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To know if you have received any karma you can either keep track of your own karma and when it changes (or if you keep forgetting) click the "User CP" option on the top blue menu and it displays a list of the people who gave you karma, what post it was related to, the date of the karma, and the comment (if any) that they sent along.
Everyone starts with a karma of 10. After you have posted once you can give karma. How much karma you give is based on the time you have been a member of MobileRead, the number of posts you have made, and your own karma. NatCh explained it in another thread but it is basically 1 for each month you have been a member + 1/10 of the number of posts you have made + 1/40 of your current karma. Thus if you have been here for one year, made 100 posts, and have a current karma of 80; you would give 12 + 10 + 2 = 24. Thus if the person you were giving karma to had an existing karma of 10 (where everyone starts) they would then have a karma of 34. Your karma remains unchanged. Alex (who started MobileRead) and part of the staff are fixed at 15 for the karma that they give.
There are a few rules about giving karma. You can give it 10 times within 24 hours. You may give it the same person no more than 3 times in a day. You must give karma to two other people before you can give it to the same person again. You may not give karma to the same person for the same post twice.
As yvanleterrible said, it is always nice to send a thank you PM to the people that gave you karma. I have gotten to know a lot of people at MobileRead through these exchanges.
I hope this karma recap helps.
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