WitnessWatch Weekly Report #7: 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 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: $3.27/STEEM
Dates covered by analysis: February 25th - March 4th, 2017


Bar Chart

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

BarSPMar061749.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

top20pieMar061749.png

Tier 2: 21-40

2140pieMar061749.png

Tier 3: 41-60

4160pieMar061749.png

Tier 4: 61-80

6180pieMar061749.png

Tier 5: 81-100

81100pieMar061749.png

Tier 6: Under 100

under100pieMar061749.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
2114.701884 6915.265485 @jesta 1
2115.279028 6917.152798 @roelandp 2
2114.505806 6914.624292 @gtg 3
2114.507775 6914.630729 @good-karma 4
2114.890931 6915.883686 @timcliff 5
2113.928525 6912.736531 @curie 6
2113.931713 6912.746954 @ausbitbank 7
2115.666219 6918.418948 @blocktrades 8
2106.440494 6888.249994 @thecryptodrive 9
2113.930596 6912.743304 @someguy123 10
2114.701889 6915.265501 @aggroed 11
2059.864157 6735.94118 @smooth.witness 12
2115.085976 6916.5215 @lukestokes.mhth 13
2114.31272 6913.992882 @clayop 14
2114.504803 6914.62101 @pharesim 15
2113.542509 6911.474224 @anyx 16
2113.737598 6912.112182 @xeldal 17
2113.540423 6911.467403 @pfunk 18
2115.665294 6918.415922 @furion 19
2084.575478 6816.749425 @netuoso 20
438.9275201 1435.332494 @followbtcnews 21
434.1062947 1419.566653 @jerrybanfield 22
456.4606215 1492.667314 @riverhead 23
492.3959578 1610.179098 @wackou 24
435.0726275 1422.726648 @liondani 25
407.0938984 1331.233686 @busy.witness 26
390.6933263 1277.602339 @bhuz 27
396.4903684 1296.559189 @cervantes 28
385.8754842 1261.847562 @utopian-io 29
326.0651654 1066.262437 @drakos 30
323.1713716 1056.79947 @teamsteem 31
285.539895 933.7411553 @klye 32
276.8692118 905.3872409 @abit 33
267.2154508 873.8185736 @yabapmatt 34
223.8015767 731.8512978 @blockbrothers 35
218.9858546 716.1034532 @aizensou 36
211.265288 690.8565057 @ihashfury 37
174.6243951 571.0374883 @fyrst-witness 38
195.8345495 640.3966019 @charlieshrem 39
205.4630902 671.8827966 @reggaemuffin 40
162.0683405 529.9780597 @steemed 41
178.4659896 583.5998481 @joseph 42
177.499838 580.4404452 @prc 43
173.6444852 567.8330945 @steempty 44
156.275705 511.0356201 @ocd-witness 46
155.3196493 507.9092319 @rival 47
153.3820532 501.5731183 @patrice 48
151.4544404 495.2696511 @therealwolf 49
146.6329311 479.5028815 @delegate.lafona 50
143.7339277 470.0228796 @nextgencrypto 51
137.9462079 451.0965151 @liberosist 52
133.1386331 435.3753128 @ats-witness 53
123.4764996 403.7792667 @themarkymark 54
103.2243448 337.5528976 @neoxian 57
99.36433566 324.9303204 @steemgigs 58
91.6436222 299.6828925 @dragosroua 60
88.74998019 290.2204227 @krnel 61
72.3733113 236.6672416 @arcange 62
87.78859743 287.0766146 @steemychicken1 63
84.88942762 277.5960684 @chitty 64
86.81744186 283.9008485 @boatymcboatface 65
84.88956961 277.5965327 @adsactly-witness 66
67.52598918 220.816062 @privex 70
61.73841629 201.8901777 @au1nethyb1 72
60.77700415 198.7462735 @sircork 73
56.91185404 186.1068848 @chainsquad.com 74
26.05298666 85.19561116 @blueorgy 75
52.09027123 170.339875 @blockchained 76
51.12888847 167.1960669 @asbear 77
36.65947884 119.8797952 @b0y2k 81
36.65959146 119.8801634 @felixxx 82
36.65452389 119.863592 @kushed 83
32.799269 107.2565616 @masteryoda 84
32.80425822 107.2728768 @sc-steemit 85
33.76571933 110.4169411 @bue 86
15.43928728 50.48785895 @steem-bounty 87
33.76547941 110.4161566 @gmuxx 88
32.79915149 107.2561773 @jatinhota 89
