RE: How can I figure out what my upvote is worth??

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How can I figure out what my upvote is worth??

in new •  4 years ago 

Your vote power is determined by the STEEM POWER in your account.

https://www.steemnow.com/upvotecalc.html

The site SteemD.com shows all transactions on the blockchain. This page shows all of your transactions:

https://steemd.com/@tigerhite21

It says that @steem delegated 15 HP into your account. So, go to the upvote calculator and type in 15; you will see that your upvote is worth $ 0.0001 .

Yep. It is worth a hundred of a penny. Each upvote consumes 2% of your voting power. Your voting power was at 98% when I wrote this.

It regenerates at 20% per day. That means you get ten upvotes a day. Your ten daily upvotes are worth $0.001 ... a tenth of a penny.

The reward pool comes from interest on STEEM. This is why the upvote value is so low. In general you need to have $250.00 in STEEM POWER for your upvote to be worth $0.01. Ten upvotes would be worth $0.10 ... your daily total.

365 upvotes would be worth $36.50 . So, $250 in STEEM POWER gives you a potential of $36.50 in upvotes. That is a good interest rate.

The risk is that the price of STEEM might fall. The price of STEEM is currently about $0.15. The people who bought STEEM for more than $0.15 are upside down in their investment.

Good luck and welcome to SteemIt.

PS: The site SteemPeak.com shows the value of upvotes for all of the upvotes on your posts calculated in STU.

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