HF 21 - P2P Vote Selling IS Better than Bot Delegation!
![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmbMLpBnnxT1tvovqkcCsaK6bp4KDzh98YC3cHgBkECwsv/image.png)
Hard fork 21 brings many changes intended to improve the Steem blockchain. One very relevant change is that curation rewards are increased from 25% to 50%.
This change has some important implications...
Wait, what are curation rewards again?
Those who have been active on Steem for a long time already know all about curation rewards, but new users may not.
Below each post on Steem, the expected payout is displayed, It changes with upvotes, downvotes (flags), and the STEEM price. But when the payout occurs after 7 days, the author doesn't receive 100% of the previously displayed amount.
Instead, 25% of it are distributed to the people who voted on the post. How much each individual voter receives depends on when they voted and how much they increased the payout.
Here's an example for what it looks like on Steempeak, one of the Steem interfaces. In addition to the payout in STU (STEEM and SBD), Steem Engine tokens are displayed here too.
![](https://steemitimages.com/640x0/https://i.imgur.com/l06hnvC.png)
If you vote on a post within a 15 minute window of it having been posted, you receive less curation rewards, the rewards are instead burned.
What changes with HF 21?
The split of author payout/curation reward changes from 75%/25% to 50%/50%, with the intention of increasing curation.
When you vote on a high-quality post that receives a high payout, you earn more curation rewards than before. And because you receive a larger portion of the rewards if you vote before everyone else, it's beneficial if you actively look for good content and promote it.
The time frame in which you receive fewer curation rewards is reduced from 15 minutes to 5 minutes, allowing you to vote almost immediately after reading a post.
What does that mean for Vote Bots?
Most vote bots on Steem require you to delegate STEEM POWER to them, and in turn you receive a liquid payout from them. The problem with this system is, that you miss out on the curation rewards.
MinnowBooster offers (aside from directly delegating to the bot) the option to sell your vote. That way, you don't have to delegate STEEM POWER, and all curation rewards go directly to you, because the vote comes from your account, not @minnowbooster.
With HF 21, selling your vote makes more sense than delegating to a bot.
How do I sell my vote?
Selling your vote with MinnowBooster is easy and safe.
Simply go to minnowbooster.net and click on the "FEED THE HUNGRY MINNOWS!" button.
![](https://steemitimages.com/640x0/https://i.imgur.com/N2XwW1l.png)
If you're already logged in, the screen pictured above will also show your Voting Power and idle STEEM POWER.
If you're not logged in, you will be prompted to log in via Steemconnect.
![](https://steemitimages.com/640x0/https://i.imgur.com/MsAY0f3.png)
After clicking on the "FEED THE HUNGRY MINNOWS!" button, you will be redirected to your Vote Selling Stats.
If you haven't been selling your vote, it will look like this:
![](https://steemitimages.com/640x0/https://i.imgur.com/mSWz28x.png)
Click on "Settings" to enable vote selling.
You can choose to only sell to users on our Whitelist, minimizing the risk of having your vote sold to someone trying to abuse the system.
It's also possible to sell your vote for comment promotion, which means the user paying for this service will have their comments automatically upvoted a little bit each time, pushing it to the top of the comment section.
The last setting is to determine when you want your vote to be sold.
Don't want your voting power to drop below 80%? Only sell when it's above.
![](https://steemitimages.com/640x0/https://i.imgur.com/jkRhtvm.png)
And that's it!
You can change your settings and disable Vote Selling at any time.
If you run into issues or see people that should be blacklisted from buying votes via MinnowBooster, don't hesitate to contact us on our Discord Server.
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![](https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmbuQSE1GqdC1msekYAaJNWr83kPwKykWzC6XGp1L91SQS/image.png)
( Want an easier way? Use our SteemConnect proxy link! )
![](https://steemitimages.com/DQmV3vq9X1LuEx1JeHCxPMTSyYDeM8MoaMXe2udAUCPM7B6/image.png)
Is the window really reduced to 5min? I thought it was 1 min?
As far as we are aware, it's 5 minutes. 1 minute was briefly proposed and accepted, but then discarded again because there were some theoretical issues.
Thank you!
Yip 5 mins, see my latest blog post I mention it there and someone asked me in comments there too.
There are also some delegation bots that payout the curation reward.
Posted using Partiko Android
Sure but I don't think they will pay out the curation rewards from other tokens such as Palnet, Steemleo etc if the post has the relevant tags. By vote selling you earn it directly.
As far as I know, you don't get curation reward of those tokens if you don't have some. Since you are only delegating Steem this wouldn't make a difference.
Posted using Partiko Android
It sounds very cool and very interesting and excited to know how it works..!!
Posted using Partiko iOS
Hmm interesting!
Posted using Partiko iOS
We always try to provide all the relevant information :)
I already use the P2P voting, though I delegated most of my SP to some account lately so I don't think I'll benefit much from the new curation reward system.
