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RE: Everyone's making money, no ones getting paid! Read this if you think your gonna get rich on SteemIt

in #money8 years ago

I haven't looked into it, but I have the impression that the post payout displayed is not calculating comment value. So if you have a post reward 10.000$ then that's 50/50 steem dollars and steem power. Again, I haven't looked that up - but even if it isn't 100% accurate, you can filter the comment payout and only show the author payout through the UI in some future UI update.

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I'll do more calculations when I actually make some money, but from my past posts my payouts were where I got my calculations from. I could always be wrong tho...I often am.

Ok, so just got a payout from an article yesterday. It says 0.20$ on the article: https://steemit.com/steem/@alexgr/steem-hardfork-ahead-improvements-in-comment-rewards-liquidity-system-acc-recovery-min-block-size-and-bugfixes

The payout was: 7 minutes ago blogging reward of 0.096 SD and 0.029 STEEM POWER for alexgr/steem-hardfork-ahead-improvements-in-comment-rewards-liquidity-system-acc-recovery-min-block-size-and-bugfixes

This is actually 0.20$ - if not slightly more (haven't checked Steem Dollar prices right now, some times they are 30-40% higher than the dollar). So if there was a 25% for comments, the display on the article (0.20$) would be wrong.

So steem dollar is at 1.15$ right now... and SP is at 3.3$... so...

0.096SD = 0.1104$ and 0.029SP x 3.3$ = 0.0957

total actual sum paid = 0.2061$
post showed 0.20$ payout

I got more, lol.

Ya they don't show past the 2nd decimal. I have posts with less than 1cent payout that show 0. Where's the dam calculator at.

I just edited my article because you were right. It's approx 50% SteemDollars, not SteemPower/

.20 cents payout
.096 SD = 48%
.029 SP = 14.5%

So I'm only off about 5% tho based on your numbers :)

The 0.96 SD = 11.04 cents
The 0.29 SP = 9.57 cents

I think the payout aim was ~0.19$ (9.57cents x2, half-half in SD and SP) but I got more due to steem dollars having a 1.15$ real life value.