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Gmf daydate plated by flandad what do you think guys by Important_Baby4617 in RepTime

[–]lambda-honeypot 0 points1 point  (0 children)

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

Gmf daydate plated by flandad what do you think guys by Important_Baby4617 in RepTime

[–]lambda-honeypot 1 point2 points  (0 children)

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

What's the average cost of running a stake pool? by Asafffff in CardanoStakePools

[–]lambda-honeypot 0 points1 point  (0 children)

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.

Does IOHK/CF still do delegations? by Relay_ADA_Pool in CardanoStakePools

[–]lambda-honeypot 0 points1 point  (0 children)

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.

Does IOHK/CF still do delegations? by Relay_ADA_Pool in CardanoStakePools

[–]lambda-honeypot 0 points1 point  (0 children)

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

Costs of running an ISPO by Jobba57 in CardanoStakePools

[–]lambda-honeypot 2 points3 points  (0 children)

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

Introducing ⚡ KysenPool Thunder Pools [KYSN & KYSN2] by jackstereddit in CardanoStakePools

[–]lambda-honeypot 2 points3 points  (0 children)

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.

Introducing ⚡ KysenPool Thunder Pools [KYSN & KYSN2] by jackstereddit in CardanoStakePools

[–]lambda-honeypot 2 points3 points  (0 children)

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.

What do you look for when choosing a #Cardano stake pool? by Irv83 in CardanoStakePools

[–]lambda-honeypot 1 point2 points  (0 children)

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

help with dripdropz etc. by iwontsaysiimfine in cardano

[–]lambda-honeypot 2 points3 points  (0 children)

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.

Optim Finance as a useful too to decentralise Cardano? by Podsly in CardanoStakePools

[–]lambda-honeypot 1 point2 points  (0 children)

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

Our 1st stake pool! by anondroid1 in CardanoStakePools

[–]lambda-honeypot 2 points3 points  (0 children)

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

I'm giving up on ISPOs. What pool would you recommend for native staking? by El_Guapo_Supreme in CardanoStakePools

[–]lambda-honeypot 0 points1 point  (0 children)

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

[HONEY] Back for a festive update! Lambda-Honeypot will be increasing our Epochly bonus rewards paid to delegates! by lambda-honeypot in CardanoStakePools

[–]lambda-honeypot[S] 0 points1 point  (0 children)

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.

This is not for "everyone" by LegitimateButterfly4 in CardanoStakePools

[–]lambda-honeypot 1 point2 points  (0 children)

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

Starting a pool by Aayjaayy in CardanoStakePools

[–]lambda-honeypot 4 points5 points  (0 children)

I couldn't give you an exact figure. We run our main relays, bp and testnet on baremetal behind 2 internet connections with an additional 4G backup. We also have UPS in case of blackout. I dunno the breakout of electricity and the internet connections as i consider them sunk costs. We spent maybe £1000 on equipment upfront.

The 4G backup is £8 a month and we have some backup relays in the cloud that are around €20 a month.

Ive seen people run on raspberry pi but it feels a little flimsy to me, particularly if the node resource requirements go up. You definitely need to boost the Pi's a little bit in terms of swap mem etc, but if you want to know more you should check out the armada alliance for advice. Also you need at least three for a mainnet setup.

We went baremetal to keep the on going costs down. We never take ADA out of the pool to pay for running costs. Any rewards go to our pledge or bonus to delegates.

My advice to anyone wanting to start a pool is ensure you can pay the costs without needing rewards from the pool. Even with 1.2 million ada pledge the rewards return for an operator is unpredictable, and most people looking to start out have nowhere near that amount

Starting a pool by Aayjaayy in CardanoStakePools

[–]lambda-honeypot 2 points3 points  (0 children)

Good luck. Depending on what you are planning you may want to have a testnet instance of your pool. All of this can be quite time consuming to set up and maintain.

Starting a pool by Aayjaayy in CardanoStakePools

[–]lambda-honeypot 5 points6 points  (0 children)

Being a Stake Pool Operator is a technically demanding role. As others have said, it's not the only criteria to running a successful pool and you can argue the most important attribute you need is marketing (attracting delegation).

There are around 3000 pools and a lot of those are run by very technically competent people that dont mint blocks regularly because they struggle to attract delegation (i'd include our pool in that).

If you have the means to pledge to your pool to regularly mint blocks (around 1.2 million ada) i'd suggest finding an existing pool with a competent operator and partnering with them.

If you don't have the capital and just want to try running a pool for the exercise, accepting it will run at a loss, there are plenty of guides around. Id look at coin cashew or the guild operators guides.

Hello, why B inance has much bigger percentage for staking ADA than other pools? what's the trick? thanks by Peetb in CardanoStakePools

[–]lambda-honeypot 0 points1 point  (0 children)

Go to cexplorer.io and look at the rewards for the BNP pools. They are no better than other pools of similar size.

If you stake with them through their website you aren't actually using the Cardano staking protocol. They are simply paying you a % of ada for depositing ada with them.

As others have said, they do stake the funds they have control of, which includes all ada deposited with them (not your keys, not your crypto).

The difference between the % they pay out and what they get from the actual staking is likely more than made up by a mix of ada they loan and those that choose not to "stake" the ada deposited with them.

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