Current Node Operator Earnings

[fredlee]

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May 2023

Active Validators: 4714

PRV/WEEK: 16.97

APR: 50%

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Historical data

(earnings per node)

month		nodes		prv/week		APR
May 2023		4714		16.97		50%
Apr 2023		4602		17.89		53%
Mar 2023		4695		17.14		50%
Feb 2023		4634		17.45		52%
Jan 2023		4138		22.17		66%
Dec 2022		3314		25.10		75%
Nov 2022		3109		26.75		79%
Oct 2022		3058		25.51		76%
Sep 2022		2967		26.62		79%
Aug 2022		2935		26.09		77%
Jul 2022		2747		29.87		89%
Jun 2022		2462		29.26		87%
May 2022		2305		31.00		92%
Apr 2022		2242		23.75		71%
Mar 2022		2143		17.80		53%
Feb 2022		2119		16.20		48%
Jan 2022		2083		16.83		50%
Dec 2021		2119		16.90		50%

Details

date		active		prv/week		APR			$/PRV	$/month
2022-05-22		4717		15.34		46%			0.16	$11
2022-05-11		4713		18.66		55%			0.16	$13
2022-05-02		4712		16.91		50%			0.17	$12
2022-04-21		4696		17.26		51%			0.18	$13
2022-04-11		4587		20.58		61%			0.18	$16
2022-04-02		4522		15.84		47%			0.19	$13
2022-03-21		4683		17.30		51%			0.22	$16
2022-03-10		4706		16.99		50%			0.19	$14
2022-02-27		4620		16.14		48%			0.23	$16
2022-02-15		4683		18.54		55%			0.26	$21
2022-02-04		4598		17.67		53%			0.25	$19
2022-01-24		4502		17.90		53%			0.24	$18
2022-01-13		4264		21.70		64%			0.22	$20
2022-01-03		3647		26.91		80%			0.19	$22
2022-12-26		3458		26.25		78%			0.20	$21
2022-12-18		3334		22.63		67%			0.18	$17
2022-12-08		3150		26.43		79%			0.21	$24
2022-11-30		2999		22.23		66%			0.22	$21
2022-11-20		3084		26.42		78%			0.24	$27
2022-11-11		3220		30.93		92%			0.28	$37
2022-11-03		3133		27.40		81%			0.35	$41
2022-10-25		3188		24.79		74%			0.36	$38
2022-10-16		2956		26.13		78%			0.36	$40
2022-10-06		3032		25.61		76%			0.40	$44
2022-09-26		3051		27.94		83%			0.39	$47
2022-09-17		2924		26.65		79%			0.39	$45
2022-09-07		2926		25.26		75%			0.38	$41
2022-08-27		2916		27.70		82%			0.38	$45
2022-08-17		2956		23.90		71%			0.45	$46
2022-08-05		2934		26.66		79%			0.44	$50
2022-07-25		2934		28.33		84%			0.43	$52
2022-07-14		2759		33.80		100%			0.40	$58
2022-07-05		2548		27.47		82%			0.38	$45
2022-06-24		2494		28.58		85%			0.40	$49
2022-06-13		2508		28.43		84%			0.41	$50
2022-06-01		2386		30.78		91%			0.53	$70
2022-05-21		2329		31.41		93%			0.54	$73
2022-05-10		2281		30.59		91%			0.62	$81
2022-04-28		2314		27.95		83% *			0.76	$91
2022-04-16		2170		19.54		58%			0.77	$64
2022-03-28		2151		19.14		57%			0.82	$67
2022-03-08		2134		16.47		49%			0.69	$49
2022-02-12		2119		16.20		48%			0.71	$49
2022-01-24		2083		16.83		50%			0.69	$50
2021-12-27		2119		16.90		50%			1.01	$73

* Increase due to committee size change

[fredlee]

I wanted to share my real-world empirical data from running nodes. Unfortunately I’ve only recorded statistics since December. I am not using APY because based on 1750 PRV to setup a new node, it’s very dependent on how many nodes you have. If it’s your first node, it will take you two years before your earnings can pay for a second one.

I’ll update it, but at what will seem like random points in time. Because I cannot follow a schedule

[Mike_Despo]

Looks about the same as mine as well. Good to know they match.

[fredlee]

I just noticed an error in my calculations. I was including a node that does not earn, which resulted in a lower PRV/node than it should be. I fixed it in my historical data as well.

In Mars my nodes saw quite an increase due to the https://we.incognito.org/t/block-production-v3/16141 reward changes. I’m currently at 57% APR, which coupled with the PRV price increase almost has me up to the same $/month as last year.

The upcoming committee size change is expected to push this even higher.

[fredlee]

For the past two weeks, I have had a lot of problems with my nodes. I have had mass slashings and lost rewards as well as time because I have had to restake them. The reason for this is that I was not prepared for the new larger committee size. I’ve always pushed my hardware to the limit and have been doing so successfully over the past year. When the committee size increased, it meant that my nodes started going into committee more often and also stayed active longer. Combined with the ever-growing size of the full blockchain, my hardware reached its breaking point.

