WitnessWatch Weekly Report #12: How much do witnesses make?


DQmSkDm1SG5ihUf1vnmxWjgvb3upq78nwFXpj4bhkJjbF3H.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 want to emphasize that witness rewards do not come from the reward pool. As new tokens are created, a certain percentage is distributed to authors and curators, while the witness rewards are distributed from another percentage. They are two separate pots.

We have run a script that has analyzed every block over the last 7 days to calculate what each witness earned over the week. This post was put together using data pulled from @steemsql, thanks to @arcange. We are happy to subscribe to the SteemSql service as it has become infinitely more reliable and we are thrilled to support @arcange's work.

Vitals

STEEM/USD Conversion Rate at time of analysis: $2.58/STEEM
Dates covered by analysis: April 9th - April 15th, 2018


Bar Chart

This bar chart shows the distribution of SP earned by witnesses over the last week.

BarSPApr161105.png

As you can see, the earnings drop off significantly for those that aren't in the top 20. This is due to the fact that the top 20 witnesses handle the bulk of the transactions that occur on the STEEM blockchain. Because of this, their overhead is significantly higher, especially as the blockchain continues to grow.


Pie Charts

We have reorganized our pie chart visualizations into earning tiers. This will allow a much clearer picture of the way earnings are distributed to the various witnesses.

Tier 1: Top 20

top20pieApr161105.png

Tier 2: 21-40

2140pieApr161105.png

Tier 3: 41-60

4160pieApr161105.png

Tier 4: 61-80

6180pieApr161105.png

Tier 5: 81-100

81100pieApr161105.png

Tier 6: Under 100

under100pieApr161105.png


Full Table

Here is the full table of results, this totals all witness earnings in SP and the USD equivalent over the last week, sorted by each witness' ranking.

