Since HF20, many of us are confused by how the rewards work. I've decided to create a new breakdown of the reward structure. Here the simplified explanation with illustrations.

STEEMIT Reward Breakdown

To demonstrate the effectiveness of the 50/50 reward structure, We need to assume a $2.00 SBD price. When the price of SBD is high, using the 50/50 reward option gives you more returns for your work. See in the illustration below how a $20 vote turns into a $22.50 USD value reward when the price of SBD is at $2.00.

Author 50/50 Reward Breakdown

100% reward option is good when SBD price is at or below $1.00 price. The returns are essentially the same and this option really depends on if you really want SP vs SBD.

Author 100%SP Reward Breakdown

HF20 reduced the optimal curation time from 30 minutes to 15 minutes. If you vote before 15 minutes, you hand over some of your curation rewards to the author.

Curator Reward Breakdown

If the Author votes before 15 minutes, some portion of the author's curation reward is returned to the voting pool. This encourages the author to wait at least 15 minutes which gives everyone else a chance to vote on the blog to get a larger percentage of the curation rewards.

Author Curation Reward Breakdown

Curation Simplified

I hope you enjoyed reading my Blog. Please remember to Upvote, Resteem, and Follow. Thank you.

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For a breakdown of Steemit Keys:

@socky/do-you-understand-your-steemit-keys

For a breakdown of why Steem Power is Important:

@socky/why-is-steem-power-important-beginners-read