How well are you curating financially? Are you making the best use of your Steem Power and votes?
This is a follow up post to a blog I wrote last week which looks at a possible method to work out just how well your curation skills rank against other Steemians.
Curation and it's rewards system is a complex beast. The structure of the how the rewards are decided upon for each voter have been explained many times in detail, and here's two I found (via google search, well done @calamus056) which I think do a good job:
https://steem.io/getinvolved/paid-to-curate/
@calamus056/curation-rewards-explained-in-great-detail
My takeouts from the above, and general opinion is:
Voting in the first minute will earn a curation reward of almost 0.000
Voting between 1 and 29 minutes will earn an increasing % of the curation rewards split, this value peaking at 30 minutes and remaining the same from this point onwards
The goal is to get in prior to the big hitters, but not too early in that your % in the 2nd point isn't too low (e.g. 15 minutes - approx 50%)
It is commonly suggested that 25-30 minutes is the 'best' time to vote (especially on known power-authors posts because they are likely to have more auto-votes coming in at these times)
As you can see, a combination of many variables such as Steem Power, voting strength, voting weight, and time of vote, (and more) all play a part in the amount of reward received. Is there a skill to it though? And how well I am doing?
I have used the following method to obtain what I need for this report.
Use steemit.com Wallet to collect Steem Power and + or - the leased/delegated steem
Use the 'Rewards' drop-down menu to find 'Curation rewards' for the previous week
Therefore, my data is gathered manually and the curation period is only for the previous week.
This is obviously not ideal and reduces the potential to widen the results set - maybe I can get some help with this, anyone?
This weeks result set with added users who showed interest in last weeks' blog:
The key columns are:
Curation: Total curation rewards for the previous week
SP Total: Total vested Steem Power (including delegated SP)
Curation/SP %: The % of curation rewarded Steem Power in relation to amount of Steem Power owned
This final column is what I feel is a genuine indicator of how well you are working the curation game with the tools (including vested Steem Power) that you have at your disposal.
Imagine you have 10,000 Steem Power, and I have 1,000 Steem Power.
After a week curating, the rewards for both of us are 1 SP each.
In my mind, I'm working my Steem Power 10 X harder - If you, in this example earned curation rewards of 10 SP, then I would say we were curating with equal skill.
The % of curation rewarded Steem Power in relation to amount of Steem Power owned
Firstly, well done to @buggedout for topping this weeks' chart!
And well done to @dandesign86 for a huge improvement in curation this week!
Last weeks 'winner' @osm0sis was not as active this week and this has shown in her numbers
In the bottom 5 we have the lowest % of 0.01515 by @good-karma, and not far ahead @pharesim with %0.03749
The difference between the highest and lowest %'s is a staggering 25 X better ratio!
It's still debatable if a very large amount of Steem Power restricts curation performance using these figures
I consider it not very profitable if you were to trail @good-karma or @pharesim
If a user has powered down or powered up a lot of Steem in the past week, the results will be skewed
I'd love a better way to gather this data and am willing to pay (anyone?!)
A few points:
If you have spotted any glaring errors in my post, please let me know so I can fix them.
If you would like to be in my personal curation league (next weeks' post) let me know
If you have any other comments, please let me know below
My voting power has reached 85% (hurrah!) after a month below 50's - sorry for being mostly absent the last 4 days
We move to Mallorca in 2 days so are super busy packing our lives up, again!
Steemfest is only a month away!
Nepal is 5 weeks away! (more on Nepal, Steemfest, and Mallorca when I have some time)
And finally...
- I feel that curation should be about finding awesome content and giving it an up-vote, irrelevant of the curation rewards you might receive.
Thanks for reading today
Asher
