# How to calculate post rewards

in steemit •  2 years ago  (edited)

I suspect many people don't know how to calculate what they will receive for post rewards. The calculation is pretty easy but is hard to visualize in your head looking at the Steemit interface. It also varies dramatically as the price of STEEM changes.

I will show you how to do it manually so you can do it for yourself. Teach a man to fish...

### So how do we take this, and turn it into SBD/SP rewards?

If you are doing this after a post has been paid out, you can click the post rewards and get a breakdown of exactly how much a post has paid out to the author.

Otherwise, you will need to guess what the curation rewards will be. I mentioned before, the average curation rewards are much closer to 16% than 25%. You can use any number you are comfortable with but the first thing we need to do is to remove the curation rewards from the post total.

# Calculate the total author portion of payout

170.41 x 0.75 = 127.8075 or if we use 16.8% we get 170.41 x 0.832 =- 141.781

This gives us the author portion of the post rewards minus the curation portion. As everyone knows, author rewards get paid out in SBD and vested Steem Power.

# Calculate the SBD portion of reward

So the next step is to figure out the SBD portion of the rewards. For this, we divide our post curation author rewards by 2.

127.8075 / 2 = 63.903 or 141.781 / 2 = 70.890 depending on what you use as your curation %.

This is our SBD reward, either 63.903 or 70.890 depending on what % you used for curation.

# Calculate the vested Steem Power portion of payout

To figure out the vested Steem Power portion, you take the SBD reward and divide it by the current price of Steem. As you get paid out in the USD equivalent of Steem.

`63.903 / 6.49 = 9.846 ' or '70.890 / 6.49 = 10.922'

# How did we do?

Our end result is 63.903 SBD & 9.846 Steem Power or 70.890 SBD & 10.922 Steem Power depending on what you used for the curation percentage.

You can see our calculations were dead-on when factoring in roughly 16.8% for curation rewards. You can also see the average curation rewards from my previous post was also right on the money.

Hope this helps understand how things work a little bit. Any questions, just shoot them in the comments, I'll check them out.

### My recent popular posts

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·  2 years ago
·  2 years ago

Nice! I checked it out, I would suggest giving a clearer picture of the real numbers.
The final SBD/SP. The USD value is great, but having a clear result of what SBD/SP would be would make it easier to understand and more useful.

·  2 years ago

Thx ! You are totally right. In fact, I have already made this one in another post (in french) to explain how to choose the reward method.
https://steemit.com/fr/@evildido/chronique-d-un-witness-choisir-son-mode-de-recompense-et-autres-bizarreries

As you described in your post, I would like to create a tool estimate the author reward based on the post reward but I still don't know how to calculate that.

·  2 years ago (edited)

You would need to calculate all the votes in the first 30 minutes. (Soon to be 15 minutes when the next hard fork lands).

·  2 years ago (edited)

yes but I'm a noob and I don't have enough time

·  2 years ago

Awesome thanks for sharing!

·  2 years ago

an application is great but I like it more in this way, more basic and safe.

·  2 years ago

There is nothing risky with his code, you don't enter any private keys or anything. Just enter a number and it calculates it.

·  2 years ago

The tool is opensource and under MIT licence.
You can download it and look the code (is pretty simple. Even me can understand it :) )

·  2 years ago

Thanks very good post!

·  2 years ago

@themarkymark This website will do it for you.

steem.supply

Best of wishes! Steem on!

·  2 years ago

Very familiar with the site. :)

·  2 years ago

I was just going to comment and ask if there is a tool to help with this! Good job!

·  2 years ago

Thx.
As @themarkymark said, it can be a good thing to add the final price SBD to STEEM (in order to help steemians to choose between 100% and 50/50).

·  2 years ago

I think it would be a good idea to note that the next HF will change it so your early self vote does not reduce curation rewards.

