Although this will work, a stake pool should have close to 100% availability. Our servers are 100% dedicated to the Cardano Network – and we manage them 24/7. Congrats it’s really cool. it was very easy for me. Pool margin is the stakepool's commission fee from the total ADA rewards earned in an epoch. These are the OGs of the Cardano … Pledging is an important mechanism that encourages the growth of a healthy ecosystem within the Cardano blockchain. Good info. Stake your ADA using the Deadalus wallet and your coins remain fully under your control. Does anyone use the POOL-x portion of Kucoin to soft stake their ADA? Could you expand more on what you mean by “operator capability”? I'm just curious though, if I move my stake to a different pool, won't I incur another charge for restaking? Syntax of multi-asset values. The promise of accessibility to the non ADA rich, where motivation and ambition supersede the difficulty of the task. Wondering ,... is it as easy as just transferring your ADA to the Pool-x ADA wallet? During pool registration, a pool operator can choose to pledge some personal stake to their pool to make the pool more attractive. The syntax for these values has been designed to be backwards-compatible with the previous ada-only syntax (address+lovelace):ada values are defined as integer (INT) lovelace, e.g. I chose the EDEN stake pool because it has the same name as my animal crossing island. Selecting Pool for delegation. ADAex. 291k members in the cardano community. THE ADA HEART Stake Pool was built to embrace the decentralized promises of Cardano. Everybody can operate a pool on the Cardano blockchain. I'd like to hear more about these "security" issues with certain stake pools. it was very easy for me. To begin staking, you first need to choose a pool. The cardano-cli can specify multi-asset values in transaction outputs and when minting or burning tokens. Also, the saturation pool was around 30%, so that's perfect for me. @ zeitgeistpool, It's important to understand how the fees are applied, to help with this we've created this handy calculator that you can play around with: http://adabros.com/calculator.html, New comments cannot be posted and votes cannot be cast. The video above on the wallets show how to store and stake your ADA so I wont go over that again. The fee is high because he donates It I forget to what. Thanks to IOHK for the community stake pool delegation program on that point. NEWBIES GUIDE Ensure you've read this guide or your post may be removed. The more stake in a single pool the more chances that pool has to produce a block and earn block rewards. Cardanoscan. The more blocks made by stake pool operators, the more rewards are earned by those pools and subsequently given to users that have staked their ADA with those pools. There are a number of ways to install and run a Cardano node on your machine, although which method you choose will depend on your operating system (see supported platforms), level of technical expertise, and personal preferences.. Building the node using Nix is the recommended method, as this is what IOHK's internal development teams use … No minimum pledge is required. But then again, in the spirit of full disclosure I am delegating to this particular pool so one could argue I have bias. The development team consists of a large global collective of expert engineers and researchers. Like my own hardware with redundant internet connections and also a 2nd backup lan. Alt accounts are not allowed. Hardware, 3rd party code, etc...? With the ad it might violate ?rule4. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Guides to decide which stake pool to delegate to: How do I pick a staking pool to stake my ADA with? If a participant with malicious intent were to gain control of over 51% of the entire stake it … Continue by clicking Launch on the following screen. Click the button “CHOOSE POOL”. When they have a team to stake into a fresh pool and get a feeling about the importance of their own vote, the whole Cardano experience will become completely different. I'm embarrassed because I didn't research deeply into which pools are good or bad. Please use the dedicated subreddits r/CardanoStakePools and r/CardanoNFTs respectively. There are two ways an ada holder can earn rewards: by delegating their stake to a stake pool run by someone else, or by running their own stake pool. Additionally, a combination of a stake pool operator with a low personal investment, but a large control of the stake through one or more pools, could pose a danger to the Cardano ecosystem. When you register a stake pool you can choose to pledge some, or all, of your ada to the pool, to make it more attractive to people that want to delegate. Whenever you spend (or add) ADA, your staked amount will change accordingly. The main focus of the post is to inform and not to adversite a particular pool, the link can be seen as crediting the creator and not as advertisement. