Furthering the Decentralization and Adoption of Cardano while educating, creating & giving back!
21% of our pool's rewards are donated to funding a water well for a rural community in Ethiopia.
Earn passive income while enabling us to bring clean water to Ethiopian communities.
Google Premium Network Tier fully redundant & scalable.
Hardened for top-notch SSH security surpassing RSA 2048/4096 with the latest Ed25519 in addition to management database stored behind AES-256GCM with salted key.
100% renewable energy consumption
Pool ID: f3efb842c77895dde51e95e54d9c309da599631ef31216bcfea11083
Who operates the pool?
I do! My name is Jami btw :)
When you first start, staking your ADA can be challenging.
We'll answer many of the basic concerns newcomers have when it comes to delegating their ADA in the sections below.
Your Stake is safe
Your stake is never stuck with a pool, you are free to move, withdraw, spend whenever you want. In fact, when you are staking, your ADA never actually leaves your wallet. Click here for more information on wallets.
Stake from a hardware wallet! The safest way to stake and have full control over your crypto. Click here for our affiliate link with TREZOR
Rewards are automatically re-delegated for you.
When can I expect to see rewards from my delegation? Click here
21% goes to RUN FOR WATER:
Yes! We donate 21% of our pool's rewards monthly to the
Run for Water charity.
These donations go into Run for Water's Cardano wallet for safe keeping, to earn staking rewards & to help decentralize the network.
When the fund reaches it's goal of $20,000.00 it will be released to build a water well! We look forward to fully funding our first well and many more!
This Charity has been working in Ethiopia for 15 years to provide clean water development in under-privileged communities in rural Ethiopia amongst other ways of empowering the locals with a focus on women and children.
For transparency we will be keeping a record of donation receipts on the Cardano blockchain!
They built one of the first wells, that we know of, funded by Bitcoin donations!
We contribute to Cardano in a few ways:
Other than running a Stake Pool that mints blocks for the Cardano Blockchain
We also run Think & Grow Crypto on YouTube. An informative channel to help further adoption.
We help bring to life with visuals the mission & vision of GROW pool.
We release fun and creative pieces & NFTs. Check them out!
I'm not sure which Cardano wallet I can use to store my ADA.
Daedalus is available for Windows, Mac OS X, and Linux. It will take a couple of hours for the app to sync up with the blockchain the first time it is opened since it keeps its own copy of the blockchain. This requires enough storage space on your computer. The automated redemption of staking rewards if transactions are submitted from your wallet is a function exclusive to Daedalus, saving you the processing fee needed to redeem the rewards manually. Daedalus also advocates Catalyst fund voting.
Is it possible for me to use several software wallets at once?
What are hardware wallets?
Public and private key pairs control all blockchain transactions. After demonstrating that they have access to a wallet's private key, a recipient is allowed to make a transaction. If someone else has their hands on this key, they will verify the wallet's transactions and obtain access to its funds. The private keys to your cryptocurrency wallets are stored in a hardware wallet, and these keys never leave your device, keeping them safe from prying eyes. You'll write down a recovery phrase as you set up the device, which you'll use to restore your wallets to another hardware device if your hardware wallet is missing or broken. This phrase can never be saved on a device that is attached to the Internet.
I'm not sure which hardware wallet to use.
When selecting a hardware wallet, make sure that the system supports the cryptocurrencies you want to store on it. The Trezor Model T and the Ledger Nano all endorse Cardano at the moment (S and X versions).
Overall, the Trezor Model T comes highly recommended. Its superior functionality to the Ledger Nano devices more than compensates for the higher cost. Using any hardware wallet, on the other hand, is much more secure than not using one at all. It is recommend to purchase a hardware wallet if your cryptocurrency investments are worth at least ten times the cost of the wallet.
What is the concept of an epoch and how long does it last?
Cardano's accounting cycle is divided into epochs, each of which lasts 5 days. Staking rewards are received and paid out at the end of each epoch.
What factors should I consider when selecting a stake pool?
When selecting a stake pool, several considerations must be considered, including pool efficiency and costs, respect for decentralisation and free communication, pool capacity, and so on.
Pages such as PoolTool & AdaPools will help you compare stake pools.
When I delegate to a pool, will my ADA be locked?
No, you are free to spend your ADA whenever you want. You will stop earning staking rewards from anything you spend.
Is it safe to stake my ADA? Is it possible to risk money by staking?
I staked my wallet and was charged 2.17 ADA. Why?
When you first delegate your wallet, you must pay a deposit of 2 ADA. When you undelegate your wallet, you will get your deposit back. To cover the conversion fee for registering your wallet for delegation, you were also charged 0.17 ADA. When you move funds on the Cardano blockchain, you must pay a transaction fee.
What are the costs of joining a stake pool? What exactly do the terms "fixed fee" and "margin" mean?
Pools are required to charge a monthly fixed fee of 340 ADA. This is not a cost that each delegator would pay. After the fixed fee has been deducted, the margin, or variable fee, is a percentage taken from the pool's overall rewards per epoch. These premiums go to the pool's owners to help them meet their operating expenses.
Prior to distributing rewards to delegators, pools exclude their payments from the overall rewards received by the pool. A pool does not charge any fees if it does not make any blocks. Delegators are not charged fees directly.
What exactly is a "pledge" and why is it significant?
The sum of ADA that the pool operator(s) has staked in their own pool is known as the pledge. This directly communicates to delegators how invested the operators are in the pool's performance. Pledged ADA receives rewards in the same way as staked ADA does, but if a pool goes down, the operator will forfeit not just the fees for the missing blocks, but also the rewards for their pledge.
Is it necessary for me to claim my rewards at the end of an epoch?
No, the staked balance is immediately updated with earned rewards. You only need to collect rewards when you want to withdraw them from your wallet.
I staked my ADA but have yet to be rewarded. How long will it be before I get my first payment?
It takes 15 to 20 days for the first reward payout to arrive. Following that, you'll be paid per epoch (5 days).
Do I have to re-stake ADA to earn rewards if I add it to my wallet?
No, when you stake your ADA, you are delegating your entire wallet, not just a portion of it. Your staked balance will be adjusted automatically if you add or withdraw funds.
If I switch my staked ADA to another wallet, will I lose out on rewards?
No, but you should keep in mind where the rewards will be distributed.
What is the maximum amount of ADA that can be staked in a single pool? What exactly does "pool saturation" imply, and how is it managed?
The cumulative amount of stake that can be used to earn rewards in a single stake pool is known as pool saturation. If a pool holds more than the permissible amount of stake, anyone delegating to the pool will receive lower rewards. The k parameter, which is currently set to 500, determines the saturation point. This means that the Cardano network is designed to accommodate 500 pools that are fully saturated. In fact, there will be many more than 500 pools in use, with the majority of them not being at saturation.