SelfVoting ROI - Evil Calculations

in voting •  7 years ago 

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Hi Steemians,

In my previous post we talked about Smartly Investing in Steem Network for best ROI.

Today I will discuss about the most controversial topic which is SelfVoting.
I will try to calculate the possible ROI if you want to be a self voter.

Let's jump directly to the calculations.

Let's assume that we have 1000 SteemPower
A single upvote at 96% VP will be somewhere around 0.19.

Keeping aside the curation reward let's say you vote yourself 8 times in 24 hours and rest of the votes you give to the community i.e, 2 votes.

0.19 ×8= 1.52
That is 1.52 daily

1.52×365= 554.8

Now let's break it into steem and Sbd.

554.8 ÷ 2 = 277.4 SBD
277.4 ÷ 3 = 92.4 SP (assuming the steem price @ 3$)

The payout we get is 277.4 SBD and 92.4 SP.

Now let's convert SBD to Steem as well, because our initial investment is in Steem or SP.

277.4 ÷ 1.5 = 184.93 Steem ( based on today's market rate)

Our final payout is 184.93 + 92.4 = 277.3

This is approx 27.73 % APR. Which is great.

But SelfVoting as stated earlier is most controversial topic i also don't encourage selfvoting specially if you have a big account.

Rest is up to the stake holders because this is how steem ecosystem is designed.

What is your idea about these calculations? Let me know in the comments.

Thanks for Reading.

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