STEEM DOLLARS vs STEEM POWER: Picking your payout percentage!

clayboyn (70) in minnowsupportproject • 7 years ago (edited)

View this post on Hive: STEEM DOLLARS vs STEEM POWER: Picking your payout percentage!

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7 years ago by clayboyn (70)

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surfyogi (65) · 7 years ago

I think this is not obvious to most steemit users, and I'm glad it is the default option.
It's really not necessary to understand all this to make a living on steemit!

clayboyn (70) · 7 years ago

True, but if the prices shift, you don't want to only recieve 75% value for your post payout either. Remember things are always fluctuating.

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tvulgaris (47) · 7 years ago

I'm unclear on this- how (or even why) would I devote much attention to current market value when the payout value is probably not that closely related to it due to volatility?
I agree with you completely about paying attention to the fraction (and user-controlled voting power), but my reasons are different- I want to reward to the degree I value others' contributions.

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clayboyn (70) · 7 years ago

This post has nothing to do with voting. It's about posting. When you make a post you can get paid in 100% STEEM POWER or 50% STEEM POWER and 50% SBD. When SBD is worth more than $1 and less than STEEM, you are doing better to do a 50/50.

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michaelabbas (44) · 6 years ago

I agreed as 50/50 is best at beginning and to end as you said Remember things are always fluctuating.

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johnsmith (64) · 7 years ago

I had no idea you could do this, thank you!

elderfinancial (56) · 7 years ago

Thanks again for the info, I have seen a few posts about this but it is always good to hear things from a few different angles. I was personally converting my SBD to Steem and then into SP using the normal wallet and losing out on a lot of value as it gives you the rate of 1SBD = $1, when the trading price has been well above $1. I did not know that I should sell my SBD for Steem on an exchange and then Steem to SP. I have been using blocktrades to do so and it works great!

samest (61) · 7 years ago

Do you mean if I convert steem dollar to steem via internal market do I need to still convert it to SP or I leave it at steem? Please I need suggestion I just converted my steem dollar to steem

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tamsguitar (67) · 7 years ago

Very logically and clearly explained. And while converting steem dollars to steem it's always important to use the internal market as s you mentioned too. I myself lost a lot of money while directly converting SBD to steem from the wallet. Thus thought I should specifically mention this for others to take notice. Good post. Cheers!!!

birjudanak (64) · 7 years ago

I am still learning this site but from your post i get something which is helpful to me in feature. As you described in post i think right now we have to choose 50-50 because 1 SBD = 2 USD but some people said in features steem will go high value.

clayboyn (70) · 7 years ago

Right, my bet is still that STEEM is your best long term value. Right now however, you can get more by doing a 50/50 post and using your SBD to buy more STEEM.

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battleaxe (69) · 7 years ago

Can't forget the Narwhals who aren't minnows but aren't sharks/dolphins or whales....they swim slowly but have a big horn!

clayboyn (70) · 7 years ago

LOL Narwhals and their giant horn of "mystical and unknown" purpose.

melek (57) · 7 years ago

Great info...it will help people out!

immetal6669 (52) · 7 years ago

Nice article...I'm going to be selling my SBD on the open market now not just converting, Thanks!

crooklyncat (44) · 7 years ago

Great heads up! Im learning more and more about Steemit and its different payouts every day. This platform is INSANE!!

mariacherries (54) · 7 years ago

Actually, another Steemian also advised me to do that and it does sound logical :)

cobloc (48) · 7 years ago

Helped me! I like making informed decisions.

ionlysaymeep (50) · 7 years ago

meep

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cobloc (48) · 7 years ago

BEAKER

ionlysaymeep (50) · 7 years ago

meep

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cobloc (48) · 7 years ago

meep

ionlysaymeep (50) · 7 years ago

meep

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cobloc (48) · 7 years ago

meep

ionlysaymeep (50) · 7 years ago

meep

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tvulgaris (47) · 7 years ago

It helped meep too!

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cobloc (48) · 7 years ago

meep

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bloomberg215 (54) · 7 years ago

Thank you for that. It was very informative. Namaste.

xxvjs (50) · 7 years ago

I always posted with 50/50, now I know that I did the right thing! ;)

gmuxx (67) · 7 years ago

Great for newbies, invaluable information that most fail to grasp in their early Steemit life.

bearbear613 (67) · 7 years ago

I'm just trying to understand.. so you are saying it's better just to use the market function as opposed to 50/50? I read some whales saying it changed and they decided 50/50 was better in he end.

clayboyn (70) · 7 years ago

I'm saying it changes depending on the value of each coin. The price your payout says can be more or less than what it says if you pick the right or wrong choice!

