Tutorial #2 - Upvoting And Curation Rewards Explained
Now I know you may have heard that you should all try to upvote at least 10 posts a day right? Do you know why that is?
It's actually very simple: Curation Rewards
Everytime you upvote something, you get a portion of the rewards. 25% to be exact. But before I elaborate any further on this, there is something very important you should know:
You only get 25% of your upvote's worth IF you upvote a post after 30 minutes!
Here's a basic breakdown:
- If you upvote a new post within 15 minutes (0-14 minutes) : You get 0.01% of the curation rewards and author gets 99.99%
- If you upvote a new post between 15 and 30 minutes, the curation rewards are split 50-50 between you and the author
- If you upvote a new post AFTER 30 minutes, you get 100% of the curation rewards!
That being said, we'll take a scenario into play. Let's assume your upvote is worth $1. If that is the case, then each time you upvote a post after 30 minutes, you will get $0.25 worth of Steem Power when that post is 7 days old whereas the author of that post who got upvoted will receive $0.75 worth of steem power and SBD split 50-50.
It is also a good idea to upvote posts that you know will get popular. That way you can maximize your returns for curation rewards on that post! If you upvote a post that is already very popular, you probably won't get as much of an ROI so keep that in mind as well!
So that's all for this tutorial guys! If there are any questions that you may have, feel free to hit me up in the comments below and I'll be more than happy to answer them for you! :)