Understanding the point system, point price and earning?

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Avatar for Macronald
4 years ago

Lately, there have been numerous rants about the point system and payment - frozen points, low points, fluctuating point value, change in wallet balance, and so on.

I have made a couple of short posts about my frozen points and slow point gains. These were not to vent my frustration but to get clarity and feedback from the more experienced users since read.cash made it clear that they won't reply to emails about such.

Note that we don't reply to emails about points or the random rewarder, especially about how it works and why it gives or doesn't give you points (each time we tried to clarify these things people started to abuse the fund)

My eagerness to increase my daily points led me to go on a "how to earn more points" search. After reading a few resources on the point system and other related articles, I was able to come up with this article.

Note: These are my informed view of how the point system and price works and doesn't represent the actual and current system. This might me outdated as at the time you read this or not. The point system is still a mystery, we can only make speculations from observations and resources available to us.

Let's dive in!

How to earn?

Random rewarder. The random rewarder is the way to split the daily payout from the fund. Points are allocated. For active users, it means that every article, every useful comment, every upvote, nearly every action that you do on read.cash, gets you a chance to get a little bit from the fund. Random rewarder is still a mystery but it's fair.

Tips: You can get Bitcoin Cash when someone tips your post, but it happens not very often.

Sponsorship: you also earn through sponsorship deals from other users. Though you won't earn much here, it still adds to the earning.

Affiliate Program. Read cash has an affiliate program where you can earn Bitcoin Cash. This offers commission for signing up other people to read.cash. You get 3% of any spending and earning (including upvotes, boost, sponsorships)  by your affiliates. You also get 10% of any points given to that person by the random rewarder.

How to earn points?

Read.cash uses the random rewarder system to distribute the daily fund. To give out your fair share of this amount, they give out points, and then these points are converted to BCH at the end of each day.

Points - they determine the proportion of money from the fund that a user gets. The fund is funded by donors out of their pockets.

The points will be given for the following:

Articles: Publish something interesting that will stimulate engagement from other users - people will notice you, subscribe to you, upvote you, and the views, likes, and comments on your articles will earn points. A good article should have at least 500 characters.

Comments: Useful comments of at least 60 characters will earn points. Short and one-line comments like "good article" "nice" "lovely information" "This was interesting information, thank you for writing this, I learned something" "Very interesting read, I now know more than I knew before", will likely not earn you any points. They are " useless".

Upvote: upvote of your comment, article, or post by a power user randomly gives zero to a few hundred points.

The points ate deducted for the following reasons:

  • Your article, comment, short post gets hidden/deleted by read.cash site moderators for rule violation: -10 points and cancels the points for the article

  • If you delete an article, a short post or a comment for which you were previously given points - these points will be deducted

"At the end of the day all points earned for the last 24 hours would be burned and the daily amount from the fund would be distributed proportionally to the points. Payment happens as soon as the fund donors go online."

Point Price

Point price is the value of each point accrued on read.cash. This value fluctuates each day, and it's hard to predict. At the end of that day, your points are burned and multiplied by the point price to give your daily earning.

The price of each point depends on the daily spending amount (which is currently around $273) and the total points accrued by all users for the day.

Two days ago before the pledge from @MarcDeMesel that led to doubling of the fund, the average point price was $0.0025. The current average point price is roughly $0.0052.

This value or price can be hard to predict.

How to calculate point price?

Point Price = Spending fund ÷ total points (per day)

Tuesday, 18/08/2020

Current spending = $273

Total points = 55573

Point price = 273 ÷ 55573 = 0.0049

Average Point Price

Tuesday point price USD equivalent= 0.0051

Wednesday point price USD equivalent = 0.0049

Average point price = (0.0051 + 0.0049) ÷ 2 = 0.005

This means that as at the time of this post, the average point price at the end of each day is $0.005.

This value can change with a significant change in total points accrued per day and a change in daily spending fund.

earning per day = point price x points

How many points is equivalent to $1?

If $0.005 is = 1 point

Then $1 = 1 ÷ 0.005

= 200 points

It means that currently $1 is worth about 200 points (give or take)

Things to consider:

  • The more total points participants earn per week, the less price of each point is.

  • The more the amount in the community fund, the more the price per point.

At the end of the day, all points earned would be combined and the amount from the fund would be distributed proportionally to the points. Payment happens as soon as the fund donors go online

Personalized point price

All points are not paid equally on read.cash. Good quality original Authors receive better pay than others.

It means that, writers that create exclusive articles are paid more points than someone who basically copy-pasyes articles and comments all day.

