WitnessWatch Weekly Report #8: 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: $2.34/STEEM
Dates covered by analysis: March 5th - March 11th, 2018


Bar Chart

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

BarSPMar131212.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

top20pieMar131212.png

Tier 2: 21-40

2140pieMar131212.png

Tier 3: 41-60

4160pieMar131212.png

Tier 4: 61-80

6180pieMar131212.png

Tier 5: 81-100

81100pieMar131212.png

Tier 6: Under 100

under100pieMar131212.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
1852.711495 4336.901176 @jesta 1
1850.204863 4331.033552 @gtg 2
1851.745169 4334.639162 @roelandp 3
1852.319458 4335.983481 @good-karma 4
1851.354276 4333.724143 @timcliff 5
1851.358194 4333.733314 @curie 6
1851.548349 4334.178438 @ausbitbank 7
1849.426647 4329.211872 @blocktrades 8
1737.470679 4067.140864 @thecryptodrive 9
1851.742186 4334.632178 @smooth.witness 10
1850.971179 4332.827375 @lukestokes.mhth 11
1852.321561 4335.988402 @someguy123 12
1851.167978 4333.28805 @aggroed 13
1851.746169 4334.641503 @pharesim 14
1851.549285 4334.180629 @clayop 15
1016.447493 2379.34095 @netuoso 16
1851.358086 4333.733063 @anyx 17
1851.354247 4333.724076 @furion 18
1318.226926 3085.758317 @followbtcnews 19
1852.320368 4335.985611 @xeldal 20
1850.588051 4331.930533 @pfunk 21
366.7082048 858.4052341 @jerrybanfield 22
394.3941714 923.2136521 @riverhead 23
391.8835978 917.336801 @wackou 24
379.3289465 887.9483712 @liondani 25
370.6380195 867.6043015 @busy.witness 26
360.0290256 842.7703443 @cervantes 27
345.5508673 808.8792922 @bhuz 28
88.86326081 208.0146754 @utopian-io 29
299.2239957 700.4354981 @drakos 30
293.4228949 686.8560494 @teamsteem 31
259.6418516 607.7800318 @klye 32
246.1303845 576.1518492 @abit 33
246.1303123 576.1516803 @yabapmatt 34
200.7410651 469.9027149 @blockbrothers 35
176.6885642 413.5996587 @ihashfury 36
194.0122098 454.1515412 @aizensou 37
181.4702352 424.7927854 @reggaemuffin 38
177.6057426 415.7466265 @charlieshrem 39
66.64920164 156.0151172 @fyrst-witness 40
159.2533501 372.786612 @steemed 41
160.2251353 375.0614056 @prc 42
150.528999 352.364302 @joseph 43
143.7658729 336.5329059 @steempty 44
147.6839392 345.7044722 @patrice 45
139.9605539 327.625263 @rival 46
141.8920817 332.1466605 @ocd-witness 47
138.0281249 323.1017559 @therealwolf 48
104.1871854 243.885531 @delegate.lafona 50
128.3715792 300.4973274 @nextgencrypto 51
125.4777788 293.7234036 @liberosist 52
120.6612183 282.4486062 @themarkymark 53
123.5463799 289.2023078 @ats-witness 54
65.63409598 153.6389172 @complexring 55
61.71418878 144.4630417 @steemgigs 56
91.6955386 214.6445846 @neoxian 57
82.04497406 192.0541571 @dragosroua 58
77.21386674 180.7453078 @chitty 60
79.14233829 185.2595512 @arcange 61
59.79581156 139.9724275 @krnel 62
78.18612597 183.0212111 @steemychicken1 63
77.21889677 180.7570823 @boatymcboatface 64
57.89363125 135.5197278 @adsactly-witness 65
46.35363213 108.5064362 @firepower 67
60.80829171 142.3424816 @privex 71
37.60613943 88.02995542 @sircork 73
54.05559883 126.535508 @au1nethyb1 74
50.19550994 117.4996575 @chainsquad.com 75
46.33133176 108.4542346 @asbear 77
8.697647023 20.35980006 @blockchained 78
32.81977351 76.82583862 @b0y2k 81
32.82087107 76.82840783 @felixxx 82
27.99798629 65.53880623 @block-buster 83
31.85349987 74.56394663 @kushed 84
29.91314106 70.02187713 @steem-bounty 85
28.94710242 67.76053522 @bue 86
29.91308202 70.02173891 @sc-steemit 87
27.98957195 65.51910961 @jatinhota 88
29.92617418 70.05238558 @masteryoda 89
12.56319189 29.40842211 @emrebeyler 91
21.24414159 49.72913641 @jamzed 92
20.27043335 47.4498412 @ura-soul 93
23.17201639 54.24198284 @demotruk 94
24.13453303 56.49508031 @yehey 95
21.22793943 49.69120974 @bitrocker2020 96
18.33810169 42.92656195 @swelker101 98
10.59972414 24.81225826 @jacor-witness 99
14.46449978 33.85907967 @anarcho-andrei 100
5.791332583 13.55658296 @justyy 103
14.4729095 33.87876548 @mahdiyari 104
15.44796028 36.16120335 @skenan 105
15.43908512 36.14042802 @guiltyparties 106
22.18487734 51.93124828 @gmuxx 107
15.44927777 36.16428738 @imacryptorick 108
15.43900183 36.14023304 @silversteem 109
3.860563514 9.036961495 @steemitboard 110
14.47293423 33.87882336 @jrswab 111
15.44426218 36.15254668 @helo 112
14.47399681 33.8813107 @samrg472 113
14.47774381 33.89008182 @hagie 114
17.35862804 40.63377087 @suggeelson 116
9.64780648 22.58397132 @stoodkev 117
10.61773387 24.85441616 @fubar-bdhr 118
2.894010807 6.774416257 @viva.witness 119
9.647630101 22.58355845 @jackmiller 120
8.68638183 20.33343004 @windforce 124
1.936230318 4.532405378 @cloh76.witness 125
5.796499899 13.56867882 @davinci.witness 127
6.752757176 15.80712411 @isnochys 128
6.752659217 15.8068948 @sempervideo 129
3.863747218 9.044414038 @moisesmcardona 130
4.82153265 11.28643649 @pcste 132
5.791518778 13.55701882 @enginewitty 135
4.821224063 11.28571414 @cryptwo 136
4.826357077 11.2977297 @gridcoin.science 137
3.86001496 9.035677418 @castellano 138
3.855190526 9.024384191 @wehmoen 141
2.898805881 6.785640758 @evildido 143
1.927546263 4.512077393 @glowhost-matt 148
1.927683429 4.512398479 @dporn 150
2.893854094 6.774049418 @zappl 152
1.927443431 4.51183668 @bobdos 154
1.927487498 4.511939835 @ety001 155
1.932615624 4.523943958 @libertyranger 159
2.898810805 6.785652285 @cryptohazard 163
1.932542169 4.523772012 @bsameep 166
1.932640124 4.524001309 @crt 167
0.961292342 2.250231565 @fbslo 171
0.961248246 2.250128345 @steemhq.witness 174
0.966386175 2.262155415 @spotlight 216
0.96135601 2.250380602 @puncakbukit 229


