You are viewing a single comment's thread from:

RE: I tried the Pay me 100% in Steem Power option. Here are my results.

in #steemit8 years ago

My current post is doing this too. If he rate is unfavorable, I'll do it manually. My conversion based on 30.87 SBD at recent sbd price of 0.55/Steem came out to 56.13 Steem. Of course, the rate might have been different when yours cashed, but that's over 10% to save the step of selling it myself? Yikes.
OTOH, the ask is .61 SBD, which would come out to 0.50 Steem, so pretty close to what you got. Maybe it's going off the Sell orders when they do the conversion?
Yeah, I know, more buzzkill. Sorry. :(

Sort:  

Ok I've got my wits about me now lol. According to the payout of my last post above $10, the current traditonal split (after curators take their cut) is 40% in Steem Dollars and 60% in Steem Power.
So if we look at the post in question after curation, I would get $12.348 in Steem Dollars and 18.522 in Steem Power. So we only need to look at the $12.348. I get $30.558 Steem Power instead of $12.348 Steem Dollars ($49.08 - $18.522 I would have gotten anyway). At your rate of $.53, that equals $16.19574. Therefore, I came out $3.84774 ahead. If I'm not mistaken, that means I came out 12.83% ahead... and I don't have the hassle of converting to Steem then Steem Power. I may be completely wrong. If I am, I would appreciate a mathematical explanation so that I can better understand. I am a novice with crypto.

Thanks! I'll check mine tomorrow and look at the market at that time... or at least try to. I"ll try to remember to post my findings here too. :)

Cool. I hope it works out on your favor.

It appears to be favoring the ask price. My payout was basically what it would have been if I'd accepted the ask price at the time. However, the most recent filled order was 4 cents lower, so perhaps I'd be better off just taking the SBD and doing my own conversion. I might post my findings, but am not sure it's worth the trouble. :)

Actually I just figured out that this is incorrect. No matter what, more than half was going to be paid in steem power. We are only dealing with the reaming steem dollars. It was never going to be paid in 100% steem dollars so we should only be measuring the portion that would have been paid that way vs the the steem power.