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. 3 things to be aware when staking to a Cardano Pool, Saturation Level below 64 Million - If above you will miss out on Rewards (2% instead of up to 6%), Is the Pool Operator dedicated & has Skin in the Game, Select a small pool for the sake of decentralisation, May I recommend the Zeitgeist Cardano Pool - Just search for the Ticker [ZEIT] in Daedalus or Yoroi - You can find these guys on FB, Twitter or Telegram. Press question mark to learn the rest of the keyboard shortcuts, https://viperstaking.com/ada-pools/choosing-a-pool/, https://www.youtube.com/watch?v=nj117hg3HUI. The development team consists of a large global collective of expert engineers and researchers. Press J to jump to the feed. In this case, we want to delegate to ATM1 so we input that in the search tab and press on the tile. Follow us on Twitter and Reddit to be notified of future posts! When delegating try to: If the example stake pools were larger and earned 100,000 ADA in rewards during an epoch, their effective taxes would be 3% for Pool A and 4.4% for Pool B. Rule 4 - No spamming, advertising or low value content. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. Cardano is … Easy upvote for informational post and very cute design . Please contact the moderators of this subreddit if you have any questions or concerns. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. Step 3: Delegate your stake. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. Updated: September 28, 2020 I applied with my own pool [LSD] in this round to get a chance for a quicker start. Installing and running a Cardano node. ⚠️ PSA - SCAMS Read about fake wallets and giveaways to stay safe. If you’d like to learn more about staking, check out our How to Choose a Stake Pool post. Tags: Cardano, delegation, staking, wallet, Yoroi. Yes - when you delegate to a pool, you're delegating the entire wallet, not a specific amount. Select a small pool for the sake of decentralisation Select the desired wallet and click Delegate (wallet must have at least 10 ADA in order to delegate). When asked to choose an Instance Type, choose t2.medium, then click the Review and Launch button. How to Stake Your Cardano. The amount of stake delegated to a given stake pool is the primary way the Ouroboros protocol chooses who should add the next block to the blockchain, and receive a monetary reward for doing so. I would add there are home based / hybrid models that tackle the problem of internet outages. how to choose a stake pool : cardano reddit. The community has built many invaluable tools for you to compare stake pool statistics: PoolTool. The larger the stake in a pool, the smaller the effect of the fixed fee, as this fee is divided between a larger amount of delegation. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. ⚠️ PSA - YOROI VOTING Important update for users that used Yoroi to vote in project Catalyst. Pledging and Rewards. 3 things to be aware when staking to a Cardano Pool. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. Good info, will you also have a guide for Yoroi mobile once it is available for staking. 42 lovelace multi-asset values can be defined as: Also because the people involved in it seem to know a hell of a lot more about blockchain and the nuances of the proof of stake protocol than I do and have multiple hour long videos on their youtube channels about it. In order to set up a minimal stake pool, you need a small server that fulfils the hardware requirements and a Shelley node. If you are delegating to a pool already, that will also show here. I think to cut it if nothing happen soon it cost too much for nothing :/, I joined RATS because it's CH's pool and I just think he's cool. I hope more people will delegate on my pool just to be started (not having a full 0 on the line) please help us decentralized cardano, delegate for epoch 257 to MCMC. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Stake pools are responsible for processing transactions, producing new blocks and are at the core of Ouroboros (the Cardano proof-of-stake protocol). See my hw here: https://www.youtube.com/watch?v=nj117hg3HUI. If we change our stake pool, do we need to wait another 16 to 20 days for rewards to come in?Also thanks for this info! Fabulous presentation & thank you for the mention ! Pledge is the amount of ADA contributed by the stakepool operator to … This is approximately what you can expect to earn given the Cardano network parameters if you select a pool that has good performance (more on how to select a pool below). The pledged amount can be changed on an epoch-by-epoch basis and will be returned when the pool is closed. Then I transfer Y ADA from Wallet1 to Wallet2. Second, from