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RE: Steemit Guide : How Vote Value Is Calculated on Steemit and Factors Affecting Vote Value
Yet again you nailed it JBN. It is why i like hanging around your blog. You research and bring tangible value to the table always.
A question pls...
What is essentially responsible for fluctuations in one's vote value. I mean what brings it down to zero for instance at some time of the day and restores it back at other times?
Thanks.
First of all thank you for the comment..
Second, the answer to your question is again a long one but i will try to summerize it:-
When you give someone an upvote, your Voting Power reduces by the factor of 2% (considering your vote worth is 100%). So for instance if i keep giving out upvotes (lets say 20 today) starting from 100%, by the end of the day, my VP will be reduced to 60%.
When your Voting Power starts reducing, your vote value reduces with it. After every 2 hours, 2% of your VP is restored.
So lets say if you have a vote value of 0.11$ at 100% VP, then at 60%, it would be 0.11*60/100 = 0.066 = 0.7 $ (Appx). And it would take 40 hours to get back to 100% VP
I checked your SP. it is 15.024 in total. And your current upvote value at 100% VP is 0.00$ .
What you are experiencing is the price change in steem.. probably sometime ago when steem price had crossed 6$, you were getting an upvote value of probably 0.01$ or 0.02$ on same amount of SP, but now that the price has fallen to 4$ and below, you are experiencing 0.00$ upvote value.
I hope this solves your problem??
Cheers
I see...thank you so much sir @jbn. May I ask for your permission to copy paste this (i am using a snipping tool) to our group chat for all my invites and fellow newbies...this is the most detailed answer for all of us in the group po...
O Yes Yes sure.. why not.. knowledge is nobody’s ownership.you are free to use it at your own will.
On a side note :- do let your friends know about me :p it will be nice to have few more followers :p
Cheers :)
I did sir, I always tell them in our group chat about your posts especially after resteeming it. They knew about you and I'm sure they are already your followers too. I use snipping tools to magnify it together with the source po :-) Thank you so much for giving me your permission sir :-) I will do this in the morning as it is already late and I'm having a bad cold po...God bless and be safe po :-)
I will revisit this comment sir, my voting power is low already so is my bandwidth. This is always our problem in our group most of us run out of bandwidth in the evening po...
Absolutely rich answer there JBN. Thanks so much for this very educative exposé.
You rock. Pls continue being helpful like you are. The sky is your limit.
Thanks.
This question has been on my mind all day @topcoach. Thank you for bringing it out.
Check the answer above please..