Best Upvoting Strategy – SteemIt Voting Power Matters

Voting and upvoting Power is yet not understood by most of the people; mainly the new users are unware. I will try to describe all this in this content so that everyone may be able to understand it.

 We all know that each 100% vote costs your 2% voting power, and every 24 hours, your voting power restores 20%. This means that you can vote 10 times at 100% one day and the voting power will remain the same the next day.The question comes: Given a 30 days period, and approximately 60% voting power at the day 1, is there a much bigger gain to restore your voting power to 100% (wait 2 days) ?I always thought there is not much difference in terms of total curation earnings until today.. I wrote a VB script that reveals the truth.The first strategy, just vote 10 times 100% per day every day in the 30 days’ period. Assume 10K SP 100% gives 1 SBD. And suppose the 10 votes are done in a row (the VP restored during upvotes can be ignored)

Function Strategy1(ByVal sp, ByVal vp, ByVal days)



    income = 0



    While days > 0



        For i = 1 To 10



            income = income + sp * vp / 10000



            vp = vp - 0.02



        Next    



        vp = vp + 0.2



        days = days - 1



    Wend 



    Strategy1 = income



End Function 

The second strategy, let’s wait a few days before the VP is restored, adding a parameter rest in the unit of days.

Function Strategy2(ByVal sp, ByVal vp, ByVal days, ByVal rest)



    days = days - rest



    vp = vp + 0.2 * rest  ' 1 day restores 20%



    If vp > 1 Then



        vp = 1  ' voting power can only be maximum 100%



    End If 



    income = 0



    



    While days > 0



        For i = 1 To 10



            income = income + sp * vp / 10000



            vp = vp - 0.02



        Next    



        vp = vp + 0.2



        days = days - 1



    Wend 



    Strategy2 = income



End Function

In my case, I have 10K SP so let’s assume these values:

steempower = 10000



votingpower = 0.6



daysofcuration = 30



restoredays = 2

So the simulation gives:

WScript.Echo ("Strategy 1 Max Income = " & Strategy1(steempower, votingpower, daysofcuration))



WScript.Echo ("Strategy 2 Max Income = " & Strategy2(steempower, votingpower, daysofcuration, restoredays)

Strategy 1 Max Income = 152.999999999999



Strategy 2 Max Income = 254.799999999999

This is a the bigest difference! The lower voting power, longer periods, the bigger difference! So…. you might consider letting your upvoting robot take a few days’ rest…Correction @tumutanzi told me my understanding was not exactly right. The 2% loss is to the current voting power, so instead of vp = vp – 0.02 the correct version is vp = vp * 0.98.So the correct version to emulate the Steemit curator is (you can vote 11 times per day)

Function Strategy1(ByVal sp, ByVal vp, ByVal days)



    income = 0



    While days > 0



        For i = 1 To 11



            income = income + sp * vp / 10000



            vp = vp * 0.98



        Next    



        vp = vp + 0.2



        If (vp > 1) Then



            vp = 1



        End If 



        days = days - 1



    Wend 



    Strategy1 = income



End Function 

Function Strategy2(ByVal sp, ByVal vp, ByVal days, ByVal rest)



    days = days - rest



    vp = vp + 0.2 * rest



    If vp > 1 Then



        vp = 1



    End If 



    income = 0



    



    While days > 0



        For i = 1 To 11



            income = income + sp * vp / 10000



            vp = vp * 0.98



        Next    



        vp = vp + 0.2



        If (vp > 1) Then



            vp = 1



        End If      



        days = days - 1



    Wend 



    Strategy2 = income



End Function

And this gives totally different results,

steempower = 10000



votingpower = 0.6



daysofcuration = 30



restoredays = 2



 



WScript.Echo ("Strategy 1 Max Income = " & Strategy1(steempower, votingpower, daysofcuration))



WScript.Echo ("Strategy 2 Max Income = " & Strategy2(steempower, votingpower, daysofcuration, restoredays))

It indicates there is NOT much difference at all!

Strategy 1 Max Income = 279.67590316366



Strategy 2 Max Income = 278.976108950286

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