We are all here on the STEEM platform through one front end site or another, most arrive on Steemit.com and then get to know others like busy or utopian or dtube or any of the others. But most of us are also here because you are writing your post and investing your precious time here on STEEM in the hope to get upvotes *(as do I)* and subsequently get paid for your effort.

The last month STEEM has been getting a lot more attention and the rising price and the skyrocketing place on the Alexa ranking are really pushing up awareness and new members.

There is a setting in your posts that not all Steemians know about and are aware off.

So this is a short tutorial on which setting is advised for your payouts in which situation.

There is this option at the bottom of the post that lets you choose how to receive your rewards:
The image I have take is from the steemit.com website but all frontends offer this option in one form or another

if you click on this little window at the bottom of your post when you are creating it it will show the following options.

- Default (50% / 50%)

- Power up 100%

- Decline Payout

So lets take a look at what these options mean for YOU

- Default (50% / 50%)

At the time of writing the SBD (Steem Backed Dollars) have veered from their original purpose to be pegged to the USD and have been living a life of their own soaring to a value of 18 dollar at one point. All this while the Steem and Steem Power were between 1 and 2 dollars in value. This meant that for every SBD you could get up to 10 Steem. So this was when you would choose the Default setting and collect your SBD to either sell for Bitcoin or sell for Steem and power up.
So basically if the value of SBD is higher then STEEM you should take this option.

For the moment this 50/50 split is around 85/15 due to a setting done by the witnesses so that there is a creation of more liquid SBD and hence the price is not so easily manipulated. Once the value of SBD goes back down to its intended value I would assume the setting of 50/50 will be restored

- Power up 100%

This option is when the value of Steem is higher then the value of SBD.
Now at this time the value of Steem has shot up to around 8 dollar and the value of SBD is dropping So basically when 1 Steem equals or is more valuable than 1 SBD and the value of SBD has reverted to around 1 USD you should activate this setting. (thanks to @sevenseals for pointing out my error here)
So it is very important that the value of SBD be back to the value of 1 USD and he has made a nice blog explaining the fact why in this article if you want to find out a bit more.
What you have to take into account is that your payout will automatically be converted in Steem Power so will not be liquid.

- Decline Payout

sometimes you can choose to decline a payout because you want to highlight the work of some one else or want to make a point or post something you do not want the credit for
there are several different reasons to decline the payout and then this money goes back into the daily pot.

- I need the money

I can hear you saying, but what if I need the money, if I power up it all goes directly into SP and I have no access. If you choose the 50/50 it allows you to take out the SBD to the exchanges but in effect you would do that at a loss. So instead of taking the profit on every post why not do it once per month if you need the cash. Just power down once per month and you will receive one 13th of your SP. This you can then distribute as you see fit.
Either sell it for SBD, power it back up or transfer it to an exchange

The call is yours but this is the way the big players do this and this will guarantee the maximum amount of profits to you.

So keep a close eye on the price difference between that SBD and STEEM so you as well can reap the maximum rewards.

What will you be doing... powering up and saving for the future or taking the profits and running??

happy steeming

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Posted on Utopian.io - Rewarding Open Source Contributors

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