Hi steemit friends, the purpose of this post is to answer common questions newbies always ask. They've ask a lot, like in discord's channel or commenting in authors page. So, I will try my best to answer it as I personally interpret it. All opinions of other authors are welcome to comment down below.
In my last topic, 'How To Steemit 101: 'How Steemit Pay-Out Works' we talked about how Pay-Out works. There's a big question here since sometimes we felt underpaid and also technicalities arises all on how really payout really works.
So, in this segment I will literally explain how #steemit calculates payout.
Well, I will not scrambled your mind about it. Just open your mind and try not to calculate first without understanding it. It will really get you dizzy with numbers but the results will be mind bing bang bingly bangly boo (peppa pig song)
Redeemed rewards are shown when an existing post/s due to payout date, in this case always on the 7th day (how lovely isn't it). But when we saw the figure, it made us scratch our head (above not the other head) on how did #steemit calculates it (as we sometimes dispute our payroll to accounting dept.)
I found a very good source about it and I figure it out in just one look. So, it's a calling to share this with you guys!
This website is actually a tool for you to figure how much exactly will be the profit of a post and also your stand on curation. The interaction within this tool are smooth and one thing is for sure, "it is safe and secured". (it won't ask any key)
***Author share is based on a minimum 75% payout slice
*** STU = Steem Token Units, the value unit that is displayed by default on Steemit.com. For a breakdown on how rewards work on Steemit have a look at this page.
**** if a post is displaying 0.00 in USD, it means there are no liquid rewards, author chose 100% power up - if you want to see the SP rewards too, use the "Toggle USD / STU Rewards" button
So, above images shows us the exact curation and earnings we will have by the end of the 7 days period. The acronyms used here will be explained below and this will be the technical side and the reason why I really now understand how #steemit pays us.
With the set example, you will now understand how payouts are being calculated. Thus, in fluctuating rate of the currency, it will give you a standard form of value.
I really hope that somehow, I imparted a learning here. You may correct me as you leave your message below. This initiative is to help fellow newbie here in the community thus it also reminds us that this platform is not only a monetary machine but also a community that needs HELP, AWARENESS and LOVE.
Shout out to @dragosroua for creating such wonderful piece and follow him for more updates to come. He really helps the community unconditionally. I wonder how long or he even sleep with the excitement of doing this?! hehehe KUDOS @dragosroua and I bid you more more blessings!
Until the next posts! Thank you and God bless!
Great job
Thanks.
This is very helpful, I am still trying to fully understand payouts myself!
Thanks that you found this educational @bigguyandrusty
Thanks for educating us
You're most welcome. I hope it really helps
Nice thread. Exactly what I was lookinh for. Thanks @dante01
Thanks @darwinmaas. I hope you learn something here. Hope I get resteem for this? Thanks again and Bless you!
Just resteemed the post. Please feel free to upvote my comment thanks :)
This is informative, it's good na aware tayo sa mga ganitong details. :)
Buti nalang may nakapag paliwanag nang mabuti
Salamat @darwinmaas
Yes indeed! Mag iisang taon na ako pero di ko pa alam ang calculation. Thanks to @dragosroua for contributing this epic item. Thanks for dropping by @zararina. Bless you!
Nice post ito. Napaka informative :)
Thanks for this post friend! Very informative
I'll resteem this post. It will surely help my friends too
Thank you for appreciating it and for resteeming it.
God bless you @patricjames
@sarahdandridge you may want to take a look at this 😊
Thank you for dropping by and sharing this piece.
Bless you @ryl
This is the answer to my question! I've been calculating the SP why I get this and that but I end up soooo confused. I was also asking some but it made me confused even more. Haha
Thank you @dante01 for sharing this. I will resteem this for my reference if any of my friends ask me about this matter. ^^
Been there brother! Was even debated someone because of this hahahahahaha well thanks creator and contributor of steem.supply.. calculation became easy. Thanks for dropping by @julsmlz
i've been here for 4months already and it's funny na ngayon ko lang to nagets hahaha thanks so much for this! worth resteeming 💪🏻
Even I don't know how to properly calculate payouts ever since hahahahhahaahah Thanks for sharing this to others. God bless!
