Research in progress (Part 3)

in sbd •  6 years ago 

This time I have made a simple table which calculates the % of SBD/STEEM that should be printed.

I think I'll need a few more calculations to conclude this spreadsheet. It is not going to be a sophisticated thing however I hope that it becomes good enough to have a full picture of the landscape.

calculations3.png

sbd steem printing
6 years ago by

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      ·  6 years ago 

    Big effort brother, go ahead very useful what you do.

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      [-]
        ·  6 years ago 

      Thank you very much for the delegation of power. Now I will be able to increase the vote for the comments and post. I am really very grateful.

      By the way, what is this Excel sheet for? What do you calculate with it? How does a post get its reward?

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        [-]
          ·  6 years ago 

        Hi jadams2k18!

        The spreadsheet is to calculate the % of SBD/STEEm that is printed (created). for example, there are $5000 to be distributed as rewards: 50% is distributed as SP and the remaining 50% is distributed as STeem or SBD, depending on the debt ratio.

        As far as I know, post's rewards depend on votes and the weight of the vote. You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

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          [-]
            ·  6 years ago 

          Rewards come from inflation

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            [-]
              ·  6 years ago 

            How so? And excuse the questioner.

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              [-]
                ·  6 years ago 

              Every time a block is created, steem is created too. New steem are distributed to witnesses, authors and curators (or bots, jajaa)

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                  ·  6 years ago 

                I see, so that's how STEEMs are born.

                I've never really been interested in knowing where they came from til now

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                  [-]
                    ·  6 years ago 

                  This is from the blue paper:

                  The rate that new tokens are generated was set to 9.5% per year starting in December 2016,
                  and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation
                  will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5
                  years.
                  Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens
                  compose the “rewards pool” which are distributed to content creators and content curators.
                  15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block
                  producers cooperating inside Steem’s DPoS consensus protocol.

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                    [-]
                      ·  6 years ago 

                    This means that there is a fixed amount of STEEM to be created up to 20 years from now. And most of it is for rewards. Nice!

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                      [-]
                        ·  6 years ago 

                      You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

                      I can usually see it before the 7 days are up, but in the end you get less than you expect.

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                        [-]
                          ·  6 years ago 

                        The amount that you see is an estimation in terms of SBD and changes daily.

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                          [-]
                            ·  6 years ago 

                          No wonder there's so much difference between reality and what's estimated

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                            [-]
                              ·  6 years ago 

                            I think i made a mistake. According to this article, what you see in your post is not SBD but STU (Steem tokens units). There is detailed explanation in that post.

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                              1 vote
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                                ·  6 years ago 

                              Thanks

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