This is part of a series on how much delegators get from investing in bid-bots. See https://busy.org/@verodato/the-return-of-the-bid-bot for more information.
The visual and analytic exploration of the bid-bots funding and expenses continues today with the @buildawhale bid-bot. It was created in August 2017 and operates almost exclusively with funds delegated from two big accounts: @blocktrades and @minority-report.
Remember that delegations are temporary transfers of resources to the bid-bot account while expenses are permanent transfers made from the bid-bot account to other accounts. Expenses include interest payments to delegators and also refunds, messages (small value transfers with a text – the message – in the memo field), and other payments. The chart below shows the @buildawhale expenses by the type of the memo field of the transfer transaction. Most of the transfers did not have a text in the memo field until recently, and after that most transfers have been made using encrypted memo (a way to send a secret text to the account that receives the transfer). So the memo field does not reveal what we’d like to know: what are the interest payments to delegators?
When expenses are aggregated by the destination account, we get the results in the chart below. Here we can see that two accounts receive most of the expenses, @themarkymark and @alpha. But these are not the two main accounts that delegate to @buildawhale. @themarkymark is the creator of the @buildawhale account and a Steem witness (https://steemit.com/@themarkymark). Because we know that the @alpha account is associated with @blocktrades (https://steemd.com/@alpha), we can calculate a rate of return from the delegation of @blocktrades, considering that the interest payments related to this delegation are made to the @alpha account.
The delegation from @blocktrades started in September 2017 but interest payments from the bid-bot to @alpha - @blocktrades apparently started only in January 2018, as can be seen in the table below (values are in STEEM). The sum of all interest payments is $ 232,915. Divided by the monthly mean delegation balance of $ 1,170,260 results in a rate of return of 20% for the entire period of 10 months, or 22% annualized. This seems to be the best estimate of the return of the @buildawhale bid-bot, considering the information available.
He probably gets a discount in rent price due to the size of the delegation and the fact that blocktrades delegations are very expensive (so why would he run it at a loss, unless he gets a discount?).
The good thing about him running it is his blacklist.
You got a 60.00% upvote from @luckyvotes courtesy of @stimialiti!
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You received a 31.33% upvote from @brotherhood thanks to @stimialiti!,
join on @brotherhood community on discord channel:https://discord.gg/3HZdaGk and share your post there.
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Hi @Verodato it'd be very curious if you could review @promobot in the same manner
ok, @transisto, I will try to do it!
alpha prefers to use bittrex instead of blocktrades.
Sources:
https://steemit.com/steemit/@penguinpablo/daily-steem-stats-report-wednesday-august-8-2018
https://steemd.com/tx/1a401623f150ebdab55b1550313100b189d1b5e6
https://steemd.com/tx/ec30c375c7338ed7057884eee240b375b6c88636
https://steemd.com/tx/a91267fe28a0b62691d2d621ffd2d53524b021be
thanks, @fersher !
You got a 68.39% upvote from @sleeplesswhale courtesy of @fersher!
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You commented on my post without a vote.
My bid was 0.2 sbd
https://steemd.com/tx/209598aff0831238a98ba9fb7f2aae21caf6b36d
You got a 32.40% upvote from @luckyvotes courtesy of @fersher!
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@verodato you are true to your word friend!
Thank you for all the recent support on my posts. I'm really grateful.
I will buy that bot I found in one of your posts! You bring up some funny stuff here, thanks, @direwolf !
Really detailed analysis! Recently followed you and I have to admit that when it comes to numbers...damn you are a true pro!Well done @verodato
thanks, @mindtrap!
It's great to read your post. Thank you
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