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RE: Regarding Backup Witnesses & Witness Pay
Interesting, I have been wondering about how much it costs to be a witness vs the returns. Sounds like it is not a great idea at current STEEM prices.
Interesting, I have been wondering about how much it costs to be a witness vs the returns. Sounds like it is not a great idea at current STEEM prices.
For top 20 it's 8000x$1.4=11200USD approx at current market rate of Steem. Can't say what it's like at the bottom of the list as im unsure of the hardware anyone else is running. I knew someone who used to run a node reliably at less than $20 a month lol. He's disabled the witness since then afaik.
that actually sounds pretty great, especially since it has been a whole lot higher than $1.4 in the past. is there like a tutorial or a guide for setting up one of these nodes for the STEEM blockchain for dummies?
Not sure about a tutorial for dummies but here's one: https://steemit.com/witness-category/@bitcalm/how-to-become-a-witness
and
https://steemkr.com/witness-category/@timcliff/steps-for-setting-up-a-witness-node-the-manual-way
very cool, thank you!