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RE: I have a question for the Steemit Community. How do Curation Rewards work?

in #steemit • 8 years ago

That sounds about right.. There is a curve too. If you vote at 30 minutes or later you keep all the rewards, if you vote 15 min you keep about 1/2 and give the other 1/2 to the author and if you vote right away your just giving it to the author. This was introduced after bots started voting very early on everything.

8 years ago in #steemit by
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     8 years ago 

    Hmm, this sounds a little backwards from everything else I have read. I thought the earlier adopters got a larger portion of the reward. Can you explain further?

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       8 years ago 

      "Our solution is to offer a reverse auction for curation rewards on votes cast within the first 30 minutes. The price starts out at 100% of your curation reward and falls toward 0% over 30 minutes using the curve (1-t2). The longer a bot waits to vote, the lower the fee will be. However, if someone else chooses to vote before you it would lower your potential absolute reward." -- ref