You are viewing a single comment's thread from:

RE: Public Service Announcement: Watch Out For The Profitability Of Using @ocdb [Update: The Liquid Rewards Seem To Be Adjusting But Slowly]

in #ocdb5 years ago

Good thing you noticed this as I was just about to use it!

I checked the bids and while doing it I think I also figured how to accurately determine if the bid brought net profit: after the received bid, the author rewards (0,75 x POST REWARDS) should be bigger than the AUTHOR REWARDS that would've been received without the ocdb vote + the bid amount.

Put into a formula it looks like this:

0.75 x POST REWARDS > ((POST REWARDS - ocdb vote value) x 0.75) + bid value)

where (POST REWARDS - ocdb vote value) x 0.75 determines the original AUTHOR REWARDS a user would've received without the ocdb vote.

So, if the above formula holds TRUE, then the bid brings net profit, but of course this is with the assumption that the numbers are static – which they aren't, they seem to be changing: the post you used as an example is now 78.07 (STU) on Steempeak interface which I think is equivalent to SBD.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.032
BTC 61185.73
ETH 3012.54
USDT 1.00
SBD 3.84