RE: Do ALL BIDBOTS Actually Make You LOSE Money? Why Are 50/50 Payouts Not Paid In 50% SBD/50% SBD Worth Of STEEM?
Bid bots are a free market. Ned and Steemit inc did not set them up.
When the price of SBD rose and far exceded $1 the bid bots were somewhat proffitable because Steem was low. The bid bots pay lease fees and the lease fees(unless the bid bot owns all its own SP) went up and up as the SBD situation made it more profitable to the people buying bids.
Anyway.... If they arent profitable right now then people shouldnt use them. They have been unprofitable in the past. People still use them because of ignorance and greed.
The best formula to succeed on Steemit is to Post top quality Posts AND to network and meet people. If you do this you will get occasional big votes from Whales organically. But it takes faith, commitment and willingness to struggle through $2 post payouts.
I have used upvote bots and bid bots as experiments and just to see in the past. I will not use bid bots anymore because there is the risk of getting less than u expect.
The only small possible value in upvote bots is if u use a lot (=$100) and it gets you visibility that gets you more followers and eventually more payout per post and eventually notice by whales. But also some whales will refuse to upvote or follow people heavily using bid bots. So my counsel is the same as I said above: put up top quality posts, socialize and tough it out.
Hope this helps!
Peace
What about the payouts in general? Shouldn't the calculations Have changed when the sbd rose above a dollar? During payout for all posts, half is multiplied times steem dollar value, and the other half is divided by price of steem power. That would only make sense if the value of sbd was a dollar.
I also wonder why it was expected to be tied to the dollar value, and how they thought they could keep the value (pegged) at a dollar? When it became 3 to four times the value, hence the "broken peg", shouldn't the "fix" be as easy as multiplying the stu half by the current market value of sbd, then convert that amount to steem? The way it is now, we are being financially punished for the success and rise of the steem backed dollar.
It also makes it a snails pace to build up steem power through posting.