Hey people!
I received several message from delegators reaching out to me, asking when and how often they will receive rewards and I wanted to clarify this for everyone here:
We’re currently in epoch 213 (23-28 August). At the beginning of 213 the first rewards were distributed. Those came from epoch 211 (13-18 August) which was the first epoch were blocks could have been produced.
Statistically we should have made about 1.5 Blocks in 211. But there is a certain randomness within the algorithm. So we were unlucky and weren’t assigned to a block. This has nothing to do with poor performance of the pool as we were up and running all the time. Therefore there are unfortunately no rewards yet.
But the good message is: We produced 2 blocks in epoch 212 so you will receive rewards for that at the beginning of the upcoming epoch 214 (28 August)! 🙂
Rewards are distributed completely automatically and you will find them in your wallet. Assuming we are able to produce a block every epoch, you will also receive rewards every epoch, so every 5 days.
Please take a short look at the “Reward Schedule until EOY” for further explanation if you’re interested.
Please note that the blocks assigned to pools are determined by an algorithm which is statistically based. So you will see that the whole system levels out over a longer period of time. That means, that we may not produce our expected blocks in one epoch but then exceed the expected blocks in another epoch. Over a longer time frame it will be the same as consistently making the same amount of blocks.
Thanks for staying with me. Smaller pools really need every delegator! Trying my best to attract some more people to the pool.
Talk to you soon! 🙂