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RE: Chronicles of a Dolphin Curator - 18th July 2016 (The beginning of a new chapter...)

in #dolphincurator • 8 years ago (edited)

Good post! I'm right there with ya 3 kids full time job and all that, and even though I try to still be supportive of actually GOOD content even if I missed the first upvotes.. I'd say the worst is upvoting when it says 15 minutes but is still less than the 15:00 minute mark and forfeit 99.94%

Which is where I make this face..

8 years ago in #dolphincurator by
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     8 years ago (edited) 

    99.94 seems a lot... you should only forfeit that much if you vote within seconds of the post going up.

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       8 years ago (edited) 

      the way it's established is
      0-15mins = 99.94% goes to poster, 0.6% to curators
      15- 30 = 50% - 50% ** 15mins mark isn't a set in stone threshold, the only real one is the 30mins mark.
      30+ = 100% to curators
      This is only valid for Curation rewards, the author still receives 50% or more of the total rewards.

      Source = https://steemit.com/steem/@steemship/how-to-vote-smart-and-profit-from-steemit-s-new-curation-rewards

      We might think that waiting 30mins before upvoting / commenting would be the smart thing to do, but truth is, waiting that long opens the door to not being among the first to upvote / comment, so by the time you do so, others will have jumped in before you, and this dilutes the rewards.

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       8 years ago  

      You've mis-understood what @steemship was saying,

      If you vote immediately after a post is made, then 99.94% of the curation reward will go to the author. If you vote after 15 minutes, then 50% will go to the author. Any votes made 30 minutes or later 100% will go to the curator.

      (own emphasis added)

      If you vote after 14 minutes, you'll forfeit something like 53% of Rewards due to you, not 99.4%

      Read this post for a full picture of how it works/ when and why the rules works that way:
      https://steemit.com/steem/@steemitblog/latest-curation-reward-solution

      Our solution is to offer a reverse auction for curation rewards on votes cast within the first 30 minutes. The price starts out at 100% of your curation reward and falls toward 0% over 30 minutes using the curve (1-t2). The longer a bot waits to vote, the lower the fee will be. However, if someone else chooses to vote before you it would lower your potential absolute reward.

      $1.16
      • Past Payouts $1.16
      • - Author $1.16
      • - Curators $0.00
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       8 years ago  

      Appologies, I indeed misunderstood , thanks for the precision and the link :)