Curation Rewards Explained|HOW to Vote-WHEN to Vote-When to STOP...SIMPLE & EASY Explanation..

in steemit •  8 months ago

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This is probably going to be one of the most complex topics you will have to learn when it comes to this steemit platform. I'll be honest, it was quite challenging to scribble down the numbers and graphs and what not. Then I remembered it doesn't have to be a complicated post, I am going to share with you in layman's terms what I have gathered from my intensive research in regards to Curation Rewards, what you need to understand and do inorder to maximise on your rewards.

But first, I will assume you are as green as grass and start with the very very basics..

What is Curating Posts/Curation?

In a nutshell, curating posts basically means reading quality new posts that have been created by others and giving them an upvote if you find them valuable. This upvote lets other readers know that you (as a curator) found value in that particular post & it's worth their time to read. In turn, you get a reward for taking your time to read and for helping others save on time, hence Curation Rewards..

Understanding Curation Rewards Further..

The first thing to note is, curation reward is what you receive when you vote on a post & it is ONLY paid in Steem Power(not Steem Dollars,SBD).

If you read Voting is Power,then you by now understand that this Steem Power increases the power of your upvotes.This means, with more steem power, you become a valuable curator as you will continually help the platform identify more quality authors of articles as you help yourself in the process.

Secondly,the current split of curation rewards is 75% of post payout goes to the author (owner of the post) and 25% goes to the curators.

It is also worth to remember;

The more you vote,the more your steem power reduces..That is why it's recommended to vote 11 times a day.

(For more details on this refer to Why Voting is Power)

Now that we understand what curating posts means and what curation rewards are, isn't it only fair to understand how steemit calculates curation rewards and what we as minnows can do to maximize on it?

Whilst they say Knowledge is power, I must admit that after doing thorough research on this topic, I am of the conclusion that understanding EXACTLY how curation rewards arecalculated is a long complicated process that requires indepth understanding of mathematics. I don't know about you, but I don't particularly hold a masters degree in mathematics and hence it was abit challenging.

One thing I can do is Share a general summary of my findings in the simplest of terms possible...

Factors that Affect Curation Rewards...

1. Number of Voters before you

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Source

Curation rewards are higher for early voters/curators than for late curators. Does that mean you make more money if you upvote a post immediately it's posted?HELL NO. If it was so we would all be running to the bank. I'll explain shortly below.

While we are still on votes, it is worth to note that the order of upvotes makes no difference to the overall post payout,whether small votes are made before large ones doesn't matter.

2.Voting Power

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I still insist on reading Voting is Power for an in-depth understanding how voting power works.

But just to recap;

The more you vote,the less your voting power becomes which therefore goes without a say that curation rewards decrease with every vote.

3.Steem Power

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The more Steem Power you have the more powerful your upvotes are and hence the more curation rewards you receive.Since Steem Power increases your curation rewards when you upvote, I highly recommend buying some if you can afford it. Spare $50,$80,$100 etc and power up every other week. BUY!BUY!BUY!

Quick Recap;

To maximize on your votes, vote roughly 11 times in a span of 24hours at 100% VP,and remember to spread out your votes over the day(24hrs),if you don't spread out your then your voting will go below 100% and that means your upvotes will be worth-less and so less curation rewards.

Example;

Let's say your upvote is worth $1 at 100% VP,

If your Voting Power falls to 90%,you will only be able to give $0.9 upvote.

At 50% VP your upvote would be $0.5

Now calculate accordimg to your own Voting Power...

4.Time After Publication

This is going to be the highligh of this post. If you don't understand anything else please understand this.

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Source

Earlier I stated that early curators get higher curation rewards than late curators. This however doesn't mean you should jump in to curate a post immediately it's published.No. If this was the case, everyone would be quick on curating posts by well-known authors. Luckily, the platform is set up in a way that helps to curb this immediate rush.

In summary, the curation reward system is set up as follows based on time after a post is published...

0-15 minutes- The author receives 99% of curation rewards
15-30 minutes-The author receives 50% & 50% is distributed among curators
30+ minutes-The curator gets 100%

It therefore goes without a say that he most ideal post to curate/upvote would be one after 30 minutes with a maximum of 5 voters, which ends up making tones of money in the next 7 days- However,let's be realistic, this is nearly impossible considering the number of people joining steemit on the daily.
The way I see it, it's best to jump in at 50% chance because it's better than 0%-30% etc

So...In Conclusion... the task is on you to find and vote on valuable posts that you feel have the potential to earn so much more in the course of the week. I still highly recommend to vote and follow people who's content you like, and have fun while at it!

