Upvote in steemit - how to make the upvote worth $1 ?

in chainbb-general •  7 years ago  (edited)

My upvote now worth $0.02 because I have more than 100 steem dollar !

I think : Voting is related to steem power I think not to steem, if you want to upvote for $1 I think you need 10000 steem power, I don't know this information but I counted from expecting that because my vote now worth 0.02 $ and I have more than 100 steem power, so I think if I will have 1000 steem power my upvote will be 0.1$ so this is why I think we need 10000 steem dollar to have our upvote worth $1.

Is it correct ?

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Interesting discussion, thanks!

  ·  7 years ago (edited)

@clixmoney yes your SP and how much you allot to a specific is indication on how much your upvote is worth. Just as already suggested (https://www.steemnow.com) is a great resource to visit to track your activity and the rewards attached to it. Also you do not need 10,000 SP for your upvote to net $1.00. However, that all depends on the Steem reward pool as well.

I have less than 100 steempower but my upvote is worth a $0.02. and it is never going to be the same. I sometimes find my upvote to be of $0.01 worth as well. So what I think is that it is dynamic and keeps changing and one cannot actually say that these many dollars in steem power can give you an upvote worth of this much dollar.

We need to see :)

I also join to get the answer of this question, which seems around 4000-5000 sp

It also depends from current Voting Power

Thus should be correct since the relationship btw payout and sp is now linear

I don't know but you have a good point. :)

Im still confused lol

not ure how much steem power that would take.

With hardfork 19 the rewards are linear, so yes if you get $x out of one upvote with y SP, then you get $10x for a 10y SP upvote. The problem is, first of all, the reward is currently decreasing because the reward pool is still adjusting to the increase in rewards. Second, how do you know it is 0.02, and not 0.017, or 0.024?

But ok, assuming your upvote is worth exactly $0.0200 and that you have exactly 100 SP, then you would need 50*100=5000 SP to get to $1. For that, we ALSO have to assume that the SBD price won't change before you get that much SP, which obviously it will.

  ·  7 years ago (edited)

Ok some more info. Based on this article https://steemit.com/investment/@cryptoctopus/cashflow-or-capital-appreciation-what-is-the-true-value-of-steempower by cryptoctopus, you get

Someone who has $1000 worth of SP can send about $75 of income per month. (10 votes of $0.25 per day) That's 7.5%!

as of right now. $1000 worth of SP is 522SP right now. So the answer to your question is, right now 522*4=2088SP are needed for a $1 upvote. However, if we follow this rule, then the 125 SP that you have should give you $0.059, not $0.02... So my guess is that the correct answer is between 2100SP and 5000 SP. The best way to know would be to find someone whose upvote is worth more than 0.50 so we can be more precise.

I found the definite answer guys. Here's how I did it: I went on https://www.steemnow.com/ and put in jesta as username. There you can see he has almost 100% voting power, and that his 100% upvote is worth $14.27. You also see his SP. if you divide his total SP by 14.27 you get around 2800SP. I tried with other steemers with a lot of SP and its around 2800-3000SP when their voting power is around 100%, so here it is folks.

The answer is : around 2800SP when you're at 100% voting power, as of today (this value will increase because payouts are still decreasing)

thanks for the good answers ☺

Seems about right

Yea your right that how it looks like it works

id love to know the answer to this too! If so, im converting steem to steem power from now on!

you don't need 10,000 sp for 1 $ worth per vote go to the link below and enter ids of other users and compare, i think 2000+ sp would be enough for 1 $ worth per vote

https://www.steemnow.com/

Seems we all think of this. Just wrote the the same post 😐

It's not useful article - it's pretty old one. It least 2 rules were changed dramatically since it was written

This is interesting, I would love to know if that is correct :)

you don't need 10,000 sp for 1 $ worth per vote go to the link below and enter ids of other users and compare, i think 2000+ sp would be enough for 1 $ worth per vote

https://www.steemnow.com/

Need clarification for this too. we research together..

excelente

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Great i hope in a year i will get there :)
Thx for the support!

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