👆 Don't forget to hit like and share if you think it will help others 👆 🔴You can also support if you want by delegating to my Cardano Stake Pool [PAUL] 🔴 ⬇️ Timestamps ⬇️ 0:00 Intro To Cardano Calculators 1:37 Basic ADA Staking Calculator 5:10 ADA Price needed to Retire 6:44 ADA needed to live off Rewards 8:15 Summary Of Cardano Staking Calculators
Paul I love your content! Got in at 0.51 literally because of you! Just wish I'd seen your video when you had uploaded it as my ADA would have been trip but it is what it is. I was wondering if you could make a video about staking say.... 10k ADA in one pool Vs staking 3.3k ADA in 3 pools. Your content is amazing mate thanks for your hard work!
@@RobinHood-qy7vtThanks great to hear you got in there. With staking its a person decision really. One wallet with 10k should give the same as 3 separate accounts. With 3 accounts you would have 3 seed phrases vs 1 with 1 account. If you want to support more than one pool you could split it into multiple accounts
In the Holdings calculator... It would be cool to see "Initial" Investment and continuous monthly investment. So if if I invest 1000 ADA + 50 ADA monthly @ 5% you could potentially make (insert number). Awesome video. Keep them coming!
Hey Paul! awesome calculators!!! I would find useful to have the monthly feature for the "how much ada needed to retire!". And YES a DCA calculator combined with the staking rewards calculator could be a MASTERPIECE!!!!! Many thanks!!!!
Thank you Paul your calculator is immensely useful. One of the best tools we can use and it also works with other kryptos in calculating your goals ☺️👍😉
One thing to keep in mind with calculations like this is that the 5% APY is calculated with comulative rewards. If you withdraw your rewards every 5 weeks you won't have 5% gain over the year, you'll have way less. To counter this you have to set your target of how many coins you hold higher or your income goal lower, or just accept the fact that you have to limit yourself how many times you will withdraw.
Hey Paul thanks for sharing your knowledge. What number are you in stake pool Daedalus? I’m confuse if choose nbr 1 or nbr 313 Notea ? I think yours is a good choice👍🏼
that wasnt a fake pump to be honest (even i hold 0 XRP) whole busniss is cringe RN cuz if it is taking over nobody knows whos the big runner (there will be less than 10) and imagen the money of 7k crypto currencys and a whole fiat system running in it ;)
Great content, as always! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Thanks for the forecast! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Nothing planned on that as its a topic that can change at any time. I have asked some accountants about coming on but no luck yet as its an area I think we will see change in over the next year or 2 as Revenue starts to understand it more
@Paul, it would be nice to have the currency change in the calculators from the standard $ (USD) on the actual input/results fields depending on what current ADA price currency selected at the top of the calculators.
Hey Paul, Im not sure if you talked about this in any of your videos but, I have a question about staking. Im currently staking in your pool and waiting the 20 days. If for example a month has past and I would add another X amount of ada to the pool would I have to wait another 20 days? Or does this only count for the new amount of cardano added?
Hey Paul! What do you do for a living, if you don't mind me asking? And how much time do you allocate to your UA-cam per week? Lovely content by the way, please keep it up, thank you!
Been self employed for over 4 years now and about 95% of my time these days is on Crypto which has been 70-80 hours a week the last 2 months. The majority of that time is gone into this channel and trading for myself.
nice one. but consider. i like it. soon you can think about integration with the future "liquid finance" project, where you can get lending rewards + staking at the same time. 🤣
No you cant have the 2 at the same time but you can earn staking right up to the point you start earning lending rewards. I cover that in my interview with DC a few days ago
You will need to buy ADA on an exchange like Binance or Kraken and then send it to your Yoroi wallet. I go through the process here - www.cardanowithpaul.com/how-to-buy-cardano-choose-a-wallet-and-stake-your-ada/
Hey Johan, The part at the top for selecting the currencies is just to show the current ADA price. I haven't integrated it into the calculations below. The rewards are all in ADA so when it comes to the $ parts you can just ignore the $ sign and mentally replace it with a €. I will try and find a way to integrate it
Can you do a video about short term price outlook? I've just invested a lot of money into ada and am concerned about a correction since the price a has just mooned up! Surely there's got to be some deep red days ahead? No?
