How much Steem Power makes an upvote worth $1.00?

in #steemit8 years ago

In this post, @bestmalik asks, "How much Steem Power makes an upvote worth $1.00?"

The answer is, "It depends." Here are some of the things it depends on:

  • Variable exchange rate: Internally upvotes are based on STEEM, not dollars. So your account's upvote dollar value will go up (or down) based on the market price of STEEM.
  • Competition for limited reward pool: The reward pool is rewarded on a no-reserve basis, meaning that if only one person upvotes posts, their upvotes will control the entire reward pool; the total of their pending upvotes at any time would be worth about $200,000 at current market prices. Stated another way: If Alice's account was idle and then becomes active, the rewards for Alice's upvotes come from slightly reducing the rewards for everyone else's upvotes. If Bob's account was active and then goes idle, the rewards that used to go to Bob's upvotes instead slightly increase the rewards for everyone else's upvotes.
  • Payouts are nonlinear: As a post accumulates upvotes, its rewards per upvoting SP increase. So if your account adds $1.00 to a new post, it will add a lot more than $1.00 to a post in the $5000+ range.
  • Soft rate limiting: Each account has voting power which decreases on each upvote and regenerates at a constant rate, so if you vote a lot, each individual vote will be worth less.

For reference, this account's upvotes are worth about $0.20 - $0.30 for posts without any upvotes.

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Thanks for the explanation. The gist is that there is no direct answer.

You have my upvote of approximately exactly $0.01 :)

how long does it take for your upvote to "hit full power again"?

You can check your vote power here: steemd.com/@username (yes there's a guy named username). It replenishes constantly during a 24h period.

Ah I already know read the article too fast :P

shit man thank you

Thanks for the link! So if I understand correctly your first upvote of the day is worth more steem dollars then your second and so on?

Nice work! Apparently my upvote is worth $ .00

I've even watched my upvote take away $ lol.

That would be due to the market price of steem changing in the time it took you to read the post :)

Ah! That explains it! They should animate it up... and then just delay the price going down a bit... although, maybe it's a good idea to scare people off voting and really making them think twice! :-)

Aquí está traducido el artículo al español.

Very interesting- you get my nod @theoretical

thanks bro your post is very useful to understand about upvotes worth

uprooted! thanks for this clarification

So in terms of 'profit' it's actually better not to upvote to much posts because once upvoted you lose all your steem power?

Hm, yes. It seems like. I´m confused now ^^

just go to steemd.com and type in your name

there you will see your voting power...

i have posted 2 different screenshots, one before and after an upvote and you will see the voting power goes down on the second one

Nice b8, m8, i r8 8/8! jk jk

wow these comments you can get lost in