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RE: UPDATED - Steemit FAQ Part 4 - "Payouts"
I'm still confused. I don't think you covered this in the article.
I just got paid for a post and the author payout was $12.69 and the actual payout was: Claim rewards: 6.347 SBD and 2.634 STEEM POWER
Um...I'm no math wizard but I know that doesn't amount to the $12.69. Even if you go by the market price for steem dollars, that doesn't add up. So I'm just curious how this works.
The average price of Steem over the course of your post must have been about $2.41. If you take ($2.41*2.634)+$6.347, you get about $12.69.
Your payout was worth more than $12.69 because the current market price of SBD is well above $1.
AH...the average price is what it goes by. Ok totally understand now. Thanks for the help. Great post by the way...found it on google.