This week's distributed profits are 0.310%, equivalent to 16.2% APR.
The earnings potential of the Steem blockchain has now converged back towards its pre-HF20 values.
Having said that, our payouts this week are significantly higher than most bidbots listed on iSteemd. This again illustrates the advantages of having a managed fund compared to using just one algorithm.
More news and views below.
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 = 0.383% (APR 20.0%) [1]
Gross income ex-payouts = 0.365% (APR 19.0%) [2]
Value of Steemit upvotes = APR 21.8% [3]
Value of Steemit rewards payouts = APR 16.0% [4]
Distributed MAPR payouts = 0.310% (APR 16.2%) [5]
Total MAPR payouts = 0.328% (APR 17.1%) [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]}.
Notice that our turnover, which includes all incomes and upvotes given out, is almost as high as the blockchain value: [1] is close to [3].
Our MAPR distribution [5] is slightly higher than the average blockchain author rewards [4].
Also, the total amount MAPR has given out as distribution, prizes and upvotes, [6] is higher than [4].
Overall, I am please with the results this week. However, as the Steem upvote value continues to fall, I expect our returns to be commensurate with this.
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
The blockchain upvote values are now converging towards their pre-HF20 values. The bidbot market appears very patchy nd sluggish; this is reflected in that our MAP Rewarder returns are currently higher than most bidbots. The prices of STEEM and SBD have been stable but pressure appears downwards. The whole crypto market is rather hanging on to the $200bn support, even as stockmarkets see a significant correction.
One thing to note regarding the Steem blockchain, is that the theoretical upvote and reward values do not directly take into account some changes since HF20 that are slightly lowering payouts; the RC adjustment is currently just 1.002 SP, so should make minimal difference to most people; the author curation rewards still appear to be on the high side, maybe 5%, which is distributed back into the reward pool; the one that affects us most is that SP being powered down is removed from our vote weight upon voting - this currently means a 0.5% drop in upvote value. As much of our income is curation-based, and hence paid in SP, there is nothing we can do about this... except try harder! But if you see your own reward payouts being a touch lower than expected, then look at the three factors mentioned above.
I continue to seek new sources of income to supplement our current algorithms. As always, the most profitable algos depend on the coin prices so that the only certainty is change.
See you next week!
Next rewards distribution will be on Sunday 11 November.
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