I lost my job during this pandemic and have some free time. I started investing in Crypto, but I am currently all in, and a bit tired of watching those terrible youtube FOMO videos and thought it could be a good exercise to set up a Cardano node.
Is there any guide on how to do so? Like “complete” guide, from hardware to software and everything involved. I have never programmed anything and not sure if it would be even possible with my skills.
How much ada do u own?
I want to give u the best advice.
Hi Alex, thanks for the quick repsonse. Why is that relevant? I dont have much, but would rather keep it private.
Because small pools will need a lot of work to attract enough stake to create blocks, and it’s better to know all of this before to start
And perhaps it will be better for u to delegate instead to spend money running a pool
Well, I am doing it as an experiemnt, not that worried about the benefits at this stage.
Ahh ok then, u are right it is not that relevant
For u I recommand to use the cntools, and I have a topic step by step how to do it
Any tips on where to start? Or if it is even possible without knowing any programming?
First u will need 2 servers (for the begining 1 Producer and 1 Relay), do u have the servers at home? Or do u want to use cloud servers?
Oh no, nothing at home. I am starting with this.
Then u must find a provider for cloud server first
Then u can start to set a pool for testnet, after u will be familiar with this u can swap to mainnet
Ok, will find a cloud server provider. Any guides on how to start to set a pool for testnet? I rather read a bit about it, before signing up for a server.
For cloud/vps server I can recommand (VPS M SSD)
U can use my tutorial
But u need to run the ./prereqs.sh -n for testnet (Step1 from the tutorial)
This guide also gives you some of the basis requirements.
It has a slightly different install method from the cntools that Alex mentioned but they both get you there in the end.
Very good that you want to keep it private, you will come a long way in operating a stake pool just knowing how to keep things private and secure. Just keep in mind that you will need a 500 ADA deposit for the registration
I recommend as well the CNtools method and guide from Alex.
Quite complete and easy to follow!
I wold like to ask your advice . I would like to stake my ADA . Have 6 K
I try to connect the Yoroi wallet to my ledger yesterday but when I accept export public key take me back to the website to choose again which ledger I have , if I click again than wants to export Byron account . I stopped with it because I don’t understand why it showing me second time Byron account ?
Also trying to download Daedalus and connect with my ledger but it taking ages. Already 4 hours.
Any advice ?
Also half of my ada I would like to put on the Sunday Swap pool. That pool will be available on both Yoroi & Daedalus.
Sorry I am completely new with staking .
Looking forward to your advise … Thank you
First, u need to connect the ledger and u can do it via daedalus,yoroi or adalite.io
Now, the ada or in byron or shelley wallet? I think there are on byron wallet
Try to open chrome, download the yoroi extension and connect the ledger:
- open yoroi
- add new wallet (byron erra)
- connect ledger
Then u should be able to see the funds
Hey, thanks for the fast respond .
So if is asking me to keep accepting the private keys , I just press the ok ?
Yes, and will import the byron wallet and u should be able to see the funds… next action is to move the funds to the shelley wallet in order to stake
I manage to connect.
What is the difference between BASE External and Internal wallet address ?
Which pool do you recommend on Yoroi ?
The Daedalus wallet takes so long only for the first time ? My laptop is on fire