SP USD Value producer ranking
1874.9679117146761 4834.229766773949 @jesta 1
1874.7727733627453 4833.726641561167 @gtg 2
1874.773812070394 4833.729319661096 @roelandp 3
1874.9678494371576 4834.229606203823 @good-karma 4
1874.5786254316758 4833.22606995049 @timcliff 5
1874.5786254316756 4833.22606995049 @ausbitbank 6
1874.5796399786207 4833.228685756878 @clayop 7
1874.3834919857763 4832.722957386927 @netuoso 8
1875.1629855157914 4834.7327255553655 @someguy123 9
1874.9689266386997 4834.232383552559 @thecryptodrive 10
1875.3570726963546 4835.2331405330115 @anyx 11
1874.7737735804026 4833.729220422352 @aggroed 12
1874.7707118052474 4833.72132624747 @smooth.witness 13
1875.164034037576 4834.735428959082 @lukestokes.mhth 14
1874.578649201247 4833.226131235575 @blocktrades 15
1874.773730929999 4833.729110456817 @followbtcnews 16
1874.5786582486178 4833.2261545624115 @pharesim 17
1874.9679052965007 4834.229750225968 @xeldal 18
1285.8508701701867 3315.3092985597923 @jerrybanfield 19
405.4044351787467 1045.2542552213627 @curie 20
1874.5796048854438 4833.2285952761395 @pfunk 21
1013.73041456329 2613.7011278685304 @furion 22
416.1896203803643 1073.0616982266934 @riverhead 23
397.59285218259856 1025.113650782394 @liondani 24
386.8164200439185 997.3287757992351 @busy.witness 25
371.14692546932486 956.9281179375603 @drakos 26
371.15173402650123 956.9405158405282 @cervantes 27
335.8865546288962 866.0163037996831 @utopian-io 28
324.13962121960554 835.729185390509 @teamsteem 29
292.8010915639915 754.9290543794393 @yabapmatt 31
263.4281266362625 679.1967389062756 @klye 32
284.9777267496396 734.7580728785958 @wackou 33
245.7980997253062 633.7412405217569 @abit 34
223.27062187313845 575.6586443755128 @blockbrothers 35
203.69108791429562 525.1767319694284 @ihashfury 36
201.7260626965609 520.1103074505429 @aizensou 37
189.97904362770853 489.8229681853209 @reggaemuffin 38
187.04354745232928 482.2543783963406 @fyrst-witness 39
164.50731662709825 424.1492144596474 @therealwolf 40
144.92827968446312 373.66858351045124 @delegate.lafona 41
158.64470725000928 409.03364870269894 @ocd-witness 42
151.79063052615194 391.36178268557757 @prc 43
150.81234536882468 388.83947006444066 @patrice 44
147.87257048804315 381.25984848932166 @rival 45
145.91927942477344 376.22367814089336 @steemed 47
142.97147633181712 368.62335742632405 @nextgencrypto 48
138.07472138295557 355.99805414167434 @themarkymark 49
110.65867625273229 285.3112649824197 @liberosist 50
108.70540720399683 280.275151394065 @ats-witness 51
104.78308735255283 270.16223412108695 @adsactly-witness 52
91.06711918367998 234.7983533912821 @arcange 53
149.87695071095484 386.42774201805486 @charlieshrem 54
97.92536794472863 252.48097617189384 @neoxian 55
96.94679607583595 249.95792432232784 @steemgigs 56
53.86137887890745 138.8707931634871 @asbear 57
92.0538845063093 237.34253042261727 @dragosroua 58
86.17452484977713 222.18377742018038 @chitty 61
80.29896854567124 207.03483060130418 @steemychicken1 62
77.3633304115267 199.4658748000393 @firepower 63
77.3672955783816 199.4760981897413 @boatymcboatface 64
70.50098000265632 181.7726767408488 @sircork 65
64.62976941977294 166.63493449500058 @privex 68
64.62986416876754 166.63517878633334 @krnel 70
58.7583446026083 151.49663988890498 @justyy 73
47.97313460992554 123.68913296477102 @emrebeyler 75
18.587713024035313 47.92470048987025 @noisy.witness 77
33.26989633779261 85.77977372773069 @blockchained 80
38.18818647465931 98.4606011876141 @b0y2k 82
35.256777670395884 90.90254986758171 @jacor-witness 83
33.28716843250392 85.82430636952485 @guiltyparties 85
36.231148624251304 93.41477049790714 @helo 86
30.359703877092823 78.27642450630843 @jatinhota 87
32.3168357048831 83.32249749790009 @ura-soul 88
33.30349305380914 85.86639614063611 @block-buster 89
32.312909766806236 83.31237525175652 @demotruk 90
34.26999820589879 88.35833637426884 @felixxx 91
32.312851237693906 83.3122243461462 @steem-bounty 93
19.574723521436976 50.469509655320955 @qurator 94
29.377203063098374 75.74324265758653 @sc-steemit 95
13.699108383084948 35.32041114410792 @yuriks2000 96
26.44146604129635 68.17403189427438 @mahdiyari 97
26.44135242109275 68.17373894730343 @stoodkev 98
5.884324582104883 15.17155407004102 @bue 99
24.480231536960428 63.11738097174507 @bitrocker2020 101
30.35588619659245 78.26658138067431 @chainsquad.com 102
27.42004103242971 70.69709179391353 @masteryoda 103
24.4803790924399 63.117761414037794 @yehey 104
21.548577274005353 55.558696785568 @swelker101 105
22.52326166541977 58.07172555195179 @anarcho-andrei 106
18.609008332316463 47.97960618321154 @steemitboard 109
17.630250796679977 45.45607562907998 @jrswab 110
15.66520457928373 40.38959696676724 @samrg472 111
12.733334228619846 32.83035564165055 @jackmiller 112
15.669056076234682 40.39952728135588 @intelliwitness 113
15.673276085902561 40.41040773228257 @silversteem 114
12.733167078227408 32.82992467779373 @steemcommunity 115
15.661161238986992 40.37917202248016 @hagie 116
12.725483154190321 32.810113216448904 @fubar-bdhr 118
11.75074471280642 30.296945093028793 @quochuy 119
8.811180402874857 22.717866432732244 @sempervideo 122
9.793627551869893 25.250909916986146 @enginewitty 124
9.793725721168455 25.251163026888626 @valorforfreedom 126
8.811190168376273 22.717891611124543 @jamzed 128
7.8285224611902 20.184279461686693 @isnochys 129
8.815253020211433 22.728366862011136 @viva.witness 130
8.815017387271627 22.72775932960244 @windforce 131
8.81516963839529 22.728151878674577 @davinci.witness 133
8.81514500913672 22.728088377057205 @cloh76.witness 134
6.854087911957712 17.671894863400567 @moisesmcardona 136
4.896902096371953 12.625682675075806 @castellano 139
17.626335512738418 45.44598085249346 @skenan 141
4.9007244796330625 12.635537925837925 @gridcoin.science 143
4.8967745667561555 12.625353865467396 @pcste 144
4.896759864422378 12.625315958440218 @steemhq.witness 146
3.9223105648317547 10.112893329305713 @evildido 149
4.892814831680158 12.615144480520952 @cryptwo 150
2.9356437680847334 7.568970327252869 @bobdos 153
2.935555447647244 7.568742610668889 @wehmoen 154
2.935589821070639 7.568831235666428 @ety001 156
2.9355946745880126 7.568843749490273 @zappl 158
1.9571857907554984 5.046212124304901 @cryptohazard 162
1.9571612785712154 5.046148924540165 @crt 163
2.935835134350491 7.569463726895871 @glowhost-matt 171
0.9784432448485325 2.5227202181929713 @yanosh01 172
2.9396230891378567 7.579230210724136 @fbslo 176
0.9785070406930667 2.522884703018934 @justinadams 190
1.9571514651892095 5.046123622697339 @ukrainian.trail 200
0.9827169566565648 2.533739129347621 @beerbot 218


DQmQPRBLmhWag36FBxYVNJNKZRUsBbpPeZvm7FVixnWVXhk_1680x8400.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!

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Sort Order:  

Great to see good quality content like this @witnesswatch! Keep it up!!

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Thanks for reading!

Wish I made that. All the SP my witness generates gets donated via free delegations into the community. None of it is powered down or used for any sort of profit-focused activity, such as self-voting or renting out.

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Thanks for reading! The good news is that the SP you are holding and delegating to the community is still yours and will keep its value!

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Why ? Witnesses rents at least one one server to produce blocks and sometime runs full node that’s costly.
Plus, witnesses needs to provide added values to the Blockchain to be approved by steemians. Each witness has his project that need to be funded.

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If I power down then I won't have the resources to help various individuals and communities. No point in being a witness if no residual benefit aside from the obvious block production and price feed maintenance comes from it; the goal is to support the blockchain in other ways and promote it. Otherwise there'll be no blockchain to witness for.

What I do instead is fund the witness through my unrelated earnings on the platform. I fund our dev bank with that as well. Even if I powered it all down, the SP wouldn't be nearly enough to fund the hours for a single project.

Not all witnesses have projects. Not going to call anyone out but I can think of a few that do jack.

I am happy that I am finally above scammer @zeartul (he is disabled witness).

Excellent information. This helps a lot

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Glad you enjoyed it! Thanks for the upvote!