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RE: Everything you Need to Get Started Fast with Steemit, Social Media that Pays [Complete Tutorial with Screencast]
My understanding of it is each vote will use a maximum of 5% of your voting power, so for your first 20 votes within 24 hours, each vote will use 5%. After that, it starts to decrease the weight associated with your votes.
I'm not 100% certain here, but I think there are two separate processes at work, the 5% per vote and the declining power due to a high voting rate. But I need to do more research before being certain.