RE: You are probably voting too often! Here is why! [Pro Tips]
Well, I don't agree for now. I always vote as much as I like. I ain't a judge. So I don't want to choose 10 best entries to vote for out of 100 I encounter. And even if I choose, I won't like to go back to the chosen one to upvote. It just sounds stupid to me. When I come across a post worthy of my upvote, it will sure get that. But if I come across yet another and much better suitor for my vote, it should get one too.
So IMHO, in case you want to maintain a high VP, you should entertain the post on "First come, first served" basis and then don't vote until you get back your desired VP. And if you have got a sliding scale, you can always rate the content and choose appropriate vote weight. That way you can vote more.
Apart from this, I observe that curation rewards are but a tiny part of my wallet. Most rewards I accrue are author reward. And I want it to be like that. Whatever curation reward I generate is a bonus. I won't like to spend more energy on judging posts than on writing. In my view, curation should be more natural and effortless. And excessive voting don't harm me in any which way. Even with less VP, I'll earn as much curation rewards if not more ...if I spend my every vote well. So why should I always strive for 100% voting power?
Please also check what @timcliff has to say on this:
Thanks for posting this. You are correct. I replied to one of the author's comments in your thread.
Voting more just reduces your influence for votes that actually matter. You will earn more doing 10 up votes a day at over 80% Voting Power than 40 posts a day and always below 70% as you currently are: https://steemd.com/@xyzashu
Sorry, but the info in your post is not correct. When you vote with 100% strength, you use 50% of your remaining voting power. If you are at 50% voting power and you cast a 100% strength vote, it only takes away 1% of your total voting power.
I think @timcliff had a typo here. When he said 50% of remaining VP, he meant 2%. of remaining VP. But @bigdeej's reply is a bit incomprehensible. Declining voting strength per vote is NOT at all bad. If it is, then explain me why you yourself are using less than 10% vote strength when your voting power is over 80%?
My vote power is usually at around 60-80%, but it fully recharged over the weekend because I didn't have time to review content. A full 100% upvote from me adds over $6, and I prefer to spread it out over more posts. I save 50% and 100% upvotes for things I really like.
Right when your Voting Power is at 100% or near as mine currently is your votes carry MORE value, so everyone saying they just want to vote down to 10% VP when you could just space out those votes and make the author more and yourself more aren't understanding how this platform works.
The idea is to consume all your voting power which is replenished back in a given time. It doesn't matter how much vote-weight you use or how many times you vote. Following points should be taken care of:
What I want to convey is that this whole discussion around VP is not really of any considerable value. Just continue to make a good judgement keeping broadly everything else in mind. You can check your own curation rewards are less than 1% of your author rewards so far despite your maintaining over 80% VP. Whereas I don't care about my VP but yet my curation reward percentage is comparable to yours at 1.79%. Even @timcliff's curation reward percentage is about 10% of his total rewards. So guess how much is at stake?
Yes that is why voting too often is bad! Thanks for replying!
What do you mean by votes that actually matter? All my votes do actually matter. And math adds up the same whether you vote once at 100 VP or 100 times at 1 VP. I really didn't get your logic.
Well right now your voting power is at 60% and your SP is 45. A vote for you is going to cost you 2% bringing your voting power down to 58% and that vote will be worth 60% what it would be worth had you waited till your voting power was 100%. So you are almost voting with half the power you could be by over voting.
Doesn't explain to me how I am making a loss over that! Yes, I do know that everyone's VP replenishes back at the rate of about 0.83% per hour. So at 80% VP it will be about 0.67% addition in an hour whereas at 60% VP it will be about 0.50% addition per hour. Are you willing to point me towards this?
But I really don't care for that as overall impact to my curation reward is very negligible. And I'd like to be on the side of over spending than just letting my VP redundant due to under-spending on some day.
To each his own. But simple math shows you are throwing your votes away when you can manage them over a 7 day period for posts/comments you like to maximize the power they influence. Vote down to 10% Voting Power by all means you will need 100x more just to matter at that point..
Well let me share my story. I ain't a very heavy Steemit user. I mean I ain't online 24 hours continuously upvoting. There are days when I can spend more time here than some other days when I can't spend a moment for Steemit. For example, the days when I used to maintain my VP over 90%, when I used to sleep and do other choirs, I'd normally return to the platform after a gap of about 12 hours. So if I left my account with about 95% VP, I'll really wasting more than 5% of replenishment as my VP can not go over 100%. And this is only for a small gap of half a day. What if I ain't using steemit for couple of days? I'd be making much more losses. So over spending my VP makes better sense to me than under spending. I can't be so consistent with my voting frequency compared to the replenishment rate. So you rightly said that to each his own. And for me, "overspending" (the way you will call it) suits me more.
Thanks for all your advice anyway!
That is a good valid point, that is where phase 2 comes in to play! Keep in touch you won't want to miss out on this!
Another thing I'd like to point out is that as you said; a vote for me won't cost 2% as in bringing my VP down to 58 from 60 but it will cost me 2% of 60 i.e. only 1.2 VP bringing down my VP to 58.8 from 60. And that's the advantage of being at 60! At 100% VP your 10 votes would bring down your VP by about 20% where as at 60% VP, I can vote almost twice than you and spread my votes more until I hit my VP to 40%. So figure out who is losing what 😉
And I bet with your SP over 4,000 you are not always voting at your 100% vote weight. You must be playing around with your sliding scale? Aren't you?
Well, I just checked up and found that your last vote (the only vote you made in the last hour) was weighed at only 4% despite your VP is over 80%. 😉
So why do you expect planktons & red fishes to always cast their vote at 100% vote weight?
(Well, I know, much of my calculations aren't exact since I ain't good at math but you get the drift. I'd probably do the exact calculation with the help of a calculator when I'd write a post on this subject some time).
Waiting for your phase-2. Following you!
Take a look here: https://steemd.com/@xyzashu
Good article, thanks.