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RE: The Ultimate Guide to Voting Power (with cartoons, formulas, and code references!)

in #steem-help • 8 years ago

Thanks for your detailed explanation! Can you please clear up two questions?

  1. I thought that your first 20 votes within 24 hours would use 5% of your voting power, and then it would start to drop after that.
  2. If you first cast votes with your full available voting power, and then continue to vote more, do the new votes you cast have an effect on the first votes that you cast?
8 years ago in #steem-help by
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     8 years ago 
    1. There's no breakpoint like that. Every vote uses up a 200th of your current power plus a 100th of a percentage point.
    2. Great question! Each vote is worth what it's worth when you cast it; past votes aren't affected by future votes.
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     8 years ago 

    That's what my research turned up as well: 20 votes in 24h maximizes the use of your voting power. I'll have to search for my reference for that.

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       8 years ago 

      Maybe that's true if you do all 20 at once. If you space them out evenly throughout the day, the correct number is 27.

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         8 years ago 

        Do you think this changed recently? Are you certain you've taken into account all the variables? Because I got the 20 per day figure from multiple reputable sources.

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           8 years ago 

          I don't know if it's changed recently. The number is 27.8 times per day, if you vote every 3100 seconds (a little more than 51 minutes). You can calculate this by plugging 100 into p and p+ in my 2nd equation and solving for T. Due to an error in my formula (which I'll correct when I get a chance), you'll have to divide your answer by 100.

          But here's the thing: the 27 number is only if you want each of your votes to be at 100% every single time. It just doesn't hurt you very much to be voting at 90% or even 80%.

          The fact that you lose voting power for voting is not a penalty, it's just a simple mechanism that limits each account's total influence. If I had to give a simple message to you, it's that you just shouldn't worry too mich about optimizing your voting power, because the only bad choice is to vote too little.