As expected the reward pool is going down today. But where will it go?
Today as expected the reward pool is shrinking instead of growing.
The payouts of posts made 7 days ago are due today and the reward pool is paying more than is coming in. I wrote about that here. (It's a theory).
If you want to see for yourself how much is in the reward pool you can check the website steemd.com (it's on the right side under Rewards fund, also if you refresh you can see it changing).
We did manage to reach a million STEEM this morning before it went down. I think that could be a record.
But it has now dropped to
It's hard to tell how far it will drop before we reach balance. Many things have changed around here.
But for now just expect your vote to become worth a little less and the potential payouts to drop as well to avoid disappointment :)
Other reasons the reward pool has grown so much is that part of the curation rewards from votes before the 15 minute mark are put back into the reward pool and Spam accounts have less chance to nibble away at the rewards as well (due to running out of RC credits).
I find it hard to guess how much effect that will have on the growth of the pool and therefor it's hard to tell where we will end up.
Of course like most I'm hoping it will find balance fast.
The rewards of the last few days have been great for everyone and a nice extra for the people that kept blogging!
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Yes bro here is lot of changes.
Awesome while it lasted, hopefully it stays higher than before!
I hope the same! Let's see. Right now it's at 981,606 STEEM.
Yesss...
All in all I think these changes will bring a lot of benefits to the ecosystem in the long term
Wouldn’t it also be the HF had less people active and competing for rewards so it’s also built up over that time and will start to reduce as people find their way back to the platform? My feeds have sill been pretty quiet compared to before the HF
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I agree and the reward pool could possibly remain proportionately bigger because plankton and minnows will not be as active (due to low RC) - so there will be less people in the reward pool.
That was historic a new high it will go down drastically now but will be interesting to see how much activity it will bring back on the platform :)
Mark @exyle I am Really Glad I put UP posts all last Week when everyone was frustrated more Steem Power to be made................
While this may be true in the short term, all should have in mind that the fact that STEEM remains below $1 provides a great opportunity to earn more rewards in SBD to convert in Steem Power. You also will get more per $1 earned so it should not be a sign to reduce engagement, instead increase it!
It's like Lei long ago those who remain active in the community despite the bad times are those who will have the best rewards so to speak! But it's interesting to know all this
This is all really cool to follow. It will be interesting to see over the long run how much that change to the 15 minute mark will have on Steemit. Thanks for keeping us up to date as you always do!