Effect of STEEM and SBD prices on the value of rewards

in #sbd7 years ago

In this post I look at the effect of STEEM and SBD prices on the US dollar value of 50/50 rewards.

Below is an equation to express the US dollar value (Value_usd) of a 50/50 rewards payout of 1 STEEM as a function of the price of STEEM (Price_steem) and the price of SBD (Price_sbd) in USD.

Value_usd = 1 STEEM * (0.5 * Price_steem + 0.5 * Price_steem * (1 SBD/USD) * Price_sbd)

One very interesting part of the equation above is that price of STEEM is multiplied by the price of SBD which produces interesting results. For example, using the equation above, with the price of STEEM being around $4 and the price of SBD being around $5, then the US dollar value of a 1 STEEM 50/50 rewards payout calculates to 12 USD which is 12 times more than it was worth about three months ago when the price of STEEM was around $1 and the price of SBD was also around $1.

Below is a table of the USD value of a 50/50 rewards payout of 1 STEEM at some STEEM prices (first row) and some SBD prices (first column).

$1/STEEM$2/STEEM$3/STEEM$4/STEEM$5/STEEM
$1/SBD$1.00$2.00$3.00$4.00$5.00
$2/SBD$1.50$3.00$4.50$6.00$7.50
$3/SBD$2.00$4.00$6.00$8.00$10.00
$4/SBD$2.50$5.00$7.50$10.00$12.50
$5/SBD$3.00$6.00$9.00$12.00$15.00
$6/SBD$3.50$7.00$10.50$14.00$17.50
$7/SBD$4.00$8.00$12.00$16.00$20.00
$8/SBD$4.50$9.00$13.50$18.00$22.50
$9/SBD$5.00$10.00$15.00$20.00$25.00
$10/SBD$5.50$11.00$16.50$22.00$27.50
Sort:  

Interesting chart explanation.

You got a 1.29% upvote from @buildawhale courtesy of @twodollars!
If you believe this post is spam or abuse, please report it to our Discord #abuse channel.

If you want to support our Curation Digest or our Spam & Abuse prevention efforts, please vote @themarkymark as witness.

Postingan yang bagus dan berguna.terimkasih

Vander Photography
I have seen calculators, but that table is quite insightful. I wish I knew that when I started! 🤣
But it is all good: we are all learning and growing every day!
Steem on!

Congratulations @twodollars! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

Upvote this notification to help all Steemit users. Learn why here!

Congratulations @twodollars! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Coin Marketplace

STEEM 0.19
TRX 0.18
JST 0.033
BTC 87739.92
ETH 3095.67
USDT 1.00
SBD 2.77