A little heads up: 1 million VESTS is currently at 499.685 STEEM and will soon exceed 500 STEEM.
When describing the relation between VESTS and Steem Power most users just round up 1 million VESTS to 500 Steem Power — which is close enough in most cases.
In reality 1 million VESTS is less then 500 Steem Power.
However VESTS are getting constantly more expensive so this will soon change. Soon 1 million VESTS will be more then 500 Steem Power.
Maybe we should have a little party as I think this a a little landmark.
If you want to know how to correctly convert VESTS and STEEM read Using Steem-API with Ruby Part 4 — Convert VESTS ⇔ Steem
1000000.000000 VESTS = 499.685 STEEM
10000000.000000 VESTS = 4996.849 STEEM
100000000.000000 VESTS = 49968.495 STEEM
1000000000.000000 VESTS = 499684.946 STEEM
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