what was your formula for doing calculations? For example, if payout showing on steemit is 5.29, how does the app end up with 1.96 SBD payout? thanks
You are viewing a single comment's thread from:
what was your formula for doing calculations? For example, if payout showing on steemit is 5.29, how does the app end up with 1.96 SBD payout? thanks
Well the amount is not 100% accurate. The ammount may vary on many factors, and you'll know for sure only when you receive the reward.
SteemIt values SBD at $1 and Steem at a 3 day average of the feed prices. Therefore, if SBD price is $5-10+ then the actual payout in USD will be far higher than what SteemIt shows.
A post pays out 75% rewards to author, 25% to curators. Of that 75%, posts often pay out 50% SBD and 50% SP.
With some number, lets say a post has a value of $100 on SteemIt.
The author will receive $75 and the curators $25.
Of that $75, half will be SBD and half will be STEEM. Currently SBD is $9.85 and STEEM price is $6.30 (but since the price very recently bumped, the average on Steem is closer to $3-4)
$75 / 2
$37.50 in SBD ~$369.38
$37.50 in STEEM ~10.7 STEEM ~$67.41
Post total value with current market rates, $436.79
This, for a "$100" post on SteemIt. Numbers may vary when calculations are done at different times.
I didn't know about the 3 day average rule. thank you :-)