Welcome to our first Geekrypto Cardano Stake Pool

… And we hope it won’t be the Last!

Please support us by delegating to our Pool. It is very easy, if you are using Daedalus, Yoroi or ADALite wallets, simply look for [GKRPT] stake pool ticker and follow the step by step instructions to safely delegate your wallet with us.
Our Pool ID is listed below so you make sure you are delegating to our pool:

Ticker

GKRPT

Pool ID

7fa66ad59af4118e9776fe9120223f7c59de5e98186871ee90bb335b

Margin

1 %

You Can Make A Difference 

You Can Make A Difference 

You Can Make A Difference 

You Can Make A Difference 

You Can Make A Difference 

You Can Make A Difference 

Geekrypto Pool has been set on a high performance and fully managed cloud servers for powerful computing by following all cardano recommendations and best practices

4 vCPU Cores based on the full power of Xeon E5 cores clocked at 2.00 Ghz for high speed computing
8 GB RAM
100 GB RAID-10 SSD
1 Gbps and up 8 TB Bandwidth

High availibility

Based on a VPS solution which brings all virtualiszation resiliency benefits, Geekrypto pool is using a 2 relay nodes architecture for being always available.

Security

Enforced OS hardening, dedicated cloud firewalls and internal VPN are used for creating a secure environment to keep our servers safe by controlling all their traffic.

Redundancy 

Physical hosts are backed by a fully redundant multiple gigabit and low latency networks. Electrical power is supplied through two active lines which are linked to separate Diesel Generators and backed up by two redundant UPS.

Monitoring

Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts

Backup

Say goodbye to data loss risks and enjoy peace of mind with daily reliable automated backups

Hosting Support

Available 24/7 to help resolving technical problems along with best effort 3rd party app support

If you wish to make an apple pie from scratch, you must first invent the universe.

Geekrypto is run by myself, Lotfi, a high tech and crypto enthousiast with over 10 years of IT experience. I am today responsible of managing several projects for private cloud solutions and working with many experts in all fields. I think that the first time I heard about the blockchain, and of course bitcoin, was in 2012. for a long time, I was saying to myself : ” i’ll need to take sometime for diging a bit more into this topic!” … but I’ve never really took that time before end of 2017, where I started reading, understanding, testing some mining and investing in cryptocurrencies. Third generation coins like ADA have the advantage in that the every day person can make a passive income of it, without the need for any high tech equipment. You simply delegate your coins to a staking pool (they never leave your wallet) and this pool will validate the blocks for you (in a sense its like minding bitcoin but way easier) Now I am gathering all my know-how and passion for moving on more step forward launching my own project: Geekrypto.

What is Geekrypto project to me ?

01.  Cardano Stake Pool

The first time I’ve heared about Cardano project was in early 2018, where I simply started investing into cardano coin, but now, after spending hours, days, and weeks working on this project, I’ve finally created my first Cardano pool which, I believe, will be supporting this beautiful project and helping with its netwok decentralization.

02. Educational project

In addition of communicating about the cardano stakepool, I wish to use this website for sharing interesting news and knowledge, not only about Cardano, but about crypto technologies in general

Blog

03. Develop

This will be a first step for supporting crypto projects, but I wish to extend it to  other interesting ones and contribute to their development.

04. Charity

I truely believe the potential crypto technologies have is going to be life changing across the world, but in particular Africa. Please support us and we will donate 10% of profits each quarter to this fantastic charity “Life ONG” for helping them in their actions across the world

Life ONG

Stake with us

Delegation is the process by which ada holders delegate the stake associated with their ADA to a stake pool. It allows ada holders that do not have the skills or desire to run a node to participate in the network and be rewarded in proportion to the amount of stake delegated. BUT it’s more important why you should delegate your ADA : Because delegating your ADA will help to build the network, you will earn rewards and the most important thing you will become part of the CARDANO PROJECT!

Even if it seems easier, staking with an exchange is not a the best option. As a stake-holder, you should hold your ADA coins in your own wallet, this way you do not risk losing them if the exchange is hacked.

The decentralization is also better if there are more small entities than big whales with a big influence. Exchanges usually force you to lock ADA coins for some period of time. There is no such limitation when you stake from your wallet and you can always spend your coins.

DAEDALUS WALLET is a full node (desktop) wallet. This means that unlike light wallets (e.g.Yoroi, Adalite etc.) Daedalus downloads a full copy of the Cardano blockchain and independently validates every transaction in its history. That way you get maximum security and completely trustless operation, without centrally hosted 3rd party servers.

YOROI WALLET is a light (mobile/desktop) wallet for Cardano. It’s simple, fast and secure. Yoroi is an Emurgo product, engineered by IOHK. And it follows best practices for software in the industry including a comprehensive security audit. Yoroi looks to be a day to day wallet for a Cardano user.

Need more info? Check out our most frequently asked questions.

What is Staking ?

As part of the Proof of Stake protocol, new blocks are minted on the blockchain by a staking pool. The pool is chosen pseudo-randomly, based partly on pool size. When you stake your coins, you contribute to the pool size and the likelihood of the pool being chosen to mint new blocks and receive rewards.

What does delegation mean?

Delegation means that ADA holders delegate their stake in the form of ₳ to a stake pool.

It allows holders that do not run their own pool to participate in the network and receive rewards in proportion to the amount staked.

When will I get my rewards?

If you delegated for the first time, it will take 15 – 20 days to get your first rewards.

When a user delegates in epoch X, the delegation will be recorded at the beginning of the next epoch X+1 and get active in epoch X+2.

In epoch X+3 the rewards of the previous epoch X+2 are calculated. Those rewards are distributed at the beginning of epoch X+4.

 

What is an epoch?

n the Cardano network an epoch is a measurement unit for time. Each epoch consists of a number of slots, where each slot lasts for one second. A Cardano epoch currently includes 432000 slots, which equals exact 5 days.

 

 

Do I have to pay for staking?

If you delegate for the first time, you will have to pay 2 ₳ for key deposit. This is required to register your stake address. If you choose to unstake later you will get the key deposit back.

The second fee of ~0.2 ₳ is for transaction costs. You will have to pay this amount for the first time and every time you decide to move to a different pool.

 

Is there a minimum amout for staking?

Basically there is no minimum amount of ₳ required to start delegating but you need to have at least the amount to pay for key deposit and transaction costs (check “Do I have to pay for staking?”).

Some wallets require you to have at least 5 or 10 ₳.

 

Are my funds safe? locked?

Yes, your funds are safe as your ₳ stays in your wallet. You keep full control while they are staked and you can send / withdraw them at anytime (no locking).

 

How are the pool costs calculated?

This calculation uses fictional amounts of ₳.

Lets assume a pool gets 1k ₳ for every block minted and mints 10 blocks in a given epoch.

Active Stake: 10M ₳
Pledge: 100k ₳
Fixed costs: 340 ₳
Margin: 2%

This would result in a total of 10k ₳ in rewards.

  • First, the declared fixed costs (340 ₳) are subtracted and given to the pool operator
  • Next, the declared margin (2% of 9,660 ₳ = 193.2 ₳) is subtracted and given to the pool operator.
  • Finally the remainder (9,466.8 ₳) is split fairly (proportional to delegated stake), amongst all people who delegated to the pool, including the pool owner (Pledge equals 1% of active stake = 94.668 ₳)

In this example the pool operator would get 627.868 ₳ and 9,372.132 ₳ would be split amongst the delegators.

 

How much can I earn staking?

Please refer to the official staking calculator: Staking calculator