Steem Power required to increase an upvote $0.01 in value by seanmclellan

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steemit · @seanmclellan · Sep 11 '16

$0.60

Steem Power required to increase an upvote $0.01 in value

According to calculations I just did based on the Steem Dollar tool, as of 9/11/2016 at 1:00 am CST, the answer is 190.48 steem power equals $0.01 in upvote power.

Using the Steem Dollar tool; which can be found here (thank you @mauricemikkers for building this)

http://www.steemdollar.com

It calculates that when I am at 100% voting power, an upvote from me is currently worth $0.010263027107793.

<a href="https://www.steemimg.com/image/yy2gP"><img src="https://www.steemimg.com/images/2016/09/11/ScreenShot2016-09-11at1.01.52AM35786.png" alt="ScreenShot2016-09-11at1.01.52AM35786.png" border="0"></a>

I currently have 196.489 steem power, so that means I only need 96.94% of that for an exact $0.01 value increase… which is currently 190.48 steem power.

This is slightly changing/fluctuating constantly, and I’m interested to see how that calculation changes over time.  Also interested in seeing if this is actually accurate.  Today is my first day really digging into the Steemit platform and this is my first post -- so for all I know, the calculator I'm basing my findings on could be completely wrong, and I don't have enough experience to know firsthand if these numbers look right based on my account, yet.  Does this calculation + tool that I’m basing the calculation on seem to hold up for you?  Or did I just do some worthless spreadsheeting?  :)

Also: Thank you to @fabien for creating the Steem API that @mauricemikkers is using to power the Steem Dollar tool.

👍 dollarvigilante, lukestokes, steve-walschot, cornerstone, tracemayer, isteemit, michaelx, ossama-benjohn, mikehere, cryptos, michaeldodridge, davidbrogan, nate-atkins, summonerrk, rimann, bullionstackers, seanmclellan, tarindel, tee-em, steem1653, therealpaul, l0k1, bontonstory, paynode, catsmart, wildmanhowling, zettar, robotev, future24, bitcoinparadise, reddust, doubledex, mrhankeh, ct-gurus, spethoscope, andrewrait, mexresorts, oregonaaron, djangothegod, stevesmith, stardust, kyusho, wildchild, inarix03, toolyman, mamawoozy, jeff-kubitz, redpillbetting, sergey44, craftyselena85, whalepool, loli, mykarma, neelamnaz, farizal, olinzodd

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steve-walschot	148,292,892,164	100%
ossama-benjohn	23,274,045,271	100%
tee-em	2,885,413,611	100%
michaelx	31,303,592,983	100%
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mrhankeh	497,445,821	100%
isteemit	51,996,819,677	100%
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olinzodd	0	100%
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whalepool	50,632,610	100%
sergey44	51,400,644	100%
summonerrk	6,228,706,656	100%
michaeldodridge	18,462,078,317	100%
bullionstackers	3,484,770,515	100%
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future24	1,510,619,162	63%
cryptos	21,097,624,234	33%
loli	50,027,573	100%
dollarvigilante	682,989,354,404	100%
therealpaul	1,838,361,040	100%
rimann	5,202,394,122	100%
toolyman	65,705,189	100%
mikehere	22,168,257,746	100%
redpillbetting	54,008,480	100%
davidbrogan	7,908,549,618	100%
l0k1	1,799,680,547	100%
cornerstone	65,496,206,900	20%
zettar	1,516,879,328	100%
kyusho	90,394,343	100%
jeff-kubitz	54,962,305	100%
spethoscope	322,318,309	100%
catsmart	1,576,707,788	100%
ct-gurus	419,802,313	100%
tracemayer	56,148,404,312	100%
bitcoinparadise	1,217,081,443	100%
wildmanhowling	1,569,183,576	100%
bontonstory	1,675,042,973	100%
andrewrait	218,599,376	100%
inarix03	82,403,648	100%
stardust	100,277,919	100%
robotev	1,515,473,405	45%
craftyselena85	51,194,169	100%
mexresorts	208,519,592	100%
djangothegod	155,212,015	100%
oregonaaron	158,211,435	100%
stevesmith	154,610,329	100%
reddust	1,067,573,232	100%
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farizal	0	100%
neelamnaz	0	100%
mykarma	0	100%

@bontonstory · Sep 12 '16 (edited)

Hi, I will be look forward to your post. Thanks for letting me know the site!

👍 toolyman

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properties (23)vote details (1)

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@crowdedmind · Jul 7 '17

# Definitely does not work.
Upvoting my own post added $0.12 onto my post...but this 'tool' said $0.017....

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@djangothegod · Sep 11 '16

When you upvote someone, does the power go down?

