The Daily Meme #174!
Delegating for profit is vote selling.
We didn't like how things were going when folks were selling votes, so we forked that out.
Now, folks don't see past their own desire for 'easy' money to see that delegating for a return is vote selling.
How blind can you folks be?
I've asked the powers that be and they have told me 'Meh, nobody is complaining, but you.'.
Not a direct quote mind you, but sufficient to convey the lack of impetus on their part.
Read this post.
It lays bare how brown nosing for whale votes is cutting your own throats.
When whales, or pods of orcas, vote, your vote and author rewards are reduced in proportion to how much they take out.
All you fools slobbing on the curation gangs' knobs are enriching them at the cost of your own enrichment.
You would be getting more if they were getting less.
It's just the facts in the math.
Think about it, if you got more than the value of your vote in return for delegating where does the extra come from?
If you got the full value of your vote in return for selling it, how do the facilitators make a profit?
Why do the facilitators persist in doing undesirable behaviors?
Nobody, but me, is complaining.
If you want your less to do more, it will require that their more do less.
You see what happened when the poor tax came up off of us.
A 15htu voting limit should do roughly the same.
Want to see a big increase in your rewards?
Stop delegating for profit.
Vote your own stake, or leave what you don't vote for the redfish instead of giving it to the whales and curation gangs, eh?
Support the 15htu vote limit.
We are having a membership drive in these discords, tell your friends.
If you want a voice in the consensus join them, and be one.
HiveDownvoteRewards: https://discord.gg/tVjRSwTG9v
Exercise your duty to mitigate abuse.
Hivewatchers: https://discord.gg/QqyrCCf
Appeal blacklist flags here.
FreezePeach: https://discord.gg/TXPkMRXYuG
Get your flag reviewed for redemption.
Proof of Brain: https://discord.gg/tdXjvbHR4w
You know, what they sold us on to get us here.
The Terminal: https://discord.gg/Npwa8VYR3v
Newb friendly chat.
Hive-Coffee: https://discord.gg/nVj9XQFrun
Well informed newb friendly chat.
Hive Official: https://discord.gg/SUwJ2s2
Central focal point of much of the hive.
Dlux.io: https://discord.gg/mdJRstcFWg
Building the holodeck in 3d VR.
The Pulse: https://discord.gg/3M2gRr5
Alternatives to the groupthinc.
Klye's server: https://discord.gg/KyJyQxzRJ7
When your day just doesn't have enough Klye in it.
These are public rooms managed by private people for the benefit of everybody using this blockchain.
What they do is voluntary, but openly public.
Don't abuse their willingness to work for the collective for what little we give them, eh?
Without them, none of this exists.
When you go through these rooms catching up on 'the community', be sure to look for the detective, and add your detective, too!
Dear whales and curators at the top of the chain. I am a red fish. And I am starving. Quit eating my scraps. its all I got
Save as much as you can, one day you won't be able to work.
Selling now is giving away a better future,imo.
Wait for the a top to take some out, but don't dump it all, eh?
No way! I'm HOLDING everything and will pass my keys onto my kids.
#metoo, ice cream money for the grandkids.
I know I have said before about taking out some but I had a change of mind. literally dumped my entire paycheck or what was left of it into PoB a few days ago. Aiming for at least 10k PoB and see what that gives. Just need enough to eat and feed my pets if it's doable. or for it to provide some tools to do it by hand here working the land. that would awesome. I could use a wheelbarrow.
Are you renting the land, or is it your's?
Mine so long as I am not forced out tyrants. Then it's tomato war season. During winter its snowballs with piss in them. During the hot days ill make mud balls. then 🍅 season would just be around the corner again.
It snows there?
Sometimes.
Or just stock up on enough tomatoes to outlast the war. Instead of chinga tu madre it Will be "Chinga tomate wey!"
I'll be sooo glad to get back down there, I miss the tacos.
What does a cheap house cost there?
Boy im sorry about the very late reply. I had a serues of bad circumstances but back on my feet again for the meanwhile. My spine is in pain and it put me out of work for a good while. Then my electronics became mortis capputus (i think thats how its spelled).
To answer your question, here in aldama, a house, cheap, can go from 100k+pesos.
Apartments looking houses, they are slim and double floor can be a bit less than that. Otherwise rent can very from 200 plus.
Usually people have "trucos" on their electric line to save on the bill. I recommend it. Lol but you didnt hear that from me.
I been wondering about you.
