So Steem trades at: $1.368257
1 block gets mined every 3 seconds
How much STEEM is in each block? Is it just 1?
I can't really figure out how much the witnesses get per block; the FAQ says 10% goes to 'witnesses', but this article: https://steemit.com/witness-category/@timcliff/til-how-much-witnesses-and-miners-make-per-block seems to say something else.
So let's just try and ballpark it -
So that's $3940.58 per day in witness fees. Pretty good deal for them. Figure that's split across the 20-ish witness/backup-witnesses, etc.
Still, $200 bucks a day just to run a computer program sounds pretty lucrative to me.
How much currency is Steem generating per day, then? Well, it would seem: $39,405.80
Seriously, generating that much dollar-value per day? That's crazy. I mean, my time is valuable, and my attention-span is valuable, but I've glanced through the Steem bloggy post things, and I don't think I'm seeing that amount of value being created.
Will definitely require more research.