
The #Cardano stake pool from #Yorkshire • Single pool operator • Mithril signer • 10% of fees donated to @ydmt
Yorkshire, England
Joined April 2022
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It is with a heavy heart that I write this, but I have made the decision to shut down REETG 😔
I have been thinking about his for the last few weeks, and unfortunately after weighing everything up I feel it is the right decision.
The pool has always been running at a loss, and I knew that would be the case to start with, I knew it was not going to be easy to attract delegators - I just didn't realise how difficult it would be.
With the recent lowering of the min pool cost too this now makes it even less viable - yes I know, I could have kept the cost the same, but then I risk losing more delegators to more competitive pools.
Over the last 1 year and 7 months its become very clear that you'll only do well if:
- Your pool has a high ROA which for small pools who don't mint blocks regularly is pretty much impossible
- You spend all day online constantly engaging which I don't have the time to do
- You're actively building on #Cardano, which again I don't have the time to do due to my job
Just running a stake pool for many people doesn't seem like a viable option, and that's fine, it was just hard for me to admit.
I can't keep losing money on this. It may be better during a bull market, it might not, who knows, but I can't keep waiting around to find out.
It feels like the odds are too stacked against me, and honestly seeing some epochs with 0 blocks, or having an epoch with only 2 and then losing one to a slot battle is soul destroying and it does ware me down.
You then have the recent actions of the CF which to be honest left a really sour taste in my mouth.
I love the Cardano community, and I will still be around and doing what I can to promote Cardano on my personal account, I just can't continue to operate a pool.
I'd like to say a huge thank you to my delegators who have stuck with me, please don't feel like I am saying you didn't do enough, you're amazing! It's just I've realised the SPO life isn't for me.
Here are some great SSPO's that I'd recommend staking with:
@HephyPool
@Upstream_ada
@RcadaPool
@GrahamsNoPlus1
@HUG_Pool
Again, thank you all so much, this isn't goodbye from me, just goodbye from REETG, I will still be around on my personal profile.
Wow this has been emotional to write out, forgive me if I don't reply for a while, I need to wind down and just absorb this a bit.
REETG is an approved pool for the Coinecta FISO, that means that staking with us gives you $ADA and $CNCT.
🌐 cexplorer.io/pool/pool1ds7rt…
#Cardano
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🔥 New block minted
⚒️ Blocks minted this epoch: 1/2
🧱 Lifetime blocks: 207
🍀 Lifetime luck: 107%
📊 Lifetime ROA: 3.16%
🏅 Cexplorer rank: 94
🤝 Thank you to all my delegators
🌐 cexplorer.io/block/5d544864e…
#Cardano #Yorkshire
Reet Good Cardano • REETG retweeted
1/5 Here’s the news you’ve all been waiting for – the #MidnightNetwork devnet is now LIVE. 🎉
We can’t wait to hear your feedback and see what the community will build on it. Let’s go!
Reet Good Cardano • REETG retweeted
Choose your alt layer 1. Ready. Set. Vote 👇👇
35%Solana
43%Cardano
16%Avalanche
6%Sui
12,173 votes • Final results Reet Good Cardano • REETG retweeted
Who is ready for the fist #Cardano & Ergo cross-chain IDO? 🥳
Get ready, the @CoinectaFinance IDO is set to begin soon! 🔥
🏁 Leader log for epoch 448
🕒 2 blocks scheduled
🍀 Luck factor of 90%
Come on Oroborus, stop playing hard to get! 🤣
🤝 Thank you to all my delegators
🌐 cexplorer.io/pool/pool1ds7rt…
#Cardano #Yorkshire
Reet Good Cardano • REETG retweeted
Now that the dust has settled we can take a moment to say a huge thanks to all the contributors & attendees from this years #London #CardanoSummit2023 🇬🇧
We love the #UK #CardanoCommunity... 🧡
Here's a little recap...
(🧵)
@Cardano_CF @InputOutputHK @emurgo_io
Charles also said:
"When I get back to Colorado, I'll do a series of community interviews, a whiteboard video, and also some AMAs on Midnight and related topics"
#Cardano
Replying to @_Dan_Dan_88 @StakeWithPride
Midnight gets part of it's security from Cardano. The native asset of Midnight is a Cardano native asset. Pretty significant link
The Coinecta FISO FAQ is now live.
What does it mean for REETG to be a reserve pool?
"Reserve Stakepools are not included in the CNCT FISO yet! Each time one of the approved pools reaches 5M in live stake, we will upgrade one of the reserve pools to the active pools list."
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I've just made REETG's monthly donation to the Yorkshire Dales Millennium Trust @ydmt.
Thank you to all my delegators who make this possible.
🌳 Total donated so far: £343
🌐 reetg.io/charity
#Cardano #Yorkshire
Wow. Brilliant news!
#Cardano
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REETG is a reserve pool 👀
The @CoinectaFinance FISO details:
Start Nov 11th (Epoch 448) to be counted in Epoch 449
Duration: 10 Epochs (~ 2 Months) 449 to 459 (ending January 10)
Rewards: Total 1,600,000 $CNCT tokens %2 of the total supply will be rewarded to FISO over 10 epochs
coinecta.fi/projects/coinect…
REETG plans to support Midnight too, so delegators will receive ADA and DUST.
No details on the other possible token... Yet.
🌐 cexplorer.io/pool/pool1ds7rt…
#Cardano #Yorkshire
I'm releasing the podcast with the CEO of @MidnightNtwrk tomorrow.
Here's a little detail to get you excited. If you stake your $ADA to a pool running midnight, you'll earn additional tokens.
Bloom will help run Midnight, delegates will earn tokens from Midnight! #Cardano











