Steemit in a minute #1 - How much is an upvote worth

in mspsteem •  7 years ago 

steemit in a minute 1.jpg

Are you a 25? I mean your reputation level, that is the number in bracket right after your name in Steemit. For example, at the time of writing, I am gsxr (25). A new kid on the blockchain!

Any 25 should have the experience of self-voting! If you have not tried yet, I may tell you the dollar amount you raised to the post after your upvoting will be either $0.01 or even $0.00. Even if you have some friends upvoting your post, if they are also a 25 like you, the dollar amount raised will not be anything significant. We are all poor 25!!!

On the contrary, the dollar amount of any Trending post you see in steemit is either a few hundreds or even over a thousand dollar. The reason is not only about the number of upvotes received, but more importantly, the Steem Power owned by the voters.

Live Example

upvoter7.jpg

Above is a very successful celebrity on steemit, Jerry Banfield. You may find lots of his information by google his name. He has been contributing a lot to make steemit a better place for a better community. The Steem Power he owned is over 100,000! (versus 0.5 if you were a newbie 25)

How much is it if he voted on your post??? It is not a secret. Let's trace it step by step as follow.

Step 1) Find recent upvotes by Jerry at https://steemd.com/@jerrybanfield

upvote5a.jpg

In the long list of his activities, let's pick one of his upvotes on a post with the link: https://steemit.com/inspiringquotes/@inspiringquotes/quote-about-improving using 8.8% of his voting power. That is not in his full power yet.

So, how much is that 8.8% worth? It is also not a secret.

upvote6a.jpg

steemnow.com is a utility for checking the voting power of any steemit user. You may simply change the username on the page and slide the percentage as appropriate. See it yourself: https://steemnow.com/@jerrybanfield

So, an upvote by Jerry using 9% of his voting power is roughly equal to $14.18 raised on a post. Really? Let's verify!

upvote4a.jpg

It is not exactly $14.18 because I could only slide the bar to 9% instead of exactly 8.8%. But that is pretty close! See it yourself: https://busy.org/inspiringquotes/@inspiringquotes/quote-about-improving

In this example, notice that a couple of sites used are: steemd.com, steemnow.com and busy.org. Please feel free to check it out and playing with different usernames and parameters. It will further your understanding very much.

Key Point: The higher the Steem Power of voter, the more the upvote worth.

Thank you for reading.

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Great article for newcomers like me. Any idea how to increase steem power/rep ?

Thank you for reading. The most effective way is to buy STEEM to power up. But I will leave this at a latter stage when I gain more experience on the platform. As of now, I am still a 25 like you :)

what a useful article! i learnt a lot. i saw you became (29) now? no more newbie 25....! how did you do that?

Thank you for reading. I am not a productive blogger so that I took me two weeks time getting to a 29. Maybe you can do it faster. Just keep on learning and blogging...

btw, i found i can't upvote this article...do you know why?

One possible reason is that your account running out of bandwidth at that moment. Bandwidth will be self-recovered after a certain period of time. You should be able to try again now.

Oh yes....it is really my bandwidth problem. too bad.... i can upvote you now. 😍

Nice post

Thank you for reading :)

thanks for sharing
jazaakumullahu khoir