Quote from: qazgroup on March 19, 2018, 09:01:26 AM

Although i like steem platform, i always wondered how they generate revenue to pay content writers and bloggers because there is no visible ads anywhere on their website, only paid thing i see is sponsored or sticky posts but that does not seem to generate any considerable revenue, i hope they will start being more transparent and publish monthly or quarterly report about platform revenues and expenses.

haha, its all open, its crypto, steem is ''mined'' by witnesses. See every action you take on steemit constitutes a transaction. Getting upvoted, flagged, posting, replying, commenting, all of it is a transaction on the steem blockchain. A set of transactions are collected together to form a block.

This block is then mined to ''release'' steem.

There is a set amount of steem available per day called the ''reward pool'' which is shared among content creators.

This is where ill stop, im not really into the technical side, but smooth should easily be able to answer you, hes been there longer than I