## Is there really profit in Bid-Bot business? ![](https://steemitimages.com/DQmWFnh2twfi9k7UgbL6z4gqP7VM7K7smfmWNdDRiPPPHTu/image.png) [Image Source](https://www.cartoonmovement.com/depot/cartoons/2013/01/16/the_art_of_profit__cecigian.jpeg) I am far away from being a whale or a bid-bot owner. Being just a minnow, I write some scripts and [build tools](https://steemit.com/steemit/@firedream/firedream-steem-tools) to analyze the steem blockchain. One of the tools is used for the voting performance of the bid-bots. https://fdsteemtools.neocities.org/botanalysis.html My post shall be considered as an analysis of the *bid-bot business model* with a limited time frame and *close-to-real* assumptions. Let's start with analyzing a whale bot. We will check 24 hours voting data on 23th April 2018. The bot properties are as follows. Bot name is not given, but properties are actual. ![](https://steemitimages.com/DQmRZPNHW3hTFm8b5sDwXsFQScypmRsxxdQUU2jNmh3BkAo/image.png) The bot has an SP of 757k and vote value at %100 of 156.48 SBD ( value shown at your account as you receive the vote) The 24 hrs. voting performance of this bot is as below : ![](https://steemitimages.com/DQmRqZp8ZKVhPLGYc8tkvLfZ4fMZybeDoH8Bqvkts7M5D6x/image.png) This bot has used %964 of voting power in 24 hrs. The %100 efficiency is %1000 so we can say that this bot has an efficiency of %96.4. ( which is really good - customers are happy and they are preferring this bot ) For the customers, this bot has given slightly negative ROI in average, -%0,72 and this is most probably compensated with following curation votes. The customers have paid approximately 758.16 SBD in 24 hrs. Here I have an approximation. I have divided the voting to *vote windows* and assumed that the minimum vote is given to minimum bid accepted by bot. The other payments are found by taking the ratio of minimum bid to the actual vote percentages. I have validated this approach by checking manually on some posts and it seems to be a valid approach. The 90 days earnings of this bot should be 68 234 SBD. Coming to this point, now we can conclude the profitability. 1. If the investment is yours, the 90 days net profit is 68 k / 757k = %9 This is a very good profit, you barely can have it in another business. 2. If you want to delegate SP for this business there is a break-even point. You have to find a whale to accept to delegate 11SP per 1 SBD and even, in this case, you are just paying the depths. Today, the market for SP delegation is as below : ![](https://steemitimages.com/DQmZ9XRxtquxA3mULNekKeNjxmNquZDE8Gv5QcFvR7HGebi/image.png) 8.46 SP per 1 SBD for 90 days. With this market price, it is impossible to run a bot with delegated Steem Power. ### Then, let's be humble and run a minnow bot instead of a whale bot. For this, a bot with 10k SP should be adequate for a start. This is an investment of approximately 33kUSD. Let's analyze a suitable bot and see the results. ![](https://steemitimages.com/DQmadu21WRMeYpds1ZmphVcgtLxcWnrdfosuH3Df3UgqvXA/image.png) This bot is perfect for analysis. 11k SP and vote value at %100 of 2.25 SBD The 24 hrs. voting performance of this bot is as below : ![](https://steemitimages.com/DQmYLWSGi1Mqm3AwUvVV69r16STowDAZxWUiBkXdvFsaZyB/image.png) The income of this bot is 7.82 SBD in 1 day ( 24 hrs.) Here, we see that efficiency of the bot drops to %90 instead of %96 of the whale bot. This can be considered as a con. As the bot is smaller, you have more competition in the market which leads to fewer customers. The bot ROI is positive, %29 which is very good for the customers but bad for the business. If you want to get all the SP with a delegation, to pay for the SP, just to break-even, you have to find a whale to delegate you SP with 15.5 SP for 1 SBD for 90 days. This is approximately 2 times the market value, which is not feasible for any whale. If it is your own SP then the income you get is %6.5 for 90 days, which is still OK but worse than the whale bot. ## Conclusion * If you run a bot with your SP, you can expect an Operating Income of %6 - %9 for 90 days. Do it. * If you want to run a bot on delegated SP, either find a whale that will delegate you the required SP with > 16 SP per 1 SBD or don't even start it. You will for sure lose money. *Important Notice* *These are findings on a very short ( 1 day ) analysis. Please do your own analysis before deciding to enter any job. Listen to everyone, but decide with your own facts and data.* FD.