Thank You Boys & Girls :)
I hope you found this information valuable , as always Love &Light to you.

Sincerely,

-@elsiekjay aka Elsie.

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I learned nothing from your post. This is the information I was looking for:

Curation rewards are higher for early voters/curators than for late curators.

I want to know how this works. What is the equation used to give the early curators more rewards than the late ones.

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Sorry if her efforts left you so irritated that you had to leave a negative comment. However i understand your fustrations as curation is difficult to fully understand. I hope the above link was helpful. Article hopefully will be revised to better reflect the very point your fustrated about. Please have a wonderful day!
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This post touched botty's mechanical humanly heart, and you are selected to feature in the @Rougebot's Curation post Link here.

Well Done Human, join this bot and other humans in this Discord Server for MSP Minnow Support Project.

Really glad I came on steemit and followed you. Learning alot from you. Kudos to you

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We are all in this together. Let's keep on learning. Knowledge is power. Xx
Glad I met you too :)

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Yes ma'am.
Happy steeming

I added this to my how to list which will go under all of my posts linking to you and mentioning your name, good job!

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Oh wow. I am so humbled.
Thank you always for the support. Means alot to me.

Thanks for the insight dear.. This post and others show that indeed , you are a great teacher...thanks very much
From today, i will always check my watch and the number of voters... Lol

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Haha. Well, you dont have to check your watch, steemit does al the work for you. Just need to check how long a post has been online for. Thank you for your comment

Its very imperative to understand that curation reward has many variables attached. I have a query. I assume that in post,
"the order of upvotes makes no difference to the overall post payout,whether small votes are made before large ones doesn't matter" you mean to say that payouts are according to upvote weight . If someone has larger upvote value will get maximum. Isnt it?

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It's depended on the upvpte weight and the amount of steem power the voter has. More steem power equals more curation rewards.

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yeah agrees that.....!

Great article! Dont forget under utilized tags can be really helpful! I couldnt be more proud of you and how quickly your becoming notorious!

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I have the best teacher don't I? :)
I haven't given much thought to my tags, usually I go with the popular ones for the day, but I see what you mean.xx

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It would be great if you can share your insight on tags on steemit and how to properly use them, platforms differ from one another.

good luck for all

Some edits need to happen like 0-3 mins author gets 100% of rewards and 4-15 mins its a ratio that favors the author until 15 mins when its 50/50

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I thought it best to generalize. Should I edit it?
Thank you always for your guidance, I couldn't do it without you xoxo :)

Incredible work!

This post proves to be a worthy post for the #dynamicsteemians initiative, bringing knowledge, people, and resources together to succeed on the steemit blockchain. Support @dynamicrypto and @dynamicgreentk, the visionaries behind this cause and whom summoned me to upvote your post.

Currently there is a tier system in place that determine your upvote amount from @thundercurator, they are:

  • use the tag dynamicsteemians and receive a $0.05
  • use the tag and mention thundercurator in your post and receive a $0.10
  • use the tag and mention thundercurator and dynamicgreentk in your post and receive a $0.15 upvote from thundercurator

That being said…

BOOOOOOOOOM!!!

The ground shakes as incredible power lights the sky. The thunder tests the quality of your post and deems it worthy, rewarding it with a 300% upvote, comment and resteem from @thundercurator.

Increase your chances of a 100% upvote and support the project by:

Investors who delegate SP to @thundercurator are entitled to 75% of @thundercurator income after curation. Get on-board early and grow with us!

Wow @elsiekjay You have disclosed the most important messages about curation reward.. that is the most critical time to get the maximum for the author.

I have been so naive all these while but now I have learned.

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Learning is a gradual process @digitalmind ,happy to add value to this lovely platform

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You do great. Glad to know you in Steemit. Looking forward for future learning

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Great :)

Great article! I am new to STEEM and only had a simple grasp of how the rewards work. This article made it crystal clear! Thanks so much :)

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Oh wow. Thank you so much for your comment. :)

@elsiekjay the timing part is a nugget, this post will make most people stingy with their voting power starting with me :))).
Upvoted and Resteemed anyways.

A new follower of yours.

nice post

Thank you for this awesome information.

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My pleasure,truly.

After going through many posts about curators rewards systems, this was way easy to understand. Thanks....
I wanted to ask when does the reward reflects in the account???