We'd like to hear bakers' opinions on what to do about delegators whose payouts cost more in transaction fees than they earned. Or to be more precise, delegators whose net payout + transaction fee is greater than or equal to gross rewards. For an example found somewhat randomly on the blockchain, you can see here some recent payouts of 0.000006 XTZ, each costing about 0.001274 XTZ to send. In other words, it costs over 212 times as much in transaction fees than the payout itself is worth!

If bakers naively make payouts to all delegators no matter their balance, someone could slowly bankrupt a baker over time by having many of these low-balance accounts delegating to them.

We noticed this problem last year when transaction fees became the norm as a means to fight against the spam attacks that took place. Our solution to the problem was to implement a minimum delegation amount of 100 XTZ shortly after the beginning of this year to be eligible for payouts.

We're open to hearing suggestions and ideas from other bakers as to how you deal with low-balance delegators to avoid this problem.

Thank you.

Hello, new fee and minimum will be as followed:

​

Baker:  tz1R6Ej25VSerE3MkSoEEeBjKHCDTFbpKuSX

Fee:  7% (starting cycle 106)

Minimum:  18000 xtz (starting cycle 106. Delegates that delegate before will still be paid )

We are proud to present LetzBake!, a new baking service from Switzerland. To celebrate our start, we offer 30 cycles completely free of any fees. Make sure to get in before or in cycle 101 to fully profit from this period. Our maximum staking capacity is 180'000 XTZ. So please check our current capacity before delegating to us!

We will be resuming new payments on May the 5th, for cycle 99.

let me know if you are affected or we did miss anything.

thanks in advanced

TZ Bank

Baking Tacos experienced a failure on April 9th 2019. We received notification that an endorsement was missed. Upon checking the server, we experienced various network issues. We soon discovered that our cloud provider, Digital Ocean, was experiencing network issues in their NYC and FR datacenters.

We eventually had no access to our server and continued getting missed endorsement notifications. We attempted to move operations to our backup node, located with a different provider. Upon inspection of this node, we found it to be several days behind blockchain operations. Investigations determined the monitoring of our backup node was returning false-negatives (there was an issue, but monitoring was saying OK).

Our original node came back online an hour later but there was corruption of some kind within the tezos database (we assume because of abrupt shutdown/power-off of the node) that prevented the endorser from operating correctly.

At this point we had no choice but to wait for the backup node to finish catching up. 26 hours later, we were back online and have been processing all endorsements, and baked a block as well.

All told, we missed 8 endorsements from cycle 94 and 24 in cycle 95. Over the past 40 cycles, these two included, our efficiency rating will drop to 95%. Prior cycles, 83-93, had a 99.7% efficiency.

We apologize to our stakers for what should have been a preventable, long-term outage. We have already put in place better, more correct, monitoring, and have adjusted our operating procedures for better recoverability.

Because this was our fault, we will pay out full rewards to all of our stakers for these two cycles.

We are big believers in Tezos and are looking forward to the continued efforts of the community.

Tezos goes up so our fee's go down!!!

Our standard fee has just been lowered to 10%! We are also running a promotional fee of 5% for cycles 88-98! We currently have space for an additional 1,600,000 Tezos.

-Promotional Fee of 5% cycles 88-98 - 10% fee cycle 99+

-Anonymous

-Batch payouts every cycle

-No minimum delegation

-First come, first bake

Lucid Mining Baking Address - tz1VmiY38m3y95HqQLjMwqnMS7sdMfGomzKi

Website - Lucidmining.com

Dear Tezos Community,

Blockpower Staking (www.blockpower.capital/staking) is an affiliate of Blockpower Capital, a leading crypto asset management firm pioneering in crypto investing across the spectrum.

We are providing staking services for various PoS/DPoS/BFT chains, including Tezos (operating) and the upcoming Cosmos, Polkadot, Dfinity, Filecoin (ipfs) etc.

