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RE: Inconsistencies Between Steemit Rewards Display, Actual Rewards Received And Steem.Supply Projected Rewards

in #steemit8 years ago (edited)

Let's go over it.

The choice to use $ instead of a proprietary mark is very confusing, but this is not USD, but "Steem bucks". No, not Steem Backed Dollars, just "Steem bucks." Just don't think of it as dollars. Actually, the only currency Steemit uses is VESTS, and everything else is translated, including Steem, which is confusing.

You got more than 75% due to people voting before 30 minutes (and self-voting).

Your reward was 29 Steem bucks. You get half of that in SBD, which is 14.5 SBD, which is about what you got. The 29 is rounded very slightly up in your case, explaining the 14.499.

The other half you get is given in Steem Power. You get it in the value of $15 USD divided by the USD price of 1 Steem over the 3.5 days before you get the pay-out, according to the Price Feed.

The Price Feed value of Steem when you received the rewards has been $5.863 USD, and thus, 14.5/5.863 = 2.473.

The value of what you received is simpler to calculate:
50% of your Steem bucks is the actual worth of your SP, plus [Steem bucks displayed number x 0.5] times the SBD current value.
Or in your case 14.5 (SP) + 14.499 x 7.44 (SBD) = $122.37 USD.

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If you put it like this, it checks out. I'll run out a few more calculations and if it checks, I'll update steem.supply as well, with the current algorithm it seems quite off.

Thank you!

Thank you both. Steem.supply is the best tool I have to promote steemit to new users. Srsly. Also, newbies in the first week who have yet to see a payout? NEED steem.supply

So thank you. <3

This would be nice. I've always considered steem supply extremely inaccurate, as I have gotten way less SBD than it predicts in the past.

I arrived to this conclusion as well when I did the math. It seems the 30 minutes rule and the self voting was not factored in when OP posted his computation which is why his computations were off.

i agree with your described @geekorner.
If we have reward in lower Steem price, more SP we got and so as the otherwise

I was looking at that math too and couldn't figure it out. I have excel sheet with so many different ideas and formulas.
Thanks :D

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