This is an old thread but I still don't understand the formula. For most bots, i don't see the ROI go over 20% most of the time. Won't it have to be 266% in order to meet the formula requirements?
For example:
It's capped at 10%, for the first upvote, the bid 5 sbd, then 2.66 x 5 = 13.3. It says the vote value is 7.41 SBD, does this mean it's not profitable? Still confused on how to tell if this would be a good investment or not. If you could explain to me, that would be fantastic.
Thanks.
Hello, I am replying to you on my curation service profile (this is @entrepreneur916). Doing delegator payouts currently, so this is just easier.
So with ROI capped then it isn't profitable.
This is just a very rough explanation.
You bid 5 SBD and get a 7.4 SBD upvote right?
After curation period of 7 days, that 7.4 SBD gets divided. First, 25% of the 7.41 SBD upvote goes to curators.
So now your 7.4 SBD upvote is now 5.55 SBD...until the 50/50 split
After the split, 2.775 SBD of your 7.4 SBD upvote is given back to you. The other 2.775 then gets divided by the USD conversion rate of STEEM, so you'd get like 0.5 - 0.6 or so steem (not entirely sure of conversion currently). Even if you were to get 1 STEEM you could have made more doing other things, such as using my service or just buying STEEM outright.
how about 100% sp payout? will that change anything or was that what you are referring here:
It also seems to me that upvote bots aren't even worth it then because most of the posts turn out to be 10-30% ROI which would end up in a big loss.
Bot have a purpose if you are looking for promotion, but typically they just cost you money.
At 100% SP payout it really is determined by the market. Currently 1 STEEM is about 1.4 - 1.6 SBD, or 150-160% the value of SBD. I would only "Powering when STEEM is much more valuable than SBD is really only the good time to do so.
A 10% RO!, meaning a 5.5 SBD upvote for a 5 SBD bid is a horrible investment, so is 30% or 6.5 SBD upvote for 5 SBD bid. It doesn't even cover curation.
Ah ok, that makes sense. Thanks for the information, i'll look forward into your bot/service.
No problem. It is a manual curation service in which I check every post and provide a 300% upvote.
Ok cool, are there any general requirements? Like for example I linked you to a post to a livestream i streamed over dlive, would that be valid?
It makes it much easier if it is the steemit link.