New Payout Feature! The Math Doesn't Add Up! What Do You Think?
New Payout Feature
Today I noticed Steemit.com developers added a new feature that can make our life on this site much easier when I comes to quickly calculating estimated payouts. The new feature has been added to the post payout drop down menu. Now we can see the payout split between SBD and SP. This is a cool feature I just wanted to let everyone know to check out.
Question?
This is what I don't understand. Let's use the above example:
- Pending Payout - $1.17
- (0.58 SBD, 0.15 SP)
The default payout structure for this post was 50/50. If we do some quick math we can see the following:
- 0.58 SBD = 50% of the $1.17
- 0.15 SP = 13% of the $1.17
- Total Payout = 63% of the $1.17
What happens with the remaining 37% in this case? I did a few examples and they all worked out to about the same. Can someone help explain this! Thanks
As far as I can tell.
The site assumes SBD is worth $1, so 0.58 SBD = 58c.
0.15 Steem (at current Steem value is about $4) would equate to the other 58c.
Hope that helps :)
Bingo! Best explanation yet! I’m buying that one! Thanks @pjau
NP! Yeah and it's probably not even current price, it's probably the internal 3.5 rolling average for the Steem price. So if it's off a bit sometimes that would be why. But I think it's been fairly stable the past few days so it will look right still ;)
Yes! Great info! You’re the first person to explain this in a way where the numbers at least came reasonably close to adding up. For me, that’s good enough! Thanks again brother!
Yeah it's just annoying that they never seem to explain anything. I know there is the FAQ but it doesn't tell you anything technical. I'm sure there's probably a blog that updates us, but I'm clueless to what it would be.
Hey mate. That’s the curation reward split, isn’t it?
I found your blog through a comment and I’m liking the way you think so have given you a follow. See you around!
Thanks for the follow @forexbrokr I'll hit you back with a follow. Seems like we're talking the same language! With regards to this post, that's not the curation reward split. I checked some old posts that had passed payouts split between the author and curators and almost the same amount (35%) is unaccounted for. Not that I'm complaining...I'm just OCD that way! Thanks for the comment!
thanks for shearing..very nice sir.