Voting Power Influence - How & When To Stop Part II

in #cryptocurrency7 years ago (edited)


Still for many people Upvoting and Voting Power is still not understood by everyone, especially the new users. In this post I will try to explain it so everyone understands it.

Upvoting is a big part of the game, and it's fun and we like to see our upvotes make a difference. The more powerful your upvotes the more courage rewards you get. I want to use an analogy to explain how it works.

I want to use a boxer as an example.


Vote Influence


As a beginner, you start weak. Your punches do not hit as hard as a professional boxer, and you do not always know when and where to punch, but you keep in mind that if you train more, you get stronger.
Training will make you stronger. To work with your punches and make them harder, you need STEEM POWER. The more STEEM POWER the harder you will hit.

The more STEEM POWER you get, the more influence your upvotes will have and the greater your rewards will be.

MORE STEEM POWER = Greater influence and more rewards


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Voting Power


Like any other boxer, you can not keep hitting forever. The first punches are the strongest. They connect with most of your power.

The voting power decreases with each vote, and when you start with 100%, the vote will reduce your power by 2% per vote.

Once you have thrown punches left and right, you begin to drain yourself and you become less efficient with each punch. As you know, nobody can keep hitting and expect to have the same power behind each punch.

As your Voting Power goes down, so does your voting influence. The less Voting Power, the weaker your upvotes.

When a boxer's energy is drained, he eventually stops fighting and recharging. No boxer is fighting every day. They have to rest and after a while they will be able to turn 100% of their power back on.

Your vote will be recharged at a rate of around 20% per day. If you interrupt your voting, it may take some time to recharge to be 100% again.

Boxers will drain too much if they struggle too long and then it will take longer to recover. They must fully regain before the next match, otherwise they will not be punching at 100% of their true potential.

Do not empty your Steem Power to levels below 80%. Your votes will have less effect, the lower your vote will be. Instead, take a break. Enter the post you've been thinking about, and let your vote regenerate to ensure that your voices and rewards have the maximum effect.

The golden rule is 11 vote per day for maximum efficiency. Keep in mind, the more your vote affects an entry, the more you will be rewarded.

Here's how to view your vote:

Thanks to @penguinpablo that have created steemnow.com & latest steemblockexplorer.com

That makes it easier for us to view:

  • Real-time updates of all stats
  • See who is upvoting your posts
  • Your latest curation and author rewards
  • A total of today's and yesterday's rewards
  • Know your voting power in real time
  • Display of your reputation with 3 decimals
  • Display of your available Steem, SBD and Steem Power

On steemblockexplorer.com:

  • The latest blocks produced by the Steem witnesses.
  • Blockchain properties
  • Reward pool
  • Top 20 witnesses

And more.

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copysteemit.png

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Test your voting power on this comment

You want to know your current voting power?
Just upvote this post and Steemit will show you how worthy it is! :D

:) Thank you for your helpful article! Just started on Steemit and already love it :)

This is my earning You can earn This site??coinbase-app-to-select-send-receive-bitcoin-mobile-app.png

haha - that was fun. And I am at 44% voting power. The advice in this post is only for people with very little Steem Power. Everyone else should be voting a LOT. Each 100% vote reduces your voting power by 2%. So your voting power follows a curve, not a straight line. As you vote more, your power goes down less, in absolute value. 2% of $1.00 is less than 2% of $2.50. So if I start at 100% SP, my 40th 100% vote reduces my voting power by a lot less than my 3rd 100% vote.

we just stick to a simple logic - nice, interesting, thoughtful post = upvote

Yes you are right! :) Pretty interesting to understand the technology behind Steemit :D

good idea. Because I am a new user I saw my upvote increased the value by .02. interesting.

thanks for information on steem power work😊

I sometimes bring my voting power down quite a bit. If there is content I like or users I actively follow I don't care so much about my own curation rewards. I would like to keep it above 80% but I mostly range around 50.

Fair enough, always nice to spread some love with everybody

God, I could watch that all day.

seriously...

Cool, funny

I think exactly the same thing .. I have fallen actually to a little bit below 50% VP, but I believe I will recover in the near future .. for now I wish to give back to the community as I received much support when I first got here.
Nice what you say here..+1

always nice to spread some love with everybody

He never really said how to get more steem power. Can you help me out on that? Also what does the number next to your name mean? Example I'm 25 your 58?

You get more steem power one of two ways:

  1. Automatically once your post matures, you can get 50 or 100% of your earned rewards put directly into your steem power. This will happen promptly after your post has been online for 7 days.
  2. You power up. You can take your SBD earnings, convert them to steem on the market, and then click on "power up" in the dropdown menu next to the amount of steem you have in your wallet. This will move your steem directly to steem power.

I went to something like 30 on my first week here but luckily I learned quickly not to do that again

I still remember getting into this platform 3 months ago (totally newbie & redfish as per stemitboard) and reading your first post about how to upvote..
It did help me a lot, taught me to me noble, patient, to wait and it strongly confirmed my opinion about not over doing any actions on the platform. We have to respect steemit, the way we would respect our friend, our partner.
Thank you for your amazing posts, I am resteeming this for my friends too as a reminder!

p.s. I practice TKD so I could well relate to your 'boxer' example : )

Btw I have also 1. dan in TKD, so you can easily call me kjosanim :-)

"Taekwon Kjosanim"; I am about to go for my half green, minnow there too! :)
We practice WTF ( what is called World TaeKwonDo now)
I hope to continue, there is so much to learn ..
(was thinking of starting a serious of blog posts about it, we'll see...)
Thank you so much for replying, I highly appreciate it!

Oh okay :-) My pleasure.

I try to limit my voting because I’m so new but I see a lot of good content with very little attention so I can’t help myself but vote 🙊, even if my vote barely counts. I think encouragement for beginners is important for the platform as a whole. At least people like me (who make very little $ in the beginning) feel like their stuff is being seen.

Amazing work... I remember when I joined this platform on November of 2017 when I struggle to understand all this. This is very helpful to the newbies.

Thank you!

Thanks for your upvote, hope you visit my page and help me understand how to improve and get more upvotes.. Really appreciate your help.

This is my 2nd day on steemit. Your post helped out a lot, I was worried that I overdid on my voting. looked up my voting power from the link above. Still trying to figure it out but I cant help up-voting when I receive a comment on my posts/ reply's . Have to share the love and will keep doing that. Thank you for the help info. It makes a Hugh difference

Great! you are like me. This is my third day. Just trying to learn!

Thanks for sharing. I really like your example, using the boxer. With that it's more easy to understand. I'm still a new user on steemit and I'm still finding it hard to understand how everything here works. But thanks to posts like yours and also from many other helpful steemit users, new users like me don't feel left behind. Keep up the good work.

My pleasure.

This is really helpful, especially for new users like me. Thank you for sharing your knowledge with us!

My pleasure

Hi tradewonk,

thanks for the explanation. Helped me a lot. I have a question also:
Since I'm fairly new and have less steem power, it looks to me that sometimes I vote (even when I have 100%) the reward for the author seems to drop. Gave me the feeling that an upvote from me doesn't help the author at all.

So should I even upvote as long as my steempower is this low?

Yea i can see you have less than 1 steem power, that's almost nothing, and that's why your steem power have almost no affect. You can upvote to show your support. For people who upvotes or comment will also get a part of the post reward.