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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
9.4%
128.32
0.0701%
8.0%
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
10.8%
15.3%
0.0803%
24.9%
Tezry
9.7%
3.6%
0.0725%
16.9%
Tezos Istanbul
9.7%
2.9%
0.0720%
16.4%
Crypto Delegate
9.7%
2.9%
0.0720%
16.3%
Bake'n'Rolls
9.6%
1.9%
0.0714%
15.6%
TZ Bake
9.6%
1.9%
0.0713%
15.5%
Tezos Capital Legacy
9.6%
1.8%
0.0713%
15.5%
Tezzigator Legacy
9.6%
1.8%
0.0713%
15.4%
Tz Bakery
9.5%
1.5%
0.0711%
15.2%
Happy Tezos
9.5%
0.8%
0.0706%
14.6%
Tz Node
9.4%
0.4%
0.0703%
14.3%
Just a Baker
9.4%
0.3%
0.0703%
14.3%
Tez Baker
9.4%
0.0%
0.0701%
14.0%
Staking Facilities
9.4%
-0.0%
0.0701%
14.0%
Illuminarean
9.4%
-0.2%
0.0699%
13.8%
TezoSteam
9.4%
-0.4%
0.0698%
13.7%
XTZ Antipodes
9.4%
-0.5%
0.0697%
13.6%
Cryptium Labs
9.3%
-0.6%
0.0696%
13.5%
Tezos Chef
9.3%
-0.7%
0.0696%
13.4%
Tezos Hot Bakery
9.3%
-0.8%
0.0695%
13.3%
888 XTZ
9.3%
-0.9%
0.0695%
13.3%
Tezos Mars
9.3%
-1.0%
0.0694%
13.2%
Hayek Lab
9.3%
-1.3%
0.0692%
12.9%
TezDele Baker A
9.3%
-1.5%
0.0691%
12.8%
Bakemon
9.2%
-1.7%
0.0689%
12.5%
At James
9.2%
-2.5%
0.0684%
11.9%
Tez Patisserie
9.2%
-2.6%
0.0684%
11.8%
Fresh Tezos
9.1%
-3.0%
0.0680%
11.4%
XTZ Master
9.1%
-3.4%
0.0678%
11.1%
Bake Tz For Me
9.1%
-3.6%
0.0677%
11.0%
Tz Dutch
9.0%
-3.9%
0.0674%
10.7%
Tezos HODL
9.0%
-4.1%
0.0673%
10.5%
Staked
9.0%
-4.8%
0.0668%
9.8%
Tz Bank
8.9%
-4.9%
0.0668%
9.8%
Tezos Delegate EU
8.9%
-5.0%
0.0667%
9.7%
Tez-Baking
8.9%
-5.0%
0.0667%
9.6%
TezosBC
8.9%
-5.3%
0.0665%
9.4%
Blockpower
8.9%
-5.5%
0.0664%
9.3%
TezosBr
8.9%
-5.6%
0.0663%
9.1%
TEZ Rocket
8.8%
-6.1%
0.0660%
8.7%
You Loaf We Bake
8.8%
-6.3%
0.0658%
8.4%
Tezos Baker JP
8.8%
-6.6%
0.0656%
8.1%
Ø Crypto Pool
8.8%
-6.7%
0.0655%
8.1%
Tezos Suisse
8.7%
-7.0%
0.0654%
7.8%
Norn Delegate
8.7%
-7.4%
0.0651%
7.4%
Wetez Wallet
8.7%
-7.6%
0.0649%
7.2%
iBakeTezos
8.7%
-7.7%
0.0649%
7.1%
Shake 'n Bake
8.6%
-8.4%
0.0644%
6.5%
Tezos Bakery
8.6%
-8.7%
0.0642%
6.1%
BAKER-IL
8.6%
-9.1%
0.0640%
5.8%
View Nodes
8.5%
-9.2%
0.0639%
5.7%
XTZ Black
8.5%
-9.3%
0.0638%
5.6%
Tezos Panda
8.5%
-9.4%
0.0637%
5.5%
TezDele Baker B
8.5%
-9.5%
0.0637%
5.4%
XTZ Land
8.5%
-9.6%
0.0636%
5.3%
Tezocracy
8.5%
-9.8%
0.0635%
5.1%
Tez Milk
8.4%
-10.4%
0.0631%
4.5%
Lucid Mining
8.4%
-10.5%
0.0630%
4.3%
Stakery
8.4%
-11.0%
0.0627%
3.9%
Stir Delegate
8.4%
-11.0%
0.0627%
3.9%
AirBie
8.4%
-11.1%
0.0626%
3.7%
Stake House
8.4%
-11.1%
0.0626%
3.7%
