Steemit Strategies - Understanding Curation Rewards
Curation Rewards Have You Confused? Let Me Help
Short post for today, but an important one. Yesterday, I posted about how to maximize the use of comments in building your accounts on Steemit and especially improving your engagement/network in the process. Upon reading through many of the comments, I realized that many people are very confused, misinformed, or outright clueless when it comes to Curation Rewards.
They Should Be!
Curation Rewards are a rabbit hole within the rabbit hole that is Steemit. There are so many factors that go into the curation rewards of a normal post (not a comment) that even some of the brightest people I know on Steemit are a bit confused on how to maximize curation.
To illustrate this point - A really smart guy @crokkon ran a series of tests last December to see how efficient the very best curators on Steemit were in choosing when and where to place their upvotes. He found that even the curation experts at @curie were only 66% efficient in their upvotes meaning they could have improved their rewards by 34%. Here is @crokkon's post if you'd like to take a look.
Here is the plan for this post so you can jump around if you like.
- Basics of Curation Explained as Simply as I Could Muster
- Strategies for Low SP Steemians (less than 100 SP)
- Strategies for Steemians with more than 100 SP
- Strategies for Steemians with more than 500 SP
- Some Conclusions and a Recap
Some Basics on Curation
There are some really good posts out there (most of which are many months old) that work at explaining this complex topic. The best I've found was put together by @gmichelbkk about 3 months ago. He does a good job of explaining the process simply. Here is the link to his post.
Of course, I know that you all have busy lives and you are counting on me to give you some strategies to maximize your effort so, I'm going to give some basics on the basics for you here. Then I'm going to talk about strategies for 3 different types of Steemians.
I know you were all told about 25% rewards just for upvoting content and while it is true that 25% of the total amount of a post is paid in curation rewards, it doesn't mean that you get an equal share. In fact, most people get about 12.5%. I mentioned this yesterday on my post.
On regular posts (not comments), any upvote of a post that takes place BEFORE 30 minutes after the post hits Steemit will give part of the curation to the author. Yes, if you vote before 30 minutes you will lose some curation rewards. The matrix for this is from 100% to 0% with 15 minutes being the median of 50%.
For example - You upvote my post at 15 minutes and you are the FIRST person to upvote that post. Also, you are the only person to upvote that post. You will give 50% of your curation rewards to the author. If you were the only upvoter and voted at 30 minutes, you would get 100% of the curation rewards, which would be 25% of the value of your vote.
IMPORTANT - You don't get 25% of the value of posts you vote on. You get YOUR SHARE of 25% of the value on the post when it pays out in 7 days. I think many people misunderstand this principal.
Example 2 - If you are the ONLY upvoter on a post and you upvote it for a 1.00 upvote (I know most of you don't have this kind of SP, but just for an example), you will get your share of 25% of the posts payout. That means your $1.00 vote will get you .25 if you voted at 30 minutes or after AND you were the only voter.
It would be nice if this was the only parameter by which we needed to calculate. Unfortunately, there is a factor based on the position that you voted on the post. People who vote early get more rewards than people who vote later. In fact their percentage of the curation reward can be significantly higher than 25% of their voting power. This can be very cool if you are timing your votes correctly and getting your votes in before the Big Dogs or Whales come in and upvote.
For some very cool examples of how this works, you can visit a post done by a SUPER Smart guys @miniature-tiger. Here is his post
However, here is the example I gave in post yesterday where my friend @krusper upvoted my comment and then I came in later and upvoted it for an amount like 50 times greater than his upvote.
My comment with 2 upvotes, @krusper was first with an upvote of .003 and I was second with .325
My Curation Rewards
His Curation Rewards
Intuitively, everyone wants to think that somehow I stole his curation rewards, but that isn't the case at all. Actually, he got some of my curation rewards because I was late to the party and he was first.
In this example, @krusper gained extra curation because he voted first and I came along and upvoted for a lot more later. In fact, his curation was 66% of the value of his upvote of .003. In most cases he would have been lucky to get .001. So being early to the party on a good paying post helps especially if you can beat HUGE upvoters like bots and whales.