post_id | 45,148,996 |
---|---|
author | firedream |
permlink | anyone-to-start-bid-bot-business-read-this-first |
category | steemit |
json_metadata | "{"links": ["https://www.cartoonmovement.com/depot/cartoons/2013/01/16/the_art_of_profit__cecigian.jpeg", "https://steemit.com/steemit/@firedream/firedream-steem-tools", "https://fdsteemtools.neocities.org/botanalysis.html"], "format": "markdown", "app": "steemit/0.1", "image": ["https://steemitimages.com/DQmWFnh2twfi9k7UgbL6z4gqP7VM7K7smfmWNdDRiPPPHTu/image.png"], "tags": ["steemit", "community", "bots", "firedreamblog"]}" |
created | 2018-04-24 10:21:57 |
last_update | 2018-04-24 11:05:00 |
depth | 0 |
children | 16 |
net_rshares | 1,895,462,441,053 |
last_payout | 2018-05-01 10:21:57 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 10.038 SBD |
curator_payout_value | 2.872 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 4,519 |
author_reputation | 10,770,161,662,981 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
hr1 | 0 | 52,164,741,525 | 0.02% | ||
ipumba | 0 | 9,334,816,783 | 28.57% | ||
blhz | 0 | 20,073,639,479 | 100% | ||
tibra | 0 | 0 | 100% | ||
resteemable | 0 | 1,614,996,673 | 2.27% | ||
drakos | 0 | 1,684,956,970,643 | 100% | ||
pbgreenpoint | 0 | 1,464,962,613 | 100% | ||
gorafarid | 0 | 8,475,255,333 | 100% | ||
ediah | 0 | 11,035,735,295 | 100% | ||
hispeedimagins | 0 | 1,190,979,352 | 100% | ||
woe-is-meme | 0 | 613,932,419 | 100% | ||
steembasicincome | 0 | 15,758,675,256 | 3% | ||
firedream | 0 | 14,847,628,631 | 100% | ||
soekie | 0 | 611,168,024 | 100% | ||
themobilewriter | 0 | 987,387,378 | 100% | ||
pixiefire | 0 | 611,466,704 | 100% | ||
mariusjuk | 0 | 42,395,897,708 | 100% | ||
the-resistance | 0 | 20,171,568,039 | 100% | ||
crypticat | 0 | 9,152,619,198 | 52.18% |
https://steemit.com/@a-0-0
post_id | 45,149,009 |
---|---|
author | a-0-0 |
permlink | re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t102204232z |
category | steemit |
json_metadata | "{"links": ["https://steemit.com/@a-0-0"], "app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 10:22:03 |
last_update | 2018-04-24 10:22:03 |
depth | 1 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-01 10:22:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 26 |
author_reputation | -4,860,340,175,990 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
**Your Post Has Been Featured on @Resteemable!** <br> Feature any Steemit post using resteemit.com! <br> **How It Works:** <br> 1. Take Any Steemit URL <br> 2. Erase `https://` <br> 3. Type `re`<br> Get Featured Instantly & Featured Posts are voted every 2.4hrs <br>[Join the Curation Team Here](https://goo.gl/forms/4sr0InoTxcyPRQSj2) | [Vote Resteemable for Witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=resteemable&approve=1)
post_id | 45,150,984 |
---|---|
author | resteemable |
permlink | re-resteemable-anyone-to-start-bid-bot-business-read-this-first-20180424t103836410z |
category | steemit |
json_metadata | {} |
created | 2018-04-24 10:38:36 |
last_update | 2018-04-24 10:38:36 |
depth | 1 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-01 10:38:36 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 453 |
author_reputation | 711,577,524,471 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
What you wrote assumes blocktrades' prices, which given what I read about its fees is a market leader in a way. You also assumed honest operation, whereas most bidbot owners and operators scam one way, another way, and in some cases, in more than one way.
post_id | 45,165,743 |
---|---|
author | stimialiti |
permlink | re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t224105581z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 12:31:45 |
last_update | 2018-04-24 12:31:45 |
depth | 1 |
children | 6 |
net_rshares | 36,732,139,195 |
last_payout | 2018-05-01 12:31:45 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.190 SBD |
curator_payout_value | 0.057 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 256 |
author_reputation | 9,623,506,263,980 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
firedream | 0 | 15,035,736,044 | 100% | ||
proffit | 0 | 21,696,403,151 | 35.29% |
@stimialiti; You may be right on an increased time-frame and multiple quantities of bots. On 24 hrs. analysis, I haven't seen any scam, at least for the two bots analyzed. My best offer is an analysis method and a tool for that. That is why I put the note below :) FD.
post_id | 45,172,269 |
---|---|
author | firedream |
permlink | re-stimialiti-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t131809524z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "users": ["stimialiti"], "tags": ["steemit"]}" |
created | 2018-04-24 13:18:09 |
last_update | 2018-04-24 13:18:09 |
depth | 2 |
children | 4 |
net_rshares | 3,577,805,394 |
last_payout | 2018-05-01 13:18:09 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.020 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 270 |
author_reputation | 10,770,161,662,981 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
stimialiti | 0 | 2,524,149,711 | 100% | ||
fersher | 0 | 460,351,093 | 100% | ||
slowgrow | 0 | 593,304,590 | 100% |
Which bots did you analyze? I need no tools besides a working blockchain explorer to see the scams that are going. I posted on my blog in detail once or twice about it already, about how bidbot owners/operators scam their customers.
