❓Answering Common Questions: Should I use 100% Steem Power or 50%/50% Payouts for my Post❓
One actually pays more than the other right now! Can you guess which one?
Q: What do these payout options mean?
Near the bottom right corner of where you type up your posts in Steemit's editor, you'll see a drop down box labeled Rewards letting you decide how to where to put what you earn. The three options are:
- Default (50% / 50%)
This is the option that's set for you at the beginning. When selected, the earnings made from that post (after taking out the cut for curators, typically 20-25%) have half given at Steem Power (using the 3.5 day average price of Steem) and half as Steem Dollars (which can be spent, traded, cashed out or powered up immediately if desired.
- Powerup 100%
The powerup option will put all earnings from that post into you wallet as Steem Power.
- Decline Payout
This option is just like it sounds. You will not earn ANY payout on this post.
Q: Which payout option should I pick? You told me one pays more?!?!
Short Answer: Right now the Default (50% / 50%) option actually gets you more money.
Why you ask? It's because when you are paid out in Steem Dollars, it's being given at the rate of 1 SD = $1. But lately, Steem Dollars are selling for more, right now being at $1.50. It had been around $2 for a while up to a day or two ago.
When you choose the 100% Steem Power, it just uses the current price of Steem, not letting you get the extra value out of the current Steem Dollar!
Choose the 50/50 split for reward payouts while the Steem Dollar is worth more than $1 US dollar!
Feel free to ask me anything. I'm here to Help!
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❓Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them? 💲
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Why Newbies Should be Excited about the next Hardfork
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Don't Miss the Show! Follow the Steemit Talk Podcast (STP) Account
New STP Website!!
Are you new to Steemit and Looking for Answers? - Try https://www.steemithelp.net.
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Guy Fawkes with Euro
thank you, that clarified it for me, because i was asking me the same question. steemit is a little confusing at the start.
Happy to help out! :D
There's definitely a lot that can be learned on here...definitely don't let it overwhelm you!
As a newcomer, thank you for this! I appreciate the clarity.
I'm more than happy to help out. I've written some other guides too if useful...but feel free to ask me anything that comes to mind. :)
Welcome to Steemit!
Wonderful! I've followed you and look forward to connecting with you. Thanks again :)
Anytime! :)
And just like that you're rep level is 32! Woots! :D
@sykochica
I've been trying to figure out which is best so I really appreciate your posting this! This is what I like about Steemit.... We have a platform where we can exchange helpful information and ideas, along with a lot of other very cool stuff! :)
Very happy to be able to help out! I'd gotten this (good) question a lot and figured it was worth spelling out, especially with the Steem Dollar being really high lately. Once it's back about a dollar it wont matter, and if it goes low (under a dollar) than the 100% SP option would actually be worth more.
Oh yea...this community blows others away! :D
@sykochica
You actually explained it quite well and it doesn't seem so complicated any more so thanks again! :)
I'm still learning about crypt, so now would be great to trade my sbd to btc if I wanted to or to power up because of how the steem dollar is pegged?
I have to careful to not necessarily give trading advice, just cause of the can of worms it can entail.
What I can say, is that there's are mechanisms (such as setting the SD interest in your wallet to 0%) that try to keep the SD within 10% of $1 USD (between $0.90 - $1.10). So right now it is pretty high compared to that.
Drop me a line in steemit.chat and we can discuss this a bit more. I'm the same name in there. :)
ok coming..
Great post tjanks
Thank you!
Hello,
Grateful for the post! Newbie here, will follow you.
Thank you
Hiyas. I'm happy to help out! And thanks for the follow.
Always feel free to ask questions.
This is super helpful. I just beacme a Steemian myself and had a hard time figuring this out. Thanks for clearing this up for everyone! Deff upvoting this post!
I very happy it was helpful! I've written some other guides recently if useful for other questions you might have. Or always feel free to ask whatever, I'm here to help.
And welcome to Steemit!! :D
Thanks for this post, I had read that at the beginig it helps to power up 100% because it gives more value to your account, but I'm not quite sure how that works. Could you explain it, please? Also I followed you and will be reading your other posts.
No problemo! :)
The short answer is that when our posts payout, any portion in Steem Dollars are given as if 1 Steem Dollar = $1 US dollar. However, for a while now, these are really worth and sold on the market for a bit over $2 US right now. So, on the half of the author reward you would get in Steem Dollars (with 50/50 rewards set), you'd literally be getting paid twice as much. (i.e. the current $2 US price for SBD compared to the $1 US it's paid out as.)
You can still exchange all your Steem Dollars for Steem, which you can then power up. So in the end, with 50/50 rewards, you could still choose to power it all up...you'd just have more to power up.
I hope I didn't make it more confusing.
@sykochica Thank You for the clarification !!
UpVoted & Following now... please consider following me. Thanks again !!
Definitely happy to be helpful!
And thank you, I'll take a look. :)
Thank You... >> : ~ ))
Thanks for this information. I am now following you!
Glad to be helpful!
And thank you for the follow! :D