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eightyyroldself (50) · 7 years ago (edited)

I think right now because Steem Dollars are worth more than Steem, it is better to take rewards in 50/50. Then if you want to change those earned Steem Dollars to Steem and power them up, go on the market and use your Steem Dollars to buy Steem and power it up. With current prices I think this ends up with a better result. But the situation can reverse if Steem was higher value than Steem Dollars. Some smart person please correct me if I'm wrong on this.

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drakos (70) · 7 years ago

Correct.

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incrediblesnow (66) · 7 years ago

Just select 50/50.
You will get 30% more than 100% steem power!

clayboyn (70) · 7 years ago

As of now, yes, next week that could change! Make sure to keep an eye on the prices!

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grizzman (53) · 7 years ago

Thanks for the post! I was already selling my steem dollars on the market for steem power but at least now I know why and how it works.

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getpayed777 (45) · 7 years ago

Very in forming. I will resteem this post thanks this will help thanks

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cryptopizza (40) · 7 years ago

Good Content, Helps New bee.

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courtzd (38) · 7 years ago

Ha! I've been staring at that drop down for a while trying to make heads andtails of it. THank you now it makes much more sense. Cheers x

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acwood (60) · 7 years ago

This is a great article for me. I don't consider these things enough. I just write, reply and check my wallet several times a day.
Since I first got here I converted everything into Steem power. Now I have a few SBD I like to have a quiz at the bottom of my article and the first one to actually see it and reply I can send them some SBD. Haha! It's cool.
Thanks for the post. upvoted followed and resteemed.

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mrslauren (57) · 7 years ago

Lots of great info! Thank you for posting, a lot to learn as a minnow.

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clayboyn (70) · 7 years ago

You'll get it! It becomes thoughtless after a while. New things just require us to get comfortable with them! If you ever aren't sure just ask!

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mrslauren (57) · 7 years ago

Thanks :) and very fast reply as well! I upvoted and followed Look forward to seeing more of you

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jonno-katz (52) · 7 years ago

So

If SBD > USD, go 50/50

If SBD < USD, go 100% Steempower

If Steem is worth less than SBD....?

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clayboyn (70) · 7 years ago

The first two are correct if STEEM is worth MORE than SBD.

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jonno-katz (52) · 7 years ago

And if Steem becomes LESS than SBD?
Just go the opposite?

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clayboyn (70) · 7 years ago

You would have to ask me then because it's based on the USD price of steem. But in general yes, that's how it's worked in the past.

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eightyyroldself (50) · 7 years ago

Thanks for posting such a great lesson. Important to learn these details that make such a difference over the long haul.

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manbeak (37) · 7 years ago (edited)

WOW I just started a few days ago and my post made no more than a few cents each ....I think this information will definitely help me make some choices. I really do appreciate this info. I am not in this for money however. I am just introverted and blogging is a good outlet. followed and voted

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drakos (70) · 7 years ago (edited)

Currently, the best option is 50/50 payout, because SBD is worth about $1.45. So when you convert the SBD to SP, you gain about 35% more compared to a 100% SP payout. Also, another point to consider is the STEEM market price, it's been stable for a couple of weeks now (around $2), which also plays in favor of the 50/50. Check this post for more details https://steemit.com/steemit/@jerrybanfield/steemit-authors-earn-37-more-steem-with-50-50-payout

I did the math today for my recent payouts, and they checked out. I gained 35% from the SBD to SP conversion with blocktrades.

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dreamiely (63) · 7 years ago (edited)

Agree. I say choose the method that fits your needs. If you need to have a certain liquidity from post earnings, then go with 50-50. Question though, will the SP and SBD valuation be based on payout date or on posting date?

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clayboyn (70) · 7 years ago

Very true to choose which you need the most. I just wanted everyone to know how to tell which one is more lucrative. The payout of your post is averaged over the 30 day price of STEEM right now.

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dreamiely (63) · 7 years ago

Oh, cool to know. Thanks for sharing!

