Did you know that voting for content can also earn you some kopecks ?!
When you're not necessarily blogger or content creator, voting articles or comments is one of the other ways you can get your wallet on Steem.
But, please, do not create bots that vote all your comments or articles, except, if you want to kill Steem!
In fact, by voting a recent article, you enter the list of curators, who will receive up to 25% of the rewards that said article has generated.
This 25% is distributed among all the curators, the distribution is based on four parameters:
- The "finish ranking" at the time of the vote: every vote after yours gives you a few more rewards.
- That's why it's interesting to share (restem) items that you think are undervalued (since chances are your followers will vote and share after you).
- Voting Power of the voter: it adds a multiplier effect (between 0 and 100%) ... this is the story of apples.
- The percentage of vote granted (via the slider, for those who have access to this tool): also a multiplier effect (0 to 100%).
Voter's Steem Power: Adds a multiplier effect on rewards.
However for most items, less than 25% of rewards are redistributed to curators ...
I explain below how it is done and how to optimize your curation rewards.
How to vote effectively?
To maximize your rewards, you need to understand how each setting works.
This section explains in more detail each of the parameters that influence the final amount. (And if someone has anything to add, go ahead, because frankly, it's not pie).
To write this article, @oroger and I have read dozens of articles found here and there on Steem (and which, by the way, are not always quite correct!) And the white -paper ..
The graphics below are from the @ calamus056 article. This is a very specific explanation (in English) of how votes work.
1. The finish classification
Image source: Tech. Sgt. Samuel MorseReleased
Spot and vote on an article that will make the buzz, before it becomes popular. This will definitely put you in a good position to benefit from the best possible winnings.
But what is the exact impact of the order for obtaining curation rewards?
In fact it is huge!
As can be seen in the graph below, the percentage of rewards drops very quickly.
In fact, more than 90% of the rewards can be recovered by the top 10 curators. It is therefore important to vote early if you want to benefit.
That's what happens in optimal conditions, but there's a trap: the 30-minute delay.
The 30 minutes delay
Now you may say to yourself: "Curation is easy, just vote directly when a successful author publishes an article."
I think we can pretty quickly all agree that it would be completely crazy. Indeed it would mean that the articles would not even be read before being voted and it would give a huge advantage to bots curators who, scanning the blockchain, react much faster than a human to vote new content.
The creators of Steem thought about it and put in place a mechanism that prevents that from happening. Unfortunately few people seem to know (at the same time it's not obviously, we must admit).
What happens is that during the first 30 minutes of a publication's life, the rewards of votes will be shared between the curators and the author. The distribution is done linearly as shown in the graph below:
We see that the further we move away from the moment of publication, the more the curator will be rewarded. More precisely:
- A vote taken directly after the publication will yield all its rewards to the author (100%).
- A vote after 15 minutes will yield 50% of its rewards to the author (50%).
- Beyond 30 minutes, the rewards are not altered.
So if there are votes before 30 minutes, the author will receive more than the 75% of the article's rewards, and the curators will share less than the original 25%.
2. The Voting Power
The second parameter is your Voting Power percentage at the time of voting.
It does not appear on your Steemit page, but you can find it on sites like steemstats, steemnow or steemDB but also on your busy.org profile.
In the end, your rewards will be multiplied by the Voting Power value during the vote. This is another complex mechanism, my video on the subject will allow you, I hope, to see more clearly.
3. The percentage of Vote awarded (the slider, therefore)
This is a tool to refine yourcurations.
A full power vote (100%) decreases your Voting Power by about 2%. Knowing that the regeneration of this energy is done at a rate of 20% per 24 hours, you can vote 10 times a day with maximum voting power, and finish the day at 100% Voting Power.
If you vote a lot, you will probably want to modulate the power of these votes based on the value you assign to the content of the articles.
To be able to settle it via Steemit, you need to have a certain level of Steem Power (to date, August 2017, about 500). So you can manage your votes a little more subtly.
On Steemit, your votes are at full power by default. Other applications, for example on eSteem or Busy, allow it from the first vote.
Be careful, by using less than 100% of the vote percentage you will be able to vote more (20 votes to 50%, 100 votes to 10%, ...) but your rewards will be reduced (1/2 to 50%, 1/10% to 10%).
In the end, your chance of winnings through this system are equivalent whether you vote a little or a lot. It's up to you to place your votes wisely.
4. The Steem Power
As you already know, the amount of Steem Power you hold determines your influence. With more influence, the votes reward the authors more importantly ...
On the other hand, you may not know it, but this is also true for curation awards. The more Steem Power you have, the greater will be the part of the curation rewards that will come back to you.
Conclusion
The ideal situation is that you are the first voter and your vote is made at least 30 minutes after publication. Although possible this situation is rare on items with high rewards. This still gives you a good reason to go dig in the articles of users with fewer followers to find rare pearls.
The timing is crucial. However, it is sometimes better to vote a little too early, and still be ranked in the list of beneficiaries, than to arrive at the end and recover the crumbs.
Is it better 50% of possibly a lot, or 100% of something bigger?
As a curator, it will be up to you to judge the best time to vote. You will need to analyze the content of the article, the current number of votes, the time of publication, etc.
Besides timing, you are also advised to keep your Voting Power high enough (> 80%). To do this it will limit you to 10 votes at full power per day (or the equivalent using the slider, if you have it).
Sites like SteemNow (Zone Latest Curation Rewards) and SteemStats (Transactions tab) show you the curation rewards:
If you want to boost your curation rewards, you can increase your Steem Power. This is obviously not at all mandatory but will have a multiplier effect on your rewards.
"The value of a man lies in his ability to give and not in his ability to receive."
Albert Einstein
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Hi benash
Thanks for this, very useful to a noob. I'll go over it in detail tomorrow (it's late now here in the UK) but on a quick read through it looks it looks like what I've been looking for. As I say, I'm pretty new. My plan is to contribute plenty of good content, but I'm also keen to maximize the rewards I can get, not just for the obvious reason but also to increase the visibility of my posts. Some people seem to be gaming the system and harming Steem by doing so. A shame, because it deserves to succeed, rewarding people for providing users with interesting ad-free content. Thanks again for providing the helpful info.
Very useful writing. Thank you very much dear.
It will help all the people of this community .
You deserve upvots from me.
Waiting for next post .
Can I resteem it??
thanks for your comment you can of curse
Welcome To Steemit! Your biggest challenge now is how can you grow from a minnow to a dolphin and then to a whale. Fortunately, it’s not as hard as it seems.
If you post great content and involve yourself in the Steemit community you’ll grow a large following in no time at all.
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Dear @benash, thanks a lot for your beautiful post, in order to support you i put your picture in my blog. Please feel free to check the link below and if you like my effort then kindly donot forgot to upvote and follow me too. ;). If you donot like your reference in my post then just comment under that post, i will remove it.
https://steemit.com/life/@sultanmr/best-new-steemers-introductory-posts---page-2-1523833974-4658813