Hello everybody,

we received questions about how high the vote by Hive account@smartmarket would be if X SBD / STEEM were transferred - and instead of answering this every time individually, we thought it would be better to write a post about it.

So, here we go.

Vote Calculation

First of all, Hive account@smartmarket is allowing users on steem to sell their votes for a high profit and other users can buy these votes with SBD & STEEM and also receive a profit.

When a user transfers an amount of SBD or STEEM to Hive account@smartmarket - the first thing we do is to calculate the wanted value. Which means:

We first convert the amount to SBD if it was STEEM. For this, we take the current Price on Bittrex.

At the time of writing this post - SBD is worth 9.5 USD and STEEM is worth 3.2 USD.

So if you send 5 STEEM, then the SBD converted value would be 1.67 SBD.

After that, we calculate the wanted value - we take in this case 1.67 SBD * 2.3 (our ratio) which results in a 3.8$ wanted value.

The next step is to find the right voter and when we found him/her, then we vote with 3.8$.

How much Profit do you make

A 3.8$ value would result in 2.85$ after curation and then in:

2.14 SBD
0.713 STEEMPOWER

Which converted in USD is: 22.612 USD

The USD amount that was paid for the upvote is 16 USD

The total profit is: 6.612 USD

But ...

No Spam allowed

This profit is awesome, but we don't want to allow spammers to make money from this.

That's why we have improved our algorithm to detect spam.

If you find your votes (as a vote-seller) cast on posts that you are not okay with, then please tell us on our discord - link is at the bottom of this post.

I hope we explained everything so that you understand our calculation. If you still have questions, please tell us in the comments below or join our discord.

What does smartsteem offer?

Bid-Bot through smartsteem - send URL as MEMO to Hive account@smartsteem - votes are every 2.4h - both SBD & STEEM accepted - check on bottracker for current status.
Buy Instant-Upvotes through smartmarket - profit guaranteed - send URL as MEMO to Hive account@smartmarket - both SBD & STEEM accepted.
Sell your Votes with Hive account@smartmarket and earn up to 98% of your voting-power as revenue - you can enable it here: https://smartsteem.com/features
Delegate STEEMPOWER to Hive account@smartsteem and earn profit-shares of the bid-bot proportionate to your delegated amount. We pay out 90% of our profits! Go to https://smartsteem.com/sponsors and check out this post: https://steemit.com/steem/@smartsteem/guide-how-to-delegate-to-smartsteem-and-earn-profit-shares