RE: Steem Basic Income - Weekly Voting Distribution (12 May 2018)

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Steem Basic Income - Weekly Voting Distribution (12 May 2018)

in steembasicincome •  7 years ago 

Sounds like headache.
Overall I think everyone would say a sustainable investment is the best.
However the best way to draw people in is to show a high ROI. When steem increases in price that will help sustaine ROI at a lower rate of SP. However this will have a the affect of making each share a lot more expensive driving down the amount of new shares created.
I dont envy the task that you have given yourself but I am greatful you have.

The best way i can see out of the over priceing problem is to have upper and lower tier pools. The upper pools being 1 steem each sharw and the lower pools set out at verious increments making it more attractive if the price of steem rockets.

Keep up the good work

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There's quite a lot to juggle. Hopefully we can pick up our development pace again soon so I can focus more on the financial and growth aspects and have less bookkeeping to manage!

On another note I have 280 shares at the time of writing this. The average return per week per share being 0.04. I also have 100% bonus.
So 280 x 2 = 560
560 x 0.04 = 22.40
I post once a day.
22.40 / 7 = 3.20
I dont recieve anywhere near this. Its at least $1 short of that amount.
Is this a calculation error or am i missing a bit of info.

As with all investment I like to check that its running ok.

Is your calculation based on UI value or is it USD? I will add some digits of precision to the sheet to check for rounding too.

I calculated it on usd from the form and the reward recieved after voting.

These add up to 2.06 (UI value). User keeps about 80% at the times we typically upvote, which would be 1.648. That's USD$0.824 worth of STEEM and 0.824 SBD. With SBD at 2.34963, total value is $2.76. That's definitely lower than I would expect.
I know that pool 4 is overweighted (which I'm working on fixing). I will check out the impact its overweight has on the other pools and see what I can do to resolve the imbalance more quickly.

Sounds good.

I know its a lot to juggle and appropriate what you do. I cant imagine the amount of time its taking for you to manage this manually.
Its hard to judge the exact amount of returns as sp changes and voting power depends on whos posted. Its fair to say that the returns will be fluid. Up one day and down on another.
The main thing i would like to do is to track the returns made from sbi. Im not sure if there is an app that can track the price from the upvotes recieved.

Either way I'm in this for the long haul and will continue to try to increase my shares daily. Plus its a great way to help others to invest as I am doing with @rogz06 ( my aunt)