We know rewards are going down because rewardpool was getting drained. I saw a few charts and I think I might decide we are reaching an equilibrium right? Or will the reward pool slowly go down further and rewards dropping?
However since yesterday the rewardpool is'nt that much drained but the rewards when down like 30%?
So Steemprice has something to do with it? However the steemprice was lower yesterday and the day before so does that mean that there is calculated an average steemprice for some days and then it start to affect payouts? Does someone know this?
Another question I have is how hard does steemprice affects the upvotereward? I could upvote 36 cents after hf 19. Now I am down to 12 cents at full power...
Imagen you can upvote 1$ at 100% with 100% power and price of steem is 1$. What would be your upvote worth if steemprice is 2$, 5$ or 10$? How hard does steemprice affects rewards and how does this work? Hoping to get us some answers here from more experienced steemians.
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Steem price has nothing to do with it
its the amount of people that join steemit that affect the price
if we have thousands of new people each day, the rewards get distriibuted amongst them as well, lowering the money for everyone else
my posts are falling rapidly all the time because of it, i had one post that was $25, within 6 days it was down to $11
the more people on the platform the less money for everyone , just how things are
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No wonder they make sure to check who's joining the platform. Just to slow down the pool when you think about it which makes me wonder if telling so many about this was a mistake. Not sure what to think about this going forward considering how hot this site has gotten recently. People say to hold on but I'm sure many people would feel like they ain't got time to wait around for something to get better.
So with some cashing out and others just losing faith in the platform, that's a bad combination yo!
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I was told that the price of steem does something has to do with it. So if your post is saying that it's because of the amount of users... Then in the furute there wont be much to earn? How are they gonna handle this @moderninvestor
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Unfortunately this kind of reward works best with money coming in as well as going out. Right now theres an unbalance with more people cashing out than investing. I'm one of them, only because I live in a country where I can't simply purchase BTC. If I could, though, I'd invest every penny on steem
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Thanks for posting a very good question!
Its good to know knowledge!
Cheers & God Bless!
Nat & Nelly :)
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Great Question Id like to know this as well.
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When i join the community there were over 2 million steemit users now its over 20 million steemit user. This effect entire reward pool.
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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, and someguy123. 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.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
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This latest post of mine
https://steemit.com/urbanlegendflash30/@arekwolf/short-story-about-game-addiction-law-and-beer-and-murder-urban-legend-flash-fiction-contest
accumulated about $390 at one point. Three days + 40 more votes later it became $272.60 and it keeps steadily slipping down. It was an unexpected surprise to me.
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Just a tip next time use these commands around you pic <center.> Picture goes here </center.>
Take out the periods
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