I am challenging myself tomorrow to dive into the blockchain database to find out how many rewards in practice are given out each day... And if this has changed after today's fork. ## More details to follow... Hopefully!
post_id | 4,504,243 |
---|---|
author | digimad |
permlink | how-much-in-steem-rewards-is-created-each-day-from-upvotes |
category | steem-help |
json_metadata | "{"app": "steemit/0.1", "format": "markdown", "tags": ["steem-help", "steemit", "rewards", "steemdata"]}" |
created | 2017-06-21 02:05:39 |
last_update | 2017-06-21 02:05:39 |
depth | 0 |
children | 5 |
net_rshares | 164,502,114,698 |
last_payout | 2017-06-28 02:05:39 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 1.944 SBD |
curator_payout_value | 0.507 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 221 |
author_reputation | 553,774,984,150 |
root_title | "How much in Steem Rewards is created each day from Upvotes?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
venuspcs | 0 | 13,156,282,270 | 9.56% | ||
rouketas | 0 | 346,245,517 | 9.56% | ||
bryan-imhoff | 0 | 39,221,446,013 | 20% | ||
heretickitten | 0 | 1,407,692,415 | 1.91% | ||
ethical-ai | 0 | 372,383,158 | 9.56% | ||
jhermanbeans | 0 | 313,321,675 | 0.95% | ||
worldtraveler | 0 | 409,384,758 | 1.91% | ||
clayboyn | 0 | 2,348,366,832 | 9.56% | ||
dianargenti | 0 | 239,736,667 | 0.95% | ||
insteadofmoney | 0 | 344,203,798 | 100% | ||
hopehuggs | 0 | 386,798,906 | 0.95% | ||
swolesome | 0 | 937,185,981 | 5.73% | ||
fisteganos | 0 | 502,558,963 | 0.95% | ||
stefan.steynberg | 0 | 152,448,831 | 2.86% | ||
maninayton | 0 | 780,937,356 | 1.91% | ||
lances | 0 | 818,527,626 | 0.95% | ||
banjo | 0 | 467,904,433 | 9.56% | ||
varunsangwan | 0 | 156,891,562 | 4.78% | ||
oluwoleolaide | 0 | 100,438,741 | 9.56% | ||
gbenga | 0 | 65,108,595 | 0.95% | ||
goingmobile | 0 | 673,384,361 | 4.78% | ||
looftee | 0 | 543,070,641 | 0.95% | ||
sidwrites | 0 | 135,012,244 | 0.95% | ||
jwmackay | 0 | 279,861,599 | 1.91% | ||
sheeshkababage | 0 | 536,753,222 | 9.56% | ||
albertvhons | 0 | 80,727,944 | 0.95% | ||
abcdoctor | 0 | 58,989,628 | 9.56% | ||
whatamidoing | 0 | 274,358,146 | 2.86% | ||
jeanelleybee | 0 | 202,373,884 | 9.56% | ||
nybble | 0 | 416,545,927 | 8.6% | ||
beng05 | 0 | 54,633,197 | 9.56% | ||
readmore | 0 | 179,577,326 | 9.56% | ||
qwasert | 0 | 155,616,730 | 1.91% | ||
strem | 0 | 256,258,987 | 9.56% | ||
digimad | 0 | 2,671,874,610 | 100% | ||
minnowsupport | 0 | 92,845,932,978 | 9.56% | ||
inflacion | 0 | 1,131,690,752 | 100% | ||
elliotjgardner | 0 | 560,639,157 | 9.56% | ||
analytics | 0 | 916,949,268 | 100% |
I believe it is 54% of all steem transactions ! =]
post_id | 4,505,773 |
---|---|
author | insteadofmoney |
permlink | re-digimad-how-much-in-steem-rewards-is-created-each-day-from-upvotes-20170621t022452269z |
category | steem-help |
json_metadata | "{"app": "steemit/0.1", "tags": ["steem-help"]}" |
created | 2017-06-21 02:24:45 |
last_update | 2017-06-21 02:24:45 |
depth | 1 |
children | 0 |
net_rshares | 0 |
last_payout | 2017-06-28 02:24:45 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 50 |
author_reputation | 291,369,738,669 |
root_title | "How much in Steem Rewards is created each day from Upvotes?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Steem has an inflation rate of 9.5% per year currently. (This is set to decrease approximately .5% per year until reaching and staying at .5% yearly inflation) There are approximately 235 million Steem at present. Doing a bit of quick math leads to about 430,000 Steem in each weeks reward pool or 61,000 Steem per day. At $2 per Steem we should see total rewards of about $120,000 per day. As price of Steem fluctuates the dollar value changes on rewards, but the underlying Steem rewards remains constant. The system pays out a variable ratio of Steem to Steem dollars depending on the current valuation of the Steem dollar. At times when the Steem dollar has been below $1 USD the blockchain has completely stopped producing them until they reached parity with the dollar again. Currently SBD are worth more than a dollar so they are produced at a high rate.
