My Experience on Voting Bots
Recently, I've been fascinated by voting bots and I want to share my recent experiences with them.
For those unfamiliar to the concept, voting bots provide services to upvote your post when you send them a bid. A bid can be as little as 0.01 SBD and can be as much as 10 SBD or more. The catch is that everyone can send a bid. Once the bot reaches 100% voting power, it will upvote the posts of all bids received. Naturally, the one who bids 10 SBD will get a greater upvote than the one who bids 0.01 SBD.
Here's a sample result on bids I've done for one of my recent posts:
| Voting Bot | Bid Sent | Adjusted Returns | ROI |
|---|---|---|---|
| minnowfairy | 0.100 | 0.102 | 1.7% |
| steembidbot | 0.100 | 0.126 | 25.7% |
| boomerang | 3.000 | 2.919 | -2.7% |
| buildawhale | 3.000 | 4.085 | 36.2% |
| TOTAL | 6.200 | 7.232 | 16.7% |
This means, for this particular post, I sent a total bid of 6.200 SBD and after all the conversions and deductions, the total amount of upvotes that voting bots gave me came to 7.232 SBD. A handsome returns of 16.7%.
That said, lest you be lulled into a false sense of security, not all bids will have such great returns. I was a bit lucky most of my bids gave me a higher return. However, I have also seen instances where the ROI
went all the way down to -50%!
So be very careful. Ultimately, my advise on this matter is: if you want to use voting bots, go for it. However, make sure you know first what you are doing. There's a very neat site, Steem Bot Tracker that collates all voting bots in one place and gives you a lot of helpful information before you make a bid. Familiarize all the info first before going in to make a bid.
Good luck! :)
Yep, I think folks don't quite understand how to calculate the adjusted returns which ends up with a lot of people overbidding on bots. Would love to see a blog post on how to calculate adjusted return - I've been thinking about doing it myself - since I think it could go a long way towards ensuring everyone bids more smartly and we can all benefit!
Hey @bigtx31, great to hear from you. Sure, let me work on the computation for my next post.
You are lucky man pospromoter was almost empty :) $53 vote for 4SBD nice work :D
Thanks @petrvl. Just got lucky on this round, as I think Steemit went down for awhile.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by technerd from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
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You got a 100.00% upvote from @steembidbot courtesy of @technerd888!
UpVote haha
You got a 13.28% upvote from @postpromoter courtesy of @technerd888!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
@minnowfairy has given your post a 50.00% upvote!
Follow @minnowfairy to stay updated on our latest programs and initiatives.
You got a 17.86% upvote from @bid4joy courtesy of @technerd888!
A punta de boots. HAHA
Buena información. Gracias.