I just wanted to make quick post about what your ROI has to be return your invested SBD, so you can make money by reinvesting the same amount over and over again(if you manage to get that ROI).
So you are being payed in SBD and STEEM POWER;
-let A be your total SBD payout(you, as a author will recieve 0.75xA)
-let B be your total SP payout(you, as a author will recieve 0.75xB)
-let k be your multiplier that represent what upvote value will you get based on your invested SBD(e.g if you invest 1 SBD and k=1.5, you will get a 1.5 SBD upvote)
Now, the way you are being payed is like this:
-your post rewards are in units, that we'll call STU's(that "$" sign beyond your post, that represents rewards; you can check http://steem.supply/rewards), let U be your total post rewards;
-when you divide that post rewards by 2, half is given in SBD at exact amount shown by division, so A=0.5xU[SBD]=0.5xUxc[USD],where c is the price of SBD in USD;
-and half is given in SP at the current feed price in USD, so B=0.5xU[USD]=(0.5xU)/d[SP] where d is the price of STEEM in USD;
-so essentially, 1 STU=0.5x(1+c)[USD],where c is the price of SBD in USD(when 1SBD was equal to 1USD, 1 STU was also equal to 1 USD);
Now, you can see that A/B=c, so we have:
-Bxc+B=100% of U => B=100/(1+c)% of U and A=(100-B)% of U
-now, let S be your invested amount of SBD, and B1 and A1 be corresponding percentages to A and B
-since we get 75% of U(if upvote is made 30 min after post was posted...), and want A to be greater or equal to S we have:
-kx0.75xA1xS>=S => k>=1/(0.75*A1)
-Current price of SBD is 2.31$, so A1~0.6978(69.78%) and k>=1/(0.750.6978)=1.91 and that is multiplier you need to return your invested SBD, and beside that get STEEM POWER.
-To calculate ROI for the same reason, we will calculate k1 as k1=0.75k=1.4329 so needed ROI is >=43.29%
In the next post, when I get time to write it, I will also address issue that many bots are lying about their ROI, e.g. they say they will get you 2x your payout, and you send 1 SBD and they give you 2STU upvote which is obviously lower than 2SBD :)
A nice post in my eyes 😊 Resteemed by @peekbit to say “thank you“ since you are one of my esteemed followers.
Read about my attempt in contributing to the bright side of life.
Some remarks about my resteeming.
You can get it more easy I think...
It's obvious that for every 1 SBD you do as an investment you have to receive
(c x 100[%]) / (0.5 x 0.75 x (c + 1/c))
as a return in STU
where c is the value of 1 SBD in USD.
Right now 1 SBD is 2.17 USD. Thus you would need 220% return in STU for every 1 SBD you invest. It means the payout has to be more than 2.2$ to receive more than your invested 1 SBD (worth 2.17 USD).
☺️ @peekbit
Yes, but I wanted to calculate needed ROI, not a needed return in STU, while also explaining how I came to a result, not just give a formula, since many steemians don't know what are STU's and post would be too short to monetize it :D Thanks for the comment and resteem, I appreciate it :)
Think to rate an upvote bot (you pay with SBD) you need to know (as a basis) how much value a 100% bot upvote has. Usually this value will be given in STU($) I think...
But I never have used one ☺️
Important post this is @emirk, i have come to a similar conclusion that you need about 43% to get a positive ROI. Check out my latest bid bot post that lists the latest bots with positive ROI, might be helpful.
We just can give everbody just the advice not to use the @jerrybanfield bot.
We lost around -28% (19 SBD).
We also warn for resteem services where you pay more that 0.500 Steem/SBD.
You will never get this money back.
We know the numbers.
The biggest memo spammer and scammer is @byresteem. He really wants 2 Steem/SBD for a resteem.
Yes he has 26k followers, but let me say it again: you will never never get this money back!
Sadly a lot of this memo spammer and scammer are listet on https://steembottracker.com/.
And a lot of Steemit user get in this trap.
@resteem.bot
Resteemed to over 18400 followers and 100% upvoted. Thank you for using my service!
Send 0.200 Steem or 0.200 Steem Dollars and the URL in the memo to use the bot.
Read here how the bot from Berlin works.
#resteembot #bestofresteembot #winwithresteembot
Feel free to join our partner crypto exchange: https://www.binance.com/?ref=10230705.
@resteem.bot
My return on investment is less than what I put in using voting bots. I will avoid them now.
You can use @minnowbooster,@smartmarket or @tipu to make sure to get a positive ROI :)
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You got a 20.90% upvote from @minnowvotes courtesy of @emirk!
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Great post!
Thanks for tasting the eden!
You got a 21.21% upvote from @emperorofnaps courtesy of @emirk!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
wow @ math
Hey @emirk! Great post! Sorry to ping on it (if there’s a better way of contacting you, don’t hesitate to let me know), but, given you're one of my followers, any chance you'd like to try our new cross platform mobile app? We've added things we feel are missing from steemit like push notifications, user mentions, and chatting with other users. We’re also giving away free STEEM if you invite new users to the app. You can download the app here for iOS:
https://itunes.apple.com/us/app/vapor-a-steem-app/id1359525246
or here for Android:
https://play.google.com/store/apps/details?id=com.vapor
Here’s the github if you’d like to audit the code yourself:
https://github.com/dancherb/vapor
We're always looking ways to improve the app, so if you have any feedback DM me in Vapor!
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