LISK - Delegates forging rewards and halving incoming by bluephoenix

View this thread on: hive.blog | peakd.com | ecency.com

lisk · @bluephoenix · Oct 11 '17 (edited)

$0.36

LISK - Delegates forging rewards and halving incoming

<html>
<p>A few months ago, I have written an article on "<a href="https://steemit.com/lisk/@bluephoenix/lisk-a-strategy-to-maximize-your-profit-tools-list-included">How to maximize your profit in LISK voting</a>". But have you ever wonder how many LISK per day that each delegate in the top 101 "forge"? In this article, I have done some simple calculations on the earnings as well as expressed my thoughts on the halving event "soon-to-come".</p>
<p><img src="http://www.hec.edu/var/corporate/storage/images/knowledge/strategie-et-management/innovation-et-entrepreneuriat/revenus-de-l-entrepreneuriat/391083-6-eng-GB/Earnings-from-entrepreneurship-less-than-salaried-employment-or-just-less-measurable_knowledge_standard.png" width="1000" height="563"/></p>
<h1>1. Delegate Forging Reward</h1>
<p>In order to calculate the earnings, we need the block generation time and delegate cycle information. According to the official FAQ on the official Lisk website (<a href="www.lisk.io">www.lisk.io</a>) and chain explorer (<a href="https://explorer.lisk.io/">https://explorer.lisk.io/)</a>, at the time of this article:</p>
<ul>
  <li>Block reward is <strong>5 LSK</strong></li>
  <li>Block time is <strong>10 seconds</strong>, take 101 delegates into account, we would have <strong>1010 seconds</strong> <strong>(~ 17 minutes)/ round</strong>. &nbsp;(<em>Source</em>: <a href="https://docs.lisk.io/docs/faq-network#section-how-long-is-a-delegate-round-">https://docs.lisk.io/docs/faq-network#section-how-long-is-a-delegate-round-</a>)</li>
</ul>
<p><img src="https://steemitimages.com/DQmUJumZS7FkVG9SRiz9wtjmZ1sGhFvQzPFjXNHC2D4ngqW/image.png" width="1020" height="146"/></p>
<ul>
  <li>Now, since I want to be as much precise as possible, let's take <strong>seconds</strong> into our formula. Thus we would have earnings per day for each delegates:</li>
  <li><strong>Blocks forged per day</strong> = (24 hours * 60 minutes * 60 seconds) / (1010 seconds Delegate cycle time) = ~<strong>85.5 blocks</strong></li>
  <li>Not only delegates get the default <strong>5 LSK</strong> reward per block, they also earn the transaction fees (currently 0.1 LSK / tx) if there are any in that block. Let's assume the they would get the basic <strong>5 LSK WITHOUT any tx fee</strong>&nbsp;</li>
</ul>
<h2><strong>Earnings per day = 85.5 blocks &nbsp;* 5 =427 LSK / day ==&gt; 1 month is roughly 12 831 LSK</strong></h2>
<p>(assuming all delegates are 100% succeed in forging blocks - no down time)</p>
<h1>2. Halving Incoming</h1>
<p>I believe many of you have heard about the halving "soon-to-come". So when exactly it is? According to the Lisk protocol reward:</p>
<p><img src="https://steemitimages.com/DQmPgZkqzZwSpZBFNTRJHCs3nB4MKS5bJF9sd6krrKQcQCy/image.png" width="508" height="306"/></p>
<p>At the time writing this article, we are at block &nbsp;<strong>4124088</strong>. The next milestone is at block &nbsp;<strong>4451520.</strong> Put that into the same formula above, we would have:</p>
<p>Numbers of blocks left * Blocks time = (4451520 - 4124088)*10 seconds= 327432 seconds = ~ <strong>38 days left</strong></p>
<h2><strong>Thus the next reward "halving" is around 18th November 2017</strong></h2>
<h1><strong>3. Verdict</strong></h1>
<p>If you want to know how much delegates are "sharing their rewards" with you, you can either go to <a href="https://dpostools.com/LISK">https://www.dpostools.com/LISK</a> or <a href="https://www.earnlisk.com/">https://www.earnlisk.com</a> . So you can easily see that most delegates share from little as 5% to 100% of their rewards (yea, from nearly<strong> 13000 LSK</strong> <strong>/ month</strong>). I know that many of them are actively contributing to the network and community; however, i also believe that <strong>not-a-small</strong> number of delegates are actually doing nothing but just <strong>pooling together, manipulating the network while sharing little rewards</strong>.</p>
<p>Furthermore, the halving will reduce our voters' earnings for <strong>20% (from 5 LSK/block to then 4 LSK)</strong>. Then later, when LSK increases in price, I believe we truly need to research and to only vote for those who actively contribute to the network.... because it will cost us more to vote and change votes!</p>
<p>So what do you think?</p>
<p><strong>LISK Tip Jar</strong>: 16588147351803730124L (Thanks!)</p>
</html>

