Viewing a response to: @retiredinsamar/re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180510t200337058z
I think you are confused. Let's say a post has a payout value of 10$ after 7 days. Your author reward is about 75% of that so 7.50$. Now let's see how much value you will get out of this post with both payout options. **100% Steem Power** That's pretty straight-forward, it's the value you should get so 7.50$ (~2.27 STEEM) **50% SBD / 50% Steem Power** SBD is distributed as if it was worth 1$ (it's hard-coded in the way the Steem blockchain works), knowing that you can make this simple calculation. (7.50$/2 * SBD price) + (7.50$/2) = (3.75$ * 2.67$) + 3.75$ = 13.76$ (~4.17 Steem)
| post_id | 47,948,712 |
|---|---|
| author | ragepeanut |
| permlink | re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180510t202935746z |
| category | steemit |
| json_metadata | "{"app": "busy/2.4.0", "community": "busy", "tags": ["steemit"]}" |
| created | 2018-05-10 20:29:33 |
| last_update | 2018-05-10 20:29:33 |
| depth | 3 |
| children | 10 |
| net_rshares | 9,784,605,388 |
| last_payout | 2018-05-17 20:29:33 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.034 SBD |
| curator_payout_value | 0.008 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 587 |
| author_reputation | 15,252,229,565,390 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| retiredinsamar | 0 | 9,784,605,388 | 25% |
Except for one thing... you are confusing STU's with dollars! Go [HERE](http://steem.supply/rewards) to learn about STU's vs. $$. Consider the difference: with the 50/50 option, you get SBD directly as half of your rewards, but you get your Steem Power at the current market price of STEEM, not in absolute numbers. Given all that, I'm not sure why you are adding +3.75$ back in the second function of the equation - = (3.75$ * 2.67$) **+ 3.75$** which is the amount expressed as SP (at current price of SP in USD), and should not factor in to the value of SBD's.
| post_id | 47,949,696 |
|---|---|
| author | retiredinsamar |
| permlink | re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180510t203838476z |
| category | steemit |
| json_metadata | "{"links": ["http://steem.supply/rewards"], "app": "steemit/0.1", "tags": ["steemit"]}" |
| created | 2018-05-10 20:38:42 |
| last_update | 2018-05-11 08:00:09 |
| depth | 4 |
| children | 9 |
| net_rshares | 9,784,605,388 |
| last_payout | 2018-05-17 20:38:42 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.035 SBD |
| curator_payout_value | 0.008 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 563 |
| author_reputation | 3,027,687,941,144 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 0 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| retiredinsamar | 0 | 9,784,605,388 | 25% |
STU's don't really exist, it's even said on the link you sent me. The value you see on a post is in hardcoded SBD's (the ones that are worth 1$ and that your link calls STU's). That's why I used dollar signs, to help you understand. Besides, your link validates what I said, it has the same calculations as the ones I did. Just put 10 STU's in the "total potential rewards" field and you will see that for yourself. If you don't want to believe me, fine I won't insist. I just wanted to help you understand how both options work so that you don't unknowingly lose money. I've been coding Steem-related apps for months now, I know for a fact that it's expressed in hardcoded SBD's on the blockchain. Just look at the "pending_payout_value" field [here](https://steemd.com/steemit/@retiredinsamar/what-happened-to-the-power-up-and-the-upvote-options-on-new-posts), it's expressed in hardcoded SBD's not in some made up STU's.
| post_id | 47,952,790 |
|---|---|
| author | ragepeanut |
| permlink | re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180510t210812547z |
| category | steemit |
| json_metadata | "{"app": "busy/2.4.0", "community": "busy", "tags": ["steemit"]}" |
| created | 2018-05-10 21:08:15 |
| last_update | 2018-05-10 21:08:15 |
| depth | 5 |
| children | 0 |
| net_rshares | 8,786,176,267 |
| last_payout | 2018-05-17 21:08:15 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.031 SBD |
| curator_payout_value | 0.008 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 924 |
| author_reputation | 15,252,229,565,390 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| retiredinsamar | 0 | 8,786,176,267 | 22% |
In both cases Steem Power is given at the current market price of STEEM. However, while SBD is given as if it was worth 1$, STEEM is given based on the current market price (well actually the median of its 3-days market price).
