@smartsteem - the smartest bid-bot available

in steem •  7 months ago

Smartsteem.com offers multiple services. One of those is our bid-bot:

@smartsteem - the currently 2nd biggest bid-bot with over 2 Million Steempower, where you are able to buy votes by bidding for a share of a 100% vote. The votes are then cast every 245 minutes.

Over the last few weeks, we've analyzed the landscape of similar services and realized that there is big potential for improvement.

That's why we've made some changes to improve our service for our vote-bidders, delegators and for us, as well.

Problem: Overbidding

If you have used a bid-bot before, the chance is high that you were over-bidden at least once.

Which means: multiple users bid and paid more SBD & STEEM than what the vote was actually worth and the result is: loss of investment.

Paying 20 SBD for a 30$ vote (11.25 SBD + SP after Curation) is not fun and for many smaller users, a drastic loss.

There are different reasons for overbidding and we believe that we've eliminated nearly all of them.

Revenue Loss Limit

Our first measure against overbidding and pro-profitable & -neutral bids is through our Revenue Loss Limit.

We believe that a bought vote should be used for promotion and not in the first place for profit-reasons, however - as we've written above - losing a huge sum of money is not ok.

That's why we decided to put our Revenue Loss Limit at -10%.

This will protect you from losing your invested SBD & STEEM through overbidding - by putting your potential loss at a bare minimum of 10%.

But keep in mind that vote-bidding is still somewhat risky and not as guaranteed as instant votes from our vote-selling market, @smartmarket. (smartsteem.com for more info)

25% Curation as Default

Another reason for overbidding is that some people calculate their revenue without curation and create their post very shortly before the end of a bid-round and bid on it.

While this is lucrative for the individual as they don't have to give away 25% of their vote-revenue to @smartsteem (due to the young post-age) - it however totally destroys everyone's profitability who bid on an older post or earlier in the bid-round.

That's why we've implemented the change that posts will be upvoted as soon as they are 30 minutes old (=25% curation).

Example: If a user submits a post which is 10 minutes old, when the bid-round starts, then we will wait 20 minutes until the post is 30 minutes old and then vote.

This gives everyone the same profit-calculation and the same risk of overbidding (but max. -10%) - which will prevent egoistic voting.

More balanced payouts

While writing this post, @smartsteem has over 2 Million Steempower from users who are delegating to @smartsteem and in return receive 95% of the daily-revenue. (smartsteem.com/delegators)

We believe that the changes above will result in more balanced payouts and most importantly: less frustrating bidding.

Additionally, the guaranteed curation revenue for smartsteem will help us to keep the payout-percentage as high as possible (95% is a very solid number) while still having enough revenue to keep developing and enhancing smartsteem.com.

Last but not least ...

We want to thank every single one of our delegators for supporting and delegating to @smartsteem!

THANK YOU!

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Disclaimer: This post has been up-voted via @smartsteem and all delegators have been credited accordingly.

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Hey, @smartsteem @therealwolf
Nice to see you growing so big so fast. No wonder that yor're a leader in delegation market.

But... How exactly do you solve overbidding?.. You just push overbidders to the next round or what?

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Thank you!

1.) We put a limit at -10% loss. The rest is getting pushed to the next round.
2.) All transfers are getting treated the same - meaning: posts will be upvoted as soon as they are at least 30 minutes old. Which means, that curation is always 25% and calculations can be made accordingly, bids can be made early on.

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Any rules for improving the quality of posts upvoted by smartsteem?
Because not everybody is a spammer/plagiarist, but it doesn't mean they have made a very good post.

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Quality is in the eyes of the reader - so we can't do much about that. However something similar is on our to-do list for the future.

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  1. you could use cheetah and similars as a flag.
  2. You could use community to spot non quality post. For example if i see a bad post upvoted by smartsteem i could flag it or post a special comment. Then someone reviews the case. Then we use machine learning from a series of such cases to spot them (semi)auto
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Hey there. Out of pure curiosity, could someone get overbid so hard, or the volume so huge, that they get pushed back multiple rounds? also, if someone overbids a HUGE amount, which would normally take up the entire vote and then some, would you just refund the amount back?

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Nice one @smartsteem great to know that some bid bots are pushing the boundaries of being a good responsible bot for the community!! Well done future will improve this further!! I enjoy supporting and hope to delegate soon

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This is a wonderful question, been wondering the same myself. If steemit becomes more mainstream, I could see this becoming a massive problem with a bid bot influx shortly following.

