RE: Bid Bot Usage Report for 02/11/2018

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Bid Bot Usage Report for 02/11/2018

in steemit •  7 years ago 

Not off the top of my head. The bots shown in the chart above have a combined USD vote value of around $70k, so assuming their vote value is relatively constant day-to-day we could assume they're responsible for 7*70=$490k per week of votes. Steem.supply lists the USD value of the rewards fund as $2,900k which would make bots responsible for about 17% of all rewards dispersed on Steemit. Of course it's actually much more complex than that with reward shares and whale participation and a bunch of other things, but that seems like a reasonable ballpark figure.

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One one hand this is not as much as I expected, on the other hand it is already a pretty big chunk of entire upvotes. I still have mixed feelings about using upvote-bots but it seems inevitable if you aim to be successful. I still consider myself as minnow. What is your position?