As you already noticed, since a few weeks ago the rewards on Steemit are coming in 3 different types of currencies: STEEM, SBD and STEEM Power. This is closer to the initial model the platform was built with and it is a consequence of the price feed bias adjustment from the witnesses.

I won't rephrase the details about the price feed bias, suffice to say, for the purpose of this article, that if the average price feed bias submitted by witnesses is over 0%, then more SBD than STEEM is printed (hence more SBD will make it into the rewards pool). If it's 0%, then the rewards are split like this: 25% STEEM, 25% SBD and 50% STEEM Power.

But how much, in percentages, are you getting now in terms of STEEM / SBD?

Let's have a look at this, using this example from a post of mine, cashed out a few hours ago:

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So, knowing that we get 50% in STEEM Power, we already infer that 3.682 STEEM represents 50% of the entire payout.

But now we're having 0.387 STEEM and 5.649 SBD to account for the remaining 50%. Hmmm, how to calculate this?

Well, we first deduct the 0.387 STEEM from the 50% received in STEEM Power:

3.682 - 0.387 = 3.295 equivalent of STEEM.

So we now have 3.295 STEEM which is paid as 5.649 SBD.

In order to find out the price at which the conversion is made, we simply divide the SBD to the STEEM:

5.649 / 3.295 = 1.71

That 1.71 is actually USD and it came after we divided the number of SBD to STEEM, as stated in the whitepaper, where it says "1 SBD is equal 1 dollar worth of STEEM". So we got that STEEM at a $1.71 per STEEM, which is pretty much in sync with what we get if we look back on Coinmarketcap, for the day the article was published:

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So as you can see, this calculation is made under the assumption that 1 SBD is equal 1 dollar worth of STEEM, or, in other words, under the assumption that the peg is holding.

But how much you get in percentages?

Well, it's a simple third grade calculation based on the percentages we already know (i.e. STEEM Power represents 50%):

(0.387 * 50)/3.682 = 5.25%

The rest of 44.75% (until we reach the same 50% level) is paid in SBD as if 1 SBD would equal 1 dollar worth of STEEM.

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I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.

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Wanna know when you're getting paid?

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