So, I've been curious for a bit how the math of a post reward works out. My central question- For every dollar that is shown in a post reward how much is it worth in USD right meow?
So, I'm going to use this post as my example. It's a Meme the News Post from 1 week ago.
As you can see the post earned 8.25.
What actually got deposited in my account was-
So, that's 3.134 SBD and 2.558 steem power (1 steem is 1 steem power).
So, now let's go to Poloniex to see what those are worth. We gotta start off by knowing how much USD a bitcoin is worth.
Looks like it's a whopping $2139 USD!!!
Next up have to figure out how many Steem make up 1 BTC.
So, 1 steem is worth .00052385 btc. So, 0.00052385 X $2139 is $1.12 USD/Steem! Since I earned 2.558 steem power then the total that came from that is $2.86.
OK, now for the SBD.
Looks like each SBD is worth 0.00087854 btc. So, that means 1 steem is worth $1.88 USD. Since I earned 3.134 SBD then the total amount earned from SBD was $5.89 USD.
That brings my total to $5.89 +2.86= $8.75 USD!
That's 6% higher than what the post reward shows (since it's in steem currency).
Rule of thumb
If you need a quick method to figure out how much a post is worth in USD simply multiply the value shown as the post rewards by 1.06 and that's how much it's currently worth in USD. These numbers change frequently, but for now that's a pretty good measure.
Great post! Hehe I love it when you transfer it to Poloniex and it goes up hehe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey! I'm honored to have you in my comments section! Thanks for visiting. Here have some tea!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very nice, was looking for something like this!. But what kind of tea would you suggest?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Love it!! :-D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post and I love your style of presenting it and connecting the dots to make it easy for anyone to understand.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks, very interessting :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks!!! You are always posting helpful info. I have learned a lot from your posts. Keep them coming. I always vote and resteem!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great write up! Stoked to see. Luckily I dont even look at the USD prices. All We care about is BTC to Steem and SBD!
For Best Results: Re Steem,Follow,Upvote and Comment!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Fairly new to Steemit, I loaded and auto curator as recommended in Steemit Tolls.....at present that shows I have 4.02 SBD pending and I notice my voting power has declined increasingly in proportion to 30.7%. So I am not clear as to the purpose / whether SBD is necessarily a reward. Should I shut my Steemit off for a few days to regain voting power? Thanks!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just voting will nilly wont do much for you. Vote on what you like, resteem what you like. SBD is a stable token you keep. STeem power is locked up for two years as an investment into the company. SBD can be traded for steem in than in a process called powering up used for your curation. I will make a video later explains all this ok! Follow me if you would like, Ill post this evening.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You have a new follower! Thanks again for helping to educate those of us new to the Steemit community - I will support your efforts happily
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes. Thank you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@lanceman Thank you brother. WE really appreciate the feedback. If you ever have any questions we will do our best to help answer them as well. Often we dont know, but we love digging with out paws to find out more!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Voting power is based on 200 votes a week (I think. I might be 40/day which would make it 280). Each time you vote your voting power goes down. Voting power will directly impact post rewards. If you have low steem power and low vote power and upvote a post that makes a ton you won't really earn anything. If you have high steem power when you vote you'll grant that person a large reward and still earn some back, but not if your voting power is spent. If you have less than 2000SP I'm not entirely sure it matters much because we're still talking pennies on average.
Also, @thearcanebear it no longer takes 2 years to get out. I think it's set to 13 weeks now, but it's roughly 3 months.
As for where to vote.. vote wherever you like. It's your page and your account. As for voting on things to make money I would suggest for short term thinking limit your votes to posts you think will earn high rewards so you get a bigger piece of them back. For long term solutions I would suggest voting on posts and comments that you like and who you want to support and in turn be supported by. Those votes can help build relationships especially if you're interacting with people with few followers and/or steem.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you.. that is much helping...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@aggroed well thats great, gonna have to re do some research first before I a video! So glad to hear it only takes 13 weeks now. thats pretty amazing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
how do we know our steem power already fnish
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You have a new follower! Thanks again
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Sure bud! Glad it helped.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Another new follower! Thank you Sir
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
:) someone needs to develop a calculator to be installed in the wallet...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@jesta is doing one better imo.
https://steemit.com/steem-project/@jesta/vessel-pre-release-looking-for-feedback
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Weird question -- where do we report tech issues. I noticed the other day but my computer is lagging. This person wrote it up. We aren't see notifications.
https://steemit.com/steem/@omrusman/steemit-notification-are-not-working-why#comments
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Steemit chat --> #dev. That's my best bet. Maybe #witness.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's so much fun that you figured that out! I was actually thinking it would be a bit less, so you proved me wrong there :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Dude this help me out, i was thinking the same thing i just joined few days ago, loving it so far. Thank you!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I love it when it's more than you thought. More Steem, more cowbell
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thank you very much, i'm new to this site and i'm recomending to others and this will help me to understand too!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very cool to explain it in this way
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The 6% difference can be accounted for by market fluctuation between when the $8.25 was posted to your article and when you looked up the prices.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good read for us newbies. Thanks
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You oughtta get a PhD (and Nobel Prize!) for your efforts! Excellent work and thank you for sharing!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I have a PhD! :)
That's why I thought I'd do this and share it with the peoples (because it's not easy to figure out the first time)!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your post, As a new member of this platform it is imperative to know exactly what's going on as it's basically an add-on to any existing business I currently do and can become a lucrative income stream in itself, so thank you for your easy to understand and follow explanation.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for explaining as I was actually pretty confused !
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Well, hopefully this was clear enough.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very helpful, thanks for posting!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post !! Thank you
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for your support!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Only a pleasure .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Transferred my SBD for the first time about 5 days ago and I was like...
This is DOUBLE! :)
Loved it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you @aggroed :))
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm learning more and more each new post I read. Nice lesson, teach!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Found this very informative. Thanks!! Definitely following.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Looking forward to seeing your theory in action in a few days. It should be a fairly productive payout I'm hoping.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice post, will it however remain at 1.06?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit