If you ever placed bid at a bot, you should know the upvote amount could sometimes be less than expected. Let's see a possible reason in this episode of steemit in a minute.
Steem Bot Tracker
Steem Bot Tracker is a well-known tool that helps bidder to view and to place bid at upvote bots. I am not going to explain in details about how it works because there are lots of other good articles writing about this tool. If you want a quick and easy reference, here is very good video uploaded by @jerrybanfield.
Steem Upvoting Bot Tracker Shows Where to Buy an Upvote!
Assuming you already have some experience on bidding, let's see a case that explain why the upvote amount could be less than expected.
First of all, bidders should all be familiar with above screenshot. A table that list all the bids in the current and last round. On top of the table, it shows the total vote value. In this example, the total vote value of the bot is 2.29 SBD.
That means a total of 2.29 SBD is supposed to be voted on bidders' posts according to their bid amount. At the time of voting, the bot should be at 100% voting power.
Thanks to the transparency of blockchain, we can always dig out the truth. By simply go to https://steemworld.org/@theBotName, you can see how the bot upvote the bidders in details.
On the right-most column, it is the time of upvote. We can clearly see a pattern that upvotes are grouped in rounds. It is because it takes time for the bot to resume 100% voting power between rounds.
For each round, if we added up all the vote %, we can easily see the total. In above diagram, it is found that the sum of all bidders' votes was only at 54%!!! It was not 100%.
By scrolling down to see the previous round of this same particular bot, it is found that the sum was only at 84%. Once again, it was not 100%!!!
One legitimate reason is that the bot runs a shorter round of bids. That is to say, it spends less voting power each round so that it takes less time to resume voting power for the next round. The advantage is that bidder need not to wait a long time for the upvote (2.4 hours the worst case). But the upvote value is expected to be less as well.
In above example, the time of that two rounds were 8:15 and 10:26 respectively. That is roughly equal to 2.4 hours. That was enough time to resume closed to 100% voting power. But somehow this particular bot offer much less that 100%. And this value changes in different rounds.
In the round at 10:26, nine bidders expected to share a 100/9 = 11.11%. However, all bidders got only 5.99% 😠😠😠
A Trust Worthy Bot
If you care about the upvote amount, it is suggested to firstly check against steemworld, or any other site that shows you the actual behaviour of the bot. A trust worthy bot should look like this.
Conclusion
To be a smart bidder, check out the figures as much as you can. I know that it is a very steep learning curve if we deeply dived into the details of calculation. With my own little knowledge, it is also possible that I still missed something in the picture. Please feel free to give your comment. It is always fun to learn from the steemit community, and that's what we are all here for.
Thanks for reading.
@gsxr - please let me know what bot this was that is not using 100% vote power and I will investigate.
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@yabapmatt, I am glad to see your comment on my post. Thank you for your attention. Please kindly check my private message in your wallet.
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You got a 22.22% upvote from @proffit courtesy of @gsxr!
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Thanks for writing.
With https://steemworld.org I learned one more useful resource by reading you posts.
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Yes, that's a useful website. I hope you like it.
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After reading this, my trust on those bid bots went down from 100% to 54%. Good job in finding this, I've always thought it was less because a sneaky huge bid was at put on at the last minute.
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Yes, you're also right. Most of the time it is the last-minute bid which cause harm to all bidders in the pool. It seems like they still do not well understand the game rules.
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Thank you for this post. Just earlier I wrote my own tutorial on how to effectively use bidbots. Now I learn something from this post. I will put this into practice to see the trustworthy bots.
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Thank you for reading. I guess may be some of them are still under development or kind of mis-configuration. Anyway, upvote bot is relatively a new concept to be further tested and explored. Let's keep in touch to share our experience. Nice to meet you.
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Great info you are sharing here, @gsxr!
I had never seen an explanation why the votes never lived up to what was promised.
Does this mean the bot owners make extra money? Probably, why else would it be like this...
