How to calculate SteemPower growth

beervangeer (59) in steemit • 9 years ago

Can someone explain us how to calculate the interest rate progression of the SteemPower on our accounts?

I see that people just look at the changes on their wallet page.

But if there is some exponential function, relatively to your balance, than it's not a accurate way to give inside into the growth.

Please HELP!

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9 years ago by beervangeer (59)

$1.16

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samupaha (66) · 9 years ago

Go to your steemd-page to see how many vests you have: https://steemd.com/@beervangeer

One million vests equals to one SP. From steemd.com mainpage you can see how much is the exchange rate for SP to steem.
https://steemd.com -> steem_per_mvests (mvests = one million vests = one SP)

Currently it's 206.286 which means that you get that amount of steem for one SP.

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beervangeer (59) · 9 years ago

But what does this say about the growth? How can we see what the daily growth % is on our SP?

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testz (65) · 9 years ago

Because steem_per_mvests growth at https://steemit.com you can see that your Steem Power growth because https://steemit.com shows it in STEEMs, but real SP value still same, if you want to know your real SP please check here: https://steemd.com/@beervangeer

SP doesn't grows dayly automatically, it's grows only when you receives rewards for your posts or your curation, and looks like:

beervangeer author reward: 51.743 SBD and 1.058M VESTS for @beervangeer/what-when-steemit-hits-africa… 18 hours ago

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beervangeer (59) · 9 years ago

im not talking about the rewards. the SP is also growing, even when you are not active, but just holding SP

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samupaha (66) · 9 years ago

steem_per_mvests is growing constantly. Every day you will get a little bit more steem for your SP.

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beervangeer (59) · 9 years ago

yes i can see that, but HOW fast and how much , thats te question

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samupaha (66) · 9 years ago

From the whitepaper:

Because Steem wants to encourage long-term growth, it is hardwired to allocate 9 STEEM to Steem Power (SP) stakeholders for every 1 STEEM it creates to fund growth through contribution incentives. Over time this drives the ratio of the total STEEM value of Steem Power balances to the total of STEEM balances toward 9:1 . (It seems likely that the ratio will be somewhat greater than 9:1 due to continued net Powering Up of the newly printed STEEM.) It also means that long-term holders are almost completely protected from the dilution used to fund growth

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beervangeer (59) · 9 years ago

Reply from Slack:

pharesim [4:16 PM]
the rate depends on how much liquid steem there is in relation to powered up steem. for every 1 steem created for rewards, 9 are put in the "power pool"

[4:18]
so the more steem are powered up, the slower the growth for each individual holder

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picayunerob (25) · 8 years ago

I also have lots of questions is there some sort of chart to view?

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