1.how do i get delegators ? , does it go automatically?
2. how do i earn passive income , because to start a node is not cheap.
3. i hear charles talking allot about africa but the energy and internet is not 24/7
4. can i lose money?
5. thank you very much i hope someone could help me!
1 Like
Hello,
-
Delegators are not coming automatically, u will need to convinge them to delegate to ur pool; u need marketing to make ur pool known by others (this is the hard part )
-
To get rewards ur pool needs to create blocks (u can check on pooltool.io or adapools.org to make an ideea how many blocks were created by pools with different active stake)
-
U can use a vps (server hosted in cloud) if u have issues with internet speed or functionality)
-
U can lose ur pledge if u don’t secure ur nodes and someone will hach you! Or u can lose money if u will not have enough ADA staked to ur pool (we will not create blocks and u will need to support the cost from ur pocket)
In conclusion u need to analyze first if u will have enough ADA stacked to create blocks , if u have a good marketing plan to attract new delegators, if u are ready to support the cost from ur pocket in case u will not create blocks and u will not have profit…
And the most important part, if u have the knowledge to manage/operate the pool when some actions will need to be taken
Cheers,
3 Likes