👍 sleeplesswhale, tonyh289, cryptojaxx, bluephoenix, ren1902, wishmaster90, lily1608, zeref890, unipsycho, steemitboard, cifer, molekilla, vhorta, xorimaxo, lucidaesthetics, sk6, kogimus, tomaaszq, psionides, almondbutter, martusamak, pixidreamdust, jenuty, leduc1984, webdesign29

`author`	bluephoenix
`permlink`	lisk-delegates-forging-rewards-and-halving-incoming
`category`	lisk
`json_metadata`	{"tags":["lisk","delegates","dpos","blockchain","cryptocurrency"],"image":["http://www.hec.edu/var/corporate/storage/images/knowledge/strategie-et-management/innovation-et-entrepreneuriat/revenus-de-l-entrepreneuriat/391083-6-eng-GB/Earnings-from-entrepreneurship-less-than-salaried-employment-or-just-less-measurable_knowledge_standard.png","https://steemitimages.com/DQmUJumZS7FkVG9SRiz9wtjmZ1sGhFvQzPFjXNHC2D4ngqW/image.png","https://steemitimages.com/DQmPgZkqzZwSpZBFNTRJHCs3nB4MKS5bJF9sd6krrKQcQCy/image.png"],"links":["https://steemit.com/lisk/@bluephoenix/lisk-a-strategy-to-maximize-your-profit-tools-list-included","www.lisk.io","https://explorer.lisk.io/","https://docs.lisk.io/docs/faq-network#section-how-long-is-a-delegate-round-","https://dpostools.com/LISK","https://www.earnlisk.com/"],"app":"steemit/0.1","format":"html"}
`created`	2017-10-10 20:11:15
`last_update`	2017-10-11 20:31:51
`depth`	0
`children`	9
`last_payout`	2017-10-17 20:11:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.302 HBD
`curator_payout_value`	0.059 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	4,364
`author_reputation`	228,024,398,981
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	0
`post_id`	17,330,247
`net_rshares`	148,525,333,821
`author_curate_reward`	""

properties (23)vote details (25)

voter	rshares	pct
webdesign29	0	100%
leduc1984	0	100%
unipsycho	207,177,036	1%
steemitboard	182,899,566	1%
cryptojaxx	17,097,074,876	100%
jenuty	0	100%
cifer	115,624,526	30%
pixidreamdust	0	100%
wishmaster90	2,807,174,451	100%
bluephoenix	15,450,749,053	100%
ren1902	5,298,845,835	100%
lily1608	1,160,622,794	100%
martusamak	0	100%
almondbutter	0	100%
zeref890	1,032,944,695	100%
tonyh289	37,060,215,300	100%
sleeplesswhale	68,112,005,689	16.66%
psionides	0	100%
tomaaszq	0	100%
kogimus	0	100%
sk6	0	100%
lucidaesthetics	0	100%
xorimaxo	0	100%
vhorta	0	100%
molekilla	0	100%

@cryptojaxx · Oct 10 '17

$0.04

Great info, thanks for posting.  Resteemed and upvoted.

👍 bluephoenix

`author`	cryptojaxx
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171010t213104714z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"steemit/0.1"}
`created`	2017-10-10 21:31:06
`last_update`	2017-10-10 21:31:06
`depth`	1
`children`	0
`last_payout`	2017-10-17 21:31:06
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.027 HBD
`curator_payout_value`	0.008 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	55
`author_reputation`	69,076,689,190
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,335,601
`net_rshares`	14,974,643,840
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
bluephoenix	0 B		14,974,643,840	100%

@cututu · Oct 11 '17

$0.03

This is very insightful. Although LSK and ARK both originated from Crypti, I would say ARK has a far more advanced voting system.

