Yeah, me too. I delegated like 500 MINA to a pool, sat back, and then panic checked my wallet every day. Nothing. Zilch. Turns out, Mina's staking isn't like those auto compounding things on exchanges-it's more hands on. Rewards come from blocks your pool wins, and you gotta calculate 'em yourself sometimes. But don't sweat it. I'll walk you through how to figure out your MINA staking rewards right now, step by step. We'll use real tools, grab your numbers, and crunch 'em. Sound good?
In my experience, most folks mess up by not checking the staking ledger or forgetting supercharged stuff. That's where the magic (or headaches) happens. Okay, let's jump in.
Before calculating jack, know your basics. You need your public (that B62.. thing), the pool you're delegated to, and how many MINA you're staking. Open Mina Explorer or Minascan-pick one, they're both solid. Search your address.
Look for the "Staking" tab. It'll show your balance, timing (locked or unlocked?), and pool details. Jot that down. Why? Rewards depend on your weighting in the pool-basically your share of the total stake.
The thing is, pools don't auto pay like Ethereum. Block producers win 720 MINA per block (coinbase reward), plus tx fees minus snark fees. They take 5% usually, then split the rest by weighting. You calculate to verify they paid right.
mina ledger dump -disk:ledger.json during the epoch.Got it? Your % is your balance divided by pool total. Simple math. But wait-supercharging boosts unlocked stakes.
Pool's chance per slot? It's φ(α) where α is pool stake over total network currency. But practically, use 1 - 0.25^(yourstake / totalcurrency). Total currency is like 800M-1B MINA usually-check explorer for current.
Example: Say pool has 10M MINA, network 800M. α = 10M/800M = 0.0125. Probability per slot ~0.17% like in the docs. Times 7140 slots = expected ~12 blocks per epoch.
Each block: 720 MINA base. But add tx fees (say 1-5 MINA), subtract snark (0.5-2 MINA). Pool fee 5%, rest to you proportional.
I usually plug this into a spreadsheet. Here's a quick one I made:
| Your Stake | Pool Total | Network Total | Expected Blocks | Your Share % | Rewards/Epoch (est) |
|---|---|---|---|---|---|
| 10,000 MINA | 1M | 800M | 8.9 | 1% | ~50 MINA |
| 50,000 MINA | 5M | 900M | 9.5 | 1% | MINA |
| 100,000 MINA | 2M | 850M | 16.8 | 5% | MINA |
These are ballparks. Adjust for real numbers. Why does this matter? Pools might underpay if you don't check.
Here's where it gets fun. If the winning account has only unlocked tokens, coinbase doubles to 1440 MINA. But it's weighted by how "untimed" you are.
Timed weighting: If fully unlocked whole epoch, 1. If locked whole time, 0. Partial? Fraction of slots untimed / 7140.
Supercharged factor slides: 1 + (1 / ((1 + txfees) / (coinbase - coinbasesnark)) ). Tx fees 0? 2x. High fees? Closer to 1x.
Example from real ledger: Three delegators, A untimed (20k stake), B untimed (50k), C locked (30k). Pool 100k.
Low tx fees (5 MINA), supercharged coinbase 400. Factor ~1.98 for untimed.
Effective stakes: A 39.6k, B 99k, C 30k. Total effective 6k.
Reward split: A 23.5%, B 58.7%, C 17.8%. Boom-unlocked get extra.
High fees (5000 MINA)? Factor drops to ~1.04. Splits closer to original %.
In my experience, check winningAccount per block on explorer. If it's unlocked, apply supercharge to that block's payout.
Ready to do it live? Grab coffee. This takes 10 mins.
Stuck on GraphQL? Use Mina Explorer's playground. Query like:
{ blocks( query: {creator: {publicKey: {is: "B62yourpoolkey"}}, stateHash: {isCanonical: true}, first: 100} ) { blockHeight rewards { coinbase feeTransfer { amount receiver { publicKey } } } }
} Tweak for your pool. It'll spit JSON-export to CSV.
Potential issue: Orphaned blocks. They don't pay. Only canonical count. Solver? Wait for confirms, check chain status.
Honestly, I bookmark TowerStake. Punch in 10k stake, 1% pool share, 12% inflation target-spits ~1.2% monthly. But verify with ledger.
Quick compare. Exchanges auto stake, but lower APY cuz centralized.
| Platform | APY Est | Pros | Cons |
|---|---|---|---|
| Binance | 5.5% | Easy, liquid | Low yield, custody risk |
| Bitget | 13% | High APY | Fees eat in |
| Everstake | 7.94% | Direct pool | Manual claim sometimes |
| Stakin | 13.54% | Top rate | Check uptime |
| Kraken | 10.79% | Reliable | US friendly but regulated |
| Direct pool (e.g. MinaExplorer) | 12% target | Full control, supercharge | Calc yourself |
Direct usually wins long term. 12% inflation target now (post-2024, no 24% supercharge blanket). But top pools hit 13-15% if performant.
What's next? Pick pool by uptime (99%+), low fees (<5%), payout history. Discord chat #staking pool-ask "how's payout timeliness?"
First epoch? Wait T+2. Delegate in epoch T, rewards calc T+2, paid T+3 start. 14 days x 3 = ~42 days first payout. Patience.
No blocks? Pool too small or bad luck. Check performance stats on explorer.
Wrong split? Recalc with supercharge. Locked tokens? No boost-consider vesting out.
Gas? Mina fees tiny, ~0.00001 MINA per tx. Payouts batched, so cheap.
In my experience, 80% issues are timing. Track epochs: Current on explorer dashboard.
Don't redelegate mid epoch-ledger snapshots end of epoch-2. Your new stake waits next.
Compound: Claim rewards, restake. Boosts weighting.
Run your own node? Need 50k+ MINA viable. Calc break even on TowerStake-servers ~$50/mo.
Tax time? Track every payout. US? Forms 1099 from exchanges, manual for pools.
Question: Pool charges 10%? Ditch 'em. 5% max good.
Python script? Easy. Fetch ledger JSON, loop blocks, apply formulas.
def superchargeweight(txfees, coinbasesnark): return 1 + 1 / ((1 + txfees) / (720 - coinbasesnark)) # adjust coinbase # Then effectivestake = stake ( (superw -1) timedw + 1 )
Play with it. Throw in real block data.
With inflation at 12%, yeah. 10k MINA at 1% pool share, good pool? MINA/year. That's $200 at $1.5/MINA. Scales up.
But network grows, dilution if not staking. Stake or lose purchasing power.
One last thing: Check pool's Discord or site for payout schedule. Some weekly, some epoch end. Set reminders.