Power Up 100% Rewards Are Currently Broken
Due to the market price of Steem Dollars, the blockchain is not awarding post rewards as intended. The default post reward option of 50% SP and 50% SBD is currently distributing much more value in the form of SBDs.
For example... a post of mine just reached its payout:
I received 24.005 SBD and 19.090 SP for my post. In theory, those would be roughly equivalent in terms of value. But let's look at the market price of Steem Dollars (I like to use http://www.steemdollar.com/ for this).
As I write this, Steem Dollars are worth a whopping $1.77! I received around $42.48 worth of SBD for my post. Meanwhile, the 19.090 SP that I received would only be worth $22.90 at the current STEEM price of $1.20.
To put that into perspective, the liquid reward alone is almost the amount that steemit.com displays as my portion of the post rewards:
But let's go ahead and put a finer point on this... Had I elected to Power Up 100% of my rewards, I would have received 38.180 SP for my post. At $1.20 per STEEM, that's worth about $45.81. Not much more than the value of the SBD reward alone!
Choosing to receive 100% of my reward as SP would have cost me $19.57 of value!
How long will this last?
This situation will continue as long as the market price of SBD remains well above $1.
What to do in the mean time.
In order to retain 100% of your earnings from posting on Steemit, choose the Default (50% / 50%) option for your post rewards. If you want to Power Up everything you make, that's great! Just head on over to the internal market and buy STEEM with those SBD.
And then Power Up a much larger sum of STEEM!