Interesting take on the long-run looking aspect of using this site. Where's your math? I'm curious how you get your final amount of 100,000 Steem Power earned over 1462 Days.
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Interesting take on the long-run looking aspect of using this site. Where's your math? I'm curious how you get your final amount of 100,000 Steem Power earned over 1462 Days.
Please, take a closer look once again on Day 9 and Day 10 - I explained there the formula how all these are calculated.
If you put the formula and numbers in any spreadsheet, all the way through to the 1462nd day - that's what you will get (few SP plus-minus). 😉😊
So you're saying our Steem Power gains 0.6% interest every 3 days, or just on the first 3rd day?
She is saying there is an interest of 0.6% EVERY DAY. The calculations starts on day three because you need to hold your money for a day to get the interest. On day one you earn it, on day two you hold it and on day three you get your interest for day one.
NO - what I'm saying, and if they don't change it in the meantime, our daily interest is 0.6%.
In my above presentation, if you started with zero - any percentage of interest the next day would be zero.
If your 1st day earning is only 0.100 SP, 0.6% of that amount is 0.0006 SP.
As SP is shown only with 3 decimal places the interest of 0.0006 wouldn't be shown on the 2nd day. But if you earned additional 0.100 SP on Day 2 that makes a total of 0.200 SP you would be holding.
Therefore, on a 3rd day, your daily interest would be 0.0012 SP calculated on your 0.200 SP total, meaning your new total would be 0.201 + whatever you have earned (by voting, commenting and curating) in the previous (due) day.
Upon that newest total will be calculated the interest for your 4th day, and so on...