200p a month would sure be easy rent to make.
If I ever get a moon shot maybe I will be able to get down there.
How high up in the mountains are you?
Below sea level actually.
200p is what I make per day 6 days a week. 1200 per week. Used to be 100.
300 per week for dog food. I have little time to cook so I have been eating out which kills my check. But I also do welding projects every now and then. Currently doing one for the "boss". A big tank for water recycle. I work for a company that recycles towels for the industrial companies such as auto parts for cars and we collect their water that they collect from the air pressure machines that they use. And dirty water. Which is also ehy we are reycling the water.
Getting dv for my comments now?
Below sea level?!?
It must get hot there.
Iguala is in a bowl, too.
It was miserable when it got hot.
That 200p must be the going rate, they got it in the carnival, too.
I only got 150 because I wasn't as a valuable,...
I jumped ship when I got to Chipancingo, 12usda day (2012) wasn't enough for what they had me doing.
Yup. Its a fish bowl for sure. Plenty of ground water, if you can harvest it.
It does get really hot. It gets pretty cold too. Its 9 degrees celcius now. Very little humidity.
If that doesnt drain your batteries then the radiation from the mountains will. Nothing lethal, as far as I am aware of though, but enough to bring your energy down at first till you get used to it that is. That is how I felt when I first got here. Felt super tired and had to eat more than usual just to keep up.
The minimum wage is 120ish per day or about 25p per hour. I dont remember the exact details.
Miminum is what you will get at "ESJ", A welding factory established here in Aldama. I worked there for almost a year before I quit and went exploring the mountains in durango. Then went to Mazatlan and back. ESJ makes all the metal structures you find at the cielings of walmarts. Weld and paint them. Not worth it either. Imo. Many dont last, my reason was the ventilation sucked. Not up to code. But since the people there tomerate it and anyone who tries to form unions gets fired and blacklisted.
We will never know freedom as long as we accept hierarchies running things.
That weather sounds terrible.
The mountains there might not be tall enough to survive the coming flood, either.
I've been looking at Xicotepec in Puebla.
Mountains are really tall there.
Puebla is beautiful i have been told. Very fertile land and very green. Humid. Similar to Georgia weather.
you know how free market works?
Doesn't everyone?😁
Meme Source
Show me one.
you know darknet?
Yes.
The hive isn't a free market, it is a game of social interactions.
Agreed and do away with auto-curation trails.
You can do this by requiring minimum character comments with a curation rewards earning vote. Lets start getting real eyeballs on content and the engagement to go with it.
But that will never happen.
That's what was said of bidbots, too.
The hive will be what we the users make of it.
There are only 12k of us, it shouldn't be too hard to figure out who is who, and what we are up to.
Hello! Tremendous ignorance talking here....
I just delegated to a community and it sends me about 12 Hive a week in return. Did I fuck up?
Also, what does HTU stand for?
And since I'm here... what is 'mana' on Hive? Is it the same as 'resource credits' or 'voting power'? Are they all different names for the same thing or are they actually different?
Delegating stake is selling your vote, a practice frowned on by the earliest users.
The current power elite see nothing wrong with selling their votes to folks willing to pay to play.
You have to decide for you.
If you have less than 500hp, do what you have to do, but after that you should know better, imo.
Htu is what you see displayed on posts.
It is a representation of what you will receive in payout.
It is called htu to distinguish it from hbd because calling it hbd is not accurate.
The difference is inconsequential, mostly.
The main difference is in that the payout will not be all in hbd, so to say that that is hbd on the post would be inaccurate because some of the payout will come in hp and not hbd.
The calculations of which could cause the payout to be less than reflected on the post, but not much.
Mana is vote power.
Resource credits rebuild like mana, but are simply approvals to transact on the chain.
They may have value, at some point.
They have actual value now, but it is very low because the chain has plenty of capacity.
When the games start clogging the blocks we will see the costs to transact in rc's rise.
The redfish will need help to interact.
Alright, so if HBD is Hive Blockchain Dollar, HTU is... What? Hive Total Unrealised?
