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How much of the rewards get distributed by boosters ? by felixxx

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· @felixxx · (edited)
$90.50
How much of the rewards get distributed by boosters ?
I recently got asked, if I could figure out, how much of the STEEM Reward Pool is being distributed by boosters.

I have come up with a script and it returned some numbers ... first:
### What's your guess :) ?
....
####
#### Method:
####
I had to make a list of all 'booster' accounts first.
I didn't spend much time on this and simply copied all bots from here: http://steembrain.com/bottracker/
####
#### Then, here is what the script does in simple words
####
- Go through all transaction during the last 24 hours
- Filter for 'author_rewards'
- Add up all the author rewards.
- For each reward, check if a 'booster' has voted for the post.
- If there are votes from 'boosters', calculate their share and add up those rewards

Find the code here:
https://github.com/fxnormaluser/boostats/blob/master/boostats.py
( Sorry about the lazy documentation ... )
###
#### At the end it should have two numbers:
####
- Total author rewards
- Share of those rewards, which has been allocated by 'boosters'
####
### These numbers are inacurate, because:
####
- Not all of the votes by 'booster' accounts were paid for
- I am only looking at root_posts, not comments
- I didn't check, whether the vote was an upvote or downvote 
- smartmarket sells votes, which are not tracked by this method
- Other stuff I can't think of right now ...

Nonetheless, I think the numbers are good enough to illustrate, how much influence 'voting services' have on STEEM rewards. And that was the whole idea behind this exercise ... 
####
## Results:
####
<center>https://i.imgur.com/980xI26.png</center>
__As mentioned above, take these numbers with a grain of salt.__

During the 24h period:
- 27,016 main posts received a payout.
- 6037 votes were made by 'boosters' 
(I meant to count a different number, but made a mistake)
- 110,234 $ in posting rewards were paid out.
- 17,626 $ of those payouts were allocated by 'boosters'
####
## That is ~ 16% 
####
#### Further metrics, I could include in the future:
####
- How many authors have used more than one booster ?
- How many posts generated their payouts mainly from boosters ?
- Check comments, too
- How _many_ votes the 'booster' accounts made

Furthermore, I could change the method and look at transaction histories and memos instead.
I could also compare, how many SBD are moved through 'boosters' and compare that to the total (and liquid) rewards claimed during the same period.
####
#### Conclusions
####
I would like to leave this up to the reader.
I think it shows how 'linear rewards' have created a dynamic, where the quality of a post plays no role, but I am sure, someone will find this an 'interesting phenomenon' ...
####
#### Plans
####
I plan on compiling this into an automated report.
Perhaps, I could include some charts, too.
Please let me know what you think of it.
๐Ÿ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 38 others
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vote details (102)
@altobee ·
$0.19
Interessant. Ich freue mich auf weitere Statistiken รผber die Bots und was das ausmacht auf steemit:)
๐Ÿ‘  
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vote details (1)
@avalonproject ·
Crazy crazy how this works... 
So its really helpful to send 0.1 to Bots ๐Ÿค”
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@felixxx ·
>So its really helpful to send 0.1 to Bots 

How do you come to this conclusion ?
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@emrebeyler · (edited)
$0.63
Great analysis! We should store these numbers daily. Then we can make cool graphs :) 

Edit: here is my %16... :)
๐Ÿ‘  ,
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vote details (2)
@flurgx ·
$0.22
Wusst ichs doch! Alle sind nur wegen dem Geld hier und bleiben auch wegen dem Geld. 
Kein Fisch in dem verfickten Ozean interessiert sich fรผr die Community. 
๐Ÿ˜‚
๐Ÿ‘  ,
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vote details (2)
@felixxx ·
$4.67
Man sollte eigentlich annehmen, dass ab einer bestimmten Investitionssumme jeder daran interessiert sein sollte, die communitey zu stรคrken ...
Mit dem derzeitigen System sind jedenfalls diejenigen die Verlierer, die noch nach 'content' suchen.
๐Ÿ‘  , , , , ,
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vote details (6)
@flurgx · (edited)
Da geb ich dir zu 100% recht, bzw stimme ich dir schlicht und einfach zu,... 
An dem derzeitigen System lieรŸe sich viel verbessern, zum Wohle aller
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@shaka ·
Mit Ausnahme derer, die nach content suchen UND sich fรผr die Mรผhe รผber den reward pool belohnen (lassen).
๐Ÿ‘  , , ,
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vote details (4)
@gangas ·
Hey @felixxx , this is a great post , that will surely help this community. Most people here are not aware or doesn't know this.
I would like to add a quote here , that may be helpful to bloggers on this platform;

Why You Should Upvote Comments!!!!
I've noticed alot of people doesnt reward their followers, and their commenters on here.
It's a shame.
When someone takes the time to not only read your post but to leave a comment. Even throwing your small vote their way does a lot of great things...
They are More Likely To Follow You;
I'm not saying you should upvote every single comment you get. I try and look for those that I feel provide value to the post. When they see that you upvoted their comment and they will be rewarded as a result. This encourages them to follow you; Then you'll have a regular on your post!
You can grow your followers so that they can grow you;
If they choose to keep their Steem in their account, They may power it up. If you continuously are upvoting their great comments, then they will steadily grow overtime. Their vote will be worth even more, and they'll be able to upvote you, The upvotes you gave them helps them grow, so they have more power on the platform.
๐Ÿ‘Ž  , , , , , , , ,
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vote details (9)
@holm · (edited)
$1.36
I'm not fund of the linear reward system either. I like people are using the bots just to create awareness how bad it can become. I myself am guilty of using them from time to time. But overall I hope its just a period of steemit and the boosters one day will be of the past.
๐Ÿ‘  ,
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vote details (2)
@irgendwo · (edited)
Ich bin nur knapp zwei Monate dabei und ich stolper immer wieder รผber das Thema Reward Pool und Booster. Das Booster aus reiner Nรคchstenliebe betrieben werden sei mal dahin gestellt. Und es ist auch eine Lรผge, dass Bots gleichzusetzen sind mit Werbung fรผr den eigenen Post.

Hin und wieder wรผnsche ich mir mehr Sichtbarkeit, zwischen all den Post und experimentiere im Moment mit Bots, es hilft nicht viel, stรคrkt aber den eigenen Ego :D Jedenfalls mir scheint es nicht zu helfen. Ich scheine sogar etwas dadurch zu verlieren. Ob es manchen dadurch gelingt wirklich Geld zu drucken oder ganz allein nur den Botbetreibern hilft, sehe ich noch.

Steemit scheint zu einem eigenen kleinen Wirtschaftssystem geworden zu sein. Fรผr die einen Hoffnung auf Gehรถr, fรผr die anderen Gelddruckmaschine.
๐Ÿ‘  
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vote details (1)
@avalonproject ·
Hab Mal gevotet aber gibt nix aus ^^
๐Ÿ‘  
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vote details (1)
@irgendwo ·
Das ist ok! Freue mich fรผr jeden Vote :) Mich giert es mehr nach der Aufmerksamkeit als nach dem Wert des Vote :D
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@lucygarrod ·
$0.19
I don't wish it for Steemit but if we don't fix this issue of paying for upvotes it will kill the platform. It is already become like a boring monopoly game where someone owns all the hotels and no matter what you try you're never going to come out as winner.
๐Ÿ‘  , ,
properties (23)
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vote details (3)
@lucylin ·
I really dont understand steem/it - the math and mechanics is just not something I'm 'turned on' by, but I _am_ very interested in the principles involved.

It seem to me, that with bid bots and downvoting - coupled with numerous accounts held by the same persons - that the system is manipulated.

_IF_ steem is define as a real asset (money or otherwise), then these systems must surely be  illegal (manipulating financial markets!??)

followed.
๐Ÿ‘  
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vote details (1)
@lunanightshade ·
This is an *interesting phenomenon* ...
or should I rather say, that I dislike the bots? Distributing 16% of everything compared to the little amount of accounts they have? Isn't that some ridiculous amount of power ... in buyable, automated hands ? (Why do I suddenly need to think of real world politics ...)
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@makerhacks ·
Interesting break down!

