I have been reading several post and seeing some fight about the people raping the Reward Pool using Upvote Bidding Bots Well, three tests I have done point to the fact that that could be a myth.
Two out of three times I have lost SBD in my bets. 2.5 SBD and 2 SBD to be exact.
What is happening is that people is being confused on purpose and they themselves are confused about it. Let me explain:
First, Bots claim xy.z% Upvote without really telling you what amount they really gave you. Some Bots are even scamming since they do not have any real upvote value as can be audited via https://steemworld.org
Second, and the most important criteria, is the fact that people only look at the accumulated value of the post, which is a huge mistake: You need to take the amount you won in the bet, and take the 75% publisher reward, and halve it. Yes, you have to divide by 2, because those are the rules of calculations within Steemit Arithmetic Calculations.
To get back what you invested you have to get higher than X/0.375; where X is your original bid.
But since most people are not doing any calculations they are only making the BOTs fatter and fatter, as people keep using bit bots without any awareness they are loosing money due to the halving of the 75% theoretical reward.
- The only way to get your bid back is to publish and bid at the same time, at t=5 before Bot closes auction. Doing it a t= 3 is too risky as I have learned and burned my hands. It is true that you back some Steem Power, too, but that also has to be calculated. My Strategy is at least be able to brake even with Bots, and take the SP as my real return on my investment, plus the exposure got the the post being lifted by the weight generated by the bots.
I challenge all of you to prove me wrong?
All of those fights about the Reward Pool being Raped via Upvote Bidding Bots may be just hype. I am not sure. But at least from my perspective, I am finding very difficult to Rape the Reward Pool that way. L.O.L.
Published by:
https://steemit.com/@justinomora
Thursday @t 11:20AM Easter Time, January 25, 2018WhatsApp/Telegram/Imo: +58(412)767-9222 - Skype/Slack: justinomora
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$Reward = Followers/($teem x 7500)
Resteemed and upvote by @drakitogama of @drakbirkenau thanks to @justinomora
Reward pool rape is only if the post being upvoted is spam and shouldn't even be on the platform in the first place.
The large issue with bid bots is that they serve as a mechanism to concentrate wealth here on Steemit without doing much work. It is essentially like a large account being able to give itself a constant 75% selfvote. The end result is that these large accounts are getting unproportionally larger then the rest of the accounts creating a unbalanced economy which de-incentivizes buisnesses from actually adopting STEEM since less people actually have significant amounts of steem to spend.
This is why I think that all bidbots should be non-profit. Redistributing the rewards back to the community in the form of contests after they build themselves up with their own steem power rather then constantly leasing steem power.
Hi, thanks for the post. It took me awhile to realize that you really needed to almost triple your bid to profit. However, I mostly use bots for visibility. You can write a great post, but you won't get rewarded if nobody sees it. Also, I didn't notice if you mentioned http://www.steembottracker.com/ to help track the bots.
Anyway, I think using them can be sort of fun. It almost introduces an element of gamificaiton to the system. As long as they're allowed, I really don't see anything wrong with using them. As always: Buyer Beware.
@theinsideout: Thanks for your Input. I didn´t mentioned http://www.steembottracker.com on purpose, expecting people to ask for tools.
http://www.steembottracker.com is a good way to track them, but you must be careful since the tool does not have real time maintenance. And not care is taking of listing scammers bots. To me a Scammer Bot is one that collect SBD when their truly value is less than 0.56 or 0.60
That is why I trust more https://steemworld.org and I must confess I used the http://www.steembottracker.com to create my own Airtable UPvoting Bidding List.
Some Dolphins, Orcas and Whale Bots have too raped my wallet. I fired them. I will never used them again whatever be the reason for not performing according to their preaching. I cannot name them, but care has to be taken on executing due diligence before using them.
One cannot planned nor profit with Upvoting Bidding Bots that really do not perform in real time or that live in poor servers. Leassons learned...
And I agreed. Upvote Bidding Bots must be used for Marketing rather than for wishful thinking of getting reach without working. I still continue testing, while I am making some SP, but boy... I am fast and doubt average people can even manage and react at the level this game commands.
The reward pool gets raped the moment hate posters or other spammers use high amounts to bid on upvotes to drive attention to their useless personal shit war while taking away the rewards from people who are dependent on bots to get their valuable content seen.
and when they post meaningless comments just to upvote themselves (and sometimes upvote the comment they're replying to...) for example, see the account @rewardpoolrape that come to my attention here. How it has a rep of 60+ is beyond me, but I guess it had good behaviour at one point? or just rep is meaningless and they've made a lot of comments and votes...
I guess these accounts belong to a bunch of people who upvote themselves. After I posted a critical remark yesterday on one of these hater posts, my comment got downvoted by about 20 accounts/bots in seconds. It´s exactly these people (or I should say kiddies) that point the finger of blame to others, that are the real problem and all these stupid people who resteem and like these hate posts.
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