How much do Steem Witnesses Make? WitnessWatch is now on Utopian.io!

in utopian-io •  last year


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Details

Here we have analyzed the witness earnings for every block over the last 7 days and calculated the total SP and the corresponding $ value. The earnings charts are displayed below in a variety of visualizations.

Outline

  • Cluster Chart visualizing distribution of witness earnings
  • Pie Chart visualizing proportions of witness earnings
  • Full Table of Findings

Scope of Analysis

The analysis was performed on blocks 18974623 through 19182204. The timestamps for these blocks are January 14, 2018 @ 3:57 PM and January 21, 2018 @ 7:06 PM respectively. The time period is not exactly 7 days due to the inconsistency in block time processing. This is based on an algorithm that gives us a "best guess."

The dollar value of earnings is based on the STEEM/USD conversion rate of $4.72 at the time of posting.

The analysis took place in stages to control for any lapses in node connections or other web services.

Tools

This report was generated using a combination of steem-python and SteemData.
It was performed using three main scripts:

The first script generates block numbers based on the time period of 7 days, and then fetches the producer rewards for these blocks from SteemData.

The second script generates a list of all witnesses with any votes, and ranks them.

The third script cleans the data from both scripts, combining them into one CSV file.

Results

Cluster Distribution

This chart puts in proportion the amount of SP earned by the top 20 witnesses, in relation with the lower-ranked witnesses.
ww2cluster (1).png

Pie Chart

Here you can see the distribution as part of a pie. As you can see, the top 20 witnesses earn well over 75% of the total overall witness earnings.
ww2circle (1).png

Full Table of Earnings

Here is the complete table of earnings for every witness that processed a block:

rank producer SP $ Value
1 jesta 1836.212969 $8,666.93
2 gtg 1836.401885 $8,667.82
3 roelandp 1836.02313 $8,666.03
4 timcliff 1836.786661 $8,669.63
5 good-karma 1836.02111 $8,666.02
6 blocktrades 1835.641274 $8,664.23
7 aggroed 1835.641258 $8,664.23
8 someguy123 1836.023109 $8,666.03
9 anyx 1835.832187 $8,665.13
10 smooth.witness 1836.784739 $8,669.62
11 pharesim 1836.402872 $8,667.82
12 xeldal 1836.784702 $8,669.62
13 clayop 1836.405753 $8,667.84
14 ausbitbank 1836.592825 $8,668.72
15 lukestokes.mhth 1836.212028 $8,666.92
16 thecryptodrive 1836.970567 $8,670.50
17 riverhead 1836.404773 $8,667.83
18 curie 1836.405801 $8,667.84
19 pfunk 1621.17601 $7,651.95
20 netuoso 1794.055405 $8,467.94
21 furion 491.5144359 $2,319.95
22 liondani 395.1539401 $1,865.13
23 busy.witness 551.4107132 $2,602.66
24 wackou 383.7121221 $1,811.12
25 bhuz 356.0301109 $1,680.46
26 jerrybanfield 363.6591856 $1,716.47
27 cervantes 330.2525927 $1,558.79
28 klye 327.3951532 $1,545.31
29 followbtcnews 312.1196185 $1,473.20
30 utopian-io 282.5269766 $1,333.53
31 abit 282.5239187 $1,333.51
32 drakos 283.4816349 $1,338.03
33 teamsteem 272.9833408 $1,288.48
34 fyrst-witness 262.4859624 $1,238.93
35 ihashfury 233.8552786 $1,103.80
36 aizensou 228.1204679 $1,076.73
37 charlieshrem 209.045883 $986.70
38 yabapmatt 209.034121 $986.64
39 themarkymark 198.5331301 $937.08
40 joseph 181.3638145 $856.04
41 chainsquad.com 169.8988126 $801.92
42 steemed 151.7899632 $716.45
44 delegate.lafona 146.9909047 $693.80
46 blueorgy 144.1255462 $680.27
47 blockbrothers 134.5758886 $635.20
48 theprophet0 140.3077296 $662.25
49 reggaemuffin 117.4104964 $554.18
51 complexring 120.2683926 $567.67
52 nextgencrypto 120.2693443 $567.67
53 neoxian 113.5862436 $536.13
54 chitty 89.71739936 $423.47
55 liberosist 93.53975737 $441.51
56 steemychicken1 92.58327807 $436.99
57 boatymcboatface 87.81685252 $414.50
58 ats-witness 83.99480818 $396.46
59 arcange 83.99099778 $396.44
60 dragosroua 82.08993221 $387.46
61 adsactly-witness 78.26800873 $369.43
63 ocd-witness 74.44568661 $351.38
64 steemgigs 75.40645502 $355.92
65 patrice 69.68294017 $328.90
67 bitcoiner 72.53690377 $342.37
68 krnel 50.59135229 $238.79
70 viva.witness 54.40819363 $256.81
72 blockchained 47.72026901 $225.24
74 privex 30.54357262 $144.17
77 sircork 38.17539507 $180.19
78 inventor16 38.18350824 $180.23
79 kushed 35.31397461 $166.68
80 prc 34.36156666 $162.19
81 rival 33.4050333 $157.67
82 sc-steemit 29.59122361 $139.67
83 bitrocker2020 31.50020397 $148.68
84 masteryoda 30.54763301 $144.18
86 bue 27.6741001 $130.62
87 jatinhota 28.6386892 $135.17
89 steemitboard 19.07869355 $90.05
90 demotruk 26.72565163 $126.15
91 swelker101 26.72973243 $126.16
92 fubar-bdhr 24.81659289 $117.13
94 suggeelson 24.81656275 $117.13
95 felixxx 24.8206788 $117.15
96 yehey 21.9551939 $103.63
97 block-buster 20.99447882 $99.09
98 libertyranger 7.647058573 $36.09
100 anarcho-andrei 19.08557318 $90.08
101 ura-soul 16.22422554 $76.58
102 silversteem 16.22425998 $76.58
103 imacryptorick 15.2717234 $72.08
104 skenan 16.2282014 $76.60
105 hagie 14.31925657 $67.59
106 rcarter.witness 14.31542044 $67.57
107 gmuxx 12.41437681 $58.60
111 jamzed 8.588248473 $40.54
112 guiltyparties 7.63167973 $36.02
113 cloh76.witness 7.635933973 $36.04
115 moisesmcardona 1.912744499 $9.03
117 mahdiyari 7.631902086 $36.02
120 dimitrisp 3.818298558 $18.02
123 pcste 3.813951779 $18.00
124 cryptwo 3.813824924 $18.00
125 castellano 0.956343383 $4.51
126 gridcoin.science 2.861426721 $13.51
129 evildido 2.865575364 $13.53
130 dropahead 3.821960434 $18.04
134 glowhost-matt 0.956399021 $4.51
138 windforce 2.869504594 $13.54
142 precise 1.90893752 $9.01
147 cryptohazard 1.908828523 $9.01
149 steem-bounty 0.956405307 $4.51
150 kennybll 1.913083422 $9.03
155 bsameep 0.956423872 $4.51
183 beerbot 0.956490116 $4.51


