RE: I Am #AliveAndThriving Today! || #IAmAliveChallenge || Daily Off-Grid Jungle Journal Entry: Day #1072 - Exploring KYC-Free, Non-Custodial, Trustless Decentralized Exchanges and Wallets - Lower Puna, Far East Big Island, Hawai'i - Friday, July 4, 2025
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All operators of working Hive nodes do receive rewards (in the form of Hive Power), though the Top 20 Hive Witnesses take about 95% of the rewards for Witness nodes. 🤔🤯 Those below the Top 20 struggle with the 5%, where the probability of each node to be selected for creating a block and getting the associated rewards depends of the votes to it (in terms of Hive Power). 🤯🤓
In other words, for every 21 blocks added on the Hive blockchain, each of the Top 20 Witnesses create their own blocks, then the 21st block is created by a "backup witness" randomly selected from the Top 21 Witnesses downwards. 🤓😏
!HOPE !INDEED !PIZZA !WEIRD !HUG
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Yeah, the present system doesn't really give much incentive to actually allocate the time, energy, and resources to set up run a node, since if a node is not in the top 20, it gets peanuts, if even that. 😁 🙏 💚 ✨ 🤙
!HOPE
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They say that the stakes are very high to become (and remain) one of the Top 20 Hive Witnesses, such that those at the top need to run more than one witness node at the same time (to avoid missed blocks and therefore missed earnings and more "miss" permanent record). 🤔💸🤯🤓
!WEIRD !INDEED !HOPE !PIZZA
Yipes, that sounds like quite an investment. This is why I run a Qortal node and not a Hive witness, since everyone at a particular level gets the same daily rewards. 😁 🙏 💚 ✨ 🤙
!HOPE
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Imagine Hive's Witness system where there are no "Top Witnesses", only that the percentage of votes (in terms of total Hive Power) each Witness node has compared to the total votes across all Witnesses determines its chance of producing the next block. 🤔 That might open a "can of worms" !INDEED! 🤯🤣
!WEIRD !PIZZA !ALIVE !HUG
Yeah, I guess with the way that Hive is set up that sort of system wouldn't work so well. 😁 🙏 💚 ✨ 🤙
!ALIVE
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Imagine too that each Hive account can vote for up to 100 (or even 1,000) Hive Witness nodes! 🤯🤣
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He bought a warehouse.
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I suspect that far fewer people would vote if that were the case. 😁 🙏 💚 ✨ 🤙
!LOLZ
!WEIRD
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Well, it is more of a rap really.
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On the other hand, those "far fewer people" would likely be encouraged to vote for even more Hive Witness nodes! 😅
!WEIRD !INDEED !WINEX !ALIVE
Some people really get into certain activities. 😁 🙏 💚 ✨ 🤙
!ALIVE
!BBH
!INDEED
!WEIRD