Thank you, this answer should be a post by itself i believe. I guess it will be difficult to join the top 19. I'm running a web company and i could put some devs and servers up to the task, but i can't invest much if i don't have any return on investment, at least to pay the expenses. Witnesses are paid in Steem, let's say you don't make it to the top, any idea of how much are we talking here ? Just to run some numbers and calculations to see if i can allocate resources to this. Thanks.
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The higher ranked alternates probably sign a few blocks per hour (reward per block is 1 SP) but I haven't looked at the detailed calculations. For the very highest of the alternates (say ranks 20-25), they will sometimes enter and leave the top 19 due to changing votes, top 19 witness downtime, etc. so their rate of earnings is higher; between ranks 15 and 25 there is somewhat of a blend between the earnings of a primary witness and a backup (and especially between, say, 18-22).
It seems like witnesses also do some kind of work for the community, i guess to earn votes on the witnesses list. Some are doing marketing, others are coding.
@najoh Earn votes yes, but also to improve the value of our investment. One of the effects of paying witnesses well and paying in SP (witnesses receive no liquid pay at all) is that all become major stakeholders over time whether they started out as such or not, which aligns incentives to work toward Steem/it being a success.