I finally made it! I’m so proud to be part of Cardano so I setup my own STAKESIDE POOL with a core node and one relay node for now. Website is not finished yet but will get there. There’s still a lot to be learned especially on the security and maintenance side of operation but thanks to Guild Operators’ CNTOOLS which made it all so easy for me.
So how do you guys attract delegators to your pool?
One thing that would help small pools a lot is if the minimum fee was reduced from its current setting of 340 Ada.
With the minimum fee at 340 Ada a pool needs 10 million Ada total stake before the minimum fee becomes a relatively small percentage of delegator rewards. This makes it hard for a small pool to grow because it costs delegators a very high proportion of their rewards.