If you take a look at my channel I do regular videos on price. Should have a new one out later today too. Short term dips are possible but long term I think we are going higher
Question: Will I need to monitor my stakes frequently or I just do it and forget about it? Reason I'm asking is because due to nature of my offshore job I have limited access to internet when I'm at work..
@@CardanoWithPaul Awesome, thanks for the reply. I already posted the same question there too. I'll signup to your newsletter will try out staking my ADA 🙏🏼💎
Hey Paul, I have a question about moving ADA from one wallet to another and staking times. When one first starts to stake ADA from a wallet there is a 20 day no payout time right? I have ADA staked in one wallet ATM, but want to move it to another to stake there. Would it be best if I first transfered a small amount and start the 20 days process and then move the rest of my ADA after the 20 days to maximize staking because it would still be earning rewards in the old wallet? Cheers
You can move them all except 2 or 3 ADA. After you move you will still be getting rewards in the old wallet so leave the few ADA in it so you can claim all the rewards once you get them and then transfer them to the new wallet after 15 days too
@@allfd2414 the operator gets a share of the total pool rewards based on the fee they set for their pool. As block rewards come down slightly every epoch and number of blocks a pool gets is based on a lotto depending on stake there is no calculator I could build that would give any accurate info over time
Hi Paul. Questions about taxes. I have everything on Binance right now, I want to transfer it over to my cold wallet then start staking. Is that a taxable event? Technically I have to "withdraw" from Binance, but I"m just moving them over to a wallet. But Binance might not see it that way. I don't want to pay short-term capital gains tax. Thoughts?
Hi Paul, awesome and useful video! I'm trying to stake currently with some ADA I have on the trust wallet. however, I'm having difficulty transferring it to my Daedalus wallet? it says my ADA is BEP2, is this what's causing my receive address to be invalid? any help would be greatly appreciated.
Trust wallet stores ADA as an asset on the binance chain (BEP2) you will need to send the ADA to binance and then withdraw through the Cardano network to Daedalus.
I need help staking Cardano with Coinbase. I get hung up when the Network Fees aren't calculated and the Withdraw ADA button is grayed out still not allowing me to take the next step. Can someone help me?
Hey Paul, thanks for these videos. Do you or any cardano holders know if i can stake my cardano in the Yoroi wallet from Bittrex? Thanks. Grace n Peace
You would need to send your ADA to Yoroi and then stake from there. I cover staking in yoroi in this video. Timestamps below it to skip to Yoroi - ua-cam.com/video/3ypcYjjJNns/v-deo.html
Can you design this to work for any Coin, not just ADA. If you do that, you may be able to attract a lot more views and users. You can rename it "Universal Staking Rewards Calculator".
I have a question. Does the calculator include fees? I have 300 ADA, and when I try staking, it tells me that I will gain 0.2, but would have to pay 6 to stake. If I pay this 6 everytime I stake, how will I get the reward to be positive if I make 0.2 per every epoch? Could someone please explain ?
Depends on where you’re staking. If you’re using Daedalus (the official ADA wallet from IOHK), then usually the fee to join a stake pool is around 2 ADA. But that fee is one time only. Your rewards are every epoch. Whenever you decide to stop staking you get that fee back too. But this only applies to Daedalus.
Not sure where your staking but you shouldn't be paying 6 ADA in fees to stake. You pay a transaction fee (about 0.17ADA) to stake and a 2 ADA deposit which you get back after you stop. You dont pay any fees on the rewards you receive then
Great Calculators Paul. It would be nice to have if when the currency is selected on top, if the output currency would also change i.e see price in EUR and results in EUR.
@@CardanoWithPaul I actually just watched that video , I think I have somewhat of a good understanding . But my question now is what are your responsibilities when you join a stake pool like what do you have to do
@@nicholasrodenbaugh3472 You don't have to do anything. Just leave it in the pool and get rewards every five days. But the first reward will come after 15 days.
