RE: 24 hrs analysis of Bid-Bot usage in Steemit

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RE: 24 hrs analysis of Bid-Bot usage in Steemit

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eastmael (67)in #utopian-io • 7 years ago (edited)

If I were to summarize the findings here:

On May 22 to 23, there were 99 bidbots analyzed. 19 out of 99 (19%) bidbots account to 95% of the total vote value (not upvote activity) with a total of (no total provided).

There were 3297 votes cast on 2225 posts which had a total value of 11,302 STEEM (not SBD?). This accounted to 23% of the rewards pool on the given date. These rewards were distributed to 1488 unique users with 76% of these users have less than 500SP; 50% of the total bidbot vote rewards went to this group.

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This analysis of Paula came to mind when I read this
As pointed out by @crokkon in another contribution, I also think 24 hours is too short to make anything conclusive. I believe the data extracted here can be considered a sample.
What prompted you to come up with this analysis? What are you trying to achieve or relay with these results? Why bidbots? What is its overall impact to the STEEM blockchain as a whole? What action can be taken with the results?

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7 years ago in #utopian-io by eastmael (67)

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firedream (61) 7 years ago

@eastmael, thank you very much for your evaluation.

The analysis of Paula seems to be the exact negative of my study. While her report is on the earning of bid-bots, my report is on the reward pool consumption of bis-bots and earning of bid-bot users.
As with @crokkon, I completely agree with you. SteemSql is much more appropriate for these studies but my study can be considered as an example of data extraction with SteemJs.(not the very best way...)
This is a really long story, starting with GrumpyCat. I started to study what is claimed as "abuse of reward pool", what is reward pool, who is using the reward pool etc...
The bidbots are claimed to be the biggest consumers of the reward pool, so out of curiosity, I decided to make this analysis to understand the impact with facts and data.

FD.

$5.98

1 vote

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