17

I would like to run a stake pool, but don't know if I am capable to do this. What do I need for that?

30

Running a stake pool requires two main components, technical ability and marketing savvy. I'll outline some of this at a high level for you below.

Technical

  • Linux server administration. You must be able to setup and administer a server that will run your pool and relay nodes. You will need to be comfortable running applications in the terminal.
  • Bash scripting (for setting up your pool, running the nodes, etc.)

Marketing

  • A pool cannot make blocks without attracting delegation. It take around 1.2M ADA to average one block per epoch.
  • Pools need effective marketing to attract enough delegators unless you own enough ADA yourself.
  • This is actually the hardest part about running a pool.

One last thing is pledge, currently the pledge only has a small effect on the rewards a pool earns. However, this is set to increase in the future. The exact amount of pledge needed is unknown but will be more than a few thousand ADA. Looking at most of the pools that are out there I would assume anything less than 50-100k ADA will not be sufficient.

There is a plethora of resources for how to setup a node, but hopefully this helps to answer the question of whether or not this is something you want to pursue. Good luck!

2
  • 5
    I like that you answered the politics side as much as the technical one. As a DevOps Engineer, I was thrilled with the idea of setting my own pool and helping the protocol along the way, until I discovered it's not really "random guy with good technical skills"-friendly.
    – insideClaw
    Apr 27 at 18:44
  • 1
    3. Lots of time May 1 at 16:11
17

This is the guide that I used and also included the prerequisites from their site below:

https://www.coincashew.com/coins/overview-ada/guide-how-to-build-a-haskell-stakepool-node

Prerequisites

Mandatory skills for stake pool operators

As a stake pool operator for Cardano, you will be competent with the following abilities:

  • operational knowledge of how to set up, run and maintain a Cardano node continuously
  • a commitment to maintain your node 24/7/365
  • system operation skills
  • server administration skills (operational and maintenance).

Mandatory experience for stake pool operators

  • experience of development and operations (DevOps)
  • experience on how to harden and secure a server.
  • passed the official Stake Pool School course.

It's is the most comprehensive guide out there, IMO. I used it for setting up my own stake pool.

0

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.