Hello guys today we are going to talk about how voting and voting power works and what is the difference between someone who generates 1 cent and someone who generates $20,000 with one click. A fresh new account that you just created without any Steem power, your upvotes will only be worth one or two cents.
I have 455.735 Steem voting power invested in my account which I cannot access for 13 weeks. I should generate 17 cents. How do I know that? First of all, when I click on Upvote I see that I'm generating 17 cents on 100% upvote.
If you want to know for sure you can go to https://www.steemnow.com/ and put in your name where the username is. Here you can see your voting power and the worth of your upvote. As you can see my upvote is only 5 cent at 30% upvote. If it was 100% it would be 17 cents. Every upvote I do burns 2% of my voting power. If your voting power goes down to zero, your upvote will worth zero.
Every day your account regenerates your voting power by 20%. In 24 hours, you are regenerating 20% of your voting power. In order to keep an equilibrium, never go below 80%. That also means you can do 10 upvotes with 100% every day without worrying that you will run out of voting power. Of course, you can do more than that but then your voting power will go down and when it goes down the amount of your upvoting also goes down. My voting power goes down to 30% so I can only generate 5 cents at the moment.
Let's compare to the strongest account on Steemit. The Steemit account which is called Steemit.
So I change the name to Steemit and here you can see they have 100% voting power but they haven't upvote anything yet. If they would upvote something, one upvote with 100% would create $20,000 with just one upvote. 😱 And can do 10 times each day. They have 65 million SP(Steem power) as you can see here.
So to wrap it up, only do 10 upvotes a day with 100% upvote a day. I just want to say thank you to everyone for the positive comments I've been getting. You guys are awesome!
Awesome, that helps clear things up about voting power a lot for me! Thanks!
Your welcome @mk3jetta glad I made it clear :)
Thanks @vaansteam - one of the few posts that I can actually understand the voting mechanism! A question, though: you mention you invested in your steem power - what's the reason (other than altruism) for adding to the amount that others receive from your upvotes?
There many reasons why you should invest in Steem power. You can support people for their post, you can promote, your service you can reward and you can earn curation reward. @willcottrell
Thanks - so your curation rewards are higher if you have more steem Power?
wohooowow - Dude - whats going on with your account?!
Since my last visit and resteem of your drawing dollar note your on fire like hell!
RESPEKT!
My votepower is low and i use my small votes for my commentators on my LV 50 Party Post :) But i will send you my voteassistent Otto :)
Steem on!
@peppermint24 Thanks for dropping by. It has been a while. I see that you're not doing too bad yourself. Keep going!
Yeah - i found it - out of our first days here on steemit.
Your reputationlevel was 30 - 29 days ago :)
https://steemit.com/deutsch/@peppermint24/wow-von-ihm-wuerde-ich-mich-sogar-taetowieren-lassen-3d-art-perfekt
Thanks - i try my best.
I think 2018 will be a great year here.
Steem on!
There is no chance to get out of your way! ;D
@peppermint24
NOPE <3
nice explanation . thank
You welcome @faroel
$20,000 upvote 😱😱
I know that's insane! I wonder how much money do you need to invest to get to that level?
With the price of Steem right now, you would need 13 million Steem
you are really amazing .............. great information .
Thank you @ahmad1997
Oh my gosh! This is the first time for me to win something in Steemit!
I always love reading your posts as they are very easy to comprehend and everytime I do, I already feel like I've won something since I always have a takeaway from your posts.
And then you give me this? Feels more like I've won the lottery! Hehe
I would have upvoted you using the platform you suggested but it's still under maintenance. I'll just do it next time and upvote you here for now.😅
All the best!!👊🤗
You're too sweet! Congrats again on winning! Thank you for always reading my posts and commenting. You're the best!. Hope you enjoying your day :) @superstarxtala
😄😄
Hope you enjoy yours too.☺
One other thing you could mention and I remember when I started I was wondering is, when that slider appear, that you can choose how much (%) of an upovote you want to give to specific post. And it is 500 (or around there) Steem Power.
Because of this, my first bigger goal is to get to 500 Steem Power. I'm about half way through, and you are very close ;-) (edit) Actually, if you convert your SBD to Steem Power, you are there! Congrats ;-)
Thanks for pointing that out. Yes, you'll need 500 to get the bar. It will eventually come. Good to luck on your goal. Have a nice day! :) @veleje
There is a way to use the slider before you get to 500 steempower!!
I can give you the link to the post, but its only in german ;)
https://steemit.com/deutsch/@obvious/keine-bandbreite-mehr-zu-viel-upgevotet-ein-workaround-fuer-mehr-aktionsfreiheit
Maybe you can translate it! There are also pics...
Good luck!
greetings, @happy.food.life
Thank you.
I'm aware, there are some chrome extensions that does this also among other things, maybe this is the same thing, but you need to use, enter into someones else program, your key and for that reason I decided I will just wait until I get to 500, I'm a little over half already :-)
As far as I know, you don´t have to enter in someones else program. But what do I know! ;D
May you reach the 500 soon!