The portion that would have gone to you will instead be sent back into the rewards pool, and curators will see a larger percentage.

https://steemit.com/steem/@steemitblog/hardfork-20-velocity-development-update

·  2 years ago

I'd love to see that. I started doing whatever else is doing is upvote themselves since I only post 1-3 times a day and I spend a lot of time on them. I don't want to wait 30 minutes and remember to come later, so I just click the checkbox (which is defaulted to check but I refused to do it for the first 5 months I was here).

The new change to 15 minutes and the leak to reward pool will change things dramatically. Not 100% sure how I feel about it and if it is the best solution, but I do like the cut from 30 minutes to 15 minutes.

There is a lot of talk about increasing the curation %, and I think this will happen eventually. As it is right now the 25% is more like 16.8% on average.

·  2 years ago

Curation was 50% at one point in time.
I think that if the rewards more accurately reflected 25% instead of 16.8% like you pointed out- it will be perfectly fine.
However if it is increased more than that- I believe it will even further encourage circle jerking onto just a few posts for pure profit.

·  2 years ago

·  2 years ago

Thanks for the info, very useful for people like me on his first month on steemit. 😁

·  2 years ago

omg @themarkymark, this is wonderful and very unique article and it helps me alot, thanks for sharing great information with us

·  2 years ago

Thanks for tell us method of calculation

·  2 years ago

Did not know that Thanks for the info Helped me to calculate!
Thanks for share @themarkymark

·  2 years ago

Great tutorial bro.
Some of the information was unknown thanks
Thanks for share dear

·  2 years ago

Great post @themarkymak! Thanks for sharing with us!

·  2 years ago (edited)

Oh this has cleared what has been bothering me because I don't know how to calculate my rewards before but thanks for this useful information

·  2 years ago

Great information, great post thanks a trillion

·  2 years ago

Now i know how SBD and SP are being calculated.this is a wonderful run down ,step by step method.thanks for adding knowledge to my horizon.

·  2 years ago

This the info I've been waiting for thanks @themarkymark sir for explaining.

·  2 years ago

thanks for info. good luck

·  2 years ago

thank you for sharing, now i know where the reward goes and how it turn to SP and SBD. Thank You

·  2 years ago

Indeed YES!!!

·  2 years ago

So basically the reason why I was getting paid low Steem Power was because it was divided by how much Steem in USD is worth. Whoa, couple of months ago it was somewhere within 0.97-1 USD, that makes total sense. Thanks for enlightening us, upvoted your post and am still following alongside that Firefly gif you got :P

·  2 years ago

:)

·  2 years ago

Thanks for this i will check it out
..kindly follow and upvote my post and i will do the same
https://steemit.com/fact/@dimples/fact-001-educative-entertaining-and-motivating

·  2 years ago

I've seen a few computations like this, and it's great for estimates. But I would like to see the UI/tools just do the split from the beginning (rshares, reward pool, beneficiary+curator split) so it's accurate. Also more people are using services (dtube, etc) which have beneficiaries so that would need to be taken into account also. Well of course steemit does to give us that number but it should be easy to tweak to show estimated split.

That said, this is a good thing that more people should know about.

·  2 years ago

what's the difference between the default 50% 50% and 100% ?
and why you don't get to shoose between them in comments?

·  2 years ago

100% means you put 100% of the rewards as Steem Power and do not get any liquid SBD. 50/50 is what I explained in the post. While SBD is high like this, 50/50 is the ideal payout.

·  2 years ago

I will have to come back to this post which I'll start making something .. till now I think it doesn't matter as payouts are not that great!

·  2 years ago

I thought 1 steem = 6 dollars not the opposite !

·  2 years ago

Haha no calculate those rewards into USD for me ;)

·  2 years ago

Vero good explain..thank you @themarkymark!

