Updated Price Calculation

in smartsteem •  11 days ago


Greetings Steemians,

we hope you're as happy as us, over the recent STEEM price-pump!

As you might remember, 3 months ago, we published a post (Fairer Price Calculation), where we explained our new way of calculating vote-values & more. The reason for this was the dramatic price drop of STEEM (down to 20 cents) and the resulting SBD debt-mechanism.

Without going too much into the tech-detail, the SBD debt-mechanism isn't active anymore, which means were able to go back to using the official internal STEEM price for our vote-value & other calculations.

Now, it could be that you've been seeing some small deviations between the numbers on your Smartsteem.com dashboard and the numbers on Steemit, Partiko & other Steem interfaces, but rest assured, those deviations should either disappear completely or be so small that you're not even going to notice them.

However, please keep in mind, that small differences are always possible and that we're doing our best to offer a fair & transparent service to all of our users - regardless if you're a promotion-buyer or promotion-seller.

You've probably also noticed some other small changes on our website over the recent days, but we'll talk more about that in a separate post.

With that said; keep on being active on Steem!

Sincerely,
Team Smartsteem


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steem moon soon

Am waiting for the Steem price to go back up and the things will normalize..

Posted using Partiko iOS

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So do I, Today I have bought 82 steem power ;)

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You should be happy about this decision in the future.

Posted using Partiko iOS

There is only one thing i have trouble understanding.
I am selling 5,225.06 SP to @smartsteem and vote are going out as they should. The vote calculator tells me that i should receive 2.221 STEEM a day with a current value of $1.043 a day (This is already without the 25% cut for smartsteem). The last 24 hours for example i have earned 0.83 STEEM and 0.25 SBD what is a total of +/- $0.64.
Frequently the amount is lower, only sometimes it comes close to the estimated amount, but my vote % is constantly on 80%.

I have calculated just a moment ago with the currently market prices that are going up (thank god). But as the market was not high past days the results are a little to low. Meaning i should have got more then i had right now even with the 25% cut.

To clarify: I took the amount of est. Steem on the vote calculator and converted it do dollars. Then i took both Steem and SBD income from my wallet and converted both to dollars and added them together.
The result in actual $$$ is at average 40 / 50% lower then the vote calculator shows as estimated.

If my vote power was like 95% now then i understand, not all power got sold. But my power is constantly around 80% and votes are going out all the time.

So why is it that i do not receive the amount that is promised ?
That the final result can differ a couple of % i can understand but not constantly 40 to 50%

If anyone knows more about please share.
Many thanks.

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Hey there @bumper,

We appreciate your comment.

Keep in mind that the calculator is just a rough estimation, so you shouldn't put too much emphasis on what you're supposed to earn. And to make this clear: we're not guaranteeing/promising a specific revenue.

But what we are doing is to create the best deal for vote-buyers & sellers alike. This includes making sure that votes are being sold, instead of VP stagnating at 100%.

Sincerely,
Team Smartsteem

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@bumper Is better already to delegate that amount of steem with 20% you gonna receive around 90 Steem in 4 weeks so around 3+ Steem/day!
All the time just test what is better for you 😎

Keep up the good work. You guys are one of the best services in the chain.

Posted using Partiko iOS

Hi this is @hangin yesterday i transferred 10 steem for a upvote on a post but as till now it still has not been honored can you please look into it and upvote my post please i transferred the 10 steem through eSteem Surfer

Here is the link from steemit.com

https://steemit.com/marketfriday/@hangin/marketfriday-initiated-by-dswigle-food-fair-in-bangkok

If you can upvote please refund my 10 steem. Thank you !!

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Hey there @hangin,

transfer memo's need to follow a specific format, which includes either https://steemit.com, https://steempeak.com, https://partiko.app or other interfaces.

Your transfer didn't include this. We've gone ahead and added it manually. Vote will come in once the next bid-round ended.

Sincerely,
Team Smartsteem

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Hi @smartsteem i sent you 5 Steem yesterday to upvote a post for me i did it with steemit.com but there hasn't been any upvote as yet. Please look into. Thank you.

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Hello @hangin,

as we told you the last time, you need to add https://steemit.com to your post-link. Otherwise, our system won't detect that you're requesting promotion.

We've gone ahead and changed it manually, but please don't forget again.

Sincerely,
Team Smartsteem

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Thank you for your efficient response i understand it sounds like transfers using esteem surfer are not the way to go i will do them through Steemit.com like i was before. Thanks for your info on that and i will be looking forward to the upvote. Thank you.

My return from delegation is almost 40% less the past few days why is that? Should be getting nearly 5 steem a day, now im getting like 3.5 or less. Its been reducing the past week or so but last couple days alot less.

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Hey there @mentalhealthguru,

Thanks for asking!

The estimation of 5 STEEM is exactly that: just an estimation.



Payout can fluctuate between days/weeks, depending on how many people are bidding/overbidding. Just today, bidding was halted for roughly an hour due to not enough bids. But rest assured, that's something we're looking into to automate, to prevent losses of ROI.

Sincerely,
Team Smartsteem

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Ok thanks for the response

Posted using Partiko Android

Congratulations @smartsteem! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You received more than 45000 upvotes. Your next target is to reach 50000 upvotes.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:

Are you a DrugWars early adopter? Benvenuto in famiglia!
Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Really best services in the chain Stay blessed

don't have up to:

Transfer 5.000 SBD to smartsteem https://steemit.com/photograph/@provat/hora-krishna

Screenshot_10.jpg

please upvote or refund my SBD.

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Hey there @provat,

You've been blacklisted due to violating our Terms of Services.

We've also warned you in advance that future promotions won't be refunded: https://steemd.com/tx/84567152bd114127056502a98d4c996b11e588ca

Sincerely,
Team Smartsteem

@smartsteem thanks for reaching out and connecting with me! Absolutely interested in getting involved! Going to your website now!! Again thanks a lot! :)