👆 Don't forget to hit like and share if you think it will help others 👆
🔴You can also support if you want by delegating to my Cardano Stake Pool [PAUL] 🔴
⬇️ Timestamps ⬇️
0:00 Intro To Cardano Calculators
1:37 Basic ADA Staking Calculator
5:10 ADA Price needed to Retire
6:44 ADA needed to live off Rewards
8:15 Summary Of Cardano Staking Calculators
Just a head's up, there's a small typo on the "ADA price needed to retire" page: otherwise looks great!
How do we find your Cardano stake pool?
Oh I just saw in your comments the pool Id. But do you have a staking wallet that you recommend?
Paul I love your content! Got in at 0.51 literally because of you! Just wish I'd seen your video when you had uploaded it as my ADA would have been trip but it is what it is.
I was wondering if you could make a video about staking say.... 10k ADA in one pool Vs staking 3.3k ADA in 3 pools.
Your content is amazing mate thanks for your hard work!
@@RobinHood-qy7vtThanks great to hear you got in there. With staking its a person decision really. One wallet with 10k should give the same as 3 separate accounts. With 3 accounts you would have 3 seed phrases vs 1 with 1 account. If you want to support more than one pool you could split it into multiple accounts
In the Holdings calculator... It would be cool to see "Initial" Investment and continuous monthly investment. So if if I invest 1000 ADA + 50 ADA monthly @ 5% you could potentially make (insert number).
Awesome video.
Keep them coming!
That would be very useful.
The resistance of this coin astonishes me. Good work dude.
Good work Paul! Bought more ADA this morning. I'm so happy I found your channel
Very useful calculators Paul, Thank you. Wish I had a time machine to fill my ADA bag. Haha
dw there are too many big holders, ada gonna have one of biggest retracements and u can shop until 2025
btc does 4,1 ADA 2,67% you know what that means ;)
Paul, you're great. Congrats on 16k!
Hey Paul! awesome calculators!!! I would find useful to have the monthly feature for the "how much ada needed to retire!". And YES a DCA calculator combined with the staking rewards calculator could be a MASTERPIECE!!!!!
Many thanks!!!!
Yes I agree with the above suggestions. Handy calculators!
Feeding algorithm. Great stuff as always Paul.
Using these calculators only makes me want to HODL more!!
Wow... I really like the compounding calculator and this is why I staked with you. You give value to everything. Thanks much!
Thanks Robert
Amazing videos, great to have UK representation in the Cardano community 😁
You mean Ireland 😀😎☘
just received my first reward in your stake pool..very very nice :)
Congrats and thanks for choosing my pool.
@@CardanoWithPaul im with you and cardano for the long run.. :)hope this will be my financial freedom
saludos desde Lima-Perú
Great stuff Paul thanks for the Calculators, would love to see DCA calculator.
Your Cardano staking calculator is brilliant - thank you.
Great work... I'm a big ADA fan & hodler!
This is an amazing income calculator you have done.. Appreciate it.. I have bookmarked this to my favourites.. Its a good tool to have.
Cardano to the moon ❤️💕
Thank you Paul your calculator is immensely useful. One of the best tools we can use and it also works with other kryptos in calculating your goals ☺️👍😉
thanks for the effort with the calculators, it helps a lot
One thing to keep in mind with calculations like this is that the 5% APY is calculated with comulative rewards. If you withdraw your rewards every 5 weeks you won't have 5% gain over the year, you'll have way less. To counter this you have to set your target of how many coins you hold higher or your income goal lower, or just accept the fact that you have to limit yourself how many times you will withdraw.
Great tools Paul. The presentation is amazing. Well done mate
Very Useful Content
Thanks Paul
Happy for you Paul! Keep up the good work.
Great channel, just watched your videos today and subscribed
Thanks for this Paul love it! PS Just started staking in your pool today. Keep up the great work!
Thanks Jerred I appreciate you choosing my pool
Very useful tools! Thank you!
Do you by chance know Knox Harrington, video artist? 😄 You get a prize if you get it.
Very Nice Paul! Next step, please add the field monthly investment to hodlers that are using long therm estrategy. Thank you!
Great work My friend!
Well done Paul. Great work as usual.
