Maximize Your Curating Income

in steem •  9 years ago 

Some tricks to increase curating income

1. Votes 20+ times everyday

There is a hard coded limit that every vote consumes up to 5% of an account's daily voting power. Voting power recovers linearly in 24 hours. So in order to maximize the use of your voting power, you need to vote for at least 20 times a day, every time with 100% power (default percent in GUI is likely 1%, which means you need to vote 2000 times to use up your daily power).

2. Vote for the posts which have most up-votes already

Reward of a post is weighted by net-positive-votes * net-positive-votes. So it's likely that voting on a post which already has high net-votes will bring you more reward.

3. Never down-voting

If a post has negative votes, it will get no reward, so the curators will get nothing.

4. To be continued..

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The OP has this wrong, do not follow its advice or you will actually minimize your curation rewards rather than maximize them.

Here is my post outlining how to maximize your curation rewards.

I'd argue that it's not totally wrong.

Reward of a post is weighted by net-positive-votes * net-positive-votes. So it’s likely that voting on a post which already has high net-votes will bring you more reward.

So there's actually no incentive to find quality content and be the first to upvote it, but only to enforce the status-quo? That's bad. Is it by design or by accident?

That is my observation too. I hope this is not going to be the case.

I thought if you were first to upvote you gained more, is that not the case? You were the "curator" (or the original one) so to speak.

  ·  9 years ago (edited)

//Update:
It turns out that only the 3rd point is correct -- never down-voting.
The 1st point is incorrect due to misunderstanding of some code.
The 2nd point is incorrect due to haven't read the reward splitting code.

By the way, I didn't update OP since it has got some positive votes already. In addition, @dantheman posted another dedicated post to compete with my post and is getting unfair advantage -- instead of posting as a reply to my post, which made it much less benefit for me to update OP. Even if OP got negative voted at last, I'd rather write a new post to correct it.

------- Original post is below -----------

If I understood the code correctly, the first up-vote won't earn more than others. It's all about concentrating powers.

I'm not sure where I read that being first was beneficial, or if I even read it, or if I just inferred that from something I read.

Everyone who votes the post up is a curator. The greater percentage increase in total votes your vote adds, the larger the share of the curator rewards you get. -dantheman

Above is the latest quote I can find concerning curators. I hope dantheman can clear it up for us all. The source to the above quote is here ... https://steemit.com/steem/@dantheman/how-to-interpret-steemits-post-valuations ... but I'm not really following all of it just yet. I'm still trying to wrap my head around what's being said in that post and whether or not being first has any benefit whatsoever.

  ·  9 years ago (edited)

Does this mean that it can lead to gaming situation since a post with a higher upvote count will always get more upvotes (other users want to maximise gain from their upvotes) while those posts with lower upvote count would be skipped or ignored (even if their content is better and users originally wanted to upvote based on the better content)?

And in addition the quality / payout is exponential = disproportional

  ·  9 years ago Reveal Comment