In this post the goal is to determine the facts and figures on the topic of How much of the Steem Power do the Bid Bots actually use from the total pool of Steem Power owned/staked by Steemians.
As well as look into the figures from various angles, without getting into any opinions.
Prior to continuing this post I must make the following notes:
This post is part of a series of posts and all posts in this series that have been published prior to this post are to be considered as a part of this post.
It is understood (& agreed upon you) that by reading this post you (the reader/viewer) have understood this and have read the prior publications within this series (A list of which shall be provided on each and every post within the series.) and that you understand and agree to the terms by which I am publishing these posts.
The first and foremost figure that I wish to put out there is the total amount of Steem Power that is tied up in the "Bid Bots".
Luckily, the maths has been done by one of our top20 witnesses, @themarkymark .
In his post: How much SP in tied up in Bid Bots?
He literally put a dot behind that topic, with all the exact facts and figures.
If you are not up for reading the post, here is the figure:
Now what this figure represents is the total amount of Steem Power tied up in "Bid Bots" out of the total Steem Power out that is out there. (Note: This figure could vary a little as delegations to Bid Bots do change)
What does this mean?
It means that the total vested Steem that is tied up in Bod Bots and used for automated/semiautomated voting via Bid Bots is = to less than 12% of the total potential votes that can be cast by Steemians.
What dollar values are we talking about?
This can easily be determined on todays date, with the current values of our crypto being approximately:
Steem = $0.40 , SBD = $0.95
and by simply using a screenshot from the website I referred to in PART ONE of this series:
As you can see the total USD figure is at $455 per round.
What does that equal to daily?
Well, considering that there are approximately 9.6 rounds per day we can round that figure up to 10, just for the sake of making things easier to calculate and to understand, the total maximum dollar value of upvotes cast by bidbots on todays date would be under $4,550.
Please take note of the fact that 100% of the Steem or SBD going into the Bid Bots is LIQUID.
While when being paid out:
25% is in Steem Power (curation rewards)
37.5% is paid in Steem Power to the author.
37.5% is paid out in Liquid Funds to the author.
62.5% of the payouts are vested in Steem Power.
while only 37.5% is in liquid funds.
The second piece of information that many people ask is, What percentage of the total rewards are paid out via Bid Bots?
Once again, one of our fellow Steemians and a partner in a witness, but more importantly she is totally into statistics and numbers, and she has done all the maths.
She proves the following:
9,733,070,117 vests were sent as bids to bots for 2018
18.85% of vests paid out in author rewards for 2018 were sent to bidbots
25.95 % of Curation rewards were paid to bidbots
19.10% of Total Vest claimed in 2018 went to bidbots
So from what we can see out of this data is that during 2018 we can safely state that less than 20% of the rewards pool was used by Steemians who were purchasing votes via the Bid Bots.
I have to make sure that I state the following, so as not to confuse anyone out there:
These stats are exclusively for the bots that we refer to as "Bid Bots", which are all listed on:
The above figures do not include any of the other upvote services (bots) out there or other "automated voting" services out there, such as Steem Auto, Auto Voter or any of the other bots run by various people and which also rely upon delegations of Steem Power.
As this series of posts is exclusively for the voting services that we call "Bid Bots", the information supplied shall not venture into any comparisons to the millions of votes cast by other automated bots/voting services out there.
As this series continues this post shall be referred to when necessary and likewise in doing so it shall be understood that all the information supplied by the posts referenced in this post are considered to be relevant and important.
Wishing everyone a wonderful day.
Hope that these FACTS and figures help clear up some of the smog being thrown about by those who claim their opinions to be "facts".