How to Use Steem Bot Tracker

Something I see a lot of these days is bid bots not delivering a positive return for their users (that's you).

When the value of bids sent into a bid bot exceeds the value of the votes the bot can distribute, everyone who sent in a bid loses money.

Even with a tool like Steem Bot Tracker available to monitor upvote bots and determine if they've already been overbid, nearly every bot is bid extremely close if not above the maximum profitable level.

The thing is, people may not realize they being duped. The STU-value shown on your posts doesn't tell you how much you receive, as up to 25% of the post rewards will go to the upvoters as curation. Unless this 25% curation penalty is factored into your profitability calculations and the vote you receive isn't multiple times the value of the bid you sent in, which only happens when bots are underbid, it's very likely you will lose money on your bid.

Thus, people continue to use bidbots because they erronesouly believe they are making money from them. In reality, they are only making the bot owner money. One need only monitor steembottracker.com for a few minutes to see that nearly every single bidbot (and there are dozens of them) gets bid close to or over the maximum almost every time. The bot owner has no incentive to discourage this.

TLDR; Stop using bidbots! They are not an investment but a gamble.

If you have spare SBD, now is actually a really good time to trade it for STEEM on the internal market, as you can get more than 1 STEEM for every SBD. Power that STEEM up and put it to work for you either through commenting, posting, and voting or delegating your Steem Power through Minnowbooster where you can earn STEEM daily. In addition, Minnowbooster has a vote selling service with a guaranteed profitable upvote or they refund your send. Together, these options are virtually guaranteed to make you money. It will also free up the bidbots so they can start becoming profitable and thus useful again for actually promoting posts.