Voting on Steemit can be a confusing thing. Especially if you donโ€™t understand how it all works. Steemit is a blockchain that is fueled by a cryptocurrency. Each week, currency is added to the general pool. When you vote, you are allocating a certain amount from that pool either toward or away from a post.

Voting is a great way to help you grow your Steemit account and gain more followers. It will also help you receive some rewards if the posts you vote on go viral. Watch this video to gain a deeper understanding of how voting works on Steemit.

Watch the video to learn all about voting on Steemit. If videos arenโ€™t your thing then check out the transcript below to read more information on how voting works on Steemit.

Voting! Upvoting! Downvoting! What is it? How do you do it? And what can you do to make it the most advantageous for you? All thatโ€™s coming up next.

Hey guys, my name is Spencer Coffman. Thank you for watching this YouTube channel thatโ€™s all about making information known to you.

Weโ€™ve got software reviews, plugin reviews, online hints and tips, social media how toโ€™s, and lots of information on how you can be successful on the steam it blogging platform so you can spread your message, grow your following, and start making money online.

steemitvideos understanding voting on steemit spencer coffman 1

Today weโ€™re going to talk about voting. Now, voting on Steemit is something that you can do to show people that you like their posts.

In addition, itโ€™ll help you build a reputation score, help you get more followers, and it will also help you get more people voting on your posts. Because if you vote on someone elseโ€™s post, chances are they may see that and vote on your post.

Not only that, but you can help keep Steemit a clean, safe, spam-free place by voting on those posts as well!

steemitvideos understanding voting on steemit spencer coffman 2

Now, what do you get for doing all this? Other than a better reputation score, more followers, potentially more votes on your posts, you can also get some money back. You will earn whatโ€™s called a curation reward. This is like an affiliate.

If you find a post and you vote on it early enough, and that post, letโ€™s say, goes viral, then you will earn a percentage. And itโ€™ll be a higher percentage because you found a post that a lot of people liked so youโ€™re gonna get rewarded for having that foresight. Thatโ€™s to recognize that that post was gonna be good.

Itโ€™s like youโ€™re predicting the future. If you predict a post is gonna do well and you vote on that post then youโ€™re gonna get a big reward because you voted early. But if you vote on a post thatโ€™s already doing well youโ€™re not gonna get as big of a reward because itโ€™s already doing well.

You didnโ€™t really see much then, did you? So that is a kind of a nutshell on why you need to be voting on posts and what you can do.

steemitvideos understanding voting on steemit spencer coffman 3

Within voting, there are two things you can do. One would be upvoting, which is telling someone you like a post. The other one is downvoting, also called flagging. When you flag a post, youโ€™re telling them itโ€™s spam. It doesnโ€™t belong on Steemit.

So when it comes to upvoting this is something where itโ€™s like Facebook. Anytime you like someoneโ€™s post on Facebook you just click like. Now on Facebook, you can click like an unlimited amount of times. You can like all the pages, you can like all the posts, you can like everything. No big deal.

steemitvideos understanding voting on steemit spencer coffman 4

On Steemit, you can only do it a certain number of times. Now, thatโ€™s not quite true because you can do it an unlimited amount of times. The only difference is your value goes down each time you do it.

So the typical numbers are you can vote 10 times in a 24-hour period with your vote values staying and a pretty constant rate. If itโ€™s, letโ€™s say 5 cents, after your tenth time it may be down to 3 cents but itโ€™s pretty constant.

Now if youโ€™re a minnow, and your reputation score is like 30 or below, your votes probably arenโ€™t even worth a penny yet. But if they are worth a penny and you vote 10 times, they will definitely only last maybe 5 votes at a penny and then the rest will be like fractions of a cent. No big deal.

steemitvideos understanding voting on steemit spencer coffman 5

The point is, you can vote about ten times and then youโ€™ll be down to letโ€™s say like a zero-rating. After that, you can keep upvoting. People will still get your upvote. It will still help their post because the more upvotes a post gets the faster and higher it can climb in the ranks etc.

However, you will not be attributing any value to that post. So after 24-hours, your value will regenerate and then you can vote 10 more times. So periodically check it.

When you get higher up in the ranks, when you become like dolphins whale stages, you will be able to have a slider where you can control exactly how much money you give to everybody in their upvote.

But for now, every time you vote itโ€™s just a straight allocation of whatever is available. When you get bigger, you have a rotating slider. Usually, itโ€™s when you hit about 500 Steem Power.

You will have that ability to allocate, letโ€™s say, 10 cents to this guy, a penny to that one, a dollar to this one, and so on and so forth. Youโ€™ll still only be able to vote 10 times with that value.

