Introducing Next Vote - Maximize your curation rewards by upvoting before the bid bots
Hi Steemians, I'm glad to announce a new tool that can be useful for many people, especially minnows. As you know, Steem blockchain has been designed to incentive the good curation. If you upvote a post which has low value and time later it becomes popular, then your curations reward increase.
Next Vote is an App that shows you a list of posts that will receive a good vote from a Bid Bot
Voting bots are a popular way to promote posts. You pay for a vote, but in reward, the vote is worth more than what was paid. Some of the bots, like @minnowbooster or @randowhale, give upvotes just after they receive a transfer. But there is a type of bots that receive bids, and every 2.4 hours distribute 100% of their vote among the participants. They are the Bid Bots. This is an important information because we have a period of time where we could upvote some posts before the bid bots in order to increase our curations rewards.
In other post we saw some interesting points about the curation rewards and how to optimize them. I only want to mention two:
- The minimum curation received is the eighth part of the value of your vote.
- The curation rewards are proportional to the root square of scale factor.
Suppose you upvote a post, and after that, it is worth in $2. If this post finally goes to $100 then it scaled 50 times after you. The root square of 50 is 7.07, then your curation rewards scale 7.07 times. The advantage of the bid bots is that we can know which posts will receive an upvote and at the same time its approximate value. If we choose posts that will scale a lot, so will our profits increase.
Next Vote Website
This website scans all bidbots and the current round of each one in order to show a list the posts that will receive an upvote. It is based on the bot list provided by steembottracker.com.
Each post contains two values: The first one, with sign $, is the actual payout, and the second is the transfer done to the bot in SBD. Additionally, there is the title, author, picture, and the time remaining for the bot vote.
There are 3 ways to order the posts:
There are 3 ways to order the posts:
- Order by curation: The order take into account the curation reward that will be received. This order depends on the vote value, then there is a field to introduce your vote value or your account to calculate it. The curation rewards are calculated using this formula:where
P0is the post payout before your vote,
P1is the payout just after your vote,
PTis the total payout of the post,
vis your vote, and
tis the rule of 30 minutes (1 for 30 min, 0 for 0 minutes).
If you are a whale the order probably will be from posts with $0.00 (where you receive at least 1/4 of your vote). If you are a minnow the order probably will be one with the best ratio bid/actual_payout.
- Order by bid: The bid is the transfer done from the user to the bot. The best bids are listed first. However, keep in mind that a good bid does not necessarily imply a good curation. A post is most profitable if grows from $1 to $10, than from $50 to $100, despite the fact that the first grew less in quantity. As I mention before the important part is the scale factor.
- Order by remaining time: The posts that will receive a vote soon will be listed first. This is good to give priority of reading, in order to read as many publications as possible.
How to check the curation rewards?
You can use a very useful explorer called steemblockexplorer. Over there you can consult a detail of the votes including the actual curation distribution. Just take the post's link, and change "steemit.com" to "steemblockexplorer.com". I recommend you consult it just after you upvote, and after the upvote of the bot in order to see the differences.
From this tool a new community is borning, its name is @nextvote, and its principal function is to promote good content from the posts that will receive an upvote from a bid bot. The trail of this community will be very useful for many minnows in order to receive better curation rewards. Additionally, it has good rewards to delegators of steem power. More details here.
- Commit 1: Initial web development.
- Commit 2: Order of the posts and progress bar.
- Commit 3: Union of different bids for the same post. Better performance loading.
Posted on Utopian.io - Rewarding Open Source Contributors