First, I’m extremely excited to be a part of this community and I hope to be a stake pool operator for the purpose of contributing to the decentralization of information and finance which a blockchain provides.
I mention the above to hopefully demonstrate that, like so many ‘newbies’ inspired to run a stake pool, I’m vested emotionally in the long-term for decentralization whether it’s Cardano or another project (…but I really think it’ll be Cardano given my 15-years of experience in startup tech companies with great marketing and funding initiatives).
So, Should I even be running a stake pool?
Personally, I studied Information Science which consisted of taking multiple computer science classes so, I’m not brand new but I’ve definitely needed to dust off some computer science skills.
After a few days, of following documentation and watching youtube videos (thank you everyone for your great content), I was able to register my pool without too much hassle and learned the following in the process:
- This is fun!
- With the right documentation and ‘how-to’, I’m able to comprehend the info, re-learn basic concepts, and troubleshoot important issues.
- I’m capable of understanding the environment to handle future maintenance (given that sufficient information and documentation exists)
Now, I’ve finally reached a stalemate in regards to putting cold keys in cold storage…which has lead me to THESE THREE QUESTIONS:
- How am I suppose to extract cold keys when I’m operating a VM through Google Cloud Services? With good and detailed ‘how-to’ videos and instruction, I’m able to implement but I’m not going through the learning phase for this process without proper instructions because it’s so important to the security of my pledge and the stakepool.
Is there a way of doing it through my VM server (which is protected by private key and passphrase)? or do I need to install Linux on my local machine after wiping it clean?
- There has been talk about the proper stake pool set-up; for example: “it 's best to run 2-3 servers, 1-2 relays and then your block producing node”. If this is the case, should I even move forward with my 1 server containing my relay and node?
This seems more difficult then the talks of being able to run a stake pool on a VM or RasberryPi from home.
Again, I could be mistaken but I don’t think the tutorials lay out the setting up of 2-3 servers…and to clarify, I’m not against it however, if this is the proper set-up then I’d like to minimize margin of error and follow these instructions in detail (or am I completely out of my league and should STOP, which you can tell me below)
- If the best situation for me is to NOT run my own stake pool, is there a way of finding other stake pool operators in need of a co-owner that I could pledge my ADA too? I could help maintain…I’m a fast learner! lol (and I’m hoping this is a possibility without needing to give access to private keys)
Your comments are appreciated. I feel that my situation applies to a large portion of newbies looking to participate.