Post Payouts Simplified - with a Practical example.

How Payouts Work…

I made $10 on a post, how come I only got 3.75SBD and some SteemPower

Similar questions to the one above as regards Payouts on Steemit have been thrown to me especially recently that the number of new steemians from our Community @cryptonafrica @stach is increasing exponentialy as we work towards the #project20millionnaija campaign. I promised to do a post explaining Payouts as simple as possible, for more detailed explanations check Steemit FAQ

So how does it work?

First off, the value( $ shown in Steemdollar-SBD) that you see on your post is NOT the amount of your own payout. As the creator(author) of the content/post, you receive 75% of the total value while as much as 25% is distributed among the curators(those who Upvote, comment and resteem). It currently takes about 7 days from when a post is made for the payout to be executed.
There’s also something else guys…

At the point of making a post you can decide how you want your own part of the payout (your 75%) to be given to you; You have the following options for your post payout:
• 50% | 50% - Half of your payment will be in Steem Dollars and the other half in Steem Power.
• Power Up 100% - Your entire payout will be in Steem Power.
• Decline Payout - You won't receive a payout.

Now Here's a typical example with one of my recent posts...

So watch closely, only 36mins left.

...one minute more. look at the amount closely!

Voila...

Calculate 75% of the post's value and give me half as SBD and the rest as SP (SteemPower calculated at the current value of STEEM).

If you like this post please don't forget to give me an Upvote, let this reach more people by resteeming and finally leave a comment if you have any questions or contributions.

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Posted on Utopian.io - Rewarding Open Source Contributors

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