This morning I woke up with the same question as discosultan and I’ve spent time on the forum here and at the staking calculator trying to figure out the answer to this question.
I’m new to crypto concepts (just started studying them this spring) but I do have experience with programming and operations and server environments (albeit in a galaxy long ago and far away) so I don’t feel intimidated by setting up a stake pool. Perhaps this is irrational confidence. But this is also the reason, to answer your question Herr_Rossi, why I personally would want to run it privately, I wouldn’t want anyone, at this point, to delegate to me.
I’m holding a little over 10,000 ADA so that was the only thing that I tried to account for in the default advanced settings of the calculator. I just let the default settings in the advanced options be what they were.
I’ve made 2 calculations and neither make any sense to me. One result was over 6 million ADA rewards per year, which seems exorbitant to me. But hey, I’ll do a lot of research and study for that kind of reward! And when I tried to run it again to see what sort of result I’d get I got a big 0.
So at this point I’m not sure what I’m missing and thus my questions in general:
Am I still too much of a newbie to understand what running a stake pool entails, and thus the crazy high ROI that the 6 mil result implies? Or am I that much of a newbie that I can’t perform a proper calculation?
As I implied above, setting up a server and a system that is open source and as well documented as this appears to be, doesn’t seem outside of my ability. Even if it would mean I would need to do some rather dry reading for an unknown amount of time to get up to speed, a few million ADA per year would go a long way to making the effort seem minimal.
But right now, I’m not sure what is true about the rewards to running a staking pool. So any pointer to resolving that question would be greatly appreciated. Even if it means telling me that, “hey dude, you’re probably out of your element here”, that would be great to know.
Either way, I’m “in” on Cardano simply based on concept, planning and execution so far. I’m glad to be here on the forum learning and getting to know others in the community.
In my own local small circle of people that I’ve spoken with about these things I’ve been met with unanimous disinterest and/or sneering derision. One acquaintance responded to the idea of investing in crypto as a concept responded with,“in my opinion the best investment is ammunition.”
That’s a little too glass half-empty for me, even if I understand the negativity about the world.
Anyway, any response is appreciated, thanks for your time!