regbf
wefdcs
7 years ago in #steem by lukebrn (58)
$17.34
- Past Payouts $17.34
- - Author $15.49
- - Curators $1.86
30 votes
- minnowhelper: $6.21
- aksdwi: $5.06
- rok-sivante: $2.05
- taskmaster4450: $1.15
- digdaga: $0.86
- sleeplesswhale: $0.80
- brandonfrye: $0.28
- gregory-f: $0.25
- redbikk: $0.17
- jamerican-js: $0.13
- stackin: $0.12
- aaronmcheong: $0.07
- stirling: $0.05
- kenhudoy: $0.04
- summertooth: $0.03
- docsmith: $0.01
- faithcalls: $0.01
- onejwells13: $0.01
- bitcoinquest: $0.01
- edjag: $0.00
- and 10 more
To figure out the SP you will recieve at payout, divide the mean average over the 7 days your post was active by taking half the total payout minus 25%, so $20 x .75 = $15 / 2 =$7.50. $7.50 / 4.591= $1.63 Steem. you would recieve $7.50 SBD and $1.63 Steem. You can find Steem at Average 7 day price of Steem at Steemd.
You do not receive a 50/50 payout. It is a bit of a bait and switch. Also, this is the reason why bid bots almost always lose you money.
Another wonderful series inclusion! Understanding that SBD stands for Steem Backed Dollars makes it waaay easier for me to differentiate, thank you!
Great series, with lots of good info for the beginners. I know I have heard over and over again questions from newbies that show they don't understand how post payouts work. Other popular newbie questions are about "where the money comes from" and "do I pay when I upvote a post".
Thanks for the comment! I will cover those two questions for newbies in a later post, thanks for the suggestion :)
This is really important for newbies especially, as brought up by @taskmaster4450. Even for myself, I have only recently fully understood how the payout mechanism is - 50% of SP is based on the Dollar Value and not SBD, which is why it's always much less compared to the other 50% SBD reward
Thanks @aaronmcheong! Feel free to share it with your followers to show them how the system works!
I was just about to comment the same thing.
It's good that I decided to check other Comments before Posting Mine.
Oh man, what a great find - and only started three days ago.
Thank you for helping us noobs - much appreciated.
This is a great post for beginners to read....it is important for them to understand the differences in how the payout works.
So many come on here with the deer in the headlight syndrome. It is understandable since this place is really confusing. I hope many of the newer pay attention to this...it is the foundation of what takes place on here.
Thanks for your comment @taskmaster4450! Glad to hear you liked the post. I agree, it's important to understand the basics from the beginning.
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Hi Luke, have you seen this third party website that shows lots of useful information on your Steem Power and Steem Backed Dollars curation rewards such as how much your payouts will be and when your payouts will be deposited. It's called Steem.Supply, CHeck it out if you have not already. Its great!
Sorry the link was broken, but fixed it now.
This post has received a 31.25 % upvote from @sleeplesswhale thanks to: @lukebrn.
This post has received a 16.18 % upvote from @aksdwi thanks to: @lukebrn.
For more information, click here!!!!
Send minimum 0.100 SBD to bid for votes.
This post has received a 38.47% upvote from
Do you know, you can also earn daily passive income simply by delegating10SP, 100SP, 500SP, 1000SP or Another amount. (10 SP minimum) your Steem Power to @minnowhelper by clicking following links:
Well explained for the people who didn't understand. Keep on going mate
Thank you for this post, you have received an upvote from me which is probably worth ..... ooh let me see.... a fraction of one cent because i am a noob but I guess it all counts! Keep posting, well done.
very good insights on the workings of steem and sbd. very valuable for newbies . thanks for sharing this and keep it coming. upped
Thanks @kenhudoy!
Hi there it might be mentioned in your initial posts for a beginner like me, would you recommend to go on 100% Powerup to increase SP as lever or is the actual effect too low? My key issue still is visibility and recognition of the single posts.
Many thanks!
What I do is 50/50, then converting your SBD to STEEM, then powering that up! T
Thank you for this post. Really helpful. I did not understand how the payout system works until I read this post.
I get asked the question of how post rewards are paid out a lot, and I always struggle to explain it in clear terms.
Your infographic will help a lot, cheers!
Thanks, would really appreciate your support If you liked it!
So, do you know how the steem power works exactly? It's my understanding that if you have more steem power, you get mor curation rewards. Is that correct?
I may have made a mistake by sending me steem to exchanges to purchase altcoin investments rather quickly, instead of building steem power. What is your tactic usually?
Also, why is there two kind of currencies, SBD and Steem? If you can shed some light on this (maybe in a future post) I would love it!
I hope you are having a good week!
Cheers!
J
Thank you for such an informative post. However, I amstill confused on STEEM and steem power. Would you mind to explain more on it?