👍 bluephoenix, tonyh289

`author`	cututu
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171011t123844079z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"steemit/0.1"}
`created`	2017-10-11 12:38:48
`last_update`	2017-10-11 12:38:48
`depth`	1
`children`	0
`last_payout`	2017-10-18 12:38:48
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.025 HBD
`curator_payout_value`	0.008 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	129
`author_reputation`	6,811,404,422
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,390,842
`net_rshares`	14,246,041,498
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
bluephoenix	0 B		14,246,041,498	100%
tonyh289	0 B		0	100%

@lily1608 · Oct 11 '17

$0.03

Very useful information. Keep up the great work :D

👍 bluephoenix

`author`	lily1608
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171011t202423696z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"steemit/0.1"}
`created`	2017-10-11 20:24:24
`last_update`	2017-10-11 20:24:24
`depth`	1
`children`	0
`last_payout`	2017-10-18 20:24:24
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.032 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	50
`author_reputation`	1,102,399,190
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,427,313
`net_rshares`	14,001,823,644
`author_curate_reward`	""

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
bluephoenix	0 B		14,001,823,644	100%

@ren1902 · Oct 11 '17

$0.04

wow so much information :O makes sense indeed

👍 bluephoenix, lily1608

`author`	ren1902
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171011t075815161z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"steemit/0.1"}
`created`	2017-10-11 07:58:15
`last_update`	2017-10-11 07:58:15
`depth`	1
`children`	0
`last_payout`	2017-10-18 07:58:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.029 HBD
`curator_payout_value`	0.008 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	45
`author_reputation`	23,546,388,772
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,370,647
`net_rshares`	15,722,543,851
`author_curate_reward`	""

properties (23)vote details (2)

voter	weight	wgt%	rshares	pct	time
bluephoenix	0 B		14,567,724,171	100%
lily1608	0 B		1,154,819,680	100%

@sleeplesswhale · Oct 13 '17

<p>This post has received a 16.67 % upvote from @sleeplesswhale thanks to: @steem-buzz.</p>

properties (22)

`author`	sleeplesswhale
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171013t211858555z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"drotto/0.0.2b"}
`created`	2017-10-13 21:19:00
`last_update`	2017-10-13 21:19:00
`depth`	1
`children`	0
`last_payout`	2017-10-20 21:19:00
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	92
`author_reputation`	42,005,712,593
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,616,053
`net_rshares`	0

@steemitboard · Oct 10 '17

Congratulations @bluephoenix! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/posts.png)](http://steemitboard.com/@bluephoenix) Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!

properties (22)

`author`	steemitboard
`permlink`	steemitboard-notify-bluephoenix-20171010t221756000z
`category`	lisk
`json_metadata`	{"image":["https://steemitboard.com/img/notifications.png"]}
`created`	2017-10-10 22:17:54
`last_update`	2017-10-10 22:17:54
`depth`	1
`children`	0
`last_payout`	2017-10-17 22:17:54
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	700
`author_reputation`	38,975,615,169,260
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,338,162
`net_rshares`	0

@steemitboard · Oct 13 '17

Congratulations @bluephoenix! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

[![](https://steemitimages.com/70x80/http://steemitboard.com/notifications/comments.png)](http://steemitboard.com/@bluephoenix) Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click [here](https://steemit.com/@steemitboard)

If you no longer want to receive notifications, reply to this comment with the word `STOP`

> By upvoting this notification, you can help all Steemit users. Learn how [here](https://steemit.com/steemitboard/@steemitboard/http-i-cubeupload-com-7ciqeo-png)!

properties (22)

`author`	steemitboard
`permlink`	steemitboard-notify-bluephoenix-20171013t222514000z
`category`	lisk
`json_metadata`	{"image":["https://steemitboard.com/img/notifications.png"]}
`created`	2017-10-13 22:25:15
`last_update`	2017-10-13 22:25:15
`depth`	1
`children`	0
`last_payout`	2017-10-20 22:25:15
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	696
`author_reputation`	38,975,615,169,260
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,619,586
`net_rshares`	0

@tonyh289 · Oct 10 '17

$0.04

nice post thanks for Informations, i have already invested in LSK and will more and more accumulate into this coin. upvoted and resteemed !

👍 bluephoenix, lily1608, cututu, pixidreamdust

`author`	tonyh289
`permlink`	re-bluephoenix-lisk-delegates-forging-rewards-and-halving-incoming-20171010t223641213z
`category`	lisk
`json_metadata`	{"tags":["lisk"],"app":"steemit/0.1"}
`created`	2017-10-10 22:36:42
`last_update`	2017-10-10 22:36:42
`depth`	1
`children`	0
`last_payout`	2017-10-17 22:36:42
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.029 HBD
`curator_payout_value`	0.008 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	139
`author_reputation`	6,806,668,129
`root_title`	"LISK - Delegates forging rewards and halving incoming"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	17,339,305
`net_rshares`	15,983,297,295
`author_curate_reward`	""

properties (23)vote details (4)

voter	rshares	pct
pixidreamdust	0	100%
bluephoenix	14,649,108,105	100%
lily1608	1,131,607,224	100%
cututu	202,581,966	100%

@vhorta · Apr 24 '18

Hello! The voting system is very important. The community must mobilize to elect the best delegates. We are seeing many who do nothing but enrich themselves.

properties (22)