How to Vote Smart and get the bigest payout when voting on steemit. Smart Voters Make the Most Money.

Under Steemit’s new curation rewards system, which was recently announced, everyone gets a fair shot.

Until recently, you were highly incentivized to vote early on soon-to-be popular posts. The logic behind that was very simple. If you were the first user to upvote something that becomes popular later on, you would get a larger payout in comparison to the rest of the upvoters.

But now there is a new system set to debut, and while it’s still true that voters get paid a big chunk of the money from each post, there will be another variable added to the equation. From now on, all curation rewards earned by voting in the first 30 minutes are to be shared with the author. If you vote right away after the post is submitted, then the author gets most of your reward, but if you wait longer you get more. Of course, others can jump in during that time, so if you wait longer to vote, the consequences can be both positive and negative. On the one hand, you make a higher percentage of the payout by waiting as long as possible within that 30 minute period. But then again, other people may vote ahead of you, reducing your payout.

This is a reverse auction system, inviting everyone to jump in any time with your vote during the first 30 minutes following a post’s submission. You will get a different share of the reward depending on when you vote. And you need to decide when is the most profitable time to vote, since others may jump into line ahead of you! Before we examine this in more detail, let’s take a direct quote from the new updated protocol:

“Starting *TODAY all curation rewards earned by voting in the first 30 minutes after a post is made will be shared with the author. If you vote immediately after a post is made, then 99.94% of the curation reward will go to the author. If you vote after 15 minutes, then 50% will go to the author. Any votes made 30 minutes or later 100% will go to the curator. This only applies to the curation rewards. The author still gets at least 50% of the total rewards.”
Source: https://steemit.com/steem/@steemitblog/steem-0-8-0-released