Increased validator earnings ¶
Recently the Foundation made the following changes:
- increased validators’ share of rewards
- increased maximum commission limit for Team Multipler-backed nodes (from 18% to 22%)
What does it mean for UNITED-VALIDATORS nodes?
Nodes earn a bit more - 260xx/day compared to 240xx/day, for example.
I haven’t adjusted any of node three nodes’ commission, passing that increase to nominators to a larger extent than fellow validators.
But maybe I’ll up commission to 19.9% later this month.
Geo-Multiplier update in era 504 ¶
These are always controversial because geo-bins are large and multipliers based on averages, so there are always nodes that do much better than “the average” node in their geobin.
Then all it takes is a large geo-bin with uneven performance to have quite a few nodes from that geo-bin appear on the Top 20 page.
After this adjustment, it’s Russia: top nodes are at the top, but even after the adjustment on average Russian nodes make average earnings.
Central Europe is still “a problem” for the same reason Russia is: Bulgaria and Lithuania are in the same region, so Lithuanian nodes are making a killing while “on average” Central Europe doesn’t stand out.
Western Europe received a 0.09x change this time. That region was suffering for the longest time.
How does this update impact UNITED-VALIDATORS nodes?
Not a significant change for nodes in EasternAsia, and Japan is a lower-performing part of EasternAsia due to its distance from Europe compared to Singapore, so geo-multiplier at best compensates it for some of that distance (latency) penalty.
Future geo-multiplier updates ¶
The xx Council is supposed to update GM every month, but I think this is only the 3rd update since mainnet launched.
With this update, people are still unhappy and asking for adjustments, so it is to expect the council will be pushed to perform its duty more regularly than before.
The xx Council will likly update geo-multiplier next month and there are calls to manually adjust “obviously wrong” values rather than stick to output from the official script that doesn’t eliminate outliers.