How do the top 20 Steem witnesses each earn $295 a day building the blockchain in a process we usually call mining? Would you watch this video to see who is earning $295 a day witnessing the Steem blockchain creation because seeing how easy becoming a miner for Steem is inspired me to become a witness? First, the terms mining and witness are confusing with cryptocurrencies especially Steem because originally one proof of work miner was included along with 20 witnesses whose Ubuntu Linux servers process all the transactions and create the new Steem blockchain every 63 seconds under the Delegated Proof of Stake (DPOS) which is the fastest, most efficient, most decentralized, and most flexible consensus model available first demonstrated in BitShares. This concept was invented by Dan Larimer who is currently working on EOS after starting BitShares and Steem.
The top 20 witnesses earn Steem Power every day which can easily be withdrawn to STEEM every 7 days and/or used to upvote posts to earn author or curation rewards. While I used $295 a day as the baseline based on the exact pay received, the top 20 witnesses for Steem generally earn much more than this by posting and upvoting with their own Steem Power. The amazing fact is that $295 represents the current Steem price. If the price goes up double, every witness makes double. When it goes up 10 times, every top witness will instantly be making thousands per day instead of hundreds! At ranking 61, I currently am making about $15 a day. If you are already on Steem, would you please vote for me as a witness at https://steemit.com/~witnesses because you might feel good about helping my witness get up higher?
Here are links to the resources I showed in the video!
Earning data from Steem Whales at https://steemwhales.com/
Read more about being a witness in my post at https://steemit.com/witness-category/....
View top witness votes at http://www.steemreports.com/witness-v....
SteemD shows the list of top witnesses in real time at https://steemd.com/witnesses.
SteemDB has deep witness data at https://steemdb.com/witnesses.
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