Context
STEEM Witnesses are the pillars of the STEEM blockchain but many Steemians don’t even know we exist or don’t even care. Those who know and/or care don’t have much visibility on what the “job” involves or how much witnesses earn.
All witnesses need from you is a witness vote that costs you nothing (it does not use your vote power like a post or comment upvote). By voting for a witness, you are telling the blockchain that you trust that Steemian for performing task of signing blocks and keeping the Steem platform stable and safe.
All the transactions (activities) you perform (create/edit posts, comments, upvotes, transfers etc...) on various Dapps (steemit.com, busy.org, steemconnect.com etc...) have to be witnessed and signed by a software running on a witness node (computer/server) running 24/7/365.25 before being added to the blockchain. This operation can be time consuming and requires some expenses. For doing this work, STEEM Witnesses are getting rewarded with Steem Power for each block that they have signed and successfully added to the blockchain.
Blocks of transactions are processed in rounds of 63 seconds each. In each round, 21 witnesses will be picked to sign the blocks and have 3 seconds to sign. The 21 witnesses in each round are the top 20 witnesses plus 1 witness amoung the remaining (called the Backup Witnesses). The single Backup Witness in each round is selected in a weighted random manner based on their ranking, the higher they rank the more likely they are to be selected.
Every day, the system generates some STEEM tokens that are split into three pools: 1. 65% is allocated to the reward pool that is used to pay author and curation rewards. 2. 15% is allocated as interest to Steem Power holders. 3. 10% is allocated to the Steem Proposal System pool to fund new projects voted by the community. 4. 10% is allocated as rewards to the STEEM Witnesses for their work for the blockchain.
Disclaimer
I cannot guarantee 100% accuracy on the numbers found in this post. This is more like a way to give you an idea of the distribution of Steem Power through the witness operations. If you do find an oddity, please let me know and I will make sure to get it fixed.
General Producer Reward SP distribution
This column chart represents the distribution of Steem Power earned by witnesses over the last week.
Notice the dramatic drop past the rank 20. Remember, each round is composed of each of the Top20 witnesses and one backup witness. This means each Top20 witness has to sign a block every 63 seconds (max), while for a backup witness, it will be much less often. The servers of the Top20 witnesses are thus under higher load/stress than those of the backup witnesses. You need to keep this in mind when looking at their number of missed blocks: 10 missed blocks for a witness at rank 10 does not mean the same as 10 missed blocks for a witness at rank 120 for example.
Producer Reward Report
- Time range: 2019-08-26 00:00:01 to 2019-09-01 23:59:59 UTC
- Average price of 1 STEEM as of today: 0.211 USD (source: median history price from the witness feeds)
- Note: Higher ranked STEEM Witnesses does not always mean higher reward. A high rank and low block production might be sign of of technical difficulty leading to missed blocks or that the witness node was down for maintenance for a certain period of time.
Steem Power distribution by active rank tier, ordered by SP earned last week.
Top20: total of 41387.94 SP earned
Active Rank 21-40: total of 6817.71 SP earned
Active Rank 41-60: total of 2232.66 SP earned
Active Rank 61-80: total of 1206.00 SP earned
Active Rank 81-100: total of 405.88 SP earned
Active Rank 101-120: total of 127.65 SP earned
Under 120: total of 0.00 SP earned
All tiers combined ordered by SP earned - Total of 52177.83 SP earned last week.
Here is the full report from all active STEEM Witnesses. Please also take this opportunity to see what they do for the community and cast a vote for them in order to help the platform.
Reminder: the average price of 1 STEEM as of today is 0.2107980443245152 USD (source: median history price from the witness feeds)
- Note 1: Blocks can be missed for various reasons including technical issues, misconfiguration, bugs in a new version of the blockchain software etc... and the higher your rank, the higher the chance it can happen.
- Note 2: some witnesses are managing multiple projects for Steem and the communities in addition to maintaining their various nodes and hence don't often post.
