Witness pay per block calculations

Started by Chronos, May 11, 2016, 03:03:01 PM

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yvv

#5
May 13, 2016, 01:34:38 PM
Quote from: xeroc on May 13, 2016, 08:34:22 AM
Correct

Quote from: yvv on May 11, 2016, 05:43:47 PM
Does this cover the cost of running a node on Azure BAAS?
No
Shit

xeroc

#4
May 13, 2016, 08:34:22 AM
Correct

Quote from: yvv on May 11, 2016, 05:43:47 PM
Does this cover the cost of running a node on Azure BAAS?
No

yvv

#3
May 11, 2016, 05:43:47 PM
Does this cover the cost of running a node on Azure BAAS?

abit

#2
May 11, 2016, 05:00:11 PM
Correct.
BitShares committee member: abit
BitShares witness: in.abit

Chronos

#1
May 11, 2016, 03:03:01 PM
The network is currently configured for 1.5 BTS to be created per block. With the current network state of 25 witnesses and 3-second blocks, that gives 1.5 BTS every 75 seconds per witness, or about 51840 BTS of income per month to act as a witness.

Is this the correct approach to calculation? An interesting side-effect is that adding a witness will keep network costs the same, while diluting the individual pay for each witness.
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