The thing with upvotes is that there is also a Voting Power percentage. Every time you upvote something, that percentage gets a little smaller. The smaller your VP percentage is, the less your vote is worth.
Were I to upvote with full VP percentage, I'd give 0.02/0.03 reward. Do I upvote with 50%, I'd give 0.01/0.02 reward.
This percentage regenerates with time, but this is why we don't just upvote every single post out there.
I hope this explanation helps!
Thanks for this great explanation for something I didn't know existed. While my vote may not be worth a lot, I am upvoting for the valuable information.
Aww thank you! I'm glad I could help :-)
Thank yes a very detailed explanation. Additional question if you can answer? Is there an amount of time best to wait in between upvoted that you would suggest?
Hmm not really, Most people just upvote whenever, until their voting percentage gets too low, then they slow down for a while (or go to bed or work ;-) ). Most people try to stay above 70% I think...
You can check your percentage on https://steemstats.com
You just earned an upvote! Thanks for all the useful info and replies
Aww thank you :-)
Thanks. I was wondering the same. I've been on here less than a week.
Aah well in that case, welcome to Steemit! I'm glad I could help out a bit :-)