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The Bakeoff
by Tez Baker
Compare up to four bakers
?
Input Field Explanation
Choose up to 4 Bakers to compare.
 
Bakeoff ROI
Tez Baker
 
Tez Baker
 
All Bakers Avg
 
Bakeoff Fee Percentage - Equivalency Table

Note From Tez

This comparison form and table have been provided to illustrate the type of transparency upon which Tezos is structured. The customer does not need to rely upon the industry built upon Tezos to provide transparency; transparency is inherent.

That being said it is also worth noting that at present the ROI average is influenced by the early cycles which achieved high ROIs. Over time there will be many good Bakers all converging around an average ROI. Until that time please give your Baker a chance; especially those of you with Tez Baker :).

For Tezos to be a dominant force we need many successful bakers to be fully decentralised. Please be mindful of this fact.

Ultimately the decision is yours... Enjoy...
?
Input Field Explanation
Choose your Baker to find their fee equivalence across all other Bakers.
 
?
Input Field Explanation
Input the percentage rate (i.e. 14.5 for 14.5%) your Baker is currently applying. Noting that if you're on a dynamic rate just enter a fixed rate you feel is representative.
 
Selected Baker
Address
YR ROI XF Calculation
Annual ROI Excluding Baker Fee

Averaged for every cycle completed; the following formula was used:
FV = PV * (1 + i)n
FV - future value of the investment
PV - present value of the investment
i - interest rate earned in each period
n - number of periods
YR ROI XF
CYC/YR Calculation
Number of Tezos Cycles per year.

= (365*24*60 minutes per year)/(1 minute per block)/(4096 blocks per cycle)
CYC/YR
CYC ROI XF Calculation
Averaged Cycle ROI Excluding Baker Fee

FV = PV * (1 + i)**n
= (1 + (annual roi))**(1.0/(cycles per year)) - 1
CYC ROI XF
YR ROI F Calculation
Annual ROI Including Your Baker Fee

FV = PV * (1 + i)**n
= ((1 + (roi cycle)*(1 - (fee percentage))))**(cycles per year)) - 1
YR ROI F
Tez Baker
9.8%
128.32
0.0726%
8.3%
Comparison Baker
Address
YR ROI XF Calculation
Annual ROI Excluding Baker Fee

Averaged for every cycle completed; the following formula was used:
FV = PV * (1 + i)n
FV - future value of the investment
PV - present value of the investment
i - interest rate earned in each period
n - number of periods
YR ROI XF
YR ROI Diff Calculation
Percentage Difference of Baker's ROI Excluding Fees

= (comparison baker roi) / (selected baker roi) - 1
YR ROI Diff
CYC ROI XF Calculation
Averaged Cycle ROI Excluding Baker Fee

FV = PV * (1 + i)**n
= (1 + (annual roi))**(1.0/(cycles per year)) - 1
CYC ROI XF
Equiv. Fee Calculation
Comparison Baker's equivalent Fee to Your Baker's Fee

