Could anyone please fill me in on this..
Hello steemers,
I have a simple question for you all.. Perhaps not that simple, at least it's not for me.
Here's the thing. I know you're being awarded with steem dollars and steem power for upvotes and replies. Most of us are aware of that by know.. However, and I think this looks a bit funny, but how come something like this can happen?
Sure, both of these topics are still alive so this can change but that's not the case. The thing I wonder about is the upvotes & pending payouts..
As you can see, the first post has $2,62 in pending payouts (at the time the screenshot is made). And there's 49 upvotes. The third topic has $2,27 pending payouts with only 6 upvotes..
How is that possible?
Is that due to the voters steem power, that the voters have been voting several times on other topics recently (within that 36 minute timeframe I've heard about) or is this the results of something else?
You can find both of them here:
The TRUTH About Success Stories: MOST Newcomers Aren't Aware of it.. Are YOU Aware of it?!
3D Tattoos?! Anyone got em?
Its kind of like if rich person goes to your restaurant he is probably going to spend more and tip better.
Yeah, I can see that. But, still, if you serve 3 "big spenders" and 45 bums, you'll still get a lot of tip, right? But not as much as if you would've served 35 "big spenders".. And in this case, it doesn't add up with that in mind.
I've been wondering this too. Doesn't seem intuitive that a post with 240 people can make $1,200 and one with 46 can make $2.42...
Yeah, it sure is a bit odd.. At least until you find an explanation for it :)
Take a look at this:
61 upvotes. That's 12 more upvotes than my post in my example. These earnings are $692.73 and mine are $2.62 ...
That feels, just odd.. Anyhow, I'd love an answer for this, so if anyone have the explanation for it, please comment! :)
as far as I understand it, 1 vote from a person with a lot of steem power will give the person more rewards.
So for the post with 6 vote, one or more of those posters probably have a lot of steem power
That is correct. Two of them have a lot of SP. Wang the bot and another one. Wang have: 310,250.457 and The other one have: 170,448.691. So far so good.
However, wang with his: 310,250.457 SP voted on the other one too. Including one with: 64,000.966 SP and a third with 102,443.779 SP.. So those 3 people combined almost adds up in the same amount as the two above.
That said, there's a bunch of people with 5 or 10 SP voting on the other one, but also users with anything between 100 and 1500 SP. Even though it's only a few.
So.. I can't fully understand this.. Or... Is it so that new people with less SP brings the value DOWN? .. If that's the case.. All those amazing introduceyourself posts shouldn't be earning that much, as new people are voting on those too.. Am I missing something here?! :D
Yes, I have seen many times where my upvotes actually brings the poster's reward down, which makes me want to be really careful with my votes hehe.
The more invested in steem power you are the bigger weight your vote carries. Although depending on how many votes you cast in a really short amount of time your voting power is split between all those votes. It resets every 36 minutes and then you have your full voting power again.
Steep power also pays interest which is actually quite significant. There's a bunch of reasons to hold steem power read up on those perhaps. But basically SP is your influence in this system. Hope that kinda helps.
You are spot on and correct.
Thank you, I appreciate it. I won't say that I know exactly how SP works, because I don't, but I do know a bit about it at least. And that's actually the reason for my question to begin with.
I understand that SP is the major thing here. I know it truly is POWER we're talking about.. And I don't mind getting paid $0,10 or $45, or nothing at all that doesn't matter at all. I'm just glad to be here as I believe steemit is awesome. It's unique and cool and you CAN make money by making posts. Nothing says that you WILL do it. You CAN.
But that's not the reason for my post. I don't care about the actual earnings, I'm eager to fully understand WHY this happens and HOW it can be such a big difference between 2 posts I've made, when the post with LESS votes EARNS more, even though the voters have more or less the SAME amount of SP in total on both posts.
I wouldn't wonder about this if the post with more votes had LESS SP in total. (by combining the voters SP.)
Maybe the question is answered a long time ago but from what i understand there are several variables which interact with each other. I don't know any formula it's just qualitative guess from what i'd read and learned here on Steemit:
Is that true or has that changed already?
1.,2. and 3. are combined in some formula with a few more parameters i think. STEEM POWER and VESTS are connected. That's my simple understanding without knowing details in depth.
If you drain your VOTING POWER to maybe 13% then you've a lot less influence and a lot less payout from your vote. I tried that, it's true! :)
The 20-30 recommended upvote limit is based on the regeneration curve i think, it's not linear. If you do heavily voting, maybe 100 upvotes in a hour you'll will be at a very low VP value e. g. 15 and the refill rate (water drops per minute) is much slower in comparison to a VP value of 50 but will increase over time and may accelerate (no evidence). I think it's similar to the following chart (just a guess by me, could be a more complex function or maybe it's linear and there is a defined number of votes per day e. g. 23.2 as parameter for 100% regenerating per day, i don't know)
chart deleted by onetin84, i think VPregeneration is more linear than i thought
The prinicple for me is to not exaggerate on voteups because the VP regenerates very slowly and you must wait for days do get your full voting power back.
A fork last month changed the draining in voting power by factor 4 with a full vote (100% slider) like @sykochica explained. @andrejcibik experienced a strange slow regeneration, don't know if it's true but something to do further research on that topic if maybe no voting leads to slower regeneration and maybe you must vote wether or not you have a low VP level. Many questions .. i'm curious
I am Cornholio! (Whoa! Hm heh... that was cool) I need T.P. for my bunghole! Come out with your pants down!