Curation Rewards part 2
In one of my previous post I wrote about the details involving my curation strategy. In this part of my Curation Reward post I will share the numbers and graphs of one week of curation and analyze the results.
My Steem Power at the moment is 3108 Steem or 391,723.852 MVESTS. At the time of the curation my Steem Power was around the 2900 mark.
This graph shows the total of one week of curation per author. The total amount of curation I received is 7.036 Steem (American notation so that means a little over 7 Steem).
This means that I can receive 7 Steem on average by curation alone. Just think about it. 7 Steem a week leads to 28 Steem a month. So even if my Steem Power would stay the same I can collect 336 Steem a year by curating.
This chart shows the top 10 of curations rewards (total amount) I received per author.
- @williams858
- @xervantes
- @flauwy
- @arturomdg
- @pjcswart
- @djynn
- @steembusiness
- @steemiteducation
- @qurator
- @colinbrazendale
There are some interesting things to see in the top 10 list. @williams858 who recently became a dolphin is leading the chart with a total of 0.672 Steem.
What surprised me most is that I am in second place. I did not realize that I could collect curation from my own posts, I earned myself a total of 0.611 Steem. @flauwy is in third place which is no surprise because he had some high earning posts at the time. @arturomdg is in 4th place, he is very consistently making nice payouts on his Spanish posts. @pjcswart is in fifth place on my list beating more established authors like @steemeducation, @steembusiness and even @qurator.
This list shows clearly that it pays to upvote minnows even if they are not trending authors. No one in the list with the exception of @flauwy had posts that trended during the week that I earned these curation rewards.
In this graph we can see the total count of received curation rewards. Because of my use of Steemvoter this number is also an indication of the frequency that the author posts.
You can see a relation between my top 10 (total amount) and the times that I received curation rewards (times that the author posts).
The top 5 per author is as follows:
This clearly shows that it pays to curate authors who post frequently, the more votes the higher the curation reward per author. Of course my man @flauwy is leading the chart with 15 posts
Here you can see the top 10 highest curations rewards (per post) that I received.
- @djynn
- @pjcswart
- @williams858
- @steemiteducation
- @xervantes
- @happymoneyman
- @steembusiness
- @flauwy
- @bluemist
- @clumsysilverdad
The highest curation I received came from curating @djynn, closely followed by @pjcswart and @williams858. What surprises me here is that @flauwy is only 8th on the list. This might have to do with the large number of upvotes he received on his trending posts.
The highest curation reward is 0,2 Steem, now this is quite good. It might not seem like much but remember this is just for 1 curation. My average curation per day is 29 so if I would earn this on every curation I would receive 5,8 Steem per day, 40,6 per week. That's over 160 Steem per month!
This chart shows the average amount of curation earned per author.
@bluemist and @clumsysilverdad stand out with an average amount over the 0.1 mark. This deviation is caused by the fact that I only upvoted them once during that week (I promise to do better guys!).
If we look at the average number then we can conclude that this is somewhere between 0.05 and 0.02 Steem. If we take into account that I average about 29 curations a day the total should be between 0.6 and 1.45 Steem a day (ideally) which matches with the 7 Steem I earned that week.
This curation strategy has some great upsides
- Good return on curation
- Support for your fellow minnows
- Minnows are more inclined to return the favor than high grossing authors
- Minnows who grow and turn into dolphins or whales will remember who supported them
In the end it is a win-win situation
Be sure to also check out Cryptocurrency Mining For Dummies - lesson 1 and 2 by @gregory-f.
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Some of them are truly great. Please upvote this comment for helping me grow.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Xervantes from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
Great information and analysis. It proves what I have believed ever since Hardfork 19, it pays for Minnows to curate. Thanks for sharing this information and thank you for recommending my posts!
Thanks man, It took me a long time to realize that this is the way to go instead of upvoting the always trending authors. It hit me when I finally took the time to read the white paper and understood that the algorithms are designed to reward the curators for finding "undiscovered" high quality posts. I then decided to test this theory and found that upvoting minnows is far more rewarding then upvoting already very popular steemians.
In more ways that one!
Whales and dolphins take note!
This wonderful post has received a bellyrub 10.24 % upvote from @bellyrub thanks to this cool cat: @xervantes. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
This post has received a 6.27 % upvote from @booster thanks to: @xervantes.
It seems as though every time I leave a comment the value of my account goes down? Any idea?
Hey what's up doc? (always wanted to say that). Do you mean your voting power or the value of your account in dollars? Your voting power is quite low (37%) you have to wait a while for it to recover to 100%. You get 10 100% votes spread over 24 hours. If you vote too much or too soon after each vote your voting power goes down. Try to keep it between 90-100%. Check your voting power here or use the "Steemit more info" browser plugin.
LOL
Account value.
Well that's easy. The price of Steem is influencing the dollar value of your account. I make it a habit to only look at the Steem value (which should only go up unless you are in a power down). If Steem is dropping in price so will the dollar value of your account. Don't worry it will go up once Steem starts to go up in value again. Kinda goes back and forth at the moment.
Hey thanks for the info. I couldn't tell if It was the value of steem or if I was pissing off some whale.
Thanks for the info. How often should you redeem rewards? and does resteeming and commenting on posts have any impact on the account's value?
I redeem whenever I got some spare time. The rewards don't have a expiration date. Resteeming doesn't have an impact on your account value. Commenting can also earn you rewards so they can have an indirect positive effect but that's about it.
Thanks
Wow 7 steem a week. That's is impressive! ....and I'm just so happy to be mentioned on your post. Thank you :)
No, thank you for the curation rewards :)
:):):)
hey @xervantas. How do you calculate all this and how do you make up the graphs. I'm interested in looking at my own stats since I follow a very similar 'strategy'.
Hey Jef, the numbers come from sites like steemdb and steemd. Here you can look up all the curation you receveived and from who/post I simply copy-pasted this data into an Excel sheet. Rearranged the data and made a pivot table (draai tabel). With excel you can generate your own graphs. I can write a tutorial if you like.
You do that manually for all those accounts?
No, it's one list. Excel does all the hard work for you. It's quite simple if you now how. For my work I often have to make rapports similar to these.
I'm working on an article that's related to yours. Can I somehow contact you to verify if my calculations are correct? steem.chat, discordia, ...
No problem, you can contact me on discord.
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