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RE: The one about Payout Value

in #steemit7 years ago

You may be completely correct. I was under the assumption that the numbers shown were based on USD values at time of posting based on a three day average of Steems value, thus it wasn't SBD's rise that gave meteoric posting values, but rather this latter bout where we have seen Steems value rise. If anyone has better information I welcome them to chip in.

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The way it works is easy to understand, but difficult to calculate. I'll give an example:

You post an article where you've selected 50/50 as your payout preference, and at the end of the 7 day period, it's sitting at $40 in value.

75% of the post's value is given to the author, while the remaining 25% is shared among those who curated, so your end result is $30 to you and $10 to curators.

That $30 is then split in half due to the 50/50 payout preference, so you'll receive $15 of it in SBD. The remaining $15 you will receive as Steem Power, and that amount is based on Steem's value at the time of payout. If Steem is worth $5 at payout, then you would receive a total of 3 Steem power.

Your final reward total would be thus be:
15.000 SBD and 3.000 Steem Power.

If you did a 100% Power Up on your post option, you'd receive everything in Steem Power. In that case, you'd get $30 (75% of your post's value) / $5 (Steem price) = 6.000 Steem Power, or 2x what you'd earn at a 50/50 payout.

I hope this helps! :)

Thanks for clearing this up.

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