lol, good luck with that one... (I should amend this to me more accurate, and not appear to undermine the developer's fee structure). I start charging fees at 0.5btc and offer retail below that for free... not enough money in it at 5% to make it economically significant. I certainly don't consider anything less that 5btc to be particularly useful, though I'm delighted that people have found the market and are participating in it.  Still, you could build your own, and fully deserve 100% of interest for your effort. In the meantime, I'd honour the dev for making you 50% for doing nothing. Some people might think he was doing you a favour.

btw, for your customers wondering how much to put across as fees, here's a ready reckoner:

your bot, mine, PLB.com, are all achieving around 50% rates... on which you're charging 5% (I believe) for a net fee on capital of 2.5% per annum...

so:

1% of capital (0.01 BTC for ever BTC, or .001 BTC for every .1BTC) will comfortably handle about six months.

0.5% of capital (position) about 3 months

0.2% of capital a month

Or you can do it from daily fees, with bots achieving around 0.15% daily (59% APR).

Multiply .15% by 30 and take 5% of that and you get: .225%

Hardly surprising, as it's just (30/20) * daily rate, or 1.5 x daily rate.

So there you go: 0.2% should pretty much cover a month, 1% should handle around six months.

For "$100", 0.2% = $0.20. For 0.100 BTC, 0.2% = 0.0002 BTC

Numbers are deliberately 'round' for ease of memorising them.

There is an intriguing possibility, and apologies if I'm going too fast in suggesting things - enthusiasm not pressure, which is that I chose 'BitcoinLendingBot' not 'PoloniexLendingBot' for my FB page (though I picked up the domain name PoloniexLendingBot.net).

That is 'provider agnostic', or it could be, and I would happily make you an admin, which would allow you to post articles on your bot on our (then shared) page.

Our philosophies with regard to potential clients and in the implementation of the bots seem similar: provide a service that provides legitimate access to automated lending. Given my experience on Facebook, we do get trolls, and two providers on the page would actually be a further anti-troll measure, as is the support of our clients in confirming that our service and the numbers are real.

Just a thought, pleasure to have you there if you decide to go for it, and I'm sure we can finesse any slight differences.

Yeah, obviously I was far from outraged. Curious, worried that you might have the magic touch to get 100% to our and PLB 58%, but relieved to find you're mortal at the end of the day, and likewise constrained by the market (go figure)...

... and of course I've just lost the entire draft of a reply showing you the comparison portfolio figures, which place you and PLB smack in the middle of a cloud of our returns, a cloud that 'shouldn't exist' since they're all using essentially the same engine, thus nicely demonstrating the effect of the state of the market on your portfolio start date for determining short-term returns and divergence. Obviously, long terms, clients from a single bot (or single bot settings profile) should converge to a single figure.

The irony is that the highest returns right now are for our retail clients, where we switch all those fancy features off and just get them in. Sometimes, it seems, you don't have to be smart, you just have to show up.

Here's the FB page, with client returns cited with their permission, for their interest and that of visitors. You're PBLB, natch, running our portfolio 'Pablo' (P B L o - could have gone with Pavlova, I guess (Cyrillic b)).

https://www.facebook.com/BitcoinLendingBot/photos/a.781142585380592.1073741828.779945558833628/794874350674082/?type=3&theater

Well... John's comment was "some great numbers, if you want to see some more competition there is http://poloniexbitcoinlendingbot.com/". Naturally I was outraged. And yes, sometimes ignorance is bliss. I'm very glad I never knew what I was getting into, in any number of projects in my life. The bot was fine, basically done in a couple of days, quietly tweaked as I see fit. Some of the toys though, that this makes possible, had me f'g and blinding... but it's been an amazing learning experience and expansion, both of coding ability and in the finance/potential.

Speaking of which, while it's obviously natural or not unreasonable to discuss ideas you've already highlighted in any case (like the bot itself and its principles), there might be other areas where a quieter chat might be in order. We're already obviously on the same page as far as the essentials go, and both of us seem keen to support individual lenders, whom I totally honour because I know how rare they are in general. There's a loose 'cloud' of relevant professional contributors coalescing, most of us middle aged, all with histories as entrepreneurs, techs, financiers, all curious to see how this might play out (big picture, not just the bot).

As the one at the (approximate) centre given my enthusiasm, I'm the one with the 'cunning plan', and we all know how those work out...

Nevertheless, might be worth having a slightly quieter chat, at your leisure (and.romeda@virgin.net), and as ever no one is excluded if they believe they have a curiosity, angle or interest that's pertinent, but I do obviously have a particular interest in chatting with Mr Dev... been there, done that and all that.

Great website, btw - never been my forte, thank gd for FB pages.

Nice. A visitor to our FB page (BitcoinLendingBot) pointed out this bot, and inevitably I guess, it seems we've picked up on similar features: extended duration loans, loan fragmentation, creep (downward float), etc. Similarly to the developer, I'm ex-finance and a software developer, didn't see the point in paying a further 10% (after Poloniex 15%) to PoloniexLendingBot.com, so wrote my own. Fun, and once you're running your own money, what do you do with it but offer it out to others?

I'm trying to get the word out via advertising, because I believe it's astonishing that we can be earning 50% on funds instead of paying 30% on credit cards - reaction? For most it's just too inconceivable.

Still, hats off to the dev for adding a nice bit of kit to the market (maybe a tad over-complicated, just give them a button saying 'Run' and let them trust you to be smart about it - just a suggestion. Can always put the sophisticated options in the background for advanced users).

If (s)he feels like it, come on over to the FB page and say hi. This is a niche opportunity, neither of us are going to be Zuckerbergs for a Lending Bot. Love to chat.

Also, I was running (per client request) a comparison portfolio with PLB.com (PoloniexLendingBot.com) and I've set up a similar for PBLB.com (this one). Up front, in the open, no tricks. Just be interesting to see how we do with respect to one another. Same game, same 'wind' (market), so as in the old tea clipper days, there's only so much one bot can do vs another to get ahead.

Frankly, I'd much rather enjoy the camaraderie than the competition. Those few people who actually get this opportunity and go for it are priceless, not because they'll make us rich (they won't, especially as I don't charge below 5btc - just not worth it), but because they get it. Pleasure meeting you, as I hope I might, at least in virtual space.

Beer's in the virtual freezer, any time anyone fancies a chat, the dev absolutely and particularly included in that invite.