How to vote on Steemit and some wrong ideas about voting
I am going to clear some incorrect opnions about the voting system of Steemit. For example:
- You should vote from minute 20 to minute 30.
- You should always be the one to vote for your post first.
- Your curation reward will depend on the value of the main post.
...
I have spent 2 weeks reading and using (Steem-Python)[steem.readthedocs.io]. For anyone who doesn't know about Steem Python, this is the official API for programmers and developers to develop Steem system.
Here is how the voting system work:
If you vote from minute 0 to minute 30, your curation reward will be penalized. For example, if you vote from minute 25 and the curation reward for you is 1 SBD. What you would get is: 1 * 25 / 30 = 0.833 SBD.
If you vote from minute 30, you will get the full reward.
Therefore you should always vote from minute 30. After that, you will ALWAYS get the full reward no matter you vote from 2 hours or 5 days
Don't hesitate to vote for OLD POSTs because you will always get full rewards.
Curation reward
Your curation reward depends ONLY on your VOTING POWER, your STEEM POWER and your VOTING TIME, and the voting percentage also (if you have more than 500 SP, you will be able to divide your vote)
Therefore no matter the post is 0.02 SBD or 100 SBD, your reward will always be the same after minute 30. You cannot expect to get more than that. Other reward of the post will go to the ones who have more SP power than you.
For example, I have 15 SP now and 100% voting power. The reward for my vote is only 0.001 SBD.
Don't try to look for high-value posts to vote just for a better reward. You will always get the SAME REWARD.
Because of that, whether you vote for your post first or not, it DOESN'T MATTER, when you vote first, you even get into the first 30 minutes and you will not get the full reward.
You will always have to share 25% for the CURATION REWARD.
The strategy is:
- Vote when your voting power is as high as possible. Visit steemd for that information.
- Vote after minute 30.
I will show you a clear example about the voting system on the next post.