RE: Abstract Drawings #3

You are viewing a single comment's thread from:

Abstract Drawings #3

in art •  7 years ago 

Now I feel ignorant that I haven't heard of Paavoharju as a Finn. I'll give that a listen when I get home.

Btw, you get more value when you take post payouts as 50/50 instead of Powering Up 100%. Here's my full explanation I gave to another user earlier:

Let me explain: let's assume you have a post with a pending payout of $2 according to Steemit. With today's market price [$6 at the time], if powered up, you'd get about 1/3 of Steem exluding the curation rewards for upvoters.

Now, with 50/50 rewards, and assuming your post would earn $2, you'd get 1 USD worth of Steem, which is about 1/6th at the moment, AND 1 SBD which is worth about $7 which you can trade in the market for about 1.1 Steem with the current prices. So, a total of about 1.3 Steem, against the 0.33 Steem from Power Upping. About 4x more.

This is because the 'potential payout' doesn't actually show the trues USD value with a SBD at $7, instead it assumes SBD being at $1 which it was initially used to be at. In the future there might be something done for the SBD pegged back to $1 but I don't expect that to happen soon. The price might also come back down by itself from the new SBD created from post payouts, but I don't know. But as long as SBD is above $1 it's more profitable to take 50/50 payouts.

There are some plug-ins that show the actual value of pending payouts in USD with the SBD prize taken into account.

Tldr; take 50/50 rewards, trade SBD into Steem and power it up, which grants you more than '100% Power UP' -rewards from a post.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!