Thanks @connie1018! A very helpful and concise guide! I've a question! Was wondering does the SP value decrease over time? I realised my upvote worth was about 0.01 then suddenly the next day it went down to 0.005
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To add to @connie1018's explanation:
It's not your SP decrease, it is your VP (Voting Power).
If you would like a more graphical illustration, steemworld.org/@honjun88 would be a neater choice.
Looking at your account, because your SP is so low, it yields no effect on your voting. You only contributed a "thumbs up", while you are not helping the reader neither yourself (curation) in the long run.
Therefore, Connie's summary on the need to Power up and her illustration is very important for newbies like you. :)
Thanks @littlenewthings for the link! That helps to keep it in check. Previously I was using another site. So if I've powered up in the sense where my voting power is of higher value, because my SP is high, does the SP reduce in value over time? Due to lack of activity, etc? Hence my voting power also will reduce over time?
Hi @honjun88.. each time you place a vote, your voting power also decreases which causing the subsequent vote to be lesser and lesser. (The lesser your voting power, the weaker your upvote value).
You can check your voting power at steemd.com/@honjun88.. keep your voting power above 80% or limit to 10 upvotes per day for maximum effectiveness.
Your voting power recharges ony 20% per day, so imagine if you deplete your voting power, it can take longer time to recharge to 100% voting power. Golden rules is 'do not abuse ur upvote, as the more u upvote, the lesser ur voting power and the lesser ur upvote value.
Thanks! Yeah that's why I distribute my votes carefully