Hi @yabamatt I am still a minnow, actually a plankton according to busy.org and I just got sent an upvote from @postpromoter for @jerrybanfield's Supernatural Writing Contest. I was supposed to receive around $50 for entering. The bid was 20 Steem from @gmichelbkk which should equate to roughly $80 with a current value of a little over $4 for 1 Steem dollar. (I guess it isn't a 100% return upvote?)
Here is what the transaction looked like in your wallet...
3 hours ago Receive 20.000 STEEM from gmichelbkk https://steemit.com/jerrybanfield/@janellelanae/healing-my-dna-and-soul-trauma-swc-jerrybanfield-repost-with-proper-1st-tag
My question and concern is why was my vote from @postpromoter only $34 for 20 Steem. :-( I'm not trying to be greedy but I guess I am a little disappointed and I don't understand why I got such a small upvote in comparison to the pretty good sized bid.
Hi @janellelanae - due to the fact that Steem Dollars (SBD) are now worth about $5 rather than $1 like they are intended, the value of votes shown on steemit.com and other sites is not really correct.
Assuming your post is set to pay out 50/50 SBD and SP then your payout from the $34 vote will be as follows:
After 25% curation the $34 vote will be worth $25.50. You will receive half of that in SBD, which is 12.75 SBD. At the current price of about $5.30 / SBD that is worth about $67.57. Additionally you will receive the other half of the payout in SP, so you will receive $12.75 of SP at the current price of STEEM.
If you add those you will see that the total value of the $34 vote is actually about $80 that you will receive.
Wow. Thank you. I had no idea it was so off. Thank you for getting back to me about this and explaining it. I feel kind of embarrased now but thank you for kindly explaining it to me. I will vote for you as a witness. Thanks again.
Definitely no need to feel embarrassed, it's overly complicated and confusing right now and many, if not most, of the people here don't really understand it! The good news is that for those of us posting on the platform the high price of SBDs lets us earn a lot more money from our posts!