The 30 minute rule
At 0 seconds after the post is made, you are penalized 100% of your reward. ( This decreases linearly till 30 minutes after the post, where the penalty is 0. The penalty fee goes directly to the author. At this moment, the penalty is linear. I.e. 100% at 0 seconcds, 50% penalty at 15 minutes, 0% penalty at 30 minutes.
This leads to an interesting dilemma. By waiting 30 minutes, you avoid any penalties. However, the post could explode with upvotes within these 30 minutes, and you are left with a negligible share at the end of it, penalties or not.
In the end, it comes down to a simple gamble - Do you think this is potentially a very popular post and could go viral any minute? Take the penalty. Be early.
. I could see this post would be a massive hit and be trending in short order, so I took the risk. I voted in the first 7 minutes, received a 75% penalty. Yet, it turned out to be the right decision as minutes later, the whales joined in the fun. Within 30 minutes, the post had generated several thousand in SBD. If I had waited till then, I would have ended up with 0.001 SP, at which point any penalty is academic.
The other factor is time of day. Usually, during peak hours - Morning and evening US time, things trend very quickly. Often hitting $1000 within 10 minutes. Whereas off-peak hours, posts often take 30 minutes to a couple of hours to be picked up by influential steemers.
Certain posts are slow burners. The more analytical, longer and verbose posts often take time to catch on. Whereas some posts are punchy and trend fast - particularly visual ones.
My general recommendation is - wait 10 minutes for posts that are very interesting and likely to be popular. 20 minutes otherwise. If it's peak hour and a post is destined to be Top 3 on the Trending page, take the penalty. Vote within 3-7 minutes.
You are only rewarded for upvoting within 12 hours. Upvotes beyond that count for a long-term 30 day payout, but aren't rewarded for curation.
Credit to @liberosist
Source:
https://steemit.com/steem-help/@liberosist/mind-your-votes-an-investigation-and-guide-to-maximizing-your-curation-rewards
Thanks for your upvotes
Commentors are followed
Restem for your friends
Thanks for this. It's 8 months later and the rules don't seem to be quite the same. How does it work these days? Can you provide an update?
steemit is keep upgrading, for better and from 30 minutes, it is go to 15 minutes,
this is for the curator only and this rule doesn't really affect too much to the new steemians
So curators now have only 15 minutes to upvote to get any curation credit?
that will take effect in hf20,
hf20?
@albertvhons hf20? What's that?
hard fork 20
Ah, gotcha. Thanks @albertvhons
I guess I'll wait 30 minutes to upvote. LOL. Great info, I wasn't aware of all this. So many factors in this community that drives the numbers.
Wow, how Generous you are!,
@wthomas thanks a lot. How can i forget you..πππ
You're very welcome. you are quite deserving. Enjoy and Steem on.
Surely i will..
I tried to find this article, because it takes a lot, and had some question that this can answer.. Just resteem to aware your followers too..
Nice post with good information. Thank you. I will follow you
Thanks
Why this penalty exists?THANKS
This penalties exist to control spam and no reading at all to the post.. but only curators affected to this rules