My upvote value went up +25300% or anybody can be a voting whale !!!

in steemit •  3 years ago  (edited)

carzy

Usually my vote is worth around 2 Cents if i up-vote a post. I always went to the Section with new articles and gave writers with little to no-rewards my vote so they would be encouraged to write more. 

Today, i went to the Trending Section and after reading one post, i up-voted that post and saw that the post jumped up by 2.94  USD? What happened? Did i turn into a dolphin over night?  

whale 1


So this is weird, i had to vote another post, so i voted this one and to my surprise that went up 5.06 $ !!?!! (+25300% up? if my calculation is correct?)


2016-07-24 22.15.01

As i always try to understand things, i read the Steem Whitepaper , and on page 19 i found out that payouts are non-linear! This basically means, that if you up-vote a post which has already accumulated a lot votes and $ your Voting Power will multiply Tenfold or  Hundredfold  or maybe Thousandfold !!!

So this is great news, we are not that depended on the whales as i thought. Users like me, with only 1000 Steem can push your post significantly. If a whale than steps in, the magic happens and a posts jumps to 5000$ or 10.000 $..

I learn something new on Steem everyday, and i am super excited to understand the system better, please comment if you have any advice or best practices to share !!!

P.S. i just addet a picture with proof in one of the comments,  that it really works as i wrote. v1lson pointed out that the post count was not visible, so i voted a random post and you can see the post count !! 

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The upvote reward here is being captured by the author of the article. You won't get much for it yourself. But it's true, votes add up in a non-linear way so your vote can always help people a lot. So always vote for stuff you like and help shape the site.

thanks for sharing this useful information

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thank you

Congrats on writing the whitepaper

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haha ;)
yeah i corrected that! good catch seeing that before i corrected it !

Thanks for the article knozaki!

I just acquired 1000 steem power and will start using it on new users to see what effect it will have.

do you know what the bracket ( 106.000 ) below steem power is? I used to have that bracket with numbers in it but it just disappeared on me?

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It means delegated power. Steem sometimes delegates extra power to people with low power, to help give there vote some more weight! Unfortunately i don't think the delegated power contributes towards your curation reward!

Great post was wondering about that myself, but never put much thought in it up till I read your post. Makes sense now :) .

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yeah its interesting. and as you can see if i vote your post up. it only gives 1 cent now, as i have maxed out my voting powers already today !!!

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Interesting :) my is still worth two cents :)

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thanks for the vote man !

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haha mine is not worth anything :D

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it is!. it might only be worth 0.8 cents , but once someone else votes, it will go up!

thank you for the vote !

and if you already voted more than 20 articles today, your voting power just might be used up

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it would be interesting too see, if a whale stepped in and voted my post, too see how much this would affect the reward !!

This is good to know @knozaki2015 and thks for refering to whitepaper to best understand that the upvoting is not-linear. This is a valu-added post.

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Just gave You an up-vote and nothing happen :))) Maybe because I am on NEW posts page :p

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i just gave you a vote, and it jumped 1 cent. normally it would be 2 cent but my voting power is already maxed out !!

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exactly, as you have 20.921 Steem Power your vote will only give less than 1 Cent. but if more people vote, that will accumulate and than the 1cent will be given at one point (hope this is correct?)

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I am aware that my STEEM POWER is in it's infancy :) Reason why I give up-vote only when I have voting power more then 90%. Now it's 90.1274%
I am not spamming giving up-vote to everything hopping to get rich tomorrow. I want my votes to be accountable.

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thank you! i really appreciate your up-vote, so gave you my vote back.
i am trying to constantly providing good value content so please follow me .

Hello from italy! your theorie is correct. usually i vote i can give 0 cent. but now i vote, it give you 5 cent because many voting already. very interesting this is . i really thank you very much!!!

i just voted a post with 5000 dollar, and it went up very much 45 cents ! wow

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so 25000% is not the limit, it seems it can go up to 100.000%...
this is really really intersting. thank you for posting this.

i did not saw your post, thats why a had that question! ths for redirection.
but have my respect because you upvote the little fish .
so i realise that the payouts are non linear.
depends on what?
its better for me with 10 steem power to vote for bigger posts?
why to vote? i did not get anything on voting, only for comments. i looked on steemstats.
i am to small maybe for this game.

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i think it doesnt matter how much sp you have.
the timing when and which post you vote is important.

if you vote a post which is trending and has already lets say 200 votes and 380$ , than that one will earn you a bit more curation reward than a post with 0 votes and 0$ !

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a little bit unfair,

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i am still learning myself more about how it works. it might seem unfair, but until this point, everything they implemented seems to be working so far. so lets wait and see !

