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RE: How to set up a Hive Witness or Seed node (non-MIRA) / Upgrade from Steem-Docker to Hive-Docker

in HiveDevs5 years ago

The daily rewards in HP are shown on https://www.eztk.net/witnesses.php?id=someguy123

You can put the numbers into https://value.steem.network and times the USD amount by 28 to figure out how much a witness makes per month.

Currently:

  • Rank 1 to 20 get 340 HP per day = $201 USD per day / $5,600 per month
  • Rank 30 gets 54 HP per day = $32 USD per day / $896 per month
  • Rank 40 gets 27 HP per day = $16 USD per day / $448 per month
  • Rank 50 gets 15 HP per day = $9 USD per day / $252 per month
  • Rank 60 gets 10 HP per day = $6 USD per day / $168 per month
  • Rank 70 gets 7 HP per day = $4 per day / $112 per month
  • Rank 80 gets 5 HP per day = $3 per day / $84 per month

At https://www.privex.io - the cheapest witness server we have is $30/mo - so you could break even at around rank 100 with our cheapest server, and at rank 60 with a decent sized 64GB RAM dedicated server.

Of course the Hive price is very high at the moment, so the profitability of each witness rank could lower dramatically if/when the Hive price drops.

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@someguy123 - reread this post and decided to dig through comments. So are you saying that a $30 server from Privex could still work as a "witness" node? Or is it absolutely mandatory that we need 64GB+.

I'd like to, if possible, start off with something small (since it would be coming out of pocket), and then scale over time if possible. If you could provide a bit more depth on this, I'd really appreciate it. Ideally something sub $100/mo. I don't mind shelling out until I grow a voter base/expand my skillset further.

Thanks in advance!