Excellent Paul! Yep, we had a great 14.4% from the last epoch with only 1.75M in the pool. Superb return and our delegators were real excited by the return.
What about compounding? If a pool gets rewards consistently, the rewards will compound as you get rewards on rewards. Like compound interest, right. If you skip some epochs, you slow that compounding effect.
Would you recommend bouncing from new small pools to optimize returns? example: Pool 1: 20% then 1 month later go to Pool 2 and get 15% hypothetically?
No I wouldn't recommend that as there is no way to judge which small pool is going to get rewards. You could end up missing a lot more rewards than you get as when you move pools its not instant and takes a few epochs to kick in
Hey David, basically I run a stake pool in the network under the ticker PAUL. With Cardano staking most pools will average out to 5% - 5.5% rewards for delegators over the year. I have an FAQ page and video here that might help more on staking too - www.cardanowithpaul.com/cardano-staking-faq-ultimate-guide/
Hey Jimmy, the 340 is taken from the total pool rewards and the remainder is then split between the delegators. I cover the different fees in this video as well - czcams.com/video/ksdVA15meHw/video.html
Good video. Just a comment to the list of high Lifetime ROA being small pools. It will always be, as small pools continue to start up, and produce one or 2 blocks, their "Lifetime" is very short. The Lifetime of the majority of larger pools will always be from the Fall of -20. I agree though with supporting smaller pools! Also supporting single pools. Is your pool up and running yet?
Ya what I see over the last while is the pools that are successful generally average between 5% - 5.5% over the long term. Yes my pool is up and running. I do have 2 now PAUL and PAUL1
Dear Paul, I just downloaded Daedalus with intentions of staking to your pool. But transfered my ADA and got message on the wallet to upgrade to 3.3.0. Do you think this is genuine? I'm a bit worried.
As a newb it is difficult to understand the stake pools. One thing that is not easy to see, is what each pool does. Maybe I want to support dev in Africa. Maybe I want to just make the highest interest. Maybe there is a topic or direction i want to support... there are so many pools it is difficult to choose. I'm about to choose one that is "good enough" :-/, wish I could choose one that got me more excited..
I'm with Z3RO - some pools state clearly they support a cause and some dont. Wish there was an easier way to figure that info out. And I totally think its appropriate to soft plug your pool at the end Paul. You're providing good info!
Ok Paul so basically you are saying small pools are better because they get greater return at once but are not Consistent and small pools can use the support but Big pools are more Consistent and can get more rewards. But you should also speak on the Pledge because It also makes a difference.
Currently pledge doesn't really have much of an impact but they are looking to change that by the end of the year to make it count but no details on it yet. Since this video I have found that really small pools will struggle to keep up with larger ones over the long term as fees play a role too, once a pool gets over 2m they get a lot more regular blocks
@@CardanoWithPaul Could you speak on how fees may or if they effect a persons return or how are fees deducted. Also could list key points to look for when choosing a stake pool I'm currently in the middle of switching. Thank you
@@CardanoWithPaul Again, agreed. We've just significantly reduced ours due to pledge making NO difference to the pool rewards. There is talk of a change, but for now, PLEDGE really doesn't make a difference on rewards. It's still a good commitment indicator for Delegators, but it's just a promise. We're moving that pledge to delegation instead, so that it's available for development of smart contracts and other activities. When it's locked in as pledge, the SPO cannot do anything with it, without killing the rewards for the pool.
** Timestamps ** 0:00 Intro to Cardano Stake Pools 1:03 How Stake Pools Earn Rewards 1:28 Stake Pool slot lottery 2:16 Big Cardano Stake Pools 3:19 Small Cardano Stake Pools 4:50 The Small Pool Catch 6:04 Summary of Small vs Big Stake Pools Saturated Pools - czcams.com/video/sJb0X2sQtrI/video.html
Excellent Paul! Yep, we had a great 14.4% from the last epoch with only 1.75M in the pool. Superb return and our delegators were real excited by the return.
Can’t wait to get some rewards from your pool Paul. Thanks for the content.
Good to have you on board Crypto Vision. Thanks for your support
Thank you. Great video
Great content PAUL, shout out to you and kudos for this!
Thanks MAIN, I'm hoping it can show that small pools can compete and attraction delegation to them
finally a useful video on the topic
Nice!!
A tutorial on how to get a pool up and running may be valuable content to produce^^
Cheers from New Zealand and Kia Kaha!
Thanks for the feedback Andres will add it to the list. Great to hear my videos are been seen in New Zealand :)
What about compounding? If a pool gets rewards consistently, the rewards will compound as you get rewards on rewards. Like compound interest, right. If you skip some epochs, you slow that compounding effect.
We need more videos like this
Would you recommend bouncing from new small pools to optimize returns? example: Pool 1: 20% then 1 month later go to Pool 2 and get 15% hypothetically?
