If I remember correctly it was HF21. The reverse auction was lowered from 30 minutes to 15 minutes and the rewards returned to the pool rather than going towards the author. (Now the reverse auction is 5 minutes).
It doesn't get burned, it gets returned to the pool (to payout to rewarded content) similar to declined rewards, subtle but significant difference.
The other day I was looking at a post that was $36, with 50/50 rewards that is $18 for the author and $18 for the curators. The final numbers were more like $18 to author and $13 to curators due to the reverse auction.
I forget the exact numbers, but the first few (I believe five) curators have an advantage of earning more rshares than their stake allows, but they also give up the largest portion to the reverse auction. I never actually checked this or looked at the code related to it, but it is what I always heard in the past.
So, if I have a .01 immediate vote, what does that do to subsequent votes?
If that first votes sends nearly everything back, how much of the large vote is lost to that?
To you as an author, it makes no difference. To the curator who votes they will lose nearly all their curation rewards for voting immediately.
If I vote on a post at 0 min + 1 block I will forfeit nearly 100% of my curation rewards but the author would get the full author share. If I vote that same post at 5 mins I would not forfeit any of my rewards but I will get less curation as many people voted before me and I can’t earn curation on any vote unless it is after mine.
There is a compromise that needs to be made. How much? Varies every post.
If I remember correctly it was HF21. The reverse auction was lowered from 30 minutes to 15 minutes and the rewards returned to the pool rather than going towards the author. (Now the reverse auction is 5 minutes).
It doesn't get burned, it gets returned to the pool (to payout to rewarded content) similar to declined rewards, subtle but significant difference.
Ok, that is what I had recorded in the ol' memory bank.
Reverse auction rewards go the biggest receivers of rewards and are not burned.
That had me confused.
Yes, here is a good example.
The other day I was looking at a post that was $36, with 50/50 rewards that is $18 for the author and $18 for the curators. The final numbers were more like $18 to author and $13 to curators due to the reverse auction.
Can you point me to where I track who takes the most out of the pool?
@statsmonkey used to show the top 10 votes taking ~25% of the daily rewards, is somebody tracking those numbers?
The reason I ask is about how the reward from the reverse auction, and flags, goes mostly to the top earners.
Is there somewhere I can see what percentage of the pool is going to whom, and in what proportion?
Or do I just need to learn/purchase code scripts to pull it myself?
@dalz does a lot of reports that show this information, I highly recommend following him if you have any interest.
I can generally pull any information as needed but he does publish a lot of this information regularlly.
Yes, I have him on one of my autovoters.
Can I get that data without an sql subscription?
Thanks, I found that post of dalz's, it was pretty complete.
I'm also wondering how much that first curator returns to the fortunate few.
I forget the exact numbers, but the first few (I believe five) curators have an advantage of earning more rshares than their stake allows, but they also give up the largest portion to the reverse auction. I never actually checked this or looked at the code related to it, but it is what I always heard in the past.
So, if I have a .01 immediate vote, what does that do to subsequent votes?
If that first votes sends nearly everything back, how much of the large vote is lost to that?
To you as an author, it makes no difference. To the curator who votes they will lose nearly all their curation rewards for voting immediately.
If I vote on a post at 0 min + 1 block I will forfeit nearly 100% of my curation rewards but the author would get the full author share. If I vote that same post at 5 mins I would not forfeit any of my rewards but I will get less curation as many people voted before me and I can’t earn curation on any vote unless it is after mine.
There is a compromise that needs to be made. How much? Varies every post.