Have you seen @steemit 's wallet? Also if you notice when you get a 50/50 split your steem power reward is much lower, between the 25% curation reward and what you are paid out it does not equal what it it is supposed to. @steemit collects part of your steem power reward. Not that I blame them they created the site.
When you use 50/50, this means that your total payout, lets say $10 will be distributed by following scheme:
Maximum 25% will go to curators (People who upvoted you and created $10 payout)
remaining 75% will be split 50/50 SBD and Steem
Since SBD is booked to be dollar equivalent, it will give you exactly 50% of 7.5 in SBD or 3.75 SBD. The other 3.75 will be paid in steempower. If steem value is $3.75, than $3.75 will be 1 Steempower as payout, or if steem is more than 3.75 than 0.xxx steem will be paid as steempower.
The funds in the steemit account were acquired via mining. No one is charged a fee and neither does Steemt Inc collect beneficiary rewards. I am guessing you are new here. This platform is run on a public blockchain where ALL the transactions are visible. I recommend that you do some research before jumping to conclusions.
no need to track other accounts. just post, get rewards and calculate by yourself. You will find that at least 75% of rewards will be shipped to your wallet. the remaining 25% or less will go to curators who upvoted you. No fees.
posting via dmania cuts some rewards, but standard posting via steemit has no charges.
Initially all the tokens were mined into existence, several months later it was decided to remove the Proof Work portion of the consensus algorithm via a hardfork that was approved by the community via the witnesses. As far as the steem power in the account we can all see that it does not come from fees (it's a public blockchain and anyone can audit it). Again...do your research and don't make asumptions.
Probably pre-mined and contribution from random users. I don't see anything that will suggest anything you are saying looking at his wallet. https://steemit.com/@steemit/transfers
He supplies all the new users with steempower, he has to be collecting, there is no way he would not only be running this site for free, AND paying out of his pocket for new accounts. That just isn't good business.
You are quite new.
Just read around a bit.
Steemit is a company.
Read about @ned and @dan.
Just follow some Top 20 witnesses. @aggroed is a good start. @timcliff also.
Because your concepts of steem, steemit et al. seem a bit off. And there is not enough space here to explain everything in this little comment box ;)
It certainly isn't 50% of the USD value of the total paid out. It is VERY skewed to favor SBD on payouts. We had to create our own sheet to get the real 50% payout.
This is because the system recognizes SBD as being worth $1... In the case that SBD is worth $1, then yes, you do get exactly 50/50 of whatever the post is valued at on the Steemit interface. But, when the SBD price is higher than $1, then the value of your earnings (should you sell/convert your SBD) will reflect this inflated price.
As @furion pointed out, Steemit does not take a fee. You might be thinking about the curation "fee" where the curators get 25 % of the pending reward. This will still be happening on Viper as well, in addition to the 25 % cut they take.
It's true that other sites also have beneficiary systems, but it's often not 25 %. I think 10 or 15 % is a lot more common.
It is similar to Dtube and Dsound. We might probably lower the fees to 15% for blog post only and keep 25% for multimedia content. We'll adjust the price as time is moving forward but for now it roughly is 25%.
Have you seen @steemit 's wallet? Also if you notice when you get a 50/50 split your steem power reward is much lower, between the 25% curation reward and what you are paid out it does not equal what it it is supposed to. @steemit collects part of your steem power reward. Not that I blame them they created the site.
This is just wrong, @infamusfiend. Steemit does not get a part of the Steem Power reward. The reason why less than 50 % of the reward is from Steem Power is because the blockchain still treats 1SBD as 1USD, while it is clearly not.
@imfamusfiend you need to do more research on how steemit does post payouts, read the whitepaper. You're spreading incorrect information.
Also on another note, I cant see the differentiation factor of Viper. And from those snippets of the whitepaper i just read, it gives me the impression that the creators are not professional at all.
Steemit does not take any fee. Some other services do "charge a fee" via the beneficiary system.
very good, to increase my knowledge, because I am still a beginner
Have you seen @steemit 's wallet? Also if you notice when you get a 50/50 split your steem power reward is much lower, between the 25% curation reward and what you are paid out it does not equal what it it is supposed to. @steemit collects part of your steem power reward. Not that I blame them they created the site.
