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RE: How a bidding bot works
Hi @skydragon thanks for the explanation. Hope I can get a reply from this older post. I am very new here to Steemit and trying to understand voting bots. I understand your explanation but I don't understand how the bots make a profit. In your example the bot makes $4 from bids but pays our $10. Why wouldn't the bot just vote for the bot's own post or comment and take $10? Am I missing something here?
Hi @Rceibike, thanks for stopping by. You are correct with calculation. but it’s useful for people who cannot be on the site to comment or creating posts everyday.