However, if you vote too early (before 30 minutes), you risk giving a lot of your rewards to the author of the post. So, where is the "sweetspot". That is difficult to say. Remember, the best of the best in curating only get it right about 66% percent of the time. Which means they are leaving money on the table. Therefore, it isn't likely that you're going to do much better and that is why I have some strategies for you.
Curation Strategies for Low SP Steemians
These are strategies that I would employ if I was in your situation at this level of SP. Take this advice or leave it. Better yet, if you have a better idea, share with me in the comments and we can see what improvements we might make.
- Don't waste your time or your precious votes chasing curation rewards at all!
- Upvote comments on your posts or your comments if you think they will reach .03 payouts. The reason for this is because time makes no difference on comments and it's easy to be first. If you're right and the comment gets about .03, then you will gain some extra curation. If you're wrong, you at least made a positive gesture to the person who commented on your post or comment.
- Use your upvotes like they are GOLD. You only get 70 - 75 of them a week at full VP. They are precious and should not be wasted by throwing them around the platform like a Marine in a strip club.
- Don't use curation trails. What? Everyone tells me to use their curation trail and I'll make MEGA money in curation. No you won't. Period. No. You need your precious little votes to make friends and build your network. You can join a curation trail when you have 500 SP or more.
- Upvote people that you know will share the love back. See my article form yesterday on how to do this effectively.
More Than 100 SP but Less than 500 SP
Somewhere around 150 SP you're going to get to .03 VP so your risk of getting "dusted" decreases significantly. However, don't get too excited like I did and hit the strip clubs as referenced earlier. Even at .03 your total upvotes at 100% for the week add up to $2.19 (73 votes approximately). Usually around this time, I see people getting all altruistic and wanting to share the love blah, blah, blah. Don't fool yourself. You've got nothing special yet. You need more friends and more SP. Play the game just like you were at less than 100 SP. You will grow your network of friends and thank me later.
One exception to this. At this point, you should be using some of your income to make more income. I suggest joining @qurator if your stuff is actually good, readable, and good quality. If you're wondering about it, then go their Discord and just ask them to take a quick look. Joining @qurator at this point in your adventure is a great step because of the daily upvotes. More strategies like this later in the week.
Also, around 250 SP, you should definitely be self-voting all your posts immediately at publication. If you have any sort of a network or following, they are going to be upvoting you automatically. Don't let yourself be 2nd or worse on your own posts.
WooHoo! You've hit 500 SP
Party like a Rock Star! Uh, no. Celebrate with beer here and not champagne and, yes, strippers. You have reached a cool milestone and now you need to change your curation habits.
Currently 500 SP gets you about a .12 upvote. Even better is the ability to use the slider if you're not doing it on Steemworld already (see my post on Steemworld - here
- Self Vote your posts immediately. You should be used to this by now and hopefully you've learned to deal with the guilt trips laid on you by the purists. You should be using about 1/4 to 1/3 of your VP on yourself.
- Use Steemauto to automatically upvote people you know and like (and that ALWAYS put out good content). Set your time on the auto vote for between 22 - 29 minutes (maybe earlier so monitor this). In this way, you are going to get good curation rewards because these people get good payouts. Check weekly to see if others are beating you to the upvote and adjust your times accordingly.
- Upvote all your commenters to .03. I can't stress this enough. Once they see that it has hit .03, they can sneak in their own paltry upvote and you both get paid (you more than them as a percentage). This will also, help you earn curation while making friends and building your network.
- Don't follow a Curation Trail yet until you get to about 750 or more SP and even then there are some other options that pay much better than curation trails. Again, don't believe them when they tell you how you're going to make so much in curation. You aren't. It isn't going to happen. Get over it.
- Increase you auto votes on communities that you support to a higher percentage. These community posts such as The Daily Curator or Read ASAP are always going to get decent rewards. If you increase their vote percentage and your timing has been refined, you will make some better curation while looking like a big supporter. Win/Win.
Concluding Remarks
Here is a link to a curation calculator that @yabarmatt at Steembottracker made. I don't use it, but I'm sure it might be useful because he's a great guy with a lot of intelligence. Can't imagine he'd bother making it if it was useless. - curation calculator
You can make some good results on curation, but at the beginning it really isn't worth chasing. Focus on building your network of friends, getting familiar with the tools, and making great content and comments. If you don't believe me on how little curation matters early on, look at my lifetime curation rewards and this last month. You'll see that I made more than 90% of my lifetime curation in the last 30 days.
