How much do Witnesses make? Week 1 Report: Witness Rewards

in steem •  last year


WitnessWatch.png

Have you ever wondered what witnesses make?


STEEM witnesses are the secret sauce that make Steemit function. Every post you submit, transfer you send, and vote you cast are processed by the witnesses. Being a witness is a big responsibility, and the equipment and maintenance can be expensive and time-intensive. Because of this, witnesses are compensated with SP for every "block" of transactions that they process.

The blockchain, through the witnesses, processes 21 blocks of transactions in each 63-second round. The top 19 witnesses get 1 block every round, with the other 2 blocks being distributed among the other active witnesses according to their ranking.

We have run a script that has analyzed every block over the last 7 days to calculate what each witness earned over the week.

Here is a cluster chart to give you an idea of the distribution of blocks among the witnesses:

clusterlayout_witnessRewards.png

As you can see, the Top 19 are in the middle with the lion's share of the earnings.

This bar chart gives a good visualization of the reward curve amongst witnesses:

barchart_witnessRewards.png

For a more detailed breakdown of the witness income over the last week, see the table below. Note that the $ value attributed is based on the current STEEM price at the time publishing of $6.48. This price has fluctuated wildly over the last few months.

Rank Witness SP $ Value
1 jesta 1,522.77 $9,867.56
2 timcliff 1,523.15 $9,870.01
3 gtg 1,522.77 $9,867.56
4 roelandp 1,523.15 $9,870.03
5 blocktrades 1,522.58 $9,866.32
6 someguy123 1,523.15 $9,870.02
7 good-karma 1,522.77 $9,867.56
8 aggroed 1,524.29 $9,877.41
9 smooth.witness 1,522.96 $9,868.79
10 lukestokes.mhth 1,523.34 $9,871.25
11 clayop 1,522.39 $9,865.10
12 anyx 1,523.15 $9,870.02
13 xeldal 1,381.71 $8,953.45
14 curie 1,523.53 $9,872.48
15 ausbitbank 1,522.77 $9,867.56
16 furion 1,526.00 $9,888.49
17 pharesim 1,522.96 $9,868.79
18 netuoso 1,523.15 $9,870.02
19 pfunk 1,409.42 $9,133.01
20 riverhead 1,462.91 $9,479.66
21 thecryptodrive 384.09 $2,488.88
22 busy.witness 592.55 $3,839.73
23 liondani 341.31 $2,211.68
24 wackou 333.68 $2,162.24
25 jerrybanfield 327.01 $2,119.01
26 bhuz 309.85 $2,007.80
27 cervantes 282.19 $1,828.58
28 followbtcnews 285.06 $1,847.19
29 klye 281.24 $1,822.45
30 drakos 276.48 $1,791.60
31 abit 247.88 $1,606.25
32 fyrst-witness 236.44 $1,532.13
33 teamsteem 231.67 $1,501.22
34 ihashfury 221.18 $1,433.28
35 utopian-io 206.88 $1,340.60
36 aizensou 188.77 $1,223.22
37 charlieshrem 183.05 $1,186.16
38 themarkymark 167.79 $1,087.31
39 yabapmatt 169.70 $1,099.66
40 joseph 148.73 $963.75
41 chainsquad.com 145.86 $945.20
43 steemed 132.52 $858.73
45 blueorgy 127.75 $827.84
46 delegate.lafona 125.84 $815.46
47 theprophet0 122.98 $796.94
48 neoxian 111.55 $722.82
51 chitty 92.48 $599.26
52 nextgencrypto 87.71 $568.37
53 steemychicken1 80.08 $518.94
54 arcange 58.16 $376.88
55 reggaemuffin 62.92 $407.73
56 blockbrothers 66.74 $432.46
57 liberosist 68.64 $444.82
58 patrice 64.83 $420.11
59 krnel 66.73 $432.44
60 boatymcboatface 66.74 $432.46
62 bitcoiner 1.91 $12.35
63 steemgigs 65.78 $426.26
64 ats-witness 60.06 $389.20
65 dragosroua 58.16 $376.85
66 blockchained 54.34 $352.14
71 adsactly-witness 43.86 $284.20
72 ocd-witness 6.67 $43.23
73 viva.witness 33.36 $216.18
74 rival 39.09 $253.29
75 steem-id 36.23 $234.77
77 felixxx 35.28 $228.59
78 sircork 32.41 $210.03
79 kushed 31.46 $203.88
80 inventor16 30.51 $197.68
81 bitrocker2020 28.60 $185.32
82 sc-steemit 26.69 $172.97
83 masteryoda 27.65 $179.17
84 bue 24.79 $160.62
85 jatinhota 24.79 $160.62
88 fubar-bdhr 23.83 $154.44
90 swelker101 22.88 $148.26
91 demotruk 21.93 $142.09
92 suggeelson 21.93 $142.11
94 anarcho-andrei 19.07 $123.56
95 prc 18.11 $117.38
96 yehey 17.16 $111.20
98 ura-soul 15.25 $98.83
99 silversteem 15.25 $98.85
100 skenan 13.34 $86.47
101 hagie 14.30 $92.67
102 gmuxx 5.72 $37.06
103 rcarter.witness 12.39 $80.30
104 bsameep 12.40 $80.32
105 windforce 11.44 $74.12
106 stuwhisson 8.58 $55.62
107 mahdiyari 10.49 $67.97
110 guiltyparties 7.63 $49.41
112 moisesmcardona 6.67 $43.24
114 dimitrisp 6.67 $43.24
117 precise 2.86 $18.53
120 rycharde 1.91 $12.38
122 cloh76.witness 2.86 $18.56
123 pcste 1.91 $12.35
125 nnnarvaez 0.95 $6.18
128 dropahead 2.86 $18.53
130 zeartul 1.91 $12.35
132 beerbot 0.95 $6.18
134 evildido 1.91 $12.35
143 cryptohazard 0.95 $6.18
190 jamzed 2.86 $18.53

Please note that the rewards for each block are paid in Steem Power, which can be withdrawn via powering down over time, but is not immediately liquid.



DQmQPRBLmhWag36FBxYVNJNKZRUsBbpPeZvm7FVixnWVXhk.png

As always, the data presented above is meant to allow Steemians to make more informed decisions on the witness votes that they cast. Stay tuned for more data soon! Let us know what data you would like to see! Vote responsibly!

If you enjoy our work, please follow, upvote and resteem!


You can cast your vote for Steem witnesses at: https://steemit.com/~witnesses

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Good report. Remember that the monetary evaluation is based on current market rates. For a long time, steem was worth far less than it is now. Adding the dollar value to the chart is thus confusing.

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Excellent point! We just added a note to that effect in our post. Thank you!

its amazing post and good information.