Winners - Voting Bots and Vote Values 10 SBD Contest
This is the winners announcement post for the contest "Voting Bots and Vote Values – What Vote Returns Worth?". The steemit rewards algorithm analyzed in detail in this post of @dragosrua, in a very clear way, that makes easy for everyone to understand how the rewards shared.
The participants had to answer to these questions:
- If you spend 1 SBD to a voting bot to upvote your post, what must be the minimum vote value to get back your 1 SBD ?
- What SP (steem power) will you get from that vote?
(in our case, this is really what your profit will be from the vote)
Contest Assumptions: STEEM price $6 USD
I was very happy to see that many of the participants had the knowlege to calculate these values.
CORRECT ANSWERS
In the above table you can see the calculations and the results of them in detail, for 2.66 and 2.67 vote values.
I was not able to verify how steemit rounds the numbers, so trying to be as fair as possible, i considered correct all the answers for Vote Values 2.66 or 2.67 AND SP 0.166 or 0.167. Both Vote Values are very close to the 1 SBD we spent for the bid to the voting bots. The 2.66 vote returns back just 0,0025 less than 1 SBD and the 2.67 vote returns 0.0013 more than 1 SBD.
Regarding the steem power (SP) the 0.166875 value can be rounded to 0.167 or cut down to 0.166 depending on how steemit algorithm rounds the numbers, that I have no clue about it.
WINNERS
17 of the 26 participants answered correct and will share the 10 SBD contest prize:
Congratulations to the 17 Winners
@sportschallenge, @nicolaepavelean, @tolustx, @alexandra2000, @my451r, @asari, @sikhanteuk, @chullbull, @cosminblaga, @aaawee, @borban, @aki0007, @miranas, @mohandas, @starke, @funfortoday, @fc-barcelona
Each one of the winners will receive 10 SBD/17 = 0.588 SBD
CALCULATIONS
Lets see the calculations for vote value 2.67
- Vote Value 2.67
- -25% Curator Rewards, remains 2.0025
- 50-50 split to SBD and USD
SBD = 2.0025 /2 = 1.00125 SBD
SP = 2.0025 /2 = 1.00125 USD,
1.00125 USD/6 USD (steem price) = 0.166875 SP
*If you find any mistake or something that i miss out, do not hesitate to mention in the comments section of the post.
* Find all my running contests here.
Thank you for your participation to the contest
animation by @rocking-dave
I am very happy. There's my name in one of the contest winners ..
Thanks @digitalking the gift you gave me
Thank you so much! keep running more contests like this :) Happy to be one of the winners...
finally I understood how the SP is calculated ! Thanks @digitalking
Wow...I'm glad to be one of the winners.
Thanks a lot @digitalking
What about the valuación of sp because in the earlier days with the steem price hight you do not receiving a 50% of sp the rate is between around 21% and 33% this were mi calculate reward by myself.
Sorry i see your last line and is correct the information
Best regard @galberto
The SP calculation is related to the STEEM price (internal Steemit price for STEEM). You are always receiving 50-50 (The first 50% is SBD/The second 50% represents USD). The USD total divided to the STEEM price and gives the SP. For the contest purposes we considered the STEEM price $6 USD. Let me know if you mean something else. Thank you for your comment @galberto.
Hello friend
wow congrats to my brother @tolustx. The sky will be ur limit.
Congrats!
finally, I understand these calculations ... thanks
great info sir...
You got a 5.27% upvote from @ipromote courtesy of @digitalking!
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness