Current Node Operator Earnings

fredlee · 13 March 2024 10:48

Mar 2024

Active Validators: 3807

PRV/WEEK: 15.29

APR: 45%

Historical data

(earnings per node)

`month`	`nodes`	`prv/week`	`APR`
`Mar 2024`	`3807`	`15.29`	`45%`
`Feb 2024`	`4182`	`15.83`	`47%`
`Jan 2024`	`4705`	`15.66`	`47%`
`Dec 2023`	`4715`	`16.42`	`49%`
`Nov 2023`	`4799`	`16.61`	`49%`
`Oct 2023`	`4833`	`17.58`	`52%`
`Sep 2023`	`4818`	`18.70`	`56%`
`Aug 2023`	`4823`	`16.25`	`48%`
`Jul 2023`	`4780`	`18.88`	`56%`
`Jun 2023`	`4653`	`17.43`	`52%`
`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`
`2024-03-02`	`3807`	`15.29`	`45%`	`0.10`	`$7`
`2024-02-23`	`3890`	`14.07`	`42%`	`0.10`	`$6`
`2024-02-15`	`3973` *	`17.68`	`53%`	`0.11`	`$8`
`2024-02-08`	`4685`	`15.74`	`47%`	`0.11`	`$7`
`2024-01-31`	`4696`	`12.14`	`36%`	`0.12`	`$6`
`2024-01-20`	`4711`	`16.25`	`48%`	`0.13`	`$9`
`2024-01-13`	`4706`	`16.02`	`48%`	`0.13`	`$9`
`2024-01-05`	`4707`	`18.22`	`54%`	`0.13`	`$10`
`2023-12-29`	`4701`	`15.28`	`45%`	`0.13`	`$9`
`2023-12-21`	`4722`	`16.56`	`49%`	`0.13`	`$9`
`2023-12-13`	`4720`	`17.85`	`53%`	`0.13`	`$10`
`2023-12-06`	`4721`	`15.99`	`48%`	`0.13`	`$9`
`2023-11-28`	`4733`	`13.65`	`41%`	`0.13`	`$8`
`2023-11-18`	`4776`	`17.11`	`51%`	`0.13`	`$10`
`2023-11-10`	`4843`	`18.30`	`54%`	`0.13`	`$10`
`2023-11-03`	`4845`	`17.41`	`52%`	`0.13`	`$10`
`2023-10-26`	`4838`	`16.54`	`49%`	`0.13`	`$9`
`2023-10-18`	`4833`	`18.22`	`54%`	`0.13`	`$10`
`2023-10-10`	`4833`	`18.06`	`54%`	`0.13`	`$10`
`2023-10-03`	`4828`	`17.49`	`52%`	`0.13`	`$10`
`2022-09-24`	`4817`	`18.78`	`56%`	`0.13`	`$10`
`2022-09-17`	`4816`	`20.30`	`60%`	`0.13`	`$11`
`2022-09-10`	`4819`	`17.48`	`52%`	`0.13`	`$10`
`2022-09-01`	`4822`	`18.25`	`54%`	`0.13`	`$10`
`2022-08-24`	`4843`	`18.74`	`56%`	`0.13`	`$10`
`2022-08-16`	`4845`	`11.55`	`34%` **	`0.13`	`$6`
`2022-08-03`	`4780`	`18.45`	`55%`	`0.13`	`$10`
`2022-07-25`	`4780`	`20.03`	`60%`	`0.13`	`$11`
`2022-07-16`	`4780`	`19.05`	`57%`	`0.14`	`$11`
`2022-07-08`	`4780`	`17.56`	`52%`	`0.13`	`$10`
`2022-06-30`	`4632`	`19.18`	`57%`	`0.14`	`$12`
`2022-06-21`	`4603`	`16.40`	`49%`	`0.13`	`$9`
`2022-06-11`	`4667`	`17.04`	`51%`	`0.15`	`$11`
`2022-06-01`	`4711`	`17.08`	`51%`	`0.16`	`$12`
`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`

* Started counting active nodes instead of just staked
** Dip because of nodes getting stuck syncing
*** Increase due to committee size change

fredlee · 8 March 2022 11:30

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 · 9 March 2022 19:11

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

fredlee · 28 March 2022 12:22

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 · 28 April 2022 19:21

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 · 29 April 2022 01:38

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 · 29 April 2022 07:38

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 · 29 April 2022 07:41

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 · 29 April 2022 07:45

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 · 29 April 2022 14:03

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.

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.
Follow the “Setup your Infura” instructions in the post
Then try the “Method 1: One-line command, interactive setup”

Mike_Despo · 2 May 2022 22:27

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 · 4 May 2022 14:30

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 · 10 May 2022 22:12

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%.

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.
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 · 10 May 2022 21:19

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 · 11 May 2022 13:23

Buy the dip, spin up more nodes!

fredlee · 1 June 2022 11:30

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 · 13 June 2022 09:35

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 · 13 June 2022 09:00

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

fredlee · 15 July 2022 13:59

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 · 25 July 2022 08:40

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.