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RE: New votes getting 40+ votes in seconds
It is not profitable. It is a complete waste of time. They are voting so early on the posts that even if the post gets a large reward, the majority of their potential rewards will go to the original poster. This is why they set up the reverse auction style voting process for the first 30 minutes after a post is made.
ah I didn't realise there was a different system for the first 30 mins.
@fiveboringgames is off to the reread the whitepaper
It might not be in there. It was a decision that was later implemented. Basically if you vote immediately after a post, the author will get basically 100% of your voting reward. After 30 mins, you get all of your voting reward. In between the proportion changes linearly.
thanks found a post about it