THE CALCULATIONS BEHIND THE NEW PAYOUT SYSTEM

A larger percentage of us are familiar with the previous payout system. Only SBD and Steem power can be gotten from it. The way it was calculated was pretty easy, half of your author's reward is your SBD while the other half is divided by the worth of steem and rewards you in steem power.

Steem has been introduced in this current payout system, this isn't the first time though. But, this is the first time we will be receiving a higher steem compared to the SBD gotten from the payout.

The market is currently down, SBD is low, Steem seems higher, Steemit decided to reward more steem to payouts making it awesome. But, let's understand how all these are gotten.

I'll be using my recent posts to illustrate.

This posts hasn't paid out yet but as you can see, the splittings has been done on it already. Well, the splittings was done based on the dollars on the post, the author and curation rewards wasn't considered. So, don't be surprised when you find out you received lesser amounts when the post finally paid out.

Image one.

Payout is $2.10.

This is divided into two just like the previous payout system.

$2.10 ÷ 2 = $1.05

The first part is divided by the current worth of steem to give you your steem power. Steem is currently $1.29.

Therefore;
$1.05 ÷ $1.29 = 0.81 SP

The Steem and SBD was gotten from the other half. 26.667% of the other half becomes your SBD. Now, that was the changes made.

26.667% of $1.05 = 0.28 SBD

The percentage left (i.e 73.333%) decides your Steem. For now, just subtract your SBD from that half.

1.05 - 0.28 = $0.77

Again, this is divided by the current worth of Steem.

$0.77 ÷ 1.29 = 0.60 STEEM

Now, this is justified. Compare and contrast with the image above, the earnings are the same.

Image two.

I'm doing this just to prove how right it is. Let's go over the same process.

The payout ($6.08) is divided by two to give $3.04.

$3.04 is divided by the current amount of steem ($1.29) and it gives you 2.36SP.

26.667% is removed from the other $3.04 to give you 0.81SBD.

After removing the SBD, we are left with $2.23. This is divided by the current amount of Steem ($1.29) and it gives 1.73STEEM.

Note: This isn't what I will receive after the post payout. Author and curators' reward wasn't considered.

Let's take a look at a paid out post.

The curators gets at most 25% of the reward while the Author gets at least 75% of the reward. The time a post is curated matters a lot. Those that voted 30 minutes after the post is released gets a bigger share of the reward. Upvote weight determines the share though.

From the image above, I received an author reward of $2.53 (that's 77% of the total reward) while the remaining 23% goes to the curators.

Now, we will be focusing on the author's reward this time around using the calculations above.

$2.53 is divided into two. It should give you $1.265.

One part was divided by the worth of Steem then.

$1.265 ÷ $1.29 = 0.98 SP

Now, let's remove 26.667% from the other half.

26.667% × $1.265 = 0.34 SBD

The remaining part (1.265 - 0.34) was divided by the worth of Steem.

0.925 ÷ $1.29 = 0.72 STEEM

Now, what I got from that post was 0.34 SBD, 0.72 STEEM and 0.98 SP.

The curator rewards I gathered on that day and some little upvotes on the comment I made resulted into this.

But, the calculations above was the final reward I claimed from the post. Other earnings added to it was from my curator rewards and the little upvotes on the comment I made that day.

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That's a lot of calculations right? And it's simple. If you were wondering where your SBD disappears to, now you know how everything was gotten.

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Images are screenshots from my Steemit blog.

Until next time.