If I don't use boosters then nobody sees my posts. I consider my content good quality but doesn't everyone :)
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@markrmorrisjr ·
$0.11
Bots can't be blamed on linear rewards, I don't think. Another aspect you should include is how much is added to the post, after the bot votes. You might have to control for those votes that also followed the author, but I think it would be closer to 25 or 30% of the pool. But, why were the payouts so low in that 24 hour window, anyway?
๐Ÿ‘  ,
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vote details (2)
@shaka · (edited)
$2.90
Linear rewards are actually the fuel for bid bots. The most profitable use of SP since the introduction of linear rewards is to either self-vote OR to lease-out SP to bid bots. With n square it was curating popular content.
๐Ÿ‘  , ,
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vote details (3)
@markrmorrisjr ·
Okay i can agree with that from a minnow perspective, but for the bot owners thus would always have been most profitable, no risk, all reward. That's my biggest problem with it. It rob s the rewards pool, then moves the profits of that heist behind the scenes where it can't be downvoted.
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@nomannomi · (edited)
there are many boosters on steemit like @boomrange , @upme @appreciator ,  @minnowbooster but no any one give back profits but @ minnow booster is not give you loss because he give back your sbd and some steem and other bots are not properly give profits they are bid bots and they all give you loss. for example you sent 3.5 sbd to upme and he give loss 1.5 . because he give you back 1 steem but if you buy steem by 
 1sbd on block trade then they give you 1,something and upme give you one steem on 1.5. then you make lose from bid bots
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@ocrdu ·
I dont think the linear reward curve is to blame. People will find a way to work the system whatever the reward curve is; their methods will be adjusted to the rules *du jour*. Posting quality isn't, and has rarely been a consideration.
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@redtravels ·
$0.19
Ich verstehs eh nicht, benutze keinen einzigen Booster... glaube nicht dass das Sinn und Zweck sein sollte und ich muss ehrlich sagen so wie das hier alles zugeht glaube ich zumindest wie es im Moment mit allem ist nicht gut fรผr die Zukunft aussieht....
๐Ÿ‘  ,
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vote details (2)
@avalonproject ·
Sehe ich auch so.. als neuer hat man da kaum Chancen ๐Ÿค”
Bin noch gespannt wie sich das entwickelt.
Werden wohl nur die groรŸen Fische davon profitieren ๐Ÿ˜ฅ
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@revisesociology ·
$0.99
16% sounds like a lot! Given that are relatively few booster accounts. 

It would be very useful to see the trends over time, then again I loves data analysis posts!

Maybe a 'top 20 users list of shame' could be added in too - although you might want to call it something different!

Goid effort, even with all the problems filtering the data.
๐Ÿ‘  ,
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vote details (2)
@themarkymark ·
Relatively few booster accounts...  Thanks for the lol
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@revisesociology ·
Yes - about 30 'bid bots' which form the basis of the above analysis.

Of course if yer talking about people's own personal shill accounts - I dread to think how many of them there are... much harder to query that I think!
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@sco ·
You have convinced me. Linear rewards have to go.
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@shaka · (edited)
$4.74
Thanks for conducting this analysis. Even if the 16% is an approximation, I consider it a highly descriptive metric for the new _pay for exposure_ -economy that has arisen since HF 19.

I would like to see this updated at least on a monthly basis.

Cheers!

(self-voted with 16% to make a point)
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vote details (9)
@doomsdaychassis ·
$0.31
I didn't really catch that. Could you throw me a 16% vote just so i can make sure i understand?  :)
๐Ÿ‘  ,
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vote details (2)
@avalonproject ·
I also Vote but i think you get nothing ^^
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@shaka · (edited)
$1.50
Haha, that was a good one :)

I gave you a 16% vote on your [endeavour towards 1 MVest](https://steemit.com/money/@doomsdaychassis/where-do-you-rank)...

Good luck!
๐Ÿ‘  , , , , , ,
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vote details (7)
@flurgx ·
$0.89
Pay for exposure has arisen with the first @randowhale and got into the extreme with the bid rounds and the latest developments of @minnowbooster which does upvotes for 100+ sbd... 
But that's a snake that bites it's own tail... 
Sbd back to 1 dollar cause of excessive supply
๐Ÿ‘  ,
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vote details (2)
@oghie ·
Followed you!
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