Payouts Are Getting Ridiculous
Holy crap, have you seen the amount of payouts on today's front page?
The top post is at a whopping $32,209 at the time of writing, with several more posts that earned over $6000. In my experience front-page posts would usually get about $1000-$2000 in the past.
I've noticed a sharp jump in the value of my own votes too, my vote was worth only a cent or so yesterday, but now it bestows 0.17$ upon whomever I vote for.
Is there an explanation for this sudden jump in value? A change in the payout algorithm? More users on the platform? The moving average of the Steem price finally adapting to current exchange rates?
My theory is there might be a connection with the site maintenance that was performed. Steemit was in read-only mode for several hours.
The value of posts seemed to keep increasing even while Steemit was in read-only maintenance mode. People were not able to vote, yet the payout increased.
So perhaps during site maintenance when no new posts are made, all of the "payment pool" will keep going towards existing posts?
Anyone have a better explanation? Looking forward to your thoughts.
Also, congrats to anyone who just got "rained" on!
STEEM/BTC value has risen a lot in the recent days.
The value of SP is based on a 7 day moving average. Now...it's take off baby. :-)
The more people join in, the more diluted that payout is going to be. THIS IS A GOLD RUSH STYLE MOMENT.
Those times when comments are worth 4x more than the original post.
To the moon my friend?
The maintenance is exactly which re-valued the posts. The quantity of posts while the system was in "read only mode", means there were a lot less posts that particular day.
Which simply means, there is enough steem created each day to handle this quantity of posts.
I would expect a good post would be worth no more than $100, and there should be a lot more "sharing" of the daily steem dollars among all the top posts.
Eventually we'll hit that plateau. For now, yes, we see crazy numbers, even on the days where there is no maintenance.
This place it out of control!
before the update the SP was valued at about 80 cents instead of actual market price. so if it said you earned $100, $50 in steem dollars and $50 worth of SP, it was actually $150 worth of SP.
so before the amount shown was a bit less than half.
now it is pretty close to market value
So many things to learn as we move...this is an experimental project and it have so many moving parts in it.
damn, i need one 100000 $ post and i am set for life ;)
i just checked that 32K post. its down to 10K, but i wonder if a payout has occured already?