Here, read.cash considers originality, proper language use, and quality engagement.

Get full details here

About balance fluctuation

Why is my earning balance in dollars always changing its value? I had $5.75 in the morning now it is $5.40?

Remember that there are no US dollars on read.cash

read cash display Bitcoin Cash amounts at the current US dollar exchange rate, so today it might seem like you have $1.00, but tomorrow it might be $0.98 because the exchange rate changed while the amount of Bitcoin Cash you have is still the same

These are my views and I stand to be corrected. There is possibility some details might be out dated or off, please point such out to me and I will make adjustments effectively.

Remember to subscribe if you liked my content, and don't forget to click like and comment on your reaction and opinion about this article.

Thanks for reading!!

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Avatar for Macronald
4 years ago

Comments

Blockchain powered project is very dynamic and vast , anyone who comes out really as its objectives are going to be successful, read.cash says write good articles that can attract the communities and individuals to part their money in it. That is crux of this venture not just being eager to know how is counting point and earning looks like first. To me , these two things are not different from being automatic. Every wealth creation on read.cash depends on producing valuable articles period.

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4 years ago

This is a great article. Thank you very much!

Is there an easy way to find out who has subscribed to you?

Upvoted and subscribed! =)

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4 years ago

The only way to find out if a user has subscribed to you is if from the user's account

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4 years ago

So if I am to understand this, if I subscribed to Jane Doe's account, there is no way for me to know if Jane Doe subscribed to my account?

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4 years ago

Yes. Unless you have access to Jane Doe's account or JD visits your account, and send you its screenshot.

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4 years ago

OK, great info. Thank you so much for this! I hope you have a great day/evening! =)

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4 years ago

You too.

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4 years ago

thanks for sharing this, very helpful. To my bookmarks!

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User's avatar ffp
4 years ago

You are welcome. Hope it was helpful?

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4 years ago

Grazie! Saluti by kork75

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4 years ago

You are welcome

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4 years ago

This article answered all my questions. Now I fully understand how this platform works to make a profit. Writing good quality article is a must if someone really wants to have good profit here. Thank you for the information. Though Im not really after for the points now... Im just enjoying reading articles and sharing my opinions/point of views

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4 years ago

Thank you for reading and also sharing your thought. I like your mindset on not going after profit and enjoying the reading and sharing of opinions.

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4 years ago

Yup i finding some good writter here and read all of there articles and viewing some of photography here I didn't think that this site would have those kind of writter and photographer ❣️

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4 years ago

Than you very much!

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4 years ago

You are welcome.

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4 years ago

Wow.. You made it word by word and easy to understand... Everyone should read this...

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4 years ago

I could only try to gather some information. I had more info I could have added but it would make it bulky and probably confusing. I am glad you think of it that way

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4 years ago

Try gather some more. There might be changes that is not updated here in readcash.

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4 years ago

I know. I have been reading a lot about this. I didn't come across any information more updated than this. And also giving that @read.cash has been banned, no one is giving us update now.

But, I will put your words under advisement. I will try to get more information on this.

And if you think anything is off. Let me know

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4 years ago

I will thanks..

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4 years ago

You are welcome

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4 years ago

Oh dear. This really a useful and informative article for all of us. You really work hard to clear all the question which ask many user daily. If any user read your this article. I think they don’t ask any further question. Thank you so much to clear the matter of points system, points value etc.

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4 years ago

You are welcome Aminul. The article is still rough. I will reread and reedit with time, and also add more information

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4 years ago

We can learn important matter about @read.cash.

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4 years ago

We keep earning everyday. And some of the points in my article might be off. I would love users to point them out.

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4 years ago

Now it's all clear to me sir. Thank you for sharing us about the points. This really helps many users

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4 years ago

I am glad you feel so.

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4 years ago

Thanks again

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4 years ago

You are welcome

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4 years ago

Thank you for sharing information that are very useful for new users like me that doesnt knkw this platform works. At first i ended here because of income but i like it more here than other social media because its not toxic and has alot of information you could get and read original article from other users.

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4 years ago

I agree with you. But for me, they are bonus. I welcome you to read cash. I hope your time here will be lovely

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4 years ago

thanks sir
you can also visit my articles that i tried

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4 years ago

Okay. I will

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4 years ago

Those ways to get points are rather outdated now, though since the random rewarder came out. Now it's just mostly interactions based and points are then given basing on how your discussion goes and how well you write

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4 years ago

Those ways to get points are rather outdated now,

Which? All that I mentioned in the article?

though since the random rewarder came out.