- Note 3: click on the witness names to get to their witness announcement post.
Last week earnings:
No.|Witness|Earnings SP/USD
-|-|-
1|@cervantes - rank: 16 (active: 16)
Signed 8963 blocks, now on blockchain v0.22.0.
Content: 10 posts & 1 comments
Top tags: #cervantes, #curation, #spanish, #steempress|2158.27 SP, $454.96
4.14%, 0.24 SP/block
2|@themarkymark - rank: 6 (active: 6)
Signed 8961 blocks, now on blockchain v0.22.0.
Content: 9 posts & 104 comments
Top tags: #palnet, #neoxian, #busy, #engagement|2157.79 SP, $454.86
4.14%, 0.24 SP/block
3|@good-karma - rank: 3 (active: 3)
Signed 8951 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|2155.37 SP, $454.35
4.13%, 0.24 SP/block
4|@therealwolf - rank: 12 (active: 12)
Signed 8948 blocks, now on blockchain v0.22.0.
Content: 3 posts & 29 comments
Top tags: #neoxian, #palnet, #steemleo, #witness|2154.66 SP, $454.20
4.13%, 0.24 SP/block
5|@ocd-witness - rank: 11 (active: 11)
Signed 8947 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|2154.42 SP, $454.15
4.13%, 0.24 SP/block
6|@followbtcnews - rank: 14 (active: 14)
Signed 8947 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|2154.41 SP, $454.15
4.13%, 0.24 SP/block
7|@someguy123 - rank: 7 (active: 7)
Signed 8946 blocks, now on blockchain v0.22.0.
Content: 0 posts & 1 comments|2154.17 SP, $454.10
4.13%, 0.24 SP/block
8|@yabapmatt - rank: 1 (active: 1)
Signed 8944 blocks, now on blockchain v0.22.0.
Content: 1 posts & 6 comments
Top tags: #witness-category, #steem, #witness-update, #witness|2153.68 SP, $453.99
4.13%, 0.24 SP/block
9|@timcliff - rank: 13 (active: 13)
Signed 8942 blocks, now on blockchain v0.22.0.
Content: 0 posts & 6 comments|2153.21 SP, $453.89
4.13%, 0.24 SP/block
10|@gtg - rank: 5 (active: 5)
Signed 8940 blocks, now on blockchain v0.22.0.
Content: 1 posts & 64 comments
Top tags: #steemdao, #steem, #blockchain, #cryptocurrency|2152.72 SP, $453.79
4.13%, 0.24 SP/block
11|@thecryptodrive - rank: 15 (active: 15)
Signed 8938 blocks, now on blockchain v0.22.0.
Content: 1 posts & 77 comments
Top tags: #steem, #newsteem, #sps, #palnet|2152.25 SP, $453.69
4.12%, 0.24 SP/block
12|@anyx - rank: 10 (active: 10)
Signed 8937 blocks, now on blockchain v0.22.0.
Content: 1 posts & 6 comments
Top tags: #steem, #steemd, #api|2152.00 SP, $453.64
4.12%, 0.24 SP/block
13|@curie - rank: 17 (active: 17)
Signed 8932 blocks, now on blockchain v0.22.0.
Content: 3 posts & 76 comments
Top tags: #curie, #curation, #palnet, #community|2150.80 SP, $453.38
4.12%, 0.24 SP/block
14|@smooth.witness - rank: 9 (active: 9)
Signed 8927 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|2149.59 SP, $453.13
4.12%, 0.24 SP/block
15|@roelandp - rank: 2 (active: 2)
Signed 8909 blocks, now on blockchain v0.22.0.
Content: 1 posts & 6 comments
Top tags: #steemfest, #roadtosteemfest, #conference, #sps|2145.25 SP, $452.22
4.11%, 0.24 SP/block
16|@aggroed - rank: 8 (active: 8)
Signed 8905 blocks, now on blockchain v0.22.0.
Content: 13 posts & 15 comments
Top tags: #palnet, #neoxian, #hf21, #sct|2144.29 SP, $452.01
4.11%, 0.24 SP/block
17|@blocktrades - rank: 4 (active: 4)
Signed 8890 blocks, now on blockchain v0.22.0.
Content: 1 posts & 1 comments
Top tags: #blocktrades, #steem, #cryptocurrency, #crypto-news|2140.67 SP, $451.25
4.10%, 0.24 SP/block
18|@clayop - rank: 19 (active: 19)
Signed 8731 blocks, now on blockchain v0.22.0.
Content: 2 posts & 8 comments
Top tags: #liv, #kr, #sct, #zzan|2102.35 SP, $443.17
4.03%, 0.24 SP/block
19|@drakos - rank: 20 (active: 20)
Signed 6070 blocks, now on blockchain v0.22.0.
Content: 2 posts & 34 comments
Top tags: #witness-category, #witness-update, #steem, #palnet|1559.22 SP, $328.68
2.99%, 0.26 SP/block
20|@jesta - rank: 21 (active: 21)
Signed 5743 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|1486.18 SP, $313.28
2.85%, 0.26 SP/block
21|@ausbitbank - rank: 18 (active: 18)
Signed 4001 blocks, now on blockchain v0.22.0.
Content: 1 posts & 4 comments
Top tags: #hf21, #witness, #palnet, #neoxian|1142.82 SP, $240.91
2.19%, 0.29 SP/block
22|@lukestokes.mhth - rank: 22 (active: 22)
Signed 2265 blocks, now on blockchain v0.21.0.
Content: 0 posts & 0 comments|543.83 SP, $114.64
1.04%, 0.24 SP/block
23|@steempress - rank: 23 (active: 23)
Signed 293 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|353.12 SP, $74.44
0.68%, 1.21 SP/block
24|@emrebeyler - rank: 26 (active: 26)
Signed 283 blocks, now on blockchain v0.22.0.
Content: 5 posts & 14 comments
Top tags: #busy, #witness-category, #palnet, #hf21|341.09 SP, $71.90
0.65%, 1.21 SP/block
25|@liondani - rank: 24 (active: 24)
Signed 279 blocks, now on blockchain v0.22.0.
Content: 1 posts & 1 comments
Top tags: #dtube, #jesus|336.26 SP, $70.88
0.64%, 1.21 SP/block
26|@riverhead - rank: 27 (active: 27)
Signed 261 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|314.56 SP, $66.31
0.60%, 1.21 SP/block
27|@actifit - rank: 28 (active: 28)
Signed 258 blocks, now on blockchain v0.22.0.
Content: 6 posts & 3585 comments
Top tags: #actifit, #zzan, #sportstalk, #palnet|310.96 SP, $65.55
0.60%, 1.21 SP/block
28|@busy.witness - rank: 30 (active: 30)
Signed 255 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|307.34 SP, $64.79
0.59%, 1.21 SP/block
29|@pharesim - rank: 25 (active: 25)
Signed 249 blocks, now on blockchain v0.22.0.
Content: 1 posts & 6 comments
Top tags: #steem, #witness, #newsteem, #hf21|300.12 SP, $63.27
0.58%, 1.21 SP/block
30|@abit - rank: 34 (active: 34)
Signed 240 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|289.26 SP, $60.98
0.55%, 1.21 SP/block
31|@reggaemuffin - rank: 32 (active: 32)
Signed 240 blocks, now on blockchain v0.22.0.
Content: 0 posts & 12 comments|289.25 SP, $60.97
0.55%, 1.21 SP/block
32|@pfunk - rank: 31 (active: 31)
Signed 234 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|282.02 SP, $59.45
0.54%, 1.21 SP/block
33|@bhuz - rank: 29 (active: 29)
Signed 229 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|276.10 SP, $58.20
0.53%, 1.21 SP/block
34|@wise-team - rank: 39 (active: 39)
Signed 225 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|271.16 SP, $57.16
0.52%, 1.21 SP/block
35|@blockbrothers - rank: 40 (active: 40)
Signed 219 blocks, now on blockchain v0.22.0.