There's a lot of insight in your reply. Thank you. Learning every day
I figured delegating stake to an account that pays a return was akin to a savings account that paid interest, on the surface at least. I don't really understand how it all works beyond that. Tremendous ignorance, like I said. Words are my strength, not numbers
Seemed like a win-win, especially in this day and age where the best interest rate on savings I've ever had access to in my lifetime has been well south of 3% a year
Thought it would be a good idea to reinvest the returns back into my account, into Hive and into the second layer tokens. Never occurred to me that it might be detrimental to the network... Rethinking all that now, though — thank you. And I mean that sincerely, not sarcastically
Not since the inception of the Internet itself have I used a computer system so multi-faceted, unpredictable and counter-intuitive as this network... It's a hell of a thing. It's kind of beautiful
I need to read that article that you link to here and there, about the mathematics of the rewards pool... I just feel it's going to take me a few reads to comprehend. And I might not even have the fundamental knowledge of the system design to get that far, so I keep putting it off 🤦♂️
It's on my list...
Hive Token Unit is used in place of hbd because of the variance between using hbd and the payout in hive power.
Because these numbers can differ fractionally, they designate the difference by calling the payouts htu.
The actual payout in hbd and hp is done at payout and can vary from what is seen on the post if hbd were used.
I'm probably one of very few left that were here when that hit the common knowledge of the crowd.
I doubt the newbs even notice that there is a difference.
This would be valid if the one paying the interest wasn't taking it from the reward pool.
The reward pool is better used to encourage 'good' posting, imo.
When financing a business, taking from a commons is bad pr, iyam.
At some point the business could grow large enough to make posting, for those not joining in the game, pointless, ergo, the pushback to nip it in the bud.
Same with the curation gangs, but good luck getting those getting paid by those initiatives to ever admit that I am right and stop.
I pushed back on curie when they were still using ned's posting key, because delegation hadn't been coded yet, for this very reason, they centralize who gets rewards.
It might have had something to do with them saying my content was 'too controversial' and sticking to that by never voting my content.
I was mistakenly voted, once or twice, but only by newb curators.
I presume they have been admonished to not to do that, again.
These businesses will stop pulling from the commons at some point, or I will keep pointing out that joining a gang benefits the beneficiaries of the gang much more than the rank and file.
It also disadvantages everybody with the common sense to recognize this fact and that reject their bs.
Many of those that were willing to brownnose the inner sanctum were rewarded handsomely, and continue to drain the pool, today.
Cubdefi.com and the diesel pools on the tribaldex.com are the place for no effort returns.
Those were only recently made available, but seem to be working just fine.
My returns are in line with what was promised.
If you don't have a dswap.trade bot, I highly recommend it.
Hbd in savings are paying 10%.
Yes, many moving parts to the math of the hive.
The gist of that post is that the whales could suck all the inflation up, if they voted all their power, leaving nothing for anybody else.
In reality, our whales have shown restraint on reaping the pool.
Hive Token Unit! Yeah that makes more sense to me since the rewards are split 50/50 by default
Well I'm happy you stuck around and I'm glad to have the opportunity to talk to you. I'm sure it hasn't been easy at times
Yeah that's fair. Totally different things. My narrow-minded take...
"What's the worst that can happen?"
"Progress is not possible without deviation from the norm"
-Not me
LOL
I'll check these out, thank you!
Got a bit of that going, but is it true that it only pays out when you make a transaction to or from that account? Pretty sure I read that somewhere... That's not really a problem though, just a detail
That's great and I'll take your word for it
I thought of a few more questions, if that's okay
Does the reward pool grow as the network grows? Like, as more accounts are created, or in step with inflation? The fact that the system has made it this far suggests it does, but having a look on Hiveblocks a couple of times lately, the rewards pool has actually decreased a little to 808,021 HIVE since the last time I looked
Didn't get a screenshot but I swear it was slightly higher maybe 8 weeks ago. Around the ~820,000 mark
And over what time period is this figure? 7 days? 24 hours? 3 seconds?
Who is Ned?
So the 15 HTU limit you speak of would be a maximum limit on the value of a vote? Or the maximum that one post can claim from the rewards pool?
And finally,
As you say, there was a time before delegations were coded into the blockchain. So, during that earlier time in the chain's history, was Steemit a Proof of Stake chain instead of a Delegated Proof of Stake chain?
And finally finally,
(sorry)
Is there any way to code out the possibility of this centralising tendency without altering the DPOS nature of the chain? Or do we abandon DPOS completely and "evolve" to a better way? Is that even possible? Doable? What is the ideal goal in your view?
There's at least one benefit to DPOS I can think of: delegating to newbies so they don't run out of RCs too quickly. Are there any others?
Is it a cooperative, social convention that you're after? If everyone was suitably enlightened, no-one would want to delegate their stake to others and the problem would be solved voluntarily?