You are wrong.
When you use 50/50, this means that your total payout, lets say $10 will be distributed by following scheme:
remaining 75% will be split 50/50 SBD and Steem
Since SBD is booked to be dollar equivalent, it will give you exactly 50% of 7.5 in SBD or 3.75 SBD. The other 3.75 will be paid in steempower. If steem value is $3.75, than $3.75 will be 1 Steempower as payout, or if steem is more than 3.75 than 0.xxx steem will be paid as steempower.
No hidden fees
So if this is the case, can you explain his wallet? and how he can afford to fund every new account that comes to steemit?
The funds in the steemit account were acquired via mining. No one is charged a fee and neither does Steemt Inc collect beneficiary rewards. I am guessing you are new here. This platform is run on a public blockchain where ALL the transactions are visible. I recommend that you do some research before jumping to conclusions.
Well acording to the blue paper its a mineless system, and the account has 4 million steem power more thank it did yesteray, but okay.
no need to track other accounts. just post, get rewards and calculate by yourself. You will find that at least 75% of rewards will be shipped to your wallet. the remaining 25% or less will go to curators who upvoted you. No fees.
posting via dmania cuts some rewards, but standard posting via steemit has no charges.
Initially all the tokens were mined into existence, several months later it was decided to remove the Proof Work portion of the consensus algorithm via a hardfork that was approved by the community via the witnesses. As far as the steem power in the account we can all see that it does not come from fees (it's a public blockchain and anyone can audit it). Again...do your research and don't make asumptions.
Probably pre-mined and contribution from random users. I don't see anything that will suggest anything you are saying looking at his wallet. https://steemit.com/@steemit/transfers
He supplies all the new users with steempower, he has to be collecting, there is no way he would not only be running this site for free, AND paying out of his pocket for new accounts. That just isn't good business.
You are quite new.
Just read around a bit.
Steemit is a company.
Read about @ned and @dan.
Just follow some Top 20 witnesses.
@aggroed is a good start.
@timcliff also.
Because your concepts of steem, steemit et al. seem a bit off. And there is not enough space here to explain everything in this little comment box ;)
It certainly isn't 50% of the USD value of the total paid out. It is VERY skewed to favor SBD on payouts. We had to create our own sheet to get the real 50% payout.
This is because the system recognizes SBD as being worth $1... In the case that SBD is worth $1, then yes, you do get exactly 50/50 of whatever the post is valued at on the Steemit interface. But, when the SBD price is higher than $1, then the value of your earnings (should you sell/convert your SBD) will reflect this inflated price.
As @furion pointed out, Steemit does not take a fee. You might be thinking about the curation "fee" where the curators get 25 % of the pending reward. This will still be happening on Viper as well, in addition to the 25 % cut they take.
It's true that other sites also have beneficiary systems, but it's often not 25 %. I think 10 or 15 % is a lot more common.
It is similar to Dtube and Dsound. We might probably lower the fees to 15% for blog post only and keep 25% for multimedia content. We'll adjust the price as time is moving forward but for now it roughly is 25%.
Have you seen @steemit 's wallet? Also if you notice when you get a 50/50 split your steem power reward is much lower, between the 25% curation reward and what you are paid out it does not equal what it it is supposed to. @steemit collects part of your steem power reward. Not that I blame them they created the site.
This is just wrong, @infamusfiend. Steemit does not get a part of the Steem Power reward. The reason why less than 50 % of the reward is from Steem Power is because the blockchain still treats 1SBD as 1USD, while it is clearly not.
@imfamusfiend you need to do more research on how steemit does post payouts, read the whitepaper. You're spreading incorrect information.
Also on another note, I cant see the differentiation factor of Viper. And from those snippets of the whitepaper i just read, it gives me the impression that the creators are not professional at all.
No
Wow. Bro. You enlightened me! Didn't even know that and I've been here for 3 months now..
Well I'll try this VIPER platform out