If steem drops to low values that is a good time to buy more if you believe in steem. You also tend to be rewarded bigger chunks of it from your posts.
Really? I thought the rewards awarded in terms of STEEM tokens would be invariant under market fluctuations. Suppose you get 30$ for a post when Steem is 2$ , that is 15 Steem power, but let's say the price of Steem has decreased to 1.5$ (average) at the time of payout , you will not be awarded 20 Steem power instead of the 15. Instead, the payout shown underneath the post will reduce to 22.5$ .
At least this is what i think happens, correct me if I'm wrong
It is based upon how much of the STEEM is in the reward pool as applied towards a rolling 30 day average of the value of steem.
T = total reward
A = Amount of steem (vests) voted towards this post
P = Total pool of votes (vests) total of ALL votes at this time
V = Value of steem as a 30 day average.
I believe this would be the equation...
T=(A/P)xV
So A and/or P changing can change T, but V does as well.
Yea, V can obviously change T. but I'm talking about whether A can change with change in V, change that is caused DIRECTLY.
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Value of Steem would have a bearing on your earnings in $$s but not on the amount of Steem token you earn. Correct?
No A is fixed based upon your steem power.
A could actually be this on the 4n curve.
X is your steem power
P is the percentage of your vote power you chose to allocate
V is the actual percentage of your voting power you have remaining based upon how much you've been voting.
A=4x(XxPxV)
Yet it appears that instantly allocates those vests. So once you cast the vote you've SPENT that. It is out there and won't change.
The total of all votes though can change which will decrease how much power A actually has.
Yeah technically the AMOUNT of STEEM should be the same. You're getting a chunk of the pool. All that will change is how much that STEEM is actually worth.
Yep, that's what i was getting at. Thanks for clearing it up
In practice, many more people will be active and the reward pool will get depleted faster if Steem price is doing well in the markets and the opposite when Steem is low.
Hence easier to earn "bigger" chunk of Steem when it's low
So what you said will most likely be true, but not a rule
Yep, I also think I had some luck. I had some big people like @dantheman who occasionally voted on my stuff. I haven't had that for awhile and that could actually be why I had steem power growing so fast.
I'm pretty sure the type of people voting for me was a big factor.
Back then I was commonly posting things that were about 10% of whatever the top trending posts were. So if I had continued that then I should have been mostly writing $100 - $300 posts for the past couple of months. I've had a couple do that but my average % versus trending is actually quite a bit lower. This could actually explain WHY my steem power was increasing faster. Oh and I am not complaining... I'm content and satisfied... just sharing my observations.
For example, it was not any easier to earn (NOT buy) Steem tokens when it was 10 cents as it is now, given that people were as active and spending the reward pool as they are now. Which is unlikely to be the case, but supposing this is the case, theoretically you're really earning Steem with the same rate now as you were when it was 10 cents
This could be true and I just had more powerful people voting on me because I was making steem power way faster when the price was low.
This is because steem value is a 30 day average. That's why when they switched to the 30 day average and did not pre-calculater the pool that the payouts and prices really sucked for about a month. So a sudden change in price of steem will not have an instaneous dramatic impact on the payouts... it will pull that 30 day average down. If the down tick lasts for a bit then the average will trend down as well.