What Is A Meaningful Vote Value?
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First, I'm not here to answer the question, I'm here to ask it.
I love to curate and never really care what I earn doing it but it's great that I earn at least something.
I'm pretty big on giving 100% votes because my hive power is low and I like it to "matter" to people. It looks like my hive vote is worth $.03 today so a 100% vote would give someone $.015.
Ok, so they get 100 or so of those and they earn $1. Not bad. My Leo power is higher at 5,000 so it's a whole different story. I use the Leo Vote Weight Multiplier which allows me to give more Leo out than hive but I'm wondering if I'm still interest in that.
Currently my vote weight multiplier is set to 10 which means a 10% Leo Vote from me earns the same amount of Leo as a 100% vote but reduces my hive power by a tiny fraction. So technically the person earns full leo value but gets screwed on the hive vote.
It's a great tool and really kicks in if you are voting a lot of trives while trying to save your hive power. But I realize that I do not. I only really vote on Leo and Hive so I think I turn off the tool.
But that brings me to my question about what is a meaningful vote. Is there a point where the hive is so low that it is just dust and doesn't earn anything for anybody? How much hive must be given in a vote to earn something for the both author and curator. I just don't want to go below that point.
I'm happy given ten 100% votes per day but I would like to do more. Thoughts in the comments are appreciated.
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All the votes count all those little votes add up and also it's a form of attention. Outside of large whale votes, I appreciate them all and a comment even more.
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Ok,that's good to know. I remember on steemit some were too low to count. I am probably going to power up my hive to 2000. I'm selling it so why not.
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Hive is a really great token to accumulate in a bear market for many reasons.
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Certainly is. Im going to keep accumulating. Curation is a small part of it I suppose. Maybe a bigger part if done efficiently
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This is exactly the question that new users should ask when they join HIVE. At what point does my upvote become meaningful?
I think we can find this answer by looking at the minimum payouts for HIVE and the different alt coins.
The minimum HIVE payout is 0.001 HP. Half of the reward goes to the author the other half to the curator. This means that your upvote value must be worth more than 0.00200 before you start getting reward.
If your upvote value is 0.0019; most of your curation rewards will be wiped out as dust. HiveStats.com shows upcoming curation rewards. If you have low HP, then you are receiving no curation rewards.
You can go to your activities page on Peakd.com. This is the activity page for @cflclosers
https://peakd.com/@cflclosers/activities
The account has 685 HP and seems to get curation rewards of about 0.015 for 100% upvotes.
The Two Cent Mark
The second cutoff is more illusive. A post must receive at least $0.02 HBD to get a reward. IF a post gets less than $0.02; then the system wipes away the reward as dust.
This cutoff changes with the price of HIVE. The upvote calculator shows the USD value of a given upvote ... according to their last recorded HIVE price, which is currently wrong.
You need about 900 HP for your upvote to be worth more than 0.02.
NOTE, you can give some of your HBD to @dustsweeper . Dusty will upvote posts with less than $0.02 in upcoming rewards.
All of the alt coins behave in similar fashion. As I recall you need to have at least 30 LEO for your upvote to get a 0.001 LEO curation reward.
!pizza
Posted Using LeoFinance Beta
Great explanation, helps a lot of people I’m sure of it.
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Now this is what I was looking for. Tough to wrap my head around but you are saying that I need to have a minimum of 900 Hive Power and give 100% Hive votes to curate efficiently???
This would be a great post by the way. You're right everyone needs to understand this and act accordingly. My curation rewards seem crazy low.
Posted Using LeoFinance Beta
I am glad my post was helpful.
The HBD value of rewards varies depending on the price of HIVE. The price of HIVE has been falling. This means the actual value of your upvote is falling. The image shows a snapshot of the upvote you gave my comment. It says the upvote is worth less than 0.02 and the rewards will be wiped away as dust.
Peakd shows that the upvote was worth 0.017. I will ask @irivers to upvote the comment to bring it over $0.02.
If you want to upvote comments, you need to make sure that the value of your upvote is well over $0.02. If it below that value then both you and the person you upvote will miss out on the reward.
Most root posts get more than $0.02; so this problem really only effects comments.
When HIVE falls, you need to either buy some more HP, or you need to stop upvoting comments.
The amount of funds you want to have in your account usually is around $600.00 USD in HP. When HIVE was trading at $3.00; you only needed about 200 HP for your upvote to be worth 0.02.
It is a good incentive for people to power up HIVE when the price dips. The upvote calculator has the wrong price for HIVE. It says HIVE is $0.61 you need 800 HP.
Coingecko says HIVE is trading under $0.5. What matters is the price of HIVE at payout. So, you probably need to have over 1000 HP. If HIVE fell under $0.4; then you might need around 1500 HP.
BTW, you've probably noticed that the value of your rewards often change during the payout process. This is because the actual rewards are determined by the price of HIVE at payout.
!hivebits
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Ok, Now I'm confused. I thought I had it. You will notice that I powered up to 900 hp. I'll figure it out though. It really is a lack of incentive to upvote comments unless you have decent stake. Probably why I have earned so little curation awards over the years. I used to maintain 5,000 hive power too. I just broke up the votes. I need to focus in on this.
I like that PeakD shows the upvote rewards calculated to three decimal places. Peakd shows your upvote value was 0.022 . Of we are now facing the challenge that the rewards factor in the price of HIVE which appears to be dropping several percentage points every day.
As the price of HIVE falls, the value of our upvotes fall as well.
BTW, I am glad that you were smart enough to pull out some of your HIVE before the market correction. I decided to wait until my account became a dolphin ... which should happen next month.
Posted Using LeoFinance Beta
Wow I just learnt a lot now, didn't know all these about the rewards before.