Cheers for your time, this reply is getting ridiculously long...
Payout of interest is on a 30 day rotation, you can get paid every 30 days, but it takes a transaction to trigger it.
You could go infinite days without a payout if there were no transactions.
The reward pool varies with the price.
When you vote, rshares are given.
Rshares represent the variable of your hp, voting percentage, and number of other rshares active in the pool.
When curation gangs vote, your vote loses value.
When payout occurs the rshare value is calculated as htu and the htu are calculated to become hp and liquid hbd, or hive, depending on the debt ratio, or if you powered up 100%.
Powering up 100% has proven to be the best bet for maximizers.
Many, many moving parts to the math.
There is a moving calculation that determines the value of the rshares in the pool.
I'm not certain of all the inputs.
Maybe @themarkymark, @pfunk, or @timcliff will have a minute to tell us.
Oh man, I have been waiting to hear that question for 4 years.
Ned Scott cofounded steem, and was ceo of steemit, inc.
Stinc, under ned's direction, ran off Dan Larimer, the guy that rode herd on the code being created.
You may remember him from EOS fame, if not bitshares.
He created the graphene blockchain and dpos.
Him and ned had a falling out over control of parameters on the pool, ned won, and Dan created EOS.
Dan abhorred vote selling and ned wanted the cash, as I understand it.
From what I have seen out of eos, we dodged a bullet thanks to ned.
KYC is a deal breaker for most of us.
Between the two of them, they put the hive into motion.
The 15htu vote limit has to be voluntary on the part of the whales.
As we currently have linear rewards, not a fan, it doesn't matter how many votes stack up, so it would have to be a limit on the rshares cast in each vote.
At one time we had the n2.
It doubled the rshares of each successive vote, stacking votes could, and did, go to 10's of thousands of htu's in payouts for individual posts.
You can imagine what that did for the long tail of the commons.
Mandating a vote limit would break certain aspects of the chain and will never be approved by the witnesses.
The whales could force it again as smooth and abit did, but the pr looks bad when they do it that way.
In the second(?) year of
steemthe hive there was a 'whale experiment', smooth and abit were the ringleaders.They flagged all votes over 800mv.
1mv is ~530hp, now, back then it was closer to 250, iirc.
This action was to spread the inflation farther than what the 'bad' whales were allowing.
The n2 reward curve was taking the long tail and chopping it off.
We have linear rewards now, and the long tail is onboarding newbs.
By the whales limiting their votes to 10 15htu votes a day or less, the long tail will extend, and make posting here possible for more people.
75usd a day, in hp, may not be a lot to them, but it is a fortune to alot of us.
The pool is a commons, what I take out, you can't have.
When I dump to btc the value of your stake goes down.
Paula's post explains what happens when the whales take all they can.
And, the price shows you what happens when folks dump, or don't.
.07usd hive wasn't much to look at, but you got many more hive per htu.
Now that we are at .48, and while we were at 8usd, the math is lowering how many hive your htu equates to.
Higher price, lower payouts in hive.
The delegated of dpos refers to the ability to vote witnesses by stake.
Delegation for other purposes was added later.
Absent the ninjamine's blowing out of the math, our distribution would have played out much more equitably.
Each individual account would have had a chance at a more level playing field.
So, unless the top accounts agree to stop reaping the rest of us, or enough little fish band together to flag them, this is what we get.
Imo, every post on trending should have 20+ htu's worth of flags on it.
Anything less is capitulation by the crowd.
The crab bucket is failing.
If making rewards here were easy, everybody would be doing it, and it wouldn't be cool.
Yes, that is a helpful function.
Buying in to play is a hurdle many folks won't jump.
Lowering the bar to get going can only add more folks to the bag hodling.
More bag hodlers, more ability to cash out without starving the rest of us.
I'd really, really like to see a custom developed by which we require newbs to hit a certain target of hp before cashing out, or we stop voting rewards to them.
If every daily author held 500hp, we would soon run the price up.
This might be high for our friends in other countries, we should discuss it more broadly to come to a consensus that folks will observe.
Perhaps a hard coding of 100hp before the 50/50 is available as an option.
More or less.
This book paints a nice picture.
As this one illustrates where we are, and did so in 1908.
This short story gives depth to our options.
What I would most like to see is an end to rule by force.
In the hive, that will only be if those with power leave it idle.
