Cardano Community Discusses Running Costs
The Cardano community is discussing an important topic on social media. They addressed the stake pool operators who have a long list of running costs.
Check out the tweet that has been shared a few hours ago.
#Stakepooloperators have a long list of running costs associated with establishing, maintaining, & marketing their #stakepool – such as server running costs, website hosting, and hardware to name a few.#cardano #ada #hodl #crypto pic.twitter.com/hkwAPDgHqQ
— Cardano Community (@Cardano) September 1, 2020
A follower answered: ‘Biggest cost in the past two months has been my neglected family. Now that we’re in Mainnet and with great #Monitoring and #Alerting in place a semblance of life balance has returned Going forward our biggest cost is likely to be marketing. Organic marketing only + Community Building construction.”
Another person said: “Our costs vary depending on the size of the pool. When a pool is a small majority of costs are in business taxes but the more it grows the more we can invest in other areas like marketing and building solutions on the platform.”
Someone else responded with: “the biggest cost has to got the be time dedicated to making sure the servers are always up and running! A stake pool operator has to always be informed about what is going on with the network and must always make sure all nodes are running properly.”
Cardano staking rewards are higher than expected
Not too long ago, it’s been revealed that as per the Cardano staking calculator, rewards are currently sitting at an annualized return of about 5.1 percent, which is higher than the 4.6 percent estimate revealed before the Shelley mainnet was launched.
“We couldn’t have asked for a better response from the community, who have jumped into operating stake pools and are reliably making blocks. This is shown by the 1,138 stake pools currently active, which is around the desired equilibrium for the network,” said Aparna Jue, Cardano product director at IOHK.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.