Do you know that the power user was an update to control the abuse of the random rewarder? Read here https://read.cash/@Read.Cash/power-users-10109226

About random rewarder, how do you think it allocates points?

Now it's just mostly interactions based a

The ways I mentioned are they not interaction based? Comments? Upvotes? Views?

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4 years ago

The one posted in the screenshot and your babsis of the rules, they don't apply anymore and the upvotes you can get is limited now. You're still free to upvote what you want but then it will just end up getting your points frozen, even if it's different users. There's no more power user, i think. Or i just don't observe them enough

And that posted rule on how to earn points is far too outdated. Things have changed since the doubling of values too. You should check the stats

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4 years ago

Are there resources to back up your claims. So I check them out and edit effectively?

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4 years ago

No resources. They were based on observations. There were no new updates on the system since read.cash banned himself, really

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4 years ago

Okay. Thank you for the input and your observation. I will look out for updates and if necessary make appropriate adjustment.

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4 years ago

Thank you for all the information. I was really curious on how things works here and with all the things said above somehow answered most of my. question as a newbie. Thank you so much lovely author.

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4 years ago

You are welcome Sir Jammy. And also welcome to read.cash. Remember to subscribe to my articles. I hope to read from you sometime

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4 years ago

This makes things clearer. At first, I was a little confused about the system. I'll try to focus less on the points and more on reading and writing. Thank you.

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4 years ago

Thank you for your input.

I'll try to focus less on the points and more on reading and writin

This is the best thing to do, if you can

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4 years ago

thanks for the info about points

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4 years ago

You are welcome @Pluma and don't forget to subscribe to get updates.

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4 years ago

Subs back too,thanks

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4 years ago

Hello. What's the link for?

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4 years ago

Excelent article, everything one need to know.

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4 years ago

I am glad you think so. Thank you.

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4 years ago

Nice article. Keep on wroting very good article

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4 years ago

Hey @Pretyjhen.Thank you for your words.

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4 years ago

Thank you very much for this information. I'm new to read.cash and I haven't been able to explain how all this works until I came across this post. Just please, if you know, answer the question: Does my read.cash activity today have anything to do with tomorrow's earnings? I noticed that after cutting the situation, sometimes I start with 3-4 points, and sometimes it is over 40. Thanks in advance for the answer.

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4 years ago

Let me start off by welcoming you to read cash.

Does my read.cash activity today have anything to do with tomorrow's earnings?

Yes dear. Your activities today could earn you points tomorrow, likewise your activities this week could earn you points next week.

Tip: be active, publish consistently to build and maintain a good following,, reply to comments on your articles, leave useful comments on other users articles and upvote good quality posts that you like, join communities that align with your interest, adhere to the few rules of this platform and you are good to go.

Don't forget to subscribe to me

$ 0.01
4 years ago

"Hvala do neba!" this in my language means "Thank you to heaven". I am glad that there are people who want to help and answer questions like this. Thanks again and good luck 🤟🍀

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4 years ago

Thank you dear for your comment. You are welcome to read cash. I wish you a successful time on this platform..

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4 years ago

1st of all your math is a bit wrong. A bit. 192-194 points get you 1$.

2ndly as far as I know, they rules doesn't work anymore. it worked previously but after random reward, I doesn't work anymore. Now everything is up to random rewarder.

For example: I have got 10cent upvote and my post got 50+ views but I received no points. I am froze for almost 14 hours and believe me. not even a fraction of points. the point system doesn't work like that way anymore. It's upto random rewarder now. look at my profile and see my last post. 20 likes may be. Should't I at least get 10 pts for that? but I received nothing.

please research a bit. If people sees this,they will become crazy but won't receive anything☺☺☺

https://read.cash/@Jihan/new-point-value-3ad386c3

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4 years ago

1st of all your math is a bit wrong. A bit. 192-194 points get you 1$.

How did you come about this figure. You probably used your current earning to get this figure forgetting that what really matters is the figure at the end of the day. More points will be earned which will affect the value you have mentioned

look at my frofole and see my last post. 20 likes may be. Should't I at least get 10 pts for that?

