HF 21 - P2P Vote Selling IS Better than Bot Delegation!
Hard fork 21 brings many changes intended to improve the Steem blockchain. One very relevant change is that curation rewards are increased from 25% to 50%.
This change has some important implications...
Wait, what are curation rewards again?
Those who have been active on Steem for a long time already know all about curation rewards, but new users may not.
Below each post on Steem, the expected payout is displayed, It changes with upvotes, downvotes (flags), and the STEEM price. But when the payout occurs after 7 days, the author doesn't receive 100% of the previously displayed amount.
Instead, 25% of it are distributed to the people who voted on the post. How much each individual voter receives depends on when they voted and how much they increased the payout.
Here's an example for what it looks like on Steempeak, one of the Steem interfaces. In addition to the payout in STU (STEEM and SBD), Steem Engine tokens are displayed here too.
If you vote on a post within a 15 minute window of it having been posted, you receive less curation rewards, the rewards are instead burned.
What changes with HF 21?
The split of author payout/curation reward changes from 75%/25% to 50%/50%, with the intention of increasing curation.
When you vote on a high-quality post that receives a high payout, you earn more curation rewards than before. And because you receive a larger portion of the rewards if you vote before everyone else, it's beneficial if you actively look for good content and promote it.
The time frame in which you receive fewer curation rewards is reduced from 15 minutes to 5 minutes, allowing you to vote almost immediately after reading a post.
What does that mean for Vote Bots?
Most vote bots on Steem require you to delegate STEEM POWER to them, and in turn you receive a liquid payout from them. The problem with this system is, that you miss out on the curation rewards.
MinnowBooster offers (aside from directly delegating to the bot) the option to sell your vote. That way, you don't have to delegate STEEM POWER, and all curation rewards go directly to you, because the vote comes from your account, not @minnowbooster.
With HF 21, selling your vote makes more sense than delegating to a bot.
How do I sell my vote?
Selling your vote with MinnowBooster is easy and safe.
Simply go to minnowbooster.net and click on the "FEED THE HUNGRY MINNOWS!" button.
If you're already logged in, the screen pictured above will also show your Voting Power and idle STEEM POWER.
If you're not logged in, you will be prompted to log in via Steemconnect.
After clicking on the "FEED THE HUNGRY MINNOWS!" button, you will be redirected to your Vote Selling Stats.
If you haven't been selling your vote, it will look like this:
Click on "Settings" to enable vote selling.
You can choose to only sell to users on our Whitelist, minimizing the risk of having your vote sold to someone trying to abuse the system.
It's also possible to sell your vote for comment promotion, which means the user paying for this service will have their comments automatically upvoted a little bit each time, pushing it to the top of the comment section.
The last setting is to determine when you want your vote to be sold.
Don't want your voting power to drop below 80%? Only sell when it's above.
And that's it!
You can change your settings and disable Vote Selling at any time.
If you run into issues or see people that should be blacklisted from buying votes via MinnowBooster, don't hesitate to contact us on our Discord Server.
( Want an easier way? Use our SteemConnect proxy link! )