STEEM cohort payouts analysis report

in #steemit4 years ago (edited)

STEEM charts and statistics: what do we know? Do we know things? Let's find out!

A question

How important is the registration date for author's payouts and is there an early adopter advantage for STEEM?

We'll start by looking at the total payouts for last 7 days grouped by registration month.


The data and visualization in this post may contain errors and inaccuracies. Don't make important decisions without verifying data yourself. If you have any suggestions or found an error in the data, please get in touch with me on

Payout distribution

The difference is quite significant. Payouts to authors registered in July are 10x higher than in November.

Note: Only payouts for posts created during last 7 days are included in the dataset.

However, a lot of people registered in July so we need to factor it out.

To compensate for this, we'll calculate an average per post.

Average post payout

And here it is: a clear trend. However, there is a problem with this chart, as most top SP holders created accounts in the very beginning of STEEM. Enhance!

Average post payouts of low SP holders / minnows

The trend becomes even more pronounced: average payout per post of a minnow (aka an absolute majority of STEEM authors) registered in April is 15x higher than in November.

Let's check one more thing. What is the distribution of votes per monthly cohorts?

Average net votes of posts of low SP holder

A similar trend.

Note: Only votes for posts created during last 7 days are included in the dataset.

Average post payouts of minnows during last 4 weeks

As a precaution against outliers, a chart that includes a longer period.

Note: Only payouts for posts created during last 30 days are included in the dataset.

An answer

Yes, during last 7 and/or 30 days, age and/or creation date have been a very significant factor in the distribution of payouts and votes.


Thanks for this it confirms what I had assumed, Thanks!

That's an interesting analysis. It would be nice to see an analysis related to the number of followers. If someone has had an account for a longer time, they may have more followers, and followers with higher SP (i.e., voting power).

Yes, it's all but certain that on average older accounts have more followers. I've run a few queries and it seems that the monthly growth rate of followers is also significantly larger for older accounts.

This post has been ranked within the top 50 most undervalued posts in the second half of Nov 17. We estimate that this post is undervalued by $10.06 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Nov 17 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.