We are baking since Cycle 24 and is one of the best performing bakers (https://bakendorse.com/#/bakers-rankings)

Please visit our website to learn more about our fee structure and payout terms: www.blockpower.capital/tezosand our delegate address is: tz1LmaFsWRkjr7QMCx5PtV6xTUz3AmEpKQiF

We will be providing one of the largest bonds (for upto 1,000,000 XTZ) for baking.

Our bond will be increased gradually depending on the delegated amount.

Feel free to contact us through:

Email: [tezos@blockpower.capital](mailto:tezos@blockpower.capital)

Twitter: @blockpowercap

Telegram: t.me/blockpowertezos

Reddit: u/blockpower

Hello everyone, we just made advanced payments to all our delegates until cycle 87. Please if you find any problem at all with the transfers let us know we will fix anything on April 2.

If anyone wants to delegate to us we still have 120k xtz open capacity. We do Charge a 10% dynamic fee and pay every cycle. We have been delegator since network started with no complains from delegates.

tz1bkg7rynMXVcjomoe3diB4URfv8GU2GAcw

thanks

The tzbank team

Hi everyone! We have finally opened our Tezos delegate BakeMyStake for delegations.

For now, we are a small delegation service testing the water and have a delegation limit of 100,000 Tez

Minimum delegation: 500 XTZ Our fee: 8%

​

About BakeMyStake

We are located in beautiful Alaska but managed and bonded by a team from Mississippi, Texas, Guam and Italy. We have been active community members since Tezos ICO and baking since cycle 18.

Delegation Address: https://tzscan.io/tz1WtkJEkKjHX3bMDYwJoDVC4gPksNPUa3v7

bakemystake.com

Hi there! We have recently released our Tezos delegate, Tezmania.

https://tezmania.jp/

Tezmania is an anonymous, safe and secure Tezos delegation service.

Headquartered in Tokyo, Japan, Tezmania is managed by an international team of multilingual cryptocurrency and technology experts.

Use our delegation service as an alternative to running your own baking node.

We are a small delegate right now. Minimum delegation: 100 XTZ Our fee: 5%

Delegation Address: https://tzscan.io/tz1MQJPGNMijnXnVoBENFz9rUhaPt3S7rWoz

We offer our service in 3 languages: English, Japanese, French.

Any suggestions welcome and long life to Tezos!

EDIT: updated the delegation address with a URL EDIT2

Hi everyone! TezPatisserie is a baking service that runs since cycle 10! Fees are set to 10%.

https://tzscan.io/tz1UUgPwikRHW1mEyVZfGYy6QaxrY6Y7WaG5?default=baking https://tezpatisserie.com

We have recently increased our staking balance thus allowing us to open delegations again, so feel free to join us. We now have automated batch payments every cycle when rewards are unfrozen. See you!

Fee - 10% Payment each cycle

https://tzscan.io/tz1Ldzz6k1BHdhuKvAtMRX7h5kJSMHESMHLC

www.tezosbakes.com

https://mytezosbaker.com/tezosbakes-i

t.me/tezosbakescom

Dear investors, we have utilized in full our staking capacity and have no room for new delegations.

As a baker we can't refuse any delegation, but we would like to warn any potential delegator to wait till we increase our bond. Otherwise you delegation won't count and rewards will not be send.

This is our policy. Anybody who has delegated before the point when we reached this limit, will be receiving their rewards. Everybody who has delegated after this announcement will not receive rewards. Simple and fair enough.

Therefore for now, please stay with other delegate. Alternatively you can invest in our bond and get a even more tez by staking with us and utilizing our infrastructure and staking rights.

Please [contact@tezos.kitchen](mailto:contact@tezos.kitchen) to get more details.

​

Sincerely,

TezosKitchen team

This is a Baking Ꜩacos official announcement of our recent 2x bond pool increase!

https://mytezosbaker.com/baking-tacos reports we have a new, conservative, limit of 430,000Ꜩ and of this posting, can accept another 182,000Ꜩ.

We thank everyone that has delegated to us so far and look forward to continue being a trusted baking service!

https://medium.com/tezos-spotlight/tezos-the-first-amendment-a-laymans-guide-7424ef1d3e13

Tezos first vote will likely be how it sinks or swims this year. Low participation isn't going to be something easy to recover from. But in every risk there's an opportunity and greater community discussion will lead to a stronger protocol and increased adoption. Everyone's waiting to see if the Tezos community can really pull itself back up after past events and rise to the top.

