Understanding Voting Power & Vote Value
Most of my post this week will be filled with random guides for newbies since this week was the week I brought in a lot of newbies and they all almost have the same questions. So I felt it is right to dedicate my time and post to answering some of them and giving opportunities to other newbies to learn.
Now you have opened an account and you are exploring Hive, am so sure you must have noticed that your voting power reduces as you upvote contents. If you keep giving votes of 100% your voting power reduces faster. After voting, let’s say 6 people, you will find out that your voting power is approaching a 80% mark. This way you won’t be able to utilize all the votes you want to utilize to as much authors as you want to. So the right thing to do is wait for your voting power to replenish.
I guess this was created to regulate vote spamming. If everyone had unlimited voting power there will be massive inflation on Hive.
I don’t like reading a post without upvoting it, I feel it’s mandatory(personal view) to upvote a post, this is a form of appreciation. Left for me alone, I don’t mind giving everyone 100% of my vote power, but that will reduce my voting power and I don’t like seeing my voting power below 70%. So the best way to utilize your votes to as much authors as possible is to reduce the amount of voting power you share. This way you can give as much authors upvotes as possible.
Vote value is the value of your vote based on your Hive power or any tribe or token power. For instance the value of your Hive power, the value of your Leo power and the value of your proof of brain power influence the value of your vote when you upvote a post. Your voting power affects your voting value. If you have a vote value of $5 per 100% vote on an upvote, if you decide to give a 50% upvote on a post, the vote value of that post would be $2.5. Mind you the voting value reduces after every upvote. This means that a full 100% voting power does not have the same voting value as an 80% voting power.
Accounts with little Hive power don’t have to go through the stress of voting with little votes to maximize their vote values. They can just give a 100% upvotes to 10 different articles. Then wait for 24 hours for the voting power to replenish itself back to 100%.
Leaving your voting power at 100% for a long time is you wasting your APR earning because on Hive, time is money, and if your vote power rejuvenates to 100% and you don’t utilize it, that’s wastage. Some people prefer to upvote post and reduce their total voting power to 30%, then wait for days to continue upvoting, while other people have a schedule because they have made it a habit to give votes every day. So they share the votes accordingly or in strategic ways that makes them consistent on giving upvotes to their favorite authors everyday.
Depends on you, your account, your choice on how to distribute the votes.
But knowing these gives you a better understanding on how you can upvote.
I hope you find this helpful, let me know if you have questions or want to add other things to this content for everyone to learn
Posted Using LeoFinance Beta
Yes, thank you. This is really helpful.
I prefer to vote till it gets to 70% and wait for it to get full again. I can't read a post and not upvote, I guess I feel the same way as you.
I hope newbies can learn from this post!!
It’s nice you relate to it. Although I do wish there was no restrictions like that, but I guess these are ways to reduce inflation