28.93910322 94.63347205 @suggeelson 91
28.93413358 94.61722089 @demotruk 92
27.01647479 88.34630405 @firepower 93
24.1130306 78.85178022 @yehey 94
21.22377068 69.40364026 @bitrocker2020 95
25.0838777 82.02653764 @block-buster 96
23.15609358 75.72251005 @swelker101 98
16.3966111 53.61839399 @jacor-witness 99
20.2621578 66.25907959 @ura-soul 100
23.15129041 75.70680326 @anarcho-andrei 101
18.32486526 59.92395864 @skenan 103
16.39685101 53.61917853 @helo 104
17.36334051 56.77968616 @guiltyparties 105
17.36358042 56.7804707 @imacryptorick 106
17.36826608 56.79579323 @silversteem 107
11.58588805 37.88689665 @steemitboard 108
16.40202629 53.63610216 @mahdiyari 109
15.43548784 50.47543442 @jrswab 110
16.40222704 53.63675861 @samrg472 111
16.39705176 53.61983498 @hagie 112
11.57054337 37.83671817 @jamzed 115
13.50818843 44.17299191 @fubar-bdhr 116
11.57559624 37.85324152 @stoodkev 117
0.966156553 3.159418883 @jackmiller 120
9.648052032 31.54999847 @windforce 122
7.715743822 25.23117671 @cloh76.witness 123
6.753910609 22.08589554 @moisesmcardona 125
6.753876336 22.08578347 @sempervideo 126
7.720424585 25.24648323 @isnochys 127
6.749141714 22.07030083 @davinci.witness 129
5.787822603 18.92670082 @pcste 130
5.787665925 18.92618846 @cryptwo 133
0.966107591 3.159258773 @justyy 134
4.826459425 15.7829567 @enginewitty 135
4.821367382 15.76630526 @viva.witness 136
4.826464322 15.78297271 @gridcoin.science 137
5.782774625 18.91019347 @castellano 139
1.93259219 6.319750394 @wehmoen 142
2.893686076 9.462613902 @evildido 143
3.860155986 12.62305749 @glowhost-matt 148
1.932616671 6.319830449 @dporn 149
2.894053291 9.463814727 @zappl 152
1.927412014 6.302810754 @ety001 154
1.927656824 6.303611304 @kennybll 158
0.961348489 3.14369608 @precise 159
1.927671513 6.303659337 @cryptohazard 160
1.932611774 6.319814438 @bsameep 162
23.14687894 75.69237735 @libertyranger 163
1.927725371 6.303835458 @crt 164
0.966156553 3.159418883 @bobdos 166
1.932699906 6.320102636 @fbslo 173
0.966220204 3.159627026 @steemhq.witness 174
0.966171242 3.159466916 @vesteem 197


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:  

Nice. My witness made the list in this post... Insignificant, but happy to be included!

Although, currently, my Witness is down as it is being upgraded :(

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No such thing as an insignificant witness. It's important to have witnesses outside of the top 20 to support the growth of the platform.

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Agreed!

So is this weekly amount all coming from the reward pool? there are some huge numbers there. And thanks for the great analysis. Id always wondered what the payouts were. I bet many will be suprised.

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Great question! Take a look at @drakos comment. He explains the percentage, but the short answer is no, the witnesses are paid out of a separate pot from the reward pool.

https://steemit.com/faq.html

How are the new tokens distributed?
Out of the new tokens that are generated:

75% go to the reward pool, which is split between authors and curators.
15% of the new tokens are awarded to holders of Steem Power.
The remaining 10% pays for the witnesses to power the blockchain.

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Thanks for the clarification! We will add this to future posts.

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ahh thank you for that @drakos it's all like dark arts to me !! It's great when people explain things for us simpletons :-)