Potential Revenue
- Running a Cardano Stake Pool
- Reduced costs of Cardano Stake Pool
- Submit API for faste transactions – old docs
- Running Batcher and DEX Bots
Requirements
Minimum System Hardware Requirements
- An Intel or AMD x86 processor with two or more cores, at 1.6GHz or faster (2GHz or faster for a stake pool or relay)
- Or, for MacOS, an Apple Silicon (M1, M2 or M3) processor
- 24GB of RAM
- 200GB of free storage (250GB recommended for future growth)
Operating Platforms
- Linux 64-bit (Ubuntu 18.04 LTS, 20.04 LTS; Mint 19.3, 20; Debian 10.3)
- Windows 64-bit (8.1, 10, 11)
- MacOS 10.13, 10.14, 10.15, 11
Internet
- High speed broadband
Network Hardware
- Modem Router with Dynamic DNS updating
Misc
- Understanding of UNIX commandline
- Various cables, power boards, adaptors
Budget & Costs
Hardware $350 – eBay
HP EliteDesk 800 G2 mini i7 6700T 32GB RAM 512GB SSD Win 10 Micro PC WIFI
Internet
$99 per month
Dyn DNS
$55 USD – $4.58 USD per month($7.06 AUD)
Moden Router
Dlink modem router
Electricity
$82.57 per year or $6.88 per month
Total Monthly cost $112.94 AUD.
Additional Extras
Uninterruptible Power Supply (UPS)
Cyberpower Value Pro 700VA UPS $139
1 hour UPS
Additional backup internet
Telstra 4GX USB Dongle $49
Process
- Format the hard drive for Ubuntu & install LTS version
- Firewalls
- Dyn DNS
- Setup the Cardano Node using Guild Tools
- Mithril setup
- Connection optimistion, peers and topology
Setting Up A Cardano Stake Pool
Setting up the block producer overview
Current earnings (1.87 AUD per ADA – 4th Dec 2024)
Average earnings over last 5 epochs 537.8 ADA
73 epochs * 537.8 ADA = 39,259.4 ADA per Annum
Approximately $72,537.04 AUD or $47,167.36 USD
Current costs
Tax 30%
6 epochs a month 3271.65 ADA
1962.97 ADA after tax
$2,358.37 USD / $3,662.27 AUD
Cloud server costs
6 separate cloud instances
$540 USD = $832.82 AUD
Profit
Income after tax $3,662.27
Cloud server costs – $832.82
Profit = $2829.45
Profit during bear market with ADA at 0.5 AUD
Income after tax $981.49
Cloud server costs 832.82
Profit = $148.67
I really appreciate you taking the time to share the insights on the costs and rewards of running a Cardano node. I’m curious to know if the earnings in ADA are proportional to the amount you’ve allocated to your node. Could you also let me know how many ADA you allocated?
Additionally, I’m interested in understanding the role of the HP EliteDesk 800 G2 in this setup. It would be fantastic if you could provide more details on each step involved.
Thank you so much!
Pete thank you very much for the video about setting up a node I am in ACT and want to do the same I will look into getting the right hardware:) I will let you know how it goes:)