How Do Steemit Payouts Really Work❓

So a few days ago someone asked me how do Steemit payouts actually work? Then I told him I don't really know (lol), then I told him what I already knew and looked very deep into the topic to make this guide in order to help new Steemians (of course for old too) to get some knowledge.

Before I'll start with the details I would like to point out that all of your payouts are based on the current value of two coins: SBD and Steem.

So right now you can pick between 3 different options for rewards on your posts:

The first one is 'Decline Payout' - which means you don't want to get any payment from your post.

The second is (Currently Recommended) '50%/50%' - this one is a little more complicated so let's do the math:

Let's say you got 100$ worth upvotes on your post. First, 25% which means 25$ will split between the upvoters (including you if you did) based on the Steem Power they voted with, the more SP you voted with, the more reward you will get from the 25%.

Now, 75% which means 75$ will get to you and will split to SBD and SP. 75% / 2 = 37.5%.

37.5% will just become 37.5$ SBD.

37.5% SP will be converted into actual SP based on the current value of the Steem coin. Let's say that Steem worth 3$, do 1 / 3 = 1/3. Now multiply 1/3 with 37.5$ = 12.5 SP.

The third is (not recommended right now) 'Power Up 100%' - which means all of the post's rewards will be converted to SP.

Let's we have a 100$ worth post here too. 25%, which means 25$ will get to the post's upvoters which will be converted to SP according to the current value of Steem. If Steem's worth is 3$, the math is 1/3 * 25$ = 8.33. 8.33 SP will split between the post's upvoters according to their SP level which they voted with.

The 75$ that left goes to you and the math will be: 1/3 * 75 = 25SP.

Thanks for reading!

@bitton