Steemrewarding - Auto Vote Timing Optimization and Trouble Shooting

abitcoinskeptic (73) in hive-149034 • 5 years ago (edited)

View this post on Hive: Steemrewarding - Auto Vote Timing Optimization and Trouble Shooting

5 years ago by abitcoinskeptic (73)

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crypticat (70) · 5 years ago

Thank you, with this info I was able to optimize the @jahm.whitelist 🐱

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abitcoinskeptic (73) · 5 years ago

Glad you were able to optimize it. Keep the exact timing details secret so people don't front-run the whitelist (or look for people doing it and front-run them).

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nickyhavey (69) · 5 years ago

I'm forever tweaking parameters on steemrewarding, have found curation efficiency has dropped by a few percent but still in the 40% range.

I did turn off auto voting authors though as it feels a little "circle jerky". I'm not around all the time to read articles so I chose the curation trail option where the article has at least been read by someone and vetted.

If I do stumble across a new article, I'll give it some love and share it in c-squared and it gets vetted again or even another time.

Like you said though, author rewards are far better to attain for most than curation rewards. Unless you're an Orca or above, I'd say authoring is probably the way to go

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abitcoinskeptic (73) · 5 years ago

I do enjoy tweaking parameters. It's interesting how the more one looks into it, the more one realizes curation trails actually make more sense. Just be sure to follow ones that are efficient themselves if you want efficiency (check their account on Steem World). You can actually even be more efficient if you notice their bad habits and put in rules to stop those.

I also stopped individual account vote rules a lot, I do like supporting several projects, but curation rewards on the support posts of big ones tend to be so small, it would be better to just delegate to the projects. Actually, I don't delegate now, but I'm thinking of doing it later.

Author rewards are good, but as Steem goes up in value and is used more, those will decrease a lot. The more people vying for the same amount of Steem and more posts to divide it into. However, curation rewards will remain similar.

Curation is only really dependant on the overall SP to Steem ratio, which may change if power down is switched to 4 weeks. Post rewards are also slightly impacted by this, but inversely so. So I would expect your curation rewards to stay within 20% unless something really unexpected happens, while if 10X the people use Steem, the amount you earn will decline significantly.

That being said, the price of Steem will also rise a lot, so it may become relatively easy to earn 100$ a week, but very difficult to earn 100 Steem. My plan is to keep curation rewards and that SP inflation to grow my account while cashing in on 50% of my post rewards. I would expect the quality to be extremely important in that case, as the value of downvotes will also increase.

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papilloncharity (71) · 5 years ago

I see this and it makes me very uneasy as I am just an old fart Lol
You have put in some excellent work here my friend and thank you for the series.
Not to put you down, but I don't think that I will ever understand this. Just one of those things I presume and I think that my best strength lies in the quality of my posts. If a person of your experience likes my posts that at least I am doing something right.
Blessings to you on this Sunday!

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abitcoinskeptic (73) · 5 years ago (edited)

The stuff covered here is fairly advanced. I honesly don't think it will help the average Steem user that much. Maybe the optimization here can improve rewards by 5%? Most important is how you decide to curate to begin with.
But, Curation will be important if Steem gets really popular since the same rewards will be divided by millions of posts where as the amount of SP avaliable for curation grows at a fixed rate.

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papilloncharity (71) · 5 years ago

Seems that the decision how to curate is the most important part here my friend. I can only hope and pray that over time I will get it right.
Thank you once again for the series.
Blessings!

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abitcoinskeptic (73) · 5 years ago

Curation was the last thing I figured oht. Don't worry, currently authoring posts makes a lot more Steem reward. However if Steem increases in popularity by 10x that may change if it increases by 100x that will definitely change.

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papilloncharity (71) · 5 years ago

I hear you my friend and will just continue posting every day!
Time will tell.
Blessings!

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bengy (73) · 5 years ago

Hmmm... I will have to look into steemrewarding, I'm still using steemauto... It appears that there is just much more options and parameters to play with here!

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abitcoinskeptic (73) · 5 years ago

I think the best approach is to use both, depending on need. Or just keep the rules active on one and inactive on the other as a backup incase the system is offline for an extended period.

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