FV = PV * (1 + i)**n
= ((((1 + (selected baker roi incl. fee))**(1.0/(cycles per year)) - 1)/(comparison baker cycle roi)) - 1) * -1
Equiv. Fee
Tezos Vote
11.4%
17.1%
0.0843%
26.0%
AirGap
10.4%
6.4%
0.0770%
19.0%
Tezry
10.1%
3.6%
0.0750%
16.8%
Crypto Delegate
10.0%
2.9%
0.0746%
16.3%
Tezos Istanbul
10.0%
2.3%
0.0742%
15.9%
Tezos Capital Legacy
9.9%
1.7%
0.0738%
15.4%
Bake'n'Rolls
9.9%
1.7%
0.0737%
15.4%
TZ Bake
9.9%
1.5%
0.0736%
15.2%
Tezzigator Legacy
9.9%
1.5%
0.0736%
15.2%
Tz Bakery
9.9%
1.5%
0.0736%
15.2%
Happy Tezos
9.8%
0.8%
0.0731%
14.6%
Tz Node
9.8%
0.5%
0.0729%
14.4%
Tez Baker
9.8%
0.0%
0.0726%
14.0%
Illuminarean
9.7%
-0.2%
0.0724%
13.8%
Just a Baker
9.7%
-0.3%
0.0724%
13.8%
XTZ Antipodes
9.7%
-0.6%
0.0722%
13.5%
Tezos Chef
9.7%
-0.6%
0.0721%
13.5%
Tezos Mars
9.7%
-0.7%
0.0721%
13.5%
Staking Facilities
9.7%
-0.8%
0.0720%
13.4%
Tezos Hot Bakery
9.7%
-0.9%
0.0719%
13.2%
TezoSteam
9.7%
-0.9%
0.0719%
13.2%
Cryptium Labs
9.7%
-1.0%
0.0719%
13.2%
Hayek Lab
9.6%
-1.3%
0.0717%
12.9%
888 XTZ
9.6%
-1.5%
0.0715%
12.7%
Tez Patisserie
9.5%
-2.3%
0.0709%
12.0%
At James
9.5%
-2.5%
0.0708%
11.9%
Bakemon
9.4%
-3.3%
0.0702%
11.2%
Tezos Delegate EU
9.4%
-3.7%
0.0700%
10.9%
Bake Tz For Me
9.4%
-3.9%
0.0698%
10.6%
XTZ Master
9.4%
-4.0%
0.0697%
10.5%
Fresh Tezos
9.3%
-4.2%
0.0697%
10.4%
Tz Bank
9.3%
-4.2%
0.0696%
10.4%
Tezos HODL
9.3%
-4.3%
0.0695%
10.3%
Tz Dutch
9.3%
-4.5%
0.0695%
10.2%
TezosBC
9.3%
-4.9%
0.0691%
9.7%
TezDele Baker A
9.3%
-5.0%
0.0691%
9.7%
Tez-Baking
9.3%
-5.0%
0.0691%
9.7%
Staked
9.2%
-6.0%
0.0684%
8.8%
Blockpower
9.1%
-6.5%
0.0680%
8.3%
TEZ Rocket
9.1%
-7.2%
0.0676%
7.7%
You Loaf We Bake
9.0%
-7.5%
0.0674%
7.4%
Ø Crypto Pool
9.0%
-7.7%
0.0672%
7.2%
Tezos Suisse
9.0%
-8.0%
0.0670%
6.9%
Norn Delegate
9.0%
-8.1%
0.0670%
6.8%
Tezos Baker JP
8.9%
-8.4%
0.0667%
6.5%
TezosBr
8.9%
-8.6%
0.0666%
6.3%
Wetez Wallet
8.9%
-8.6%
0.0666%
6.2%
Shake 'n Bake
8.9%
-9.0%
0.0663%
5.9%
Coinbase
8.9%
-9.2%
0.0661%
5.6%
Tezos Bakery
8.8%
-9.5%
0.0659%
5.4%
TezDele Baker B
8.8%
-9.7%
0.0658%
5.2%
View Nodes
8.7%
-10.4%
0.0653%
4.5%
Tezos Panda
8.7%
-10.8%
0.0651%
4.1%
iBakeTezos
8.7%
-11.0%
0.0649%
3.8%
Tezocracy
8.7%
-11.1%
0.0648%
3.7%
XTZ Land
8.7%
-11.3%
0.0647%
3.5%
BAKER-IL
8.6%
-11.7%
0.0644%
3.1%
Lucid Mining
8.6%
-11.8%
0.0643%
3.0%
First Block
8.6%
-12.0%
0.0642%
2.8%
AirBie
8.6%
-12.1%
0.0641%
2.7%
Stir Delegate
8.6%
-12.2%
0.0641%
2.6%
Tez Milk
8.6%
-12.3%
0.0640%
2.5%
Stake House
8.6%
-12.3%
0.0640%
2.5%
XTZ Black
8.5%
-12.5%
0.0638%
2.2%
Tezos Tokyo
8.5%
-12.8%
0.0636%
1.9%
Stakery
8.5%
-12.9%
0.0635%
1.8%
XTZ Delegate
8.5%
-12.9%
0.0635%
1.8%
Bake Tz
8.5%
-13.2%
0.0634%
1.5%
Stack Tezos
8.5%
-13.4%
0.0632%
1.3%
PayTezos
8.4%
-13.4%
0.0632%
1.3%
TezosSEAsia
8.4%
-13.6%
0.0631%
1.1%
My Tezos Baking
8.4%
-13.7%
0.0630%
0.9%
Flippin' tacos
8.4%
-13.9%
0.0629%
0.8%
TezoSpanish
8.4%
-14.2%
0.0627%
0.4%
Tez Boss
8.4%
-14.4%
