Is it worth setting up a solo baker if one only has 10k XTZ or is it better to delegate to a larger baker?
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1"Worth" is relative. If you bake by yourself, you have to care about the node, security, updates, OS and you will have energy cost. But it is "worth" because every baker supports the decentralization of the network. You will also get "full rewards" without paying a fee to a delegation-service. I would say it is "worth" :-)– BlindripperJan 30, 2019 at 12:03
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2worth - as in chances of getting selected. Also is there a way to figure out the odds?– chuksJan 30, 2019 at 12:28
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2On average you would be baking roughly every 2 months and endorsing once a day.– Andreas TissenJan 30, 2019 at 23:43
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1Don’t forget to mark a question “answered” if you feel one deserves the mark!– EzyJan 31, 2019 at 4:01
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2 Answers
Whether it is a good idea to solo-bake with 10k XTZ depends on your goals and what you are willing to contribute.
If it is simply an experiment and you would like to get the experience and fun out of running a baker then go ahead. If this baking operation is critical towards your livelyhood and you cannot tolerate down-time or potential safety faults I would reconsider it. If the latter is true, you should know that running a secure and highly available bakery is a lot of work. For example, ask yourself what happens when you are on a 3 week holiday and after the first 5 days your bakery crashes. Do you fly back to fix it, simply leave it, or did it just ruin your entire holiday. Or whether you are willing to get up at 03:00 in order to fix a hardware failure.
My point is mostly that there are considerations beyond whether you will receive blocks that you should think about.
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2I may want to add that Tezos baking should not be "critical towards your livelyhood".– jdsikaJan 30, 2019 at 22:53
There is a calculator to compare delegation-service rewards:
https://mytezosbaker.com/calculator
And a pretty good site that shows the solo baking rewards:
https://stakingrewards.com/asset/xtz
Or the good old Tezzigator Baking Sheet: (This should show you, which variables are important for the calculation)