Great video! Just subscribed and will be watching more! Keep it going!
Thanks a lot. I checked em out. 👍🏽👍🏽👍🏽
Hey Paul thanks for sharing your knowledge. What number are you in stake pool Daedalus? I’m confuse if choose nbr 1 or nbr 313 Notea ? I think yours is a good choice👍🏼
Paul this is dang cool, thanks for making this for us!
im so glad it didnt ended up like that fake ripple pump. its so stable
It has alot comming on line
that wasnt a fake pump to be honest (even i hold 0 XRP) whole busniss is cringe RN cuz if it is taking over nobody knows whos the big runner (there will be less than 10) and imagen the money of 7k crypto currencys and a whole fiat system running in it ;)
people just learning about BTC xD imagen if world hears about ada (especially the one who are konservativ and didnt gaines on btc profits)
Great content! I am new to staking and this is really helpful :-)
Excellent video Paul. Thank you.
Great content, as always! Could you help me with something unrelated: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?
Wow ! $12 ADA will pay my mortgage ! That would be nice and i think that very possible late thi year or next !
Thanks for the forecast! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
Very useful thank you for doing this
Very useful. Thank you! ❤
Will you be doing a tax video in Ireland for crypto ?
Nothing planned on that as its a topic that can change at any time. I have asked some accountants about coming on but no luck yet as its an area I think we will see change in over the next year or 2 as Revenue starts to understand it more
Just joined your stake pool.. Thanks!!
Thanks for joining
@Paul, it would be nice to have the currency change in the calculators from the standard $ (USD) on the actual input/results fields depending on what current ADA price currency selected at the top of the calculators.
Thanks, helpful video.
Hey Paul, Im not sure if you talked about this in any of your videos but, I have a question about staking. Im currently staking in your pool and waiting the 20 days. If for example a month has past and I would add another X amount of ada to the pool would I have to wait another 20 days? Or does this only count for the new amount of cardano added?
Is it too late to get into ADA at this point ?
Hey Paul! What do you do for a living, if you don't mind me asking? And how much time do you allocate to your UA-cam per week? Lovely content by the way, please keep it up, thank you!
Been self employed for over 4 years now and about 95% of my time these days is on Crypto which has been 70-80 hours a week the last 2 months. The majority of that time is gone into this channel and trading for myself.
Staked with PAUL 👍🏻👍🏻
Thanks Kyle appreciate that
@@CardanoWithPaul thanks for the videos, it definitely helps getting comfortable being a beginner!
Will staking rewards ever run out?
Not in our lifetime.
Wont run out but might change up or down. I cover that in this video - ua-cam.com/video/QqzOS7W9APs/v-deo.html
@@CardanoWithPaul thanks great job with the videos!
Hloo mr. Paul please.
Can you tell something about vechain performance in this Bull run
This is good ... Thanks👍
Awesome work
Thank You 🙏
Hi Paul, I would really appreciate the value of ada rewards in btc, usd or any other currency
Paul can you do a video on what are the best UK banks to withdraw profits into? I am having a nightmare finding recent and good advice!
I'm in Ireland so not sure what the story is with UK banks but have seen some other complaining about them too
Great content. 👍
Suggestion: Add an option for how much ADA you would add every year or month in addition to how much you currently hold
Keep them coming
Magnificent !
nice one. but consider. i like it. soon you can think about integration with the future "liquid finance" project, where you can get lending rewards + staking at the same time. 🤣
No you cant have the 2 at the same time but you can earn staking right up to the point you start earning lending rewards. I cover that in my interview with DC a few days ago
Hey Paul, can I change staking pool without having to wait 3 epochs again to earn rewards?
Yes when you change you still earn in your old pool until you start earning in your new one so you shouldn't miss any payouts
@@CardanoWithPaul Thx for the reply! Might join your pool soon
I'm just new to crypto. I already downloaded Yoroi. What's the next step to join your pool?
You will need to buy ADA on an exchange like Binance or Kraken and then send it to your Yoroi wallet. I go through the process here - www.cardanowithpaul.com/how-to-buy-cardano-choose-a-wallet-and-stake-your-ada/
When would be the best time to sell this coin? Should I keep it for the long run?