Focus on 100 SP, then 250 SP, then 500 SP. After that you can be more flexible with your money (upvotes). Until then, spend it wisely.
All the best to everyone. Remember that quality comments get quality upvotes from me - every one of them.
Like this article? Please resteem, upvote and comment.
Don't like it? Comment and tell me why. Let's discuss it.
All intelligent comments get an upvote for effort (even if I disagree).
Send me a copy of one of your posts and I will try to read it quickly.
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You got a 12.50% Upvote and Resteem from @ebargains, as well as upvotes from our curation trail followers!
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50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | Custom Amount
You will earn 80% of the voting service's earnings based on your delegated SP's prorated share of the service's SP pool daily! That is up to 38.5% APR! You can also undelegate at anytime.
We are also a very profitable curation trail leader on https://steemauto.com/. Follow @ebargains today and earn more on curation rewards!
Thanks for the mention, great write-up!
However, I strongly disagree on the self-voting advises :( Don't vote for yourself, especially not on comments. If your comment is valuable, others will vote for it. You can only give out 10 100% votes per day without draining your VP in the long run. Give your votes to authors who deserve it, there are plenty of them on Steem. Help a minnow to grow Steem in the long run, instead of helping only your own wallet. Be a good example of "how proof-of-brain" can work.
HUGE thanks for stopping by and commenting. I am glad that you saw that your work is still appreciated and useful even a few months later. I was so glad that I found your post after searching for so long to find good info on this topic. Thanks for doing so much of the leg work for me in advance.
I understand the sentiments on "proof of brain" and I agree that value in comments "should" get upvoted on their own. Unfortunately, in practice I have found that very few of my comments get responses or upvotes on posts where I don't have an established relationship with the author. The trick, of course, is to develop that relationship. Many of the folks in my target audience get absolutely no attention for their posts and many of them are good (if not not great). This mostly comes from the fact that a quick look at their Wallet shows they have zero and therefore they aren't interesting. Altruism comes with stability and these folks need stability of payouts so that they can justify staying on the platform. I upvote my comments for two reasons. One, is that I increase my curation/author rewards. Two, is that many of my followers want to upvote my comments and usually do, but fear it is a waste of their upvote because of "dust". My upvote actually gives them a curation reward and a better one at that.
My brother owns an Italian restaurant that does fairly well. He takes his family there for dinner at least once a week. Why, because his money goes right back into his own pocket. Should he spend that money at other restaurants? Of course not. I don't see Steem as any different. I'm my biggest fan.
In terms of growing Steemit and Steem, I am invested in both. That means I intend to get a return on my investment. Keep in mind that if I don't make enough return on my time here, I won't be here at all helping anyone, I would just delegate my SP to some vote-bot and spend my time in some other venture while gaining passive income.
The purist idea of not self-voting might be great for someone that blogs full-time and has few outside responsibilities, but that is the exception and not the norm (not here or anywhere else). I share the better part of my time and nearly half of my SP helping others here. I think it is a good mix and one that I can live with. I know that doesn't sit well with some folks and I don't fault them for their thoughts on the matter. To each his own.
Thanks for reminding me that the 100% upvote power is somewhere between 10 and 11 a day. For some reason, I had it stuck in my mind that it was 11. I will edit it when I get back home from my meetings today.
I sincerely hope that I continue to see you in various Steemit circles and I hope it is okay with you that we can "agree to disagree" and still engage on the platform.
Wow, that reply could have been a post on it's own! And I'm absolutely fine with agreeing to disagree :)
I see your points, and you're by far not the only one and I can understand this position. Unfortunately there are lot's of accounts out there taking the self/circle-voting to the max. I did not invest any Fiat, I'm here for the fun, and if it returns something, even better. So my intentions may be different. I like your example of going out to the own restaurant, but with a different argumentation. Your brother payed upfront for the meals, eating them with the family makes this financially a zero sum (but with a nice atmosphere!). Not selling them or eating at another restaurant means financially a loss. Steem votes however are kind of "for free", giving one out is not an invest that has to bring returns. Your invest in Steem(-power) gains value with the Steem price, which increased by >100% in the last few months. How much could you make with self-votes? (rhetorical question, definitely much less and yes, this is actually on top...). Call me dreamer for leaving out the opportunity to vote for myself, but I think in the long run Steem will profit more if people give their votes for stuff they really like. Unfortunately, we're actually pretty far from that...