Yea, if you up-vote posts that have already an high payout your vote can bring many extra dollars. But still I for my part try only to up-vote posts that i really really like or posts that are good and relative new. The hole idea is to find new good posts and make them more visible through up-voting them. If others happen to follow your vote, you will get cu-ration rewards for helping good content to be visible and therefore helping steem to evolve.

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indeed. thats true. but i know try to vote 50/50.
great posts with already high numbers get my vote. and the rest goes to the NEW section. i balance it out now.

the best advertisement steem could get is a high reward. my first 5000 usd payout brough steem around 30 new users... as i told all my friend about it!

The more you participate it does matter. It does give you equity in the system and it is incremental. I think you have to take a long range approach. https://steemit.com/steemit/@iamwne/persistence-approach-to-steemit-a-practical-guide

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i liked your persistance approch and you got a vote there !.
bascially there is a voting time which is optimal etc. its a bit difficult, but i will try to find out more about the system.

you should power up your steem! you are losing everyday, as steem inflates

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Right now I am having to gain equity by using the system. I don't have spare capitol. So I try to posts that I value and hopefully they spur attention and discussion. So for me the path to success right now in the social network is to be social. As I can I will invest some capitol but for now everything I post contributes to my steem power. If you have not seen it yet there is a great dashboard that @jesta has been working on. It can give you good information on steemit and may help you find more opportunity in the system. You can find it at steemstats.com.

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Congrats on the Dan upvote, wow. That will give you some capital. Good luck!

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yeah ! that steemstats is awesome. thanks for reminding me.
i didnt read that steempower is vested for two years and put in some money but, in the end i am ok with it , as i totally believe in the potential of steemit !

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It is good to see that you have a long term perspective. I think that is what will make this last.

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i see that @dantheman https://steemit.com/@dantheman has voted your comment!
its great to see that he has read my post, and please use the $ his post earned you to power up and put more time into steem .

you can see that he alone can upvote a post by 222$ , imagine what would happen if he clicked a post which is already at 6000$ ... that post might just double in value ;)

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Could be. You're mentioning the Steemit Whitepaper in your post.
I remember reading it and I think there was there a mention that users should vote on about 20 posts a day to keep their Voting Power effective. Anything beyond that would decrease the quality of their votes. This puts things into perspective onto choosing the right content to vote on.

*I re-red the White paper just now but can't find that paragraph to quote it here...not sure if the document changed since I first read some time ago.

Were you the only one voting or did other votes bump the total up in addition to your vote? Many can hit that button at the same time. Today I voted simultaneously with a whale as a post jumped up 100's of $$$ as the screen refreshed. I just hope I hit the button a sub-second before the whale!

For today, you have my penny! $ .01

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i was the only one voting. as you can see in the screenshot attached

@knozaki2015 It's great to see your voting power increased by so much! That's really impressive. Congratulations!

I'm running an experiment to see if enough of minnows can band together to equal the posting power of a single whale, by baiting the bots.

To do this I'm upvoting everyone in that upvotes and posts here
https://steemit.com/introduceyourself/@williambanks/i-for-one-welcome-our-new-robot-overlords

I would love to have your input and feedback. Thanks!

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hi william. very interesting. i voted for you, but as its early it only gave 2 cents !.
i am not sure if we will be able to stop the bots. do you know if the only 4 posts is including comments?
that would be very discouraging!

congrats :)

As i know it works not this way... I think u upvote with someone in the same time.

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that would be an big co-incidence, if its happens 3 times in a row..
but i would be happy to learn more, if you have any more insights !

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I think this is the wrong display on SteemIt. Can u proof it on Steemd? Than i trust in it. (U can try upvote->un-upvote->upvote->un-upvote, u see that amount always change randomly)

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?
i dont understand what you mean. i made a screenshot before voting and than made a screenshot after the voting?

https://steemd.com/@knozaki2015
just have a look youself i dont know how to prove it?

i mean i can just make a video tommrow once my voting power is reset if you dont believe in the screenshots?

or are you saying something else, which i dont understand?

do you want me to un-vote that one again?

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This could be exactly what's happened here - and we can't see the vote count in the screenshots

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hi @azurejasper have you seen the picture i made in the comments? there is the vote count after i voted !
i did it several times now, and other readers have posted that indeed my findings are correct !

  ·  3 years ago (edited)


Lol its not bug, just weight of all ppl who vote to post constantly grow.

There should definitely be a voting tutorial here on steemit, some things are a little bit unclear at first. Great post though. P.S.: My upvote counted $ 0.01

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yeah ! its a bit unclear, but i hope my post could already help a bit

You know all this shows is that we are all being controlled buy a stupid algorithm that can be changed at anytime.

