During last week, the price of STEEM rose from $4.45 to above $6 (now slightly under). This will have a very interesting effect on the rewards.
You see, when Steemit is displaying rewards next to your posts, it doesn't use real USD (I explained in more detail here, on steem.supply), but in something I called STU (Steem Token Units). These units are a representation of the internal blockchain currency, which is called vests., and their value is calculated dynamically, by using a median STEEM price.
Well, this median price is "trailing" the current market price with about 3.5 days. Or, if you put it in Steem lingo, the actual value of STU is "pegged" to the median price of the last 3.5 days.
What happens when there are sudden increases or decreases of the market price of STEEM?
Well, inertia will happen. Meaning the STU values won't be affected immediately, but after around 3.5 days.
In the case of appreciation, you will see an increase in your rewards in about 3.5 days since the moment of appreciation, provided there aren't too many spikes. If the price is zig-zagging every day, then it wouldn't make much of a difference. But if there are more consistent ups (like the one we experienced this week) or downs (there will be some at some points, be warned) then the STU price will reflect that.
So, posts that were displaying $10 yesterday, may display $11 or $12 very soon, without any extra votes.
As always, enjoy it while it lasts. :)
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
Wanna know when you're getting paid?
|
I know the feeling. That's why I created steem.supply, an easy to use and accurate tool for calculating your Steemit rewards |