Ouch! I must be rich. The only explanation I can think of that explains all the money I have wasted. Or the only explanation that I'm willing to consider...
I recently engaged auto-voting for the first time and have been surprised by my VP never being at a place where I could do manual upvoting with freedom. Obviously, I have been too generous. And I was convinced that it was best to set my auto-upvote for seconds after the post arrived.
Not often that you read a blog and there are things that you can and want to implement immediately. You get it right every time @energyaddict22. Thank you!
Thanks for commenting. As always, you seem to "get it". Hope some of this will be useful to you and quickly. All the best.
Another great post. Thank
A lot of info this time.. but not a easy info to understand XD
Understood.
ok, newbies, stay away
My bad
Here is a summary of the first part that was confusing. Upvoting posts and getting good curation is difficult. Even the best curators on Steemit only get maximum curation rewards about 66% of the time. Therefore, don't both with trying to curate posts for rewards. Use your votes to create friends and relationships that will be valuable to you now and in the future.
Just so you know. I look forward every morning to reading your comments and replies Victor. Thanks for being such a hard worker and learner. It gives me joy.
Interesting concept, I never tried self-voting, it never entered my mind.
Not having done it on other platforms, perhaps the time is now right to test drive this idea.
Upvoting good comments made by folk visiting my posts has always been something I enjoyed doing.
They took the time to bother:-
Those who arrive just to vote to derive self-gratification I think about before responding.
I can't tell you how much I love this comment. Here is why - You have a well thought out criteria for how you spend your voting power on commenters. I wish that everyone would take some time and create (at least in their mind) a matrix for determining who gets their upvotes when commenting on their posts.
I plan to write a post on this sometime soon. I hope you won't mind me saving this comment.
I think it is important that people treat their votes like they do "real" money because they will be more valuable to Steemit in the long run (and likely make more friends and money here too). Before I buy a new phone, I make a list of ALL the things I want/need my phone to do. Only then do I consider where and on what I spend my money on.
Please keep coming back and posting comments - Yours are valuable to the discussion and to me. :)
Educating - expected conduct in Social Media to grow, one needs to "Float like a Butterfly - Sting like a Bee" - I believe that was Muhammed Ali's saying.
Everything is done at speed of late, not reading properly (or missing out golden nuggets in comments). Pick a topic you enjoy, become proactive in responding, show/share your knowledge, more people see/react to you.
Social Media, at this point in time captures and stimulates 2 of our major processors IMHO Engagement and Belonging, those two alone can roll out into massive discussion.
With AI arriving I suppose that will all change, as we are continuously evolving.
Thanks for your kind words, you are more than welcome to use any ideas 😊
^^^ I genuinely read that in the literal sense for a split second...LOL! Strippers sprinkled throughout made me laugh instead of crossing my eyes like the little girl in that pic.
It's actually pretty heartening that I'm hitting the mark on quite a few of your suggestions above, but there's certainly room for improvement. I appreciate what you said about curation trails, because my gut told me not to do it, but then I began wondering if "everybody else" was seeing something I had missed (or else why would they all be joining the trails?)
What you said about getting all altruistic and sharing the love hit home because I tend to operate more like that. I don't think it's necessarily a bad thing and I don't want to stop...but I can see how I could be more smart at the same time. Very helpful post :)
You know what? I added the "marine" in there with the strip club just because I know you probably have some ideas about jarheads. Invisible muse...
My guess is that your "instincts" probably serve you well 95% of the time. Hopefully, my posts will be around for some of those 5% moments.
All the best.
Thanks SO much for this info. This is one of the best I've read. Your posts are always really easy to follow. Resteemed and duly noted 👌
For a lot of people you need to vote a lot earlier than 22-29 minutes if you're a lower SP.
@umich actually makes a LOT more in curation per his SP weight if you check their rewards pages.
Hello. Good point. It really depends on the author. However, the "sweet spot" for the posts I upvote is rarely before 15 minutes. The amount of your SP has no effect on your position. Position is the key. Beat the folks with higher SP.
