RE: [AskSteem] Can Someone Explain SteemIt Payouts?
Payouts are separated into the author reward and the curation reward
Author is guaranteed at least 75%
Up to 25% goes to curators (people who upvoted the post)
Author reward is paid out:
- 50% in Steem Dollars
- 50% in Steem Power
Curation rewards are paid entirely in Steem Power.
WHAT DETERMINES HOW MUCH OF THE CURATION AWARD GOES TO THE AUTHOR vs. CURATOR?
It all depends on how long after posting, the vote was cast:
- If a post is upvoted the moment it's posted, 100% goes to the author
- If a post is upvoted 30 min after posting, 100% of the curation award goes to the curator.
- Between 0 and 30 minutes, each moment that passes, more of the reward goes to the curator.
At 15 minutes it's a 50/50 split.
At 3 minutes, 90% goes to the author and 10% to the curator
At 27 minutes, 10% goes to the author and 90% to the curator
I'M UPVOTING POPULAR POSTS AT THE RIGHT TIME, WHY AM I NOT GETTING ANY CURATION AWARDS?
Curation awards are based on the square of your Steem Power
Example:
Bob: 10 SP, the square is 100.
vs
Jim: 100 SP, the square is 10,000
In this example, Jim has only 10 times more Steem Power than Bob, but Jim will get 100 times higher curation award than Bob, all other things equal.
- Double your Steem Power, get 4x the curation award
- Quadruple your Steem Power, get 16x the curation award
- Increase your Steem Power by 100x, get 10,000x the curation award
AN HOUR AGO MY POST SAID IT WAS WORTH $5, BUT NOW IT'S ONLY WORTH $4. WHAT HAPPENED?
It could have been flagged which would bring the total down. But if it wasn't flagged...
There is only a select amount of Steem to be dispersed in a rolling 24 hour period. At any given time, the system is making an estimate of how much you will be paid based on what percentage of Steem Power-adjusted votes have been given to your post.
Let's pretend a post is currently worth $5. But then, a bunch of other posts starts getting really popular. That money needs to come from somewhere, so a portion of your post's value needs to be taken away and reallocated to these newly-popular posts.
Hope that helps to clarify some things!
I keep reading that author payouts should be 75%, but in reality I haven't had a payout worth more than 50%, any idea whats going on there?
Let's take your last post to pay out, to show you how much you earned.
It was this post where your total post payout was $9.43.
Of that $9.43, you earned appx: $7.10
7.1/9.43= 75.29%. You earned a little over 75% of the total payout.
Of that $7.10, $3.546 was paid out in SBD, and rest was paid out in the form of Steem Power.
You earned .943 Steem Power, which means the average price of Steem over that time period was 3.546/.943 or $3.76.
So basically, you earned 3.546 SBD and approximately $3.55 worth of Steem Power. Does that help clear things up?
I guess where it's confusing is that STEEM Dollars is no longer in parity with the usd, was that the initial purpose of SBD? Is the dollar value listed on every post/comment suppose to be a USD representation of payout?
Yes, it was intended to be a smart contract which would always be worth about a dollar. Obviously, that hasn't worked as well as they would've liked.
Yes, assuming SBDs are worth exactly $1.
Can you help me figure out why the post payout, 75 percent of approx 99 sbd only paid out approx 37.5 sbd and 9.5 sp? I had put 45 sbd into the post, and did not lose any of the bids. So how did i end up losing money?
The posts are listed in sbd, so it should have been 75 percent of 99 sbd. Im confused.
https://steemit.com/informationwar/@miss-j/trump-signals-time-limit-on-swamp-shenanigans-while-ex-cia-brennan-sends-threat-to-the-president-again
This comment is so amazing!!!
I'm glad you found it helpful!
I was just searching for that answer, thanks for that
I've summarized many of the points above in a chart some time ago. I'm not sure if links to posts are appropriate here, so let me just paste the pic:
Hey thanks for this!
AWARD: Hello, you won this first round for best answer! The aware amount was small ,but will send it over very soon. Thanks for participating!
Can you make money on a post after you already got paid for it?
Short answer - no.
It used to be the case that there was one payout after 24 hours and another after 30 days. That was changed. Now there's only one payout which occurs after 7 days.
How long until I see my curation awards as I never see a difference in my steemit wallet?