As upvoting bots have exploded in popularity with the SBD and Steem price increases combined with the tool by @yabapmatt to track bot upvotes, the amount of bids coming into voting bots has increased so much that minimum bids are increasing on many bots including mine!
The new minimum bid for an upvote is now 0.5 SBD or Steem on my bot. Make a bid for an upvote by sending at least 0.5 SBD or Steem to @jerrybanfield in a transfer along with the URL to the post on steemit.com in a memo. Bids for less than this will be automatically refunded. If a bid somehow is placed and does not result in an upvote after 5 hours, we can ask for a manual refund in my discord channel linked at https://jerrybanfield.com/contact/ with the link to the post and a screenshot of the transfer along with tagging @jerrybanfield.
Why not include smaller bids?
The higher a voting bot's total value, the higher the minimum bid needs to be also because of how Steem rounds smaller votes and because of the time it takes to make the votes. On the @jerrybanfield bot, the last round of voting dropped voting power from 100% to 97% instead of 98% because of the amount of 0.1 SBD bids being rounded slightly up and the minimum time between votes being 3 seconds. When the voting power goes below 98%, the bot is operating less efficiently with longer times between votes and incorrectly calculating the value of bids leading to a lower return for delegators and projects while increasing the returns for those sending smaller bids.
Bids to @jerrybanfield fund projects!
50% of the earnings from the bids received by the @jerrybanfield voting bot pay out directly to projects funding Steem via @budgets while the other half go back to delegators every day in automatic payouts. In the first month, we have funded the following projects with our bids for over $20,000 in Steem and SBD!
- The First YouTube Ad for Steemit in 2018! by @joeparys
- Proposal: Quickly and easily add a Creative Common Attribution International License watermark for sharing by @pegarissimo.
- 50 Million Ads for Steem on Facebook, Google, and YouTube! which is my ongoing project to advertise Steem.
- STEEMPUNK-NET -- MMORPG on the STEEM Blockchain -- already in open beta testing -- attracting players from outside STEEM by @steempunknet.
- SteemPlus budget proposal: Empowering Steemit and Busy users with more features by @steem-plus.
We also have pledged support to several contests and are about to announce a huge contest to build what might become the world's top app for peer to peer exchanges of fiat with cryptocurrency! Our goal is to collaborate together in promoting our posts, help investors earn a consistent return by delegating Steem power, and fund projects helping to build our community which will ultimately contribute to a higher Steem price.
Every witness vote for @jerrybanfield at https://steemit.com/~witnesses helps increase the funding available for projects because I do not receive a payout on the 101,000+ Steem power I have contributed and am effectively giving what would be about $1,000 a day for me in earnings back to @budgets and delegators!
Thank you very much to @freedom for the top deleagtion and witness vote! In 2018 we hope to see more projects submitted to help ensure we fund the greatest variety of people and ideas! Thank you for reading this update and for collaborating with us to continue growing our community here!