My post made $177 yesterday but now is $143. What gives???
Still trying to understand how this works and finally after 2weeks one of post made a few coins. Not much, but just enough to know that steemit maybe real. My question is, why would my post earnings go down after day? Did get down voted or something?
Second question: What's the best way to extract money from here. I mean how do I get this cash my hands???
You only get 75% of what a post earns the other 25% goes to the curators of the post. If a post shows $100 you get 75 split into $37.5 SBD and 37.5 SP. Also the payout amount is just an estimate it varies constantly with vote distribution and price of steem.
Thanks so much . I joined this knowing nothing and little by little thanks to post like yours I'm coming along.
Nice work guys on answering his questions.
elegant explanation!
Thank you
Whilst this post refers to Australian dollars, it's the same process for all currencies:
https://steemit.com/howto/@senseiteekay/transferring-your-steem-dollars-to-australian-dollars
Nice work guys on answering his questions.
the white paper probably goes over some of this. As far as I understand it, your payment is like a piece of a pie. The more votes you get the more of the pie you get; however, when other people vote for other posts, then your piece gets smaller and their piece gets bigger. So your payout went down because other authors/curators are also getting their piece.
I think you would have to send your steem or sbd's to an exchange, may be wroth doing a search in steemit for a guide on how to transfer (even then you will probably have to convert to bitcoin, and then bitcoin to dollars)