I've seen a lot of people not quite understanding how the voting slider bar and their vote power percentage effect things, so I wanted to break it down a bit in a clear way. I'll flat out admit that the naming conventions alone make it somewhat confusing.
Vote Power Percentage
Where to I see this?
This is something we don't actually see on Steemit (though is a really nice feature provided on @good-karma's esteem app) itself right now, but instead can be seen on other sites like Steemstats, SteemD or SteemDB.
- On steemstats you'll have to add your user into it (you can add more than one)
- To find it on SteemD, just change the 'it' in steemit to 'd' when looking at your blog. For example, my blog is www.steemit.com/@sykochica, so my SteemD is www.steemd.com/@sykochica
- SteemDB is just like above but adding a 'db' instead of the 'it' in steemit. Mine for example is www.steemdb.com/@sykochica
Ok, I see it..So what does that vote power percentage do?
As you vote, your vote power percentage goes down. As it goes down, it makes your full (100%) votes have less impact, giving less to authors and receiving less in curation rewards. Over time, your voting power regenerates, approximately 20% a day or a full refill after 5 days.
Right now, if we vote 40 times or less in 24 hours, the regeneration rate keeps up. So if you started at 100% vote power, cast 40 100% votes all at once, you'd go down to about 80% power. After 24 hours with no additional votes, you'd be back up to 100% vote power.
[NOTE: The proposed hardfork 0.19 will change this to allow you 10, instead of 40, full votes while letting the regeneration rate keep up. I wrote a bit on this here.]
Voting Slider Bar
Once a user reaches 1 MilliVest (which right now equates to 482.398 Steem Power), they will gain access to the vote slider bar. This lets you determine how much of a vote you want to give a person. Since we have a limited number of full (100%) votes a days without it effecting our voting power, sometimes we want to give a partial votes to more people.
For example, we could give out:
40 - 100% votes
80 - 50% votes
400 - 10% votes
or however you want. They don't all have to be the same percentage.
Or we may determine that a long, though out post that looks like it took hours to put together is worth more of a vote than a meme. The slider bar lets you control things to a finer degree.
An Example Putting it all Together
So, let's put this all into a single example so you can see how they come together in the end.
Say your full upvote at 100% vote power give $2.
You cast a 25% vote (using the slider) on a post, while your vote power is at 50% (because you've been voting A LOT over the last few days.)
First, your vote power: $2 * 50% = $1
Next, your 25% vote from the slider bar: $1 * 25% = $0.25
So your $2 full vote at max power, give 25 cents when giving a 25% vote at 50% power.
Feel free to ask any questions on this or any topic.
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