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Nice to know about smarteem.

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I didn't try @smartsteem.

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I think bid-bots can be good, (but we have to use: https://steembottracker.com
to see what bots are active and profitable). I am going to try @smartsteem next time I get a chance.

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Ohh really OK maybe next time. My friend

I think @smartsteem is the most profitable bot for most of the time for me compare to the other upvote bots. Great adjustment here that is why I admire this bots. Great!

I'm using smartsteem to promote all of my blog posts now. Knowing that I haven't ever supported bid bots, this is quite a personal revolution for myself :-)

Quality always rules.

You're nickname tells the whole story. Investing in @smartsteem is currently one of the smartest ways to re-invest in your own blog and the platform itself. Maybe it's even the very best way.

I guess your competitors will lose a huge amount of clients in the near future that'll all start to use your services... And they'll do quite well doing so :-)

Great job!
Resteemed

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Thank you for the compliment and your continuous support @surfermarly!

You're nickname tells the whole story. Investing in @smartsteem is currently one of the smartest ways to re-invest in your own blog and the platform itself. Maybe it's even the very best way.

We are doing our best, for it to be the smartest and best way ;)

I guess your competitors will lose a huge amount of clients in the near future that'll all start to use your services... And they'll do quite well doing so :-)

I believe the market is big enough for competition but we are open to all users. (except spammers & scammers)

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Hmm how's it different from other vote bots?

Hope @smartsteem will be a real profitable bot.

Nice ..
Yes, we must be confident of ourselves, this is the basis for doing anything correctly
Well done .. great post
.

I liked your work, well done
Thanks for your positive tips
Great post

@smartsteem - thank you for a great service and for the improvements.
I have delegated all my SP to you guys, as I really enjoy what you are doing and putting the community first!

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Thank you @jmdk2000 - really appreciate that!

Do not support withdraw auto?

2 Million Steempower delegation is simply amazing. Unbelievable achievement for a young service!

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It's truly amazing!

there are so many bots out there but to be one controlling over 2 million SP it is proof they you guys @smartsteem is doing a fine job. Thanks.

Thank you smartsteem ! Good continuation !

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Avec plaisir!

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Sympa de répondre en français ;-) Je te souhaite tout particulièrement une bonne continuation ! Merci pour tout !

I like the curation and delayed voting changes. Time to make the switch. ;)

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I think so as well ;)

The fact you may have solved the over-bidding is huge! I can’t tell you how many times I’ve had a bid and then in the last 30 seconds get overbid from people rushing in. It is quite a pain in the ass haha.

I was about to ask how you solved the overbidding problem. I love the idea of “revenue loss limit”, gives people more incentive to go in on a bid without the chance of losing half of their money from over-bidders. Also, the “25% curation as default” is going to weed out the individuals who rush a post just to get a bid in.

Kudos to you @smartsteem for recognizing this ongoing problem with bidding on votes! Hopefully this is the first step in the right direction for us who do rely on bidding to promote our content :)

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Thank you @cryptonewb. We are doing our best to make @smartsteem as safe to use as possible.

Now, for the record: the first person who implemented a revenue loss limit was @yabapmatt with his @postpromoter and I believe a -10% revenue loss limit in combination with the 25% default curation is an incredible combo to provide a reliable bid-service to all steemians.

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Good idea

Is Brad Pitt really in on this? Why is jonah hill giving Brad that kind of look?

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Haha, Hollywood's elite knows what's best :-)

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haha good question, I guess Jonah was not ready for the camera and was probably talking to him and felt awkward.

Nah. Just lost a bunch of SBD on your services. Never again.

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5 SBD x $1.77 = $8.85 USD

That's how much I paid for your upvote.



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$6.41 USD is how much I got back

I lost a total of 1.15 SBD on a 5 SBD send.

I don't think the promotion your upvote grants is worth $2.44 USD. LOST

NEVER AGAIN

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1.) Do you live under a rock? Why isn't it possible for you to ASK WITH RESPECT?

2.) Do you understand how bid-bots work? Do you understand that every bid is a gamble? We only removed the chance of massive loss due to bidding - we didn't make it 100% profitable.

3.) You received a 10.25$ vote for 5 SBD. 75% author rewards are 7,6 STU. Out of that you will receive 3.8 SBD and 2.2 SP (based on the current price - `SP can be more or less).