Well, the remaining SP that you have will earn P2P curation voting rewards via MinnowBooster, if you delegated via DLease at a good APR rate that is also good and you didn't go wrong there either, both options are good, and combined together are great.
I'm aware of that but thanks for the reminder.
I delegated most of my SP to #steemace and they have good APR so I don't think I'm losing either way.
I did what this tutorial suggested and it says my idle steem power is 400 (roughly how much i have) and my voting power is 0%. I don't get why the voting power is listed as 0%...I have the sell my vote number set to 80%...but if my voting power is 0% then i'm getting nothing from this as far as i can see.
The post (I believe) is inaccurate.
When a vote is bought, it now bids for the 50% of the payout instead of (the old) 75% of the payout.
Since the beginning of the bid-bots the following marketrule is stil true:
input = output
1usd goes in -> 1usd comes out (the ratio is just different)
So not only does the buyer receives the same as before, the bot does (and thus the delegators should) also receive the same as before!
Since MB is not a bid bot, instead of the market regulating price via demand and supply, we employ some fancy math to make everything work.
In our case, we give a few percent profit, so more than 1usd comes out.
And with curation, actually way more comes out. What we calculate is basically how much goes to the buyer? So with 50% curation, if you pay 1 SBD we need to vote you for 2 STU so you get 1 SBD back (simplified).
This post mostly talkes about the changes as a seller but for the buyer not much will change. Buyers need to be aware that the flag pool allows for new mechanics in the game :)
Does that answer your question?
Sorry, didn't want to generalise MB to the rest!
Yes, I know that, but it was +/- the same!
Same applies for the bot. The vote worth 2usd has 1usd curation reward and the buyer pays the other +/- 1usd!
This is gona have an impact for sure (but isn't included in our reasoning above).
Yes, this is how it has always worked and will continue to work. Just the percentage changes.
Oké, so if we can agree to that!...
Then this isn't true:
Unless the higher curationreward the MB-bot is gona recieve arn't going to the delegators!?
That is why we recommend that you do P2P vote selling. Curation rewards for P2P go to the voter, the delegation bot is just a helper and will make less profit.
Mmm, to bad.
I really hoped MB would nutralised the HF change in the math used.
So things wouldn't change for buyer/delegator/MB.
After HF21:
Buyer = gets the same
Delegator = gets less
MB = gets more
Doesn't sound right/fair does it?
Btw. I don't want to use the P2P system be cuase it doenst use all the Voting Power available. Thus wasting VP / ROI / chance to auto-upvote awesome content...
We are currently evaluating ways to make delegation worthwhile again, but we don't plan to do the whole powerdown into payout thing, as it complicates and drags out payments a lot.
If P2P does not use all the voting power you allow it to, then that is a bug and you can tell us so we will investigate. If you set it to keep your VP at say 90% then it will do that +- 2% or so. And if not, come to us and we investigate/fix.
Update: we decided to not take our 15% share if we receive the curation rewards. That way delegators get the consistent payments and we average out on the long term curation rewards, which would fluctuate more and are a bigger risk.
With that in mind, delegating to @minnowbooster should with HF21 be very profitable :)
Hi @reggaemuffin do the fancy maths now also take in account the non linearity of the payout before 20 Steem?
Posted using Partiko Android
No, we intentionally left this to the buyer. We don't know what happens before/after our vote so we don't want to incentivise votes on empty content that then get fluffed by a second bot.
We treat it as a linear curve and if you are at the bottom of the curve then our vote will be less valuable. But once it reaches the top that vote will pay out as intended.
Ok i like that, so the people will use it less on posts that no one else voted before, so people have higher chance to become curation reward and it is used less on shit posts.
Posted using Partiko Android
Exactly, that was one of the things we wanted to incentivise :)
I think we at least need a disclaimer though, saying the stated amount isn't guaranteed unless the post if above the threshold.
However if you sell votes with us, your account essentially becomes its own bot and you earn from the curation in addition to the fee the customer paid for your vote.
We see soon whats go happen :) ... but lot new come this I know :)
We are also looking forward to the changes HF21 brings, and will work towards keeping user experience on our services as pleasant as it always was!
I don’t buy votes and never knew you could sell votes.. interesting
Posted using Partiko iOS
Yeah u can sell votes, nice to do if your account is sitting idle over the weekend or on holiday.
Yes that is the smartest move to make
Posted using Partiko Android
Not only can you sell votes, you can also lease out your SP via DLease, which can give a much higher APR than delegating to most bid bots! There are many ways to grow your investment efficiently.
Will you let current bot prices stable ? Meaning you will keep the Steem-sbd price to upvote a post for the previous same upvote ?
As a vote-seller I would like to understand this part.
Posted using Partiko iOS
As a vote seller after the hard fork, you will have to vote with more power to produce the same amount of vote needed, but because you earn more curation, that evens out. In the ideal case, you earn less liquid but more in curation. Our revenue calculator is already updated in that regard and we are looking forward to seeing the data produced in the coming days.
If you have any questions about it, feel free to contact us any time 😊