Content: 2 posts & 1 comments
Top tags: #witness-category, #witness, #blockbrothers, #hardfork|263.94 SP, $55.64
0.51%, 1.21 SP/block
36|@arcange - rank: 38 (active: 38)
Signed 198 blocks, now on blockchain v0.22.0.
Content: 17 posts & 94 comments
Top tags: #steem, #palnet, #hit-parade, #statistics|238.62 SP, $50.30
0.46%, 1.21 SP/block
37|@steempeak - rank: 35 (active: 35)
Signed 164 blocks, now on blockchain v0.22.0.
Content: 4 posts & 7 comments
Top tags: #steempeak, #palnet, #sps, #steemdao|197.52 SP, $41.64
0.38%, 1.20 SP/block
38|@ihashfury - rank: 42 (active: 41)
Signed 150 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|180.78 SP, $38.11
0.35%, 1.21 SP/block
39|@aizensou - rank: 43 (active: 42)
Signed 146 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|175.95 SP, $37.09
0.34%, 1.21 SP/block
40|@steemhunt - rank: 37 (active: 37)
Signed 146 blocks, now on blockchain v0.22.0.
Content: 8 posts & 643 comments
Top tags: #steemhunt, #palnet, #neoxian, #marlians|175.78 SP, $37.05
0.34%, 1.20 SP/block
41|@jackmiller - rank: 44 (active: 43)
Signed 144 blocks, now on blockchain v0.22.0.
Content: 3 posts & 3 comments
Top tags: #australia, #home, #tigers, #afl|173.55 SP, $36.58
0.33%, 1.21 SP/block
42|@helpie - rank: 47 (active: 46)
Signed 135 blocks, now on blockchain v0.22.0.
Content: 3 posts & 1 comments
Top tags: #palnet, #helpie, #helpiecake, #contest|162.71 SP, $34.30
0.31%, 1.21 SP/block
43|@stoodkev - rank: 36 (active: 36)
Signed 135 blocks, now on blockchain v0.22.0.
Content: 1 posts & 2 comments
Top tags: #witness-category, #steem, #steemit, #blockchain|162.48 SP, $34.25
0.31%, 1.20 SP/block
44|@holger80 - rank: 46 (active: 45)
Signed 133 blocks, now on blockchain v0.22.0.
Content: 3 posts & 5 comments
Top tags: #palnet, #neoxian, #steemleo, #steemdev|160.29 SP, $33.79
0.31%, 1.21 SP/block
45|@kevinwong - rank: 48 (active: 47)
Signed 127 blocks, now on blockchain v0.22.0.
Content: 0 posts & 12 comments|153.05 SP, $32.26
0.29%, 1.21 SP/block
46|@nextgencrypto - rank: 59 (active: 58)
Signed 98 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|118.11 SP, $24.90
0.23%, 1.21 SP/block
47|@fyrst-witness - rank: 55 (active: 54)
Signed 98 blocks, now on blockchain v0.22.0.
Content: 0 posts & 0 comments|118.11 SP, $24.90
0.23%, 1.21 SP/block
48|@neoxian - rank: 49 (active: 48)
Signed 98 blocks, now on blockchain v0.22.0.
Content: 1 posts & 6 comments
Top tags: #bank, #loan, #palnet, #neoxian|118.08 SP, $24.89
0.23%, 1.20 SP/block
49|@oracle-d - rank: 52 (active: 51)
Signed 97 blocks, now on blockchain v0.22.0.
Content: 0 posts & 4 comments|116.90 SP, $24.64
0.22%, 1.21 SP/block
50|@c-squared - rank: 5