About the curation rewards for newbies like me
Image source: https://steemit.com.
I write this post as a new user (and a minnow) to new users (and to minnows) to motivate new people (and minnows) like me on Steemit!
This post will give you a basic information about how much you can earn with curating as a newbie/minnow like me.
Image source: http://www.smartmediatips.com.
I registered on Steemit on 2017 May 17.
I have 108.368 Steem Power at the moment.
My estimated curation rewards last week is 0.254 Steem Power.
- This means I can earn 1.016 Steem Power monthly (4 weeks) just by curating if I maintain this weekly amount!
- Currently 1 Steem is worth $1.334 USD so this means I can earn $1.355 USD / month just by curating.
- But my earnings will probably increase as I constantly Powering Up.
- My curation rewards are mainly depending on my Steem Power.
- My earnings in Steem Power is also depending on several other factors like my voting power and the time difference between the posting and my upvote, but based on the previous weeks, my weekly earnings was around (between) 0.20 Steem Power and 0.30 Steem Power.
- The previous link is pointing to the FAQ which is (probably) up to date but I am not sure about that.
- The above mentioned link is pointing to the "What determines how much of the curation reward goes to the author versus curators?" question but when you open the link you find yourself at the top of the FAQ so you have to scroll down to the question. You can find this question in the "Voting and Curating" section of the FAQ.
- The value of Steem in USD is always changing (like any other currency) so this can affect our earnings (in the value of USD) as well.
- The voting power (effectiveness) and Steem Power are two things.
- You can see your voting Power (effectiveness) on various sites like steemd.com or steemdb.com and chainbb.com. For example: https://steemdb.com/@yourusername.
Of course you have to replace the "yourusername" with your username to see your profile. - Your voting power (effectiveness) is decreasing with each 100% vote you cast by 2% of your remainig voting power, but also recovers over time by 20% per day.
- This can change in the future as it is already changed in the past. So the 20% (or any other thing) can be inaccurate by the time of reading but it's correct at the time of writing.
- The FAQ is currently suggesting casting 10 upvotes per day. If you cast more than 10 upvotes per day, each vote will be worth less and it will take longer to reach full voting power again.
- My example: I currently have 108.368 Steem Power and my voting power is 44.47% at the moment (so I am voting more than 10 times per day) and my upvote is currently worth approximately $0.024.
- Currently new users/minnows (below 500 Steem Power) can only vote with 100% voting strenght.
For example: If I could adjust my current upvote strenght to 50%, then my current upvote could worth only $0.012 and would only decrease my current voting power by 1%. - The FAQ is probably always up to date so I suggest you to read the FAQ about the voting power.
Especially if you found this article months/years after the time of writing.
I hope that this post is helpful and easy to understand!
Thank you for reading!
Enjoy Steemit!
Have a nice day!
Again share great stuff from a great steemer , keep steeming
Really man!?
You upvoted your own spam-like comment with bots with more than $1 but completely ignored my original post while I put a lot of work and time into the post and the post have only $0.04 estimated earnings!?
Why do people are so selfish on Steemit!?
This post received a 2.4% upvote from @randowhale thanks to @ehujra! For more information, click here!
Please sorry to ask, what exactly does curation mean? And what does does it work? However thanks for the post.
No problem, I am happy to help! I didn't explained this in the post! Thank you for asking!
Curation on Steemit is when you upvote a content. This can be a post or a comment as well.
For example: If I (or anyone else) post something on Steemit (including this comment) and you upvote it you will get a curation reward after 7 days from posting. The curation reward is Steem Power.
I hope it's easy to understand!
Thank you for reading!
Enjoy Steemit!
Have a nice day!
Ok understand now, thanks and thanks
Thanks for information
Great! Man. Resteemed hoping it gets to those in need of this clearfication.
Really like this post. It's useful @xplosive
upvoted.
Thank you for the info. As a little minnow these posts help navigate through this big pond.
This post has received a sweet gift of Dank Amps in the flavor of 20.00 % upvote from @lovejuice thanks to: @xplosive. Vote for Aggroed!