SP does determine the vote value though, which in turn changes how many curation votes can be sent in a day and the chance of curation per vote.
For example a 15sp plankton (starter account) can throw about 10-15 curation votes out per day depending on how thin they want to spread themselves.
I, on the other hand, could throw maybe 100 curation votes out of ~10% so I can get a lot more chances for curation. (I likely get a lot less than this since I vote things sometimes just because they're good too.)
For those of us with lower value I find that the metaphorical train leaves the station pretty quick. Some dolphins get $80-$100 STU in the first 5 minutes, that eats up a lot of the curation.
Even your own example shows that with your higher SP you can curate off your own votes, whereas a plankton cannot normally do this.
Have you seen the Trump pee tape? Were there russian hookers with full bladders lined for miles to satisfy the man's urine fetish?
Edit: also let me know if you know any nice russian ladies that want to check out America, or as Trump calls it, "2nd Russia," with a steem guy ;) ;)
You're absolutely correct about these dolphins, which is why I don't suggest trying to "curate" large accounts. Most of my readers aren't going to get a net benefit from it because there is no engagement and the curation benefits don't justify the effort. I can afford to throw around .25 votes on these posts, but I think it is a waste of time still. Better to build a network of loyal followers that will in turn grow and continue to be loyal (fingers crossed).
Yes, the ever popular Trump "pee" video that nobody has ever seen. Clearly Russian hackers have deleted all the copies. The thought that Russian hookers would be anymore interested in a man's urine fetish than any other hookers in the world is baffling. In fact, they would mostly be disgusted by the idea (they a picky like that).
Lots of lovely women here in Russia. You have to be prepared though. They are well educated, well dressed, with sharp wit, and ultra-focused on reaching their goals. Men, are a tool to assist in meeting that end. If the tool gets dull, they will hold it to the fire and then sharpen it or they will toss it out for a new one. ;)
You are always welcome to visit St. Petersburg. I promise a great tour and lots of meet and greets with the locals. You'll never regret it.
Thanks for stopping by and resteeming. I'm glad I can be if some help in your Steemit adventure. Keep me updated on your progress and travels. Add me on discord too.
I think this is probably good advice - that I am not following. At all. I probably should, but I'm not even giving a penny right now with my lowly SP. After doing some research when I first got on the platform, I realized that #1 - chasing curation money is a waste of time for now and #2 - curation rewards are going to be extremely low one way or another until hitting 500 and above, as you pointed out. Short of delegations, that is likely going to be a looooong ways away for me, even though I have switched to posting with full power-up instead of half and half for now.
You'll probably roll your eyes and groan when I say this by the looks of the post, but I pretty much just use mine as 'likes' right now for the most part. It's more of a show of support than anything. I did play around with following a trail and am still following one; it was a bit of a test that admittedly, I have not followed up on as much as I should have.
The one thing I have an issue with is upvoting my own content. I get why people do it, and I have seen a lot of arguments on both sides as to whether it should be done or not. I personally have not upvoted anything of my own. I also think there is a caveat to that - if you have SP delegated to you, I would think that it would definitely be frowned upon to use it for yourself. What are your thoughts on that situation? 🤔
You make some very valid points. Thanks for taking the time to make a well thought out comment.
First thing. Don't covert to 100% SP. You are losing a ton of rewards this way. SBD is only slightly lower than Steem in value. Look at my post yesterday that shows how post rewards are paid. Basically, you get half in SBD and half of the value of the post DIVIDED by the price of Steem. So, 20.00 STU is paid as follows. Subtract 5.0 for curation. 15.00 to the author. 7.5 SBD and 7.5 Divided by the price of steem, which less than 2 SP. You could sell you 7.5 SBD for more than the 2 SP.
I have a meeting. Will add more later.
Of course you can treat your upvotes as "likes". This is completely up to you. They're your votes. The question to ask yourself is what you want to accomplish on Steemit. If you want to read good content and spread "likes", good for you. I have no issue with that.
If you are wanting to help reward people for their effort on good posts, then your spreading of "likes" isn't helping them. It just makes you feel good about yourself. People on Steemit usually want to get some reward for their effort and .001 to .004 isn't going to do it. If you want to truly help them, then conserve your voting power and build your account so your votes are actually worth something.
