Between the price of STEEM being so low and many people not understanding the voting bots; the auction market is hard to achieve a profitable upvote at this moment. People make bids based on the green highlight thinking they are having a profitable bid but it turns out creating a negative ROI for them and everyone before them.
I went to the market this morning and saw that @shares was profitable according to the steembottracker website.
So I scrolled up a little bit and input my proposed bid into the calculator. I suggest you do this before you make any bid, it will show you hypothetical vote value if no one bids behind you.
Please note that the vote calculator says I will be recieving a 0.37 USD vote. Below you will see I only recieved a 0.33 USD vote.
The calculator says I will loose 0.01 SBD and gain 0.02 Steem at current rates.
Here is the updated bidbot auction afterwards, as you can see the bid values have increased by 0.1 to reflect my bid.
Here is a copy of what the vote calculator said would be the value of a 0.1 bid would be if someone were to bid behind us. It claims to be profitable but check my math below to see the small loss you would have gotten by bidding on this "profitable" auction.
The auction was soon over and here is the end result screen which indicates I would get back 0.15 SBD after curation:
Lets's check the numbers and see how I did.
If we convert the STEEM back to SBD this vote would be worth 0.10093 or .101 at the current conversion ratios. If STEEM rises before the payout our payout could drop into the negative.
In conclusion:
The green highlight at the bidbottracker site doesn't guarantee you a profit.
Compare the numbers I have circled in blue and red below for a quick estimation of profit or not before you use the bidbot calculator.
If you can't read the print on the picture above:
If the number in blue is around >= 2/3 the number in red your vote will be break even or loss
If the number in blue is around <= 1/2 the number in red your vote will be profitable on SBD + STEEM
This whole article assumes the bid bot will be bidding after 30 mins and will get a portion of your curation, if it bids before 30 mins on your article this information will not be correct as you will receive part of the bots curation rewards.
Questions or comments below:
The @shares is to help minnows a little bit of push this is why you can submit post for as low as 0.1 SBD/STEEM. But some users sending higher bids to reach the peak of the votes ending up a break even, sometimes lower percentage gain.
Right now, there is no way for the voting system to limit users bid but I highly encourage to bid between 0.1 to 1.0 SBD/STEEM only in this way you will have higher chances of getting better percentage.
And if the minnows content is worth sharing, they will be included to "Let's UpGoat a Minnows" post for another chance of curation from other members.
Your honest review is much appreciated, and I hope others will follow this example.
Cheers,
@yehey [ Witness ]
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the @shares was just an example. I was actually trying to review another but missed some screenshots and wanted to get this information out instead of waiting 2.4 hours for the other bot to get to the top.
I have noticed that many people will bid last minute and push bid over the upvote worth, which means they are taking advantage of the 30 min rule or they just have no idea what they are doing.
I was hoping by publishing this information some people might take the time to think about what they were doing.
I am still learning the intricacies of the different bots and am trying to review them so that others can see some of their quirks. Like @booster you should read that review....
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The computer will provide the estimate before the end of cycle, which is accurate at that time but will dramatically change for the last minute bid and messing with the actual vote worth.
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A well deserve thank you.
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This post has been upvoted by @nanobot with 16.6%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can also make some profit with your witness vote?
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Your post is very informative and thank you for sharing .Keep up the good work .
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I am done with steembottracker.com, except for only one single dimension: Voting Time ⌚, accumulated bid amount, and max 3.5 limits. The rest I find useless as I always find incoherent data in Upvote Values as I compare to Steemworld.org data.
I don't understand why they list unreliable and non @grumpycat compliant bots
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I found these inconsistencies you are talking about so I started to do bot reviews to see how they stacked up. During this exercise today, I learned that the number listed for ROI after curation takes both SBD and STEEM into account.
In regards to the bid bots what I have found works 80% of the time is voting when the number in red is 2x or more the number in blue. The voting time isn't always on either. Read the MrsWhale and getboost reviews.
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To really know if you are making or loosing coins, take your accounting only on Steem and SBD. Don't use $ or you will get confused.
My airtable tracks my total income in Steem and how much SBD I have at play and including reserves, plus Steem.supply Forecasted SBD.
Think STU not $USD
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I normally try to account only in SBD. If Steem stays above SBD and bots transition to taking STEEM only I will transfer to STEEM based accounting but at the moment it is easiest to do SBD.
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I've been thinking I really need some kind of spreadsheet like that, but to be honest, I don't know where to start...
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Go to airtable.com
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To me Steembottracker.com lost all credibility. As you are doing it, I learn by making mistakes and getting hands burned. And if you use @sneaky-ninja, then @grumpycat will run you over
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I have had good luck with @sneaky-ninja but also don't have lots of experience with them.
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Use an airtable and make your own spreadsheet to make real ROI calculations. I do have an strategy for gaming since I have made some coins but not aware what I have done, except running 20 bots at last minute at day 6. But that is not correct. To really make it you have to bite the 25% curation reward, which bring us to Bid at t=5 to 10, ➕ bot voting time ⌚
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This post has received a 0.24 % upvote from @drotto thanks to: @royaleagle.
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This post has been upvoted by @microbot with 5.8%!
You want higher upvotes?
Vote for my creator @isnochys as witness!
Did you know, that you can also make some profit with your witness vote?
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2.11% @pushup from @royaleagle
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You got dragonized with 50.00% upvote from @skydragon, courtesy of @royaleagle! See biddings: https://www.skydragon.me ; Delegate Steem Powers to @skydragon and Earn Profits (Details: https://steemit.com/profit/@skydragon/become-an-investor-of-skydragon-bot-service-and-earn-profits).
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This post has received a 14.29 % upvote from @chronocrypto thanks to: @royaleagle.
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You got a 15.93% upvote from @minnowvotes courtesy of @royaleagle!
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This post has received a 12.20 % upvote, thanks to: @royaleagle.
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You got a 1.22% upvote from @allaz courtesy of @royaleagle!
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