First off I want to say that I'm not interested in upvotes for this post (that is not my intention) but rather the knowledge to know how Steemit operates. I think a majority of people have the same question.
Specifically the payout math per post. Is there a formula? Can anyone explain the payout per post?
I've been researching this topic for a few days now to understand the very mysterious Steemit payout system and I have to admit that I'm more confused now than before. I and others would like to hear from Steemians in the know.
Please resteem to your peers so we can get some solid explanations from those with the knowledge.
I thank you in advance for all comments or points in a direction to research / learn
This is the best explication:
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Saw that, but the question is: How much does it cost Steemit to maintain the peg?
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The currency is being created so the more it's used and valued the more the currency is worth so essentially they're making money.
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Thanks I will watch
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Dont worry about money, just be happy with what you are doing ,its better to not focus on money in life ( sure you need to make a living) but money also brings most problems in life.
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Found this: https://steemit.com/steemit/@lurker1/step-by-step-how-to-cash-out-your-steemit-earnings-to-usd
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Thanks @finkavenue but I'm more interested in how the actual payout system works. I mean how do you know the math behind a payout per post? I may not have made that clear initially. We see theses numbers big payout per post and just wanted a explanation on the math behind that topic.
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You mean the algorithm behind the reputation, trending, votes, and Steem power? I have no clue, still trying to figure it out myself lol.
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...and how all that creates the value of a post?
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I think it's all about quality, and getting people with high reputation to resteem your posts.
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Yes
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