Steemit #10 : Calculating the actual Steemit Rewards!
Hello steemians, are you fooled by the rewards payment system you get in steemit ?, many of us are wrong perceptions with what is listed in pending payout and net income that we get. Let's try to make the actual rewards calculations!
The $ sign in pending payout
Need we know the $ sign is not a dollar symbol even has nothing to do with the Dollar, the sign is also not a symbol of SBD or STEEM, so what is the real meaning of the sign or symbol ?, apparently the sign is a Steam Token Unit (small part of the token steem) which is briefly termed STU, significantly STU term is very different from SBD or STEEM because SBD or STEEM is the designation for virtual currency (Crypto Currency) whereas this STU is actually an expression of STEEM saving value inside the block commonly known as Vests.Jadi Your potential rewards are actually calculated in the form of Vests.
For example, if you see $ 100 listed in your post (Pending Payout) to understand how many SBD and STEEM POWOR you will get from $ 100 then you should understand that $ 100 is $ 100 STU. Let's calculate further!
First 25% of this $ 100 STU worth $ 25 STU will be paid to the curators as Currency Rewards, the remaining $ 75 STU is your quota as the author, the Author Rewards. From the amount of your quota will be divided 50/50 in the form of SBD and STEEM POWER, with the following calculation algorithm:
Half of the $ 75 STU will be given in the form of SBD
50% of $ 75 STU = ($ 75/2) = $ 37.5 SBD
The remaining 50% is $ 37.5 STU will be given in the form of STEEM POWER which is adjusted to USD dollar price, say the price per $ 1 STEEM is $ 6 USD, so the calculation is as follows:
$37.5 STU / $6 USD = $6.25 STEEM POWER
In conclusion, of the $ 100 STUs listed on your pending rewards' rewards, what you will get is:
- $ 37.5 SBD
- $ 6.25 STEEM
If the price of $ 1 SBD = $ 8 USD and the price $ 1 STEEM = $ 6 USD then you will be in $ Dollar is:
- $37.5 SBD x $8 USD = $300 USD
- $6.25 STEEM x $6 USD = $37.5 USD
So $ 100 STU listed on your post if the conversion to the dollar you will get is $ 337.5 USD
06-01-2018,
@aneukcing