0.0625%
0.2%
Tezos OTC
8.3%
-14.4%
0.0625%
0.2%
Figment
8.3%
-14.5%
0.0625%
0.1%
Cypher Baker
8.3%
-14.5%
0.0625%
0.1%
Tez Whale
8.3%
-14.7%
0.0623%
-0.2%
Infinity Stones
8.3%
-14.9%
0.0622%
-0.4%
01No.de
8.3%
-14.9%
0.0622%
-0.4%
Tezos Ninja
8.3%
-15.1%
0.0620%
-0.6%
Tezos Moon
8.3%
-15.1%
0.0620%
-0.6%
Zednode
8.3%
-15.3%
0.0618%
-0.9%
Attic Pool
8.3%
-15.4%
0.0618%
-1.0%
Airfoil
8.2%
-15.5%
0.0617%
-1.1%
Tezos Gold
8.2%
-15.6%
0.0617%
-1.1%
Tz Envoy
8.2%
-15.9%
0.0615%
-1.5%
TzBakeOven
8.2%
-16.0%
0.0614%
-1.7%
P2P Validator
8.1%
-16.8%
0.0608%
-2.6%
Baker Avenue
8.1%
-17.3%
0.0605%
-3.2%
Tezos Kitchen
8.0%
-17.6%
0.0603%
-3.5%
XTZ Bakery
8.0%
-17.6%
0.0603%
-3.5%
Baking Tacos
8.0%
-18.0%
0.0600%
-4.0%
Tezos Capital
8.0%
-18.1%
0.0599%
-4.2%
EON
7.9%
-18.6%
0.0596%
-4.7%
Tezos Berlin
7.9%
-18.6%
0.0595%
-4.8%
Ceibo XTZ
7.9%
-19.0%
0.0593%
-5.2%
TezTech Labs
7.9%
-19.1%
0.0592%
-5.4%
Tezos Tacos
7.9%
-19.4%
0.0590%
-5.8%
TeZetetic
7.8%
-19.8%
0.0587%
-6.3%
Validators.com
7.8%
-20.0%
0.0586%
-6.5%
Tezos Rio
7.8%
-20.1%
0.0585%
-6.7%
Tezzigator
7.8%
-20.4%
0.0583%
-7.1%
Stake Bake
7.8%
-20.5%
0.0582%
-7.2%
Baked Tezos
7.7%
-21.0%
0.0579%
-7.8%
Coinone
7.6%
-21.6%
0.0574%
-8.6%
Hot Stake
7.6%
-22.2%
0.0570%
-9.4%
Tezos France
7.6%
-22.5%
0.0568%
-9.9%
Hyper Blocks Pro
7.5%
-23.2%
0.0563%
-10.8%
Own Block
7.3%
-24.8%
0.0552%
-13.0%
LetzBake!
7.3%
-24.8%
0.0552%
-13.1%
Tez Mania
7.2%
-26.3%
0.0541%
-15.4%
Tezos Korea
7.2%
-26.4%
0.0540%
-15.5%
TezosRUs
7.2%
-26.6%
0.0539%
-15.8%
XTZ Baker
7.1%
-26.7%
0.0538%
-15.9%
Tezzieland
7.1%
-27.5%
0.0532%
-17.2%
TezosBakes II
7.1%
-27.7%
0.0531%
-17.4%
Fractalide
7.0%
-28.4%
0.0526%
-18.5%
Tezos Barcelona
6.9%
-29.7%
0.0517%
-20.6%
POS Bakerz
6.8%
-30.3%
0.0513%
-21.7%
Elite Tezos
6.8%
-30.3%
0.0512%
-21.8%
Drunk Tortuga
6.8%
-30.8%
0.0509%
-22.5%
Tezos Cat
6.7%
-31.6%
0.0503%
-24.0%
Tezz City
6.4%
-34.5%
0.0483%
-29.2%
BakeMyStake
5.8%
-40.9%
0.0436%
-43.0%
STB
5.0%
-48.6%
0.0381%
-63.8%

Worked Example

To better explain the Equivalent Fee (far right column) calculation here is an example without the compounding interest effect i.e. just looking at one cycle in isolation.

Baker A charges 10% Fee (known to user) and in the cycle generates 10% profit while Baker B generates 5% profit and Baker C generates 20% profit (Baker B & Baker C Fees are not known).

On a 100XTZ delegation Baker A would return 9XTZ.

Baker B could not match that return without dipping into their own funds as they would have only generated 5XTZ (without fee) so their Equivalent Fee would be -80%; calculated from = (9/5-1)*-1.

Baker C is well in front as they would have generated 20XTZ (without fee) so their Equivalent Fee would be 55%; calculated from = (9/20-1)*-1 i.e. even if Baker C charged a 50% Fee they would still generate more income for the user than Baker A with a 10% Fee (and Baker B of course).