That means you paid 5 SBD but will receive about 6 SBD back (STEEM converted to SBD with current rates.)

This doesn't sound like a loss to me. You made a nice profit in addition with your visibility gain.


I have no problem to answer to questions that are asked nicely even though my time is currently very, very limited, but taking shit from ungrateful people like you? No thanks.

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Uh, the charts don't lie man. I'm not here to gamble. I'm here to promote content.

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Math doesn't lie either.

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Not sure where you're getting your math, but apparently it is not the same math that steem.supply uses for their charts. And at first you say I get 3.8 SBD. Then you say 6 SBD. Wha? Listen, I don't expect a profit, but I do expect that if I'm paying $2.44 USD for a vote that this visibility you speak of would be a bit more. I don't think you've solved the "big losses" problem with bid bots. As a matter of fact I distinctly remember being offered a guaranteed 233% to 266% ROI on steembottracker.com. It's why I started using smartmarket and smartsteem in the first place. Now I notice that that has decreased, and at the same time the minimum bid has increased to 5 SBD. That hurts. Not a nice gesture.

sm.png

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Hi Mike, just to let you know that figure you got from steem.supply doesn't make sense. The $10.27 value you got from steemnow is correct and if you use @therealwolf's math above you will end up with roughly 6SBD. 3.8 paid out in SBD and 2.2 in SP.

Hope that helps.
And please try to do less fingerpointing initially until you have a clear understanding.

30-minute-post age is for @smartsteem alone and not for @smartmarket? Or for both? Thanks. :)

Indeed, I have used the service a good few times. I have to say it is well designed and easy to operate. Good job. 😊

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Thank you!

Since the price has gone down from its peak is it still profitable to bot

Amazing

Thats a good one!

hello sir ,i sent 10sbd smartmarket since 15 hours ago,but you haven't upvote . that's my memo https://steemit.com/photography/@smsulaiman/3jg8bp and back my sbd @therealwolf

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Refunded but you are blacklisted. Please don't make any more transfers to smartmarket or smartsteem

hi @therealwolf i sent 10sbd to @smartmarket 23 hours ago but i did not get either upvote or refund . please check my link and refund
https://steemit.com/photography/@smsulaiman/3jg8bp

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @xeldal valued at 70.49 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

Congratulations @smartsteem, this post is the most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 352 and the total pending payments to posts in this category was $3929.34. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @postpromoter valued at 76.00 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

I'm just starting out and I have thought about bidding but wasn't sure yet about overbidding and losing what little SBD I had. The revenue loss limit makes a big difference so I'm going to check it out.

Actually I've tried to bid. I fill my name, amount of sbd and link, then I try to submit and I see blank site and I cannot confirm my bid, any ideas why?
Yesterday it worked normal and today it doesn't want bid on any bot :/

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You can simply transfer it via your Steemit Wallet to @smartsteem

I can only say thank u smartsteem ur a very good helper and supporter
Keep it up ur great

Thank you smartsteem your post is helpful for new users who are using your services. I was also calculating without calculation of 25℅ curation.

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Some people did this and there is nothing wrong - but it's unfair to those people who have calculated with 25% curation.

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You are absolutely right.

I hope more initiatives like @smartsteem come true. Hugs from Brazil!

Hi @smartsteem @therealwolf, can you please explain me why the bot answered me returning the steems I sent and saying it doesnt support spam? I think my post are quite obvously not spam, and its all original content.
Thanks

Thank you for the [email protected]

@smartsteem all the best 💕👌

how can i join it?

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Simply go to smartsteem.com. :)

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Will try

this is good platform

nice post sir. restemeed and upvote!! :)

Yesterday I got for 30 SBD just 48 $ that was a big disappointment and the lowest I ever got for 30 SBD.
Revenue Loss Limit at -10% is still not cool it should be 0% or -1%

I have used many time @smartsteem, and I love it. you can visit my wallet to see how I purchase votes from smartsteem.I appreciate such a cool service/bot.

This is lovely... I will love to use this.... Can you pls send a tutorial on how to use smartsteem?

This is really amazing news for me.I will decide it later.Thank for your important article.

by putting your potential loss at a bare minimum of 10%.

*maximum right?

@smartsteem very imformative & interesting information. 👍👍

i ask for tranfers SBD for @ gptclikn

thank you for sharing the moment of postponement of voting change.
I like your post, I wait for the next chapter,
Thanks @smartsteem

Glad to hear it. Yesterday's bid was not good for me.

