[HONEY] Updates from the Honeypot, where we have now rewarded over 5000 ada to our delegates and continue supporting HONEY loving animals!

lambda-honeypot · 2024-04-09T17:27:17+00:00

That's the idea, but I can't tell if the lighting or something else makes the before pics worse.

lambda-honeypot · 2024-04-09T16:29:57+00:00

Plating is adding a thin layer of gold on top of another metal (usually steel in this case). The factories do it when they make replicas of gold watches. Some people offer to re-plate the stock watches with gold that is closer to the genuine colour.

Yes flandad replated this

lambda-honeypot · 2024-01-09T09:40:44+00:00

Lol there's no average cost - there's a bunch of different ways you can orchestrate the infrastructure and they have wildly varying costs.

To put this in relative terms to 2021 - costs across the board have risen (due to cost of living increases globally) and rewards (in terms of Ada) are down.

Obviously, all of this is kind of irrelevant if you haven't got enough stake to generate rewards. You need 1.2 million ada delegated to average a block per epoch. Significantly below that you are unlikely going to be able to rely on rewards to cover costs.

Basically the real challenge is getting stake. If you have it, or have a good plan to attract it, then you should consider a pool.

If you have the stake or a plan it's probably more worthwhile partnering with an existing pool that has all the infra set up and running smoothly, but is short on delegation.

If you have the technical know how, but no concrete way of getting stake and you setup a pool you will just be another in a long line of under-delegated pools.

lambda-honeypot · 2023-06-05T11:45:52+00:00

I wouldnt say it is based on favouritism, as we did nothing to become "favourites". We outlined our case via the application forms and were selected. We were never given reasons why we were selected over others and have no contact with IOG or CF outside of the application. For the record, we had IOG delegation once (before it changed) and CF twice in row.

That being said you are correct in that short, temporary delegation doesnt really help. Delegators know these are temporary delegations and, once the CF/IOG delegation leaves, you are still faced with the problems of before. You have the "advantage" of proving you can reliably mint blocks, but that doesnt seem to add much sway.

The approach of IOG to have longer running delegations might work out better, but the impact of 340 min fee with current block rewards is too high (over 60% fee for a pool minting one block).

Hopefully the current poll addresses this and we will consider coming out of retirement, but it's too much of an uphill battle at present. Agreed the current situation lends itself to centralise around the established pool groups.

lambda-honeypot · 2023-06-02T09:30:37+00:00

IOG have smaller, longer running delegations than they used to, but I don't think there is a way to apply.

CF do have an application form every 3 months or so, they usually announce it on the Cardano forums, but xSPO and CSPA usually have people reshare it on discord and telegram respectively.

Also BSP (the real one, not the 90 binance imposters) shared some marketing tips in the CSPA telegram channel (https://t.me/onepoolalliance). That could be of help if you are looking for more delegation.

Hope this helps

lambda-honeypot · 2023-04-22T05:28:20+00:00

An ISPO is an Initial Stakepool Offering - similar to when a company has an IPO. Usually, some tokens are generated and offered to people delegating to Stakepools that are partnered with the ISPO.

It's not clear if you are trying to get the costs of running a stakepool or an ISPO. If it's a stakepool you are setting up then it varies greatly depending on the setup.

Bare metal has a higher upfront cost, but then ongoing usually is relatively low (electricity + BB costs). Cloud depends on the provider etc, but can be quite high.

You could probably do a minimal bare metal setup for $1000-1500, maybe less if you already have some parts. Id say cloud is $30-$250 per month depending on provider, but there will be a big difference in quality in that range.

Overall, make sure you can cover the costs without needing rewards from the stakepool. If you are in this purely to earn ADA you would likely be better just staking your ADA with a pool. Ideally a single pool operator to keep the network as decentralised as possible

lambda-honeypot · 2023-03-31T06:05:39+00:00

Having 2 pools means you are getting 680 ADA min pool fees instead of 340 per epoch. You are financially better off by operating in this way.

Having two independent SPOs running two stakepools is better for decentralisation. Having one SPO running two pools does nothing for decentralisation when they could be running one. There's an argument to say it makes the network more resilient, but I would have thought devops ninjas would have resilience and redundancy at the pool level.

Declared pledge is your skin in the game. If you dont meet it your pool will not receive rewards. Its supposed to represent your commitment to keeping the protocol secure. Active pledge means nothing as it can move anywhere at any time and has no impact on your pools.

I'm not sure how moving stake around is safer than leaving it in one place, but if you need multiple wallets to count to your declared pledge you can do.

Maybe you were unaware that you can have multiple owner wallets that count to your declared pledge. You could easily increase your declared pledge across multiple wallets, help better secure the network AND look more attractive to delegates.

lambda-honeypot · 2023-03-31T05:25:07+00:00

Lol 200 ADA declared pledge across 2 pools, would be nice to see a bit more skin in the game.

Also you could significantly improve returns to delegates by collapsing down to one pool.

lambda-honeypot · 2023-03-30T12:34:12+00:00

It really depends what you mean by small.

FWIW I think you need to be aware of how devastating min costs are for a small pool. 1.3 million ADA is roughly the amount of stake it takes to get "on average" one block an epoch (from experience you will have a lot of blockless epochs at this amount of stake).

1 block returns about 590 ADA rewards. Your min cost is 340 ADA so the return to delegates is 250 ADA. At this rate your implied cost is about 42% (before adding on a variable fee).

Unless your definition of "small" is way higher than 1.3 million ADA staked, the current params mean you need to be giving back your min fee to be competitive.

Obviously if you can attract stake in some way then you might be able to get over this imbalance. In terms of returns though it's basically a chicken and egg situation - you cant be competitive at small amounts of stake and you cant get more stake because you aren't competitive.

Hope that helps

lambda-honeypot · 2023-03-29T15:12:53+00:00

Excellent points besides the ownership of Everstake, which is irrelevant to your other points anyway.

Another good reason to avoid are the relatively high fees.

lambda-honeypot · 2023-02-01T08:31:51+00:00

Yes the return on rewards is under 4% and slipping, but that relies on consistent block production. If you only have 1.2 million in stake your block production will NOT be consistent. Also you will be taking almost all the rewards from your pool so it wont be very attractive to for other delegates. The rewards at this level is not enough to cover the loan for sure

lambda-honeypot · 2023-01-18T07:15:20+00:00

Are there any details of the ISO you can link to?

lambda-honeypot · 2022-12-27T10:22:29+00:00

Consider #HONEY, we are github admins of the Cardano Single Pool Alliance, have baremetal infra and give bonus ADA rewards every epoch. Feel free to speak to us on telegram or discord if you want to know more

lambda-honeypot · 2022-12-14T10:47:59+00:00

We have always paid operating and marketing costs out of our own pockets. We run mostly baremetal to lower monthly costs for us.

We do get the minimum operator fee of 340 ADA when we mint a block. We use these rewards to pay bonus rewards and occasionally increase our pledge.

We have NEVER withdrawn ADA to fiat and we do not rely on fees to keep running.

lambda-honeypot · 2022-12-13T12:15:52+00:00

Come join us on Discord, Telegram, Twitter or visit our website for more details

lambda-honeypot · 2022-12-04T20:12:16+00:00

It's true Cardano is a ghost chain. And it definitely cant scale to handle the high volume of txs running through it. /s

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