RE: Steem Experiments: Is it better to sell your vote with Smartmarket or Minnowbooster?

[therealwolf]

Very interesting post @tcpolymath. Normally, the revenue should be very similar, even though I'm not sure what ROI minnowbooster is giving their buying customers.

But I think I've got an explanation why the ROI was higher for MB in that timeframe. Due to the Price fall of steem - the ratio dropped from around 1.8 to normally 1.3 - but @smartmarket had a limit implemented to prevent spikes lowering the ratio too hard - which put the ratio at 1.5 instead of 1.3+.

I've recently removed that limit - so the ratio is now fixed to the ROI of 10%. As seen on Smartsteem.com/buy:

However, I want to mention that it's a very fine line between giving sellers what they want and giving buyers what they want.

I personally would refrain from putting the threshold too high at smartmarket, since that would punish us for making sure that buying customers are happy as well - but everyone should decide for him/herself.

Comments

[bluehorseshoe]

Question @therealwolf: As a smartmarket user what setting should I use for "Voting Power Treshold" and "vote user selection" that best serves me when I'm too busy to use steemit and just want to get paid the most I can?

[therealwolf]

Threshold I would put at 90% and for the selection: you can choose how you like. If you want to get everyone a chance, then choose everyone but otherwise whitelist rank 1 or 2 should be enough for filtering of spam.

[bluehorseshoe]

Excellent, thank you.

[tcpolymath]

Thanks for the insight into your system. Given that, I should definitely re-run the experiment when I can figure out how to get the MinnowBooster account to consistently sell its votes. It's currently set at 50% and still selling like 1 vote per day. Hopefully that will improve once the feed price catches up.

I suppose that would imply that you're doing a lot better for the buying customers than they are, although I think a bunch of that effect is that your algorithm batches votes together much better than theirs does.

Question - does your ROI calculation account for the portion of liquid payout that comes in Steem? That's beginning to have a significant effect these days.

[therealwolf]

Question - does your ROI calculation account for the portion of liquid payout that comes in Steem? That's beginning to have a significant effect these days.

I'm implementing that right now, but that will have an effect of the ROI for sellers as well