Hold it man. Gougens coming. Price gonna pump
I dont have any sells in mind yet
@@CardanoWithPaul appreciate the reply, same tbf...just seen it go up and down a couple % in the last few hours. Not doing too much atm
@@StratPIG can’t wait man
@paul, i noticed one thing. When i select EUR, the income goal has still the dollar sign, so maybe you can fix it. Great tool btw
Hey Johan, The part at the top for selecting the currencies is just to show the current ADA price. I haven't integrated it into the calculations below. The rewards are all in ADA so when it comes to the $ parts you can just ignore the $ sign and mentally replace it with a €. I will try and find a way to integrate it
Great thanx for the great content
Can you do a video about short term price outlook? I've just invested a lot of money into ada and am concerned about a correction since the price a has just mooned up! Surely there's got to be some deep red days ahead? No?
If you take a look at my channel I do regular videos on price. Should have a new one out later today too. Short term dips are possible but long term I think we are going higher
If i put 100 ada in your pool how many ada do i get as rewards and what timeline.
Question: Will I need to monitor my stakes frequently or I just do it and forget about it?
Reason I'm asking is because due to nature of my offshore job I have limited access to internet when I'm at work..
No if your in my pools if there is any action needed I will send out a mail once you join the newsletter on my site.
@@CardanoWithPaul Awesome, thanks for the reply. I already posted the same question there too. I'll signup to your newsletter will try out staking my ADA 🙏🏼💎
Thanks mate
🙏🙏Thanks so much cardano how can I get in contact with you
Hey Paul, I have a question about moving ADA from one wallet to another and staking times.
When one first starts to stake ADA from a wallet there is a 20 day no payout time right?
I have ADA staked in one wallet ATM, but want to move it to another to stake there.
Would it be best if I first transfered a small amount and start the 20 days process and then move the rest of my ADA after
the 20 days to maximize staking because it would still be earning rewards in the old wallet?
Cheers
You can move them all except 2 or 3 ADA. After you move you will still be getting rewards in the old wallet so leave the few ADA in it so you can claim all the rewards once you get them and then transfer them to the new wallet after 15 days too
Can you please do a enchanced calculator/video for ada stake operator earnings/rewards? Thanks.
Operator rewards are based on the number of blocks the pool gets and the fees they have set so its not something I can really create a calculator for.
@@CardanoWithPaul well can you just go by current avgs/medians or w/e and just some hypotheticals even? thanks.
@@allfd2414 the operator gets a share of the total pool rewards based on the fee they set for their pool. As block rewards come down slightly every epoch and number of blocks a pool gets is based on a lotto depending on stake there is no calculator I could build that would give any accurate info over time
@@CardanoWithPaul well can you leave the variables up to the user or community to fine tune their liking?
Thanks paul... Ada is struggling to touch 1
It just hit this resistance level for like a day, any small pullbacks is healthy and once it breaks $1 the sky is the limit 🚀
Hi Paul. Questions about taxes. I have everything on Binance right now, I want to transfer it over to my cold wallet then start staking. Is that a taxable event? Technically I have to "withdraw" from Binance, but I"m just moving them over to a wallet. But Binance might not see it that way. I don't want to pay short-term capital gains tax. Thoughts?
Depends on your country and how you are handling your taxes. Really it shouldn't as you are just moving between your own wallets but I'm not a tax guy
Doesn't matter if it is on Binance or in your own wallet. Their yours wherever you store your coins, only thing that matters from a tax viewpoint.
Nice tools!
Good video
Hi Paul, awesome and useful video! I'm trying to stake currently with some ADA I have on the trust wallet. however, I'm having difficulty transferring it to my Daedalus wallet? it says my ADA is BEP2, is this what's causing my receive address to be invalid? any help would be greatly appreciated.
Trust wallet stores ADA as an asset on the binance chain (BEP2) you will need to send the ADA to binance and then withdraw through the Cardano network to Daedalus.
@@CardanoWithPaul oh I see, thank you Paul! I’ll be in your pool soon hopefully!!
