This post is not about bots or any other services that will take your Steem/SBD in return for a higher payout. How is this possible is what we are going to show in this post.
(Credit: here)
The known facts
We know that there is only 3 payout methods on Steemit. Default (50%/50%), Power Up (100%) and Decline Payout. These are the 3 options that we can currently create a post but there are more options which are available that allow us to choose a different payout option.
But before going into these options, we are going to see the limitation of the Default (50%/50%) option especially during this period where the price of 1 SBD exceeds by far the value of 1 STEEM.
The current problem that you don't know
When we choose the power up option and the default option, after 7 days we obviously get our payout. Now, taking some examples, here is the current situation in different scenarios. 7 days ago, I got a payout for this below post as 14.70 SBD.
So far so good. For this post, I had chosen the default payout and hence half was converted automatically to Steem Power and we could see that I got 7.346 SBD and 2.622 Steem Power.
I had a little SBD and I converted 7.416 SBD to Steem which I got 26.856 Steem. The conversion rate of SBD to Steem was really good last week as everyone would have witnessed.
If we think about it, with the default conversion, Steemit used 7.354 SBD to give me 2.622 Steem Power. On the market, I converted 7.416 SBD to 26.856 Steem which if I power up gave me 26.856 Steem Power. With the default payout, I lost around 24 Steem Power!!!
How to counter the situation
I have been thinking about this for one week and I finally found a way to go around this situation. There is a service/ website that everyone know and it is called Streemian. This website offers many services but I am going to talk about a specific feature here.
Under the services section, there is an option where we can create "Scheduled Posts". Many has probably been using it but there is a hidden feature that many may not be aware of.
We can write posts to be scheduled on Steemit by using the Streemian service. But below the post creation, there is an advanced option section.
If we click on it, we can see that there is the option to see the percentage of SBD that we want to receive after the post pays out.
If we set it to 100%, we will get all our reward in SBD which we can exchange for more Steem on the market and eventually get more Steem Power from our post than is currently possible by the Steemit website.
For how long would it be valid?
For all I know, till the price of SBD will be higher than the value of Steem, posting using the Streemian service is more beneficial. Once the price of Steem becomes higher than SBD, the increase value of Steem Power that we get is unknown. When this happens again in the future, I will test it but if anyone has already done this test, they can share their results in the comment section below.
Conclusion
I have written this post using the Streemian service and this is my first time doing this. I wanted to test it out before posting the results but I don't know for how long more the value of SBD will be higher than that of Steem.
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Good luck to everyone ?
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