RE: 📊 Steem Bingo Round 418 Concluded
@xpilar
@steem-bingo
@worldofxpilar
For the past two days, the Steem-Bingo beneficiary rewards I've been receiving haven't been enough to cover the ticket costs. For #397, it said 2.22 Steem + 2.22 SP, but I only received 1.894 + 1.893, less than the 4 Steem I paid for the 4 tickets. Similarly, the message for #398 said 1.11 Steem + 1.11 SP, but I only received 0.786 + 0.786, which also doesn't cover the cost of 2 tickets. As participants, we would be satisfied if the beneficiary rewards were at least enough to cover the Steem amount paid (e.g., 4 Steem for 4 tickets). Even if it wasn't much, at least it would be enough to cover it. But receiving less means we'll experience losses if we don't receive a reward for every entry. Please find a solution to this problem.
Dear @crypt0staker,
Thank you for pointing this out and for sharing your concerns.
We always do our best to ensure that the beneficiary rewards from Steem-Bingo provide good value to participants. However, the estimated upvote value shown when rewards are assigned does not always match the final payout amount. This is due to the dynamic nature of the Steem reward pool, voting values, and reward curve, which can change between the time an upvote is cast and when the post pays out.
For example, an upvote may be estimated at a higher value when it is given, but the actual payout can be lower (or sometimes higher) depending on changes in the reward pool and overall blockchain activity before payout occurs. Unfortunately, there is no reliable way to completely eliminate this difference unless we vote with significantly higher voting power, which is not always possible since votes must be distributed fairly among many Steem-Bingo participants.
That said, we understand your concern and will continue trying our best to ensure that regular Steem-Bingo players receive beneficiary rewards that at least cover, and ideally exceed, the amount of STEEM spent on tickets over time.
Please also note that reward estimations tend to be more accurate when larger numbers of tickets are purchased (for example, 18 tickets/18 STEEM), as smaller amounts are more affected by fluctuations in payout values.
We appreciate your feedback and your continued participation in Steem-Bingo.
0.00 SBD,
14.45 STEEM,
14.45 SP
Thank you for your attentive and informative response to my message.
I'm not as knowledgeable about this topic as you are, but I'm curious if a solution could be found by reasoning. To increase the Beneficiary reward, could you increase the number of upvoting sources—in other words, the total number of voters—to at least cover the ticket cost? Or, at least, could you add sources that only provide support when the ticket cost isn't covered? If such a solution is possible, it would be great if you implemented it.
Definitely will look more into providing better return always . I hope you are enjoying bingo .
Feel free to vote for my witness , i see you still have some slots available .