Bid-Bots Return on Investment
I was asked about returns on investment of using bid-bots and did some research. I am sharing the result I have found.
Whether it is a good investment or not really depends not only on the vote value ratio (usually 2x - 2.5x) of the bid-bots, but also on the exchange rate of Steem vs. SBD and the exchange rate of Steem vs. USD at payout time.
I did some calculations based on current conversion prices and came out with the following results.
At the posting time, the investment return of using bid-bots is positive when you get at least 1.88x vote value for 1 SBD bid. If you get 2.5x, you are getting at least 30% return. For Steem bids, the break-even point is 1.77x.
You can simply multiply your bid value to calculate your additional author reward payout from the bid-bots. No matter how much you invest, the return % stays the same :)
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Your post is very important and good
Thank you!
Sneaky Ninja Attack! You have just been defended with a 8.30% upvote!
I was summoned by cheneats. I have done their bidding and now I will vanish…
woosh
P.S. If you or anyone you know has been a victim of @grumpycat please know that he has been harming people throughout Sōsharumedia (ソーシャルメディア). Stealing the service that I (and other bots) have provided them and hiding behind a facade of stopping bid bot abuse which he clearly has no interest in.
Sneaky Ninja is a very responsible bot, working directly with steemcleaners, actively pursuing spam and abuse on our platform. If you would like to see what steps Sneaky Ninja has taken to fight bid bot abuse see this post and this post. Also know that I am working daily on other solutions.
If you would like to know my personal take on bid bot abuse and why I do not agree with the 3.5 day rule, see this post
Grumpycat is a villain that must be stopped to protect our freedoms here on steemit!
There is a resistance that has formed to counter his tyranny.
If you would like to take an active role in stopping this menace and helping other victims like yourself...
Learn More Here
I have also summoned my love, Kusari to offer some limited help to victims like you.
See Here