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RE: Tips On Using Your Steemit Wallet And How To Invest

in #steemit • 7 years ago (edited)

@jc21.ramos, I am not sure if I understood your query properly. But let me try it anyway.
steemnow.com is a webpage that gives you lot of info. Your 100% upvote value, author/curator rewards and much more.
In this page next to the upvote value, there is a small calculator icon. Press it and you will go to a upvote calculator. Here you can enter any SP and see the equivalent voting power. The default value shows 10000 steem power $1.67 at 100% power. You can change steem power and %age and find the corresponding upvote value.
Hope that helps.
@walkingkeys, please advice me if I am right.

7 years ago in #steemit by
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     7 years ago 

    Holy, that's exactly what I've been looking for, thanks!

    Question: what's the difference between Vote Power and Vote Weight?

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       7 years ago (edited)

      @jc21.ramos, vote weight is the $ amount your single up vote has at 100%. My vote weight is $0.005. (that is at 100%).
      Vote power is how much you up vote a blog. If you have a slider in your up vote button (you get a slider after some 500SP in your wallet), you can vote only a fraction of your full vote weight. For example if your single up vote is say $1.0, you can distribute it to up vote 10 blogs at $0.1 using the slider. That is vote power (10% of your full power) that you are using for upvoting a particular blog

      Voting power decreases with each vote. Voting frequently in a small amount of time increases the rate at which voting power decays and it recovers slowly after a period of not voting. You get 10 no. 100% up vote every 24 hours. Meaning you can up vote 10 blogs /comment everyday at 100% without diluting your voting power. After 24 hours your voting power is restored to full.
      In steemnow.com you can see your voting power in %age. Just see that it does not go below 85%. If your voting power dips below 85% then every subsequent up vote that you cast will have less than full 100%power.
      So if your voting power is say 50% every up vote you cast has only 50% value of your up vote. (That is if your full up vote value is say $ 1.0, and if your voting power is 50%, then each up vote is worth only $0.5 and not $1.0)
      Hope that clarifies

      This is my understanding. May be some senior here can clarify or throw more light on it.