The decimalized dollars in our earnings / myLot

Preston, England

September 4, 2015 2:18am CST

I was never much good at maths at school, so the decimalization of our earnings stats is confusing. I always thought it was 100 cents = $1 dollar. The decimalization here has me earning 0.2700 is that 27 cents or 2700 parts of 1 cent? Presumably this carries on to $0.9999. It looks as if it takes a lot even to hit $1. Being British of course I'd love to see my earnings in £ sterling. Lol.

3 people like this

3 responses

Yuki

@yukimori (10192)

• United States

4 Sep 15

$0.2700 is 27 cents.

We typically only use two places after a decimal point, but myLot appears to be using an algorithm that calculates our earnings down to four places. If you had $0.1234, that would be 12.34 cents. Honestly, I just ignore everything under a full cent in my balances on various sites that do it that way.

4 people like this

Arthur Chappell

@arthurchappell (44941)

• Preston, England

4 Sep 15

Thanks Yuki. That is quite reassuring. I can pretty well ignore the last two decimal places there now. I can guesstimate and estimate my progress to about a dollar every three days at present but that should speed up the more people get involved in my interactions here too.

2 people like this

@yukimori (10192)

• United States

4 Sep 15

@arthurchappell I think the best piece of advice that's been given out here through the years is to focus on having fun and the earnings will follow. That's certainly been my experience in the time I've been a member, both on the old and new versions of myLot. What I'm noticing on this version is that there's a certain momentum that builds up when you're more active. The more you interact, the more interactions you receive. It doesn't have to be all over the site, either. A couple of extended conversations is all it really takes.

2 people like this

Arthur Chappell

@arthurchappell (44941)

• Preston, England

4 Sep 15

@yukimori Totally agree in that I would never expect to earn a fortune on any site like this, though any addition to my income is invaluable to me at present. As with anything else the more we put in the more we should get back.

1 person likes this

Cahaya

@cahaya1983 (11116)

• Malaysia

4 Sep 15

I think I'll only start getting excited once I reach one full dollar, haha. It does take a lot to get to that but I think if we just enjoy the time we spend here and focus on posting and interacting it can build up pretty fast.

1 person likes this

Just an Ordinary Owl?

@owlwings (43897)

• Cambridge, England

4 Sep 15

I was as confused as you at first but it's really not too bad if you read it as dollars and forget the last two figures (which are to the nearest 1/100th of a cent!). Since it's roughly $1.60 to the pound, you can calculate your approximate earnings in £ with a simple table (here shown to 4 decimal places, as MyLot shows it): 1p = $0.0160 5p = $0.0800 10p = $0.1600 20p = $0.3200 50p = $0.8000 £1.00 = $1.6000 £2.00 = £3.2000 &c. PayPal will convert your dollars to pounds at their going rate at the time of conversion. Since PayPal allow you to have balances in two currencies, I have set my account up to have a $ balance and a £ balance. That way, I can choose when I transfer money from one balance to the other (not that it makes a lot of difference with small amounts). You could, of course, make a more accurate Ready Reckoner table by checking the current PayPal conversion rate. I'm sorry that I can't give you a conversion table for Mancunian Groats. I believe that they vary so much from day to day (and whether it's raining or not) that nobody seems to publish the rates.