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RE: The Long National Steemit Nightmare Is Over! Introducing Kitty Bot - 0.050 SBD bidbot!
Most of these bid bots work the same way, if you are the only bidder you get the full vote which appears to be 0.75, but if a second person bids as well it gets split up if they bid more than you they will get a higher percentage, eg. If they bid double they will get 66% of that and you will get 33%. I hope I explained that well!
Oh i understand now. Thank for helping me out.
So in theory... if i wa to bid the minimum amount.. wish i. This case apparently is 0.050 and lets say i am the only one bidding... i would get the whole 0.75 it means I would be earning 0,70 out of doing that?
But then .. if someone elses bids I would just get a portion.. equivalent to the percentage i voted? So if this other person bids the same amount as me, it would be 50/50 ?
Yes exactly you got it!
<3
Thanks :)