Good pos amazing

your post is always helpful,, 2 Million+
Steem Power delegation is simply amazing
good luck @smartsteem

Great adjustment here that is why I admire this bots. Great!

It's great to hear you have made an effort to limit the possibilities of over bidding. This is one things that has kept me back from trying out the bidding. I always wondered how i would ever breakeven by paying so much.
this has given me the confidence to try it out. Thanks for caring.

this is the profitable bot at this moment (in my opinion)

This is an innovate way of estimating the possible loss in a bid round, and helps to take the risk when one fully knows the possible implications when the bids are not favorable.
more power to your elbow

Thank you

Steemit has become the kingdom of bots and upvote services lately... And I am starting to get tired of this.

nice post
very helpfull

There is always a room for improvement. You guys are awesome.

bid-bot intelligent idea , i will try , thanks for your post

Great post! Enjoyed reading it. Also for anyone who wants to check I'm giving away some SBD today for more info check my posts.

Very helpful, thank you smartsteem!

@smartsteem @therealwolf nice bot , thank u :)

This is good adjustment. It will help a lot

Thanks for sharing valuable post.
I continue follow your post.
I appreciate your contest

Hi

Great post, I like @smartsteem it is definitely one of the best profitable bots out at the moment for me compared to most upvote bots.

good info. resteemed

Nice development

nice knowledge smartsteem

nice project but more developable

I need a support.
I have configured everything correctly and it a works week for me but not nwotlsothi:/
rks What I have to do?

Please how do i invest on @smartsteem ??

Great explanation and offering amazing services ❤keep it up the amazing work.

Great news, happy to hear team Smartsteem is taking steps to make voting bots more fair! Bravo :D

Flying blue whale small.jpg

Can someone please give me 0.001 Steem Dollars so I can verify my Streemian account?

Great post, i love this alot.

Amazing,,, your my motivation

Good deal, i like what i see here. Im new and had no idea about this sort of thing. 👍👍

interesting view @ smartsteemu

You run a great service here! Thank you for being around to help us minnows!

sorry, why i am blacklisted smartseem&smartmarket will not return any transaction anymore?

That's great.

Follow and vote for me thanks all

Really?!! Is this what Steemit is coming to. I have played the bot game. I have tried it all on Steemit to no avail. I thought Steemit was about quality content but that is not the case. It is a game. I am disappointed and Steemit is slowly loosing me. Sorry in advance but having a reality Steemit meltdown.

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maybe it's your content?

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Very well could be @edb1984 Maybe Steemit is not for me and I am not for Steemit. I still think it is a game in playing the bots and being part of cliques and families that upvote each others content. JMHO, it will be the downfall of Steemit. Just really disappointed.

This is what I think of the 'bid-bots' LOL

What is the difference between your bid bot and others ? No theres is not any differences. You are just making the trending page like a dumping site.

Most of the bid bot with high sp give -10 ROI we need 0 . Then only we will appreciate your effort. Otherwise its only loss of sbd for us just like from other bots.

@smartsteem is platform where you can improve content of quality

Nice post!

Thank Smartsteem. I have grow with you support.
I trust your service because your honesty

Smart steem is awesome good luck steemit

dear @smartsteem
Is Brad Pitt truly in on this? Why is jonah slope giving Brad that sort of look?

Hi I sent you a notification transfer already to request my deletion from the whitelist. I just received one star out of three, which I consider as a slap in the face showing me that the reviewer probably judged my content depending on his or her own lack of resonance and understanding. I don't want to expel potential readers because of this rating. Would be kind if you'd do that. Best wishes, Alex

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Sure - your decision. But there are def. worse things than a 1 star rating ...

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Such an odd request. One star is better than no stars. These all or nothing types.

Great update @smartsteem, i like it!

nice a good temparing quetion!!

Love takes away more than what it gives!
Tennison

What is the love of heart of love, should you say sadhakanan?
Najm Nadvi

There is a long delay in reconciliation, but it is good to see that there is hope forever
Govinda Chandra Das

My thirst is your happiness, your happiness
Rabindranath Tagore

Almost everyone on this earth falls in love with people of opposite nature
Humayun Ahmed

Deep love makes people dolls. A boyfriend is a lover's girlfriend or a lover is a boy's doll. The two are never dolls together. Who will be the doll and who is the carpenter depends on mental capacity. The person with whom the mental ability is the doll's twist in his hand.

You guys are growing so fast...Bravo...
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