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RE: UPDATED - Steemit FAQ Part 4 - "Payouts"

in #steemit8 years ago

I'm still confused. I don't think you covered this in the article.
I just got paid for a post and the author payout was $12.69 and the actual payout was: Claim rewards: 6.347 SBD and 2.634 STEEM POWER

Um...I'm no math wizard but I know that doesn't amount to the $12.69. Even if you go by the market price for steem dollars, that doesn't add up. So I'm just curious how this works.

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The average price of Steem over the course of your post must have been about $2.41. If you take ($2.41*2.634)+$6.347, you get about $12.69.

Your payout was worth more than $12.69 because the current market price of SBD is well above $1.

AH...the average price is what it goes by. Ok totally understand now. Thanks for the help. Great post by the way...found it on google.