Hi there and welcome to my vlog, my name is Erik Gustafsson and I go by the handle @flaxz on 3speak, CTPtalk and Hive.
Passive Income - On Hive - Curation Rewards
In this video I talk about passive income on Hive, and here I go through how Curation Rewards work.
So rewards on posts and comments are split 50/50 between Authors/Curators for payouts in Hive, but there are also other factors that affect Curation Rewards, and do note that you start getting Curation Rewards if you have Voting Power of around 100 Hive Power or more and given that you vote with 100% at that level.
To start with we have the Convergent Linear Rewards Curve, which at the starting point of 2 cents that is the payout threshold, votes are worth 50% of their full potential, and then they increase in value with a logarithmic curve and converge at a total post payout of 20 Hive, and then the votes are worth 100% of their full potential.
If you want to read more about how this works then read this post from @dustbunny, it also have great illustrations of the curve, The Fork and the Bunny.
This means that if you want to maximize your Curation Rewards you want to vote on posts that has a total payout of 20 Hive or more, and at the current price of Hive (16 cents) that is $3.2 in Hive Rewards.
But this is not the only factor, we also have the Curation Window, and this complicates things a bit more if you want to maximize your Curation Rewards.
What the Curation Window means is that you get maximum Curation Rewards if you vote a post at exactly 5 minutes after it's been posted, and then it's a linear curve before and after that time.
@ketcom makes a really great job of explaining how this works in his post, Best Post Upvote Time For HF21 Optimum Curation Reward.
It is now that it gets really complicated, because to maximze Curation Rewards you want to vote on a post with a payout over $3.2 in Hive Rewards, and at exactly 5 minutes, which is in 99.9% of cases before any post gets big upvotes.
But this is where Hive.vote comes in, with this dapp you can setup automatic voting with Fanbase and with Curation Trails, and set it to vote at an exact time.
You also need to account a bit for a delay between the time you set and the time the vote is done on the blockchain, so use decimals and set it to something between 4.15 and 4.45 to get the vote in at the optimum time.
Now that is for Fanbase, which means you follow a specific author with votes, and you can in addition to time also set how many votes to do on a daily and weekly basis.
Then there is also Curation Trails, which means that you follow the votes that another account is making and vote on the posts that they vote on, and here you also need to take into account what time that they do their vote and adjust your timing accordingly.
For Curation Trails you can go with scaled votes or with fixed votes, and what is best in your case depends mostly on how much Hive Power you have in relation to the trail account, and what percentage they vote with, you want each vote you make to be large enough to have a curation reward, but still not depleting your Voting Power.
You can also set in the settings at what % you want the autovoting to cut off, and the best is somewhere between 85% to 90% Voting Power.
To track your ROI on your votes and how it develops go to Hivestats.io, type in your username and look for a red field called Curation APR, this will show you a % of how much you are earning in relation to your effective Hive Power in Curation Rewards on an annual rate.
Your Curation APR is what you want to increase as much as you can to maximize your passive earnings in Curation Rewards.
I hope that it did not get too technical, and good luck growing your Curation Rewards.
Watch the video to get more details.
I Am Alive - Day 177
It is now my day 177 for the #IAmAliveChallenge, and you can read how it started and how to join in this guide, I Am Alive Challenge - The Guide.
This is all about celebrating that you are alive despite the hard times we now live in, and to share that with the world and the Hive blockchain, you are alive, and that matters.
We Are Alive!
Enjoy Watching The Video!
Made in Desygner
Stay safe, awesome and alive!
Sincerely,
Erik Gustafsson
This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.
Credits For Music
Royalty Free Music from Bensound, track Hey!
The 4 points to join the #IAmAliveChallenge.
Made in Canva
Made in Desygner
Made in Canva
Hello #hive 🖖
▶️ 3Speak
Posted using Dapplr
As I said in some of my vlogs, my personal opinion about maximizing curation rewards is that's an adventure without ending... And also, I have a feeling that MORE tweaking those curation rewards is taking us farther from the REAL support of other creators...
I know that it sounds weird, but making all things automatic, take out all the fun of manual curation, and supporting the stuff that you find along with surfing here...
Cheers!
Thanks a lot Zoltan, yeah looking back at it I might have overdid the focus on automatic curation, the point was to show the opportunity, especially to outsiders where I have shared it to quite a bit of affiliates that might like that, as to myself I do quite a bit of manual curation, and looking at the patterns it might be a good idea to do some of that a bit more automatic than before.
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Agree with your point... The best practice is to combine both things... People are sometimes lazy to think about that possibility, and we should suggest that it's possible to do it both... ;)
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Thanks Erik,
As always- bookmarked to re-watch again later! 😅
Thanks Leesa, I hope you will like it.
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Thanks Erik 😊👌
Glad you liked it Aymen.
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Thank you.
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You're welcome @flaxz🐝🐝🐝 Thanks for your support!
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