This week's distributed profits are 0.312%, equivalent to an APR of 16.3%.
Compare this with the bidbots listed on iSteemd and you will see that MAP Rewarder is doing fairly well and in the top half of those published. However, the whole market seems to be low; please see comments further down.
The values below that relate to the Steem blockchain are now given as 7-day averages to give a fairer picture of what has happened during the whole week.
Let's lay out the different percentages to make them clearer. These are all calculated in terms of STEEM per SP.
Gross turnover inc. payouts = 0.388% (APR 20.2%) [1]
Gross income ex-payouts = 0.368% (APR 19.2%) [2]
Value of Steemit upvotes = APR 22.3% [3]
Value of Steemit rewards payouts = APR 16.8% [4]
Distributed MAPR payouts = 0.312% (APR 16.3%) [5]
Total MAPR payouts = 0.332% (APR 17.3%) [6]
[1] Gross turnover generated for the week.
[2] Gross income minus the random free upvotes, SBI shares given to delegators and MAP upvotes.
[3] Theoretical maximum value of Steemit upvotes, assuming 10 full upvotes at 100% power for 7 days, averaged over 7 days and expressed as an APR.
[4] Theoretical value of Steemit upvote rewards, assuming 25% curation rewards, 50-50 split of post payouts and SBD print rate, averaged over 7 days and expressed as an APR.
[5] MAP Rewarder distributed payout sent to delegators this week; this is 85% of [2].
[6] Total payouts for the week, equal to {[5] + [1] - [2]}.
Note that this week MAP Rewarder is able to generate income that is slightly below the theoretical maximum for pure upvotes - that is, [1] is slightly less than [3]. This includes upvotes to quality content curators and MAP Rewarder delegators.
Note that this week our total value of payouts and upvotes is slightly lower than the theoretical maximum for pure upvotes - that is, [6] is lower than [3], but higher than [4]. This is likely to remain true until the value and print rate of SBD increase again.
From last week onwards, the values of [3] and [4], which come from the blockchain, shall be 7-day averages to give a better representation of the whole week's earnings.
Finally, our weekly distributed profits to delegators is at about the same level as post rewards payouts - that is, [5] is slightly lower than [4].
Also notice that our distributed payouts are 16.3% APR but out total payouts, including upvotes and prizes, is 17.3%.
Profits will be paid today to SP delegators in STEEM.
Benefits of Delegating to MAP Rewarder
= a high weekly payout in STEEM. Our returns are higher than many other income sources on Steemit - just compare our returns with various bidbots. On top of this weekly payout, we have:
= free upvotes to delegators. These are currently set to come from the 
= random free full upvote and free SBI share once per week. See our recent Free Vote Friday and Free SBI Saturday.
So, three different sources of rewards plus a high weekly payout!
I hope this will stimulate some further delegations and will help some users make a significant return on their SP. But please remember that the first distributed profits will be received on the first Sunday after 7 day from the time of delegation - the cut-off is midday GMT on Sundays.
How to Delegate to MAP Rewarder
To delegate SP to MAP Rewarder, please read our Introduction document.
You can also delegate using these links:
10 SP, 20 SP, 50 SP, 100 SP, 500 SP, 1000 SP, Other.
If you do not have spare SP to delegate, then you can still follow our Curation Trail or Fanbase on SteemAuto (or follow us on Steem Voter), and gain some higher-than-average curation rewards.
News
I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!
Much of what I used to write here in the News section can now be read at the top of the article as addenda to the table.
All our percentages are calculated like-for-like based on STEEM so that these are real returns in STEEM per delegated SP (which is also priced in STEEM).
A reminder that we have two missions: to be profitable to delegators and to support our MAP Curator Trail and thereby improve the quality of posts on Steemit. The
Important News
I'm not sure if anybody reads this, but over the weeks this has given a snapshot of the status of the STEEM ecosystem. One thing to be noted is that, although the mathematical structure of the ecosystem has remained fairly constant over recent weeks, most users react to the US Dollar price fluctuations. Blockchain activity varies every day but the general trend remains downwards; the first half of last week looked positive, yet the recent lurch downwards in prices has counterbalanced this over the whole week.
The bidbots, which should really be creating returns of about 20% APR, are peaking at about 17.5%; the delegation market has a modal return of 14-16%. All these numbers are well below the blockchain upvote value of 22% APR.
With the SBD print rate stuck at zero, the effects of the fiat price of STEEM is slow to filter through in the numbers, but can easily be seen in the gap between theoretical earnings and real returns.
Looking around at different sources of income, the only one that we have some measure of control over is posting rewards. I shall increase the number of posts and see if this will make a difference for next week.
Next rewards distribution will be on Sunday 16 September.
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Please Comment, Resteem and Upvote. Thanks!
