Would you like to know how the author rewards in USD are calculated and what the real value you receive is because many users are confused by that?
When you see the amount in USD like in the post above, which shows $51.26, this is not the exact amount you are receiving and in fact, the good news is that you receive much more than that.
Understanding Author Rewards Calculations
In this post I am going to explain how the author rewards calculations work so you can estimate the amount you will get if payment is still pending or know exactly the value of what you got if the rewards have been paid.
I am going to use three of my posts to show you how it works.
1) My Sunday Fruit Smoothie!
This is the first post.
The payment on this post has been made and these are the numbers.
Past Payouts $51.26
- Author $44.25
(22.13 SBD, 5.19 SP) - Curators $7.01
$51.26 is the total amount with 70% going to the author and 30% going to curators.
So, as the author of the post, it says that I received $44.25, but this is not exact.
What I received is 22.13 SBD and 5.19 SP.
This is the breakdown on how you get that $44.25 number:
22.13 SBD x 1 USD = $22.13
5.19 SP x 4.26 USD = $22.10
($4.26 being the value of STEEM at the moment payment was made)
Total = $44.23
50% of the rewards are paid in SBD and 50% in SP by default.
Now, it's not the exact amount you get in USD because Steemit, in their calculation uses 1 SBD = 1 USD. One SBD is supposed to always stay at $1, but we are very lucky because the SBD value has increased significantly.
Let's look at it.
1 SBD = $5.08 today.
So this is the real income I received for the post.
22.13 SBD x 5.08 USD = $112.42
5.19 SP x 4.26 USD = $22.10 (same as before)
Total = $134.52
As you can see the real value is 3 times greater.
Isn't that awesome?
2) My 10 Favorite Supernatural Stories
This is the second post.
The payment on this post has been made and these are the numbers.
Past Payouts $63.77
- Author $50.63
(25.32 SBD, 5.94 SP) - Curators $13.14
$63.77 is the total amount with 70% going to the author and 30% going to curators.
So, as I am the author of the post, it says that I received $50.63, but this is not exact.
What I received is 25.32 SBD and 5.94 SP.
This is the breakdown on how you get that $50.63 number:
25.32 SBD x 1 USD = $25.32
5.94 SP x 4.26 USD = $25.30
($4.26 being the value of STEEM at the moment payment was made)
Total = $50.62
50% of the rewards are paid in SBD and 50% in SP by default.
As explained for the first post, Steemit uses 1 SBD = 1 USD, but 1 SBD = $5.08 today.
So this is the real income I received for this second post.
25.32 SBD x 5.08 USD = $128.62
5.94 SP x 4.26 USD = $25.30 (same as before)
Total = $153.92
This is again 3 times more that the number shown on the post.
3) I Don't know If I Should Laugh or Cry!
Now, this is my last post and payout will happen in 6 days.
This is what it shows:
Pending Payout $48.17
(24.09 SBD, 5.68 SP)
This is for the author and curators so if you want to estimate your earning roughly you can do 48.17 x 70% = $33.71
I now can do 33.71 x 3 = $101
My estimated payout in USD will be $101.
You can calculate it more precisely if you take 70% of 24.09 SBD and 70% of 5.68 SP.
Now, the value of STEEM will not be the same in 6 days and the Pending Payout $48.17 will fluctuate depending on that, and also the additional upvotes that will come in during these 6 days left.
The real income you will get in USD will depend on the value of STEEM and SBD in 6 days.
Let's say that there is no additional upvotes on this post and the values are:
STEEM = $3
SBD = $10
The payout you will receive is:
24.09 SBD x 10 USD = $240.90
5.68 SP x 3 USD = $17.04
Grand Total = $257.94
But wait, this is the grand total and as the author you will get only 70% of this.
257.94 x 70% = $180.55
The real amount you will receive then is $180.55.
I hope that you enjoyed reading this post and that it successfully explained how the author rewards calculations work.
Would you upvote this post and follow me for more because this will encourage me to write more posts about Steemit like this one_?_
Would you please help @jerrybanfield become a top 20 witness because you can help funding projects to build Steem as explained here? Vote for jerrybanfield as a witness or set jerrybanfield as a proxy to handle all witness votes at https://steemit.com/~witnesses. Read the 5 reasons why I'm voting for Jerry Banfield as a witness and how to vote in my post.
Michel Gerard