Oh no. If Witnesses aren't covering their expenses, Steem has a real problem.
I'm glad I waited so long to start buying. I'd be kicking myself in the head if I had bought 3500 STEEM at 2$, $5 or $10! :-O
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Top 20 witnesses are currently making about ~$2,200 a month so they're doing ok.
And much were you doing, if I may ask...?
About 1 Steem every 2 hours ... it didn't even cover the cost of 1 server.
That is ridiculous. I can get way more by standing on a corner with my hat on the ground. :-(
lol. Sadly, this is true.
Lol, what kind of server do you have? 512 GB of RAM?
Servers at Hetzner are 38€ + tax (48€ total in Slovenia).
You got 366.81 SP in last month.
I get ~60 SP per month and I'm happy that I'm not one of those witnesses that get only few blocks per week. So your earnings were not so bad!
Not everyone wants to put the effort for say a 30% ROI when the amount we are talking about is only say $25 profit. I would be tempted to but then again, I think I would see a loss instead.
$25 profit is ~100 STEEM that
couldwill be worth $1000ifwhen Steem goes back to $10.As it stands now, he has $90,000 worth of Steem power invested. Assuming he is/could get a straight job (which seems rather likely), it would be easier and less time consuming to come up with an extra $25 in a month using overtime pay than the amount of time it would take to setup a Steem node. It's no different if he gets it from rewards or from trading it is still 100 Steem.