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 --- A GOPHER-LIKE INTERFACE FOR HIVE BLOCKCHAIN ---

Research in progress (Part 3)

BY: @danielfs | CREATED: May 10, 2019, 1:19 a.m. | VOTES: 53 | PAYOUT: $0.22 | [ VOTE ]

This time I have made a simple table which calculates the % of SBD/STEEM that should be printed.

I think I'll need a few more calculations to conclude this spreadsheet. It is not going to be a sophisticated thing however I hope that it becomes good enough to have a full picture of the landscape.

[IMAGE: https://cdn.steemitimages.com/DQmaHAbAXAErUgVb5TpQeckpxCzA99e2rTEZMYewkwFYtEm/calculations3.png]

TAGS: [ #sbd ] [ #steem ] [ #printing ]

Replies

@fucho80 | May 11, 2019, 7:36 p.m. | Votes: 0 | [ VOTE ]

Big effort brother, go ahead very useful what you do.

@jadams2k18 | May 13, 2019, 11:49 a.m. | Votes: 0 | [ VOTE ]

Thank you very much for the delegation of power. Now I will be able to increase the vote for the comments and post. I am really very grateful. https://i.imgur.com/JVq026b.png

By the way, what is this Excel sheet for? What do you calculate with it? How does a post get its reward? https://i.imgur.com/9JDyAnn.png

@danielfs | May 14, 2019, 1:46 a.m. | Votes: 0 | [ VOTE ]

Hi jadams2k18!

The spreadsheet is to calculate the % of SBD/STEEm that is printed (created). for example, there are $5000 to be distributed as rewards: 50% is distributed as SP and the remaining 50% is distributed as STeem or SBD, depending on the debt ratio.

As far as I know, post's rewards depend on votes and the weight of the vote. You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

@danielfs | May 14, 2019, 1:52 a.m. | Votes: 0 | [ VOTE ]

Rewards come from inflation

@jadams2k18 | May 14, 2019, 3:18 p.m. | Votes: 0 | [ VOTE ]

How so? And excuse the questioner. https://i.imgur.com/Pn6ketp.png

@danielfs | May 16, 2019, 2:46 a.m. | Votes: 1 | [ VOTE ]

Every time a block is created, steem is created too. New steem are distributed to witnesses, authors and curators (or bots, jajaa)

@jadams2k18 | May 16, 2019, 2:56 a.m. | Votes: 0 | [ VOTE ]

I see, so that's how STEEMs are born. https://i.imgur.com/tGX3sRB.png

I've never really been interested in knowing where they came from til now

@danielfs | May 17, 2019, 2:14 a.m. | Votes: 0 | [ VOTE ]

This is from the blue paper:

> The rate that new tokens are generated was set to 9.5% per year starting in December 2016,
and decreases at a rate of 0.01% every 250,000 blocks, or about 0.5% per year. The inflation
will continue decreasing at this rate until it reaches 0.95%, after a period of approximately 20.5
years.
Of the supply of new tokens created by the Steem blockchain every year, 75% of those tokens
compose the “rewards pool” which are distributed to content creators and content curators.
15% are distributed to vested token holders, and 10% are distributed to Witnesses, the block
producers cooperating inside Steem’s DPoS consensus protocol.

@jadams2k18 | May 17, 2019, 2:50 a.m. | Votes: 0 | [ VOTE ]

This means that there is a fixed amount of STEEM to be created up to 20 years from now. And most of it is for rewards. Nice!

@jadams2k18 | May 14, 2019, 3:19 p.m. | Votes: 0 | [ VOTE ]

> You get 50% as SP and the remaining 50% as SBD or STEEM as mentioned above.

I can usually see it before the 7 days are up, but in the end you get less than you expect.https://i.imgur.com/973VbOO.png

@danielfs | May 16, 2019, 2:47 a.m. | Votes: 0 | [ VOTE ]

The amount that you see is an estimation in terms of SBD and changes daily.

@jadams2k18 | May 16, 2019, 2:52 a.m. | Votes: 0 | [ VOTE ]

No wonder there's so much difference between reality and what's estimated https://i.imgur.com/82CCNIE.png

@danielfs | May 17, 2019, 2:08 a.m. | Votes: 1 | [ VOTE ]

I think i made a mistake. According to this article, what you see in your post is not SBD but STU (Steem tokens units). There is detailed explanation in that post.

@jadams2k18 | May 17, 2019, 2:51 a.m. | Votes: 0 | [ VOTE ]

Thanks https://i.imgur.com/QLqueX3.png

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