A quick search on Steemit and you will find many posts and conversations on Steemit about the distribution of SP. Many people find that Steemit does not have a ‘fair’ distribution of power and wealth.
Are Steemit Inc addressing this issue and if so, how effective are their plans working.
Misterdelegation was set up in September 2017 and granted. The account currently owns 16,559,790.86 SP and delegates out 11,422,733.67 (shit that still leaves loads more to delegate…)
The delegations, see below shows the accounts that are in receipt of delegation from misterdelegation, the data the power was given or adjusted, the SP delegated and the value of the vote associated with the delegated SP
If you have not yet noticed, these are apps or services built on the Steemit Blockchain. With SMT’s on the way, I am not surprised that Steemit Inc are supporting projects. But how effective are these accounts at spreading the rewards around the blockchain?
To find the answer to this question, I have taken data from Steemsql for the 1-14th February 2018
Over the two week, @esteemapp has voted the most with 13842 votes, that’s 36% of all the votes given out by these accounts, however the average vote weight is only .55%. This equates to 4.15% of the payout value on all votes given by these accounts collectively. Of the power delegated by misterdelegation only 4.38% of this is with @esteemapp
Here are some of the authors rewarded by @esteemapp sorted by the total vote value received (vote worth)
@zappl, also with 4.38% of the delegation have voted 7007 times for 1540 different authors. The average weight used was 1.85% and this equates to 4.23% of the vote worth distributed to 14.68% of the authors
Here are some of the authors rewarded by @zappl sorted by the total vote value received (vote worth)
@mack-bot seems to be a flagging account, which I had never heard of before. (Shout out to @abh12345, could this be a bot to warn other bots?) With only .09% of the power delegated, it’s given out 11% of the votes, to only 103 accounts.
Here are some of the authors fagged by @mack-bot sorted by the total vote value received (vote worth)
@utopian-io has 8.9% of the delegated power and have given out 18.28% of the votes to 9.51% of the authors reached. The average voting weight used is 3.15% and utopian have handed out 35K in rewards. That’s 13.2% of the total rewards given out by these accounts.
Here are some of the authors rewarded by @utopian-io sorted by the total vote value received (vote worth)
@spaminator help keep steemit clean and downvotes spam. With 8.7% of the delegated Power they have down voted 338 authors with 1909 flags returning $14,403 to the rewards pool
@dlive has the largest portion of the delegated power holding 18%. This 18% has been used to give rewards of over $97K, that’s almost 37% of rewards given. 1648 posts have been rewarded for 376 (3.5%) authors
Here are some of the authors rewarded by @dlive sorted by the total vote value received (vote worth)
@dsound has 8.6% of the delegation and has cast 3.7% of the votes for 3.25% of the authors. The average voting weight used was 7.9%
Here are some of the authors rewarded by @dsound sorted by the total vote value received (vote worth)
@steemcleaners with 13% of the delegated power as flagged 1209 accounts and returned $25.4K SBD to the rewards pool
@dtube has voted 1017 times (2.6%) for 4.24% of the authors. Holding 17.5% of the power they have given rewards of $73K SBD (27.27% of rewards)
Here are some of the authors rewarded by @dtube sorted by the total vote value received (vote worth)
@dmania holds 4% of the delegated power and has vote on 1.6% of the authors reached giving out 7.5% of the rewards
Here are some of the authors rewarded by @dmania sorted by the total vote value received (vote worth)
@sndbox also holds 4% of the delegated power but has given out over 9% of the rewards to 2.5% of the authors.
@busy.pay also hold 4% of the delegated power and has given out 0.29% of the rewards to 3.6% of the authors with a total of 545 votes at an average 0.97% weight.
@trendings-grace and @binance-hot have not used their power for votes yet.
SP Ratio Score and Delegatee Ranking
With all of this data is it hard to establish which account is most effective with their delegated SP. So I have used this data to devise a scoring system.
The table below shows the % each accounts contributed to the group overall in terms of % SP, % rewards $, % of votes and % of authors.
From here (highlighted in pink) I have calculated some ratios against the % SP. Each of these ratios have been added together to provide a score from which I can rank the delegates. This is the SP ratio score.
Congratulations to @mack-bot. Holding only .09% of the delegated power and having carried out 11% of the total number of votes (flags in this case) the %vote/%SP ratio is 129.58:1
In second place is @esteemapp scoring particularly well with the %author/%SP ratio and rather well in the other two.
Conclusion
It appears that Steemit Inc are making an attempt to address the issue of fair distribution by delegating SP via misterdelegation. However there is still a substantial amount of SP held by misterdelegation that is not yet delegated out.
So far this delegation has gone to development projects and keeping steemit clean. I understand that @ned would like to sponsor new APPs especially with the launch of SMTS. But why wait @ned? This delegation could be put to good use now and then taken back when there are new development projects you would like to help finance. So just go for it. This would be a massive step in helping the growth of Steemit. And there are two projects you might not be aware of. Once of which is @stellabelle @slothcorn project and the other project is @steempunknet from @jedigeiss and @dehenne
To the delegates – congratulation on the delegation and I hope that your app helps take STEEM to the moon. You can check back here weekly to keep an eye on your stats and score
As for the data – well when I finished the analysis I noticed one short coming. The level of activity on each of the apps will impact the number of votes given and the number of authors and could also have an effect on the rewards. So stay tuned because I will be looking at this data on a weekly basis and reporting back here and next time I will include activity.
I am part of a Blockchain Business Intelligence community. We all post under the tag #blockchainbi. If you have an analysis you would like carried out on Steemit data, please do contact me or any of the #blockchainbi team and we will do our best to help you...
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