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RE: If Something Smells Phishy, It Most Likely Is!

in #community6 years ago

Great comment @beeyou !

You are right in that the vast majority of witnesses are losing money on STEEM mined verses server costs. Even the base set-up is not going to show any profit at all for around half the active witnesses.

Many (including @steemcommunity) have the plan in mind that if the node starts turning a profit, more equipment will be added thus balancing the expenses. I would suggest that at present if you are not in the top 20 and have all the kit, then you wont be making money as a witness right now.

Thank you for the kind mention of @steemcommunity :D

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I would suggest that at present if you are not in the top 20 and have all the kit, then you wont be making money as a witness right now.

In my 7 months of being on here, it is witnesses such as yourself, Matt, and Daniel (all not in the top 20), that have shown support to us small fishes. It is this very reason why many of us redfishes and minnows try our best to bring awareness to the importance of witness voting. Imagine the many lives you would impact if you had the financial support of being in the top 20. We minnows may lack influence, but I know a lot of us will continue to spread awareness and aim for our favorite witnesses to make it to the top 20. :)

Appreciate you stopping by Asher!

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