Regarding curation trails. They sound nice. My posts get hit with a few trails each day. To be honest, 90% of the votes on trail appear as .000 on my Ginabot notification. I love that I got 35 votes in 10 seconds, but the actual value isn't significant usually after the 1st 3 to 5 people in the trail. Few of the people in the trail read my post and even fewer comment on it. Therefore, zero engagement, zero relationship building, zero long term benefits for either of us. Who benefits? Those first 5 people in the trail that improved their curation rewards off the following 30 to 70. I will do trails when they place my vote in the #2 position (won't happen, so I won't be doing trails).
Sorry for the two replies. I sandwiched a meeting in between these, but you're important and I wanted to respond.
No worries on the separate replies, I appreciate you taking the time to answer. I read everything I could about Steemit when I got here a little over a month ago then realized if I tried to figure it all out I'd never get anything done. I jumped in and am still trying to decipher the best way to go about everything so I am definitely interested.
Holy crap really?!?!?! I set it to 100% SP last week because I thought that would help me build my account faster so I could offer more with my upvotes. Literally just stopped writing this to go switch it back. I honestly thought that would be the best way to do it right now since I can't afford to throw money into it. At any rate, it's now changed back - thank you!
I do, which is why I set it to full powerup.; I thought that would help me do that faster because my SP would be more. I'm finally to where I am giving .01 on my first 2-3 votes starting at 100% now. Which of course is still nothing, but it's something more than 0 (even though it is actually zero as I see you have already touched on in another post!)
I noticed this! I received a Curie vote on a post and it was really cool watching them all come in...then I looked at them.
Ok, I started this reply quite some time ago and am back to finish after reading a couple of your other posts. I guess my thinking was that if I held onto my votes at this point, they would still be zero anyway. I just checked and my Voting CSI is ( 0.00 % self, 45 upvotes, 29 accounts, last 7d ), so I think I'm ok since I'm not draining it regularly.
You've given me a lot to think about and I've already put some of it into action. Now, I'm switching tabs because you're open in another one and this is already a book. 😆
Seriously though - thank you!!
It is my pleasure. Thanks for the great feedback and for working so hard at making your account better. Keep me updated on your progress and issues that come up. All the best.
I understand that with only 11 votes with all my power daily, but I have read that $0.01 does not generate any reward, my vote is practically null and void and I feel somewhat useless about it, now I ask, should I still vote?? I've seen some very good articles, but my vote doesn't even move your reward pool, what can I do to give that person a little courage??
Translated with www.DeepL.com/Translator
By the way, I was corrected. We actually only get a little over 10 votes a day (something like 10.3 or close). Not that it matters so much with a .01 vote. Use comments to make friends. Use Discord to make friends. Invite existing friends from other platforms. Words are better encouragement than .001. However, 1.50 upvotes are more encouraging than words. ;)
I appreciate that you always have words for your comments, I feel really happy to translate my comment into the publications, but I feel frustrated that I can't reward you! however i will continue to create my community to successfully grow in this rred, thanks for the advice friend... and by the way i like to be a new favorite commentator yeah
Your comments are my reward. Thanks again. 😂
Dear friend, do not despair. My humble advice is to invest part of the profits generated by your post, to increase your voting power (SP), which will ultimately give you better dividends, both when they vote for you as when you vote and comment to third parties. It is something like acquiring shares of a company.
Good advice here. Everyone should read!
Thanks for commenting and sharing. One of the biggest flaws in many people's thinking is that poor people should help other poor people monetarily. This is absolutely horrendous logic. Yes, they should be supportive, but not so much in the monetary sense. The trick is to join richer communities and build your account so that you can then return the favor. Charity starts at home.
This is great! One of my new favorite people commenting on another of my new favorite people. :)
This is one of the clearest and easiest to understand explanations I have seen @energyaddict22, so thank you!
As Curator Cat I naturally have a lot of interest in this particular topic, so I am "harvesting" posts and commentaries for later use (bookmarked this) when my SP has grown a bit. Right now, I have very little gold dust to pass around... but I thoroughly enjoy the interaction!
=^..^=
Hey bud! Thanks for stopping by. I am thrilled that you found this useful. I'm not a fantastic curator as you saw with the last graphic in my post. However, one I learned the rules I was able to improve significantly.
Talk to you again soon.