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RE: Giving 100% of My Witness Rewards to Advertising Steem!
Took the suggestion right out of my mouth.
Have you considered dedicating a potion of the rewards to a non-advertising related source? That might broaden the appeal of this (generous) witness-block sharing initiative.
After the costs for server maintenance, this (100% share) represents a substantial financial loss to Jerry to implement. Anyone should consider that before criticizing. According to Anyx (witness), it is a couple hundred dollars per day.
Currently my server costs are about $500 to $600 a month and I will get a third server when I am in the top 20 to add depth to my backup. Anxy has a lot higher costs I think because of the bots he runs like @cheetah. In the future I think witness voters especially at the top will prefer to vote for witnesses that are transparent about the earnings and the expenses related to being a witness.
"Anxy has a lot higher costs I think because of the bots he runs like @cheetah."
Yep, that's one thing I learned while doing his entry in the witness reports. Cheetah is surprisingly expensive!
I suppose it makes sense that keeping a cheetah is not economically efficient.
Server costs should be presently be in the range of $80 - $100 a month for a single node capable of running an efficient witness, and most witnesses will launch between 2 and 4 of these. (A back up witness could get away with just one, though). A full RPC node will run more, maybe $200 - $300 a month.
I run 4 witness + 1 full, but it's still nothing compared to the costs of cheetah that I sometimes forget about node cost when I tackle my finances each month.
:)
"Server costs"
Thank you for the extra details!
"keeping a cheetah is not economically efficient."
I actually have a citation for this:
http://www.cnn.com/2003/US/Northeast/10/04/nyc.tiger/
https://en.wikipedia.org/wiki/Ming_of_Harlem
interesting story