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RE: Tips On Using Your Steemit Wallet And How To Invest
Hey dude, nice post.
Here's a random question that I have since a while. You know if there's a way to know how much Steem Power you need so your vote has a X value? I'm not sure if I I made myself clear 😅
I use Steem.Supply to get that kind of data. It doesn't show exactly what you will need to achieve your goal, but my vote is 10 cents at 500 SP right now at 100%. If the value of Steem goes up, then it could be worth more even though I still have the same SP. It all depends on value and SP.
Hope that helps. There is not singular answer for your question.
Oh, It seems more complicated than I thought.
Thanks for answering :)
@jc21.ramos, I am not sure if I understood your query properly. But let me try it anyway.
steemnow.com is a webpage that gives you lot of info. Your 100% upvote value, author/curator rewards and much more.
In this page next to the upvote value, there is a small calculator icon. Press it and you will go to a upvote calculator. Here you can enter any SP and see the equivalent voting power. The default value shows 10000 steem power $1.67 at 100% power. You can change steem power and %age and find the corresponding upvote value.
Hope that helps.
@walkingkeys, please advice me if I am right.
Holy, that's exactly what I've been looking for, thanks!
Question: what's the difference between Vote Power and Vote Weight?
@jc21.ramos, vote weight is the $ amount your single up vote has at 100%. My vote weight is $0.005. (that is at 100%).
Vote power is how much you up vote a blog. If you have a slider in your up vote button (you get a slider after some 500SP in your wallet), you can vote only a fraction of your full vote weight. For example if your single up vote is say $1.0, you can distribute it to up vote 10 blogs at $0.1 using the slider. That is vote power (10% of your full power) that you are using for upvoting a particular blog
Voting power decreases with each vote. Voting frequently in a small amount of time increases the rate at which voting power decays and it recovers slowly after a period of not voting. You get 10 no. 100% up vote every 24 hours. Meaning you can up vote 10 blogs /comment everyday at 100% without diluting your voting power. After 24 hours your voting power is restored to full.
In steemnow.com you can see your voting power in %age. Just see that it does not go below 85%. If your voting power dips below 85% then every subsequent up vote that you cast will have less than full 100%power.
So if your voting power is say 50% every up vote you cast has only 50% value of your up vote. (That is if your full up vote value is say $ 1.0, and if your voting power is 50%, then each up vote is worth only $0.5 and not $1.0)
Hope that clarifies
This is my understanding. May be some senior here can clarify or throw more light on it.