You are viewing a single comment's thread from:
RE: Bidbot ROIs - Steemit Business Intelligence
Once again, the post, and data you presented is amazing. The only bidbot I use is @minnowbooster. I only use it at least on the 6th day of the post or before the 12 hour deadline for upvotes to prevent my upvote value to decrease. Never really analyzed the data if it is profitable, with your post I will try to analyze the returns.
Hello @vallesleoruther. Thank you for your feedback. Actually @minnowbooster is not categorized as a bidbot because once you send SBD to it to upvote your post, I believe you always get at least twice of what you sent.
Bidbots are different. It's where multiple people send different amounts to the bot and when the bot reaches 100% voting power, it distributes its votes to the senders proportionally. The immediate case that comes to mind where bidders lose is when the total amount sent to the bot is bigger than the bidbot's vote value.
In this case, it's only the bidbot that wins and most of the bidders lose.
So technically speaking, @minnowbooster is an upvote bot and not a bidbot. :)
Oh I see now, yes thats the difference, bidbots just vote 2% of their 100% power so bidding lasts for 2 hours. Minnowbooster and Randowhale are upvote bots. Thanks for the enlightenment.
Thank you for accepting the correction. Yes, MB and randowhale are upvote bots. :)