### Repository
https://github.com/steemit/steem

### Introduction

Like it or not, bid-bots are now a widely used part of Steemit.
For some, they are a tool of promotion to get their post out of the "noise" and for some, it is a way of profit.
The general action of a bid-bot is :
* The user sends Steem or SBD to the bid-bot with the URL of a post in the memo
* The bid-bot collects the bids
* Depending on the total of the bids collected, the bot starts giving upvotes using its total %2 of total power ( until 100% vote) giving upvotes proportional to each users bid to total bids collected.
* After voting window ends, the bot rests for 2,4 hours - or until it reaches 100% power to regain power.

As the ROI ( the upvote user will receive / the money user sent ) totally depends on the total bids collected ( vote value of the bot is constant) there should be a more profitable time frame, where there are fewer users sending bids to use these bots.

In this analysis, it is searched, if such a timeframe really exists.

### Scope of Analysis
Analysis date: 15 May 2018
Analysis timeframe: 07 May 2018 00:00 to 13 May 2018 24:00
Bots analyzed: 
* @buildawhale
* @rocky1
* @therising

All times are in UTC.

### Tools
* #### Finding the upvotes given to all users
For this analysis the tool [SteemBotAnalysis](https://fdsteemtools.neocities.org/botanalysis.html) [GitHub](https://github.com/firedreamgames/steembotanalysis) is used.
I have mainly built this tool to analyze the voting behaviors ( vote date-post date) of the users but it is very suitable for such analysis with the added properties like :
* Timeframe selection
* % Vote given indication
(thanks from here to @transisto for his recommendations on the added properties)

![](https://steemitimages.com/DQmU4Fb2zJqkDuKvwusoF9L3XW6SqGg2sbHDtMMyuT2NCHp/image.png)
Selecting the bot and the time frame, all the upvote data of the bot is received.

### Finding the bid sent
For the bid sent, two methods should be chosen.
1- Write a script to actually take the transfer from block-chain data
2- Put the data to a spreadsheet
* Determine the voting windows
* Take the minimum bet of the bot from @yabapmatt's [SteemBotTracker](https://steembottracker.com/)
* Define the minimum vote given for each voting window
* Estimate the bids sent as minimum vote given for minimum bid

I have taken the second approach and validated that it works perfectly *unless the minimum bid changes within the analysis week.*

### Calculate the Gross - ROI

The gross ROI is basically (SBD Value of upvote received) / (Bid Sent as SBD)
Since we have all the data, it is just spreadsheet calculation.

 [SpreadSheet for raw data](https://docs.google.com/spreadsheets/d/1HDbU6oceknlp-P8rlMKFKv2RlolA8grKZPLajdWmWOI/edit?usp=sharing)

### Results

The Gross-ROI findings for 3 bots during 1 week are as follows :

@buildawhale
![](https://steemitimages.com/DQmYJ9uqBw1MSuXCCCsx8ev4y48btF5AEDKn4mVuDwswx9q/image.png)

@rocky1
![](https://steemitimages.com/DQmduyEyLxoXVKpwhn9mVbZuPCAp6AQKEbEiHLCGs5pkRCE/image.png)


 @therising
![](https://steemitimages.com/DQmR4QY16p3gPbDpfJe4qgDfZ2a1eLBQgMeAErnqMuTyAuW/image.png)

Looking at the 1 week data we can conclude that :
* It is difficult to define a maximum ROI voting window time but we can easily see a much stable time which is between 00:00 UTC to 9:30 UTC for everyday.
* The stable zone generally gives more ROI than unstable zone, less gambling.
* For all three bots, it is clearly seen that bidding on Sunday gives much more ROI compared to other days.

As a final word, I really would like to see if Hawthorne Effect ( observation changes behavior) will work on this analysis.
Just because we have determined a "stable timeframe" and "max ROI date" can change the voting behavior of people and a new study would be required. 

### Proof of Authorship
[GitHub for SteemBotAnalysis](https://github.com/firedreamgames/steembotanalysis)
![](https://steemitimages.com/DQmVcvpUYo8GP5CFaakmZTgb3tgihf6194iVLwGt3T6nCK3/image.png)

### Contact
* @FireDream - Steemit
* @firedream#3528 - Discord

### Links
[SteemBotAnalysis](https://fdsteemtools.neocities.org/botanalysis.html)
[GitHub for SteemBotAnalysis](https://github.com/firedreamgames/steembotanalysis)

 [SpreadSheet for raw data](https://docs.google.com/spreadsheets/d/1HDbU6oceknlp-P8rlMKFKv2RlolA8grKZPLajdWmWOI/edit?usp=sharing)