How to Maximize Your Overall Voting Power

in #minnowsupport8 years ago (edited)

Do you know that your voting power diminishes 2% of your remaining voting power for every full upvote you cast? Do you also know that your voting power gets replenished 20% every 24 hours until it reaches 100%?

Examples

Let us take a look at two examples:

  • You have 100% voting power. As soon as you do an upvote, your voting power diminishes to 98%. It will take 2.4 hours for it to come back to 100%.
  • You have 50% voting power. As soon as you do an upvote, your voting power diminishes to 49%. It will take 1.2 hours for it to come back to 50%.

To maximize your overall voting power

  • Don't let your voting power sit at 100% without doing an upvote. Otherwise, you are just wasting your voting power. When the voting power reaches 100%, it stops being replenished. You could have used it and let it replenish. If you are coming back to upvote again in 24 hours, use your voting power now and keep it below 80%. If you are coming back to vote in 12 hours, keep it below 90% for now. If 6 hours, keep it below 95%, etc.

Let us say you plan to do it every 24 hours.

  • At 100% voting power, you'll need 11 full upvotes for the voting power to diminish to 80%.
  • At 50% voting power, you'll need 25 full upvotes for the voting power to diminish to 30%.

Therefore, there is more work when you keep your voting power lower. You spread out your votes more (11 vs. 25) and each upvote has less voting value (100% vs 50%).

If you know you are going to take a break (not recommended ;-) for 48 hours, leave your voting power below 60% before you take a break. For 72 hours, leave your voting power below 40%.

To find out your current voting power, go to https://www.steemworld.org/@username (replace username with your username), where you can also find your voting values. Or, you can see your voting power % at https://steemd.com/@username or https://steemstats.com.

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I hope this helps if you are just getting started. We'll talk about how to maximize your curation rewards next time!

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Why didn't you write this before.my best friend @cheneats . because i need it...
Thank you for this wonderful information
Waiting for:
how to maximize your curation rewards
And how to increase the Steem power
And how to keep wonderful friends like hehe

You're very welcome, @yagoub! I am so happy this information helps. I'll continue to write other topics per your request. Thank you for your kind words. :-)

Ha, i knew i was doing something wrong. :) Thank you for the great info. These types of posts are really helpful, i could do with a tutorial page to go to that has all this great information in one place so i can learn all this stuff and re-visit for reference.

You're very welcome! I am so glad this helps. I am simply sharing the information I wish I had known when I first started. I'll put the references together when I share more. Thank you!

@paulag is doing a big course on it.

Thank you so much for the information, @mattclarke. I'll check it out.

You make it sound as if I haven't already tried to teach you this! It seems I'm failing in my mentoring duties...

I promise to keep my mouth shut and let you two sweethearts figure it out by yourselves. :-)

Personally I try to keep my VP above 90% if I know I'm going to be around. That way I give the best value in my upvote and with it replenishing quicker at higher levels I should be able to do more votes at that value in the course of the day.

However, if I know I'm not going to get back on for a while I'll let loose and my favourite causes get full power upvotes on their comments!

Thank you for sharing how you manage your VP. I appreciate it! Please let me know next time before you are going to let loose. ;-)

Lol!

Excellent tips for us newbies. Thanks

You're very welcome. I am so glad this helps!

Wow. such good information. However, it did not work. Dont know why. I use Steemd.com@username and Steemnow to get similar information. Minnow teacher

That site doesn't always work for me. Try this one: https://steemnow.com/@mariobowes

Hope this helps! Lol nevermind that's what you were saying xD

ha ha. that is ok. we should chat anyways. so thank you and hello

Haha ... I keep getting new titles from you. ;-) Thank you for referencing other links!

and I thought you were the teacher? :)))

Ok. you got my vote!

Thank you for your vote!

Good tips. I’ve run mine down to like 35%, so I’m laying off for a little while.

Thank you. The other day I ran mine down to 31% because I like to vote, too :-)

Okay, just one more....then I’m taking a break!! Seriously. ;)

The article really did help me! Especially steemworld...thank you!

You're very welcome! I am so glad it helps you. Thank you for letting me know. :-)

Excellent Information,
great post for us,
Thank you for this wonderful information

You're very welcome!

Thank you for this information:)

You're very welcome :)

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