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RE: How much SBD and STEEM is sent to the voting bots per day?

in #steemit7 years ago

The people using the bots are breaking even and not making more money than they put in.

The bot reward is closer to 200% if you are lucky and there is not over bidding inside the 2.4 hours.

So $1 gets you $2, but on payout day you get $2.00 - $0.5 (25% curation reward) = $1.50

But then this $1.50 is split 50/50 between SBD and Steem.

That is SBD 0.75 and Steem $0.348 (Steem/SBD = 0.93)

You get less Steem because of an error in the system. SBD is pegged against USD so it is 1 USD for 1 SBD). But to get Steem it is $1.50/2/2.12 = 0.348

So you get SBD0.75 + SBD0.345 = SBD1.10

Minus SBD1 you paid = SBD0.10

You will get that if SBD stays the same over that 7 days. If SBD goes down you make a loss.

The people using the bots make little or no money using the bots.

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Duplicated reply. I've upvoted the other one and I will flag this one.