Mo*
Ahh cool, so it is not the same thing, will check it out then. Yesterday I was bellow 90% so I upvote you today. Better late then never ;-)
Oh, thanx!!
Hope it will help you!!
:D
Thank for sharing @happy.food.life
Welcome! :)
Thanks for the info. Definitely appreciated.
Your welcome @cstrimel :)
Thanks for the post, you shed the light on our darkness.
Glad I was able to help. Let me know if you ever have any question @doublea85
very helpful
Thank you @ghozaliart
👍👍👍
Thanks
Oh @vaansteam Brother, I hunting this answer for a long time, You did an answer. I am new in steemit. so, I want to know more details. I following you. follow me back please.
great and good info
Thank very much! @ibrar26
Nicely done post on upvotes and voting power! worthy of upvote and resteem!
Thank you so much! I really appreciate you resteeming. :) @steem-monkey
Amazing and informative :-)
Thank you so much @aronexxon
Equally @vaansteam, please vote my article @vaansteam
Gracias por la información es bueno saber como es todo en el steemit , te invito que veas mi blog para que veas todas mis post y a seguirme en todas mis publicaciones, asi lo haré yo.... feliz dia!!
De nada. Me aseguraré de revisar que tu blog tenga un buen día @mariselapolanco
As much as you can.
Yes, you can do that too :) @mysearchisover
Go big or go home! lol
That's right, I heard that a lot
hi vote me
that's good idea....
thanks for sharing...
Thank you for your comment! @gmreza
most welcome dear
Thanks for sharing this info
You're very welcome! @bakhtiarali
Really nice composition of what you share @vaansteam
You came up with really good information for members like me who is new on steemit.
Keep sharing post like this in future.
Followed you.
Thank you so much @geek.phoenix I try to do my best to help. I believe what we put out in the community, it will come back to us. Have a blessed day!
Good info, I found this out the hard way, still trying to claw my way back to 100% before starting to vote just 10 times a day :)
I already knew about it but still, I upvote. It will take longer to regenerate.
Gracias
bienvenido @volcandemorcilla
Thank you for taking up the effort and sharing this info... Really useful for a newbie. 👏
You're very welcome. Glad you find it useful! @annekins
Thank @vaansteam well written. I love learning about the nuances of Steemit. Keep it up. It's inspiring.
Thank you! @tryskele. I love doing what I do :)
Thanks alot
That was really helpful..
Your welcome @syedihsanshah
Oh My God,,I really don't understand about it.
I think i need to learn it more and more.
Thank you for your posf it's so helpful.
I hope you will get everything in time @nufusmutiara
I vote on many different posts, i just vote what i like and i enjoy, its important to give feedback through votes! :)
Yes, Just find a good content and vote for it :) @the-biking-guy
I understand. Thx!
Your welcome!! @d0zer
thanks so much i had no clue to how this worked you have explained this perfectly i will go and see my voting power asap .i made a mistake as im a newbie and thought upvoting alot was the way to go .obviously you want to retain your hundred percent and do minimal voting so it is of value thanks deni
Steemnow dot com is a good place to check what your vote is worth. Good luck to you! @deniguerrera
Very useful advice, but I think minnows shouldn't worry too much about voting more than 10x a day as our votes are pretty much worthless at the moment. Though dolphins and whales could certainly benefit from this. Thanks for the informative article. Have a nice day.
Yes, you're right @riovanes, Thank you for pointing that out! You have a nice day as well! @riovanes
What's the minimum SP for the slider? 500?
You'll need 500 @jlordc
Very helpful, thank you!
Your welcome friend! @jerscoguth
You got my vote! Really interesting topic.. thank you for sharing
Your welcome and thank you for your vote!. Have a great day! @livemylife
muchas gracias esta información me ayudo mucho! ahora entiendo muchas cosas.
bienvenido, hágamelo saber si no escribe nada @katherineherrera
Thanks for the info!!! I was about to perform a search for this very topic.
I"m glad you found blog :) @ablacknerd Thank you!
I really didn't understand this voting power stuff and upvote but after reading this post i think i get it to some point... Gradually @genievive is going to make it (straight to the top)
I"m glad that my post help you understand a little, let me know if I can help with anything else! @genievive
Nice, so usefull
Thank you! @emsyawall
Very helpful!!! Followed you 😊
Thank you! I did the same :) have a nice day! @gwenbyyy
hi vaan,very well explained
Thanks @strangevision I"m glad :)
Thank you for sharing this analysis
You're welcome @protocollatore Good luck to you!
thank you @vaansteam, learn a lot from your post
Happy to help :) @jerrywjl
Thank you for this helpful post @vaansteam. Made me understand the voting power and how to vote!
I"m glad you have a better understanding now that you read my post @raquelita
Hello thank you very much for following me, I am new in this great family and I want to contribute the best of me, your publications are incredible
Your welcome. Hope to see more of your post! @anav92
woowww
I said the same thing :) @matytan
that's good!
Thank you @noime
Thank*s for a usefull information!)
Your welcome @elza3000 Have a nice day!
A nice post. Thank you for the opportunity given to me.
Your welcome. Hope you do well on the platform! @isamu2018