The defi aspects of the chain are beginning to open the door to the possibility of staying ahead of the inflation without having to get that roi from the newb attraction pool.
In the first 3 years we were dominated by folks trying to stay ahead of the inflation, and in the last 2 years, have seen the greediest of them leave.
Things are much better today for average newbs than when I got here.
The brown nosers still do better, but the corporate speak muzzle is coming off.
I can't wait for the next 5 years to play out, personally.
I only see things getting better once our slave chains come off with the end of the fed.
At that point money becomes a very different influence in the culture.
Yes, I will probably have to make a post out of it.
Ask all the questions you need to, we are both better served by good information being available to all.
Open source, yes?
The cooperative is coming, communism is inevitable.
The manufacturers of consent have painted the concept with a very broad brush in order to hide the exit door from their control grid behind the egress sign.
No need to burn books when nobody reads them.
I'm not 100% sure what the question is, but the calculation to add new inflation into the rewards pool, recalculate the "virtual" amount that is in the pool based on the price of HIVE, and payout posts comments is done every block. In normal circumstances, that is every 3 seconds.
I was hoping you were still actively around.
I think the question is, how is the balance in the reward pool determined and at what pace does it refill?
@focus.folks Tim is good witness to vote for, as you can see, he takes time to answer questions.
I haven't forgotten about this. It will just take me some time to type up a reply. I should get to it before the weekend is over :)
No hurries, I know you get busy.
The short answer is it adds a bit more into the rewards pool each block. The exact amount is a little complicated, but the formula is 65% of the new inflation that is generated each block.
At block 7,000,000 Hive had a 9.5% inflation rate, which decreases at a rate of 0.01% every 250k blocks. We are currently on block 56,713,563, so the inflation rate is 7.52%.
The inflation is based on the virtual supply of HIVE, which is currently 412,688,638.
If you take the current virtual supply times the current inflation, you get an estimated annual inflation of 31,034,185 HIVE. (Note this is estimated because the virtual supply will change over time.)
If you take the annual inflation amount and divide it by 365, you will get a daily inflation amount of 85,025 HIVE. This is a rough estimate of how much new HIVE is generated by the protocol each day.
There is a new block every 3 seconds, so that means there are 28,800 blocks per day. 85,025 HIVE per day divided by 28,800 blocks is about 2.95 new HIVE per block.
The rewards pool gets 65% of that, so about 1.92 new HIVE is added to the rewards pool each block based on the current inflation rate and virtual supply. I believe this is the answer you are looking for :)
The amount that the rewards pool is worth will go up or down with the price of HIVE though. For example, there is currently 808,277 HIVE in the rewards pool worth approximately $371k. If the price of HIVE were to 2x, then the same rewards pool would be worth $742k.
The last thing to keep in mind is that the rewards pool is being used for payouts each block too, so as new rewards are being added to the pool, rewards are also being subtracted too. The formula for payouts is very complex, although basically it aims to keep the pool in a state of equilibrium where the amount going out is roughly equal to the amount coming in.
Hope that helps!
Yes, that does help.
I hadn't broken it down that far, but I guess adding and subtracting each block would be the way to do it.
Where do the resources come from to compute all that math?
Is it part of the witnesses to have to add up all the various numbers?
I remember ned saying that the math of a progressive curation reward regime would have to be done somewhere, but I don't think I saw where they decided to do that.
They were referring to changing from the n2 to linear, I think, and that a n1.xx would require these resources from somewhere.
I've never been a fan of linear, but a non-gameable curation solution has not presented itself, that I have seen.
@focus.folks if you have further questions please ask them.
Thank you @antisocialist, I have more questions but no time to ask them right now. IRL stuff getting in the way... I'll get back to this when I have the chance
No hurries,...
Alright I think I understand. You're earning interest all the time, but it's only paid out every 30 days and only then if you've made a transaction to or from your HBD savings account within the current 30 day period. If you don't do these things, you're still earning interest, it's just not sent to your account. If you want to compound your earnings, you need to make sure you transact at least once every 30 days. You don't forfeit any earned interest in a 30 day period by not transacting in that time, do you?
So when does each 30 day period roll-over? How can you know where you are in the cycle?
I followed up until you wrote "debt ratio"
What is that?
Can you explain what linear rewards means, (like I'm five), contrasting it to whatever the rewards were before the change?
When it comes to this, I am five. Younger even. One
What alternative to linear rewards would you like to see?
