When you buy using SBD you divide SBD price using the steem price.Where did you get that? ๐ Only SP is divided by STEEM price. When we divide SBD to STEEM vise versa we only get its RATIO, not SP. ;)
We can buy SP at actual STEEM price with SBD at Steemit INTERNAL "Currency Market". So, when SBD price is higher than STEEM price we get more SP. :)
This is my screenshot 4 months ago, SBD price is higher than STEEM. With less than 1 SBD I got 4 STEEM/SP:
Today, SBD price is LOWER than STEEM price so I got LESS STEEM/SP. I always buy STEEM and Power Up as soon as I receive SBD rewards even it's a "cent" and power down when I need cash ๐
Right now the prices are as follows,
SBD = $3.43184
STEEM = $3.99631
So if you have 1 SBD to figure out how much STEEM you can buy you would do $3.43184 / $3.99631 = 0.859 STEEM
I say STEEM and SP are synonymous since you can always get a 1:1 for these, the only difference is liquidity.
Note that at first we were talking about Rewards calculations, not buying steem. The reward calculation also divides STU by the steem price as part of the calculation.
I was confused because I only use the INTERNAL MARKET to easily get the current value of STEEM/SP. Got you. Haha! I used your formula and the result is the same when I get the ratio (1SBD/RATIO).
I am still referring to the rewards, the 50/50 reward. The 50% SBD to buy STEEM and POWER UP (add SP).
My goodness I hate this Steemit math it reminds me of my college days :-D
So what formula are you using to calculate STU to SP?
Reference above screenshot:
SBD/1.174572 ๐
(SBD/price of SBD/STEEM)
That price/ratio is automatically provided at Steemit "Currency Market" I only input amount of Steem when buying ๐