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

Coming Soon to WitnessWatch

Using the proceeds from our past WitnessWatch posts, we have started running a full node through Vultr. More details to come soon!



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As a witness on the lists above, I just want you to know I appreciate these reports. I would like to add, you should explain how it works a little so as not to mislead. I'm witness #77 today, so it's not about me here, but the chart which shows the top 20 making 75%, well, yes, because we are rewarded on a varying rate by level and by software design. They are supposed to make that much more, essentially. It's in the documentation and code that way based on the pay scale. So I hope people don't think it is some expose' of something massively unfair, because it's totally not like that at all.

thanks!

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Excellent point! The top 20 make 75% of the rewards because they do 75% of the work! Not to mention the other projects that they each contribute to on the platform. We certainly don't mean to imply that they are receiving anything unfairly.

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Roger that, keep up the good work, I actually watch for this report, because it's more concise than any other resource I have to track my own witness income lol :)

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Good to know! Sorry for the delay. We have had some trouble with the public nodes lately, and our node has been replaying for about a week now and is still not sync'd!

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Le sigh. Welcome to the future :)

Great work, @witnesswatch. I think it is worth to be translated for my German community (#deutsch) and my own witness–series #witnessblowing. I will fix the post into ***SteemWiki. Every Steemian will find it there very fast, and your proper work will never disappear in the dark bottomless pit of the blockchain's history.

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Let's talk on steemit.chat about that, my name on there is jaredcwillis

Thanks for the info on Steem witnesses..I'm still trying to get a handle on how everything works here

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by jaredcwillis from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Your contribution cannot be approved because it is not as informative as other contributions. See the Utopian Rules. Contributions need to be informative and descriptive in order to help readers and developers understand them.

Dear @witnesswatch, I'm sorry, but this contribution cannot be approved for utopian. You have chosen only a snapshot of one week of data for your analysis and it contains no comparison to previous weeks or conclusions for the future. There is plenty of prior witness data available in the blockchain, more than 8 months on the current HF. Also, follow/upvote/resteem requests are not allowed by the utopian rules.

You can contact us on Discord.
[utopian-moderator]