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resistancemedic (47) · 7 years ago

I had no clue about any of this... thank you for sharing your insight with us @clayboyn

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blunderbabe (50) · 7 years ago

Never even thought of this before. Thanks for this :-)

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gunni55 (52) · 7 years ago

Thank you for your valuable information. I also wanted to ask if there is a limit on the number of posts that should be adhered to per a 24 hour period. I saw a video that said that but that was the only place I have heard or seen, is that true?

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clayboyn (70) · 7 years ago

No limits anymore.

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gunni55 (52) · 7 years ago

Thank you so much... (it was an old video)

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abishai (52) · 7 years ago

This is helpful. I'm still struggling to understand this part of Steemit. A question though: On Coinmarketcap, Steem has been trading at $2.11 while SBD is trading at $1.67. Doesn't that make Steem more valuable (and therefore Steem power?). I think there is a critical piece I'm still missing.

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clayboyn (70) · 7 years ago

If your share of the reward is worth $100 and you 100% power up, then you get $100 worth of steem or 47.3933 steem. If you do a 50/50 post you get $50 worth of steem and 50 SBD (not $50 worth of SBD) so you get 23.6967 steem and $83.5 dollars worth of SBD. You get an extra 33.5 dollars by doing a 50/50 currently.

abishai (52) · 7 years ago

Ah, I get it now! Thanks, this is very helpful. Thank you!

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justoneopinion (40) · 7 years ago

I dont make a living on posts but for those who do this is important! Taking a potential 25% haircut on your small business income could be huge! Good post.

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practicaleric (66) · 7 years ago

Thank you for this info, I was totally unaware. I upvoted and resteemed

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sandstorm (67) · 7 years ago

MAD value drop right here 👊 💣
Great info brother man!

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luigienius (56) · 7 years ago

Ha! Another knowledge added to a novice like me, thanks much for the detailed information.

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kryzsec (59) · 7 years ago

My problem with this, and forgive me being the devils advocate, is that you can't cash out on a post for 7 days after you post it meaning you are telling us to predict the markets 7 days in advance. Now I decided to check up on a post that I had recently posted and after you post you can't change your payout method meaning your post bases assumptions on SBD that it will stay the same for 7 days. Now I haven't spent much time on steemit but when I look at the markets for SBD and STEEM in the past 7 days alone they are volatile, they don't sit perfectly still and fluctuate frequently (even if it is just minor perturbations it still is to volatile to make a blind guess. That is my only argument with your post, otherwise it was a good read. Thanks for the share!

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clayboyn (70) · 7 years ago

There are long term trading ranges. Look at the prices a few months back and it's inverted. There are even stretches with SBD being under a dollar. While it isn't a guarantee the price of SBD can't flash crash, the price of steem is based on a 30 day average. As long as you are reasonably confident that SBD is going to be worth more than $1 and less than the cost of steem then 50/50 is the best option and has been that for weeks.

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kryzsec (59) · 7 years ago

Okay that makes more sense, sorry if my response seemed ill-informed. Thanks for the reply!

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ionlysaymeep (50) · 7 years ago

meep

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alienposts (50) · 7 years ago (edited)

Thanks for the info, i think now SBD is > 1 USD, so we're good ! :D

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clayboyn (70) · 7 years ago

True, right now 50/50 is for sure the way to go, just make sure you keep an eye on it!

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alienposts (50) · 7 years ago

yes, always my friend :D

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shadowthrone (51) · 7 years ago

Thanks for posting this. I really had no idea how this all really worked.

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wandrnrose7 (65) · 7 years ago

This is very helpful, thank you and I will begin taking this factor into account. it demystifies things a bit. Following and resteeming.

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mcekworo (45) · 7 years ago

Good to know this .
Thanks for sharing this @clayboyn

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weetreebonsai (54) · 7 years ago

Good information! Resteemit!

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walkingkeys (61) · 7 years ago

Great breakdown. I appreciate it. I will say that market page is a little intimidating lol.

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lordoftruth (71) · 7 years ago

Thanks mate for sharing
My point of view : Steem Dollars are worth more than Steem, it is better to take rewards in 50/50.
Thanks for sharing
Really good post
Have a great and sunny sunday

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homesteadproject (32) · 7 years ago

Just signed up and am still trying to make sense of how this all works. Thanks for the info. It is much needed.

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screenname (66) · 7 years ago

This post has been ranked within the top 25 most undervalued posts in the first half of Jun 25. We estimate that this post is undervalued by $56.23 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Jun 25 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

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