We all love to look at the trending articles and imagine what it would be like to have one of our posts earn hundreds, or thousands, of dollars. Unfortunately, however, the reality is that this is probably a rare experience for most Steemizens. I remember reading somewhere that the average payout for most of us is somewhere around $3.00 per day. So I got to wondering, how do earnings accumulate for the average blogger? How about for the sub-average blogger? As an extreme example, I know of some people who set up accounts shortly after I did, and have had almost no activity, but their accounts are now worth several hundred dollars.
So, I set-up a LibreOffice spread sheet to download daily Steem values from coinmarketcap.com, and slapped together some formulas. I chose July 17, 2016 as a start date, because that's the day I started. Then, I asked my spread-sheet the questions, "What if I made $0.25 per day during those 18 months and powered up every reward? How about $1, $3, or $10 per day?" Assuming I didn't make any mistakes with my formulas, here are the results (not counting interest or potential curation rewards).
This table shows the amount I would have received in Steem, Dollars at the time it was received, and current Dollars.
|Rewards per day||Steem received||Value when received||Opening value yesterday|
And as a reminder, this does not include interest or curation rewards, both of which would make these numbers even larger. Of course, there's no guarantee of continuing this rate of growth, but if I believe in Steemit as a growing platform (which I do), then maybe there's something like dollar-cost-averaging going on here for authors who post regularly and HODL.
Here's a graph showing what my account value would have been over time at $1.00 per day in rewards. The red line is the total dollar value of the rewards on the day they would have been received (right scale), the yellow line is the total amount of Steem that would have been received for that amount (left scale), and the blue line is the cumulative value of that Steem at yesterday's opening price (right scale).