I'm seeing it happen everyday! How you ask?
What 100% Power Up pays.
Say your post makes $12. Of that you get $10 after curators get their cut.
With Steem at $2.50 each, you'd get 4 steem power or $10. Now look at what you'd get from a 50/50 payout split where half is steem power and half are steem dollars.
What a 50/50 post pays.
We'll use the same scenario. You made $12 on the post and got $10 after curators.
Half goes to steem power. I.e. $5 = 2 steem power @ $2.50 each.
Half come as steem dollars. But steemit pays this as if one steem dollar equaled one US dollar. So you get 5 SBD.
To be conservative, right now one steem dollar is worth $10 US. So your 5 SBD earn you $50 US.
The same post, set to 50/50 payout just earned you $60 instead of $10.
Don't loose out on your fifty bucks!
And of course the obligatory kitty pic!
Hard at sleep...
Hard at sleep...
Image Sources:
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I'm going to be a complete newbie and ask how do I set my payout structure?!? I remember hearing about it my first week and have since been learning so much about everything else that I completely forgot that you can do this. Mine started out 50/50 but seems to be about 65/35 right now. But the higher % is going to SBD.
Oh, you're fine. Definitely worth asking.
To set the payout type (100% SP, 50/50, Decline) on a post, just click the "Rewards" box in the bottom right of the editor. (Same idea on comments.)
Now, it does default to 50/50 and it will remember your selection after it's changed. Regarding your concern that your's isn't set 50/50...
So say that you have a $12 post and you get $10 after the curator cut is taken out. $5 will go towards Steem Power at say $2.50 per Steem. So you would get 2 SP. Now the other $5 goes into SBD, but instead of using a market rate, it uses $1 USD = 1 SBD...hence you'll get 5 SBD.
However with SBD going for at least $10 right now, you're getting $50! I've been exchanging my SBD into Steem lately at around 5 or 6 Steem for 1 SBD.
Ok. That makes sense why the payout appeared to change.
I swear I’ve never seen the 50/50 when blogging or typing comments but it’s right there. 🙄
Hehe, it's all good. There's so many other things going on, plus trying to format, spellcheck, get links, etc it's understandable.
If it's helpful, THIS was the last in a series of guides I wrote months back. You'll find links for the older ones at the bottom. :)
Great! I'm sure they will be helpful!
Great advice. I don't think a lot of the steemit community factored this logic into their posting payout decisions.
I'm sure there's a lot of people who didn't understand the effects it had. We see a $2.50 payout on a post, but in reality that's at least $10 USD worth in just the SBD. :D
All we can do is spread the word and try to help them.
Exactly!!!! Get 10x the steem on the 50% steem dollar ratio 👍👍👍
I meant 10x-12x ratio on the 50% Of rewards paid in steem dollars
yeah that's a good point you made there. Hopefully SBD will go down and the Steem raise so there will be more investing stimulus. Right now Powering up makes absolutely no sense. Great post!
You can still power up. Just transfer your SBD from your post to an exchange and then purchase STEEM with the proceeds. Then power up.
Exactly and at this value we get 5x as much
hey thanks for the tip :)
Exactly! Ty!
Often I just use the internal market and change the SBD to steem. I avoid any fees that way. At least till it does have to go to an external exchange.
Ive even borrowed STEEM and im upvoing all my own comments for a change so I can power up quickly while SBD is so high! I plan on sticking around on Steemit for along time.
I'm still very confused by all the currency stuff so thank you for this, I learn a little more for each day!
Basically keep rewards setting at 50%/50% not 100% steem power. The steem dollars are way over valued there dollar peg so u can turn your 50% reward in steemdollars into 5x the steem power due to them being valued higher
Thank you, wish I knew this earlier... but now I do, thanks to you.
especially now with the SBD being what it is ...great point to remind everyone.
Thanks for the simple to the point explanation. #crypto #currency #sbd #steempower #steemon
Excellent reminder for everyone. The current SBD price is amazing!
Oh definitely! I've been amazed that it's stayed up this high for this long. I'm definitely not complaining though. Lol
No one is complaining!!!
totaly agree! steem will boom!
thanks for sharing these infromations with us. I am doing the same teaching new steemit comes to not lose their money. but I am afraid next days steem price will be higher than SBD. so steemit will not be that priftable for us like this. do you agree?
Anytime the SBD price is more than one dollar you get more doing the 50/50. The price of steem shouldn't be a factor.
Lucky its on default when posting. As a result of being new, I have no idea lol. I just post and hope for the best :) thanks for the tip, very much appreciated.
Oh good point. Whew! A good +1 for the developers. Lol
Wish there was an option to set it to 100% SBD as well :P
That I can understand. Though I could see it causing a lot of people just grabbing and going with earnings. I'd figure this could cause economic problems.
That's quite the likely scenario, but we could have it temporarily like festival specials :D
i always use the 50/50 option from the start :) thanks for this great update
excellent friend very good, I hope you follow my blog about movies @leonelgv26 support us and keep building this great steemit community
The price of SBD has been amazing lately! It couldn’t have come at a better time because we always struggle with money this time of year. I’m so grateful!
yes indeed, we have to set it to 50/50 at the moment,
Things looks awesome ...
Thanks @sykochica for the reminder
Cheers!
Excellent explanation about this. All the ups and downs are certainly a bit confusing on here. Nice to have it laid out in easy terms.
The increase in value of SBD has just motivated me more to post often. It's a great incentive for the steemit community.
I was wondering about that, I almost lost my money lol
It's smart for the site to be set up this way. Pretty neat!
I'm actually very curious if there are any economic downsides to the SBD being as high as it is. Though as long as the Steem/SBD ratio doesn't get too far off (say like 8-10x) I can't think of any.
This is definitely one of situations where a little knowledge goes a long way. :D
Nice tip! Thank you @sykochica
But i know)))
Upvoted:)
This just earned me a ton of money i was leaving on the table...Thank You!!!🦄👑🖤💋
:D More than happy to help! Suddenly it makes ya feel rich! lol
It certainly put a bounce in my step today🦄👑🖤
Nice explanation wonderful post.
Hey there! I just translated this guide to Spanish for Operation Translation. I updated it a little according to the actual value of Steem and SBD :) It'd be nice if you gave it a look on my page, thank you again for this opportunity! <3