| post_id | 47,953,836 |
|---|---|
| author | ragepeanut |
| permlink | re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180510t211801166z |
| category | steemit |
| json_metadata | "{"app": "busy/2.4.0", "community": "busy", "tags": ["steemit"]}" |
| created | 2018-05-10 21:18:06 |
| last_update | 2018-05-10 21:18:06 |
| depth | 5 |
| children | 2 |
| net_rshares | 0 |
| last_payout | 2018-05-17 21:18:06 |
| 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 | 227 |
| author_reputation | 15,252,229,565,390 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Nowhere does it say that STU's don't exist, only that the values are not expressed in dollars. The valuation of SBD seems to be the problem in the equation and not the math. A SBD is NOT worth $1 on the open market. Assuming it was, this conversation would be a moot one. Go to any exchange and see how much SBD you can buy with $1 vs. how much STEEM you can get for that same dollar. If I were to go to market today with my 17.525 SBD's, I would only come away with 14.30 STEEM units. A few weeks ago I was getting 1.35 STEEM for every SBD traded.
| post_id | 47,996,512 |
|---|---|
| author | retiredinsamar |
| permlink | re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180511t041419558z |
| category | steemit |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
| created | 2018-05-11 04:14:21 |
| last_update | 2018-05-11 04:15:27 |
| depth | 6 |
| children | 1 |
| net_rshares | 8,786,176,267 |
| last_payout | 2018-05-18 04:14:21 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.031 SBD |
| curator_payout_value | 0.008 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 549 |
| author_reputation | 3,027,687,941,144 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 0 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| retiredinsamar | 0 | 8,786,176,267 | 22% |
Have you edited your comment since ? Didn't see the part where you mentioned the +3.75$ before. The left part of the equation is the SBD split of the reward, the right part (the + 3.75$) is the SP split of the reward. The equation was simply (50% SBD) + (50% SP) but read my last comment, it contains everything you need to understand. Cheers !
| post_id | 48,407,848 |
|---|---|
| author | ragepeanut |
| permlink | re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180513t230417614z |
| category | steemit |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
| created | 2018-05-13 23:04:18 |
| last_update | 2018-05-13 23:04:18 |
| depth | 5 |
| children | 4 |
| net_rshares | 0 |
| last_payout | 2018-05-20 23:04:18 |
| 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 | 344 |
| author_reputation | 15,252,229,565,390 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
Yes, it was edited for further clarification on my confusion of your formula. But, now that I am even more confused, I want to thank you for taking the time and for such a lengthy explanation. I guess where I am lost is on the conversion of SBD to STEEM. I have my toggle set to 50/50 and have for some time, but it seems I would be gaining more to 100% power up my rewards rather than receiving only .83 percent of the value of STEEM when converting (since the current purchasing power of SBD is so weak... in relation to the price of STEEM). I guess what I'm trying to say is that it seems like it would be better to receive 100% of the current value of STEEM rather than wait and convert later and get less. On the surface, it just seems like a loosing proposition. Maybe I just need to increase my prescription! 😜
| post_id | 48,445,490 |
|---|---|
| author | retiredinsamar |
| permlink | re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180514t052909252z |
| category | steemit |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
| created | 2018-05-14 05:29:09 |
| last_update | 2018-05-14 05:52:06 |
| depth | 6 |
| children | 0 |
| net_rshares | 29,620,582,204 |
| last_payout | 2018-05-21 05:29:09 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.145 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 818 |
| author_reputation | 3,027,687,941,144 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 0 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| retiredinsamar | 0 | 29,620,582,204 | 75% |
Okay, I just worked up several scenarios (50/50) and it does appear that at current SBD/STEEM ratios, the USD value received (after conversion) is still the same, except that the SP received would be the bonus. So that leads me to another question: Would it **ever** be a good time to use the 100% power up option?
| post_id | 48,447,563 |
|---|---|
| author | retiredinsamar |
| permlink | re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-re-ragepeanut-re-retiredinsamar-what-happened-to-the-power-up-and-the-upvote-options-on-new-posts-20180514t054923930z |
| category | steemit |
| json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
| created | 2018-05-14 05:49:24 |
| last_update | 2018-05-14 05:49:24 |
| depth | 6 |
| children | 2 |
| net_rshares | 17,178,380,129 |
| last_payout | 2018-05-21 05:49:24 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.063 SBD |
| curator_payout_value | 0.021 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 314 |
| author_reputation | 3,027,687,941,144 |
| root_title | "What Happened to the Power Up and the Upvote Options on New Posts?" |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| ragepeanut | 0 | 17,178,380,129 | 50% |