Hey Cardano enthusiasts!
I would love a little help deciding if becoming a stake pool operator is a good idea for me. The technical side is not a problem, as I’m a software developer. I’ve already set up an AWS server and installed a node. However, I’d like to know more about what to expect profitability wise to help me decide whether I should pursue it.
Let’s say I have 10k ADA to stake myself.
Worst case scenario, no one joins the pool. How can I estimate the expected rewards? How does that change if I stake 50k, 100k, 500k?
Now, how do I attract people to the pool? Is it unreasonable to expect others will come on their own? What have your experiences been trying to promote your pool?
These seem like basic questions that probably have been answered many times, but I can’t seem to find solid guidelines. If there are good posts already on these questions, please point me to them!