After 3 months on Steemit i'm still battling the thought of curation and the way the voting system works. i would like to share with you the items I learned to this point and provides you some vital tips.
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My initial mistake
I was on the fence whether or not I ought to title this post "My initial mistake on Steemit", let American state make a case for why. after I 1st joined Steemit and learned that you simply may conjointly earn cash (curation rewards) by upvoting posts, i assumed (like perhaps a number of you) that the simplest strategy would be to upvote high earning posts.
I created a listing of the very best earning authors and upvoted their posts mechanically with the assistance of Steemvoter and Streemian. Not as a result of i'm a lazy, cash grabbing quite guy however owing to the straightforward undeniable fact that i do not have the time to man of the cloth posts all day (and hey, i used to be new at this thus offer American state a break).
The issue is that I did not understand specifically however the upvoting worked and patterned that the upper the payout on a post the additional curation reward i'd get.
But guess what? i used to be wrong
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What I learned
So if i'd have taken the time to scan the study i could have avoided one among my (many) 1st mistakes on Steemit that were supported assumptions rather than doing a little smart ol' analysis. i used to be thus consumed by discovering this novel world with most potential that I solely targeted on posting content and not enough on reading concerning the principles.
Curation rewards are earned by upvoting content (you in all probability already understand this) and there ar some rules that you simply need to perceive to induce the foremost out of it.
Voting Power
Every time you vote your balloting power decreases. you have got roughly ten votes daily (spread over twenty four hours). If you vote quite ten times or do not unfold your votes over the day then your balloting power can go below 100 percent. this suggests that your upvote's price are going to be less, thus if for instance your upvote is price $0.30 (at ten0% balloting power) and your balloting power falls to ninetieth, you'll solely be able to offer posts a $0.27 upvote.
If your balloting power is at five hundredth then your upvote are going to be price $0.15.
You can check your voting power and therefore the price of your upvote at Steemnow.com.
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Curation Rewards
Now for the necessary half. The upvoting method is meant to discourage sure behavior. If everyone simply upvoted to maximise their payout than this might not profit the platform (If solely i'd have famous this from the start).
So the terribly good individuals at Steemit designed algorithms that rewards the conservator for upvoting content that's "fresh" , by that I mean prime quality, however not nonetheless trending posts.
If you vote on a post that's not nonetheless well-liked however has the potential of trending then your stake within the payout are going to be larger.
So you have got to search out those posts presumably to trend early and acquire your pick out.
You might assume that it'd be an honest strategy to upvote early well-liked authors as a result of their posts perpetually create some hundred greenbacks.
................Well....... you're wrong
Explanation
After seven days the author can get his/her payout and therefore the curators (the those that upvoted) can get their share. The persons WHO contributed the foremost to increasing the payout can get the most important curation reward.
If five hundred individuals upvoted the post than your share are going to be zero.002 of the curation reward (if all upvotes were equal and at identical time). essentially that share are going to be even less as a result of chances are high that that dolphins and whales are upvoting the author.
But If you vote on a author who is a smaller amount well-liked and by definition receives less upvotes than your stake within the curation reward are going to be a lot of higher.
If sixty individuals upvoted the post your share are going to be zero.017 of the curation reward (if all upvotes were equal and at identical time). it's conjointly potential that this post gets upvotes from a dolphin or whale however...
If you're taking into consideration the actual fact that you simply voted before the post became hot, your weight can increase even additional albeit a whale or dolphin voted on the post. conjointly as a result of well-liked authors get tons additional.
https://m.youtube.com/watch?v=HEHe44UemsQ
Nice post
Tanx
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Excellent post and explanation about how the voting system works. Keep up w/ tht good work, bro!
Thank you
Thank you