post_id | 4,507,864 |
---|---|
author | bryan-imhoff |
permlink | re-digimad-how-much-in-steem-rewards-is-created-each-day-from-upvotes-20170621t025054206z |
category | steem-help |
json_metadata | "{"app": "steemit/0.1", "tags": ["steem-help"]}" |
created | 2017-06-21 02:50:54 |
last_update | 2017-06-21 02:50:54 |
depth | 1 |
children | 3 |
net_rshares | 3,478,012,368 |
last_payout | 2017-06-28 02:50:54 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.040 SBD |
curator_payout_value | 0.009 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 862 |
author_reputation | 40,220,220,244,131 |
root_title | "How much in Steem Rewards is created each day from Upvotes?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
digimad | 0 | 2,584,272,163 | 100% | ||
veleje | 0 | 893,740,205 | 100% |
Actually, I'd forgotten that rewards are only 75% of the inflation, 15% is paid out as interest on holding Steem Power, and 10% goes to the Witnesses running nodes and producing blocks to keep the chain running. This system was very different from the original economics of Steem and was adopted in an earlier hardfork. Here's a link to the notes on that fork from last December. [Link](https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes) Today's fork should not have fundamentally changed these amounts. What it did was change how influence was calculated. In the past, the power of your vote was equivalent to your Steem Power squared. So if you had 1 SP and someone else had 1,000, their vote would not be 1,000 times more powerful, it would be 1,000,000 times more powerful! This is what had the early miners and adopters (whales) wielding a very outsize effect on the platform. Now influence is calculated linearly. Think of it as 1 SP = 1 vote. So having 1,000x more SP means 1,000 times more voting power, not 1 million! Everyone but whales is seeing their voting influence increased because the whales voting influence is decreasing by a corresponding amount. Thus the nickname "Equality" for this hardfork.
post_id | 4,509,074 |
---|---|
author | bryan-imhoff |
permlink | re-bryan-imhoff-re-digimad-how-much-in-steem-rewards-is-created-each-day-from-upvotes-20170621t030551956z |
category | steem-help |
json_metadata | "{"app": "steemit/0.1", "links": ["https://steemit.com/steem/@steemitblog/final-review-of-steem-economic-changes"], "tags": ["steem-help"]}" |
created | 2017-06-21 03:05:33 |
last_update | 2017-06-21 03:10:27 |
depth | 2 |
children | 2 |
net_rshares | 2,628,073,386 |
last_payout | 2017-06-28 03:05:33 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.028 SBD |
curator_payout_value | 0.009 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 1,243 |
author_reputation | 40,220,220,244,131 |
root_title | "How much in Steem Rewards is created each day from Upvotes?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
digimad | 0 | 2,628,073,386 | 100% |
Thanks for the detailed responses, I've just had the chance to read them in full this morning! There's about 25 accounts which have around 1,000,000 in Steem Power. Now I am getting around $0.10 per upvote with 100 Steem Power and before was probably getting around $0.01. So by my rough maths, now these 25 accounts have 10,000 x my $0.10 = $1,000 per upvote. If all 25 of these accounts upvoted 5 times in a day, wouldn't that use up all the steem? Or would the upvote reward be reduced accordingly? I think my estimate of $0.01 per upvote before the fork must be wrong, since by that they would have (10,000 ^ 2) x $0.01 = $1,000,000 per upvote?
post_id | 4,557,630 |
---|---|
author | digimad |
permlink | re-bryan-imhoff-re-bryan-imhoff-re-digimad-how-much-in-steem-rewards-is-created-each-day-from-upvotes-20170621t135828737z |
category | steem-help |
json_metadata | "{"app": "steemit/0.1", "tags": ["steem-help"]}" |
created | 2017-06-21 13:58:27 |
last_update | 2017-06-21 13:58:27 |
depth | 3 |
children | 1 |
net_rshares | 21,578,623,416 |
last_payout | 2017-06-28 13:58:27 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.268 SBD |
curator_payout_value | 0.030 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 652 |
author_reputation | 553,774,984,150 |
root_title | "How much in Steem Rewards is created each day from Upvotes?" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
bryan-imhoff | 0 | 18,862,947,583 | 10% | ||
digimad | 0 | 2,715,675,833 | 100% |