You are viewing a single comment's thread from:
RE: Help - questions about curation
Thanks for your contribution @crypto-econom1st, you got a 0.03% upvote from @canalcrypto!
70% of your contribution goes to our delegators so if you'd like to help us push posts even harder while earning some extra steems please consider delegating to @canalcrypto. You can delegate your SP here: https://steembottracker.com/delegation.html (Delegator = your username, delegatee = canalcrypto), thanks in advance for your support.
To be honest I was only trying if using bots is profitable. And this first test is not really promising. Since the reward for my post didn't go up. But that could be caused either by my very small bid or the way you work....?
Perhaps you used it wrong. On the website there is a suggested max bid, if you make a bigger bid that recommended you risk making a non profitable bid... that's that simple ;-) You cannot make a bid 'too small' though (it's just that profits will be low as well). Bots are programmed to be profitable (they even consider the 25% curation reward included in each vote so a 1 SBD bid will generate a 1,67 SBD vote (25% for the curation pool and 75% - 1 SBD for your reward / post). BUT you have to look carefully at the max bid advised and ideally bid lower that advised to be sure.
I took that into account. At the moment I placed my 0.01 SBD bid it suggested a maximum bid of 0.02 SBD. The total value of the bot was $0.17 and there were already bids for $0.10.
In the end I received 0.03% upvote. So this means the total SBD send to the bot was 0.01/0.03*100%=33.33.
This looks impossible, cause do you really think someone offered such an amount for such a low valued upvote?
Unfortunately it happens you were probably unlucky as I've seen people bidding insane amount because they don't know how to use bots and by doing so they make all the other bidders to loose their bets as well. That's why it's called a bet as most of the time it's profitable but sometimes you get a silly bidder that fake the odds (no idea why they do that though). Sorry again you experienced that on the first bet.
No problem. I noticed the same. The advice is to make your bid last minute. But even then this is a thread, cause more people make a bid at the last moment. And we both know the result when this happens.
I think there is only one party that can be 100% certain they will earn money via this construction, the bots themselves.
I'm trying to figure out a better way to operate for the bots. But so far I can't come up with something better. Any ideas?
We could automatically refund any bid when above a certain threshold. Threshold being the bot being profitable ;-) But it imply the bot would be relying on the conversion rate as well so there is no way to make sure of it everytime. Cheers,