RE: Discussing the factors that drive Steem's curation rewards
This has caught my attention
In order to level the playing field between bots and humans, curation rewards during the first five minutes of a post's lifecycle are modified by a so-called "reverse auction", where voters pay a penalty for "advance voting". If a vote is cast immediately, then nearly all of that voter's curation rewards will be returned to the rewards pool.
First and foremost i appreciate you for laboring to compile all this information concerning the various factors driving the curation rewards. Its a very complex topic.
I have decided to pick out that phrase. Does this mean that the best and wisest time to curate is after minutes of the post? Many small voters like me, prefer earning on curation and i have always labored to curate on content that has potential of heading to the trending page in order to maximize on the curation rewards. However, its quite a tough process finding consistent great content creators that produce great content that attract lots of eye balls of the whales on the platform.
Thanks so much for the enlightenment.
Hi, thanks for the reply!
If there were no other voters, it would be better to wait until 5 minutes, but if other people start voting earlier, than that would push a vote at 5 minutes further back in the line, so you can miss out on curation rewards that way, too. So, sometimes it might be better to vote earlier to get ahead of other voters. On any particular post, I don't think it's really possible to know which is best, since you don't know when others will vote.
Personally, I usually wait until after five minutes, and almost never vote before 3 1/2 or 4 minutes.
Okay...That is well understood. Thanks so much for the enlightenment on that part. To a greater extent, I will always wait after 5 minutes before voting on any post.