This week's distributed profits are 0.340%, equivalent to 17.7% APR.
Total rewards to delegators, including bonuses, are 0.350%, or 18.3% APR.
Our payouts this week are significantly higher than all but one of the bidbots listed on iSteemd. This again illustrates the advantages of having a managed fund compared to using just one algorithm.
This post will be slightly different to previous ones; am experimenting with making it shorter!
The values below that relate to the Steem blockchain are 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.
Value of Steemit upvotes = APR 22.8% [1]
Value of Steemit rewards payouts = APR 17.0% [2]
Distributed MAPR payouts = 0.340% (APR 17.7%) [3]
Total MAPR payouts = 0.350% (APR 18.3%) [4]
[1] 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.
[2] 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.
[3] MAP Rewarder distributed payout sent to delegators this week; this is 85% of our gross income.
[4] Total payouts for the week, including bonus upvotes, free full upvote, free SBI and this week's distribution. This increases our overall payouts to about 90%.
Our MAPR distribution [3] is higher than the average blockchain author rewards [2].
Also, the total amount MAPR has given out as distribution, prizes and upvotes, [4] is higher than [2].
Overall, I am please with the results this week, with another increase in payouts.
Profits will be paid today to SP delegators in STEEM.
Benefits of Delegating to MAP Rewarder
A new post has been published: Delegating to MAP Rewarder: Benefits for Small SP Accounts
This gives more details on the rewards distributions plus the bonus upvotes, Free Vote Friday and Free SBI Saturday.
Any further questions, please ask.
How to Delegate to MAP Rewarder
To delegate SP to MAP Rewarder, please read our Introduction document and the recent update.
You can also delegate using these links:
10 SP, 20 SP, 30 SP, 40 SP, 50 SP, 60 SP, 70 SP, 80 SP, 90 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.
MAP Rewarder News
I have changed the layout of our numerical data; I hope the different numbers are slightly clearer!
The curator-support upvotes have all been moved to the account 
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; 5% of income will go to supporting the Trail.
To people thinking about delegating to MAP Rewarder, I have done some analysis about the ability to upvote every undervalued post we find and, in order to do so, we can comfortably manage about 500k SP. We therefore have plenty of room to grow.
Although we do not have a referral system, inviting new delegators will increase income to existing members. The value of the bonus upvotes depends on our SP, so the higher the SP the greater those upvotes will be!
Blockchain News
I have little to add to previous news. Our payouts are the same as last week's, manifesting a certain stability within the STEEM ecosystem. However, the slow rise in the reward pool shows activity continues to decrease. This is good for those users actively earning STEEM, but it also means the user-base of upvoters is shrinking.
The official blockchain value of STEEM is falling very slowly; at this rate we could be in this zone for months. This means we need to wait for a significant shift in the external STEEM/SBD rate. This is not easy, as any small change is adjusted back to the blockchain rate via the internal market.
The only atrategy at the moment is to wait and see and take advantage of the upvote rewards.
I continue to seek new sources of income to supplement our current algorithms. As always, the only certainty is change.
See you next week!
Next rewards distribution will be on Sunday 23 December.
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Please Comment, Resteem and Upvote. Thanks!