Been Creeping

I like to creep around Steemd.com, I was creeping on a witness today when I noticed the producer reward. I realized that it was showing basically every minute, although it isn't exactly every minute, he was getting .191 STEEM as a producer reward.

The top 20 witnesses get one block per round which is 63 seconds long.

21 blocks are made in succession, 3 seconds apart, and the first 20 going to the top 20 witnesses. The 21st goes to a random witness with some algorithm I do not understand but is suppose to have a better chance the higher your place is.

So let us do a little math here.

The number of seconds in a day, divided by 63 gives us 1371.43 rounds per day. Each round gives a top 20 witness .191 Steem.

That is 261.9 SP a day. Over a year, that comes out to 95.6k SP or ~$573k at current prices of $6.

So Tell Me Why You Need Rewards From The Reward Pool

Shame On You.