WitnessWatch Weekly Report #6: How much do witnesses make?

in witness-category •  last year 


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 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: $3.47/STEEM
Dates covered by analysis: February 18th - February 25th, 2017


Bar Chart

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

BarSPFeb252152.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

top20pieFeb252152.png

Tier 2: 21-40

2140pieFeb252152.png

Tier 3: 41-60

4160pieFeb252152.png

Tier 4: 61-80

6180pieFeb252152.png

Tier 5: 81-100

81100pieFeb252152.png

Tier 6: Under 100

under100pieFeb252152.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
2105.899566 7306.945018 @jesta 1
2106.09239 7307.614069 @roelandp 2
2106.856717 7310.266094 @gtg 3
2106.473477 7308.936347 @good-karma 4
2106.283548 7308.277339 @timcliff 5
2105.898172 7306.940183 @curie 6
2105.515003 7305.610683 @ausbitbank 7
2105.129969 7304.274708 @blocktrades 8
2106.09031 7307.606852 @someguy123 9
2106.090455 7307.607357 @aggroed 10
2106.092234 7307.613528 @lukestokes.mhth 11
2106.476592 7308.947154 @anyx 12
2106.857343 7310.268266 @smooth.witness 13
2105.896144 7306.933146 @clayop 14
2105.132991 7304.285196 @pharesim 15
2106.091409 7307.610668 @thecryptodrive 16
2106.283535 7308.277295 @xeldal 17
2105.898375 7306.940887 @furion 18
2106.092257 7307.61361 @pfunk 19
2106.090546 7307.607671 @netuoso 20
431.4932332 1497.173646 @wackou 21
444.9387124 1543.826097 @riverhead 22
415.1680797 1440.529444 @followbtcnews 23
437.253573 1517.160585 @liondani 24
433.4074317 1503.815436 @jerrybanfield 25
412.2669633 1430.463296 @busy.witness 26
338.4198677 1174.232336 @bhuz 27
378.6425156 1313.794869 @cervantes 28
400.7235299 1390.410468 @utopian-io 29
323.8604027 1123.714632 @drakos 30
322.8953848 1120.366262 @teamsteem 31
287.31557 996.913199 @klye 32
285.4123384 990.3094612 @abit 33
276.7637235 960.3009296 @yabapmatt 34
243.1117826 843.5371078 @aizensou 35
211.4165999 733.5627474 @blockbrothers 36
214.2919208 743.5393922 @ihashfury 37
217.17229 753.5335532 @charlieshrem 38
209.4983702 726.9069699 @reggaemuffin 39
175.8601585 610.1907849 @prc 40
176.8177548 613.5134046 @joseph 41
175.8604947 610.1919516 @steempty 42
168.1706352 583.5100615 @fyrst-witness 43
161.4492275 560.1884572 @steemed 45
156.6431174 543.5124565 @rival 46
150.8749439 523.4983365 @patrice 47
151.8400696 526.8470814 @ocd-witness 48
149.9143174 520.1652029 @therealwolf 49
149.9140111 520.1641401 @delegate.lafona 50
143.1892093 496.8307591 @nextgencrypto 51
117.2548224 406.8449202 @liberosist 52
111.4882945 386.83651 @ats-witness 53
117.2423451 406.8016269 @themarkymark 55
103.7926817 360.1346573 @neoxian 57
96.10174003 333.4490125 @steemgigs 58
93.2222369 323.4578565 @dragosroua 60
90.33393507 313.4361712 @steemychicken1 61
89.37250006 310.1002321 @krnel 62
89.37663055 310.1145639 @boatymcboatface 63
87.44516957 303.4128771 @arcange 64
81.68179184 283.4153972 @adsactly-witness 65
85.5278173 296.7601441 @chitty 66
68.23122044 236.7452771 @privex 71
62.46373782 216.7335543 @au1nethyb1 72
78.7889126 273.3778295 @chainsquad.com 73
49.97935547 173.4158686 @sircork 74
54.7780427 190.0661137 @blueorgy 75
52.85541378 183.395072 @blockchained 76
47.08726223 163.3810281 @asbear 77
37.47912076 130.0431793 @b0y2k 81
36.51694509 126.7046702 @felixxx 82
36.51303888 126.6911166 @kushed 83
34.59452787 120.0343631 @sc-steemit 84
34.59461297 120.0346583 @bue 85
36.5172099 126.7055891 @gmuxx 86
32.6720358 113.3637962 @jatinhota 87
32.67130815 113.3612714 @masteryoda 88
28.8353272 100.0513766 @suggeelson 90
28.82632183 100.0201302 @demotruk 91
27.86999707 96.70192235 @yehey 92
26.90781372 93.36338665 @libertyranger 93
22.11048903 76.71786931 @firepower 94
24.99026837 86.70998367 @block-buster 95
23.06692289 80.03645569 @swelker101 97
22.10179088 76.68768891 @jacor-witness 98
22.1059548 76.70213666 @anarcho-andrei 99
21.14449868 73.36612431 @bitrocker2020 100
19.2221778 66.69615143 @ura-soul 102
18.26480441 63.3743051 @skenan 103
18.25693281 63.34699261 @silversteem 104
20.18348317 70.03164074 @imacryptorick 105
5.772096074 20.02773035 @jrswab 106
17.29873653 60.02229106 @steemitboard 107
14.41504485 50.01660187 @guiltyparties 108
9.61745024 33.37014797 @mahdiyari 109
16.33374226 56.6740022 @samrg472 110
16.33361799 56.67357103 @hagie 111
15.37667457 53.35321659 @fubar-bdhr 114
14.41131978 50.00367682 @helo 115
10.56642645 36.66285817 @stoodkev 117
8.642870929 29.98860141 @jamzed 119
9.613100585 33.35505576 @windforce 121
8.651673998 30.01914586 @cloh76.witness 122
7.69059652 26.68444728 @moisesmcardona 124
6.729455125 23.34952692 @isnochys 125
6.729346965 23.34915163 @pcste 129
5.763212952 19.99690814 @davinci.witness 131
5.763364663 19.99743454 @cryptwo 132
40.35211848 140.0117631 @viva.witness 133
4.802013213 16.66178535 @enginewitty 134
4.806030902 16.67572572 @gridcoin.science 135
2.883356444 10.00452602 @castellano 137
3.840857041 13.32681372 @steem-bounty 141
3.840984395 13.32725561 @evildido 142
2.879901299 9.992537531 @dropahead 143
3.849788638 13.35780413 @glowhost-matt 146
7.686994961 26.67195077 @zappl 150
1.92240559 6.670266798 @kennybll 155
2.883693992 10.00569723 @precise 156
1.91843649 6.656495012 @cryptohazard 157
1.918470959 6.65661461 @bsameep 158
2.884447963 10.00831332 @crt 160
0.96113678 3.334904343 @dporn 166
2.88840187 10.02203239 @fbslo 167
0.961146422 3.334937797 @wehmoen 170
0.961151483 3.334955359 @ety001 176
0.96108294 3.334717531 @beerbot 206


