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RE: The Ultimate Guide To Steemit Payouts
BRILLIANT! Thank you for this, I have a friend who has also just joined and we were so confused about the 50/50 thing. We'll both be going 100% from now on, thank you again !
Before choosing 100%, check this out...
For this example, let's assume STEEM is Trading at an average price of $2.00.
If you earn $10 on a post and you choose "Power Up 100%," you'll receive 5 Steem Power.
Now, instead of "Power Up 100%," you choose a 50/50 payout:
You'll receive 2.5 Steem Power and 5 Steem Dollars.
If you go to steemdollar.com, you'll see that a Steem Dollar is worth $1.71 (price changes all the time). This means you can sell your 5 Steem Dollars on an exchange for $8.55. With your $8.55, you could buy 4.275 Steem Power. By choosing 50/50 instead of 100% SP, you got 6.775 Steem Power instead of 5 Steem Power.
The lesson here is this: Any time Steem Dollars are trading above $1.00, choose 50/50 payout and sell your Steem Dollars on an exchange.
Thank you! Until I read this, I thought I understood everything I needed to about payouts and the interplay of SP, STEEM and SBD. I was wrong:)
You're welcome!
Hi @shenanigator, If you earn $10 why is the earnings ''2.5 Steem Power and 5 Steem Dollars'' and not ''5 Steem Power and 5 Steem Dollars''? Thanks
Because in that example steem was valued at $2.00 and he was describing 50/50 reward selection - 50% steem power and 50% steem dollars.
The steem power you would recieve gets cut in half in this example because its valued at twice as much as steem dollars. If it was valued at $1 you would have recieved the 5/5 but at $2 you get half as much.
Steem dollars are valued at $1 so you would get the full 5.
This can be verified on your wallet page.
STEEM DOLLARS
Tokens worth about $1.00 of STEEM, currently collecting 0% APR
You would only get 5 Steem Power if a single STEEM was worth $1. In my example, Steem was priced at $2. If the Steem price were $5, you'd only get 1 Steem Power. A $0.10 Steem price would result in you getting 50 Steem Power.
I underrstood this a little before reading this comment, but you made it so clear. Thanks so much, mate!