MAP Rewarder: Distributed Rewards for 7 October 2018

This week's distributed profits are 0.400%.

Because of this exceptional fortnight on the Steem blockchain, I feel that the APR equivalent is almost meaningless, although it comes to 20.9% over two weeks.

There also seems little point in comparing our income with the bidbots listed on iSteemd as they too have suffered down-time and a drop in activity. More news and views below.

The values below that relate to the Steem blockchain are now given as 7-day averages to give a fairer picture of what has happened during the whole week. The MAP Rewarder rates are for a two-week period due to the effects of HF20.

Let's lay out the different percentages to make them clearer. These are all calculated in terms of STEEM per SP.

Gross turnover inc. payouts = 0.482% (APR 25.2%) [1]
Gross income ex-payouts = 0.471% (APR 24.5%) [2]

Value of Steemit upvotes = APR 30.9% [3]
Value of Steemit rewards payouts = APR 21.9% [4]

Distributed MAPR payouts = 0.400% (APR 20.9% or about 10.5% per week) [5]
Total MAPR payouts = 0.411% (APR 21.4%) [6]

[1] Gross turnover generated for the week.
[2] Gross income minus the random free upvotes, SBI shares given to delegators and MAP upvotes.
[3] Theoretical maximum value of Steemit upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR.
[4] Theoretical value of Steemit upvote rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[5] MAP Rewarder distributed payout sent to delegators this week; this is 85% of [2].
[6] Total payouts for the week, equal to {[5] + [1] - [2]}.

Comparisons are difficult for this distribution, but just notice that the Steem blockchain is now generating very large upvotes; the figure quoted is the 7-day average, but today the value of [3] has risen to about 36%.

Just to say that the two weeks have been contrasting, and that income generated has been about 55-45 in favour of the first week. The week during HF20 saw a loss of activity of about 5 days but automated transactions such as reward payouts were still being processed. In contrast, the second week saw a big drop in rewards because of little activity in the preceding 7 days, so that income was generated from trading votes. I actually staggered our upvotes during the recharging period in anticipation of a rise in upvote values; this has made a small but positive difference.

Overall, the earnings over 14 days are consistent with an average loss of 5 days at maximum power.

Profits will be paid today to SP delegators in STEEM.

Benefits of Delegating to MAP Rewarder

= a high weekly payout in STEEM. Our returns are higher than many other income sources on Steemit - just compare our returns with various bidbots. On top of this weekly payout, we have:

= free upvotes to delegators. These are currently set to come from the @accelerator account. These are "bonuses" and can add a significant return, especially for smaller SP delegations.

= random free full upvote and free SBI share once per week. See our recent Free Vote Friday and Free SBI Saturday.

So, three different sources of rewards plus a high weekly payout!

I hope this will stimulate some further delegations and will help some users make a significant return on their SP. But please remember that the first distributed profits will be received on the first Sunday after 7 day from the time of delegation - the cut-off is midday GMT on Sundays.

How to Delegate to MAP Rewarder

To delegate SP to MAP Rewarder, please read our Introduction document.

You can also delegate using these links:

10 SP, 20 SP, 50 SP, 100 SP, 500 SP, 1000 SP, Other.

If you do not have spare SP to delegate, then you can still follow our Curation Trail or Fanbase on SteemAuto (or follow us on Steem Voter), and gain some higher-than-average curation rewards.

News

I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!

Much of what I used to write here in the News section can now be read at the top of the article as addenda to the table.

All our percentages are calculated like-for-like based on STEEM so that these are real returns in STEEM per delegated SP (which is also priced in STEEM).

A reminder that we have two missions: to be profitable to delegators and to support our MAP Curator Trail and thereby improve the quality of posts on Steemit. The @accelerator account, ignoring the delegated SP, is growing slowly but steadily and forms the basis of our upvotes to curators who are in the MAP Trail.

Important News

Much has been discussed about the loss of activity during HF20 and most people seem happy that they are back at full strength, posting, commenting and voting. The one thing that is now happening is the huge increase in the value of upvotes. As of today, an upvote is worth about 36% APR compared to an average of 22% over the last couple of months - please read this article for more details. The reward pool has now reached over 1 million STEEM compared to a recent average of 700-740k.

All of this is mainly due to the 5 days loss of activity. However, this should peak within the next day or two and then slowly come down. I expect this to be slower than the rise as I also notice low activity on the bidbots and there will also be some effect with some author curation rewards being returned to the general reward pool.

All of this means that rewards and upvotes are currently worth some 80% more than just 2 weeks ago. This is good for those who are posting and receiving upvotes, as well for curators. We shall see how long this lasts.

Next rewards distribution will be on Sunday 14 October.

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Please Comment, Resteem and Upvote. Thanks!

@rycharde manages the AAKOM project and the MAP Trail.