UAE stake pool – environmentally friendly mining pool

Updated: Oct 21

Cardano is a proof-of-stake blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods. It combines pioneering technologies to provide unparalleled security and sustainability to decentralized applications, systems, and societies.

WHAT IS A STAKE?

Ada held on the Cardano network represents a stake in the network, with the size of the stake proportional to the amount of ada held. The ability to delegate or pledge a stake is fundamental to how Cardano works.

There are two ways an ada holder can earn rewards: by delegating their stake to a stake pool run by someone else, or running their own stake pool. The amount of stake delegated to a given stake pool is the primary way the Ouroboros protocol chooses who should add the next block to the blockchain, and receive a monetary reward for doing so.

The more stake is delegated to a stake pool (up to a certain point), the more likely it is to make the next block – and the rewards are shared between everyone who delegated their stake to that stake pool.

WHAT IS STAKE DELEGATION?

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.

Delegation is supported by Yoroi – wallet for mobile phone and Daedalus – a full-node wallet.

The rewards predicted by this calculator are only an estimate.

Delegate your ADA stake to my Mining Pool (UAE) and get rewarded, this is environmentally friendly to running miners (ASICs).

CoolTank’s Stake Pool – UAE

You can search my stakepool on https://pooltool.io. You should also be able to search my pool by ticker UAE at https://pool.vet and https://adapools.org.

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