Noticed the power user included? Did you read about power user? Please check my post again. Because this doesn't correlate with what I wrote

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4 years ago

Dude, I knw about power user. But I received tip from a 3 month old user. If she is not power user then I don't know who can be. I received one from telesfor sir. His subscribers are over 400. The system you gave, if I am not mistaken, it was before the random rewarder. But I think people were misusing the facts then like you kbow how to get pts and you can easily set things up. I think they had some problem with that and they decided to change the rules. As far as I remember. I emailed them. They told me the same. But about the point system. No one knows how and when in which methods the points are distributed. The replier said he doesn't know either. It's upto the random rewarder now

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4 years ago

The power user update came after the random rewarder. So I still find it hard to believe its outdated unless of course I see a resource that gives such clue.

But I received tip from a 3 month old user. If she is not power user then I don't know who can be. I received one from telesfor sir. His subscribers are over 400.

If you read the comment section of the Power User article, someone asked @read.cash how to know who a power user is, he said its a secret. Also stated that is doesn't depend on how long you have been a user or how many subscribers you have, that even a new user can become a power user. That said, I am not trying to prove you wrong, you could be right, but then, I can't edit what I have published without a proof or resource to give a hint of such been outdated. I really appreciate your feedback and I will do more checks and edit appropriately. I will also appreciate of you share any resource that could help.

I emailed them. They told me the same. But about the point system. No one knows how and when in which methods the points are distributed

@read.cash wrote in one of his articles that, they want to keep how the point system works a secret. If people find out, they will abuse it. He also stated that, they will avoid emails regarding point system, and it works and the likes. So I wasn't surprised to read that the the replier said he doesn't know either. So this goes to prove nothing.

Justsaying

Thank you once more for your feedback.

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4 years ago

That's why I said..don't confuse the users by giving the photo of tge points distribution.. it's old. it doesn't work now😑😑

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4 years ago

Okay. Noted

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4 years ago

Oopss.. relax guys. ✌✌

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4 years ago

Thank you very much

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4 years ago

You are welcome. Remember to subscribe to me.

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4 years ago

Nice. Answered all my question regarding point systme here in read cash

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4 years ago

You are welcome @Henne But note that most of the details in the article are my thoughts and may not be accurate anymore.

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4 years ago

I'm subscribe your channel, Please subscribe me

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4 years ago

Thank you for explaining the system. I am still new to this platform. I have been sticking to it because its design looks really good. However, I think this point system has some demerits. Some users have already started to co-ordinate their upvotes to vote up their shitposts which is making the site annoying to use.

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4 years ago

Thank you for sharing your thought. On a very platform such as this, individuals will always look for means to abuse the system. I want to believe read cash is aware of this and adding measures to help curb such abusive activities.

Don't forget to subscribe

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4 years ago

Thankyou for this now i know and from now on im not commenting any nonsence for their article its useless i comment very usefull for informative article like this . thankyou i subcribe to you to learn more on your article

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4 years ago

You are welcome. I hope to read from you someday

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4 years ago

This is a verry good article.thanks for a sharing.

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4 years ago

You are welcome. And thanks for reading and leaving a comment

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4 years ago

You did the great research. I've went to those articles yesterday and understand how the point system works.

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4 years ago

Thank you Jane for your feedback. To be honest the random rewarder still remains a mystery to me. We can only speculate from the resources available

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4 years ago

I think to us.. we might know how the computation works, but not the distribution of points. Lucky those who will be given random reward points. It varies from time to time. Sometimes even if I receive many comments, likes and views, my points aren't the same from my expectation.

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4 years ago

True. Guess that's why it is called RANDOM rewarder.

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4 years ago

And that power user thing, i think not all the time it's working. 😅

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4 years ago

Well, like I said it's a speculation.

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4 years ago

Yeah.. hope they will explain it clearly to us..haha.. but @Read.Cash is nowhere to be seen as he blocked himself Lol

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4 years ago

Thinking of it, I would prefer it stays a mystery. If they are transparent with that, scammers will use that information to abuse the system.

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4 years ago

You have a point again.. haha. So let's not mind that point system, as long as we're earning points everyday. 🤗🤗

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4 years ago

I agree. As long as we are earning points everyday

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4 years ago

That's the only thing that matters..haha

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4 years ago

Yes dear

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4 years ago

i dont think though that copy paste articles get you any poibts.. but thinks very well explained.

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4 years ago

I agree. Thanks for the input

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4 years ago

nice post

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4 years ago

Thank you. You may also want to read this article on sponsorship https://read.cash/@Macronald/sponsorship-need-to-know-5312cdbd

I would like to here from you on that too

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4 years ago

I now understand the mystery behind gaining points. So, those times I have short comments, I wasn't gaining from them.

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4 years ago

This comment you made is okay. Its more than 60 characters. Just make it useful and relevant to the article you have read. And you stand to earn from it.

