Big mistake on my part, no excuse for my laziness on not checking first.
Also, I will be responding to all once I get back.
My Apologies again for not checking what I was copying and pasting. You can view my original misleading post under this one, what was I thinking?
It has been a while since I have been on this forum, but thanks to the Tezos community I was contacted to participate in an Important Message to the Tezos Foundation. If you have not done so please read that post!
I have received quite a few emails from people who want to understand their possible return on investment in delegating.
For a more thorough explanation please see this article at chainomatic:
Tezos & The Law of Large Numbers
Probability of Being Selected - Quick Thinking:
- 763,306,929 total tezzies.
- 43,800 outcomes in a month.
(763,306,929 total tezzies) / (43,800 cycle length per month) = 17,427 tezzies you must control to have a chance at being selected.
The variables here are the number of tezzies delegated and the amount of time, cycle length.
Thinking in terms of total percent delegated:
((763,306,929 total tezzies) x (% delegated)) / (43,800 cycle length per month)
100% delegated need 17,427 XTZ
75% delegated need 13,070 XTZ
50% delegated need 8,713 XTZ
25% delegated need 4,356 XTZ
10% delegated need 1,742 XTZ
Given the reality of the math above you gain little by supporting large Tezos-pools and give away too much by centralizing power amongst the large pool operators.
Run the numbers yourself, once you do you will delegate to the independence of Tezos!
Remember Tezos’ rewards your participation at 5% and that is yours and yours alone!
You get that 5% no matter who you choose as your delegate!
Tezos Delegates should not run their service like a casino.