👍 farizal

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@ibringawareness · Sep 11 '16

Pretty sure Yes on that. That's why it gives you two figures.. the smaller ne is "at 100% Voting power" and the top one is at the moment you entered the user name.

👍 djangothegod

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@seanmclellan · Sep 11 '16

So far, my votes seem to do nothing -- I'm still too new at this to be able to answer you correctly at this point!

👍 djangothegod

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@lukestokes · Sep 11 '16

Welcome to Steemit, Sean! Looking forward to your #introduceyourself post. Happy to see another friend in real life join this playground. :)

👍 seanmclellan

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@seanmclellan · Sep 11 '16

Thank you @lukestokes!

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@mexresorts · Sep 17 '16

Pretty nifty. Will try it out once I have some more power :)

👍 mexresorts

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@seanmclellan · Sep 17 '16

Hopefully the tool will be updated and I can recalculate.  As it stands, it seems to be consistently overestimating the value of steem power.  

Thanks for reading / commenting!

👍 mexresorts

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@mexresorts · Sep 19 '16

I wonder if they still playing with the algorythm for steem power. I could see they would adjust and change it almoast weekly.

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1 reply

@michaeldodridge · Sep 11 '16

I have about 1500 SP and it's only worth about $0.01

👍 michaeldodridge, seanmclellan

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@seanmclellan · Sep 11 '16

Thanks for your feedback!  Wow, that would put this calculator wayyyy off, then.  This says you should be at $0.06.  http://www.steemdollar.com/dollar_per_vote.php?name=michaeldodridge

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@dollarvigilante · Sep 11 '16

That site shows me at $0.79 per vote (with $50,000 SP)... I just upvoted you and it added $0.37 to you (but perhaps my voting power is down).  In any case, even at $50k it is not a massive amount... the whales are where the big money comes from at the moment... but I suspect that will change dramatically over the coming year as many of us gain power from our involvement on Steem and the whales power down.

👍 seanmclellan

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
seanmclellan	0 B		3,024,745,594	100%

1 reply

@seanmclellan · Sep 11 '16

Hmmm... the fact that upvoting my own post didn't increase the value by $0.01 makes me think the tool I based these calculations on is suspect.  Interested to hear other feedback.

👍 seanmclellan, tenormantears

`author`	seanmclellan
`permlink`	re-seanmclellan-steem-power-required-to-increase-an-upvote-usd0-01-in-value-20160911t070036589z
`category`	steemit
`json_metadata`	{"tags":["steemit"]}
`created`	2016-09-11 07:00:36
`last_update`	2016-09-11 07:00:36
`depth`	1
`children`	0
`last_payout`	2016-10-12 09:57:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	179
`author_reputation`	154,820,029,330
`root_title`	"Steem Power required to increase an upvote $0.01 in value"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	1,205,924
`net_rshares`	3,024,745,594
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
seanmclellan	0 B		3,024,745,594	100%
tenormantears	0 B		0	100%

@seanmclellan · Sep 11 '16 (edited)

Great to see you here @tracemayer! Hope all is going wonderfully well for you.

properties (22)

`author`	seanmclellan
`permlink`	re-seanmclellan-steem-power-required-to-increase-an-upvote-usd0-01-in-value-20160911t090215679z
`category`	steemit
`json_metadata`	{"tags":["steemit"],"users":["tracemayer"]}
`created`	2016-09-11 09:02:15
`last_update`	2016-09-11 09:02:48
`depth`	1
`children`	0
`last_payout`	2016-10-12 09:57:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	78
`author_reputation`	154,820,029,330
`root_title`	"Steem Power required to increase an upvote $0.01 in value"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	1,206,690
`net_rshares`	0

@sizil · Sep 11 '16

Thanks for the info....made me realize that I am long way from my vote being worth $0.01 :-P

properties (22)

`author`	sizil
`permlink`	re-seanmclellan-steem-power-required-to-increase-an-upvote-usd0-01-in-value-20160911t070754140z
`category`	steemit
`json_metadata`	{"tags":["steemit"]}
`created`	2016-09-11 07:07:54
`last_update`	2016-09-11 07:07:54
`depth`	1
`children`	1
`last_payout`	2016-10-12 09:57:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	92
`author_reputation`	64,168,495,356
`root_title`	"Steem Power required to increase an upvote $0.01 in value"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	1,205,983
`net_rshares`	0

@seanmclellan · Sep 11 '16

You're welcome -- we'll see if the calculations hold up, though.  I'm skeptical, so far.

properties (22)