RE: A Bit Curious Contest #2 100 SBD in Prizes - 7-10-18
@bit.curious greetings.
Well one of the things that bothers me about some users, is not oriented when renting bot.
the bots are a fantastic tool here in steemit, but everything has its rules, the bots have a suggested minimum and a maximum to be profitable, example; if a bot has a voting power of 10-sbd with a minimum of 0.5 for rent and a maximum of 5-sbd for it to be profitable to bidders, many people do not check this, and sometimes pay more than the bot can give, leaving others losing their investment,
It is not possible that if a bot pays 10-sbd per vote (of course this vote is divided among its auctioned) and the bot carries 7-sbd for rent, come a user renting the bot for 7-sbd plus leading to the that they had rented the bot (about ten people for saying a number) first to lose in their investment ,,, this bothers me ,,,,
I agree, the bots are a fantastic tool but should be used with caution and others in mind. I normally try to bid on bots when they have no other bids on them. As you said, others can ultimately lose out and not profit from not paying attention or overbidding on a already maxed out bid bot.
In part I think many do not pay much attention to the suggested minimum, as they just see the huge dollar amount of the bot and jump right in and bid.
People can be blinded by the almighty dollar sign.