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GNP1 - Cardano SPO - supporting mental health

Following0Followers (X)2.9KPosts224Likes839
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minPoolCost was always unfair to small pools, so GNP1 pays the 170 ADA back to delegators every epoch. Result: No. 1 of 1,063 pools, 2.60% vs 1.84% network avg. We'll keep fighting until we have the stake to stand alone. Your stake keeps us going. You win, we win, Cardano wins. #Cardano @IOHK_Charles @Cerkoryn @IOGroup

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It seems so difficult to get above 3k followers and the vast majority of Cardano people on X appear to have similar numbers of followers between 1500 and 3000 Does this mean we are all just following each other and that is the total size of the community now around 3000 🤣

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We've updated our stats to include epoch 661, which paid nothing after last night's epoch change. GNP1 still leads Rank: No. 1 → No. 1 (of 1,063) Actual return: 2.76% → 2.60% Without rebate: 1.69% → 1.59% Expected luck: 2.10% → 2.10% Network: 1.84% → 1.84% https://t.co/9XenlG69bU

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The evidence is in. All verifiable on db-sync. GNP1 gave delegators the best return of 1,058 Cardano pools since epoch 640, simply by refunding the minPoolCost. Of 509 small pools, only GNP1 reaches 2%. Without the fee, 9 in 10 could. minPoolCost is killing small pools. @Cerkoryn

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If there is any doubt about why minPoolFee has to go then look at this. I am not just plugging my own pool, which pays a higher ROI than 99% of pools but I am demonstrating at my own cost how properly run small SPOs could get enough stake to mint blocks with minPoolFee gone https://t.co/ViFViD9WTB

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The great thing about running dbsync is that you can do a deep dive into how rewards work* & not just what common explorers decide to report See how competitive small pools could have been if the ecosystem had not been designed against them Actual ROI for GNP1 over the years https://t.co/xjftwfk1yP

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Cardano’s design has hurt small pools since day one, letting down every operator that supported the ecosystem GNP1 don’t care it costs us money & it’s unsustainable. We’ve run at a loss for 6 years We care about proving that small pools can compete if restrictions were removed https://t.co/psOF3dEXqV

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The big pools won't be posting these stats. I'm compiling GNP1's rebate history from the chain, back to 2021. With a small stake but a 0 min fee, policy on and off for years, the returns tell a story about how minPoolCost really works. Numbers coming soon. #Cardano #ADA @Cerkoryn @earncoinpool

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Don't ignore the evidence. Since epoch 640, GNP1 delegators earned 2.87% vs a 1.80% network average. Ranked 5th of 1,225 pools. 0% margin. The 170 ADA min fee returned in full. If stake still won't move, the staking system is broken, not small pools. https://t.co/WNiXgRWwdk https://t.co/1WFtldOINC