I have been around the Steemit platform for 33 days. When I first signed up they delegated 30 SP to me and at the time STEEM was headed for the $8 range. My 100% upvotes at that time were worth 0.02 STU, very exciting for someone new to the platform. A few days later the "new account bank" (@steem) ran out of tokens to loan to new accounts through delegation. Without any warning the code was changed for new account delegations through @steem and those delegation were cut in half to 15 SP on January 8, 2018.
I noticed shortly thereafter that my votes were not worth anything, and was very frustrated. I even blogged about it in hopes someone would come answer my questions about why my vote power decreased.
https://steemit.com/questions/@royaleagle/why-is-my-100-voting-power-worth-0-00
I was new to the system, frustrated by lack of voice and vote power constantly asking myself:
How can anyone expect me to stay around and use this steemit if my votes aren't worth anything?
People were kind enough to drop a link to steemworld stats and explained the voting power percent meter. This was a great insight for me into my steem experience but still did not answer my question.
So there I was with 100% vote power and a 0.00 vote... Very discouraged and ready to just leave steemit.
I log on a few days later and Bam my votes are worth 0.01 again. This up and down vote worth was very confusing to a newbie like myself.
Then I found the upvote calculator. I plugged in my 15 SP and this is what I got:
The first time I did this it said 0.01 but when I left and upvoted someone's post it did not raise the payout amount on steemit.com Why? The page says I am supposed to give a 0.01 upvote WHY WHY WHY???
Someone suggested I add some 0s to the end to find out what my vote value was truely worth.
So I added 2 0s at the end of the 15 so that I could see the rest of the decimal places to the right. When I did this I found that my 100% upvote at that time was worth 0.0056.
Why didn't the post value increase by 0.01 in rewards?
The system adds the vote values and rounds up or down.
So if the rewards are sitting at 0.018 they appear as if the total rewards are 0.02.
If we add 0.005 to the 0.018 it equals 0.023 which is rounded down to 0.02.
Now if someone else comes along and adds another 0.005 vote that total will be 0.028 which will get rounded to 0.03.
Should I vote when my vote is 0.004?
Yes as long as your voting power percentage is above 90%.
Why should I vote for other people if my vote is 0.004?
Curation, if you like something before others you have a chance at getting curation rewards and yes they pay even on a 0.004 vote. You may be able to get back 0.003 or higher SP from curation if you are one of the first people to vote.
Your vote is added to the whole. If 5 accounts with 15 SP all vote a 0.004 vote the system adds them together and their cumulative effect is a 0.02 vote.
This vote valve fluctuates with the price of STEEM as STEEM prices go up your vote worth will increase. So you can vote something that may have a 0.00 vote today and it could go up to 0.01 later in the week if the price of STEEM rises.
In conclusion if your vote power is above 90% yes your vote is still worth something and you should vote!
If you have any questions or don't understand please leave comments below and I will try to help you.
Have a great day!
I just realized that I can not upvote your answer from the contest, so I just upvoted this one 96% instead. It's for 3rd place in my contest: https://gosteem.com/guesscontest/@johnwjr7/guess-my-number-1-results-start-of-2. I hope you will be guessing for #2, which has already started.
Thank you for this write up it really explains what the heck is gong on with vote power and payouts.
You are welcome. This was a frustration of mine for a while until I learned how the votes are calculated. For a while I wasn't sure if I should vote when I had a 0.00 vote and didn't thinking it would be wasted. I have found out that they add all of the votes together to get the total.
On this post at the moment the value is 0.92
upv4life - 0.01
steembasicincome -0.05
flxlove 0.01
hr-1 -0.62
johnwjr7 - 0.12
erebus 0.04
michaelluchies - 0.01
======
these lovely folks gave me a total of ~ .86 of the .92 this post is currently worth.
honolulu and hotmessmomma both voted at less than 51% and have a 0.00 vote value so we will exclude them.
24-9= 15 people that voted 100% for a 0.0 vote ended up contributing 0.06 to this post. Thanks for your part of that contribution.
then @bengy voted before I posted this comment with a 0.00 vote and it raised the payout to .83
Okay I don't understand. How do you check your vote power? How does the vote power affect everything.
With time I noticed reduction in the amount given,
*whatsup with that? *
Yeah, my steem power now is 0.00, I still don't understand why I should upvote.
To check your vote power % you can goto steemworld.org/@jnrlouis
To see how much your vote is worth right now goto https://steemnow.com/upvotecalc.html and adjust the numbers on the left.
Your vote may say it is worth 0.00 but it is actually worth 0.0038
It will go up and down based on the price of steem.
You should vote because you will get curator rewards and as the price of steem increases the votes you have already cast will go up or down. So the 0.0038 vote will be worth 0.0076 when steem goes above 6$
Thank you for sharing this! It is super useful for a newbie like me! Would like to know what is the impact on payout if my voting power is above 90% or in between 80-90%?
upvote calculator <-- This green link will take you to the upvotecalc pictured above. The Steem Power, Vote Power, and Vote Weight can all be adjusted on the left. You vote will be worth less the farther down you voting power gets.
When votes are displayed throughout steemit they are rounded to the nearest hundredth when in actuality they are being cast in the thousandth.
If you have any more questions come find me in the #newbieresteemday discord https://discord.gg/RRBckfP
Ah! That is really nice too! at 1500SP is $0.38. Ok, got it! Thanks again!
So because you only have 15SP you knock off those 00s to get $0.0038 vote :) They really should add the thousandths place to the payouts on posts because our wallets display that many decimal places.
Well, at least there is a tool for us to "see" exact value rather than keep finding answer why always show 0.00 and might demotivated some new Steemian. Resteemed it and hopefully able to help more new steemian. :)
You got dragonized with 50.00% upvote from @skydragon, courtesy of @royaleagle! See biddings: https://www.skydragon.me ; Delegate Steem Powers to @skydragon and Earn Profits (Details: https://steemit.com/profit/@skydragon/become-an-investor-of-skydragon-bot-service-and-earn-profits).
So many of my questions and anxieties answered by this one post. I love steemians. Thank you very much. I am in the similar phase of Steem journey.
You got a 20.00% upvote from @steembloggers courtesy of @flxlove!
It would be cool if you upvoted me instead of just advertising your business...Thank you for making this right! Honestly one of my favorite bots as can be seen by my review. I never had an issue with your service before today. Thank you for the response and fixing issue.
There was some error on this vote.
You got a 25.00% upvote from @blockgators courtesy of @steembloggers!
Today's price is lower than when this post was created but we are on the way back up. When the Steem price in the upper left corner hits $4.00 or more our votes should be registering 0.01 again. This is a moving 3 day average.
You got a 7.69% upvote from @brupvoter courtesy of @royaleagle!
This post has received a 6.49 % upvote from @moneymatchgaming thanks to: @royaleagle. Upvote this Post to Support the MMG Community on Steemit! :)
This post has received a 1.61% upvote from
thanks to: @royaleagle.
For more information, click here!!!!
Send minimum 0.050 SBD|STEEM to bid for votes.
Do you know, you can also earn daily passive income simply by delegating your Steem Power to @minnowhelper by clicking following links: 10SP, 100SP, 500SP, 1000SP or Another amount
You got a 20.00% upvote from @steembloggers courtesy of @royaleagle!
Thats very helpful. Thank you very much.
I have to add something, too ;-)