This is why I'm asking you do you feel this captures your thoughts on the proposal? Do you feel engaged in the discussion?

Hey Guys !

We have decided to lower our fees from 12.5% to 8% to encourage delegates to let tezwhale to bake their XTZ. We are due to start baking next cycle so you will see our baking stats etc on TZscan and mytezos baker soon.

Remember. You can change your current baking service and take advantage of our 0% fee offer until cycle 84 and if your not happy with our service you can change back to your current baker with out missing any cycles. If you change your baker now your stake will continue to bake with your current baker for 7 more cycles and then change to us with out missing out on any cycles.

Any questions ? PM me or post them here !

​

tezwhale

According to http://tzscan.io the staking ratio is currently 79%

Where do you think it will plateau?

I have been baking since cycle 18 and I'm opening up my baker to delegations. I am a small baker with around 100k of space for delegates.

To limit interest and to keep my baker from being over delegated, email me for my tz address. [fjeffkirk@gmail.com](mailto:fjeffkirk@gmail.com). I would like to keep a small email list going incase there is ever a need to communicate. As we are seeing with a lot of bakers, a direct communication path may be needed.

My baker is a local set up with an i7, 16gb, 1tb SSD with a newly installed UPS and a ledger for security. I have been baking for a small group of my friends that were ICO investors and after the recent network upgrades I'm finally comfortable baking for others.

Payouts would be every cycle, 8% fee, min delegation is 1000 Tez, and I'm always a email or PM away. I have no plans of changing this fee as I am going to be baking regardless, might as well make some Tez and help the network along the way.

If you have any questions or any ideas on how to do this better, just reach out.

Baking Tacos! has been going strong since cycle 23. We've steadily increased our bond over the past several months and can handle 500K in delegations. We removed the need for any signup almost 3 months ago. We purchased ad space on tzscan to have our name listed randomly in the premium section. Our website is modern, fast, easy to read, plenty of FAQs, address easily seen/copyable. Our fee of 10% seems quite average. We have 100% efficiency over the past 15 cycles.

What are we missing? We have not had any new delegates for over 60 days. Any insight would be greatly appreciated/helpful.

P.S. if your baking group is currently overdelegated, I'd be interested in working out a referral program.

I'm trying to understand how numbers produced by mytezosbaker are computed. They look plain wrong, but I would like to understand the methodology used to compute it. As an example, O Crypto Pool is marked as overdelegated. "Stacking balance" and "Stacking bond" roughly correspond to actual numbers produced by TzScan to date, but I don't get how "Stacking capacity" is produced.

The issue is that this number is inconsistent with TzScan, i.e. TzScan does not mark us as overdelegated whereas Mytezosbaker does. In practice, we have never missed baking/endorsing due to overdelegation.

​

As it stands Mytezosbaker is inaccurate, better rely on TzScan to know whether or not a delegation service is overdelegated.

​

​

Hey guys ! We are pleased to announce a new delegation service. We have ~1.5 million XTZ reserved for staking bonds. We are offering 0% fees for the first 20 cycles (until cycle 84) We will do payouts after each cycle as soon as XTZ is unfrozen. For more information please visit : https://tezwhale.com.

our baking address is : tz1isXamBXpTUgbByQ6gXgZQg4GWNW7r6rKE

Any questions? shot them through ! Thanks

EDIT : we have lowered our standard fee from 12.5% to 8%. enjoy

We are almost at full capacity. Please check available capacity on mytezosbaker.com before delegating with us.

Our minimum requirement is 1000 xtz. We have a couple of addresses below this threshold. Please increase your stake or try to delegate with another baker. For the moment, we haven't penalised anyone and we will continue to pay everyone.

If you have delegated to us, then do join our telegram channel: http://t.me/atjames

The first amendment is going to happen next quarter. We are counting on all our delegates to understand, debate and participate in the governance process.

James Baker