What is Steemit Voting Power Explanation

in #howto7 years ago (edited)

upvote.jpg

Steemit VP Explanation:

Every time you upvote your voting power go down.
What is voting power and why do you need it?
Voting power can be compared with energy.
Each time you upvote a blog post or comment, you spend/lose 2% energy.
As your voting power decreases, your upvotes will be worth less and less.
The more voting power you have the more your upvote will be worth.
Try to keep your voting power between 75-100%
How you check current voting power?

Go to https://steemd.com/@kobusu and type in your username.

Your voting power and ather information will be displayed and updated in real time.

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Voting power is full 100% but still is not worth 0.01 $ ?
Your voting power is the potential your vote to reward another user once you upvote a blog post or comment. For increase your potential (your vote worth) you must gain SP (Steem Power).
This can be done two ways.

  1. Buy Steem Power directly (click on "Steem Power" and then "Buy")
  2. Convert your Steem into Steem Power (click on "Steem" and then "Power Up")
  3. Earn SP by creating quality content
    On Steemit, quality content pays. At least 50% of all the rewards that your blog posts receive will be credited as Steem Power. By creating high quality content on a regular basis, you will be collecting SP and increasing the value of your upvote. So, by creating quality content and earning SP you are investing in your future.

How much SP do I need for my upvote to be worth $0.01? ≈ 70 SP
Account with around ≈ 1200 Steem Power would generate $1
per upvote at 100% full power.

I would not recommend you upvote for self comments - posts.
Steemit has bots that can make you voted down when voting on your own comment.

You also may wach this explanation video:

Ask, if you have more questions.

If this post was helpful for you, make me happy please leave an upvote ;)

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Calling @originalworks :)
img credz: pixabay.com
Nice, you got a 2.0% @minnowbooster upgoat, thanks to @kobusu
Want a boost? Minnowbooster's got your back!

The @OriginalWorks bot has determined this post by @kobusu to be original material and upvoted(1.5%) it!

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To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!

Thanks. I was in need of this Information about Upvoting Power. The only thing I knew is that I need to reach 500 Steem to be able to control it.

Thanks! I forgot to mention for enable down voting = convert SP to Steem dollars you have rach 500 SP. 😅😎

Good article and well written explanation buddy

thans you are welcome 🤗

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by kobusu from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

This post has received a 0.16 % upvote from @drotto thanks to: @banjo.

Great explanation, @kobusu, cannot upvote for my VP being low, so will follow you instead : )

Your voting power is the potential your vote to reward another user once you upvote a blog post or comment.

Q.: does your VP influence YOUR OWN curation reward for a vote?

P.S. Checked my VP, still a few pennies left, upvoted! :)

hello thanks 🙂 answer yes curation reward depend from vp, not shore what exacly formula

That's the mystery I've been trying to decipher. Thanks for your reply anyway, 😊

This is great education. Thank you

this really explained a lot to me. thank you

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