First Block
8.4%
-11.2%
0.0625%
3.7%
Tezos OTC
8.3%
-11.2%
0.0625%
3.6%
Tezos Tokyo
8.3%
-11.3%
0.0625%
3.6%
XTZ Delegate
8.3%
-11.5%
0.0623%
3.3%
01No.de
8.3%
-11.7%
0.0622%
3.1%
Tezos Moon
8.3%
-12.0%
0.0620%
2.8%
My Tezos Baking
8.3%
-12.1%
0.0619%
2.7%
Coinbase
8.3%
-12.1%
0.0619%
2.7%
PayTezos
8.3%
-12.2%
0.0618%
2.6%
Stack Tezos
8.3%
-12.2%
0.0618%
2.5%
TezosSEAsia
8.2%
-12.4%
0.0617%
2.4%
Cypher Baker
8.2%
-12.5%
0.0617%
2.3%
Figment
8.2%
-12.6%
0.0616%
2.2%
Zednode
8.1%
-13.4%
0.0610%
1.3%
Tez Whale
8.1%
-13.4%
0.0610%
1.3%
Attic Pool
8.1%
-13.7%
0.0608%
1.0%
Airfoil
8.1%
-13.8%
0.0608%
0.8%
Infinity Stones
8.1%
-14.0%
0.0606%
0.6%
Tez Boss
8.1%
-14.1%
0.0605%
0.5%
Baker Avenue
8.1%
-14.2%
0.0605%
0.4%
Tz Envoy
8.0%
-14.4%
0.0603%
0.1%
P2P Validator
8.0%
-14.7%
0.0602%
-0.2%
TzBakeOven
8.0%
-14.9%
0.0600%
-0.4%
AirGap
8.0%
-15.0%
0.0600%
-0.5%
Tezos Kitchen
8.0%
-15.2%
0.0598%
-0.7%
Flippin' tacos
8.0%
-15.2%
0.0598%
-0.7%
Tezos Ninja
8.0%
-15.3%
0.0598%
-0.8%
TezoSpanish
7.9%
-15.6%
0.0595%
-1.2%
Baking Tacos
7.9%
-15.9%
0.0593%
-1.6%
Bake Tz
7.9%
-16.0%
0.0593%
-1.6%
XTZ Bakery
7.9%
-16.4%
0.0590%
-2.2%
Ceibo XTZ
7.8%
-16.6%
0.0589%
-2.4%
EON
7.8%
-16.8%
0.0587%
-2.6%
TeZetetic
7.8%
-16.8%
0.0587%
-2.6%
Tezos Rio
7.8%
-17.2%
0.0585%
-3.1%
Tezos Tacos
7.8%
-17.4%
0.0583%
-3.3%
Tezos Berlin
7.8%
-17.4%
0.0583%
-3.3%
TezTech Labs
7.8%
-17.5%
0.0583%
-3.4%
Stake Bake
7.8%
-17.6%
0.0582%
-3.5%
Tezos France
7.7%
-18.1%
0.0579%
-4.1%
Tezzigator
7.7%
-18.3%
0.0577%
-4.4%
Tezos Capital
7.7%
-18.3%
0.0577%
-4.5%
Coinone
7.6%
-18.9%
0.0573%
-5.1%
Hot Stake
7.6%
-19.2%
0.0571%
-5.6%
Hyper Blocks Pro
7.5%
-19.9%
0.0566%
-6.4%
Elite Tezos
7.4%
-20.8%
0.0560%
-7.7%
Baked Tezos
7.4%
-20.9%
0.0559%
-7.7%
STB
7.4%
-21.2%
0.0557%
-8.2%
Tez Mania
7.3%
-22.1%
0.0551%
-9.4%
Validators.com
7.3%
-22.2%
0.0550%
-9.5%
LetzBake!
7.3%
-22.4%
0.0549%
-9.8%
Own Block
7.2%
-23.9%
0.0539%
-11.8%
Tezos Korea
7.1%
-24.2%
0.0537%
-12.3%
TezosBakes II
7.1%
-25.0%
0.0531%
-13.4%
Fractalide
7.0%
-25.7%
0.0526%
-14.5%
TezosRUs
7.0%
-25.8%
0.0526%
-14.6%
Tezos Cat
6.9%
-26.7%
0.0519%
-16.0%
Tezos Barcelona
6.9%
-27.0%
0.0517%
-16.5%
POS Bakerz
6.8%
-27.2%
0.0516%
-16.7%
XTZ Baker
6.8%
-27.3%
0.0516%
-16.9%
Tezzieland
6.8%
-27.3%
0.0515%
-16.9%
BakeMyStake
6.8%
-28.0%
0.0511%
-18.0%
Drunk Tortuga
6.8%
-28.2%
0.0509%
-18.3%
Tezz City
6.3%
-33.1%
0.0475%
-26.8%

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).