No I wouldn't recommend that as there is no way to judge which small pool is going to get rewards. You could end up missing a lot more rewards than you get as when you move pools its not instant and takes a few epochs to kick in
Hi Paul. I have some problems with the dns in my stake pool did you have any kind of problem doing your stake pool??
Hey Ronaldo, this group is full of SPO's so is a great place to ask questions on specific issues - t.me/CardanoStakePoolWorkgroup
Hi Paul can you give me more information on the pool staking you do. I am very interested but and a beginner when it comes to this.
Hey David, basically I run a stake pool in the network under the ticker PAUL. With Cardano staking most pools will average out to 5% - 5.5% rewards for delegators over the year. I have an FAQ page and video here that might help more on staking too - www.cardanowithpaul.com/cardano-staking-faq-ultimate-guide/
On these pools, I see "Cost per Epoch:" Most of them are 340 ADA. I'm assuming that's the cost for the entire pool right? Thanks Paul, great info!
Hey Jimmy, the 340 is taken from the total pool rewards and the remainder is then split between the delegators. I cover the different fees in this video as well - czcams.com/video/ksdVA15meHw/video.html
Good video. Just a comment to the list of high Lifetime ROA being small pools. It will always be, as small pools continue to start up, and produce one or 2 blocks, their "Lifetime" is very short. The Lifetime of the majority of larger pools will always be from the Fall of -20.
I agree though with supporting smaller pools! Also supporting single pools.
Is your pool up and running yet?
Ya what I see over the last while is the pools that are successful generally average between 5% - 5.5% over the long term. Yes my pool is up and running. I do have 2 now PAUL and PAUL1
@@CardanoWithPaul Awesome!! No doubt you will do well.
@@ADAVikings Thanks THOR, was looking at looks like your pool is doing awesome. Congrats
That "blured out name" is the Binance staking pool
😀
We don't utter that name here.
Currently I'm using a small pool, btcao.
❤ this tells a lot how much you care about decentralization. Great move! cheers [H4T1]
Dear Paul, I just downloaded Daedalus with intentions of staking to your pool. But transfered my ADA and got message on the wallet to upgrade to 3.3.0. Do you think this is genuine? I'm a bit worried.
Yes it's genuine. I have just finished recording a video showing it which should be live in about 2 hours. Thanks for choosing my pool
@@CardanoWithPaul Thanks Paul. Before I go ahead, how do you communicate with delegates and how can delegates contact you if necessary?
@@cwhittle8397 You can email me on paul@cardanowithpaul.com and also join our telegram group - www.cardanowithpaul.com/TelegramChat
As a newb it is difficult to understand the stake pools. One thing that is not easy to see, is what each pool does. Maybe I want to support dev in Africa. Maybe I want to just make the highest interest. Maybe there is a topic or direction i want to support... there are so many pools it is difficult to choose. I'm about to choose one that is "good enough" :-/, wish I could choose one that got me more excited..
In general most will give the same rewards in the long run so choose one you want to support.
I'm with Z3RO - some pools state clearly they support a cause and some dont. Wish there was an easier way to figure that info out. And I totally think its appropriate to soft plug your pool at the end Paul. You're providing good info!
Thoughts on how the market will react to Biden on January 20th
I would expect Biden to push through stimulus which should push the price up short term until we see if he takes any stance on crypto then
how can I purchase that shirt you have on you?
I made this myself but I need to set up a store to sell them soon
how do you find pools ?
Alot of pools are on twitter or you can use pool tool or adapools. I run the pools PAUL
Using twitter is definitely a great way. I fall foul of mentioning our pool name in reddit and get banned for weeks to months.
Ok Paul so basically you are saying small pools are better because they get greater return at once but are not Consistent and small pools can use the support but Big pools are more Consistent and can get more rewards. But you should also speak on the Pledge because It also makes a difference.
Currently pledge doesn't really have much of an impact but they are looking to change that by the end of the year to make it count but no details on it yet. Since this video I have found that really small pools will struggle to keep up with larger ones over the long term as fees play a role too, once a pool gets over 2m they get a lot more regular blocks
@@CardanoWithPaul Could you speak on how fees may or if they effect a persons return or how are fees deducted.
Also could list key points to look for when choosing a stake pool I'm currently in the middle of switching.
Thank you
@@CardanoWithPaul Again, agreed. We've just significantly reduced ours due to pledge making NO difference to the pool rewards. There is talk of a change, but for now, PLEDGE really doesn't make a difference on rewards. It's still a good commitment indicator for Delegators, but it's just a promise. We're moving that pledge to delegation instead, so that it's available for development of smart contracts and other activities. When it's locked in as pledge, the SPO cannot do anything with it, without killing the rewards for the pool.
** Timestamps **
0:00 Intro to Cardano Stake Pools
1:03 How Stake Pools Earn Rewards
1:28 Stake Pool slot lottery
2:16 Big Cardano Stake Pools
3:19 Small Cardano Stake Pools
4:50 The Small Pool Catch
6:04 Summary of Small vs Big Stake Pools
Saturated Pools - czcams.com/video/sJb0X2sQtrI/video.html