post_id | 45,173,772 |
---|---|
author | stimialiti |
permlink | re-firedream-re-stimialiti-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t233737328z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 13:28:21 |
last_update | 2018-04-24 13:28:21 |
depth | 3 |
children | 3 |
net_rshares | 35,291,522,480 |
last_payout | 2018-05-01 13:28:21 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.190 SBD |
curator_payout_value | 0.045 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 232 |
author_reputation | 9,623,506,263,980 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
fersher | 0 | 468,931,250 | 100% | ||
slowgrow | 0 | 596,571,211 | 100% | ||
proffit | 0 | 15,279,085,867 | 24.84% | ||
ubot | 0 | 18,946,934,152 | 11.14% |
You got a 35.29% upvote from @proffit courtesy of @stimialiti! Send at least 0.01 SBD/STEEM to get upvote , Send 1 SBD/STEEM to get upvote + resteem
post_id | 46,133,038 |
---|---|
author | proffit |
permlink | re-stimialiti-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t224105581z-20180430t053506517z |
category | steemit |
json_metadata | "{"app": "postpromoter/1.9.2"}" |
created | 2018-04-30 05:35:06 |
last_update | 2018-04-30 05:35:06 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-07 05:35:06 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 151 |
author_reputation | 4,960,843,831,430 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
In my personal view bid bots is best bussiness model in crypto world alongside masternodes. They both earn passive income.
post_id | 45,171,712 |
---|---|
author | themobilewriter |
permlink | re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t131404657z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 13:14:09 |
last_update | 2018-04-24 13:14:30 |
depth | 1 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-05-01 13:14:09 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 122 |
author_reputation | 360,301,994,866 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
If you already have non-liquid crypto, I agree. %9 for 3 months is a good business model. To conclude, I guess, further analysis and benchmarks are needed. FD.
post_id | 45,172,815 |
---|---|
author | firedream |
permlink | re-themobilewriter-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t132203104z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 13:22:03 |
last_update | 2018-04-24 13:22:03 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-01 13:22:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 161 |
author_reputation | 10,770,161,662,981 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
A lot of work put into this. Well done. good work.
post_id | 45,177,667 |
---|---|
author | hispeedimagins |
permlink | re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t135425570z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 13:54:27 |
last_update | 2018-04-24 13:54:27 |
depth | 1 |
children | 2 |
net_rshares | 14,848,956,714 |
last_payout | 2018-05-01 13:54:27 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.082 SBD |
curator_payout_value | 0.016 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 50 |
author_reputation | 14,528,548,322,874 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
author_curate_reward | "" |
voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
firedream | 0 | 14,848,956,714 | 100% |
Thank you @hispeedimagins. This is a question of many people I guess...shall I profit if I had a bid-bot :) I think the answer is "NO" if you are not already a dolphin or whale. Need more data.
post_id | 45,179,273 |
---|---|
author | firedream |
permlink | re-hispeedimagins-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t140501788z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "users": ["hispeedimagins"], "tags": ["steemit"]}" |
created | 2018-04-24 14:05:03 |
last_update | 2018-04-24 14:05:03 |
depth | 2 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-05-01 14:05:03 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 194 |
author_reputation | 10,770,161,662,981 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
yeah, It mostly needs your own steem from your analysis. The rich get richer lol.
post_id | 45,180,755 |
---|---|
author | hispeedimagins |
permlink | re-firedream-re-hispeedimagins-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180424t141438292z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-24 14:14:39 |
last_update | 2018-04-24 14:14:39 |
depth | 3 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-01 14:14:39 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 81 |
author_reputation | 14,528,548,322,874 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
very interesting post, and exactly what I am dealing with at the moment... what to do? i think i will hit you up on discord and ask some questions...cheers for the break down.
post_id | 45,264,198 |
---|---|
author | vladivostok |
permlink | re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180425t020508176z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-25 02:05:15 |
last_update | 2018-04-25 02:05:15 |
depth | 1 |
children | 1 |
net_rshares | 0 |
last_payout | 2018-05-02 02:05:15 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 175 |
author_reputation | 113,066,339,794,964 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |
Would be glad to help
post_id | 45,285,036 |
---|---|
author | firedream |
permlink | re-vladivostok-re-firedream-anyone-to-start-bid-bot-business-read-this-first-20180425t051416862z |
category | steemit |
json_metadata | "{"app": "steemit/0.1", "tags": ["steemit"]}" |
created | 2018-04-25 05:14:18 |
last_update | 2018-04-25 05:14:18 |
depth | 2 |
children | 0 |
net_rshares | 0 |
last_payout | 2018-05-02 05:14:18 |
cashout_time | 1969-12-31 23:59:59 |
total_payout_value | 0.000 SBD |
curator_payout_value | 0.000 SBD |
pending_payout_value | 0.000 SBD |
promoted | 0.000 SBD |
body_length | 21 |
author_reputation | 10,770,161,662,981 |
root_title | "Anyone to start Bid-Bot business? Read this first!" |
beneficiaries | [] |
max_accepted_payout | 1,000,000.000 SBD |
percent_steem_dollars | 10,000 |