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:  

Cool, nice report. Thanks for providing it :)

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Thank you for reading and supporting! Be sure to check out our new report on withdrawals!

This is something I never understood, really cool post, and appreciate the transparency.

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Thanks for reading! We have some other reports coming soon as well!

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I'll be looking out 😁

I was summoned here?
Oh, I see, there is my name.
If anyone would read this, that would be nice! :)

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I just read it 😀

So the top 20 can earn more than $4k a week. And in the past this was a bit higher when the Steem price was higher.
Do these witnesses spend like 40 hours a week? Or do they have very high expenses?
I mean $18k income per month is suberb!

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Don't ask me, I am currently on rank #128:)

Some of them seem to be here 24/7.
And others I have not seen in the last half year

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That's kind of sick of someone really earns this much and isn't even around.

Could be caused by the fact that some people just vote for witnesses once and then never change it. Or just because they have a few whale votes.

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That's the goal! We are still building up and have a new report coming soon!

So does it means the top ones are running with best infrastructure to process the transactions and that is why earn more ? How does our vote impacts this ?

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That is correct, because of the volume of transactions they process, their hardware has to be state of the art. The top 20 are the top witnesses that have been voted for and have the most cumulative votes. If you feel they are doing a good job, you can add your vote to their total. If there is another witness that you feel should have a shot at the top 20, you can add your vote to their total.