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RE: Steem Basic Income - Member Upvotes Drive Sustainability

in #steembasicincome7 years ago (edited)

I might have to catch you in discord to go through how this all works, it's doing my head in a bit... According to my maths the total daily value of upvotes @steembasicincome account is around $27, but there are over 8000 shares.... $27/ 8000 = $0.0033 per day.... yet somehow I get $0.4/ day for my one share. (I've just bought more but atm it's 1). How do you get from one to the other?

I understand that a lot of people aren't posting, and that there are around 1700 people posting, but if they did, would the result be as above (0.003/ day return)? Even with $27/ 1700 it's still nowhere near 0.4 cents/ day.

Or am I just totally missing something in how this is all calculated? (quite possible!)

Cheers for you help,

Karl.

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Most of our calculations are managed on a weekly basis, not a daily basis, since it smooths out irregularities in member posting patterns a little more.

There is a table in the upper right corner of the Data tab in the sheet that breaks out the weekly voting power available to the programs. I only upvote the vote values in there every couple of days, but it will get you in the right direction.
I'm always happy to chat in discord. Evening (USA) are best for me.

Ok thanks - ill look into it over the wknd then maybe catch you in the chat!