Short answer: we don't know because it depends on future prices of STEEM, but... we can find the earliest time that it's possible. The earliest possible time is Thursday around 8am GMT.
First, here are the thresholds (assuming no coding errors or misunderstandings on my part):
Price: $ 0.2180
STEEM supply: 496539914
SBD supply (cap): 12520066
STEEM Market Cap (calculated): 108245701
SBD supply (cap) / STEEM CAP: 0.1157
SBD print rate: 0 (calculated), 0 (queried)
Lower threshold: 0.252146
Upper threshold: 0.280162
So, when/if the median price of STEEM reaches 0.252, SBDs would start printing again, and when/if the median price of STEEM reaches 0.280, liquid STEEM would stop paying in post payouts. All liquid rewards would come in the form of SBD. Between 0.252 and 0.280, the liquid rewards come in a mix of SBD and STEEM. So, how long will it take before SBDs might start printing?
The current price feed is below, in sorted order and numbered (collected at 1358 GMT). The price feed has 84 entries (3 1/2 days), collected hourly, so if we sort the list, the 42nd and 43rd entries would have to average to a value above 0.252.
As you can see, the only value that is 0.252 or above is the last entry, slot #84. So, that value needs to be matched by another one that's above 0.252, and both need to advance from position number 84 to positions 42 and 43.
In short, if STEEM holds its current price, the earliest that SBDs might start printing again is in about 42 hours (1 3/4 days), or Thursday at about 8am GMT. Of course, if STEEM falls below $0.252 again, it will take longer - and it might not even happen.
Here is a bash command to refresh the price feed:
curl -s --data '{"jsonrpc":"2.0", "method":"condenser_api.get_feed_history", "params":[], "id":1}' https://api.upvu.org | jq -Src '.result.price_history[] | .base, .quote' | sed -n '$!N;s/\n/ /g;p;d' | awk '{print $1}' | sort -n | cat -n
1 0.198 2 0.200 3 0.204 4 0.204 5 0.207 6 0.208 7 0.208 8 0.208 9 0.208 10 0.208 11 0.209 12 0.209 13 0.209 14 0.209 15 0.210 16 0.210 17 0.210 18 0.210 19 0.211 20 0.211 21 0.211 22 0.212 23 0.213 24 0.213 25 0.213 26 0.213 27 0.213 28 0.214 29 0.215 30 0.215 31 0.215 32 0.216 33 0.216 34 0.216 35 0.216 36 0.217 37 0.217 38 0.217 39 0.217 40 0.217 41 0.218
42 0.218 <<<- Median values
43 0.218 <<<- Median values44 0.219 45 0.219 46 0.220 47 0.220 48 0.220 49 0.220 50 0.220 51 0.221 52 0.221 53 0.222 54 0.222 55 0.223 56 0.223 57 0.225 58 0.226 59 0.226 60 0.226 61 0.227 62 0.227 63 0.228 64 0.228 65 0.228 66 0.228 67 0.228 68 0.229 69 0.230 70 0.230 71 0.230 72 0.238 73 0.238 74 0.239 75 0.239 76 0.241 77 0.241 78 0.241 79 0.242 80 0.242 81 0.246 82 0.248 83 0.250 84 0.252
Thanks for this helpful info on SBD rewards, and for the curl code so we can track that median Steem price ourselves!
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You're welcome. TBH, I'm surprised that the price is still holding above $0.252. I figured it would drop back down again quickly. We'll see what happens in the next day or so...
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The price was doing so well, until that crash back to 21 cents.
I tried the curl on Windows but it didn't know what "jQ" was, after the first pipe. I'll try it on Linux if I get a chance.
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Oh, right, I forgot about that. Even some linux versions require jq to be downloaded separately. I don't know if Windows PowerShell has an equivalent command... Maybe I'll see if I can find a similar windows command for future reference.
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I also keep having the same question, when will SBD be printed again and I also don't understand about TRX distribution which has been stopped for several months.
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Yeah, I don't know anything about the TRX distribution, but at least it's easy enough to understand what's going on with the SBDs. As described above, if the STEEM price holds above $0.252 for about 42 hours, I think that SBDs should start printing again.
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Yes, I agree with you and we'll just have to wait and see if the value continues to hold.
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Yes, I think too:
My last logging is (at local time):
Which is Thursday at 9am GMT ... If all prices are above the treshold until then.
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It's slid back by a couple of hours, but so far, it's still basically on track. It's hard to think that a 7-day, 58% gain (without any news to explain it) will be able to hold for the long term, but with the traction that BTC has been gaining, I suppose it's not impossible. I wasn't actually expecting it to hold for this long. We'll see...
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Yes. Unfortunately, it didn't hold either:
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Yeah. It felt "to good to be true", but I was still hoping. Too bad, I was really hoping to be able to see how the daily STEEM production numbers changed if STEEM held above the thresholds, since that would reduce the size of the virtual supply.
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If the STEEM price continues like this over the next few hours, tomorrow could be the day...
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its been a year since SBD printed. What has to happen for the Steem price to increase?
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With the daily production of new STEEM peaking
inby February and the BTC halving coming in April, my guess is that SBDs will start printing again within 6-12 months - at least temporarily. Unfortunately, though, all we can do is guess.Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Excellent post. Well explained
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It looks like it will be printed this time if Steem doesn't fall hard. Generally, when the Steem price increased, they also increased the SBD price. This time the SBD price did not rise enough. SBD distribution will begin soon, but this time the SBD price will drop significantly.
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Yeah, we're a day closer, and the bottom hasn't fallen out yet...
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