Its not profitable to use upvote bots to promote posts
Its not profitable to use upvote bots to upvote your post when your not getting 100% of the curation rewards. I used upvote bots for 6 straight days. Here are my results below.
Original investment 50 sbd
SBD loss 0.92
Original investment 3 sbd
SBD profit 1.09
Original investment 31 sbd
SBD loss 0.07
Original investment 20 sbd
SBD loss 0.02
Original investment 70 sbd
SBD loss 11.22
Original investment 50 sbd
SBD loss 1.25
Total = Loss of 10.55 SBD
I don't see the profitability in creating content then spending SBD or steem to upvote quality content and just breaking even or taking a loss. I will not spend any more money on upvote bots going forward. I will just hope that I can build followers and hopefully get my viewers to upvote post naturally. Its nice to see a post that has $200 total next to it but how much of that money is actually going to the author? Also is the author profitable on that post? probably not.
The process to make 100% on an article that you post is just about impossible.
Check out steemit FAQ
If curators vote for a post within the first 30 minutes of it being created, a portion of their curation reward is added to the author payout. This portion is linear to the age of the post between 0 and 30 minutes. As an example: upvoting at 15 minutes will donate half of your potential curation reward to the author.
If you can only make back 75% of what you spend on voting bots then you will always lose.
Someone on steemit help responded and said yes you can make 100% on an article but everyone has to vote immediately as soon as the post is published.
It is a kind of gambling, that is why i avoid it and use guaranteed profitable upvotes like minnowbooster
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Thank you for this article. I have considerably less SBD to play with then you but I have been profitable with upvote bots. I see you use Appreciator. Have you tried other bots like tipu or buildawhale? Again this is not a clear area for me and I am still learning, but I have been profitable. Thanks
If you dont mind could you break down your numbers.
How much did you spend, and what was your profit?
I use appreciator yes because in my opinion they always give me the best opportunity to be profitable.
Build a whale was also good on the one ocassion I used them
I have used smartsteem and a few more and taken big losses
Thanks for this and I will break it down for you but please give me some time because I am not with my computer and wont be for a few weeks. But overall, my revenue has been growing by 15 to 20% per month and nearly all is coming from bots.
Perhaps the "gain" is in the "Steem Power".........
Steem power for long term investing, maybe. But if your trying to turn around a 7 day investment into a profit no.