How much money do I need to invest in Steem to reach a certain vote strength?
$400 worth of Steem right now: One Million Vests, Your vote is worth about half a cent.
$4,000 worth of Steem right now: Ten Million Vests, Your vote is worth 4 cents.
$40,000 worth of Steem right now: One-hundred Million Vests your vote is worth 40 cents.
$400,000 worth of Steem right now: One Billion Vests, your vote is worth 4 dollars.
It continues up from there $800,000 or 2 billion vests would be a vote strength of 8 dollars.
When you see whales on Steemd and their account says things like 1,000MV that means One-thousand million vests or One Billion Vests. Keep in mind if the dollar value of Steem doubles so does the dollar value of your Vests , your vote and the cost of attaining new Vests .
Edit: This forgets to mention when you vote on certain things Your vote can count for more money than normal. My vote is worth one cent but if I vote on something with value already on the post it rewards the author sometimes even up to 4 or 5 dollars I've noticed.
I've been looking for this answer everywhere! Thanks!
seriously useful information.
This is a great breakdown and explanation of how much it costs to produce a certain value of upvote. Looks like I'm going to be stuck at a few cents forever lol.
This forgets to mention when you vote on certain things Your vote can count for more money than normal. My vote is worth one cent but if I vote on something with value already on the post it rewards the author sometimes even up to 4 or 5 dollars Ive noticed.
Here is a great how-to on curation. This one by @ubg
https://steemit.com/steemit/@ubg/getting-the-most-money-out-of-curation-101-part2