Hey everyone, it’s Whatever Wednesdays again. Today is just a short post about what I’ve been working on, Cardano Hawaii.
Yea. I mentioned it before that I was going to step outside of my comfort zone and was going to try to make a stakepool for the Cardano blockchain. The name of my pool is Cardano Hawaii Pool and its website is cardanohawaii.com.
How do you run a stakepool?
Well, you technically can run a stakepool using Windows and other operating systems, but it’s probably the most efficient to run it using Linux. I haven’t used Linux in a long, long time. It’s probably been since the end of high school or early college when I was still using command line. However, once I was a pre-med, and start using Windows exclusively. There was no need to mess around with a command line anymore.
That said, I messed around with trying to get a stakepool working on the testnet using Windows 10. However, the majority of the people running stakepools (and the help) use Linux. For that reason, I put the Ubuntu distribution of Linux on a computer.
There are a series of things you need to do in order to get a stakepool running. The actual commands themselves are not that difficult. However, making things work correctly is easier said than done. Since everything is still in beta, things don’t necessarily work like they’re supposed to 100% of the time. That said, this official telegram channel is really great for those interested in running their own stakepool:
There were some setbacks and frustrations. However, I eventually managed to get my stakepool up on and running on the Jormungandr beta.
It’s running right now and has been reasonably stable:
Why do this?
Well, like I’ve said before, I really do believe that cryptocurrency will change the world I live in. Additionally, the world my children will live in will be very different from mine. At the forefront of this, I am hopeful that Cardano will lead the way.
That said, it may not change much (or not at all) for the 1st world countries in the near future. However, I do believe it will change things in 3rd world countries like Ethiopia. After that, these little ripples will create waves that will change how the rest of the world does things.
Like I’ve said many times before, I don’t have much money in cryptocurrency. It’s probably less than 1% of the net worth and my net worth isn’t much. However, I am one of the few that believes in the vision of Cardano and has both the time and just enough technical knowledge to run a stakepool. As such, I think it is my duty to at least try. Whether it succeeds or not, I can say I tried to maintain the blockchain I believed in, which is Cardano.
Why the website?
Well, like most things I think you need a website if you’re serious about running a stakepool. People will want to know that the person running the stakepool has “skin in the game” too. Sure, they may also have their own ADA that they stake. However, if you have a website, you are paying money for a domain, hosting, and likely SSL — out of your own pocket. It’s kind of like saying I believe in this enough to put my own money up before I’ve received any kind of rewards.
Additionally, people will want to be able to go somewhere for updates on what is happening:
How many blocks were made?
Out of how many epochs?
How many ADA are currently staked to the stakepool?
What was the uptime of the stakepool?
I think community is also important. Staking will be very easy and people can move theirs takes all the time if they so chose. Having a “home base” of sorts to direct people to is a good thing. Ideally, a once a week blog post on what is going on with the stakepool would also be nice. However, this is currently outside of my ability (for now).
Well, the balance snapshot just took place November 29th. New information will come out on December 5th, with plans for the rollout of the incentivized testnet on December 9th or so.
I am hopeful that I can be one of the initial stakepools running at that time.
Just an update on my stakepool Cardano Hawaii Pool.
I’ll keep you guys updated once in awhile.
Agree? Disagree? Questions, Comments and Suggestions are welcome.
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