What I love about Steemit #3: Bid-Bots = MONEY !

Introduction

Over two years since its creation, steemit has presented a big and a unique potential compared to other social-media platforms, and until now, it stills offering more advantages with the presence of bid-bots.

Bid-Bots are the software that make Steemit more adorable, I see them like a special species that Help creators to promote their work and make an interesting income. However, with so many people that compete to make a profitable gain and bidding bots in the same time, making a good amount of money from Bid-bots has become an ever-increasing challenge. Often, what happens is that people misuse those tools, so they Bid on some unprofitable bots and consequently they lose their money.

If we take for example this image, the user sent 1 SBD but he/she will receive just 0.42 SBD in the Upvote of his/her post.

I think that -in this case- they sent money to bots unconsciously (because nobody likes to lose money, Right? ) So If they are in knowledge of what they were actually doing, unfortunately, they will take attention in their future bids. That’s why I make this tutorial, to guide users into using the bid-bots correctly, and everybody keep benefit from them.

Step 1

The first thing to do before investing in bots, is to visit this tool named Steem Upvote Bot Tracker developed by @yabapmatt (a great tribute to him because he has offered a great tool freely), it is a tool that list all existing bots on Steemit and the bidding system in the real time.

Step 2

After that, you need to check 4 important things for each bot in the website (the “Vote Value” of the bot, the “Min Bid”, the “Max Suggested Bid” and the time of the “Next Vote”)

• Vote Value: is how much does the upvote of the bot worth at 100%, this vote value will be divided on the senders, each sender will receive a percentage from this value based on the number of SBDs sent.
• Min Bid: is the minimum amount of SBDs that the bot accepts it-to make an upvote on your post- and Here you should be careful because the minimum Bid for a bot could be modified by their developers, and there are some bots that don’t refund you if you send them an number of SBDs inferior of what they recommend.
• Max Suggested Bid: is the total amount of SBDs that remain profitable before a bot reaches 100% of its Voting Power, this information is so important, because it is that what a lot of people miss, So you need to check how much a bot still profitable, how much SBDs still need to reach its gainful vote value.
  For example, if a bot has a “Max Suggested Bid” = 0 SBD or 0 STEEM, so apparently it is not profitable, you should skip him and look for another Bot that has “Max Suggested Bid” superior on 0.
  There is an example of bots that haven’t reached their 100% yet and their “Max Suggested Bid” equals 0 SBD.
  

• Next Vote: is the time that left before the bot makes an upvote, on average, this period takes 2.4 hours before it finishes because bots need 2.4 hours to reload 100% of their upvoting power.

Step 3

The best option that I use to minimize my risk of losing my Money and earn a profitable Upvote, is to wait until the whole line of a bot become in Green Color like those one:

A line switches to Green Color if the time of the “Next Vote” goes under 10 minutes and the value of the “total Bid” doesn’t yet reach its maximum.

If we take like an example the image above, the best profitable bot with the minimum risk to losing Money is the bot named “@buildwhale” because it stays 47.19 SBDs on “Max Suggested Bid” and a nearly 1 minute to make the Upvote.

So I hope that you like my explanation and that you understand how does it work, I hope also that everybody make a good bid and get a profitable Upvote.

Related Posts :

• What I Like About Steemit #2 : Useful Tools in Steemit
• What I Like About Steemit #1 : "Free SBD Giveaway" 's Profiles