@tipU Profitability Check - 11.09.2018
Hi guys, let's how how's the recent profitability from delegating STEEM POWER to @tipU and how it compares to other services.
To compare the profitability I'm using https://www.steemdesk.com and selected users that have delegated the same amount of SP to different services. We're looking for the highest APR which means highest profitability.
@wefund- last 8 days:
You can see that finally there is a service that for last few days had marginally better profitability that @tipU - well done @therising! You can see that the SBD and STEEM payouts are the same so slightly higher APR is probably due to some fractions of SBD/STEEM.
@therising is one of the bidding bots that have no negative ROI protection for vote buyers - which probably means that some of them lost their money by placing the bids but this means more profit for investors.
Let's check delegations made by @lavater which allows us to check profitability for longer duration and include few more services:
@lavater - last 17 days:
Again @therising is #1 with APR better by 0.06% than @tipU.
Of course loosing #1 spot is not acceptable ;) About a week ago I've implemented a change where @tipU waits at least 15 minutes before upvoting a new post. This allows to receive more curation rewards and by this - power down more STEEM each week. After the next power down (in 4 days) @tipU should be able to add more powered-down STEEM to the daily STEEM payouts which will increase APR.
Currently I'm also considering creating @tipu.fund - an account that would delegate to different STEEM services and the earned profit would be transferred to @tipU and distributed among investors. This would be a way to further increase the profitability but in the end I think that instead using the STEEM to delegate to other services, it's better to just pay it out to investors and let them to decide what to do with it. Maybe the increased power-down amount of STEEM will allow to create such an account in near future.
If only this Steem Power was applied to deserving authors for their hard work, instead of anyone paying for smoke and mirrors and a slice of the cream off the top.
The more investors that are involved in these systems, the more the human and true spirit of this platform will wither.
I feel that such a max ROI focus is poisoning the system and hurting adoption, and forcing others to consider making their own bots to ride the broken train for some type of fiscal reward since using the platform otherwise offers bleak rewards with massive SP locked up for a price.
Why not give a few "free" upvotes daily?
No need to make own bots since @tipU shares almost all the profit :)
I'm using @tipU to also curate post that I like (I pay for the upvotes using my share of the profit from @tipU).
Explanation needed:
How is it more profitable to get curation rewards?
If you issue instant upvotes, can't you just calculate a reduction from the payment equivalent to the curation? In the end, you are missing out on an opportunity to have a rare service while not really bringing in any extra money, right? (Maybe your explanation can show me otherwise).
P.S.: How come the VP is not drained these days?
I can, but I want @tipu to earn SP.
Also with HF20 (in around 2 weeks) the author will no longer get curation part of the voter for new posts.
STEEM price falling.
Why do you want curation rewards? Those are illiquid.
You won't even need to power down since you will only have liquid assets.
Pros:
Investors will get instant complete ROI and instant ability to get full refund. There's no need to have locked-up ROI, especially in a bear market.
STEEM is falling hard and the 13-week forward price could be even lower. Why make a gamble when people can get a retrn on the spot price. The investors actually aren't getting 17% ROI (or whatever the current one is) because 13 weeks forward half of their STEEM could be worth half the current price. You can give them returns as per spot value; real 17% ROI.
Also, I don't know how you do your profit distribution, but if these aren't done in 100% real-time, instant votes also give you the opportunity to store the payments in SBD--stable store of value, even for 24 hours, is great in a bear market.
HF20 is not here, you should take advantage while you can!
Because that's the only profit I'm getting for running the service. And it's not even my profit since 60% of it is also paid to investors (in liquid STEEM) and I keep the rest to support invest and reinvest functionality.
The ROI is calculated taking into account liquid payouts each day. No part of it is locked in SP and everybody is free to exchange their STEEM payout into SBD. It can be even done automatically upon payout .
