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RE: HF Proposal - Is it time to decrease or remove the 30 minute author-curation reward window.
I see that I would not receive much curation for upvoting this post as I did so at 5 minutes in.(not that I have any weight for you.) Though I agree why should one have to wait if they stumble across a good post? What troubles me and of which I am unaware is how curation rewards is weighted to steempower. I'll admit I havn't read the whitepaper yet as it seems like a daunting task. Does my early curration vote effectively limit the possible curation reward of the next person? Does that mean an early upvote is detrimental to someone if the upvoter is not a whale?
Not at all. It just means the author gets the bulk of rewards for early votes. If you want to maximise your curation rewards you need to wait until the post is 30minutes old. There's no harm done to anyone by voting early, it just means you accept a lower curation reward.
So I upvote a post at 3 minutes(lets pretend my upvote weight was a 10 cents) then 10 percent or 1 penny is given to me at the end of 7 days? I've only been here 4 sofar and my upvotes are kinda only worth moral support so I didn't know. Thanks for the clarification
In a nutshell, yes, but there are all sorts of other calculations that go on behund the scenes as well, depwnding on who else has voted, and their voting strength. You also only yet rewarded for curation in STEEM POWER, which is more expensive then SBD. You may find your reward somewhere around 0.001SP. But if you vote at 30 minutes it may be 0.004SP. There are lots of other calculations to make, but the 30 minute mark is where you get the best curation return.