Research in progress (Part 3)

[danielfs]

This time I have made a simple table which calculates the % of SBD/STEEM that should be printed.

I think I'll need a few more calculations to conclude this spreadsheet. It is not going to be a sophisticated thing however I hope that it becomes good enough to have a full picture of the landscape.

Comments

[fucho80]

Big effort brother, go ahead very useful what you do.

[jadams2k18]

Thank you very much for the delegation of power. Now I will be able to increase the vote for the comments and post. I am really very grateful.

By the way, what is this Excel sheet for? What do you calculate with it? How does a post get its reward?

[danielfs]

Hi jadams2k18!

The spreadsheet is to calculate the % of SBD/STEEm that is printed (created). for example, there are $5000 to be distributed as rewards: 50% is distributed as SP and the remaining 50% is distributed as STeem or SBD, depending on the debt ratio.

As far as I know, post's rewards depend on votes and the weight of the vote. You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

[danielfs]

Rewards come from inflation

[jadams2k18]

How so? And excuse the questioner.

[danielfs]

Every time a block is created, steem is created too. New steem are distributed to witnesses, authors and curators (or bots, jajaa)

[jadams2k18]

I see, so that's how STEEMs are born.

I've never really been interested in knowing where they came from til now

[danielfs]

This is from the blue paper:

The rate that new tokens are generated was set to 9.5% per year starting in December 2016,
and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation
will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5
years.
Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens
compose the “rewards pool” which are distributed to content creators and content curators.
15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block
producers cooperating inside Steem’s DPoS consensus protocol.

[jadams2k18]

You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

I can usually see it before the 7 days are up, but in the end you get less than you expect.

[danielfs]

The amount that you see is an estimation in terms of SBD and changes daily.

[jadams2k18]

No wonder there's so much difference between reality and what's estimated

[danielfs]

I think i made a mistake. According to this article, what you see in your post is not SBD but STU (Steem tokens units). There is detailed explanation in that post.

[jadams2k18]

Thanks