Informations needed for a beginner Validator

Hello Solana Community,

A friend and I bought a powerful computer to mine Chia and we are thinking to upgrade our 64Gb of RAM into 128Gb in order to become Solana’s validator.

My English is not that great and I don’t understand the reward of doing it, can someone explain to me simply, please?

PS 1: I have checked this link but I don’t see anything about rewards there (Validator Information Thread)
PS2 :I have personally some Solana that I am staking on FTX but my friend don’t

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Warning: My comment represents my current understanding of Solana and may not be 100% accurate.

As far as I understand, when you run a validator, you have to get people to stake tokens in your validator. The more tokens that people have staked in your validator, the more likely that it will be chosen to vote on blocks.

When your validator votes on blocks, I think it gets rewarded tokens that will get distributed to the people who put stake in your validator, but you, as the validator, get to set a commission that you will charge on all token rewards generated by your validator. This commision is how you get rewarded in tokens for running a validator.

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hi how r u,

am new too, did u run ur validator yet ?

Hi @ahmedalnaqa and welcome to the forum! :wave:

Since I last commented on this post I’ve learned a lot more about what it takes to run a validator, and it’s actually quite risky financially, and I wouldn’t recommend it for beginners. See this post:

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Thanks so much for ur feedback and greater information.

let me give u my plan and ur advice will be appreciated so much.

am a Data Engineer with 18+ years of IT experience and know some about cloud and I want to be involved in the crypto sector especially in SOL (lovely one) but I don’t have a lot of money to trade or buy SOL’s.

but am expected based on my IT experience to know and learn SOL validator tips and everything related to it and I plan to do it in the next 6-9 months to be able to run my validator at the end of this year with its full power.

My plan is to use AWS(to reduce cost as much) and run on it the validator and will open a company with engineers to support this, my goal is to stake almost 1M SOL’s

This is my plan and my future, what do u think about it?

thanks again.

Replied in your direct message. :+1: