The Question
Is your Witness vote helping you earn? or is it just helping others earn off of you?
The Problem
Steem witness whales are not sharing their rewards with the Steemit community. Witnesses mint thousands of dollars worth of Steem daily and the community isn't getting their cut.
The Solution
A Steem Witness that pays out users who vote for it. Paying back supporters dividends is the best way to reward community members while keeping witness node maintainers honest, transparent and responsible.
The solution is @SteemEnginePool
How it Works
Sometimes the simplest solution is the most elegant:
- Use one of your witness votes on "SteemEnginePool".
- When SteemEnginePool produces a block reward, the reward will be divided and distributed to users that vote for @SteemEnginePool.
That's it. Vote @SteemEnginePool as a witness and you will earn steem dividends. It's as simple as that.
How to Get Started
Go to https://steemit.com/~witnesses and vote steemenginepool as seen below
steemenginepool should be displayed with an upvote arrow. If you see this, you are done! Do not click it or it will remove the vote!
Witness Node Specifics
Here is some information on the node we are running. We will continue to upgrade as the Steem blockchain grows.
| Type | Cloud Hosted |
| RAM | 64GB |
| CPU's | 16 |
| Disk | 1TB SSD |
| Features | Clustered, High availability and CDN optimized. |
Hey, just saw this post. Welcome to being a witness! I see a couple misconceptions in your post that I'd like to address. Especially as someone who is seeking to produce blocks for the Steem, I encourage you to understand how it works and what gives the network value.
That's not true of all witnesses. And not all witnesses are "whales." I share over 1/4th of my current weekly SP income with @luzcypher's Open Mic contest for instance. Other witnesses contribute their own funds and their own time in many ways.
This is a gross misconception. The Steem network that's being run by the witnesses has an emission based on inflation. Witness pay is 10% of that inflation while post rewards are 75%! So to say the community isn't getting "their cut" is inaccurate.
It also presumes that witnesses somehow don't deserve 10% of Steem inflation earmarked for witness compensation for faithfully keeping the network decentralized and secure. This can not be undervalued. No network security, no network! Obviously: no network, no post rewards!
@anyx recently made a post explaining why incentivized voting on a DPoS network is a net negative on its security and value. Check it out here: https://steemit.com/dpos/@anyx/how-vote-incentivization-degrades-delegated-proof-of-stake
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I'm in. This is my first witness vote. I have been holding on to them. Hope this works out for you. Best of luck.
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I followed as well. Leta get this block mined.
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Thanks!
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@pfunk pls upvote me
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Witness vote
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Done
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I like voting for the underdog so let's see. You got a vote of mine.
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Thank you!
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Done
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Done.. May your methids work for the best of steem community.
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I'm in
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Done.
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Sounds tasty. Me likie.
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I like the idea of sharing!
You have to have lots of voters to break even after paying for the witness node hosting. How do you plan to share the reward:
Please, give us more details about your reward dividing algorithm.
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We are looking at starting at a 80% payouts 20% hosting model. It might be a bit of time before we mint our first block and we don't want to keep our supporters waiting for a payout too long.
Shares will be paid out to a supporter once they hit the minimum threshold of 0.001
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Done. Will our shares be transferred directly from steemenginepool to our wallets? Will you also be sharing data on the earnings? Thanks!
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Shares will be transferred directly from steemenginepool to your wallet. http://www.steemenginepool.com/ (under construction) will display complete information on earnings and payouts.
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I'm recasting my witness vote; somehow my first vote for you was removed??
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Estoy dentro
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cool, just voted for you as my witness!
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Thanks for posting
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Hi I just upvote you on steemfollower
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Congratulations @steemenginepool!
Your post was mentioned in the Steemit Hit Parade in the following category:
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Congratulations @steemenginepool!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, feel free to vote for my witness! You can do it here or use SteemConnect
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Voted
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You got a 63.86% upvote from @luckyvotes courtesy of @steemengineteam!
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Estoy dentro
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This post has received a 21.9 % upvote from @boomerang.
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Done
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buen post! te dejo mi voto,un saludo!!
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I had made my own upvote and didn't see any reward
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You need to wait until we mine a block before we get an award.
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Done and upvoted
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I Support your project
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Let's see how things go 😀
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hello
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ok, you got my vote
I like your views
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I voted! This is awesome, can't wait to see you guys do well.
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Nice post! I Vote for you as witness :) Lets see how this goes.
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Done! Will keep an eye out for the sharing of payout.
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I vote you as witness ... any ideal when we would get shares..? so far nothing.. Maybe its to early or this was just to get votes.>? Any one got rewarded?
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nothing mined yet. It will be slow in the beginning as not many witnesses outside of the top 100 get picked often.
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vote done . Good luck
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I just discovered that I can make 30 votes. I used three of them and one of those was for you. 😉
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