What makes Voting Power increase?
Great explanation from @nurev . Thank you so much!
Power decreases with each vote. Voting frequently in a small amount of time increases the rate at which voting power decays and it recovers slowly after a period of not voting. How much the power decreases and how long it takes to build up again depends on the number of votes during a given period of time. You can view the percent of your voting power at any time at steemd.com/@yourusername
I am a confused steemian seeking better knowledge of the platform and I would appreciate any feedback you can provide.
To be more specific, does voting power stay at 100% for the first 20 votes and then decline after that?
Is it wise to vote until the voting power is down to 50% and then let it rise back up, or should you stop the second it drops just a little from 100%?
And what is the deal with waiting until a post has been live for 30 minutes before upvoting it to receive 50% of it's earnings? Am I correct about this concept. Is it true that if you upvote a post as soon as it's live the author receives 100% of the earnings?
All these rules make me feel like Steemit is already the highest paying video game in the world.
Stay Steeming. May all your steem be fire.
@dudutaulois @nurev
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The amount of Steem Power you hold determines you voting power.. Voting frquently dereases your power(<20 votes recommended in 24 hours).
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If I vote less than 20 I loose power?
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Power decreases with each vote. Voting frequently in a small amount of time increases the rate at which voting power decays and it recovers slowly after a period of not voting. How much the power decreases and how long it takes to build up again depends on the number of votes during a given period of time. You can view the percent of your voting power at any time at steemd.com/@dudutaulois.
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Thank you so much! Now I got it right. I was doing some experiments on voting to check how it works and didn't realize the time between votes affect it.
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@nurev can I add this piece of information in my post with credits for you?
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sure. don't even need credit, all of the information is available on the whitepaper.
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voting power resets after 24 hours, I believe.
someone correct me if Im wrong
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I see mine going up and down all the time during 24h period. I still not sure what control it.
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How long does it take for voting power to go back up?
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What happens if I decided to Unvote? Will it give me back the voting power?
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No it does not as I've experienced it myself.
Also reading about it here after it happend: https://beta.chainbb.com/steemit/@oflyhigh/important-tips-interesting-thing-you-need-must-to-know-about-un-vote-by-oflyhigh
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It is very good information. I am really searching for such information. Thanks for your clarification.
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