Hi I recently became interested in operating a bare metal stake pool using my sysadmin skills / dev skills to become part of the community. However just straight off the bat It seems unnecessarily daunting to reach the 2M Ada threshold to consistently be selected for block.
To combat this FUD, I have scoured the forums and found someone saying,
“Yes smaller pools will have less chance but more reward when they are eventually selected so it will average out over a long period of time. The advantage of being part of a large pool is more frequent but smaller distributions.”
Does the above statement ring true to you?
Furthermore, it appears that because of the barrier to entry we are seeing a rise in Multi Pools SPO’s. I don’t blame people for doing whats best for themselves but I think I have an Idea for a mechanism to combat this and wanted to bounce the idea off someone with more experience with Cardano.
It’s a simple idea realy, but shouldn’t there exist some cardano funded platform that facilitates creation of partnerships to form a Stake Pool to keep the system as decentralized as possible?
Is someone working on this?