Spectrum Pool's Blog

Back to the SPEC microsite

Spectrum Pool - List of Donations

As per our announcements, the Spectrum Pool will be donating a big part of pool fees to charity. For 2020 and 2021 we have selected Pencils of Promise. Currently SPEC donates 40% of pool fees, to the Pencils of Promise. A historical list of the SPEC donation policies can be found on the announcements page.
This is a reverse chronological list of all donations the Spectrum Pool has done since its beginning.

2021-08-14

Between April and July SPEC had a great run, we made 9391₳!!!

So we donate 3756₳ to our chosen charity, Pencils of Promise! I changed the Ada into Euros on the 11th at 09:55:14 which amounted to 5751€ these I exchanged to ZEC to donate via TheGivingBlock. Accounting for transaction fees and the latency between the transactions (ADA->Euro 11th, Euro->ZEC on the 14th) in the end I can happily donate 46.05695ZEC. This is roughly 6700USD!!!

Outgoing Ada:
38478282..de7c4768
59cd106f..860b0fda
b6b904e5..669d2cd2

Outgoing Donation:
2c708dd5..77f810ed

ZEC: 46.05695ⓩ
USD: 6,717.31$
ADA: 3756₳

2021-04-04

In March epochs 249 to 255 got paid out. Total pool fees amounted to 3370₳.
As per our policy 40% of that, 1348₳ (1364.43€, 1,604.60$), goes to Pencils of Promise. This moves our total donated USD to over 3kUSD (3176$)!!! At this point I would like to thank all our supporters, from the 92₳ delegator to our whales, THANK YOU! Without your support this would not be possible!

ZEC: 8.5671ⓩ (8.5672 - 0.0001)
USD: 1,604.6$
ADA: 1348₳

Due dilligence:

Outgoing Ada:
fb92b2b3cb8fc..b211cbc1af28fa32
Outgoing Donation:
35ac49fcd115a..2613720d44de3a6e

2021-03-08

Running a bit late this month (February donation).
In February epochs 243 to 248 got payed out. SPEC collected a total of 1618₳ in pool fees in this period. This amounts to almost 750$ in donations for Pencils of Promise!

Due dilligence:

February was a slow month and we had two epochs where our blocks were all taken by either the slottery or bft nodes. Nonetheless 40% of 1618 Ada is 647₳ in Donations! Since SPEC donates via TheGivingBlock in ZCash I exchanged the Ada to Euros and then to ZCash. 647 Ada to 628 Euros (748.18$) and finally into 5.67329ZEC which where donated to Pencils of Promise as usual.

ZEC: 5.67319ⓩ (5.67329 - 0.0001)
USD: 750.1$
ADA: 647₳

Outgoing Donation: 83da15b425bcdf102ab...cde42e9e7b72408d

2021-01-31

We kicked off 2021 with an amazing active stake of 3.6M Ada!!! From the six epochs that got payed out in January (237-242) SPEC produced blocks on four.

Due dilligence:

Adding the pool fees we get:
376+377+399+397=1549
Of those 40% got donated according to the Spectrum Pool 2021 donation policy.
1549 * 40% = 619.6
Let's round up and donate 620 Ada!

ZEC: 2.89294ⓩ (2.89304 - 0.0001)
USD: 254.3147$
ADA: 620₳

Outgoing Ada: Tx a037627df263e411bd...88fd5dd1ff89af9fe
Outgoing donation: Tx 474b283120be22c82ed6...846b284785dd8f

2020-12-28

SPEC minted one block in epoch 233! 1010 Ada go to Pencils of Promise!!!

This brings the total SPEC donations for 2020 to 4485₳ (568$)! Thanks to everybody for your words of encouragement and advise and thanks to our loyal delegators. Regardless if you are our loyal 10k delegator that is with us since September or the 3.5M₳ whale that joined us five days ago. We love you for helping us realize our mission!

Due dilligence:

For epoch 233 SPEC controlled 120k Ada from the 130k Ada staked to the pool. We since have increased the pledge to 100k and will be using the remaining 20k as petty cash to pay for ongoing expenses from time to time.

Of the 1095 Ada rewards for that epoch 233 block 1010.769230769 are SPEC profit (0.923076923 Stake ownership of 130k). As our mission statement states we will be donating 100% of the SPEC staking income to a charity as long as our stake is so small (SPEC is the main stakeholder). We converted the Ada to SEC 1010.769230769 × 0.00238420 = 2.409876 and donated 2.40987 ZEC to Pencils of Promise via The Giving Block.

Transaction: b481b29d306e6793a97f48563d524fce3833017dadbfeb0686b92ebe384859ab TX on zecmate.com

ZEC: 2.409876ⓩ
USD: 156.4$
ADA: 1010₳

2020-10-23

We made a block! In epoch 221 we made a block and the pool got 1330 Ada for that. So this money was exchanged for 2.23ZEC Zcash on Kraken and donated to the Pencils of Promise via the Giving Block. I am very happy to be able to contribute in this way to two very important things

  1. Empowering the decentralization landscape in IT and Finance.
  2. Giving people chances!

Due dilligence:

ZCASH Donation: https://explorer.zcha.in/transactions/1619b17dd4ab2e51b707a25f3befa26db593bb1cb8c4fa0102a7202760b82b06 ADA outbound: https://explorer.cardano.org/en/transaction?id=76e6d3338c2ec040b7c991d00e065d048797e2a28efc02ff27b72e51e8be3254

ZEC: 2.23ⓩ
USD: 146.6$
ADA: 1330₳

2020-09-02

ZEC: 3.1999ⓩ
USD: 265$
ADA: 2145₳