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RE: Why you are looking at the completely WRONG numbers of your posts payout.

in #newsteem5 years ago (edited)

It's even worse than that. The author's cut if 50%. Also, the number is in STU's (Steem Token Units). Because the price of one SBD is currently about $0.62, you have to multiply the number with 0.62 to get the USD value of the post. If you know only the "dollar value" of a post, you need to use the SBD feed price which is currently about 21 cents to calculate the number of STEEM you get.

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I'm aware of the cut, I also mentioned that in the post. But I'm not entirely sure what you mean with the rest?

On the "standard" steemit platform it does specify what you get in SBD, steem and steem power. It just doesn't show in the front as default and a lot of people seem to miss that.

I think I'm just misreading your post a bit here :-)

I am aware though, that for example on steempeak it is calculated in STU which makes it all even more complicated lol.

The system calculates an estimate of the dollar value of a post using not the actual external price of STEEM as a basis but the feed value of it, which in this case is about 21 cents instead of the actual value which is about 13 cents. Witness servers set the price feed value. Look it up on SteemWorld under the Market Info tab under the uppermost tab on the main page.

What I'm saying is that the actual dollar value is even less than the value shown, which is one more reason to ignore it. You brought up the main reason in your post.

Now I understand, that's actually really interesting, rarely ever gave that a thought but yeah, that complicates things even more and make the dollar sign even less reliable

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