How Does steemit Payment works?

I do not understand the steemit payout system.
Please, any steemit experts come and leave a comment.

Moments ago I searched for details explaining the payout mechanism and I am still confused.
But I learned about some features I didn't know about!

When do I get paid?

According to @shenanigator

"After you make a post, a 24-hour timer starts counting down. When you get an upvote, time is added. The amount of time added depends on how much the payout increased: If the payout increased by 10%, not much time will be added to the clock. However, a vote that triples the payout will add a significant amount of time.

Nearly all first payouts occur within 48 hours of posting. If you get at least $0.01 of upvotes after the first payout, you will receive a second payout four weeks later.

Distribution of rewards for all curation and comments happen only at the first payout, but the author gets rewards from both payouts."
https://steemit.com/steemit/@shenanigator/updated-steemit-faq-part-4-payouts

Can I choose to be paid in 100% Steem Power?

Yes!
But should I select that option, is the more interesting question that I wish to find the answer to.
Below is my screenshot with me clicking on this feature - for the first time today!!!

....

There is so much steemit to learn before swimming with the whales!

FOLLOW back, I will reciprocate by UPVOTE or RESTEEM your posts that I think my followers would support. That's the only way for our community to grow and its needed. Please comment, I will reply.
Thanks for the FOLLOW, and thank you for being here!
I look forward to hearing more from you in the future. ~Ron

If you like this post, do not forget to upvote or follow me or resteem