Voting power explained in a way even your GRANDMA will understand. by rahul.stan

View this thread on: hive.blog | peakd.com | ecency.com

steem · @rahul.stan · Jun 23 '17 (edited)

$55.43

Voting power explained in a way even your GRANDMA will understand.

![textgram_1498235691.png](https://steemitimages.com/DQmRafNU8qu3hDTKA3SaVn6Lzv31xRrSuaDU1ygTLWHQUbZ/textgram_1498235691.png)

Now that even someone having 500 sp can give visible amounts on a single vote people have been voting like crazy since the hardfork.

So it is time voting is explained.

## HF19:

After the hardfork, the number of votes to completely exhaust your voting power is 50 per day.

So each vote will cost you 2% of your voting power.

Let's consider that you have 1000 steem power which gives 1$ at 100% vote weight when your voting power is at 100%.

![textgram_1498236021.png](https://steemitimages.com/DQme3SFYWCyVzN9KuiRBYjpZZQVm3yJmGW3Pr41L4FXxbyv/textgram_1498236021.png)

Now don't confuse vote weight to voting power.

**Vote weight:** It is the percentage at which you vote at a post.
**Voting power:** It is the percentage at which your steem power is effective at the moment. So if your voting power is at 50% and your SP is 1000, your effective SP is 500. Got it?

Let's get back to our example.

You do 5 100% votes. So your voting power will be 90% which means the next vote will will be using only 900sp because 90% of 1000= 900.

So each vote you do will have lesser impact than the previous. In fact, the 10 votes starting from 100% voting power will give approximately:
1$ , 0.98$, 0.96$, 0.94$, 0.92$, 0.90$, 0.88$, 0.86$, 0.84$, 0.82$, and 0.80$ respectively.
Even if each of the votes are done at 100% vote weight.

## Regeneration

Your voting power is magically refilled over time. The rate is 20% per 24 hours or 0.833% per hour.

So you have to wait in order to get your voting power to refill again.
___
___
### Disclaimer:
All calculations are done by assuming that 1000sp at 100% gives 1$ in a vote.
___
___
### Note: To see your voting power, go to:
http://steemd.com/@yourusername
Just put your steemit username in place of 'yourusername'
___
If you have anymore questions feel free to ask.

And if I'm wrong somewhere, please let me know but without being a douche bag.
___
![DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif](https://steemitimages.com/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx/DQmRKgYYp1TzWmvqtnfbMSLZQSgUXinUxqyHyd39HZ8j7gx.gif)

👍 acidyo, officialfuzzy, htooms, randowhale, firepower, mauricemikkers, rahul.stan, minnowsupport, giantbear, royalmacro, patelincho, pipokinha, aashishkandel, nadira, arnob, indiandigitizer, funnyman, chotto, bthomas3664, atkins, steampty, artists, tech-trends, zeartul, jerremie, looftee, sujoy1990, elton474, mathworksheets, ragini00, cryptopizza, clayboyn, steemmeets, ronald0, ammy009, steem-it, rosamund, tintin, iit, jsantana, vinnu, sherlock-holmes, shuvo, achintya, fisteganos, banjo, sujoyks, hobit, xoxo, gyanibilli, steem-hunter, nilim, lances, diana.catherine, maninayton, mowgli, choogirl, heretickitten, rouketas, jhermanbeans, amanjain2k, manash, alinix, curators, and 34 others

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cryptopizza	876,326,463	100%
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@amanjain2k · Jun 23 '17 (edited)

Thanks Rahul for information I was really confuse before reading your post much easy to understand
😊

👍 rahul.stan

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voter	weight	wgt%	rshares	pct	time
rahul.stan	0 B		1,637,396,346	5%

@rahul.stan · Jun 23 '17

You're welcome!

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@bloggingtrendz · Jun 23 '17

This is really informative dude followed you and keep reading your post :D

👍 rahul.stan

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rahul.stan	0 B		1,637,396,346	5%

@rahul.stan · Jun 23 '17

Thank you :)

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@bthomas3664 · Jun 23 '17

$0.05

This has been helpful to see the voting power and the breakdown, i have only been on this site a few days and was wondering how it worked. Also a useful site  is www.steemnow.com this will show you the breakdown at your percentages.

👍 bthomas3664, rahul.stan

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@rahul.stan · Jun 23 '17

Thanks for the comment.

Steemnow isn't 100% accurate.

I have edited the post to include the native steem blockchain explorer which shows the true data.

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@elton474 · Jun 23 '17

Thanks for the quick rundown !

👍 rahul.stan

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rahul.stan	0 B		364,393,615	1%

@rahul.stan · Jun 23 '17

You're welcome.

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@incrediblesnow · Jun 23 '17

$0.03

Thank you so much as you make me,the first day just join this steemit understand how it work.
Thanks for making my life easier!

👍 rahul.stan, wallsnow

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wallsnow	0 B		1,148,938,308	100%

@rahul.stan · Jun 23 '17

Haha..Glad to help ;)

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@journeyoflife · Jul 7 '17

That makes much more sense now.. I've been here for a month so it was just hard to understand

👍 greenlantern

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@minnowsupport · Jun 23 '17

<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by rahul.stan from the Minnow Support Project.  It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123.  The goal is to help Steemit grow by supporting Minnows and creating a social network.  Please find us in the <a href="https://discord.gg/HYj4yvw">Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p>

<p>If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.</p>

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@nilim · Jun 23 '17

$0.02

Thank you for the information..It will help me a lot

👍 rahul.stan, nilim

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voter	weight	wgt%	rshares	pct	time
rahul.stan	0 B		1,637,396,346	5%
nilim	0 B		418,733,814	100%

@rahul.stan · Jun 23 '17

You're welcome

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@peacedonkeys · Apr 8 '18

i have a question.  when i vote for a post i see their value goes up 1 cent - 0.01.  but that 1 cent never seems to leave my account.  when i claim rewards my account goes up, but when i vote, my account doesn't go down? how does this work?

properties (22)

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@rahul.stan · Apr 8 '18

The amount of money you give others by voting is not taken from your wallet. There is a reward pool for that.

👍 peacedonkeys

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@peacedonkeys · Apr 9 '18

oh wow! thank you!

properties (22)

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@randowhale · Jun 23 '17

This post received a 3.5% upvote from @randowhale thanks to @rahul.stan!  For more information, [click here](https://steemit.com/steemit/@randowhale/introducing-randowhale-will-you-get-the-100-vote-give-it-a-shot)!

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@royalmacro · Jun 24 '17

$1.91

<p>Hello @rahul.stan,</p>
<p>It gives us pleasure to inform you that your have been chosen to cast vote with 10% VP from "royalmacro" trail.</p>
<p>Learn more about the Royalmacro Trail <a href="https://steemit.com/curation/@royalmacro/introducing-new-curation-trail-to-earn-handsome-curation-rewards-and-to-help-good-authors-from-india">here</a>!</p>
<p>If you wish to support this initiative, join the Royalmacro voting trail on <a href="https://streemian.com/profile/curationtrail/trailing/392">Streemian</a>. Every vote counts!</p>
<p>We hope to see you continuing to post some great stuff on Steemit!</p>
<p>Good luck!</p>
<p>@royalmacro</p>

👍 gentlebot

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
gentlebot	0 B		165,590,321,717	100%

@rahul.stan · Jun 24 '17

Thank you buddy!

properties (22)

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@vinnu · Jun 23 '17

Thank you for clearing my doubts buddy really helpful ... :)

👍 rahul.stan

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@rahul.stan · Jun 23 '17

You're welcome!

properties (22)