A question about the payment algorithm
May 28, 2017 8:05am CST
Can any of the admins possibly help on this issue. I understand the principle perfectly, that's not what puzzles me. I have been through the faq and it's pretty vague on the subject. Its the scale to which it is possible to earn from a successful post that generates a lot of activity and interaction that I am interested in. As an example let's say a post generated 40 replies and twenty likes, what would the person who posts this be looking at in terms of revenue. I realize it's not that simple but a basic figure would be helpful
6 people like this
• United States
It is dependent on a wide array of variables. To be honest, even I don't have much knowledge on the inner workings of the algorithm. The best advice I can give comes from some of the top earners here. Don't worry about how much what earns what and just have fun. The money will follow.
7 people like this
• Worcester, England
You've already got the answers I see. You've also quickly realised that for many here the money is just a bonus. For some it is the main thing but for long term members (10+ years) it is way more than that. Anyway, I very rarely post discussions and mainly stick to responding to other people. I make $5 per month if I'm active and $5 every other month if I'm not so active. The most I've ever heard of being earned her on this version is $50 in a month. The very top earners may get between $20-30 monthly. I'd say this isn't a site that should be regarded as an earning site but it is fun and can indirectly help you to earn more as you'll pick up info and help from mylot members about other sites.
Nobody knows the answer to this. The owner and/or admin don't say. Instead of working on this problem you should start becoming active. You'll soon learn how much you can earn in a day/week/month. As a newbie, you can call yourself lucky if you reach the payout limit of $5 a month.
Thanks guys. I wasn't looking for the actual algorithm, just a rough idea of the average earning potential of a successful post. I understand you not wanting to share the algorithm @jolietjake I am writing a commissioned article for one of my clients on various online platforms that operate a revenue sharing system with their users. I have been on various sites over the last few weeks, some of which have actually shut down shortly thereafter. I like the system you have in place and your community seems really happy. Just trying to get my head around how much users can and do earn every month.
• Cambridge, England
The actual workings of the algorithm are proprietary and secret. It might be possible to estimate the actual amounts allotted for responses, comments, likes and so on because those are known (or, at least, recordable) variables. If you are familiar with maths, you will know that any sum of variables requires a number of simultaneous equations which is at least as large as the number of variables you need to solve for, so, by recording the number of responses, comments, likes and any other variables you think might contribute for as many days as you have variables, you could potentially work out the value that each contributes - that is, IF (and it's a very big IF) you can assume that the value is constant from day to day. In fact, any similar system of rewarding users which hopes to remain profitable must, ultimately, be 'points-based' - so many 'points' are allotted for a response, so many for a comment, so many for a 'like' and so on - and the value of each point MUST be variable depending on the total number of 'points' awarded over the whole user base and the amount of revenue available for payment each month. As these last two figures are NOT available to an individual user, it is impossible (and a pointless exercise) to try to second-guess the algorithm.
From my vast experience of being on the site (a few hours) it puzzles me why other forums and online communities don't follow a similar model. It's a lot more effective than paying random people with no interest whatsoever in the forum itself, to post. If it were me and I owned the platform I would definitely be looking at developing a plug-in based on the algorithm to offer to other forums. It would give them a much more viable means of building a loyal community and rewarding their active members rather than puting the money into paid posters.
• Cambridge, England
@artner myLot has taken a good deal of trouble to create an algorithm which is as fair as possible to the users (by attempting to reward for 'quality' as determined by other users) and, at the same time, sustainable in that it only pays out what is affordable to the site. The system I outlined above is just one possible way in which this might be achieved. I cannot possibly know whether this is the actual model used (because only the programmer knows and he ain't tellin'!) but it is my (educated) guess at how such a system might operate. myLot has every right and many reasons for keeping their system to themselves, not least because if the exact workings were known, it would, potentially, be easier for someone to exploit it to their own advantage. Even if they sold the algorithm as a coded 'plug-in', such things can be reverse engineered and, in any case, the market would be rather small and likely to be composed of direct competitors.
• Ponce De Leon, Florida
I really dont have a better answer than the ones below. As you can see even the admin's aren't totally sure how it works. it will take some time to build up the following and audience for your posts to generate income, but you are not going to get rich writing here. It is fun though, and the few cents it brings in is just a added bonus.
Yeah...This post clearly shows you are familiar with data structure...The same Push and Pop functionality applies here...To push money ,you should interact more and there after money automatically pop out to your PayPal account...Lol.Also many topics are in Queue , so you can give your response to the discussions which you are interested...