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!

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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Sort Order:  

I have never seen the data presented like that. Thank you for the transparency

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That's the goal! We are working on some other reports, and changing some of the ways we present data, so new info is coming soon!

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Wouldn't the world be an amazing and much better place if government was forced to operate with a level of transparency that was comparable

  ·  last year (edited)

Excellent work, really useful information to all who wanted to be a Witness.

Keep in mind the witnesses received the produce block through steem powers. So for the Witness to withdraw, they have to power down. Since I join as Witness, I haven't power down but power up so I can up vote minnows with good content.

If you maintain 2 witness servers, you need to be in Top 70 to break even otherwise losing $ every month.

Actually, I would like to take this opportunity to call out ALL Top 20 witnesses that they should maintain FULL Node server to support smooth transaction on steem blockchain. Last week, the steem blockchain got some technical issue because some of the FULL nodes are working intermittently. Kudos to witnesses that runs FULL node.

Thank you.

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Excellent points @yehey, thanks for reading!

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Your article is featured in @Yehey Daily Curation for additional mention and exposure to the world.

This post has received a 100% up vote from @Acknowledgement. Sponsored by @Yehey.

Please Vote @Yehey for Witness https://on.king.net/witness simply click and vote.

Lovely.
@Acknowledgement
Join us https://SteemChat.com use $upvote [your link] to receive up vote.

360 usd per week. So that's how much I make. Thanks, pretty handy.

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Glad this is helpful for you! Thanks for reading!

This is pretty great information. Considering that most of us will have to upgrade to 64GB servers (or more) soon, this gives me a good idea of what I can pull off and still break-even.

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Yes, it will be interesting to see this play out as the blockchain grows.

Thanks for organizing this information and making it accessible to the steemit community! It's really valuable to know what's going on behind the scenes.

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Thank you for reading!

Thanks bro❤