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RE: Hive Payout Rewards Are Confusing

in LeoFinancelast year (edited)

You confused HIVE and HBD as one calculation. They're separate in calculation. The potential payout is indicated in dollars. For example, the potential payout is 7.832. That's in dollars. Expected that you'll get 50% or 3.916 dollars. After 7 days, you get 1.964 HBD + 6.055 HP. That's because 50% of 3.916 is 1.958. You get 50% as HBD and the conversion factor from HBD to USD is probably 0.9969 at the time of the payout. The remaining 50% of 3.916 is given to you as HP. That's calculated as 1.958/0.3234 = 6.055 HP. The 50% of your author rewards in dollars should be divided by the conversion rate of USD to HIVE.

I could be wrong in the conversion rates, but that's at least very near to the amounts indicated in the display and the amounts you receive as HBD and HP.

Edit: Discrepancies can only be expected when there's a big and sudden change in the market price of HIVE. But even with the abrupt change in the price, the discrepancy should be very small since the calculations of the internal price is the average of 3.5 days market price.

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thank you! I knew there should be an easy explanation for it.

The potential payout is indicated in dollars.

But that's exactly the confusion. It clearly says "Hive" rewards and we also have the hive symbol. It should say "Dollar" rewards instead.

True! Don't know with them.

@asgarth @peakd Would it be possible to indicate the rewards in $?

We considered this in the past but discarded other options as none of them was 100% accurate.

hey, thanks for replying. I think it would help a lot and would be much less confusing if we didn't see the Hive symbol and the text "Hive rewards" in the payouts since it is clearly not showing anything Hive related. In my opinion you should either keep it like that but then change the value so it more accurately displays the Hive value or change the symbol to $ and the text to dollar and keep the value as it is. As long as it says somewhere that this is a potential payout reward and not 100% accurate I think we are fine and it would really add clarity

When we evaluated that solution in the past turned out new users expected to actually get USD as rewards from their post. Also they expected to get the whole amount reported under their post.

What they actually get is quite different (and not the whole payout as there is the curators part). "Hive Rewards" because you only get Hive related tokens as reward for your posts.

okay interesting, I would have expected people to understand that they get Hive. Maybe you guys could make another poll in the future to see if things have shifted

Ecency has option to change the payout in ither currency also.
You can check the calculations with change of currency in ecency