WitnessWatch Weekly Report #17: 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 run a script every week that analyzes every block processed in the previous week to calculate what each witness earned that 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: $2.37/STEEM
Dates covered by analysis: May 21st - May 27th, 2018

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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.

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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

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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
1863.5725952887597	4413.18217008117	@gtg	1
1863.3775254613656	4412.7202193708235	@jesta	2
1855.614520202578	4394.336413727331	@roelandp	3
1864.1539296835049	4414.5588455013985	@timcliff	4
1858.3305710396278	4400.768375196073	@good-karma	5
1864.5410245888795	4415.475536559663	@ausbitbank	6
1862.2120203342583	4409.960151714167	@thecryptodrive	7
1864.3478879824627	4415.0181639679095	@someguy123	8
1863.5715938144524	4413.179798459819	@aggroed	9
1863.9597749906604	4414.099061948632	@clayop	10
1863.5706786774501	4413.177631296429	@lukestokes.mhth	11
1864.1528937892374	4414.556392369106	@smooth.witness	12
1813.305958639839	4294.144239833761	@blocktrades	13
1864.1528790343461	4414.556357427606	@netuoso	14
1862.4072389120297	4410.4224546847445	@anyx	15
1863.7656974663948	4413.639461141093	@curie	16
1862.0180562471028	4409.500819540452	@followbtcnews	17
1862.988409805209	4411.798742912009	@pharesim	18
1863.9598324864044	4414.099198106029	@jerrybanfield	19
1794.9502364680309	4250.6755034870375	@xeldal	20
468.9830641060777	1110.6128636015258	@pfunk	21
375.82863718248666	890.011070570962	@riverhead	22
349.5475780670135	827.7741060478367	@drakos	23
337.8554378632675	800.0855980671397	@cervantes	24
368.04149259097005	871.5700998494539	@furion	25
331.03872490244703	783.9427356032319	@utopian-io	26
321.2905673256885	760.8578312009827	@liondani	27
325.2002225602423	770.1164030515865	@bhuz	28
331.042707518191	783.9521669550536	@busy.witness	29
298.9121699071682	707.8628769222622	@teamsteem	30
270.6709505669053	640.9839981660053	@yabapmatt	31
221.99167276580732	525.7051400268913	@abit	32
217.1198692225293	514.1680759019483	@klye	33
188.8826486938219	447.2986668513004	@ihashfury	35
182.07385038392053	431.1745473096737	@aizensou	36
190.83533384391063	451.9228791357801	@blockbrothers	37
178.17645347158296	421.94500475965975	@therealwolf	38
176.23167715189288	417.33952161371207	@reggaemuffin	39
162.60183662173947	385.06228735903983	@rival	40
158.69727292697652	375.8157729365609	@prc	41
160.64949835136338	380.43889653081413	@patrice	42
156.75992130940705	371.2278724504461	@steemed	43
150.91751537154184	357.39229567680934	@fyrst-witness	44
149.93928112688317	355.07570981500584	@ocd-witness	45
143.12670721158236	338.9426491489645	@themarkymark	46
139.22883929720663	329.71199120489393	@nextgencrypto	47
102.24175974897366	242.121778514337	@asbear	48
113.91892907833618	269.7748335182802	@adsactly-witness	49
97.36243112144362	230.56689401162427	@noisy.witness	50
115.8639126463755	274.38080745526116	@delegate.lafona	51
111.96625654076236	265.15065110187555	@joseph	52
113.92286759838463	269.78416044576255	@arcange	53
107.1024835570131	253.63260438586943	@liberosist	54
99.31501873427398	235.19087531519622	@steemgigs	55
93.46892452855158	221.34656424379884	@firepower	56
93.46892520853703	221.34656585409277	@ats-witness	57
90.55380563018727	214.44318372701537	@neoxian	58
89.57529552370933	212.12594458856177	@charlieshrem	59
86.65627166036043	205.21331660704934	@jackmiller	60
86.65241127008395	205.20417470102387	@dragosroua	61
78.86512331668393	186.7628644799387	@justyy	62
70.10371863262085	166.01471920546842	@sircork	63
