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RE: New Steemit User - Quick Question

in #new7 years ago

Hello, @rogermmick.

The amount you earn from your articles is paid out in 7 days time from when it is posted. Currently it looks like you're using the default 50/50 posting option, which means 50% of it will be paid out in Steem Power (your influence level on the platform, which dictates how much your upvotes are worth), and the other 50% will be paid in Steem Dollars.

75% of your earnings are kept by you, and 25% are distributed to those who curated your content, so if a post earns ten cents, it looks something like this:

  • Your take is 7.5 cents, half of which (0.037) will be in SP, and the other half in Steem Dollars.

  • The people who upvoted your content will split the remaining 2.5 cents between them proportionally, with those who sent larger upvotes earning a larger percentage of the remainder. For a ten-cent post voted on by someone at 100% weight, this will work out to be a negligible amount measured in thousandths of Steem Power (0.002 or thereabouts, I'd guess), but you get the idea. Curation is a fabulous way to boost your own Steem Power slowly, so you'll want to take every advantage, but every vote you place diminishes your voting power. You start with 100%, and you restore 20% of that every 24 hours (voting does not cost you anything except this vote weight, so you don't pay Steem Power or anything else when voting). 20% is roughly 10 full-power upvotes, so you basically get ten free 'votes' per day. You have very little SP as a new user, so your votes won't be worth much money, but as you build a following and earn better rewards, your SP will go up, which makes your votes more valuable, which means you earn more curating, and the cycle perpetuates itself. :)

  • Funds are not added to your wallet automatically, but if you click on your Wallet and new rewards are available (either for posting or curating) you'll see a note at the top of what you've earned, and a large box to click on to redeem them. Once you've clicked that and waited a few seconds for the blockchain to process, your account will update and you'll see the results added to your tally. :)

I hope this helps, and I further wish you great success in your Steemit career! :)

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Thank you so much for your thorough explanation. I really do appreciate it!