If your using bid bots your losing Part 1
Hf20 changed the dynamics of payouts for authors, and curators. In some situations with HF19 you could figure out a way as an author how to get more than 75% payout.
I think the base payout for an author should be 85%, with the possibility of going up to 90% and cap the author payout at 90-92% payout. Thats just my opinion. I believe authors should get rewarded for putting together well structured, well written insightful content. The work involved in structuring the content is very important. Also we would not have a community if we didnt have readers, I understand this but is it so horrible to get a 10% return for reading and doing somethingbthst you love.
I have posted consecutive days since HF20 and my results on my first 3 posts were decent but every post after the first three have been losers. 75% is just not a high enough percentage to make in order to be profitable in 7 days. In the first two days I was profitable on all posts byt after the third day depreciation starts to set in. I know some people will say that it has to do with the price of steem. With five of the posts I upvoted the price of steem was @ .84 and i still took a loss with a stable steem price.
I know some people stay up until 2am in the morning to used bid bots because they get a higher return percentage wise, but that is not consistent, and why lose sleep to make $20 or $30?
Simple math:
Pay bdvoter 1 sbd. You get a return of $1.49. Thats a 49% return. Sounds great.
Multiply $1.49 × 75%. This is what you get back as an author, $1.11.
My profit is .11 cents. Great a 11% return.
And this does not take into account the "daily fade". Your post value will decrease as the 7 day payout approaches. That .11 cents can erode very quickly and you could be taking a loss.
Pay ocean whale 3 sbd. You get a return of $4.00 (keep in mind I have received returns of $4.50 from this bot, but this is a low side analysis.)
Multiply $4.00 × 75%. This is what you get back as an author $3.00. You break even on the post.
If you made a return of $4.50 after your 75% cut that would leave you with $3.37. Thats a 12% return. But you dont always get $4.50 from a 3 sbd upvote, and you must account for the 7 day fade.
Dont waste your money on bid bots. You have been warned.
( for experiment purposes Im going to attempt to upvote this post using bdvoter and I will write a post on my results after 7 days)
If you enjoy this type of content upvote comment and resteem.
Day #6 The "7 day fade" has started yesterday I had a profit of .73 cents 73%. Now its down to .71 cents 71%. Two percent down in one day.
yes.you are right..Bid bot such a loss project for me.
What I noticed is if you spend less on the upvote bots like 1-3 sbd the "7 day fade" hurts you less. Im testing this out on this post specificly.
I spent 1 sbd my profit at this time is 73 cents. Return of 73%. If this holds it would be a nice return. Do you agree?
yes.i agree
Day #5 the "7 day fade". By the end of the day yesterday my post value was $1.69, a 4% loss in value the first day. Today its down to $1.66 thats another 3% downward trend.
After the 75% payout I get as the author my profit at this time is .24 cents.
Thats a 24% profit. Not bad but you only get this percentage on low value posts. Also it looks like Im losing 3% - 4% per day on my post value. My 24% profit might be cut in half by payout. 3% × 5 = -15%.
I might wind up with a 9 cent profit on the post.
Day #4 my post value is down to $1.62 Thats down 4% from yesterday.
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Posts lose 2-4% per day. 7×2=14% on the low side. 7×4=28% on the high side.
This puts most posts in position to make small profits at best, and to take losses most of the time.
Why the hell is there a 7 day fade? This is a dumb feature. We should get whatever upvote value we get. I hate that people can even remove their upvotes after upvoting someone because this can be used to rip people off.