Thanks for the good job @yabapmatt :)
I've got one question, why those voting bots allows negative ROI? The main purpose of the bot is to help user to get traction and in the same time make a few buck or at least not loose their capital... That's how most bot owners are advertising their bots and most of the time it's completely wrong:
yesterday I saw a -72% ROI ... An other exemple here:
My suggestion is to ad one more button on the top of the site to show only non negative ROI bots, then some people can votre for them first and more bot owner might be interested to setup the non negative ROI setup on their bot.
You are viewing a single comment's thread from:
That's what the ROI Limit is used for.
Thanks for your reply @therealwolf, I like to use your website, very professional and clear. When you advertise something it's not fake and the return is really good. Your bot is one of the few that actually have a limitation in terms of negative ROI, kudos for that.
Hey! I am the owner of the bidbot, @fishbaitbot . The problem with having a fixed non negative ROI is that people will then start using bid bots for earning instead of getting earning through good quality posts. The only aim of BidBots is to provide exposure. Paid profits on steemit is detrimental to steemit!
Hello @omstavan thank you very much for your reply. I just think that voting bots should have at least a negative ROI limitation. That's my personal opinion, just to get a system more fair :)
And i agree, this is kind of advertising, so there should be an upper limit. There shouldn't be a very high cost for exposure for platforms like steemit. A negative ROI limit would ensure that it doesn't cost too much!
Many voting boys implement that. My bot has a -10% limit on ROI. Some others also have similarly set values. These values are mentioned in the Steembottracker. You can select which bout to use from there!
This from someone who sells his vote to the highest bidder. This is comedy.
His site does show when the bots are showing a positive ROI. In the final ten minutes they turn green. Also popups come up for profitable bots. But I don't believe there is a filter to filter out neg ROI bots. You can however see which ones are neg as max suggested bid is above 0.
Trouble with having only positive ones show is that pretty much all the bots that are more than say 20 mins from voting show a positive ROI and then people come in toward bid time and reduce your profitability.
In the actual bot he created he put in a min ROI setting where the bot owner could stop taking bids below a certain ROI.
Some say the bots are to gain visibility. Ie upvotes = more chance of being seen. Not to make a profit. Ultimately the culture of STEEM is about creating quality content over simply going for cash.
In any case the bots face the issue of if their vote pool doesn't fill they ... don't lose money per se but they get less than their vote value
Hello peter thanks for your reply. as @therealwolf mention there is a column where you can see negative ROI limit and some boots have a 0%, I guess if you bid you are certain to receive a fair vote back.
If the bots are fair with their user they will be used more, if it's the opposite people will stop using them. You can see on the Steem bot tracker page, most voting bot have no negative RIO limitation.