"75% of the post value goes to the author. 25% goes to the voters.
Of the portion going to the author, half is in Steem Dollars and can be immediately cashed out. Half is in Steem Power which takes two years to cash out (but many users are not even trying to cash them out at this point).
So for a $5000 post, about $3750 would go to the author and of that $1875 could be immediately cashed out. Currently Steem Dollars are trading below par which reduces the value somewhat more, but still probably something like $1500 or more could be in your pocket as fast as it takes to trade the crypto and cash out the Bitcoin.
I hope that didn't constitute mumbling."
Please stop talking this bullshit !!!
You dont get 75%.
example my post got 550$ and i get 300$(150$ in steem power, and 150$). This is not 75%.
And what about
https://steemit.com/steem/@satoshifpv/live-debate-update-how-my-post-went-from-3-000-to-3#@btc.ctb/re-satoshifpv-live-debate-update-how-my-post-went-from-3-000-to-3-20160801t222321686z this guy?
Post values fluctuate until payout based on:
1. Changing votes on that post
2. Changing votes on other posts (since all posts draw from the same pool)
3. Changing market value of STEEM
Until a payout actually occurs, the amounts shown are fluctuating estimates. They could go up, go down, or stay the same.
I can assure you that once the payout time was reached you did indeed get at least 75% of the then-current payout amount, and possibly more. The code doesn't do anything other than that.
I earned about $1300 from a couple of posts on steemit last week, I still have absolutely no idea where the money comes from, other than guessing its in the "locked" up funds in everyones steem power, hence why you cant sell for 2 years.
I exchanged every bit i could on Poloniex and have about $700 of steem power.
If i intend to sell this, do i have to wait 2 years first and then sell, or do i have to initiate the sale now and it will unlock automatically in 2 years time?
Perhaps it will be worth big $$$ then? Who knows? It depends if this thing takes off more than facebook or not.
You choose the "Power Down" option in the wallet. That initiates automatic weekly transactions (starting 7 days from the time you choose the option) which will each liquidate 1/104 of your Steem Power, turning it into STEEM (which can then be sold on an exchange). During that time your Steem Power will continue to grow in value of STEEMs (market value of course is unpredictable) so the weekly payments will be increasing amounts of STEEM.
If you earn more Steem Power, and you want to cash that out too, you have to restart the power down to use the new amount. Otherwise only the original amount will be liquidated over two years.