zackcoburn
commented
6 years ago Congratulations!
It's definitely my understanding that this kind of bot will always be a gas-price-game-theory-war-of-attrition.
Zack Coburn
NOTICE: This e-mail transmission (and/or the attachments accompanying it) may contain confidential information belonging to the sender which is protected by law. The information is intended only for the use of the intended recipient. If you are not the intended recipient, you are hereby notified that any disclosure, copying, distribution or the taking of any action in reliance on the contents of this information is strictly prohibited. Any unauthorized interception of this transmission is illegal. If you have received this transmission in error, please promptly notify the sender by reply e-mail, and then destroy all copies of the transmission.
On Sat, Dec 2, 2017 at 12:44 PM, Sean Anderson notifications@github.com wrote:
Just thought you should know given the journey I've been on trying to get this shit up and running.
Unfortunately (and word of warning for anyone else reading), I thiiiiiiiiink game theory says that this actually can't be a profitable endeavor. Sort of like prisoner's dilemma. I didn't actually make money running last night due to being beaten out by others.
Sooo I'm going to take a day of rest, then get started on capturing trade data and working on market making.
@zackcoburn https://github.com/zackcoburn Is your understanding that it's not actually profitable to try and run one of these typo-buying bots? People will just increase their bots gas usage until all the profits disappear. There's always a chance you lose out -- either being a block behind the successful trade, or failing to pay as much in gas as the other bot. Some bots pay 50% fees. I ran with 55% fees as gas last night and had 3 successful trades out of 18. So, on average, running at a loss still. Does that align with your understanding? Any ideas on other clever things I could try to make profits while building up to market making? :)
— You are receiving this because you were mentioned. Reply to this email directly, view it on GitHub https://github.com/etherdelta/bots/issues/2, or mute the thread https://github.com/notifications/unsubscribe-auth/APEqPd17cfjy7YzytWH270q8Phu5mr_cks5s8Zp_gaJpZM4QzajQ .
MeoMix
Just thought you should know given the journey I've been on trying to get this shit up and running.
Unfortunately (and word of warning for anyone else reading), I thiiiiiiiiink game theory says that this actually can't be a profitable endeavor. Sort of like prisoner's dilemma. I didn't actually make money running last night due to being beaten out by others at a rate that makes the amount I pay in gas fees not sustainable.
Sooo I'm going to take a day of rest, then get started on capturing trade data and working on market making.
@zackcoburn Is your understanding that it's not actually profitable to try and run one of these typo-buying bots? People will just increase their bots gas usage until all the profits disappear. There's always a chance you lose out -- either being a block behind the successful trade, or failing to pay as much in gas as the other bot. Some bots pay 50% fees. I ran with 55% fees as gas last night and had 3 successful trades out of 18. So, on average, running at a loss still. Does that align with your understanding? Any ideas on other clever things I could try to make profits while building up to market making? :)