Thank you for this post... It really helps even if am still new and finding my around. Kudos to you
Thanks, that you found this educational. Highly appreciated @osiobetheo. Bless you!
nice very nice..
It is great!
Thank bro...
You don't have any followers and you are not following anyone? Really?
Kindly check again @karenps maybe there's problem with your internet :)
I'm pretty sure I have 1000+ FRIENDS and 600+ Followed :)
yes right.
Payments are released after 7 days and you can even payout 1 sbd.
@qami
Indeed @qami. Now, when converting it. I suggest that you guys really wait for higher rate :P
yes sure.
Thanks for nice sharing.
Lets get connected.
I am already following you.
@qami
Happy to have new friend around
Well said! Glad to have the info out there to share with peeps. Nice promo photo too :)
Thanks for dropping by @dandelion. That picture were taken from our adopted tribal community here in Davao City. I'm standing on on-going project for them :)
I really got it, now I don't need to wait until payout before knowing what am getting
Thanks @dante01
You're most welcome @folly-pandy
Me too and we are really blessed that @dragosroua created this..
Thanks for sharing this ,is indeed educative. Not only for new one ,for everyone. Nice one. Good not to be selfish.
Thanks for your kind words!
#steemeducation is set to educate more #steemit members, new or not.
Bless you @kdforlife. Care to resteem my post? To circulate more in the community. Thanks
very informative to newbie like me...Followed you..u can see my post too @jerelyn
Thanks for dropping by @jerelyn.
This is for all. Bless you!
Added this post to my favorite links :) still wrapping my head around the whole economics of steemit... thank you @dante01.. also followed @dragosroua 🙂
I hope this help big. Thanks for dropping by. Bless you!
This post has received a 0.20 % upvote from @drotto thanks to: @banjo.
Just recently signed up. Di ko pa masyado naiintindihan yung post pero alam ko makakatulong. Salamat. :)
No worries.. ganyan talaga pag umpisa.. but this will definitely be your guide. Hey, salamat sa pag bisita. Bless you kaibigan @yeyish.
and welcome nga pala sa #steemit.
Nice explanation, Now I understand it...keep up the good work..
Thanks @godlovermel25 for dropping by. I hope you learn something here. I humbly ask if you could resteem it. Thanks again buddy!
Resteemed by @resteembot! Good Luck!
The resteem was paid by @vallurivikram
Curious?
The @resteembot's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.
Thanks a lot @vallurivikram. Bless you with your kind gesture.
postingan yang bagus
sangat bermanfaat bagi semua
sukses selalu untuk mu
Thank you for your kind words @fadil94
I bid blessing and success to you too.
iya sama sama
terikahasih juga dari saya
saya orang aceh
kamu berasal dari mana
It's my pleasure to know you @fadil94.
I'm from Philippines. I pray for your blessings here brother.
Thank you, very useful!
Follow you, upvoted and resteemed
Thank you for dropping by and founding it useful.
Bless you!
I still don't quite grasp how this all works, I had my head spinning trying to figure it out. Then I realized, the cut of the pay I receive, and how to actually receive it, is irrelevant if I don't have anything to be paid for. So I've decided to not worry much, and figure it out as I go. Thank you for sharing, very helpful!
Thank you for dropping by @rball9870. It's pretty sure mind puzzling however, this is the simplest way to explain how payout works :)
educational post.. thanks for sharing some walkthroughs.. great job...
Thank you for dropping by @jezmacher.
I’m still familiarizing myself with steemit and found this helpful. Thank you for clearing some confusion out of us, the “newbies”. 😊
you're most welcome