ADASRN by Sayshar

Ok Vikings, lets look at the numbers in regards to the fee 340 vs 170. THOR produces 10,000 ADA per epoch in rewards. 170 then equates to 1.7%. So if you receive 10 ADA per epoch in rewards, if we reduce the fee by 170, you will receive 10.17 ADA instead. Just use 1.7% on your own rewards amount, and see what the change will be. We feel this is not enough of an impact to our delegators to reduce the fee. Additionally, there is an incentive for us well delegated pools to not change fee, to allow smaller pools to get a little better ROS to compete, and enjoy watching them succeed. But our sentiment on this goes a little deeper. All pools should charge a variable fee. It's got to do with "The race to the bottom"; SPOs charging 170/0 to run a node that is supposed to be the backbone of Cardano, the foundation of Ouroboros. Usually outside of Crypto income, price, profitability equates to quality. (We understand that does not always equate to the Cardano ecosystem, as we have some very talented nerds running 0 variable fee pools. However we still think that is a very bad idea from a business and image standpoint) Here at THOR, we run multiple stby relays, under multiple regulatory jurisdictions , with bare metal backup. And it is fluid. We would like all SPOs to be able to afford this. This is a responsibility we have to the protocol and our delegators. Unfortunately many SPOs run 1 relay with minimum specs. And many SPOs shut down after few months or a year, leaving millions of delegated ADA without rewards. Out there in the real world, the majority of start-ups take 3 years before turning a profit. SPOs should take this into account. The struggle is due to slightly "broken" parameters. We ultimately need to get rid of the fixed fee completely, set a minimum variable fee, and bring K to 1000. This will be the most fair for all. Finally, our fee will vary with the market. If our delegation would ever drop below 5 or 10M ADA, we need to reevaluate the fee to make sure it does not impact our delegators adversely. Additionally, when ADA gets back to ATH and beyond, we will also consider reducing the fee. Lastly, all this has very little to do with THOR team. From the ITN we have never converted 1 ADA into fiat. This means we have exclusively run the Pool out-of-pocket. The profits the pool has made has 100% been recirculated into the ecosystem. So we do not rely on any profits from THOR to run the pool. Our stance is all about the SPO community and protocol as a whole, and what we believe will secure and strengthen the network. Additionally how we present ourselves to Corporations who are considering building on Cardano. Cardano need to portray professionalism. Just like we promote our research based approach, we need to portray SPOs with network integrity. Can't do that with 1 relay pools, because they can't afford a proper infrastructure. Take this for what it is...an opinion, from our viewpoint here in the northern hemisphere. ⚔️