Is now still a good time to buy ada? I have about 100$ in eth that I’ve mined and I’m wondering if I should hold it or trade it for something else
Just posted a video on this topic. It's latest on my channel
@@CardanoWithPaul perfect timing lol!
subscribed
Can someone please help me with Cardano Staking Pool i cant find anything anywhere. Any suggestions?
new subscriber and new to crypto/stocks. what is a stake pool?
Welcome Sean. This video will help - ua-cam.com/video/6Xy0gtchMDE/v-deo.html
@@CardanoWithPaul Thanks man. Love the content and its so helpful! Appreciate it.
@@iLxOZ Cheers man, reach out any time
I need help staking Cardano with Coinbase. I get hung up when the Network Fees aren't calculated and the Withdraw ADA button is grayed out still not allowing me to take the next step. Can someone help me?
Hey Paul. Just joined your pool
Thanks Normaan
Do staked rewards automatically get restaked along with your initial staked ada?
Yes anything new added to the wallet is autostaked
I missed time to claim staking rewards, will my rewards go to others wallet
You only need to claim them when you want to move them out of the wallet
@@CardanoWithPaul thanks Paul appreciate your quick reply.
Hey Paul, thanks for these videos. Do you or any cardano holders know if i can stake my cardano in the Yoroi wallet from Bittrex? Thanks. Grace n Peace
You would need to send your ADA to Yoroi and then stake from there. I cover staking in yoroi in this video. Timestamps below it to skip to Yoroi - ua-cam.com/video/3ypcYjjJNns/v-deo.html
Interesting, but such calculations just proves..
Who already got money it's just a game which they can't lose :>
to have a great retirement, Ada needs to reach 86.31 ADA
Is the stake pool listed in the description for Daedalus?
First time staking. Appreciate any help on this, thanks.
Yes if your staking from daedalus you will see my pool if you type in PAUL. Thanks
Can you design this to work for any Coin, not just ADA. If you do that, you may be able to attract a lot more views and users. You can rename it "Universal Staking Rewards Calculator".
I might work on a version like that at some point but it will be on a new site as I will keep this to mainly just Cardano content
Are people currently earning 5% in your pool?
Yes, the last few have been above 5%
I have a question. Does the calculator include fees? I have 300 ADA, and when I try staking, it tells me that I will gain 0.2, but would have to pay 6 to stake. If I pay this 6 everytime I stake, how will I get the reward to be positive if I make 0.2 per every epoch? Could someone please explain ?
Depends on where you’re staking. If you’re using Daedalus (the official ADA wallet from IOHK), then usually the fee to join a stake pool is around 2 ADA. But that fee is one time only. Your rewards are every epoch. Whenever you decide to stop staking you get that fee back too. But this only applies to Daedalus.
Not sure where your staking but you shouldn't be paying 6 ADA in fees to stake. You pay a transaction fee (about 0.17ADA) to stake and a 2 ADA deposit which you get back after you stop. You dont pay any fees on the rewards you receive then
@@CardanoWithPaul I am using Yoroi
@@RaduP3 No you wont pay them 6ADA fees so
So i need 10.000 coins to get 42 coins per month?
where is the link
Top of the description
It’s at 7.06% apy!
What happens if I staked with your pool, and the value per epoch is FAR behind the calculator? What happened?
The rewards vary each epoch due to the way the protocol assigns blocks but in general they average out to the 5% over the year
@@CardanoWithPaul Thank you for the reply :) I am looking into the math of staking in their website. Pretty interesting stuff :)
Great Calculators Paul. It would be nice to have if when the currency is selected on top, if the output currency would also change i.e see price in EUR and results in EUR.
New to all this what exactly is staking ?
This video should help and the page linked below it ua-cam.com/video/6Xy0gtchMDE/v-deo.html
@@CardanoWithPaul I actually just watched that video , I think I have somewhat of a good understanding . But my question now is what are your responsibilities when you join a stake pool like what do you have to do
@@nicholasrodenbaugh3472 You don't have to do anything. Just leave it in the pool and get rewards every five days. But the first reward will come after 15 days.
@@tjsil3528 wow that’s crazy ... thank you
So when I go to the site the calculators dont even show up...?
Should be working now thanks