Size Matters…
Whether or not a pool generates rewards, depends on how many blocks it is allowed to produce. The bigger the total stake, the more blocks it gets assigned. However, the protocol involves some randomness: on some days a pool can get assigned more blocks than on other days, even if its size did not change. Over time this averages out, so the long term trend remains intact: the bigger the pool size, the more blocks, the more rewards.
Smaller Is Better…
Now, about rewards. Total pool rewards are always divided among all stakeholders. So, bigger pools generate more rewards, but these must be divided among more stakeholders.
Smaller pools, such as 4ADA3 at the moment, on average get to produce less blocks, but when they do, those block rewards are divided among few stakeholders, therefore the rewards can proportionally be quite big.
For example, a 90M ADA pool produces around 35 blocks per day, which is equivalent to approx. 32k ADA, so the stakeholder rewards are approx. 0.32ADA for every 1000 staked ADA.
4ADA3 currently has staked 287k ADA. Even if we get to produce just a single block (the reward for producing a single block is currently approx. 920ADA), this represents a reward of 3.21ADA for every 1000 staked ADA, so more than ten times the reward of the 100M pool in the above example!
…But Not All Of The Time
Now comes the tricky part: statistically, a pool gets 1 block assigned for every 1.75M staked ADA. So, with its 287k, 4ADA3 currently will receive 1 block assignment every 6.1 days on average.
What’s Your Size?
If you are currently delegating your stake to 4ADA3, it is entirely up to you if you want to wait for that first, very profitable block, or if you prefer to move your stake to a bigger pool such as 4ADA2, and receive smaller everyday rewards.
This corresponds to the current pool profiles as also described on our homepage; choose 4ADA2 or 4ADA if you prefer great rewards on a daily basis, or choose 4ADA3 if you prefer to take more risk and go for fantastic rewards which may take longer to arrive. So, what’s your size? 😉
Come On 4ADA3, It’s About (Block) Time!!!
So far, this has been the history of 4ADA3:
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316k
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35k
597
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0
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Fascinating – thanks! I’m gonna stay in 3 – it’s more fun to take a gamble 😉
I should definitely think so. We admire your virility and courage 😉
I’ll be there once the update happens… 🙂
My ADA has a babysitter in your 4ADA1%. It’s a great ROI and I always appreciate you. And I always feel sorry about 4ADA3. I believe ADA3 will always work! Happy staking 😉
Thank you Naomi, your nice comment is making me all warm and fuzzy inside 🙂
No need to feel sorry, even if 4ADA3 does not take off I am already quite happy with the way things go as it stands. I’d like it to succeed just for the fun of it. I hope you stick around a little bit longer! Jos.
Trying not to get frustrated here. So I uninstalled everything and reinstalled the testnet rewards version. It finally synched and I’m trying to restore my wallet. The 15 word password is correct, I’ve tried naming the new wallet and give it a password, but every time I finish it says “wallet you are trying to restore already exists”. But it doesn’t show up, nor can I delegate because it doesn’t exist. Any ideas?
I understand your frustration! I installed the new version myself today. Takes hours to synchronize. I helped it abit with my own config parameters… Try to restart your computer at least once. Also, if repeated restarts of Daedalus after 5 minutes do not help (not sure if you use windows, but perhaps check if you have to kill the daedalus process or leftover jormungandr.exe process in taskmanager as well), then this may help: https://iohk.zendesk.com/hc/en-us/articles/360039511853
good luck!!
p.s. I actually installed the new version overwriting the old one so did not have to restore my wallets, but uninstalling Daedalus actually probably also leaves your wallets intact…
Finally!!!! it’s synching my history now but I’m up and at it again. Haven’t seen rewards since Jan 27. For the record I was on vacation for a bit, but I’m happy to see that I still got rewards! 🙂
Ha. Just made the jump to 4ADA3….. come on baby, papa needs a new pair of shoes!! Let’s get it!
Glad to see finally it worked out for you. But, no Lambo aspirations? Now, as to whether they’re going to be Prada’s or Thongs, I can’t make any promises! Whatever you buy I’ll buy 😉