Post Payouts in June and July

eroche (67)in #stats • 7 years ago (edited)

Despite the flurry of activity in the altcoin markets the price of Steem has been very stable over recent weeks. After hardfork 19 (HF19) this flat price has given the reward pool a chance to stabilise, which we can see in the following graphs.

I have used data from steemdata.com by @furion, for this analysis.

How have aggregate daily payouts for posts and comments progressed in recent weeks?

The horizontal lines are a range between which we would expect daily payouts to be, assuming a fairly stable voting pattern. Payouts will deviate outside this range depending on the daily R Shares. Clearly there was a huge increase in the votes, voting power and R Shares following the June 20th Hardfork. R Shares is the weight your vote has, it depends on recent voting history and your Steem Power.

The above graph can be broken down into two components; Posts and Comments on Posts.

The lions share of rewards go for posts. Here is the breakdown for rewards on Posts excluding comments.

Comments are significant for some authors and are a great way for new people to Steemit to build connections and start earning some Steem.

Notes

Daily Steem Creation

According to steemd.com the current supply of Steem is around 250m, and at a 9.5% inflation rate this implies around 62k new Steem a day is produced. 75% of this goes to post rewards (Comments, Authors and Curators), i.e. around 46k Steem a day is the daily fund for post rewards.

Payouts

Since the beginning of June the price of Steem has ranged from 0.80 cents all the way up to 2.80. These prices and the 46k daily Steem for the reward fund would suggest that the daily payouts should be somewhere in the range of $37k to $128k.

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7 years ago in #stats by eroche (67)

$10.94

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digimad (49) 7 years ago

I don't understand why the rewards were so much higher in June? Surely it should be linerarly proportional to the steem price? i.e. 2.80/1.31 x daily rewards today?

$0.04

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eroche (67) 7 years ago

Daily voting is variable but the daily steem creation is fixed. For that reason if there is a change in the voting behaviour or weight then the rewards pool can be in surplus or deficit for a period. After HF19 there was a huge change but the above graphs show that the daily payouts are back to a more stable level indicating the rewards pool has stabilised.

If voting patterns and the rewards curve were unchanged, all other things being equal, then the payouts would be proportional to the steem price. That is the key driver for the aggregate payouts over the longer term.

$0.00

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