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RE: Is Leasing SteemPower From Minnowbooster Worth It?

in #steemit7 years ago (edited)

The calculation for how much vp a vote costs is

2% * vp * vs so 0.02 * 0.50 * 1.00 = 0.01

So voting 100% at 50% vp is the same as voting 50% at 100% vp. So effectively you have up to 11 100% votes per day as 0.98 ^ 11 ~= 0.80

Hope that helps. If you have any questions or stuff is unclear, ask me 😊

Edit: so the less vp it costs the less payout it gives. These two are related 1:1 so you always have 10 100% votes worth of money to give out. If you vote more than 10 people it just gets spread a bit more.

There are technical details with rshares and claimed shares and steem price but they are irrelevant for that calculation.

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Ah ok I understand. Thank you for the explanation! But just to be sure. The amount of VP that get's reduced is constant 2% or does it get reduced? And if yes - is there a formula too?

That is the formula I posted. 2% is only at 100% vp and vs. Otherwise they are multiplicative factors to it. So almost no vote costs the full 2%.

Okay - I understand. Thanks so much!

I've rewritten a lot of the intro text before the calculation. Are there any more bugs? I knew that I would have to edit a bit but it always amazes me how much of a tunnelvision one has when creating a post.

That is looking good. I like the fighting game analogy, it works really well.

I'd add to your xSP = y$ that steem price and rewards pool change this number all the time. So people should not rely on the accuracy of it. Steem price changed from 1.3 to 1.6 today and that made all votes be worth more automatically. If it drops same thing in reverse happens.

And the more people vote, the less each vote is worth. So if ned decides to vote, you could notice your voting power to drop. If trafalgar stops voting, you may notice your vote to be worth more.

I'm reading this because I just leased 375 sp for 4 weeks. I'm trying to figure out the best way to use it. I do not yet have a slider. I think I am best to continue to stay over 80% and vote the best I can.

But I am replying to ask you about trafalgar. I just ran into that account and it appears to upvote constantly 24/7/365. Can you shed any light on what this account is about? Very lucrative whatever it is!

If you do not have the slider, voting more than 10 times will work too, it just makes each individual vote a bit less powerful.

Trafalgar seems to upvote everything in hot. Could be he just uses a bot for that but not sure.

OK - that would make sense then about trafalgar. I just looked at a list somewhere of votes and gave up trying to figure out how it could be done :)

I want to maximize the sp I get, so I think I should stay at high power and go for posts with promise in my voting.

Alright - done that. Very much appreciated your feedback! Danke dir!