RE: I'm Still Alive - Fluffing Up Dust on HIVE

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RE: I'm Still Alive - Fluffing Up Dust on HIVE

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thisismylife in #dust • 5 years ago

Dust and Bunnies?!? What's this all about?!
If you're new here, you might have missed the memo: Rewards below $0.020 are never actually paid out and get entirely erased on day seven.

Oh really? I had no idea, I have my vote weight for comments set at 25% by default, while my 100% vote isn't even worth something in $ yet. That means I might as well stop voting those comments then? Thanks for sharing this, still learning something new every single day, lol. Have a great weekend @dustbunny, dust away! lol

5 years ago in #dust by thisismylife

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fraenk 5 years ago (edited)

Yeah... this pesky little dust rule is one of the more obscure "features" of this blockchain.

You'd currently need a little over 1000HP to generate rewards above dust with a single vote.

But votes add up, so a couple of smaller votes are still able to generate enough rewards to be paid out eventually. Also, never underestimate the symbolic value of an upvote, a sign of appreciation, even if it doesn't turn into money, it still helps create a positive connection with other users on the platform.

Anyway... keep on upvoting! The situation you find yourself in is specifically why I made the @dustbunny. I've added you to the watchlist and the bunny will try to help out occasionally!

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thisismylife 5 years ago

Well, I shall take your advice and keep upvoting. I think you're correct as it's a sign of appreciation more than the vote value. I've not even paid attention to the value myself either so why should someone else be focussed on that.

I still have a long way to go to the 1000HP, but good to know that that's the turning point of dust getting value as I was wondering the past days when my vote would be worth a cent as well. Does it mean that 1000 HP is 2 cent value? And therefore 500 HP is 1 cent? Or is there a different calculation for this?

Thank you for putting me on the watchlist of dustbunny :) have a good weekend ;)

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fraenk 5 years ago

The reward calculation is actually quite complex and I doubt I can sum it all up in a single comment but I'll try to give you a gist on the points you mentioned:

First, the 1000HP is not a fixed value and amongst a couple of other things it mostly depends heavily on the market value of the HIVE tokens... if the price of HIVE rises, the required HP to generate $0.020 will drop accordingly.

Second, that's where it gets complicated, rewards are not adding up on a linear scale, but on a so-called "convergent-linear-curve"... it's almost linear, but not quite, especially not in the lower range of rewards. The bunny posted a lengthy article about that when it was introduced in HF21.

I've not even paid attention to the value myself

Way to go! And eventually it'll pay off :D

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