Can any steemit ninja help me understand why a post with a potential payout of $98 has slowlly turned into $93?
Is that normal? Should i do anything to prevent this to happen?
As you can see in the image, payout for one of my last posts was exactly $97.82 two days ago...
While today it is currently $93,76, having been decreasing slowly ever since...
I dont really understand why such a thing happens...and Iam a bit concern if i might be doing something wrong...will my payout reach 0 at some point if it continues with this negative trend?
Heeeelp please!!!
If someone comes along and votes other posts, the value of the vote they originally contributed to your post may become slightly diluted. Also Steem market value can cause small fluctuations. The value of my posts have also recently declined 1%-2%. https://steem.io/getinvolved/posting-rewards/
Don't worry about the face value in USD too much. This is the beginning and it will get better.
This too, the USD value shows so if Steem decreases in USD value during the week period (and it has fallen some) your corresponding payout will reflect that.
Thanks @vutran7 is it normal then? What you mean by the beginning? Cheers mate
It's a normal occurrence. The reward pool is calculated on a weekly basis. Votes do not deliver set amounts of rewards, rather they vote on where to distribute the rewards.
Imagine Steem was started fresh and there was a $100,000 reward pool for the week. The very first person to vote on an article would see that article receive $100,000 from their vote as it was the only one cast! If they then vote on a second article the split will become $50,000/$50,000. Then other people keep voting and these payouts all decrease until they reach the final distribution at the end of the week.
You're just seeing a normal occurrence where the majority of votes come in right after an article is posted. If there is a lot of activity elsewhere toward the end of the payout cycle (as there is now with all the excitement following the recent changes) your payout may decrease as other articles are voted up.
Thanks a lot for you precise explanation @bryan-imhoff! Very useful! Is a bit complicated, but i think i got it! :) so i should not be surprised if the payout reaches $60 right? Can you also explain me please how do votes rewards work? Can you actually make money just by upvoting other people's posts? I still dont get it well...
You're welcome! It is a bit complicated, but there is logic to the seeming madness! I'd hope your post won't hit $60, but yes it could trend further downward. And if the value of Steem changes in the next couple days the USD$ amount will change to reflect it, but that doesn't mean the amount of Steem you're receiving is changing. I hope that makes sense.
About 20% of the rewards a post receives should go to curators, those are the curation or vote rewards you're mentioning. If you look at one of your past posts, like the organic ketchup one, you can see it shows rewards of $1.78 but when you click on the rewards you'll see you got $1.68 and curators got .09 cents. Now that's not 20% of the rewards and there is a reason for that!
Curation rewards are based on finding and upvoting good content early on. If you vote up an article that's already on the trending page, you won't see much reward. If you vote up an article when it's only got a couple dollars reward and later it gets discovered and skyrockets to a couple thousand dollars, you'll see a bigger reward. The reason the curation reward payouts often don't make up 20% is that the system was built to try and discourage bots voting on articles immediately after publishing that are trying to "game the system." As such people only receive full curation rewards if they vote 30 minutes or later after the article was published. At the 15 minute mark the curation rewards split 50/50 with the post author. If someone votes on your post a minute after you published it you'd get almost all of their curation rewards in your post rewards instead. In the above example you got $1.68 because people voted on your article prior to the 30 minute mark and you gained some of their curation rewards. With popular authors who get a lot of votes, people vote sooner and give up some curation rewards to try to get in sooner, which gains curation rewards. There's strategy there but I advocate not playing games with it. Just vote for what you like when you find it and naturally earn some extra Steem. Of course curation rewards also factor in your Steem Power.
With a small amount of Steem Power you'll see minimal curation rewards but they will come, and they'll be paid directly into your Steem Power. Also Steem Power earns interest like a bank account at a rate of about 1.5% per year. I think of my curation rewards like compound interest in a bank account. As I keep getting a bit of curation rewards and keep them in my Steem Power balance, my vote gets more powerful, meaning I get more curation rewards, and the cycle just keeps repeating.
Do you recommend regularly clicking the button that says something like "redeem your rewards- transfer etc.....?
Or just let it accumulate?
I would click it on a regular basis, there's no benefit to letting it accumulate unclaimed. The sooner it is in your balance, the sooner it will be earning interest for you and increasing your voting power and curation rewards.It may be a minuscule amount, but in the long run this kind of compound interest can add up to a lot, as with any kind of monetary savings.
The rewards were formerly paid directly into your balance, but it was changed to help free up some resources on the backend. So you can do Steemit a favor and not click it too often, but I probably claim my pending balance a couple times a day.
Exactly what i wanted to know. Thanks!