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RE: Promoting Cyclists with Leased Steem Power
It works out fine when I calculated it. Sometimes it broke even but usually it's still a 10-15% ROI. Everyone lost out on sliding payouts while the price was going down. I'm on the whitelist so I think I get a slightly higher ROI from MB. Waiting until the last minute for a bidbot doesn't guarantee anything if everybody is doing the same thing. If I use them at all I prefer to bid early and big so that the post gets pre-advertising for people looking to curate a soon to be popular post.
I think that the revenue is different fir the whitelisted people, if so this will be good for you and yes doing the same as everyone doesn't guarantee anything but still a (risky) profitable way for people like me :(
If it works for you, go for it. I just prefer MB for myself. I am focusing on certain posts for promotion now though. I mean there's no way to get my film reviews seen unless I promote as much as all the other reviewers. With cycling posts, I end up suppressing all the other posts in the category if I upvote it too much, and I don't want to do that.
I made my calculation, it's profitable for both of us :(
Lets go, u sent 2.5 in return u get 4.7
4.7× 75% ÷2 = 1.76 in sbd and 1.76÷2.3(the current steem price)=0.76 in steempower
So 1.76+0.76= 2.52
2.52-2.5= 0.02 im profit!
I've never calculated it that way. I've gone by the amount of SBD and sp before and after buying votes. Then converted the SP to SBD, subtracted 25% and compared that to what I spent. It's usually been about 10% more. But now you have to factor steem and SP into it.
The maths i gave it what the steemblockchain works with.
You're not converting the SP to SBD though. Steem is worth more than SBD.
Agreed but it will be added to steem power which is "blocked" ( i mean u can't convert it immediately to sbd so in case u powered down after 7days it may dropped) that's way i take a rate of considering both in the same price.
I don't plan to convert it but it has more value currently with a 36% exchange. So .76 ends up being 1.03 in value when comparing it to the SBD used to buy the votes.
So it should be $2.79 -2.50 = .29 / 2.50= .11 or 11%, approximately.
I also consider the paid votes as an added bonus to help curators.
I totally got ur point, for me I'm converting to sbd for now so when its price recover i will convert it back to steem hehe.