RE: Despite a strange payout snafu, @winstonwolfe is NOT going to flip his script about Steemit!!

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Despite a strange payout snafu, @winstonwolfe is NOT going to flip his script about Steemit!!

in steemit •  9 years ago 

Interesting, as I watch a post drop a few cents. I wish that the way posts are monetized was explained more clearly. I still don't even know how a post can have 1 vote for hundreds of dollars, yet this post has 47 votes for a penny.

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Pretty much anything being posted in the #steemit section is getting automatically upvoted by bots who have nearly zero Steem Power. Therefore, dozens of bot votes = very little earned.

How the rewards work is explained in several places. Have a look here.

https://steem.io/getinvolved/posting-rewards/

You can also reference the Steem White Paper directly off the main site.

https://steem.io/#whitepaper

EDIT: As for why a post can have a bazillion votes and zero payout, and what the consequences are, you can read my article here.

https://steemit.com/steem/@sndphoenix/the-bot-legions-reigns-or-why-steemit-desperately-needs-honest-human-content-curation

  ·  9 years ago (edited)

It's about Upvoting correctly. Use Steemd.com/@yourusername and track your stats, live. Experiment with Upvoting different posts of value. Go back to steemd each time, immediately and refresh to see the data. Again everyone's payout power is valued by how much Steem Power and Voting Power you own at the time of the Upvote too.. So there's a lot that plays into this. You'll see some of your votes drop someone's current payout down or rise, immediately. Some of your votes will not adjust the payout at all..