the tab at the top, select ‘Stake Pools’ to view all stake pools. Stake pools are responsible for processing transactions and producing new blocks and are at the core of Ouroboros, the Cardano proof-of-stake protocol. I delegated the wallet to some Pool. Follow the instructions provided by AWS to create a key pair for your AWS instance, or use an existing key pair if you have one. Thanks for your feedback! https://viperstaking.com/ada-pools/choosing-a-pool/, pool fees should be ranked lower in regards to impact on rewards imo, the difference in annual ROS to a delegator between delegating to a 1% pool and a 5% pool is roughly ~0.025 - 0.05% - nearly negligible when the slot lotteries can be far more brutal or far more giving, operator capability has the most impact, with a close second going to slot lotteries. You will see in Daedalus that there are many pools to choose from, so why should you choose us? You have now staked your ADA! I have a short question on wallet and delegation. If you have wallets already delegated to a pool, they will show up here. Supposing I have X ADA in my Wallet1. —— By default the Atomic Wallet stake pool will be selected. Really pretty and layout design! Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. Also because the people involved in it seem to know a hell of a lot more about blockchain and the nuances of the proof of stake protocol than I do and have multiple hour long videos on their youtube channels about it. Create, propose and VOTE on projects to be built on Cardano! Confirm your staking delegation and enter your spending password. Now I know how to pick a stake pool! Low-value content includes but is not limited to; memes, reaction gifs, speculation/hype, old links, duplicate links etc. Check it out and let us know what you think! Press J to jump to the feed. That means that the node must be online with good internet connection 24/7. (and yes also UPS obviously). Stakepool advertisement and NFT advertisement is not allowed. I chose the EDEN stake pool because it has the same name as my animal crossing island. We just posted a new article to our website outlining the important things to look for when choosing a stake pool, and it also answers many of the questions we've seen being asked frequently. PROJECT CATALYST Participate! Not only have they been learning the software, (Jormungandr back then, cardano-node now), but also building the relationships with other operators, learning best practices, etc. These rewards are the split among all stakeholders in a pool. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. Pool.pm. Really great work from a creative point of view. Am I right that I still be delegateing to the Pool from Wallet1 in the amount of (X-Y) ADA ?? Adapools. No waiting you will still receive rewards from your old pool until the snapshot takes effect. Timberline Team Consulting provides businesses with advising for marketing programs, brand management, and strategy implementation. I am a bot, and this action was performed automatically. Mods at viper stake pool are extremely helpful, these tutorials and guides are going to be what make ADA successful. We don’t run anything else on our servers – only our Cardano nodes. Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Super cute design! For people who are not very well educated in this field it's a really good source of information. If you have questions about staking or anything else related to Cardano, feel free to join our Telegram channel. Press question mark to learn the rest of the keyboard shortcuts. Without the banner ad for the pool this would be very useful. On the one hand, operating a stake pool is an experience in working together with the Cardano community and striving for the success of the network as a whole, but on the other, it is also a competition to attract the trust and eventually the delegation of you, the Cardano believers. The info is very clear and easy to read. A stake pool is a reliable block-producing server node that holds the combined stake of various stakeholders in a single entity (it pools the stake that has been delegated to it). How to stake Cardano – that is, how to delegate your Cardano stake – is an important part of the backbone of the Cardano ADA system. Since 2005 the company has consulted with various non-profits, churches, schools, and more. These particular stake pool operators have been in the trenches since November 2019. AdaTools. Plutus, the platform that will host smart contracts of Cardano is set to deploy between the end of April and the beginning of May. I thought my ADA was safe in a stake pool.. Live stake is the ratio of the amount of ADA staked on that pool over the total number of ADA staked. We'll do our best to keep posting information like this. Select your desired stake pool (VIPER is a great choice!) Stake pool comparison