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RE: How do steem rewards work?

in #cryptocurrency • 7 years ago

So basically, if you have a lot of Steem Power, and a lot of Voting Power then you are able to upvote many "older" posts and simply earn money from it? :D
I have seen some huge votes, like 10 dollars and more, that means that they get 10 steem bucks for each 4 clicks ....

7 years ago in #cryptocurrency by
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     7 years ago 

    Hello Sleepdeeper,

    First of thank you for showing interest in my post! Secondly: yes, that is why there are many bots who acquire a lot of voting power, and then sell of their votes. The voting power can be acquired by people who are delegating their Steem Power for example. I do think that there is some cap preventing the earning if post are really old, not sure about that though.

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