We want to educate about cryptocurrencies and their benefits to the financial system, as well as contribute our part to the technology.
If you would like to support our work, you are welcome to delegate to our Cardano Stake Pool. You can find out how to do that here. We are a small pool and any delegation is very welcome.
If you have any questions about how to do this or about Cardano or cryptocurrencies in general, you can easily reach us via Telegram or even by mail.
You can find our Telegram channel here: FIRE Pool Telegram Channel
|Relay Nodes||2 Relay Nodes | HW configuration CPU:4core|RAM:12GB|SSD:128GB|
|Producer Node||1 Block Producer | HW configuration CPU:4core|RAM:12GB|SSD:128GB|
|Pool ROA Lifetime|
We believe that a freer monetary system without government control can only work if everyone does their part for society.
Therefore, we donate 10% of our earnings from this pool to charity.
I (Sebastian), was diagnosed with cancer a few years ago. From personal experience, I can say that this is an unpleasant experience. Therefore, we will donate the 10% to organizations dedicated to cancer research.
What else to know
Our pool is still very small, which means that whoever stakes with us does not get regular small rewards, but irregularly a large amount. This is because we do not get a block in every epoch (that is 5 days).
If we get a block, the rewards are much higher than with large pools. You can see this in the graphic below. The image below shows an extreme example. After we created this pool, we switched our ada wallet delegation from a big pool, to our new FIRE-Pool. At this time, FIRE had only 500 Ada pledge and was just new. In the image, you see, while our wallet was delegated to a big pool, we get every epoch a little reward. After Epoch 270 we switched to FIRE. With huge luck, we got our firstly block short after. We got a huge reward of 360Adas from the FIRE pool.
After that event, it will take some time until we will get our next block. But we think, this image illustrates the explained mechanism. On average, you get 5% ADA per year as reward. In the case of a small pool, this happens as a large one-off payment; in the case of a large pool, the 5% is divided into many small payments.
This is because there are a certain number of ADAs in each block that is minted. These ADAs are divided among the delegators. With a small pool, there are only a few delegators and so the rewards are shared among fewer recipients.