Hereโ€™s a great resource byย @simplymikeย onย how to get a slider even if you donโ€™t have 500 SP.

steemitvideos understanding voting on steemit spencer coffman 6

Now, where does this money come from? Thatโ€™s the big question. Well, the good news is, it doesnโ€™t come from you. It doesnโ€™t cost you anything. It comes from a general pool of cash thatโ€™s generated every week.

Every week, the Steemit people generate a certain number of Steem and SBD, whatever type of currency, and they put it into the blockchain. Itโ€™s a limited amount. So thatโ€™s where this comes from.

Itโ€™s divided up between all the Steemit users. They all get a certain amount based on the reputation scores and how much Steem Power they have. So if you have a lot of Steem Power, youโ€™re gonna get more of a voting power reward.

If you have a little bit of Steem Power, youโ€™re gonna get less.

steemitvideos understanding voting on steemit spencer coffman 7

Itโ€™s all a fixed scale depending on your vote power. So if youโ€™re high, you get more. If youโ€™re low, you get less. And itโ€™s incrementally even across the board. You vote ten times, you wear it down, it regenerates after 24 hours.

The thing is, since they only allow so much every week, or only release so much every week, then if all of it gets used up in the first three days, or the first five days, or the first day, more people keep voting throughout the week, obviously.

So where does that come from? Well, that comes from all of the money that was already attributed to previous posts. This is why, if youโ€™re looking at some of your posts and you say, โ€˜hey, wait a minute, yesterday I had $2.00 on there today itโ€™s only $1.89.โ€™ Some of your money from that post was taken from you.

steemitvideos understanding voting on steemit spencer coffman 8

After one week you get paid out. After seven days because the new regeneration occurs. Every seven days, more money is released to the pool. Until that 7 day period, your post value can fluctuate because depending on the activity on your post, some money might get taken away and reallocated to more active posts.

This is why your value will fluctuate. This is why itโ€™s also important for you to continue commenting, replying to comments, upvoting other peopleโ€™s posts, all throughout the week-long period so your posts continue to grow in value.

steemitvideos understanding voting on steemit spencer coffman 9

The other side of voting is flagging. When you flag someoneโ€™s post, you are telling them it is spam and it does not belong on Steemit. You can get rewarded for doing this as well. You can flag peopleโ€™s posts and put it in the comments.

There is a bot thatโ€™s out there, itโ€™s calledย @steemcleaners. This place will review anything you flagged and they will determine whether it was a legitimate flag or whether it was a malicious flag. If itโ€™s legitimate, youโ€™ll get a reward for reporting that bad content.

steemitvideos understanding voting on steemit spencer coffman 10

Therefore, be very careful when youโ€™re flagging someone. If youโ€™re just flagging them because you donโ€™t like them or because you donโ€™t like what theyโ€™re doing, thatโ€™s not justifiable.

But if theyโ€™re posting something like racism, hate speech, pornography, or anything like that, definitely put a flag on their post and definitely report them to steem cleaners because then you will get a little bit of reward for doing that.

steemitvideos understanding voting on steemit spencer coffman 11

Now, if youโ€™re flagging a post and you maybe want to explain why youโ€™re flagging it, put a comment in there telling the person why you flagged their post.

If this is the case where you just donโ€™t like something they said, put it in there and then if they change it, or if they reply to your comment, you can always go back later and remove that flag and then you could replace it with an upvote and another comment thanking them for making Steemit a better place, or whatever youโ€™d like to do.

But the point is, be careful flagging. Make sure youโ€™re only flagging on justifiable flags.

steemitvideos understanding voting on steemit spencer coffman 12

And then, as far as upvoting goes, vote on as many good posts as you can and do it early. If you do it within the first half-hour is really good, the first hour, the first day, really.

After a few hours, if you notice that there are quite a few upvotes, then you might be better off resteeming that post and upvoting it. Weโ€™re gonna talk about resteeming and the values of it in a later video.

For now, focus on following the people that you think are good authors and upvote their content early on. You can use bots to help you with this. Weโ€™ll talk about that in another video.

For now, basically, you have upvoting and you have downvoting, or flagging. Do them in moderation, do them with thought, and do them often and you will get good rewards for doing so.

steemitvideos understanding voting on steemit spencer coffman 13

I want to hear about anything that you have regarding voting in the comments below. If you have any questions at all on how it works, how often you can do it, your voting sliders, whatever the case may be. Post it down there.

Also, take the time to look at everybody elseโ€™s comments because thereโ€™s so much information there and you guys can learn a lot from each other. In addition, if this is your first time here on this channel I would love to have you subscribe.

Itโ€™s all about making information known to you so you can have the information you need to wisely decide on what tools you need to help you be successful online.

Until next time.

 

Enjoying This Content?

Consider donating to support Spencer Coffman!

Venmoย  ย  ย  ย  PayPalย ย  ย  ย  ย CashApp