Steemit Authors Earn 37% More Steem with 50/50 Payout!

in #steemit7 years ago

Authors Earn 37% More Steem with 50%2F50 Payout!.jpg

When we choose the 50/50 payout option on our Steemit posts, we earn 37% more than with the 100% Steem Power payout because Steem Dollars or SBD are actually worth today $1.69 on the market! Would you continue reading to see why and how to quickly change SBD into Steem and/or any other cryptocurrency?

Here is the data from a recent post where we were kind enough to upvote it for these rewards.

steemit payouts at 50 50 on recent post.png

That is what payouts look like on the default 50%/50% setting.

50 50 rewards post choosen.png

If I had chosen to power up at 100%, I would have simply received no SBD and instead double the Steem Power. I made a quick Microsoft Excel spreadsheet to show the differences.

steemdollars 50 50 payout versus 100 steem power.png

With choosing the 50/50 option and using https://blocktrades.us/ to change Steem Dollars to Steem Power, I get 181.365 Steem Power out of my 227.888 SBD! The reason for this is that exchanges like Bittrex have Steem Dollars available to be traded which allows anyone to just buy Steem Dollars on the open market. Meanwhile, there are a very limited numbers of Steem Dollars available because they are only printed from rewards on posts as far as I know. This has caused the rate of exchange to Bitcoin and the USD to be as seen below today.

steem dollars coinmarketcap june 23 2017.png

This means that while Steem pegs a SBD at 1 USD worth of Steem, trading it on the open market yields a value of $1.69 per SBD meaning that SBD today are worth 69% more than what they are intended to be. When exchanging for Steem, this consistently comes out to getting a lot more Steem with SBD versus just taking the full payout from Steem.

If when you see this SBD are worth less than $1 at https://coinmarketcap.com/currencies/steem-dollars/ then you might still want to get SBD anyway because you can use the wallet to make an exchange at the $1 value. Given that the Steem wallet will provide a guaranteed 1 SBD to $1 worth of Steem conversion, it is unlikely the price will ever go much below $1 for a SBD making the perfect scenario for SBD consistently be worth more than 1 USD. See inside the wallet for the options.

Steem Dollars wallet options.png

While I stated that I use blocktrades to change to Steem Power usually, Steemit has a market at https://steemit.com/market which lately has been much worse of an exchange rate than Blocktrades or Bittrex as seen below.

Steemit Market June 23 2017 for SBD.png

Changing my SBD to Steem on the market would have got me a much smaller gain than using Blocktrades or Bittrex to make the exchange.

In summary, it seems logical to consistently choose the Default (50% / 50%) option and to convert the Steem Dollars. I personally am using https://blocktrades.us/ to convert my SBD either to Steem to power up or to USD via Litecoin sent to Coinbase and then sold to my USD wallet. In the last month, I have powered up 3676.264 Steem using SBD and sold $3081.92 to USD for paying taxes and contractors like @aarellanes and @gmichelbkk to help me with my posts!

Thank you to @aarellanes for inspiring me to write this because yesterday ...

Albert 100 percent power up.png

I saw the Steem symbol next to Albert's post which means he powered it up 100%. I am not the first nor will be the last to post about this and I hope I have helped provide a quick tip today that helps you make a lot more off of your posts you were considering on powering up!

Shout out to these authors that already posted about this subject and helped me to learn this in order to share it with you!

PSA: Don't Select 100% SP Rewards by @bacchist at https://steemit.com/steem/@bacchist/psa-don-t-select-100-sp-rewards
Why I Do Not Choose the 100% SP Option for Payouts, But Power Up all Rewards Anyway by @norbu https://steemit.com/steemit/@norbu/why-i-do-not-choose-the-100-sp-option-for-payouts-but-power-up-all-rewards-anyway
Answering Common Questions: Should I use 100% Steem Power or 50%/50% Payouts for my Post by @sykochica https://steemit.com/steem-help/@sykochica/answering-common-questions-should-i-use-100-steem-power-or-50-50-payouts-for-my-post
Maximize Your Author Rewards - Use 50/50 Split When Blogging by @wakeupsheeps https://steemit.com/chainbb-general/@wakeupsheeps/maximize-your-author-rewards-use-50-50-split-when-blogging

Thank you for reading this! If you found it helpful, would you please upvote this 100% because I am hoping to pay down all my student loan debt?

Love,
Jerry Banfield

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wow very nice important information

we all appreciate this post, we get to learn to earn more!

Not just that but the knowledge is priceless!

The priceless is just one thing here :)

first meme.jpg

amazing post love it.

Upvoted and appreciated. Thank you so much Jerry, bringing value as always!

Let's help pay off my student loan with an upvote how many can I get ?! @jerrybanfield

Following you. Please follow / upvote if you like my articles :)

Followed and will do 👍

I am going follow you,, please follow me back

I hope u like it
Steemit MONEY making strategy and TRICK.......it's kind of HACK steemit
https://steemit.com/security/@kaiju/steemit-money-making-strategy-and-trick-it-s-kind-of-hack-steemit
S1.jpg

Yes, this is important information, especially for newcomers like me!

Excellent! Still wrapping my head around all this. Wish I had more time. Please follow, I have some AMAZZZZZZING posts coming up.

THANKS Y'ALL!!!

: )

#payitforward

Hello, i follow you, can you please follow me, and if you like my latest article today about Windows 10 7' laptop could you please guys upvote? Thanks https://steemit.com/steemit/@cryptomonitor/ready-for-7-inch-windows-laptop Thanks for support :)

Thank you for another great post. I will use the 50/50 option for now on.

Commenting before reading.. Based on other comments I should look into the post.
Found Steemit only few days ago, you have been excellent resource for learning about it. Thank you!

Kaarel

Ha the title answered the question I was wondering! Still read the article just to be sure.

were all in the same boat on this andrew 😄

Welcome Kaarel, hope you will have good time here. Can you please follow / upvote? :) Thanks

Sure thing man!

I'm glad I never considered to switch my 50/50 default option...

Upvoted and resteemed

Thanks, didn't realize this. I converted my steem dollars in steem.

You continue to teach all of us.

Thanks

Domi

woha! This is nuts !! Although I felt that i've been earning a lot more lately

I am feeling awesome because I stsrted 2 dsys back and just loving it