Greed is really killing this platform... :0(
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Thank you for reading @simplymike
I think if the bot owner intended to maximize the profit, he would run more shorter cycles frequently. If you stayed on the screen of Steem Bot Tracker for an hour, you see some bots come up again and again...
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Any idea why this is happening then? Wrong configuration?
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I'm not sure. My wild guess is that it could be some new bots are still under development.
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Wow, this was some really useful information, Thanks for sharing boss
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I am glad to see you found it useful. Hope to see you again soon.
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Also don’t forget that 25% of the value, which the bot does upvote goes to the curators.
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Yes, that 25% curation a significant part. Also taking into account only 50% of the amount paid in SBD, it is difficult to make a positive ROI.
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That's why if I do use an upvote bot, I will only do it after several hours. So that the manual curators also profit a little bit from the upvote bot.
I hate it when people do use upvote bots instantly cause they wiped out all curation rewards for the people how are really appreciating the article!
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Release the Kraken! You got a 2.92% upvote from @seakraken courtesy of @gsxr!
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@fishbaitbot is luring fishes with a 20.00% upvote thanks to @gsxr!
Delegate to the @fishbaitbot and get 98% of the profits which is higher than all upvote bots! Click on one of the following links to delegate 50SP, 100SP, 250SP, 500SP, 1000SP or 5000SP.
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You got a 3.64% upvote from @minnowvotes courtesy of @gsxr!
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In the fight of Humans vs Bots, @megabot defended you with 14.29% upvote courtesy of @gsxr!
Support @Megabot by delegating SP to the bot and get a part of 98% of @Megabot's profit.
Direct delegation links : 10 SP || 50 SP || 100 SP || 500 SP || 1000 SP || Any other amount of SP
Join our discord group here.
Thank You !
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You got a 8.93% upvote from @flymehigh courtesy of @gsxr!
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You got a 12.20% upvote from @childfund courtesy of @gsxr! @childfund is a bid bot to help the steem community sponsor a child.
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Great post!
Thanks for tasting the eden!
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You got a 20.00% upvote from @lrd courtesy of @gsxr!
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You got a 19.85% upvote from @dlivepromoter courtesy of @gsxr!
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You got a 33.17% upvote from @pushbot courtesy of @gsxr!
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You got a 22.22% upvote from @luckyvotes courtesy of @gsxr!
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by gsxr from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
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You got a 6.45% upvote from @bodzila courtesy of @gsxr! Join our Discord Channel https://discord.me/SteemBulls for support & feedback
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You got a 25.00% upvote from @brandonfrye courtesy of @gsxr!
Want to promote your posts too? Send a minimum of .10 SBD or Steem to @brandonfrye with link in the memo for an upvote on your post. You can also delegate to the bot for daily passive earnings. Learn more here
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This post has received a 18.94% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
Invest your Steem Power and help minnow at the same time to support our daily curation initiative. Delegate Steem Power (SP) to @shares by clicking one of the following links: 1000 SP, 5000 SP or more. Join us at https://steemchat.com/ discord chat.
Support my owner. Please vote @Yehey as Witness - simply click and vote.
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Congratulations you have been upvoted and resteemed as part of my personal #newbieresteemday’s top posts of the day
To reach more people, try out the #newbieresteemday Discord Chat channel Post Promotion Box.
We invite everyone to use our #newbieresteemday tag for their next post (or #newbiegames for their next game or contest) to connect with more of our members.
To learn more visit: Come Join Us!!! (Newbie Resteem Initiative)
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Thanks for your comment, upvote and resteem. Your help is a strong encouragement for newbie like me to keep blogging on steemit. Thank you :)
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You’re welcome :0)
No one makes it to the top alone... lol
Together, we can make a difference. There’s a whole new generation of Steemians (like you and me) who are growing and will one day make SteemIt great again!
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Your Post Has Been Featured on @Resteemable!
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You got a 20.00% upvote from @nado.bot courtesy of @gsxr!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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