#buildteam

BuildTeam realises cost savings with MIRA infrastructure

The STEEM price has been dropping for a while, but that is not a reason to despair. As long as we're all sticking around and keep working to improve the ecosystem and available DApps, there's always hope for better days and another bull run.

Until then, it's necessary to save money wherever possible.

Those of you who have our BUILDTEAM token staked might have noticed that the STEEM payouts dropped over time, despite the BuildTeam universe flourishing and growing. This drop is directly tied to the STEEM price.

Payouts to token-holders happen after we've paid off the running costs for the BuildTeam infrastructure.

To reduce the impact of the currently low price, we've looked at all of our expenses in detail and put a lot of energy and time towards reducing cost as much as possible.

Without having official headquarters and all our developers working remotely, those savings couldn't come from rent or utilities. Instead, we removed GitHub spots of developers with low or no activity, cancelled low usage G-Suite accounts, and updated our servers.

The last improvement was only possible thanks to MIRA and Hivemind, which lowered the RAM requirements for servers running STEEM nodes.

The change enabled us to run our RPC nodes at a lower cost with the same performance because servers with high memory are very expensive.

Even under heavy load (for our purposes), RAM usage is now at 10 GB/64 GB on both Hivemind servers.

Below is a comparison between our old and our new servers:

Old servers:

$244.58 each per month x 2

320 GB of memory usage (256 GB RAM, rest on swap)

New servers:

$75 each per month x 2

64 GB RAM

Cost savings should kick in by next month and we hope that our actions will allow us to balance out the lower STEEM price, until it reaches higher values again.

Our goal is to still provide reliable STEEM payouts every two weeks to everyone who has staked the BUILDTEAM token.

Thank you for trusting us!

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Comments · 11

@felander(73)· 2568d
Always happy to hear that the build team is working hard and that the amount of payouts will rise. I had noticed the drop and the clarification helps build confidence

Posted using Partiko iOS
@crypto.piotr(65)· 2569d
Dear @buildteam

I love your optimism guys. And you managed to cut costs quite well. Inspiring.

Cost savings should kick in by next month and we hope that our actions will allow us to balance out the lower STEEM price, until it reaches higher values again.

I thought about idea of launching token on Steem-engine vs SMT and I presume you guys have more knowledge in that subject. So perhaps you can correct me if I'm wrong.

My impression is that all tokens build on SE would suffer because of steady STEEM selling pressure and SMTs would be the only solution allowing tokens to be fully "disconnected" from that problem. Is that correct?

Yours, Piotr
@lanzjoseg(78)· 2570d
Hi @buildteam

Wow This information is great news, in addition the performance with the cost value is not lost.
@arcange(79)· 2571d
Congratulations @buildteam! Your post was mentioned in the Steem Hit Parade in the following categories:
- Upvotes - Ranked 5 with 1468 upvotes
- Pending payout - Ranked 7 with $ 45,97
@steem-plus(74)· 2571d
Hi, @buildteam!

You just got a 0.27% upvote from SteemPlus! To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn. If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
@ash(74)· 2571d
some more ideas to cut costs
- replace github with gitlab
- replace g-suite with https://blockstack.org/ (bonus decentralized + blockchain secured)
@angelica7(76)· 2572d
It is positive to have information that everything will be better in our beloved steem platform and that teams like you keep working hard. Good vibes.
@synrg(66)· 2572d
@steemitboard(66)· 2572d
Congratulations @buildteam! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published more than 90 posts. Your next target is to reach 100 posts.

_{You can view your badges on your Steem Board and compare to others on the Steem Ranking} _{If you no longer want to receive notifications, reply to this comment with the word STOP}

To support your work, I also upvoted your post!

Vote for @Steemitboard as a witness to get one more award and increased upvotes!
@alageraldine(47)· 2572d
Buena información y apoyo
@newageinv(74)· 2572d
I had noticed the reduction in payout but knew that the efforts continue to maximize results. I appreciate the transparency in disclosing the great progress in these efforts. I believe the continually investment will create a solid foundation to build upon when things improve. Looking forward to the future with team as I look to get some more tokens as well; any update as to staking on the Steem Engine token? Thanks!

Comments · 11

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