RE: How much SBD and STEEM is sent to the voting bots per day?
The people using the bots are breaking even and not making more money than they put in.
The bot reward is closer to 200% if you are lucky and there is not over bidding inside the 2.4 hours.
So $1 gets you $2, but on payout day you get $2.00 - $0.5 (25% curation reward) = $1.50
But then this $1.50 is split 50/50 between SBD and Steem.
That is SBD 0.75 and Steem $0.348 (Steem/SBD = 0.93)
You get less Steem because of an error in the system. SBD is pegged against USD so it is 1 USD for 1 SBD). But to get Steem it is $1.50/2/2.12 = 0.348
So you get SBD0.75 + SBD0.345 = SBD1.10
Minus SBD1 you paid = SBD0.10
You will get that if SBD stays the same over that 7 days. If SBD goes down you make a loss.
The people using the bots make little or no money using the bots.
Thank you for this information. Seems like the Bots are doing well.
If they have their own SP yes, but if they need to lease the SP not that much. There is cost of building the bot, server hosting and maintenance cost too.
@colinbrazendale - are bots worth it? Does a Minnow need bots to rise up, succeed and to earn steem? Can a person ascend without using bots?