RE: Do earnings increase for individual authors when the Steem price rises, or not?
It's spooky how this exact question was on my mind this morning and your article was at the TOP of my feed. Stellar research and presentation @miniature-tiger. I learned SO MUCH about the relationship of Steem prices to author payouts and now I'm just a little bit confused: You saw that posters who post CONSISTENTLY may not experience as much of the benefit of Steem price growth (as reflected in their payouts). Does this mean that we should be individually monitoring our "returns" on posts by frequency, the same way we monitor our upvotes for potency?
As well, I'm curious about the 'dollar' amounts reflected on Steemit. At this juncture, your post has a "$2.69 pending payout." Does that reflect the current price of Steem Dollars (currently: valued $5.22 in USD conversion) or is this still a 1:1 Steem Dollars ration valuing them at $1 USD?
In essence, is the value I'm seeing .5 STEEM DOLLARS or is it misrepresented and actualy $2.69 STEEM DOLLARS means your post is actually $14.04 (approximate) USD?
Hey Amelia!
For the consistent point:
By "consistently" I just meant authors who post every day, which is a good thing as far as I'm concerned. When looking at the ten authors I followed I saw (a) One author who posted pretty much every day and managed to increase their rewards in line with the reward pool (b) Three authors who posted every day and whose rewards increased but at a much more moderate level (c) Six authors who posted infrequently and whose rewards fell away over time.
That section needs a full study to itself really with a lot more data. But it did give an idea of what might be happening to the original commentor who asked the question. And could help to set people's expectations of the change in their earnings when the Steem price rises.
For the 'dollar' amounts:
It's misrepresented. The system always considers one SBD to be one $USD. I'll try and give you the full run down:
If the Steemit number shows $10 post payout (easier to work with than 2.69!) then broadly:
I wish I could resteem your comment 😅 Thank you SO MUCH for explaining this in great detail. Would you consider making this into a post? Or, would you allow me to quote you in a beginner's post on my own profile (and include this research as a portion of it?) Understanding the values, calculations, and ratios is next-level for me as a new steemian but I want to make sure I'm interacting with the platform MOST BENEFICIALLY in as many factors as I can control. I will at least be copying this into my notes for further us.
Hey Amelia, you're very welcome to use the above example as a quote on a beginner's post. I look forward to reading it!