And about dustsweeper, how does that work really? I just send HBD to his account and he starts voting posts with less than 0.02% what if the post is more than that percentage?
Posted using LeoFinance Mobile
It looks like you are getting rewards on most of your posts. You are losing some rewards on comments. The price of HIVE is falling, so the value of your upvote is dropping.
Quite frankly, it looks like you don't need dusty's services. You have enough HP to sweep your own dust.
@dustsweeper and @dustbunny are bots dedicated to sweeping dust.
Dustsweeper works as follows: if you sent HBD to @dustsweeper, dusty would use that money to upvote any of your post or comments that have less than 0.02 in rewards. So, if you have a post with just 0.017, dusty would drop an upvote that would bring it up to 0.026.
Notice, you will get back all the money sent to dusty plus the value of the saved dust.
Sending $1 HBD would give you over 50 upvotes. @dustbunny is similar.
Your wallet says you have just over 1000 HP. The value of your upvote was over $0.02. If the price of HIVE keeps falling, then you will need to power up some HIVE to keep it over 0.02 ... or simply stop upvoting comments.
!luv
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@yintercept(1/1) gave you LUV.
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Doesn't the LEO add up even if you don't have 30 LEO? I remember having a small stake in the beginning but I think the scotbot only pays out in that small value. However, I could be wrong though.
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I can remember getting small LEO rewards last year. But if you go to the Rewards Page on Hive Engine:
https://hive-engine.com/rewards
The number next to LEO has three digits. I have two accounts. One has 200 LEO the other had 20 LEO. They upvoted the same post. The one with 200 got a LEO award the other account didn't get one; so I delegated LEO to my second account and it now gets awards.
Perhaps they changed their configuration.
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If you look at the LEO wallet, you can see some of the low stakers earn 0 LEO but that is just because the amount is too low. From what I remember when I was that low, it takes multiple votes for the rewards to add up and pay out. So getting 0 is what I expected if you were only looking at one post. However, I don't really have a 2nd account to play around with that.
Posted Using LeoFinance Beta
Very good question.
I appreciate all the upvotes I get, how little or large they may be. 😁
I do tend to upvote comments with a smaller upvote then the posts.
This means I can give a lot more to good posts and more little bits to much more replies and comments. And I comment a lot and receive a lot of replies.
I think it evens nicely out.
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I just want to know the sweet spot. I don't want to create dust for people. There seems to be an art to curation and I'm hanging out below the hive power level when I don't need to be.
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I think it depends on your votevalue too, how good the post or comment is etc. Lots of factors to keep in mind.
I would say, vote above the minimum payout level.
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Yeah, I don't care about quality. I just want to encourage authors who are trying. I vote mainly leo users and they are usually worthy once they find their voice. I just want Hivians to understand they can earn with effort.
Posted Using LeoFinance Beta
And that’s a really great way to look at it.
I do too, for me good posts are about effort. (But I do just everywhere, hive communities and leofinance)
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Yeah, I think so too.
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Thank you for your witness vote!
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Haha I thought you wanted to tell us the answer but I guess I have to share my answer instead 😅
When I started Hive, I would always give a 100% vote because I knew then that it worth almost nothing but gave tiny... What I wasn't sure was if I was getting anything from it, I mean why expect something when I didn't give much at all? So I just kept voting to get used to it until I started giving up to 0.03
It's not easy growing your votes but it would be nice if you would allow yourself get used to voting not minding what you get out of it until your votes counts obviously.
But note that your most tiniest votes counts! You earn from them so just keep voting.
Posted using LeoFinance Mobile
It's something I've really wanted to know for a long time. Almost 5 years doing this on steem/hive/leo.
Make sure you see @yintercept comment below. It's explained well.
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Yeah I've seen it already
Thanks 🙂
Posted using LeoFinance Mobile
I am pretty sure the dust value / threshold is around 2 cents. Anything less and it will not reach the user you vote on nor come back to yourself.
This answers your question:
https://hive.blog/dustsweeper/@dustsweeper/dustsweeper-s-faq
Not sure if it's still the case, since the most recent hardforks though
Don't you think you added too many zeros? 😉
so this was a 10% Leo vote. With the idea of giving 10% of leo vote power using the vote weight multiplier of 10. 10 x 1%= 10% Leo vote.
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now we know 🤩
IMO .1 is a good vote value.. .01 is respectable.. and 1 and above is what we should all strive for
Yeah but that doesn't seem to work according to the comments. Need to make sure it doesn't slip below $.02 cent level or some gets dusted. I gotta figure this out.
@cflclosers Im going to edit this into my compilation of helpful hive links.. because of the discussion you created here.
Yeah, I have been curating all wrong I guess. Well, on comments anyay. I'm not even sure if the vote I just gave your comment will count lol. I'm a little confused.
I have been wondering lately how some of these whale LEO votes are worth so much leo but so little hive. I didn't realize that was possible.
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(2/10)
well there is the vote multiplier and also the difference between leo power and hive power. I have 5x Leopower
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It's the 2 cents dust threshold and I have been using 20% while managing my voting power but it looks like I might have to change it. Like some people have said, there is dustsweeper to top off your comments or votes and I think it might work well because of the voting curve so you might come out ahead by a little.
Posted Using LeoFinance Beta
I remember dustsweeper from steemit but never really caught onto what it was. I sent a hive over there and will keep up with it. It's just crazy I didn't realize what was happening on my hive votes. I only paid attention to Leo. I was just making dust all over the place thinking I was helping people out.
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Make sure to toggle dustsweeper so it goes on your outgoing votes as well. I think it's set to dust up your comments that don't go over the threshold.
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