The explanation is quite good but there's still something I feel lacking in it. Either way, the best thing to do is to get as much steem power as possible to secure a good amount of rewards.
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The explanation is quite good but there's still something I feel lacking in it. Either way, the best thing to do is to get as much steem power as possible to secure a good amount of rewards.
What would you say does it lack? We are happy to add more details to this already complicated process.
The problem is different @reggaemuffin : there are very large variations of SBD and Steem (in USD) in a few days, and when the money goes back into our wallet it takes too long! If you increased the vote to 25 => 27 STU for 10 SBD (as in the example posted) I would be tempted right now to use minnowbooster always!
I would like to know more about what happens as the price of STEEM fluctuates after the vote. There's a very strange currency futures bet involved in buying MB votes and I'm having difficulty characterizing it.
STEEM price and SBD price changes affect how much you earn. STEEM price changes change the amount of STU paid out. And SBD price changes affect your $ payout when you receive the SBD.
We give profits in each vote and basically you get the same STEEM and SBD price fluctuations, but locked in for 7 days.
I'm reasonably convinced that there's more exposure to the price of USD while in a post than in just holding STEEM or SBD. (Not sure if that's fundamental or a side effect of the broken SBD peg.) But I'm aware there's nothing Minnowbooster can do about that, I was just hoping it might be a question you already knew the answer to.
I will keep plugging away at the math elsewhere.
Hmmm, not sure. 50% of the investmen is in STEEM anyway, so that does not fluctuate much. But the 50% SBD fluctuate heavily.
I mean the formula is pretty clear, just put it into a spreadsheet, plot a few values and compare to just holding steem or sbd ;)