You are viewing a single comment's thread from:

RE: Fulltimegeek Talks About The Responsibilities Of A Steem Witness

in #fulltimegeek6 years ago (edited)

Top 20 makes $7k/month, and yes they are ALL worth it. They all do the max # of blocks, they earn it all. Server Costs are around $700/month (or more!) so 10% (or more) of the pay they receive. Now top 50 actually make a "profit" by most people's measure, and it takes at least top 80 (give or take) to "break even" and pay for your server costs. However, a lower slot has less hardware needs. At these steem prices, no one is getting rich. Think of steem witnesses as MINERS. They deserve to make a profit. If TPTB would deem that the top 100 all got the same # of block producing opportunities, lower hardware costs and a more spread out payout would make it easier on everyone. But they set it up for top 20. I project that in the future, if steem rises to around $10, that we will have many more blocks to spread around. I would love to see a distribution chart among the witnesses if our traffic rises by a factor of 10x or more. You know ppl will be clamoring to join SteemPeak and similar UI's...

Coin Marketplace

STEEM 0.27
TRX 0.11
JST 0.030
BTC 69081.21
ETH 3809.03
USDT 1.00
SBD 3.50