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RE: Donating 5000$ and raising money with this post for covering some of SteemData costs + server upgrade. (by @Furion)

in #steem3 years ago

Maybe this has been asked somewhere already...

Why does Furion actually need more help with server costs? He has been one of the top witnesses for a while now and as one in the top-20, he is earning 7000-8000 SP per month. At current prices (~$2.85 right now), that's $20,000+ per month vs. ~$3000/mo. renting the equipment. Break-even on the new projected costs would be a $0.50 STEEM price.

For a few thousand dollars, you can buy your own 512 GB RAM server. Cash out a few thousand STEEM from witness rewards just from this month and he can buy two.

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Not too long ago, Steem was at 80c.

You're right, I should just power down some Steem to cover the costs. I do however feel bad whenever I do that.

SteemData is well funded given the recent price increase and my witness position. I would like to forward the funds raised in this campaign to other Steem projects.

There’s no need to feel bad for powering down, especially since the witness rewards are received as SP. It’s the only option.

And just to clarify - I get the costs of your project. I just didn’t understand why ~$1000 of post rewards were needed when witness rewards are 20+ times more than that...per month (at current prices). If you cashed some out tonight, you could potentially get about $5 per STEEM. Seems like a great deal to me!

Good luck with your new servers and upgrades! I have a feeling that most of us will be upgrading witness specs again soon with STEEM prices continuing upward.

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

That's why I think, that steem does not scale.
512GB Node ..that is crazy. No one, except rich or already SP rich witnesses could afford running this
STEEM goes further and further away from decentralization. heading into a 20 Witness "diversivied" centralized system

Steemdata is a backend that powers down stream applications. It will have processing and throughput needs over and above that needed to maintain a blockchain node. I’ve used the api and written big queries... it needs an upgrade

like getting a good post

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

I know..I am good!
Chers!

Hasn't he already crowd-funded some equipment before/

I’m not sure about equipment, but there was quite a few thousand allocated via posting rewards for SteemQ, which then turned into Viewly. And last I saw (3 months ago), there was to be an ICO for Viewly. Haven’t seen or heard anything about it since then. Furion’s social activity on the blockchain has only been one comment in the past two months...and that comment was worth $190+ when I saw it earlier today.

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

Dear friend
Like getting a good graphics
I announced you
you are a The world famous grapher

Dear friend
Like getting a good graphics
I announced you
you are a The world famous grapher

wow excellent post

Your writing is really a beautiful and clean mind telling you, your mind is like a great mountain and sea as a liberal.
Man's love for the people you spell cost whether you may be long live.
DEAR FRIEND THAK SO MUCH

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