It was the best of times, it was the worst of times…

β€œIt was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”

― Charles Dickens, A Tale of Two Cities

Epoch 281 was the best of times (11 blocks minted) and Epoch 288 was the worst of times (0 blocks minted). The above quote sums it up. Sometimes you win, sometimes you loose, but on average with ADA you always win πŸ˜‰

More on Leader Logs

Cardano is a Proof-of-Stake blockchain that uses the Ouroboros consensus algorithm, see https://en.wikipedia.org/wiki/Ouroboros_(protocol). Unlike Proof-of-Work blockchains (e.g Bitcoin) we know prior which pools will be given which slots to mine (“or rather confirm transactions”) for the network before the next epoch takes place. So why don’t pools publish this information? At first I thought delegators would love to know their potential earnings in advance so to speak, which is great!. However, there are 2 things to take under consideration. 1-> Because a pool is allocated a slot, doesn’t mean they will mint it. The pool may be offline and or too slow to process the slot and return in time the requirements to the network (or even loose it in a slot battle). and 2-> (and probably more importantly) if the known time and date a pool is set to mint a block it becomes a target for a potential timed attack. So we may look to paste this information but not include the time details in the future? πŸ˜‰

Epoch 281 – our best ever – 11 blocks minted!!

Statistically we should find 3~4 blocks per epoch, now it can happen that we find zero blocks in an epoch but we can also find more. Its a distribution which over time (all epoch’s) should return ~5%. So us finding 11 blocks statistically is less than 0.05%. What are the chances!! lol. Anyway well done to all our delegators. https://adapools.org/pool/51120922fb9d7c0ecbb20378950da7880cb6dd9d3c9e06e17bff6aca

below is Epoch 283 # of expected blocks πŸ™‚

20250K ADA Pledge and 720 ADA Donated – the plebs are doing it!

It may just seem like numbers in the title but its truly changing lives. We continue to increase our pledge at plebpool.com and we now stand at over 20K ADA staked by us (https://adapools.org/pool/51120922fb9d7c0ecbb20378950da7880cb6dd9d3c9e06e17bff6aca). We also have a grand total of 720 ADA donated to https://www.lifechangersa.org/. Please also consider supporting them directly or through our pool which in turn supports them πŸ™‚ Thanks everyone!

Plebpool in Top 500. Running Total donated now at 300 ADA

We at plebpool.com couldn’t be happier. We have entered the Top 500 pools (source adapools.org). Furthermore the donations keep rolling in each and every epoch (current epoch 272) and our running Total donated to https://www.lifechangersa.org/ stands at 300 ADA or roughly R5700 at todays exchange rate. Thanks to everyone that has delegated. You are making a difference!

The Life Boat resource Centre

https://www.lifechangersa.org/life-boat

Latest Donation – another 60 ADA

EpochPool RewardDonated%# Meals @ R35 bought
268362Β ADA60 ADA~16.6%~37 meals
269349.5 ADA60 ADA~17.2%~37 meals
270349.5 ADA60 ADA~17.2%~37 meals
Donations made by Plebpool.com to https://www.lifechangersa.org/ up to Epoch 270 πŸ™‚ Thanks for all the support! Much appreciated. Photos and stories to follow. The breakdown shows our contribution and what it buys here in South Africa! With this donation lifechangersa is able to feed approx. 7 people a meal a day!

https://www.lifechangersa.org/online-store