Since the approach of this thread has always been focused on real-world empirical data, I will not recalculate or compensate for any of these problems as it is part of the reality of hosting a validator. Shit happens.

I’m currently in the process of building a replacement server and testing out the new database modes, trying to find a new balance of how hard I can push each host. Over the next couple of weeks, I hope I can get my nodes stable so we get more accurate earning numbers.

Now for the good news, as @SPAddict25 would have put it…

NODES GO BRRRRRRRRR!

Despite my hosting problems, my nodes are earning like crazy! I had to double and triple-check my numbers, but they are correct. It’s a good time to host validators!

We can also see that I’m not the only one that has realized this, because we have almost 150 new nodes in 12 days.

[SPAddict25]

Being a node validator now allows you to enjoy the feeling of earning a yield akin to investing in a defaulted emerging market bond where el presidente has fled away in exile.

What a time to be alive

[Will]

Is it still 1750 to run a node like it was last year? Now that PRV is cheaper it is now significantly cheaper to start one up right? Sorry, I haven’t been on forum in about 6 months or longer back when PRV was around $3.

[SPAddict25]

Yes 1750 prv to start your own vnode. Plus a super small amount for transaction fees i.e. use the faucet or just have an additional 0.1 in the account.

[Will]

How about an update guide for setting one up. I haven’t been on the forum in a long time so I’m sure it’s all new. Was hoping to host one from a NUC or computer at home instead of buying VPS space

[fredlee]

https://we.incognito.org/t/how-to-setup-your-own-node-in-a-blink-of-an-eye-now-support-multi-nodes-per-host/12003

All you need is in the top post.

1. Setup a Linux server with at least 8GB memory, and 500GB SSD. I run Ubuntu 20.04, but if you’re used to any other flavor, just go with what you know. The only thing the server needs is an SSH connection, I do not recommend selecting any other package (like docker) during the Ubuntu setup.
2. Follow the “Setup your Infura” instructions in the post
3. Then try the “Method 1: One-line command, interactive setup”

[Mike_Despo]

@fredlee

PRV/WEEK: 30.02

APR: 89%

This is exactly the stats I have from my current records.

Average PRV earnings per node is up almost x2. Before I was averaging about 17PRV per node, per week, over an 8 month period.

As more nodes come online, this will obviously decrease. So, good to be or become a validator right now.

[brico84]

Ya, its insane right now. i don’t have my numbers, but I know it is a lot more than a couple months ago. Decided to turn my forthcoming earnings in to new nodes instead of cashing out like I have been. The re-investment seems worth it currently.

Hope these numbers stay like this for the foreseeable future!

[fredlee]

After having another 6 nodes slashed and restaken on my old server, I finally got fed up and decided to retire it. Those nodes are now running on new hardware, using the beta-version with lite database mode and ffstorage enabled. There are still memory leaks in the beta version, but as a workaround, I restart them periodically.

I’ve found that it delivers extremely consistent vote results. As seen in the last_votes column in the screenshot below, I have 100% on all nodes on this server, which I must say is actually a first.

Now for the numbers… I realized two problems with my calculations and have adjusted the past number down from 89% to 83%.

1. I included newly staken nodes that were still in syncing pool and had not yet had any chance to be in committee. Which is kinda unfair, so I will not include them anymore.
2. I rounded to whole days, instead of the actual time of day when I created the report. It did not matter that much when I only did a report every month, but as I now update weekly or bi-weekly, I decided to use a more correct timestamp.

With less slashing and the number of active nodes dropping to 2281. I’m up to 30.59 PRV/week, that means the 1750 PRV for a node is doubled in 57 weeks giving us 91% APR!!!

All in all, still insane earnings and a very good time to be hosting nodes!

[Jared]

Thank you @fredlee for putting this together. It is a great reference post to share with potential new node hosters.

Incognito Nodes Go MOON!

[brico84]

Buy the dip, spin up more nodes!

[fredlee]

These past weeks I have restaked every single one of my nodes. This resulted in them being placed in sync pools for 25 epochs and I lost some earning time because of it. Despite this, the numbers are holding up well

So why did I restake them all? I talked about it here previously. But in short, I wanted to separate my PRV funds from my nodes by putting them all under a different master key.

Now my nodes are running smooth, with no slashing and I have no plans to restake or restructure in the coming weeks. Time to break a record!

[fredlee]

Looks like 93% was the peak, now we’re, unfortunately, dropping in both PRV and $. Pending queue has increased by 7% due to new nodes coming online. We also dropped 20-25% in reward on some shards for some reason.

[SPAddict25]

The drop in PRV rewards seems to be localised to shard 5. Shard 3 is now back to normal earnings rate.

[fredlee]

I honestly do not know what happened this past week but my numbers are up quite a lot. I double and triple checked them. Could be because I had to restake some nodes previously and they are now all back earning. I’ll post new numbers in 10 days and we’ll see how it’s going.

[fredlee]

Looks like the last rounds high earnings was a fluke. Now back to 84% APR. There has also been a 10% increase in the amount of active validators and I’m getting 78+ Epoch pending times now, so we most likely have an earnings drop coming.