Steem Power Delegation has become too expensive
Current Rates:
STEEM payment: 2.1x SBD upvote
SBD payment: 2.1x SBD upvote
100% upvote worth: 1.70 SBD
Min/max STEEM payment: 0.01 - 0.5 STEEM
min/max SBD payment: 0.01 - 0.5 SBD
Max post age: 5 days.
Have any questions or suggestions? Send me an email at [email protected]
Steem Power Delegation has become too expensive
Hello everyone,
Bringing some bad news to the table today. As you are all aware the current price of Steem has caused some issues recently. The price of delegation has however not decreased. This means that as of now, delegating steem power is unprofitable.
For a 10 000 SP delegation, it would cost 66.667 STEEM per week, and that 10000 SP delegation would bring in roughly 42.667 STEEM per week. This means a loss of 24 STEEM every week for every 10k SP delegation.
(The above is assuming the price is 150 SP per STEEM per week. Average price is even worse)
So as you see, it is unsustainable to run a bot currently on delegated SP. I currently only have 3000SP saved up with which gives roughly $0.38 Upvote. My best chance to keep this bot running is to wait for my delegation to run out and simply use that 3000 SP to keep the bot running at the much lower $0.38 upvote worth. That is unless anyone here feels like delegating for a share of the profits rather than a set amount.
So if anyone would like to invest a large amount I'd love to agree on a 50% share of the profits. But otherwise I will run with my own 3000 SP at the lower $0.38 upvote worth. Apologies for any inconvenience.
Future updates
Calculate upvote worth automatically
Accurately assess voting power percentage
Have any questions or suggestions? Send me an email at [email protected]
Thanks again for your continued support.
Kind Regards, UpvoteWhale.
plz upvote my post i sent you 0.2SBD
Hello,
Sorry about that, refund has been provided.
I never received an upvote for this can you please assist me with either an upvote or refund please :)
Hi @upvotewhale, I did send you 0.10 SBD with the following link:
https://steemit.com/game/@sashohan520/star-trek-bridge-crew-the-vr-game
but I did get no upvote or refund.
Here is the transaction to proof that I did send you the money:
can you please refund.
Hello,
Sorry about that, had some major RPC node issues yesterday. Generally it'll switch over to another RPC node when one stops working, but yesterday all stopped working for a good while.
Provided refund!
I sent you 0.01 SBD but my post is not upvoted by you
Hello ghlove,
You received a refund as soon as payment was received as I had low voting power at the time.
Kind Regards, UpvoteWhale.
Hi @upvotewhale I'd sent to you 0.005 steem but still I recieve nothing. Hope you can work with it.
Hello chadee,
please check the screenshot you sent. You receive a refund as soon as you sent payment. I had low voting power at the time, sadly it does not show in the screenshot you sent but refund was sent with memo "Low voting power. Please try again later."
If this happens it means I'm currently low on voting power and waiting for it to regenerate. This can take up to 30 hours.
Okay I understand
Good Job upvotewhale...
Hey!
Sent 0.3 SBD got 0.53 upvote instead of 0.63, please check it out.
And another one, $0.48 instead of $0.63 :(
Please, fix it
Honestly I can't do much more than apologize and provide a refund. I'm having automated vote worth calculation being programmed as we speak but it's taking time. While that is in progress I unfortunately cannot do much more than provide refunds in the event of wrongful voteworth calculation.
Apologies again, refund has been provided.
Thanks, though I didn't mind much about 0.3SBD, it's much more important to know that your service is up and running, sorry to hear you have such issues.
Your upvote service is the best one currently, hope you'll solve all problems soon :)
Thanks for your kind words. I'll have it solved soon enough. I can't imagine it will be more than a few weeks. In that time I hope that crypto begins to recover as well. This'll make my bot start being profitable again and I can start getting large delegation again. Just have to hope everything goes smoothly!
@upvotewhale where would i know the calculation ?
I can't share the actual code with you, but please see below example.
Long story short, I set the vote worth, and upvote percentage is calculated from that.
The '100% upvote reward: $0.90' shown on my profile is kept up to date.
Means that if you send an upvote, it is calculated from the expectation that my total upvote worth is $0.90.
Example:
100% upvote worth: $0.90
Current voting power : 80%
Current vote worth : $0.72
Customer sent: $0.05
$0.72 / $0.05 = 14.4
100 / 14.4 = 6.94% upvote worth
6.94% upvote is equal to $0.05. Below factors in 2.1x profit.
6.94% * 2.1x = 14.5%
Upvote post with 14.5%.
If you have any further questions, don't hesitate to email me at [email protected]
Have a nice day!
I transfer 0.010 sbd to @boostbot but I haven't the receive the bid bot upvote can you answer me for this time? This is the memo link : https://steemit.com/art/@alfheim15/the-oldest-women-tattoo-artist-in-the-philippines-apo-whang-od
Hello alfheim, you will need to contact boostbot for help. I am not affiliated with boostbot and cannot help if he steals your money.
I suggest trying to contact @boostbot over text like this and hoping he gets back to you.
This is what I did...plss help me thanks..
3 hours ago Transfer 0.010 SBD to boostbot https://steemit.com/art/@alfheim15/the-oldest-women-tattoo-artist-in-the-philippines-apo-whang-od
Hello alfheim, you will need to contact boostbot for help. I am not affiliated with boostbot and cannot help if he steals your money.
I suggest trying to contact @boostbot over text like this and hoping he gets back to you.
Is it ok to contact @smartsteem for this matter?
I don't know if it would help but you could lower the profit maybe to-200% so more upvotes can be done.
It's an idea, I'm not sure how everyone would feel about lower profits but I will keep it in mind.
Thanks Sames.
Good jop my frend
I sent you 0.01 SBD but my post is not UPvoted by you
Hello Pablo,
You were refunded as you sent the payment due to me having low voting power.