HOW TO CALCULATE YOUR AUTHOR REWARDS ON STEEMIT VIA DIRECT SIMPLE FORMULA (with or without upvoting bot)

in #steem6 years ago (edited)

WELL

Many friends are asking me about this issue, most of them still newbie, so to make their life easier as some of them do not have mathematical background, I managed to make simple formulas for the rewards..

Let's begin

We first of all assume that we are using one unit of steem dollars SBD or sbd of 1 sbd

after we finish the differentiating the formula we will make it for any value you want to use.

so we have here simply one post you wish to know how much steem dollars you will get if you used upvoting bot or direct up-voting final rewards that post will bring to you.

now- most of the up voting bots will give you nearly the same final ROI so it might be little different from one to another but in all cases these calculations are very near to the rue values with minor differences due to nodes and to steem price less than USD1.2

so lets say that you want to use 1 unit sbd for up-voting your post by a bot - what will be your final cash in hand sbd ?

I will use an example here @tipu bot ( most of the bots will give you nearly same results )

I will invest 1 sbd for example

@tipu will give you nearly 1.5 sbd as a reward upvoting for that post

so

post reward = 1.5 x invested cash

but steemit will get 0.25 or 25% from this reward and the result is being divided into 2 ( steep power and sbd)

then

3/4 x 1/2 x post reward = 3/8 x post reward = cash sbd you will get as a reward on your post

but you have used a bot

then final cash in sbd you will get is equal to 3/8 x 3/2 x invested cash in sbd

so in terms of simple math

cash sbd = 9/16 x invested sbd in the bot

steem power will be equal to the cash sbd ( +- some differences due to nodes......etc) divided by steem price to sbd

example

i want to prompt my post through a bot by 5 sbd and steem to sbd price was 1.2

what will be my final
steem power rewards.
cash sbd.?

so cash sbd = 9/16 x invested sbd in the bot ( approximately )

so cash sbd = 9/16 x 5

so cash sbd is equal t 2.8125 sbd

steem power will be = 2.8125/1.2 = 2.343 steem power

I hope this will help yuo to calculate faster your rewards

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Hi @red-rose, I'm @checky ! While checking the mentions made in this post I noticed that @tibu doesn't exist on Steem. Did you mean to write @tipu ?

If you found this comment useful, consider upvoting it to help keep this bot running. You can see a list of all available commands by replying with !help.

thank you - corrected

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