You are viewing a single comment's thread from:

RE: Brand New Gridcoin Resource - in the works!

in #gridcoin7 years ago

Newbie question here.. This almost $7 displayed as a "pending payout" is this the USD equivalent of STEEM I will receive? I guess I could just wait and see what happens... But I'm curious!

Sort:  

Depends. What payout did you pick? If you selected the 50/50 option (which you should at the moment), then the split is like this:

Out of your 100% of rewards ($7), 25% goes to curators (voters). This leaves you with 75% of the total ($5.25).

The 50/50 split means you get half of that as SP (locked down STEEM) and half as SBD (Steem dollars). You get:

  • 0.5*$5.25 as SBD = 2.625 SBD
  • 0.5*$5.25 worth of SP = $2.625 worth of SP = 0.4 SP at current market rates.

The total value of this will be 0.4 SP *USD$6.58 + 2.625 SBD * USD$8.56 = USD$25.10


If you picked the 100% power up option for your post, then you get 75% of the post value paid in SBD. In that case, you get 0.75 * 7 = $5.25 worth of SP = 0.8 SP = USD$5.25

As you can gather, SBD is currently stupidly overvalued.

Well, I did 50/50. So I guess that's good? I'm confused at how it ends up equaling $25...

SBD is worth a dollar, but currently trading at USD$8.56.

So does it make sense to buy STEEM with the SBD I'm given, and then power-up with that STEEM? I'm looking at the market currently.. Is it that simple?
I'm still trying to figure out the whole powering-up deal, but so far I think it just means having more leverage on the site. I'm doing this "Free-to-Play" so to speak currently, so I'm just trying to figure out my best move.