WitnessWatch Weekly Report #12: How much do witnesses make?
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.
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
Tier 2: 21-40
Tier 3: 41-60
Tier 4: 61-80
Tier 5: 81-100
Tier 6: Under 100
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 |
Great to see good quality content like this @witnesswatch! Keep it up!!
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.
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!
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.
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
Glad you enjoyed it! Thanks for the upvote!