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4 years ago

Thank you so much for the article you answered all my questions. @Reo @Ruffa

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4 years ago

Yes, really thanks for this, now we have more knowledge about Point system here unlike before, thanks for the mention dear @cristy

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4 years ago

Though I am a novice in this platform. My learning was little. But reading this, I have learnt many more things. I request u to write up something about a good article quality. By which i earn more point. Thank you in advance.

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4 years ago

Thank you @Ridz. I welcome you to the platform.

I request u to write up something about a good article quality. By which i earn more point

Like you knew my plans. I am working on that already. Will publish as soon as I published it. Don't forget to subscribe to me for updates.

You may want to read this for now https://read.cash/@Macronald/sponsorship-need-to-know-5312cdbd

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4 years ago

All these while I have been multiplying my points by 0.0025

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4 years ago

That was the average point price three days ago before the platform's fund got doubled, so the point price also got doubled.

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4 years ago

By reading this, I have learnt many more things..Thanks for such nicely xplained post😍loved it

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4 years ago

You are welcome dear. You may also like to read this https://read.cash/@Macronald/sponsorship-need-to-know-5312cdbd

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4 years ago

Now my comments to the other article will be long lmao, my friend here once said that you need to be creative about posting articles and comments like the minimum article needs to be 600 words or the comments like 60 words or whatsoever but I think points will be points if you do the thing.

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4 years ago

I agree. 600 characters is easy to get, its not 600 words. I don't see any reasonable article that I'll not exceed that point.

This comment you made is more than 200 characters. Three times what you wrote here is enough. All articles should be able to exceed that. Except its a short post.

Don't forget to subscribe to me

Thank you for your feedback

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4 years ago

Wow, you made it clear to everyone who keeps on complaining about the points, you are such good in calculating. Your insights are all correct, I guess because I can only agree to all of it. Before the donation fund got double the points equivalent to $1 was ranging to 390-400 points, now that it got doubled it is only 200 points, you got it right. I hope this article will reach out those who are confused about how point system works. And people should understand that Read cash does not make people rich, it is a platform for people who loves to write and by the point system is the compensation of read cash, aside from the upvote if the article is deserving to be upvoted by those who likes the article.

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4 years ago

Good contribution from you. Yes you are right, read cash doesn't make people rich, and the earning is only a compensation. Well it's that incentive that brought most users to the platform. I inclusive. Sometimes I just can't help worry about my point and earning. I hope to have a completely new perspective here.

Thank you

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4 years ago

Well, if people including you keep worrying about the points probably sooner you will lose interest in the platform because the point system is subject to change if the developer changes his mind about how to compensate the users aside from preventing those cheaters who are abusing the fund. My advice is that enjoy the platform, the points will come eventually, but know that you cant get a lot of it since as you know points are distributed to all active users. Old users just like me don't care about points anymore we are just here because we love to write and interact with all the writers here.

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4 years ago

I wish I have same view as you. I have been her for just a month, so I am probably not as old as you. Who knows, maybe with time I will get to focus on the people, writing and reading than on the points and what I stand to earn at the end of the day. Perhaps I think this way because of my current situation,

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4 years ago

All informations you provide are very helpful. Even your points calculations are the same to mine. My highest earnings is $0.87~roughly equivalent to 170+ points or something.

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4 years ago

Note. With daily activity on the platform your points and then earnings will definitely increase in no time.

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4 years ago

Yeah I will be more active and engage to others.

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4 years ago

Okay. Good luck to you

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4 years ago

Thanks so much for your information here

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4 years ago

You are welcome Chris. It seems you are new to the platform. I welcome you

$ 0.00
4 years ago

Thank you

$ 0.00
4 years ago

You are welcome dear. Don't forget to subscribe and also visit my profile to check other posts

$ 0.00
4 years ago

This article answered all my questions. Now I fully understand how this platform works to make a profit. Writing good quality article is a must if someone really wants to have good profit here. Thank you for the information. Though Im not really after for the points now... Im just enjoying reading articles and sharing my opinions/point of views.

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4 years ago

Thank you for the feedback. To be honest, if not for the earning, I wouldn't be here. So my first few days here, I was always worried about my points and how much I was earning daily.

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4 years ago

Great article more great wisdom to you mister and more beautiful articles from you

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4 years ago

Thank you Abbex for your kind words. I will sure post more of that. You can subscribe to my articles and also check my previous article you might find something that will interest you

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4 years ago

agree

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4 years ago