Reward payment schedule
1
Step 1 - DELEGATE
Within 1 cycle, the blockchain is made SNAPSHOT. All rights for bakers are present on the snapshot. 1 cycle ~ 2,8 days.
2
Step 2 - WAITING
It takes 7 cycles for the Tezos blockchain to confirm the delegation. So the waiting time before obtaining the right to bake is 7 cycles ~ 19,6 days.
3
Step 3 - BAKING
All bakers bake the total amount blocks in one cycle. One cycle is equal to 8 192 blocks. These blocks are distributed among all bakers. 1 block - 30 seconds.
4
Step 4 - REWARD
You will receive the first reward after 8 cycles (~ 22,4 days). Further each cycle (~ 2,8 days).
