Changes to onlyprofitbot
(Edited)
Update on the onlyprofitbot policy
- The max bid is now 1 sbd/steem per user, this is to avoid a single user taking all of the bidding pool.
- The min bid is 0.05 sbd/steem to allow finer tweak in price
- We have temporary removed the guarantee ROI stamp until the price of STEEM/SBD is stabilized again
Key thing to know!!
- This bot is not meant for the abuse for quick profit. The profit margin adjusted for this bot is really small. Total pool should have up to 2% guaranteed. But enough to guarantee the bidders won't bid way above the total upvote value unless price instability as we see.
Thanks for using our service!
We hope to become the better bot in existence to serve all the steemians. Our bot is solely intended to boost the post of good writers without having to lose their ROI massively.
I hope you can join our vision by delegating any amount of SP. AS the earnings will be used to increase the total upvote strength and further empower all steemians.
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When sending 0,5 SBD luck with $0,36
The bot is not displaying the "Total Bids" in the STEEMBOT Tracker interface.
I see that a check mark is shown for the bot providing an "API" to STEEMBOT. Could this be the root of the problem? It was working fine yesterday, showing the "Total Bids".
Thanks!
Steem on,
Mike
Yeah @etcmike I'm trying to work on the API. I just need more time. And I noticed you want to delegate more SP, you have to send the present amount + the previous amount. So for example you invested 1k SP before and you wanted to add in another 1k. What you should do is delegate a total of 2k sp. That's how the blockchain works currently. There's no additive effect, you need input the full amount. Thank you for doing business with us! :)
I will continue to support the @onlyprofitbot. I have upped my delegation to 6.125k SP. I plan to incrementally increase my delegation to @onlyprofitbot over time. And to assist with the accounting, when I up my delegation to @onlyprofitbot I will do it as close to the payout time as possible.
Thank you for being patient with me as I learn about the SP delegation feature and bitbots.
Very grateful for the opportunity to participate in @onlyprofitbot!!!
Steem on,
Mike
@etcmike, do you care to maybe explain what you have learned when it comes to SP delegation, why would one do so, and B. The bidbots, I just started to use them for my last post, and trying to wrap my head around the ROI% and how it all works out! Currently it looks like you would be losing money in the long run? Again, if you could break something down simply and short I would really appreciate it! Would love to be apart if I can wrap my head around it, and it makes sense! @onlyprofitbot @etcmike
First, you must use https://steembottracker.com/bottracker.html#bid
To track the ROI for each individual bidbot. Make sure "Include 25% curation" is "ON".
Watch the "Max Suggested Bid" column. When the numbers zero out, that is when your ROI is either zero or negative. Most bidbots finish with an ROI in the negative when you "include 25% curation".
Second, I look at the "Details" of the "Last Round" to see if people tend to over bid on the bidbot, thus making the ROI negative. This helps me decide which bidbot to use.
Delegation, you can delegate a portion or all of your SP to a bidbot. This typically cuts you in for a proportion (based on the amount of SP you delegate to the bot) of the profit the bidbot earns.
Delegating SP to the bidbot increases the bidbot's voting value and how much the bidbot can potentially make in revenue each voting round.
To maximize your ROI from your delegated SP, you should watch to see which bidbot consistently gets over bid. When the ROI is negative for the bidders the ROI for the ones delegating to the bidbot increases.
I have committed (delegated) my spare SP to @onlyprofitbot and will continue to do so as long as there is profit in it.
How does delegating affect you? Your voting power is reduced by the amount of SP you delegate. Say the value of your 100% vote is worth 1.00. After you delegate 50% of your SP, the value of your 100% vote is worth 0.50. This is why the bidbot shares the profit among those who delegate to it. It is compensation for the loss of voting value.
Front running is another strategy that is paying off. Again, I use STEEMBOT Tracker ("Details") to find out who is bidding big to promote their post. The countdown timer tells you when the bidbot will make it vote, you just upvote the post before the bot to get a higher curation reward. I have used this method to increase my curation rewards.
I typically use this technique for bidbots that have a high "Vote Value" (usually in the thousands).
Using a bidbot you delegated SP to is another way to profit. I have delegated a portion of my SP to @onlyprofitbot and I use it to upvote my posts. This sort of hedges my bid.
So there are different ways to benefit from the bidbots.
I have only known about bidbots for a few days. I am far from an expert. As an active participant on SteemIt, I am still learning and willing to share what I have learned.
Best case for delegating to a bidbot. If you are not going to be active on SteemIt for a period of time (days at a time). Then delegating SP to a bidbot is a great way to earn from your SP you are not using. When you return to being active on SteemIt, then you zero out your delegation and use your SP yourself for upvoting.
Let me know if you have any questions.
Have a great week!
Steem on,
Mike
Heyyy!!
2 hours ago I sent you and even my post has not been voted yet
https://steemit.com/art/@gabidela-art/portrait-of-the-beatles
Hi we already voted on that. Sorry for the delay. But most of the time it upvotes. Thanks for using our service!
Welcome to Steemit. Follow to my blog.
Every day I'm upvote the posts of those who upvote my posts.
It doesn't work like that. Don't self advertise here. Earn your own audience thank you.
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STOPIf it is not giving bidders a profit why would people send you money to bid on it? I'm not trying to be rude I'm fairly new and trying to understand. People send you SBD , which you keep and so you grow bigger, but people just get there same amount back? Are you guys doing curation trails or a non-profit project that you fund with this bot?
The thought of using bid bot as a way to earn profit is a big NO NO. If you read carefully what I posted. I said "My bot is not meant for the abuse of quick profit, it supposed to be boosting your post for more visibility" Yes you can still earn profit of my bot, but you should keep in mind you'll not be that lucky everytime. However, my bot is less greedy and I put a cap on all bidders losses. Yes we will carry out some project soon.
I'm still not understanding. You are called "profitbot" and YOU guys make a profit correct? Why is it ok for a bot to make a profit but a poster not?