Crosscheck your payout amount - steemit in a minute #37
Check your wallet now and see if you have the same question as I do. The stated payout amount I see on steemit is different from the received amount I get in my steemit wallet.
Steemit reward calculation
There are quite a lot of articles talking about how author reward and curation reward are calculated. I did some research on this topic for a few days. Some basic rules are not too difficult to understand. Let's put our focus on author reward first.
Out of the total payout amount, 75% goes to the author
Out of the author's 75%, 50% will be paid in SBD, another 50% will be paid in SP
For example, if the total payout amount you see is $100 (note that this $ sign is not USD but SBD)
100 X 75% X 50% = 32.5 SBD
Let's put the SP part aside first. Up to here, the expected amount of SBD received is very clear.
The actual payout
After the long awaited 7-days payout period, we finally see the payout of a post like this:
In above example, the payout details are:
Past Payout: $25.96
Author $20.09
(10.05 SBD, 6.70 SP)
Curators $5.86
$20.09, which is also roughly 77.4%, goes to the author. Out of this $20.09, 50% will be received in SBD. That is 10.05 SBD.
In that white pop-up box, everything is fine! Isn't it? Let's also verify the numbers in the wallet!
In the wallet, click Rewards / Author Rewards on the menu. You will then see:
In the author reward history, it is found that the actual reward received for that particular post is:
7.600 SBD, 1.625 STEEM and 6.676 STEEM POWER
I would consider that STEEM POWER part of the reward is correct (6.70 vs 6.676). But the SBD part is significantly lower (10.05 vs 7.600).
Therefore, I double check my recent posts and plot the numbers on a spreadsheet.
Summary of findings
Within the 21-days reward history, I had 9 recent posts covered. And out of these 9 posts:
- 3 posts received a smaller amount of SBD.
- 8 posts received a smaller amount of SP.
- 3 posts received some amount in STEEM. But this cannot cover the losses in SBD and SP.
It will not take more than a minute to check it out. On your steemit blog page, scroll down to a post at least created 7 days ago. Jot down the "Past Payout" details, and check it against your Author Reward History in your wallet.
I hope you won't say...
To clarify, above is my observation of my own blog and wallet. It does not necessarily a problem of steemit. In case any expert who knows the answer, please be kind enough to share your view in the comment.
Thank you for reading
You got a 40.00% upvote from @proffit courtesy of @gsxr!
When you first sign up for an account, we are told that the "payouts" that are predicted are not set in stone. They are estimates, not pure guarantees. This is due to the fact that the price of Steem or SteemBackDollars changes -sometimes by the second. Prices rise and fall all the time. All rewards are not calculated until the exact maturity time arrives for each one that comes "due." Think of the stock market: if you sell 3 stocks at 3 separate times of the day, each one should bear a different price. Also, if you look at a stock's price on Tuesday and it's going for $x.xx you can't expect that same price to hold when you move to sell it off on the following Friday. It may be higher or lower than it was on that previous Tuesday.
Ok, now factor in your Rep, and your voting power (for curation rewards) Both of these bear some small impact on your payouts. All in all, just keep in mind that the projected "payout" numbers are only estimates -even if the actual payouts are in fact pretty darn close to them sometimes.
Thank you for reading and comment. I aware the "estimated payout" can be changed according to Steem/SBD price during the 7-day payout period. What I don't understand is that "after" 7 day when the "pending payout" already changed to "past payout", the figures shown in the "past payout" does not match the figures shown in the author reward amount (inside wallet). 10.05 SBD vs 7.6 SBD, the difference is more than 20%.
Nice information . Upvoted !
Thanks for reading. Hope this help.
You got upvoted from @adriatik bot! Thank you to you for using our service. We really hope this will hope to promote your quality content!
You got a 31.25% upvote from @bluebot courtesy of @gsxr!
You got a 15.04% upvote from @sunrawhale courtesy of @gsxr!
This service has been created with the help of @yabapmatt so please show your support by voting for him for witness!
You got a 34.34% upvote from @oceanwhale With 35+ Bonus Upvotes courtesy of @gsxr! Delegate us Steem Power & get 100%daily rewards Payout! 20 SP, 50, 75, 100, 150, 200, 300, 500,1000 or Fill in any amount of SP. Click For details | Discord server
You got a 33.33% upvote from @lrd courtesy of @gsxr!
@fishbaitbot is luring fishes with a 33.33% upvote thanks to @gsxr!
Delegate to the @fishbaitbot and get 98% of the profits which is higher than all upvote bots! Click on one of the following links to delegate 50SP, 100SP, 250SP, 500SP, 1000SP or 5000SP.
You got a 9.74% upvote from @thebot courtesy of @gsxr!
Please delegate us Steem Power & get 97% daily rewards share!
20 SP, 50, 75, 100, 150, 200, 300, 500, 1000 or Fill in any amount of SP.
Click For details | Discord server