·  2 years ago

Ok, good stuff and down to the basics, this post should truly help loads of people. Thank you for taking the time to prepare and post it, but as you must have guessed there should be a follow-up. on stuffs like...powering up or down of your earnings after you must have calculated and known what you get. what next. waiting for it. ;-)

·  2 years ago

Like it. This is the simplest way you can calculate your post rewards. However I found this strange thing on my post: https://steemit.com/utopian-io/@siddartha/translating-project-electron-to-hindi-1088-words-2
It gives me less than 75% of the post rewards!! Isn't it weird?

·  2 years ago

Utopian-IO takes around 25% cut, and it will show up as curation portion.

·  2 years ago

Hmm, then it is even more strange. It was \$30 till the post payout period end. And then turned \$24 afterwards. I thought Utopian has already taken those \$6!

·  2 years ago

Thank's for the information

·  2 years ago

This was helpful to me as a new Steemian. Thank you

·  2 years ago (edited)

these tips were so useful, because I was confused on how to calculate my posts reward. thanks, for sharing with us

·  2 years ago

wow its a grate post.. its a useful post and i learn many thing from your post...keep it up.. @resteemed

·  2 years ago

ty, money was raining down with the high SBD value ... now i think you need a return of over \$2.40 for every 1 SBD thrown to bots, before curation, to make a return.

·  2 years ago

I wish I could calculate with that big numbers ;-)

·  2 years ago

Thanks! This is just what I needed. Great post.

·  2 years ago

Nic post

·  2 years ago

·  2 years ago

Excellent post. I wish more people dug into the math like this!

·  2 years ago

When i create a post, i calculate (roughly) how much SBD i'll get simply by:

Rewards * 0.37

More or less, it will be that. That way i never get frustrated. :)

·  2 years ago

Now that was quite helpful. I have a better idea to figure it out now.

·  2 years ago

Thanks for sharing Mark! Have a great start to the week :)

·  2 years ago

This is super helpful!! I always calculated it based on the 25% curation, but knowing it is lower than that (and actually closer to 17%) has helped make the estimates much closer to reality!

·  2 years ago

Yeah Same Here!

·  2 years ago

Our end result is 63.903 SBD & 9.846 Steem Power or 70.890 SBD & 10.922 Steem Power depending on what you used for the curation percentage.

and 63.903 SBD actually means \$502 at the current market rate for SBD?

·  2 years ago

I was just pointing out the SBD & SP values.

·  2 years ago

OK COOL!

·  2 years ago

16.8 baby! Yeah thanks for doing the research to figuring that out. Learned that from your previous scavenger hunt.

Question though when dividing post reward over "current steem price", where is that steem price coming from? Thanks.

·  2 years ago

was the price at the time of that post payout

·  2 years ago

Apologies for all these stupid questions but is that not the feed price of the witness who creates the block? That is time of that post payout. Thanks.

·  2 years ago

The price is determined by the consensus of the top 20 active witnesses

·  2 years ago

thanks!

·  2 years ago

Makes so much sense now. Thank you for sharing :)

·  2 years ago

Still am in love with Steem Supply, even though it seems to be struggling a lot to keep itself up lately.

·  2 years ago

Whats that?

·  2 years ago

A platform to check various stats with... google it :)

·  2 years ago

Thanks are you into personal development?

·  2 years ago

Thanks so much for this...I keep getting the numbers wrong. On my way to test it out on one of my own posts.
Very nice of you ;)

·  2 years ago

are you into personal development?

·  2 years ago

Please Like My posts I liked you

·  2 years ago

Very useful post! It will help me be able to explain Steemit better to others. Thank you!

·  2 years ago

Thanks this is useful information!

·  2 years ago

Good post...thank for info...

·  2 years ago

Gosh!!! Did not know that Thanks for the info Helped me to calculate!

·  2 years ago

This post is a timely encounter @themarkymark as I was actually looking for enlightenment on how the fuck those Steem Power and Steem Dollars were derived from the one which is shown just below each post. The numbers just don't make sense when I try to use my common sense calculation.

·  last year

Thank you for the formula.