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well everything in life is somehow controlled? but finding out and learning about how it works is a great way to collaboration i think !

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  ·  3 years ago (edited)

But at least this one is open source and you can verify everything. Unlike pretty much any other application on the internet.

damn yeah you cool mate

btw congrats i'll learn much about it

edit : my post https://steemit.com/trading/@sang-sira-yan/looking-for-smart-trader

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Man I feel like the system is rigged on here... I’ve tried everything to get curation rewards but absolutely nothing works for me.

Very interesting discovery :)

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thank you!

awesome post thank you for the info!

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you are welcome !

I am learning more and more every day ! This was great info ! Arigato !

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thank you!

This is a good post. After reading it I feel like I have to force myself to read the white paper now. There is still much I still don't know about Steemit.

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@chhayll thank you for voting !

and thank you for liking what i wrote. the whitepaper is very interesting. its incredible about which details the founders concepted steemit !

one question, you seem to have a lot steempower, did you invest? because i cant see high earning posts in your profile?

ok just saw that you transferred it in from outside. great that you are a believer too and invested your own money!

i started following you!

Ok, I believe your posting... I saw your status on steemd. You have make more 1000 posts awesome ...... :)

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;) thank you. indeed the more votes you get, anybody can add something between 2$ and 2000$ with a single vote

I noticesd this since couple of days as well!! from 0.1 and then in some post i gave like 2$ upvoted, I didnt know what was happening, cool!

haha, i just discovered it now after reading your post mate!

Very interesting !!! This is my first post ...Please Upvote..

https://steemit.com/introduceyourself/@bestmalik/hi-steemer-please-advice-me

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i upvoted you!

I talk about this at Area 51. I mention the Oprah Whale and her up vote power.

https://steemit.com/area/@steve-mcclair/area-51-steemit-has-arrived#comments

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i gave you an upvote of 1.24 $
your post is awesome ! hopefully it will go op to 10K $ !!!

but are you spamming posts without voting for them? i cant see your name in my list of votes or the other 10 where you did "link" your post, which is awesome...but still thats an uncool attempt to get votes

I need to follow you and read all your post to learn more about the system.
Thanks

Thank you for share @knozaki2015! Does it still work like that despite being 11-months ago? Gave you a follow and I look forward to building this community together!! d[^_^]b

Great post - good info - are you still doing well? Any new advise?

Awesome post. Thanks for sharing & good luck! :)

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hi! thank you. great you like it.
its interesting to see how much anybody can influence a post on steemit. the creators of the platform are really genius. they seem to really get it right !!!

Thank you very much for posting such a nice and informative blog. I upvoted and followed Kindly do same for me and up vote me even my last blog. thanks

Thanks so much for your post. I just started here 3 days ago, and I'm still learning. I have almost no Steen Power, but I realize you have to build it, and this is encouraging to see!!

Thank you for enlighten me about steemit. This is so informative. ill follow you to learn more from you.

  ·  3 years ago (edited)

I'm sorry to say but you are WRONG. The system works like this:

  • If you have:
    HIGH SP your vote on a SMALL post will be worth MUCH
    LOW SP your vote on a SMALL post will be worth TINY
    HIGH SP your vote on a BIG post will be worth a MASSIVE AMOUNT!
    low SP your vote on a BIG post will be worth also a LOT but not massive

Conclusion:
Voting with high sp = high voting power
Voting with low sp= low voting power unless your voting a Already Big Post

That explains why your vote cast on a Big post gave them so "much" money...

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yes ? this is exactly what i wrote?
that usually its 2cent, but if the post is already high value even a low SP will give great voting powers. i.E giving crazy boost up to 100000% ?

here is what i wrote

This basically means, that if you up-vote a post which has already accumulated a lot votes and $ your Voting Power will multiply Tenfold or Hundredfold or maybe Thousandfold !!!

but i think you summarized it very good !

I can't to get a 1000 steem power. Or 1000 sbd on a post. My vote still isn't worth a penny yet, but I'm in it for the long haul. Gonna keep investing into my steem power with all my posts. Thanks for the inspiration, and information...

I am new to steem and this was very helpful to understand how steem works. Thank you once again.

Thanks for posting. Answer a lot of question why no rewards after upvoting. So what is the strategy to get the rewards? Only upvote trending post?

So, will your curator reward also be bigger if you voted late on an already popular post with a low SP account than if you voted earlier?

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the curator reward wont change that much usually. if you vote before a whale votes, i think the reward will be higher