Earn
| Domain: | blockbakery.tez |
| Address: | tz1ewtWje28RQJrRnaKzJi5BVgdG3UTYeC59 |
| Software: | Octez 20.3 |
| Tezos-only: | Yes |
| Profiles: | TzKt.io, TzStats.com, StakingRewards.com |
Delegate
| Estimated APY: | 8.2% ^ |
| Delegate fee: | 7.5% |
| Delegate minimum: | 1 XTZ |
| Funds locked: | No |
| Rewards issued by: | blockrewards.tez |
| Delegate space: | 42,000 XTZ |
Delegations can be made to our regular wallet address: tz1ewtWje28RQJrRnaKzJi5BVgdG3UTYeC59
Delegations can also be made to our .tez wallet address: blockbakery.tez
In the Temple browser extension wallet, scroll to the "TEZ" entry.
If it is your first time delegating, select the blue "NOT DELEGATED" button, scroll to the bottom, select "DELEGATE", copy our wallet address noted above, paste it into the BAKER field, scroll down and select "DELEGATE".
If you would like to select a new baker, select the blue "APY" button, select "RE-DELEGATE", copy our wallet address noted above, paste it into the BAKER field, scroll down and select "DELEGATE".
Stake
| Estimated APY: | 16.3% ^ |
| Stake fee: | 7.5% |
| Stake minimum: | None |
| Funds locked: | Yes (4 cycles) |
| Rewards issued by: | Directly from protocol |
| Stake space: | 30,000 XTZ |
Go to https://stake.tezos.com/, select "Stake," and confirm the disclaimer. Declare the amount you wish to stake. The disclaimer explains that:
Your staked balance is locked until manually unstaked and finalized (4 cycles wait time).
Staked funds are at risk if Block Bakery is slashed for not following Tezos consensus rules.
However, Block Bakery avoids slashing by:
Running only one mainnet baker to prevent double baking or endorsing.
Using a Hardware Security Module (HSM) to securely manage cryptographic keys, ensuring only one valid block or endorsement per slot.
Baking Environment
Our baking environment consists of a room with regulated temperature and humidity, a high-speed wired internet connection, an Intel NUC (i5 processor, 32 GB RAM, 1 TB solid state drive), and 2 Ledger cold storage wallets. Two uninterruptible power supply units are in use: one dedicated to the high-speed wired internet connection and another dedicated to the Intel NUC.
Energy Consumption
| Per Hour: | 0.009 kWh |
| Per Day: | 0.216 kWh/day |
| Per Month: | 6.57 kWh/month |
| Per Year: | 78.84 kWh/year |
Cyclic Donations to RxArt
We donate 10% of our total XTZ earnings each cycle to RxART, a non-profit organization based in New York City that is dedicated to transforming pediatric healthcare facilities into inspiring environments through the power of contemporary art. Their work has transformed medical spaces throughout the United States and Canada. These donations are made possible through The Giving Block.The works featured here are from Derrick Adams (Pediatric Emergency Department at NYC Health + Hospitals/Harlem), Jeff Koons (Advocate Children's Hospital), Takashi Murakami (Children's National Hospital), Julia Chiang (SUNY Upstate Nappi Wellness Institute), and Harold Ancart (Primary Children's Hospital).
Synchronicity, 2022. Michaël Zancan.
View on objkt.com ➜
Trippy Tezos ¤ Cerulean, 2021. Mariah Vicary.
View on teia.art ➜
New color scheme?
Deep Charcoal Gray (#4A4A48)
Muted Gold (#C5A36B)
Dusty Rose (#D4A5A6)
Learn
Cryptography
Q: Which cryptographic curves does Tezos support?
A: Tezos supports three cryptographic curves, each identified by the prefixes 'tz1,' 'tz2,' and 'tz3' in the public key hash: ‘tz1’: Ed25519 elliptic curve
‘tz2’: Secp256k1 elliptic curve
‘tz3’: P-256 elliptic curveThese curves are integral to generating cryptographic key pairs within the Tezos blockchain, providing security and functionality to the network.
Bakers
Q: What is the smallest monetary unit in Tezos?
A: 1 tez (or xtz) is divisible to six decimal places. The smallest unit is called a micro tez and is referred to as one_mutez in the protocol. So, 1 tez = 1,000,000 micro tez. Learn More ➜Q: As a Tezos baker, how can I keep track of rewards after payments?
A: Bakers can use this formula: ((stakingBalance - bakerBalance) / (stakingBalance) * receivedRewards * bakerFee). The bakerBalance is equal to (stakingBalanceMutez - delegatedBalanceMutez) / 1000000. Note how the balances are in mutez (1 tez = 1,000,000 mutez). See these balances in the API endpoint here ➜Q: When processing payments, what does the error "subtraction_underflow" mean?
A: When processing payments, if you encounter a "subtraction_underflow" error, it may be due to a low balance in the wallet that processes payments. The Tezos Gitlab Errors page describes "Underflowing tez subtraction" as "a subtraction of two tez amounts underflowed (i.e., would have led to a negative amount)."Q: Why aren't my profiles on tzstats.com and tzkt.io showing the latest version of my baking software?
A: After an upgrade to baking software, profiles on tzstats.com and tzkt.io will be alerted to fact of the software upgrade the next time your validator is chosen to add a block to the blockchain because the information is included in the block.
Delegators
Q: What are the repercussions of overdelegation?
A: Reward dilution. If our service is overdelegated by 1%, our service (and all delegators) will get 1% less than the amount we would have received if not overdelegated. Learn More ➜Q: What is the annual energy consumption and electricity cost for a Tezos baker?
A: Baking environments vary and energy costs vary throughout the world. As an example, we use an Intel NUC (i5 processor, 32 GB RAM, 1 TB solid state drive). Our annual energy consumption is 78.84 kWh/year and the electricity cost per kWh is approximately $0.25 USD. So, our annual electricity cost is approximately $20.00 USD.Q: Which layer 1 blockchains use formal verification and why is it important?
A: Tezos, Cardano and Algorand use formal verification. Formal verification techniques enhance security and reliability. On Tezos, developers verify the correctness of their code mathematically which mitigates potential vulnerabilities and ensures integrity of the protocol. Learn More ➜Q: How or when is a delegator's amount of delegated XTZ noted for a given cycle?
A: The node takes 16 snapshots per cycle (every 512 blocks) and then, when a new cycle starts, it uses a randomly-selected one of those 16 snapshots of delegated XTZ. Learn More ➜Q: If the validator computer is undergoing maintenance and attestations are missed, will delegators miss out on attestation rewards?
A: More than likely not. Validators need at least 67% of the attestations to go through to get the full cycle reward. We would have to be offline for more than 33% of our attestations to miss out on attestation rewards. Learn More ➜
Art
Q: What are some important dates related to art in the Tezos ecosystem?
A: See the table below. As a reference, the Tezos blockchain (mainnet) launched on September 17, 2018.
Data
Tezos Blockchain
*Data is fetched and refreshed every 10 seconds.
Art
The operator of Block Bakery created Gallery B to showcase compelling digital art managed by blockchain technology and to elevate the recognition of art on the Tezos blockchain. The provenance of all exhibited artworks is managed by the Tezos blockchain.Visit Gallery B.