Voting Power Explained. What is it; Why it matters and How to use it Efficiently & Sufficiently. [+bonus news!]

in #steemit6 years ago

So, I wanted to research and write about another topic but yesterday I was challenged by a friend and I needed to make this post. Many steemians have written about Voting Power and some of the most helpful ones are to be found here by @scrooger or here by @felander

Official Steemit Frequently Asked Questions

In the steemit FAQs you can find the below important information:

Voting and Curating

What is my voting power?

Voting power is like an "energy bar" in a computer game that goes down a little bit every time you vote. You start out with 100% voting power. Every time you vote, you will use a small amount of your voting power.
As you use more of your voting power, your votes will carry less influence. A vote with 50% voting power left will be worth 1/2 as much as a vote cast with 100% voting power. Not to worry, the network recharges your voting power by 20% every day.


How many times can I vote without depleting my voting power?

Every 100% vote you cast will use 2% of your remaining voting power. Your voting power will recharge by 20% each day. You can vote more than 10 times per day, but each vote will be worth less, and it will take longer to reach full voting power again.

Casting a Vote

There are two three ways to cast a vote
(a) New users vote by 100%. Every time they upvote, a 2% of your Voting Power is consumed. So, with 10 votes you already have an 80% Voting Power remaining.
(b) Users that have more than 500 SP (Steem Power) have a bar, with which they can upvote using a bar selecting the percentage of vote they want to use. If for instance you select 50%, then you will consume 1% of your Voting Power
(c) Users that use busy.org independently of their Steem Power, they can assign the percentage of their vote.
In order to do that, visit the settings and enable the slider

enableslider.jpg


What if I wish to vote more and go less than 80% Voting Power?

Why not? This is entirely your decision.
You should keep in mind that your Voting Power regenerates a 20% every 24hours.
Also, please note that you will
(a) Get less curation rewards and
(b) Your vote will have less value to the people you are upvoting.

Should I make discounts when I vote for content I love?

My reply is, that it entirely depends. I have seen good friends of mine at times to have 9% or 16% VP. I myself, have managed to go as low as 35% once! This can mean that for a little bit, you do not care about numbers .. so you just ...

spread votes & happiness like confetti ..


source

It is important that you know exactly what Voting Power is, how to control it and how long it takes to regenerate. From that moment on, the decision is absolutely Yours to take.

Is Voting Power connected with Bandwidth?

Absolutely Not. They are not connected to each other. SP is in your 'wallet section' and is how much Steem Power you have earned. VP is how much energy you have left and regenerates by 20% every 24h. Bandwidth depends on every action you perform in the block chain.
Read more about bandwidth

Where can I check my VP?

You can check the below tools and use whatever suits you more:

Bonus Tip! Did you know that Busy has added notifications?!?!?!? I just found out!

notification.png

Thank You for visiting!

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I like Steemnow very much, it has some useful information, other than the voting power.

It is a favorite also for me, this is why it comes first in my above list of tools :)
It is an honor you are visiting my blog!

I wanted to wait till I get 100% VP. But I wanted to vote now :D

I was checking the busy notifications again and saw that you had just commented. It seems that it shows you the wallet transfers too!
Thanks for visiting Dev :)

GINA informed me about your reply. But busy.org notifications seems cool. It is even notifying if you are mentioned in a post etc. COOL!!

Yes, I believe that busy is worthy of a second review by me.. soon!

Πάρε ενα 100% λοιπόν έτσι για να συρθώ στα πατώματα για χάρη σου 😂😜

χαχαχαχαχαχαχα
😂😂😂😂😂😂
Είναι απο τα ποστ που αλλιως τα ξεκινήσα, αλλου ηθελα να τα παω, αλλιώς μου βγήκαν και βιαζόμουν να φύγω και επρεπε να το κλεισω!!
Έπιασες όμως ακριβώς το νόημα! 😂

Είσαι θεότητα 😂

Στον επόμενο τόνο η ώρα θα είναι unfollow και mute (είμαι στο κινητό το νου σου 😂😂😂)

Πολυ καλοο!! Καλημερα και καλο μηνα

Ευχαριστώ, επίσης!

να ρωτησω κατι ? απο std se steem πως γινεται?

Μπορείς να δεις εδώ οδηγίες.
Αν χρειάζεσαι βοήθεια έλα στο greek-trail discord να μου μιλήσεις.

Ευχαριστω,ενταξει βρηκα πως γινεται :)

Κατερίνα φτιάξε στο youtube series for newbies on steemit, πιστεύω θα τα πας πολύ καλά!!!

Είχα σκεφτεί διάφορα, αλλά υπάρχει πολύς κόσμος που το κάνει και με πολύ καλά αποτελέσματα!
Ευχαριστώ πολύ πάντως :)

This is very good information, especially the bit about busy.org... Thanks for sharing knowledge!

This post was picked at random and resteemed to 5200 followers.

I am not a bot. Upvote this comment if you like this service

Reply "REMOVE" if you do not want this comment displayed on your post

Παλι καλα που εχουμε και εσενα @katerinaramm και μας ενημερωνεις για θεματα του Steemit.Παντα μαθαινω και κατι καινουργιο απο σενα.Μπραβο-Πολυ καλη δουλειά-όπως παντα! Καλημέρα και καλό μήνα!

giati xanw ta kalitera posts.... twra to eida :[

λολ!
Γράφω κάτι που δεν το ήξερες εδώ;

Kapia pragmataki einai [pio] ksekathara twra.... K episis mporw na stelnw to link auto se allous pou den kseroun !

Ah yes!
I thought I had overseen the busy notifications before, but they are indeed new?
Great feature that will push me to use busy more and more 🤗

Thank you! I just noticed that you can see the mentions, resteems, new followers, which you could not see before. It is very helpful to be able to have this information in one place and not have to enter 3-4 different apps to check.
Thank you again for visiting and commenting!

I am curious as to why (lately) the busy boost (upvote) isn't issued anymore, or hardly, do you know if anything has changed ?

No, but I can look it up :)
If I find anything, I will reply here.

Thank you :)
I am experimenting now with my last post,
and see if it makes a difference if I initially give myself my
first upvote (I usually don't) ,
I can't figure out what has changed
~missing that little busy boost :D

Κατερίνα καλημέρα!! Πολύ καλή ενημέρωση και ιδιαίτερα για τους καινούργιους είναι πάρα πολύ χρήσιμη.

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