I need Steemit related help - I'm confused
I'm confused about revenue.
Steemword says that my all time total $ is just over $101 ish
It also says that the 'finished' posts total just over $52 ish
I go to my wallet and it says that my Steem is appx $22.
--- I understand that my earnings are divided 50/50 into Steem dollars and steem or Steem Power. Got that.
But, 50% of what? Is that where I'm getting the twenty something amount? Being half of the $55 ish dollars? So, if I were to choose to cash out, I could only cash out $22 (minus the service fees)?
Or, are the earnings 50% if the "forever earnings" of $101 ish? Which would provide an estimate of $55ish to pay out.
And, what is powering down and powering up?
---- I plan on sitting on the earnings for now with intent to treat it like stock but, I need to know what exactly is going on here.
Please help!! Thanks yous!
Posted using Partiko Android
Very good explanation from @toofasteddie, but for you @anaclark, you can't power up SBD directly. You need to exchange them to STEEM, then power up. Only STEEM can be powered up, not SBD.
Also Ana, many interfaces show this symbol '$' for payout. That is not USD. That can be, depending on your payout settings:
50/50 means you get 50% in Steem power and 50% in SBD.
So, if your post is 1$ you get 75% of that amount divided 50/50 between both tokens.
75% is the current proportion on which you are rewarded, 25% is for people who upvote you, more or less.
Those 22$ are actually 22SBD that you can power up or withdraw to exchanges for trading.
If you want to power up them you should exchange first your SBD for Steem at the internal market, very easy.
I recommend you to power up them so your vote power will increase.
If you power down your Steem power you unstake and your voting power decrease.
SBD and Steem are both tradable in many exchanges.
Posted using Partiko iOS
To start with:
You earn:
Steem (the coin/token) which you can use to power up (your SP) or sell so you have cash. That is the first amount you see.
Next you see your SP = Steem Power. The more power you have the easier it is to post and comment and the more worth your vote is.
You can power up by using Steem or power down (if you need money)
You also earn other Steem (the last amount the app Partiko calls it Steem dollar) which you can sell if you need money. I do not believe you can use it to power up. This is the last amount you see.
If you write a post you can choose how the amount you earn with it will be divided.
Options are:
I hope this helps you 💕
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