RE: SteemWorld ~ Weekly Support ~ #36

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RE: SteemWorld ~ Weekly Support ~ #36

accelerator in #steemworld • 6 years ago (edited)

Hi, it is very rarely exactly 25% - usually less though can also be more. It is often less because those voting before 15 minutes lose some of their curation rewards. It can also fluctuate depending on the price of SBD, whether higher or lower than the encoded $1.

Third party sites may also differ from Steemit depending on whether they are using the blockchain price of STEEM or market prices.

mmm... had a deeper look for you and looks like Steemit now publishes post-rewards as actually the post-payouts, hence deducting at source the lost curation rewards. I find that annoying! But it explains the discrepancies. So $2.29 was your post-rewards, with $0.05 lost curation rewards. Note that the author-rewards of $1.718 are also 75% of $2.29.

6 years ago in #steemworld by accelerator

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steemchiller 6 years ago

had a deeper look for you and looks like Steemit now publishes post-rewards as actually the post-payouts, hence deducting at source the lost curation rewards.

Exactly! I guess most platforms currently show the net amounts for paid out posts, because the nodes return that as total payout. I recently changed it on SteemWorld, so that the missing part will be added afterwards by calculating the burned payout as follows:

nBurned = ( nTotal / AUTHOR_PERCENTAGE ) - nTotal - nCurators

where AUTHOR_PERCENTAGE = 0.75

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rycharde 6 years ago

Yes, I noticed ages ago you show the % burned, which is a useful gauge of how much early voting happens.

BTW the curation rewards lost are not actually burned, that is, they are not sent to null, they are just left in the reward pool. people often say they are "returned to the reward pool" but that's not quite right either - they are just not taken out!

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steemchiller 6 years ago

Thanks for your comment! Yes, the '% burned' is still not being shown for paid out posts currently (only added to the total payout), but I will add it also for those posts in one of the next versions.

It's all a bit confusing in the current UIs. Maybe we should find a better title for 'burned' like 'lost' or 'ineffective'. Might even be better to change it completely on all UIs and show also the coming payout amount always without the lost curation shares, because it's not really the correct coming payout when part of it will never be paid out anyway... :)

In that sense the 'total payout' that is being returned from the nodes after payout is correct.

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retinox 6 years ago

Oh yes... thank you @accelerator - that's a good explanation for the discrepancy.

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