If the price of steem goes up my vote is worth more then when price of steem drops.
That is a fact.
But I do not know the formula. Is this lineair?
So I started calculating:
My vote is worth 11 cents at a steemprice of 1.34$
so 1.34$ divided by 11 cents is 12.
So if steemprice would be 5$ ---> 5$ / 12 = worth vote: 41 cents
would this be calculated correctly or does it make no sense?
if steemprice would be 20$ or 50$
----> 20$ / 12 = I could upvote 1.66$
----> 50$ / 12 = I could upvote 4.16$
that means if the amount in the rewardpool is the same as it is know. So just lets assume it is the same.
Does anybody knows if this is correct or got any idea how you must calculate this if this formula is not how it works? Leave a comment it would be very much appreciated!
please resteem to help me find people who know how rise in steemprice would affect upvote!
I don't think it's the case.... bcuz you need at least 30 steem power to vote 0.01 & 90 for 0.02 & for 0.03 .......150 so it's not linear....but it's close & the reward pool is constantly changing last time I checked 0.02 was. 70 sp & that was not long ago.
See https://steemnow.com/upvotecalc.html
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Solid calculations brother! It seems like you are right but would love to get someone from @steemit to officially answer this!
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???
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I never figured out the math. You would also have to figure out how much voting power you have as well. The more you vote, the lower each vote becomes until it recharges back. Hopefully you find out the answer, because I'm curious myself, but too lazy to research.
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Good question @brothermic
I gave you 10% vote on this article. That's 0.48
You had before I voted 0.88 + 0.48 = 1.36
Have given a few voices before you and then, my power was no longer 100%
This is what my power looks like now after I voted for you and the others.
https://steemd.com/@xpilar
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Here's a picture
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Thanx alot.
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That's a great concept. I hope I get to hear an answer.
Thanks for the thought.
Cheers bud.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Mikelélé from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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This post has received a 16.10 % upvote from @booster thanks to: @brothermic.
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@brothermic got you a $1.53 @minnowbooster upgoat, nice! (Image: pixabay.com)
Want a boost? Click here to read more!
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