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Pending payout is the amount the author and curators of that post will collectively receive when payouts are made. This value changes based upon how many votes (up/down) your post receives, the value of Steem, and how many votes other posts in the system receive.

You can manage your "wallet" by going to your account page. https://steemit.com/@makishart

You currently have 10.363 STEEM Power from creating a new account. You will not be able to convert that STEEM Power back to STEEM until you earn/buy 100 STEEM (which it looks like you have pending). When you have permission / balances see action links next to your balance allowing you to transfer, power up, power down, etc.

The wallet interface is minimalistic right now, but gets the job done.

Payouts start on July 4th and then are continuous after that. In the meantime we are testing/tweaking the ranking algorithm so what you see is subject to change.

Just curious After July 4 how often will those payouts be? daily,weekly, monthly?

After July 4th, payouts are continuous (stake weighted 24 hours after each vote on the post). This means there will be constant turnover of the trending page as things get paid out and reset to 0.

From Where I get to know about my pending balance how much I got paid?@dantheman

I think I understand. So the ones who creates STEEM right now are the POW miners? or am I wrong?

Thanks for your question! The blockchain also creates Steem at a set rate with specific rules to reward the posters and voters.

Only miners and/or elected / staking witnesses can get steem right now.

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