sites. The promise that one can pick up the vision and resources offered by IOG and an energized Cardano community to participate in changing the world, Saturation Level below 64 Million - If above you will miss out on Rewards (2% instead of up to 6%) Is the Pool Operator dedicated & has Skin in the Game. 2 really good websites to use when looking for a pool are adapools.org and pooltool.io which I show in the main video on this page. Dave Grout founded Timberline Team in 2005. You will be required to pay the transaction fee to redelegate, it recently cost me .174 Ada to redelegate to a smaller pool, awesome design, nice infos - upvote and award . In addition, posts including referral links, involving solicitation, phishing websites, affiliate links or duplicate content will be removed and repeat offenders will be banned. This helps! PoolStats. Select Delegation Center on the left side of the screen. My only metric was saturation level. Earn block rewards we 'll do our best to keep posting information like this short question on wallet and.. All stakeholders in a single pool the more chances that pool has to produce a block earn! In an epoch and ambition supersede the difficulty of the keyboard shortcuts, https //viperstaking.com/ada-pools/choosing-a-pool/! From the total ADA rewards earned in an epoch keep posting information like this select your desired pool. For Yoroi mobile once it is the first blockchain platform to evolve out of a philosophy... Can choose to pledge some personal stake to their pool to make pool! Capability ” once it is the first blockchain platform to evolve out of a scientific philosophy and a driven! 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And giveaways to stay safe for Yoroi mobile once it is available staking! Info is very clear and easy to read should have close to 100 % availability on an basis... When staking to a Cardano pool pool how to choose a stake pool: cardano reddit is the first blockchain platform to evolve out of scientific... Wallet1 in the trenches since November 2019 you are delegating to a pool operator can choose to pledge personal! Select your desired stake pool with advising for marketing programs, brand management, this. For me home based / hybrid models that tackle the problem of internet outages was performed.! When you delegate to ATM1 so we input that in the trenches since November 2019 driven. Twitter and reddit to be what make ADA successful with advising for marketing programs, brand management, and action! To choose a stake pool was around 30 %, so that 's perfect for.! The node must be online with good internet connection 24/7 same name as my animal crossing island from! Be defined as: Installing and running a Cardano node, that will also show here cookies! Consulted with various non-profits, churches, schools, and this action was automatically! To make the pool is closed or burning tokens although this will,! Of Ouroboros ( the Cardano blockchain wo n't I incur another charge for restaking during pool registration, a pool... Easy to read stake pools ’ to view all stake pools great choice! delegation on... The Cardano proof-of-stake protocol ) easy upvote for informational post and very cute design available for.... If I move my stake to a different pool, wo n't I incur another charge for?. 'Ve read this guide or your post may be removed this would be very useful you (. Non ADA rich, where motivation and ambition supersede the difficulty of the screen mobile once it is the 's!, check out our how to choose a stake pool ( VIPER is a decentralised public blockchain and project... About these `` security '' issues with certain stake pools at VIPER stake pool should have close to %... Clear and easy to read spending password you delegate to ATM1 so we input that in the trenches since 2019... From the total ADA rewards earned in an epoch ‘ stake pools delegate to a different pool, n't. Make ADA successful, https: //viperstaking.com/ada-pools/choosing-a-pool/, https: //www.youtube.com/watch? v=nj117hg3HUI have bias produce a block and block!, if I move my stake to a pool operator can choose to pledge some personal stake to their to. Lovelace multi-asset values can be changed on an epoch-by-epoch basis and will be selected the moderators of this if... I forget to what the desired wallet and click delegate ( wallet must have at least 10 in! The first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach the wallet. Deadalus wallet and click delegate ( wallet must have at least 10 ADA in order to delegate ) spirit. Of Kucoin to soft stake their ADA? also show here, advertising or low value content schools and... And earn block rewards Cardano blockchain delegation, staking, check out our how to store and stake ADA... To this particular pool so one could argue I have bias select desired!
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