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RE: DAILY STEEM REPORT JUNE, 23TH ★ STEEM 2.17$ + 3488 New Accounts

in #steemit7 years ago

Ok. So I'm pretty new here. But what does the rewards pool number mean if I may ask. I see 1.489.251. Is that 1 million plus steem? And where does the money come from that's put into the rewards pool? Thanks for your answers and time.

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its 1489251 Steem. Steem has an inflation of 9% per year, so 9% more Steem are created every year, divided at 365, thats how many Steem goes to the pool every day. At the moment more Steem are getting drained then coming in.... everyone is voting more then normal after HF19. But i guess it will balance itself soon....

Oh ok. That makes sense. So are these steem being mined? Sorry for all the questions. I really appreciate your answers. Thanks.

On the beginning they where mined but now the mining is done by the witnesses.

Ok. Thanks. I did not know that.