Sorry for being a noob. I've just bought into the steemit vision. I have to say i'm not a blogger or content creator. I love reading great content and thought by joining steem I'm supporting these content creators.
Another reason for buying into steem is steem power. I've got no clue how the dividend payments are calculated.
I've found a few answers but based on my dividends both of them does not seem to tally up.
I've taken a years interest. I'm thinking of HODL'ing for 2-3 years at least but taking 1 year as an example.
in summary it give you almost 800 percent or almost 9:1 100 steem power generates ~887 steem power in a year
You will get for 100 steem power in a year ~350 steem power
According to them: Steem power accumulates interest at a rate of 0.0066% per day hence 0.000004583333333333333% per minute
I've put it in this calculator: https://dragonfrugal.com/demos/steem-power-interest.php
And if my maths is correct. For 100 steem power i will get 102.409 steem power.
So as far as my deduction goes. 1 is way too high to be sustainable. 2 seems about right. And 3 i might as well FIAT and bank it.
Anybody can once and for all categorically tell me how and what my real dividend will be in a year?
Thank you.