I plan to run @tipU for as long as STEEM blockchain is active, 2 weeks really does not matter in the long run ;)
I get your point - leave the curation rewards until HF20 to boost the payouts but I prefer to have the service in the "balanced" state, not reacting nervously because of the price swings or new STEEM update. That's why I've implemented the 15 minute mark like 2 weeks ago - so it can be already compatible with HF20 and I have time to see the results and react if needed. So far 15 minute marks seems to be a good compromise between instant upvotes and waiting for the 100% curation reward (30 min).
good...........
I delegated part of my baby's college fund to you, so keep it up!
Posted using Partiko Android
So, reinvest is working, but investing is not? I mean, in liquid funds, rather than delegation.
Yep - I've "locked" some amount of @tipU SP so reinvest can be supported but invests are being rejected.
I've come to a conclusion that's it a bit unfair that users who lock their funds in STEEM POWER and delegate to @tipU receive the same profit as those who just send funds to @tipU as investment and can take it back any time they want.
I'm thinking about either limiting invest option, making it less profitable than delegating or ditching it out so reinvest can be supported for as long as possible.
Looking forward to your opinion :) I will be probably making post about it with question to delegators/investors in what direction the "invest" option should go. In the same time I'm supper happy how the reinvest option is working so I'm not changing it in any way :)
Ah! Well that's a mild bummer. I was enjoying following the dip of steem with stable SBD. Knowing that I'd be able to lock in the best possible rates without having to worry about steem sinking further. But I'm glad you finally took my advice! Now to decide if this is the price to buy steem at or if it'll go even lower. Or... Will some of it be available again for liquid investment soon?
Posted using Partiko Android
That depends if any other investor will refund and free up some @tipu SP :)
By the way, my proposition for now - make investments twice less profitable than delegations. So for example if you send 2 STEEM as investment, it's treated as 1 SP delegation. Of course upon refunding you still receive 2 STEEM back.
By this @tipU would be able to support more investments, investors would still receive profit but delegators would still earn more. What do you think?
Hm. Hard to say. Yeah? I would certainly never invest steem. If I have steem, I'm either powering up and delegating or buying SBI shares. It's only SBD I want to "invest" because I want a little cushion against the volatility of STEEM, but I want to do something with it while it's otherwise just sitting around.
Alternatively, you could create an artificial length of time for the investment to be returned (or to start earning the interest). Like, opposite of delegation timeline. So, when I "invest", I don't get payouts on that value until it's been invested for a week. Oh! I like that idea as an alternative way of making it fair. That way, with delegation you have to wait a week at the end to get it back, but you're investing immediately, and with liquid, you have to wait a week for the investment to go through, but you get it out immediately. What do you think of that?
Oh, and, if I try to make an investment, and an amount of SP less than the invest amount is available? Would I get just the difference refunded, or would it chuck the whole thing?
Also, is there a way to check if it's accepting investments, or must I simply try each time?
Currently try each time. I could try to add it to the profile description but it could be confusing for new service users. I'll see if I can fit it nicely.
And thanks for the ideas about invest.
So, just tried and no bounce back, yay... but also no confirmation of investment value. It's only been 10 minutes, but also, it's already been ten minutes, and it usually works faster than that.
Edit: Just got confirmation. YESSS!
Hah, you have used like the last "free" @tipU SP for now but don't worry, it's slowly growing anyway.
Also in the upcoming days I will probably introduce the change where "invest" gives 50% profit of a normal delegations so investing should be open again. Probably this change won't work backwards so current invests won't be affected.
I am a HUGE FAN of @tipu.......Thank You for allowing me to be an Investor.......
Hey! I have a question! Im blacklisted on minnowbooster because im writing some news and political content. Some bots share the same list to ban users.
Is this bot ruled by that list? You can check my profile to saw that im a regular user.
As long as it's not plagiarism or spam, you're good to go ;)
Sure! I dont need, want or like those practices. Id like to curse about politics, thats for sure. Ill bid right now! Thanks
Great aritcle , i follow u @tipU to know for more knowledge from urs posts
you already did so great !! thanks @tipu
This post is supported by $2.2 @tipU upvote funded by @cardboard :)
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