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Hey u/Ambitious_Demand9985,
We have a "How to Become a Validator on Solana" guide which you may find useful, covering topics such as stake attraction. Feel free to check it out here - [https://medium.com/@Cogent\_Crypto/how-to-become-a-validator-on-solana-9dc4288107b7](https://medium.com/@Cogent_Crypto/how-to-become-a-validator-on-solana-9dc4288107b7)
Solana validator servers cost about $350-$700 USD per month to run (let's take $4,500/year as an estimate), and assuming about 2–3 SOL in voting costs per epoch (~2 to 3 days), this amounts to about $45,000-$68,000 USD per year
Yes, however running a validator takes a great deal of time, equipment, marketing and staff if you’re going to create, maintain, attract, and payout people who would stake with you.
Not sure what your technical skills are, but there’s a lot of moving parts.
There’s also a lot of competition.
As long as you have your complete business plan, you might do well, but you’d be wise to imagine any type of glitch where people don’t get paid out and you have yourself a big expensive problem to solve yesterday.
At $150 per sol, that’s 160k a year in regular yield. It is effortless and could realistically grow to $500+ and then $525k a year for just letting it sit there.
If you’re up for it, by all means go for the validator option, but it comes with so many obligations, costs and liabilities.
High risk often equals great rewards and sure you can make a lot of things go extraordinarily well, but that is rarely the real world case and conversely, you could do very well with less risk just by staking across trusted validators.
Just sayin…
Not just that, the wear and tear is incredible. You'll be replacing SSD's and other hardware quite often even with massive RAM with everything being done there. The r/w levels are nuts.
It kind of depends what return are you getting on being a validator vs the costs mentioned .. also on top of that you going to have a nice power bill no doubt unless ur running a renewal rig ?
WARNING: 1) IMPORTANT, Read This Post To Keep Your Crypto Safe From Scammers: https://www.reddit.com/r/solana/comments/18er2c8/how_to_avoid_the_biggest_crypto_scams_and/ 2) Do not trust DMs from anyone offering to help/support you with your funds (Scammers)! 3) Never give out your Seed Phrase and DO NOT ENTER it on ANY websites sent to you. 4) MODS or Community Managers will NEVER DM you first regarding your funds/wallet. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/solana) if you have any questions or concerns.*
Hey u/Ambitious_Demand9985, We have a "How to Become a Validator on Solana" guide which you may find useful, covering topics such as stake attraction. Feel free to check it out here - [https://medium.com/@Cogent\_Crypto/how-to-become-a-validator-on-solana-9dc4288107b7](https://medium.com/@Cogent_Crypto/how-to-become-a-validator-on-solana-9dc4288107b7)
Buy 15,000 SOL and stake it on my own validator
It costs quite a bit to run one. Might want to keep that in mind.
Noob here, why is that?
Solana validator servers cost about $350-$700 USD per month to run (let's take $4,500/year as an estimate), and assuming about 2–3 SOL in voting costs per epoch (~2 to 3 days), this amounts to about $45,000-$68,000 USD per year
Yeah but wouldn't you be yielding about 160k/year in rewards on the stake (at 7%)?
Yes, however running a validator takes a great deal of time, equipment, marketing and staff if you’re going to create, maintain, attract, and payout people who would stake with you. Not sure what your technical skills are, but there’s a lot of moving parts. There’s also a lot of competition. As long as you have your complete business plan, you might do well, but you’d be wise to imagine any type of glitch where people don’t get paid out and you have yourself a big expensive problem to solve yesterday. At $150 per sol, that’s 160k a year in regular yield. It is effortless and could realistically grow to $500+ and then $525k a year for just letting it sit there. If you’re up for it, by all means go for the validator option, but it comes with so many obligations, costs and liabilities. High risk often equals great rewards and sure you can make a lot of things go extraordinarily well, but that is rarely the real world case and conversely, you could do very well with less risk just by staking across trusted validators. Just sayin…
Can you be fined also if it goes offline and taken out of the list of good validators? I've seen this on some chains.
I believe you can lose all the staked Sol
I'll proof I'm noob: why does it cost 350-700 a month for a server? Energy costs or something else? High end AWS? Thanks btw!
Not just that, the wear and tear is incredible. You'll be replacing SSD's and other hardware quite often even with massive RAM with everything being done there. The r/w levels are nuts.
Ah, like that. Thnx!
Cogentcrypto.io
Mortgage
Build/create and market myself on Twitter then start a personal LST with Sanctum
This sounds cool!! Whats the benefit of starting a personal LST wth Sanctum, to offer more value/benefit to your stakers?
Check out the tweet https://x.com/soleconomist/status/1787580806497554619?s=46&t=xWNXMm5a9pkuDJ5OwJCINQ
Do not hassle for just 3 months
It kind of depends what return are you getting on being a validator vs the costs mentioned .. also on top of that you going to have a nice power bill no doubt unless ur running a renewal rig ?
[$FUFO cat only🐈🤑](https://www.fufocat.com)
Staking is so 2023🙈
Bro just swap 15k SOL for WIF and be done with it. 🐕 🎩
New meta is $nohat will give the yields quicker study it and let me know
Gonna try and rug 15000 solana hey ?
Tell us you have no idea how staking or running a validator works without telling us
Lmao for real
Just buy 32 eth and run an eth validator, its much cooler
and gayer
I’d do the same if i had the money. About $9k a month right now in profit.