One actually pays more than the other right now! Can you guess which one?
Q: What do these payout options mean?
Near the bottom right corner of where you type up your posts in Steemit's editor, you'll see a drop down box labeled Rewards letting you decide how to where to put what you earn. The three options are:
- Default (50% / 50%)
This is the option that's set for you at the beginning. When selected, the earnings made from that post (after taking out the cut for curators, typically 20-25%) have half given at Steem Power (using the 3.5 day average price of Steem) and half as Steem Dollars (which can be spent, traded, cashed out or powered up immediately if desired.
- Powerup 100%
The powerup option will put all earnings from that post into you wallet as Steem Power.
- Decline Payout
This option is just like it sounds. You will not earn ANY payout on this post.
Q: Which payout option should I pick? You told me one pays more?!?!
Short Answer: Right now the Default (50% / 50%) option actually gets you more money.
Why you ask? It's because when you are paid out in Steem Dollars, it's being given at the rate of 1 SD = $1. But lately, Steem Dollars are selling for more, right now being at $1.50. It had been around $2 for a while up to a day or two ago.
When you choose the 100% Steem Power, it just uses the current price of Steem, not letting you get the extra value out of the current Steem Dollar!
Choose the 50/50 split for reward payouts while the Steem Dollar is worth more than $1 US dollar!
Feel free to ask me anything. I'm here to Help!
Previous Helpful Posts for Newbies
❓Answering Common Questions: Reputation and Flags! What's this Number by my Name? #️⃣️
❓Answering Common Questions: Steem, Steem Power, Steem Dollars and What Should I do with them? 💲
What's this Slider Bar and Vote Power Percentage? What's the Difference?
Why Newbies Should be Excited about the next Hardfork
Answering Common Questions about Voting and Curation
Don't Miss the Show! Follow the Steemit Talk Podcast (STP) Account
New STP Website!!
Are you new to Steemit and Looking for Answers? - Try https://www.steemithelp.net.
Image Sources:
Guy Fawkes with Euro