If you decide to use these bid bots, understand that nine times out of ten you will most likely get the raw end of the deal. When the vote value becomes outweighed by the total bids the ROI (Return On Investment) goes into the negative. Even if you manage to get an upvote of say 36% ROI, you will still be losing SBD, and or especially the Steem you bid. the reason for this is that the 50/50 SBD/SP payouts aren't really 50/50. Lets just say that you bid $5 SBD, and got an upvote of 100% ROI. The bot upvotes your post to a value of $10.00. Now, lets say that the Steem price held steady at 4.00 the last seven days until your post was paid out. $10.00 x .75 = 7.50. 7.50/2 = $3.75, so you would think that you would get $3.75 SBD and $3.75 SP? Wrong! You would get $3.75 SBD, but the amount of SP you receive is convoluted, and I think a bit of a bait and switch. To figure out what your SP payout will be, take the amount of SBD you earned from your post, and divide it by the average value of Steem over the last 7 days. 3.75/4.00 = 0.9375. Thus, 3.75 + 0.9375 = 4.6875 is what your combined SBD and Steem are, so even at 100% ROI, you still don't really make a profit. The people running these bots, however are making a killing though.
Bid bots are only good for front running, and curating posts guaranteed to payout.
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The way that SP is paid out is retarded. It makes no sense.
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Thanks! I'm not a fan of bots myself and would prefer to grow without them. However, it seems silly not to use them sometimes. Your post provides some consolation.
Does the negative ROI also hold for services where you get 'a vote worth X% of the SBD you send'? Someone recommend me 'bumper' which promises 300% of SBD.
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Services like bumper are a good value in my opinion.
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I wish they didn’t take so long.
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Honestly, I forget the posts I paid for them to upvote most of the time, and I have to go back and check to see if they upvoted.
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The manual bot bypasses the problem of bidbot. When you send a sum, the upvote is already defined. No bad surprises
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Give visibility to your articles.
Get an upvote 2.5 to 3 times bigger than your send.
Read the explanations on @friends-bot
FRIENDS-MINNOWSBOT is a new bot made for beginners.
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Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Mathiasian 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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