Welcome to ZKOPE Pool
ZKOPE is an ADA stake pool located in Denmark. If you are an ADA holder, consider using ZKOPE pool, and earn passive income while securing the Cardano network. It is safe since your funds are NOT required to be sent out of your wallet, delegating your stake can be done to ZKOPE pool directly from your wallet of choice, so if you are not in the process of spending your ADA, staking is a good option.
ZKOPE is simple, secure, honest and friendly.
What is ADA:
ADA (₳) is the native cryptocurrency of the Cardano network, a proof-of-stake (PoS) blockchain platform, which in contrast to other platforms is based on peer reviewed research. To learn more, visit the official Cardano website with the link below.
I have decided to build the block producing node server myself, and installed it in my home, since I believe that to be the more decentralized approach. I do however use virtual machines for the relays, of which I have 3. All 3 relay nodes are located in 3 different data centers, I do NOT run multiple nodes on the same server/instance to save money on hardware/rentals, and am generally willing to do the necessary investments to insure the quality of my pool is in top.
The block producing node is of course protected from power outages by an UPS, even though power outages in my area are extremely rare. For internet connectivity, I have a very reliable and fast fiber solution, with an extra 4G cellular modem in case of failure on the main connection.
AMD 4 Cores 3.6Ghz
1TB M.2 NWMe SSD
4G Cellular Backup
I also have a backup server, with all relevant node software installed, ready to deploy at a moments notice, in case of failure of the primary hardware.
All secret key handling is done on a dedicated offline-only (air gapped) computer, and all secret keys are stored on multiple encrypted USB keys for security. In fact, only the utter most necessary keys for running a stake pool, is located on the block producing server itself.
Pool fixed fees: 340₳ pr epoch
Pool margin: 1%
Pool ID: 8fd80645f978b962da5932c976e76209329bc90d7fbc6bec04aa1d53
What is Ticker and Pool ID:
Ticker (ZKOPE) is the shortened name for my pool, if you are considering staking using my pool, just search for ZKOPE in your wallet of choice, and my pool will show up.
Pool ID is the unique ID given, when ZKOPE was created, compare it to ensure it matches if you see more than one pool with the same ticker.
What is Pool fixed fees and Pool margin:
When ZKOPE produces blocks, those blocks contains rewards. At the end of each epoch (5 days), all the rewards of the produced blocks will be added together, then 340₳ fixed fees (which is the lowest it can be) and 1% margin is subtracted and goes to the pool operator, as pay for the work of keeping the stake pool running (Se more in details how the rewards distrubtion works under the Epoch section).
The rest of the rewards goes to the delegators. As a stake delegator you will NOT be paying me, or the treasury tax from you own wallet, since all fixed fees, pool margin and taxes comes from the rewards of the produced blocks only. Therefore you can not loose money from staking.
To see live data of my pool you can visit one of these sites:
Every ADA holder needs a wallet to store their ADA cryptocurrency. It is also directly from the wallet, that the delegation of stake is done, therefore any ADA staked do not have to leave the possession of the ADA holder.
If you have not yet chosen a wallet, here is some of the most used.
The Daedalus wallet is a full node wallet, which means it will have to fully synchronize, with the Cardano blockchain everytime it is started. This might take some time and require some additional disc space on your computer.
The Yoroi wallet is a light wallet, this means that in contrast to the Daedalus wallet, Yoroi do not have to fully synchronize to the network on startup, this is becaurse the team behind it, keeps servers running which keep track with the blockchain for all Yoroi users. Since Yoroi is a lightwallet it also comes as an App for iOS and Android. I highly recommend using Yoroi with a hardware wallet if you choose this option. Read more below.
The AdaLite wallet is a web based light wallet, so as with Yoroi you do not need to fully synchronize with the blockchain. The AdaLite website functions as the interface for the handling of ADA cryptocurrency. I highly recommend using AdaLite with a hardware wallet if you choose this option. Read more below.
The Ledger Nano S/X are hardware wallets. If you own a substantial amount of ADA, it is recommended to invest in a hardware wallet such as the Ledger Nano S or X, since it improves greatly on the security, by storing your private keys in a protected environment. These wallets are to be used, combined with one of the above mention software based wallets. Both Yoroi and AdaLite supports the use of a hardware wallet. The support for hardware wallets in Daedalus is in the works. If you consider buying a Ledger hardware wallet, make sure to buy it directly from the official Ledger store ONLY, since fraudulent activity has been seen when buying from 3rd party supplier.
What is Epoch:
On the Cardano network, there is something called epoch. An epoch is a period of 5 days. Doing one epoch (5 days), the stakepools have the task to produce 21.600 blocks combined. The amount of delegation one stakepool has, sets the chance of which that stakepool has to produce blocks. So in a way its like a lottery and the more delegated stake, the better the chances are of winning (so to speak) for that pool.
But when delegating to a stakepool, that delegation does not immediately become active, it takes to the end of the current epoch + 1 full epoch for the delegation to become active. After that, blocks needs to be produced (doing the next epoch), rewards calculated (in the epoch after that) and then rewards distributed (in the epoch after that), thus rewards are not earned before multiple epochs after the initial delegation.
For better understanding how the epoch mechanic works, and to understand when you can expect to recieve your rewards when you delegate to a stake pool, see the illustration below.
Lets say the total amount of rewards from epoch C is 20.000₳.
From that 20.000₳, ZKOPE fixed fees (340₳) is subtracted: 20.000 - 340 = 19.660₳.
Then ZKOPE margin (1%) is subtracted: 19.660 x 0.01 = 196,6₳.
Therefore the total reward going to the operator from fixed fees and margin, in this case is: 340 + 196,6 = 536,6₳.
The remaining 19.463,4₳ is then distributed to the delegators based on stake percentage.