69.1293300944509	163.70724047657203	@steemychicken1	64
66.21016871726574	156.7942868444185	@chitty	65
63.2871068683392	149.8720963881201	@boatymcboatface	66
58.419202063599165	138.3442649828711	@emrebeyler	67
57.44475034529218	136.03663663519674	@privex	68
57.43727934767565	136.01894434161113	@complexring	70
43.8152979869752	103.76032162189559	@blockchained	74
30.17870003013518	71.46708490236402	@ura-soul	75
41.87043121512176	99.1546242734663	@blackwidow	76
39.92173829863506	94.53986611714664	@qurator	77
39.91772504082473	94.53036220092825	@felixxx	78
38.943302194903076	92.22280222681582	@jatinhota	80
36.99465316768909	87.60814800599955	@yuriks2000	81
38.94732543268273	92.23232977689895	@guiltyparties	82
34.07926387098483	80.7041271507953	@mahdiyari	83
35.05396214331254	83.01233937044272	@helo	84
41.85900132131172	99.12755679903792	@krnel	85
33.10112734786225	78.38777270629303	@b0y2k	86
34.07935713275208	80.70434800678417	@block-buster	87
32.134687082166195	76.09911651989023	@stoodkev	89
31.15638850836822	73.78237831832203	@demotruk	92
35.04996810368769	83.00288096538593	@jacor-witness	95
28.23326748945514	66.86004773980339	@steem-bounty	96
22.402518444866747	53.052076004842284	@bitrocker2020	99
26.292291377392047	62.26356397954343	@bue	100
25.31004351909607	59.93747335887697	@chainsquad.com	102
21.42033448549257	50.72613670512952	@sc-steemit	104
22.390827489883367	53.024390303617494	@masteryoda	105
7.787115053397829	18.440900771403	@comedyopenmic	106
20.4460935793926	48.41900758816699	@swelker101	107
20.450013424938053	48.42829029199855	@anarcho-andrei	108
20.44219322113118	48.40977103275738	@yehey	109
17.526922052091695	41.506029919219905	@steemcommunity	111
17.526853100337544	41.50586663250235	@jrswab	113
16.556522371383696	39.20799732334487	@samrg472	115
15.578258163725993	36.89134050526443	@enginewitty	116
13.62935351958751	32.27608095034077	@silversteem	117
15.578174666007756	36.891142771812945	@intelliwitness	118
13.629520692137117	32.27647683667067	@hagie	119
7.7949400639296345	18.459431413593684	@swisswitness	121
8.761877318468358	20.74926453418447	@steemitboard	122
9.731878526861575	23.0463534958167	@danielsaori	123
9.731898306231795	23.0464003359367	@fubar-bdhr	124
9.735911548095292	23.0559042143909	@sempervideo	126
8.76155263119621	20.74849563251468	@valorforfreedom	128
8.765428281093472	20.75767367530588	@isnochys	129
7.787100341003814	18.44086593054136	@quochuy	130
7.787105202649933	18.440877443551383	@davinci.witness	132
7.791148085291568	18.45045151522152	@viva.witness	133
7.787233135023619	18.441180404043482	@jamzed	134
6.816705606905044	16.14284504888004	@windforce	136
6.8167252553091275	16.142891578855203	@cloh76.witness	137
7.7909907281176	18.45007887297713	@castellano	139
4.864156433841995	11.518954775674242	@thekitchenfairy	141
5.846256711339742	13.844695905824983	@skenan	142
4.867933668275931	11.52789975785428	@fbslo	143
4.864033441028302	11.518663512702352	@gridcoin.science	145
3.897411040755413	9.229576007944114	@bobdos	151
3.8974700532347066	9.229715757166705	@steemhq.witness	153
2.9191814223105848	6.913001101616365	@evildido	154
2.9192552020744205	6.913175821688497	@yensesa	155
2.9191666567976986	6.912966134962334	@ety001	158
2.91911749506422	6.91284971358643	@pcste	162
0.9744326771978148	2.307583255852461	@lux-witness	163
1.9487374751309106	4.614863676981763	@cryptohazard	172
1.944871700763743	4.605709020729643	@crt	174
1.952608174872791	4.624029997161502	@pjau	177
0.9743539844456235	2.3073969011852142	@justinadams	186
0.9782345225695339	2.3165865199325903	@yanosh01	191
0.9743343112576663	2.307350312518617	@ukrainian.trail	210
0.974383499545346	2.30746679677832	@exnihilo.witness	214
0.9742752952393668	2.3072105549152018	@beerbot	230

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!

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