How does Voting Power affect value of SteemPower in HF20? by knircky

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· @knircky · (edited)
$10.52
How does Voting Power affect value of SteemPower in HF20?
![](https://cdn.shopify.com/s/files/1/2015/4473/files/superarms_bicepsd_large.jpg)

So I have been thinking about voting power lately and actually have a question about it.

My understanding of voting power is that it regenerates at 2% per 2.4h or in a way that we can make 10 full votes each day.

Our vote value is higher when our voting voting power is higher:

Example: a user that has 17000 SP currently can make a vote for $1 with full voting power. At 50% voting power this reduces to $0.5.

If this user would spend 50% of their voting power and then vote 1 full vote for the rest of their days every 2.4h, then they would get to distribute $5 of rewards every day.

If however they would wait until the voting power had generated to 100% and then voted every two hours the amount of rewards they distribute would be maximized and be $10 per day.

Is that correct?

Does this mean that if we vote at lower %ages than 100 of voting power we are wasting value?

Have these dynamics changed with the new RC and mana system at all?
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vote details (75)
@steem-bounty ·
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vote details (14)
@steem-bounty ·
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@healthexpert ·
very sad to tells you that after Hardfork 20 many peoples leave steemit because of flustration of price and upvote value price of steem is going down day by day and also the new problem is when you have same steem price and same steem power still your upvote value goes up and down so it is impossible for newbie to understand steem HF 20 easily, before HF20 there is lot of profit and easy to earn but not now.
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@knircky · (edited)
$0.23
I think the answer is no, because at 50% voting power one vote only reduces voting power by 1% vs at 100% voting power a full vote reduces voting power by 2%. Thus we could make twice as many full votes with a steady 50% voting, but they would only be worth 1/2 as much. Thus the amount of rewards we distribute stays constant.
👍  , ,
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vote details (3)
@bubke ·
Wow, that's for sure interesting what you say here.  I don't think it's 100% right but it is true that voting power reduces less when less strong.  Eagerly awaiting the better comment on this one.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@knircky ·
I am pretty sure this is correct
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@mightypanda ·
You are mixing voting power and voting strength. If u vote at 100% vp and 100% vs then u give 1$ vote. At 50% vp and 100% vs, you give .5$ and still lose 2% vp. At 100% vp and 50% vs, u give .5$ vote and lose 1% vp
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@knircky · (edited)
No this is not true. A 100% vote with 50% voting power reduces your vp by 1%
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@themanwithnoname ·
You lose 2% of your *current* VP, not 2% of your max, so if you vote was cast at exactly 50% of total VP and you did it at 100% weight, you would lose 2% of your current (1% of your max) and would then have 49% VP.
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@themanwithnoname ·
You're correct that VP is still reduced at the same rate as in HF19. When you cast a 100% weighted vote, it reduces your VP by 2% of your *current* VP. Therefore, your vote of 100% weight at 50% VP would be worth $0.50 and would only take 1% (of 100) of your VP. So you would be at 49% VP after the vote. 

In other words, if you start from 50%VP and cast 100% weight votes, you can give twice as many votes that are worth half as much as if you had started casting them at 100% VP. 

Does that make sense?
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@knircky ·
Yes, thats what i gigured out after posting the bounty
👍  
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@roselover ·
Will the voice ratio rise above this?
👍  
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@themanwithnoname ·
What's a voice ratio?
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@prince121 ·
HF20 gives very bad update in steemit. It's gives very low RCs for low SP user. For this reason steemit try to fix this problem and  a new update will come us in next weak.. They want to release steem (0.20.6) in next weak. Here the source of this update : 

https://steemit.com/steemdev/@holger80/measuring-rc-costs-for-0-20-6
👍  
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@intellihandling ·
Dear @prince121, yes after a lot of fighting and complaint posts, they realize that this HF20 was not so perfect as many super users write me to stop to whihing, this is normal people win!
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@chekohler ·
From my understanding, your vote retains its value for the first 10% of Manna. So if you have the 17 000 you could vote at $1, 5 times a day but with each vote, it does reduce the value slightly at the 3rd decimal point but not much to notice. 

Once you hit your second 10% Manna bracket begins to reduce much faster

In theory, waiting the 2 or so hours would be better because you're giving that maximum vote but its too small to really notice.

Voting at lower % allows you to sort of max vote more often since the time it takes to restore manna is shorter, so you could in theory vote more times at 10% or 1% and just keep waiting for that max manna to hit before you vote.

At least thats how I see it
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@softwaricho ·
Some easy explanaition about this is indeed needed.
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@shihabieee ·
Great post sir
Love to shared on twitter
![](https://cdn.steemitimages.com/DQmWKntFi4GudbR5SaUX6WrqnRCMvXLdBZimTri6aq9j41F/image.png)
👍  
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@daily.readings · (edited)
At 1700 SP you only get 0.06 cents. Not 1 coin.
Starting with false assumptions only takes you to wrong conclusions 
For power vote simulations I use https://Steemworld.org but there are others
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@xsrian-cooking ·
A few witnesses said voting power deminishes and replentishes exactly the same as before the hardfork. I believe the reward pool is shrinking by the hour, and it has been for well over a week.
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@knircky ·
Yep meant to say 17k, corrected
👍  
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@exxodus ·
Great discussion. I have never thought about this before. It makes sense. Does vote power regenerate fast enough to do that? To me, I always make sure that my vote power is 80% or more. Never tried to completely drain it, but doesn't seem like it would be beneficial below 80% -- plus regenerates quicker.
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@elleok · (edited)
That is not quite true. The thing is a 100% reduces your **current** voting power by 2% so to keep it at your example with the 17000 SP and a voting power of 50% that would mean if you cast 1 vote at 100% your voting power after that vote is 49% (50%-(50%*2%). So basically a full vote at 50% voting power "costs" only 1% which added up will once more be the $10 per day. So as you can see you are able to distribute the same amount each day only the max value and the number of votes changes.


Edit: Should have read the comments first as I see now you guys already figured it out ... ;)
👍  
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@knircky ·
Yep that is correct
👍  
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@elleok ·
Ah yeah and to your second question: 

> Have these dynamics changed with the new RC and mana system at all?

No, still all the same only new name (although I really do not understand the reason why they changed voting power to mana, since voting power gives a better understanding of what it actually is)
👍  
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@ropaga ·
There's no voting power waste because the amount of deducted voting power is 2% of the remaining voting power, so at 50% power an upvote value and power consumptiom are 50% 

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@diogosantos ·
I don't think that HF20 has changed anything in this subject.

I guess you already know the answer (saw your comment), and it made me think how well the platform works, even with so many errors and problems being raised every day.

Finally, I would love to have 17000 SP!!! :DD
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@marzukie · (edited)
If the calculation on your blog is correct. and this is very influential on the performance of the steemians in voting power. So, what benefits do we get after the HF20 update? ? @knircky

 I am sorry...
👍  
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@knircky ·
Sorry i sont understand the question?
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@romeliagarcia ·
After your conclusion, what do you think of HF20? In favor or oppossing?
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@masterroshi ·
$0.90
I think that the rate would be pretty constant but i'm not particularly saavy in the math of how steemit works...
👍  
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