Tips & Tricks # Part 3 (Steemit post payout calculation)

Steemit post payout calculation system

This is my 55th days on steemit.

When i was new i am totally confused with the steemit system.

i just understand that i have to post a content that is not copied from others
and have to comment to user's post.

When i got some upvotes on my post and comment i saw the point says Pending payout $

First time i thought it was a sign for USD and may be i get the full amount of it.

This was so childish thought.

i learned about steemit from a youtube content where there is not much information about it.

After spending 55 days i learned a little from it, actually very little, knew some basic only.

Today i got to know that $ sign is not USD sign. That is actually STU (Steem Token Unit).

So Pending payout 10.00$ Means 10.00 STU.

Old users already know about this and more. So this small information is for new users i think.

In time of payment it split into 2 parts.

• Author (Steemit user who posted it)

• Curator (Steemit user/bot who upvoted the post/comment)

Author get 75% of payout and curator get 25% of it.

Lets say the payout amount is 10$ / 10 STU.

So 7.5$ is for author and 2.5$ is for curator.

Next step the author reward split into 2 parts again.

The direct half of it goes to the SBD part of account.

Means 7.5$/2 = 3.75$ goes to SBD and the half of it 7.5$ is goes to SP that calculated with present market steem price.

Lets say Steem price is now 2.70$. So User will get 3.75$/2.70$ = 1.39 SP.

Present time steemit added a feature that a part of payout goes to direct STEEM.

Thats why user will get little less in SBD as calculated above.

Those amount change sometime by depending on curation reward.

If user want to convert the STEEM to SBD then user have to go to the wallet page.

Click the down arrow sign of STEEM amount and click on market.

After clicking a new page will open.

User have to go to the Sell steem option.

The current sell price show on the Price box (Lets say 1.369392).

Put the STEEM amount you want to sell (Lets say 0.006).

In the Total box the amount of SBD will show that you will get instantly if you press the button Sell steem.

If you want to sell it with more price then you can bid there.

Just modify the Price to your desired one (Lets say 1.401234).

After bidding like that when the steem price will rise to your bid price then it will be sold to market and you will get SBD on your account.

If the price do not rise to that level then your STEEM will deposited there until the price get to the point.

So bid carefully and i will suggest if you are new in steemit and your amount is low then do not need to bid with high price, just sell with the present price and take the SBD instantly.

if you have any other question about post payout then you can ask me, i will answer if i know, or i will try to give you reference post link that will help you to get your answers.

I am not expert on bidding system nor with cryptocurrency trading, the information i post is just my opinion for new users thus they do not have to face any uncomfortable situation with the very first experience with steemit.

Best of luck for all.

Your sincerely,
Arif