I had a feeling that one word was being used for more than one thing... like so often happens on this chain 😄
I'm with you there
Thank you for the reading material
Another potential benefit of delegating your stake is to @dustbunny
But in that case it's an entirely different thing to what your post is about
Hard to read due to it being so true...
Absolutely agreed. Just didn't want you to feel obliged to answer all my questions
Commenting on a post with questions about Hive feels a bit like stopping a random person on the street and asking them to explain to me how the economy works
And thank you @timcliff for taking the time to answer my question in great detail! Really appreciate it
Voted for you as a witness
Just the compounding portion.
It's a monthly compound rather than daily, I'd guess.
Peakd shows anticipated payouts in the wallet and does the countdown for you.
(from hivetasks.com in the market info tab)
Debt ratio is the difference between currently outstanding hive, and hive that could be created by converting hbd, shown as virtual supply.
If enough hbd exists to exceed 10% of the market cap of hive were it to be converted back to hive, then hbd's stop being given as rewards and hive is given, instead.
This is on a sliding scale that begins with 1% given as hive and ends with 100% given in hive.
This is called the haircut rule, and posts on it can be found by searching that term.
We only need to worry about it when the price of hive falls off a cliff.
Were that to happen the chain has precoded responses that most folks will learn about then.
As long as the price comes back, the ship rights itself.
It was a dark couple years while we were waiting for the righting to occur the last time the price fell of a cliff.
On the bright side, you get more hive per htu when the price is low.
Linear rewards means that each vote you make pays the same rewards based on your hp.
Non-linear rewards attempt to make a game of curation by increasing earlier voters' curation returns at the expense of later voters.
This serves to bring popular content to trending by rewarding the dog pile with moar.
Except that dog piling doesn't always occur on 'good' content, mostly just popular authors benefit most from this version of curation gaming.
Linear seems to cause the least conflict, at this point.
I'd prefer to find the first day gamified, and any subsequent votes out to thirty days get linear rewards.
Payouts could be at 5, 10, and 30 days before a post goes stale.
I'd prefer that dustbunny not pay a delegation dividend.
I delegate to them to help others earn curation rewards and to suck up the dust from the main source of my voters, dust voters.
They said that nobody would delegate to them if they didn't pay a dividend.
Well, that would be true, except that we are a community that encourages friendly behavior and discourages unfriendly behaviors, for the most part.
I would guess that most anybody you could ask would be friendly, at the least.
It is hard to navigate the hive, many moving parts to the math, many different cliques to explore.
Tim has been an underappreciated asset to the chain since he got here.
He did the faq's some time back, among other needed things.
sorry to barge into the discussion here, I'm totally not up to speed what you guys ate discussing but I figured I should clarify:
@dustbunny does not pay any dividends to its delegators.
Curation rewards are the only "profit" on the bunny's end and are kept with the bunny 100% adding to it's own HP. That aside, fluffing up dust at the tail end of the 7day voting window is arguably the least profitable voting strategy anyways.
The only delegation-benefit is that any dust associated with the delegator's account gets queued with a slightly elevated priority.
My bad, I had you confused with dustsweeper.
You are right that voting on day 6 on posts with dust payouts is not going to pay very well.
Especially with the new curation rules.
Thanks for doing what you do for the little we give you.
Yeah, you're right. It's a friendly hive
Must of seen a reference to the haircut rule way back sometime, 'cause it rings a bell. Good to know what it means now
And I've never got a dividend from my delegation to @dustbunny
They do vote on some of my posts though, so I guess that's pay to play, in a sense
Would be cool to be able to delegate to them anonymously
Yes, I had them confused with dustsweeper.
I doubt the market will notice our dilution of the coin with no effort rewards at this level of return,...
Yeah, just saw fraenks response after I sent my reply to you 🙃
Still, better than nothing, right? Especially for someone just starting out that might be losing interest because they haven't earned anything at all and can't work out why
It was at least 6 months before I stumbled upon a post that told me about how anything below 2 cents wouldn't pay out at all
It's counter-intuitive if you know crypto coming into Hive because most cryptocurrencies can be divided at least down to like 6 decimal points
They told me it was because of the curation rewards being too low to payout, so they just cut anything .019 and below.
One of the funnier whales gave me a .015 vote every day for a long time, just so I could watch it round down at payout.
He's no longer here, publicly.
If you run across any more questions feel free to ask.
The calculations are done on all nodes that run the blockchain. This includes witness nodes, seed nodes, and API nodes.