[ANN][SEM] Semux - Official Thread

[liviux]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

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[vingaard]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined) 

[finthebar]

Hello all, I am new here. What is the target price of 1 SEMUX coin after listing on the exchange? Someone has emailed to me ask for buying. I feel confused about the price.

$3-5 then slow growth to $10 is my guess. This coin has an extremely strong community behind it compared to alot of the bad forks we have seen lately.

I would say this estimate looks conservative, maybe $3-5 in the first few hours and slow growth to $10 within a few days....

Unless the entire market kicks into reverse, this is dynamite.

[thienytcc88]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined) 

So what you mean that I should vote for delegate has less total votes, and the more rewards I can receive.

[hansen.ng]

I have voted for a delegate for few weeks now and I have not received any reward. Do I have to do something extra like leaving the wallet running?

Delegates-and-Validators do not share rewards automatically. Make sure to join the pool or have an agreement with the owner of the validator to share the rewards before placing your votes.

thanks for the info
So semux2 doesn't share rewards. Do not vote for semux2 everyone!
Please share delegates that pay and don't pay here. So we know who to vote for.
thanks

[hansen.ng]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined)  

not necessarily, only if the pool/delegates feel like sharing the reward. I voted for semux2 for few weeks already and received 0 reward. Because semux2 is not sharing the rewards, so I have unvoted semux2. Any pool/delegates that share reward, comment here and you will receive my vote.

[thienytcc88]

I have voted for a delegate for few weeks now and I have not received any reward. Do I have to do something extra like leaving the wallet running?

Delegates-and-Validators do not share rewards automatically. Make sure to join the pool or have an agreement with the owner of the validator to share the rewards before placing your votes.

thanks for the info
So semux2 doesn't share rewards. Do not vote for semux2 everyone!
Please share delegates that pay and don't pay here. So we know who to vote for.
thanks

Yes, I totally agree with your idea. Let share the list of delegates who never share their mined coins every week.

[roflwaffle]

Yes, I totally agree with your idea. Let share the list of delegates who never share their mined coins every week.

You'd have better luck listing the delegates that do share, most do not.

semux.info's pool is available, but is very full.
semuxpool_com is available.  It does pay out for votes, but is not validator yet.

[JWKY]

delegate system too complicate for me 
still not yet do any vote yet
my semux too less, not dare try and error

[joyteq]

Well, I went ahead and joined the Signature Campaign.  The UI is simple, but clean.  The concepts are interesting.  Java is the programming language in which I'm most experienced.  I got all my coins so far through the BTC Airdrop.  I'm looking forward to digging into this deeper.

[joyteq]

semux.info's pool is available, but is very full.
semuxpool_com is available.  It does pay out for votes, but is not validator yet.

I joined this pool two days ago.  You're right, it's pretty full.  My first payout was only 0.16 SEM (despite putting 1400 votes total across the five validators in the pool).

[tigermonkey]

I have voted for a delegate for few weeks now and I have not received any reward. Do I have to do something extra like leaving the wallet running?

Delegates-and-Validators do not share rewards automatically. Make sure to join the pool or have an agreement with the owner of the validator to share the rewards before placing your votes.

thanks for the info
So semux2 doesn't share rewards. Do not vote for semux2 everyone!
Please share delegates that pay and don't pay here. So we know who to vote for.
thanks

Yes, I totally agree with your idea. Let share the list of delegates who never share their mined coins every week.

Yes, it is a good idea to share the list. IMO, delegator should share rewards with the delegates to receive. They can charge some percentage for fee, but shall not take 100% of coins mined.

[joyteq]

For testnet, my understanding is we are limited to 64 validators.  For mainnet, I believe it will increase to 100 validators.  The list of validators is based on the ones that have the top votes.

But how does a validator get selected for the block reward? 

Is it a simple round robin approach, so for testnet, each validator has 1/64'th chance of being selected?  Or is it weighted so that the validators with the most votes always get the reward?  Suppose there are 1 million votes cast.  The top validator has 100000 votes and validator #64 has just 1 vote.  (I'm making numbers up for simplicity.)  Does validator 64 have a 1/64 chance of getting the block reward or only a 1/1000000 chance?

I understand with the launch of the mainnet, those of us who spent 1000 SEM to be a delegate will get that amount "refunded".  Will we get the keep the delegate status in mainnet, or need to spend our refunded 1000 SEM again to get it back?

Are votes only done in whole numbers?  (i.e., can there be a 0.05 vote?)

(I apologize for the basic questions.  The wikis and FAQs seem to gloss over a lot of this--and it's possible I may have missed the section covering it too.)

[tigermonkey]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined) 

So what you mean that I should vote for delegate has less total votes, and the more rewards I can receive.

Is it proportional to the number of coins? A delegator with more coins will receive more rewards (the more votes they get, the more rewards they will receive).

[keyzersoze]

semux.info's pool is available, but is very full.
semuxpool_com is available.  It does pay out for votes, but is not validator yet.

I joined this pool two days ago.  You're right, it's pretty full.  My first payout was only 0.16 SEM (despite putting 1400 votes total across the five validators in the pool).

The pool can’t get full, the more people that join and vote, the more blocks the pool gets to forge, the bigger the payout is for everybody.

The pool calculates payout on a weekly basis, and pays out on mondays I think.
Your payout was small, because you joined at the end of the period. Probably even joined at the end of the last day. And one of their top validators was offline for most of that day.
With 1400 sem, you should get around 4 sem a week. Depending on pool luck.
Triple that when the main-net is launched, if they increase the voting reward accordingly.

[roflwaffle]

semux.info's pool is available, but is very full.
semuxpool_com is available.  It does pay out for votes, but is not validator yet.

I joined this pool two days ago.  You're right, it's pretty full.  My first payout was only 0.16 SEM (despite putting 1400 votes total across the five validators in the pool).

The pool can’t get full, the more people that join and vote, the more blocks the pool gets to forge, the bigger the payout is for everybody.

The pool calculates payout on a weekly basis, and pays out on mondays I think.
Your payout was small, because you joined at the end of the period. Probably even joined at the end of the last day. And one of their top validators was offline for most of that day.
With 1400 sem, you should get around 4 sem a week. Depending on pool luck.
Triple that when the main-net is launched, if they increase the voting reward accordingly.

The pool can be full.  The more people that join and vote, the smaller share each SEM gets you.

if you have one vote in a 31k vote pool, you get 1/31k
if you have one vote in a 70k pool, you get 1/70k

A validator is not rewarded any more or less depending on how many votes it has
it gets the same priority, same number of blocks forged regardless.

A validator only needs ~32k to forge blocks.  The semux.info pools all have 70k+.  thus, a pool with 32k will pay out *twice* as much per vote.

@Override
    public String getPrimaryValidator(List<String> validators, long height, int view) {
        byte[] key = Bytes.merge(Bytes.of(height), Bytes.of(view));
        return validators.get((Hash.h256(key)[0] & 0xff) % validators.size());
    }

There's no notion of votes when deciding who gets to forge next block, only that they have enough votes to become a validator.

There's no luck involved.  For any given block, I can tell you who the next 200 validators to forge blocks will be, and in what order. (Validators are re-evaluated every 200 blocks, so order will change at that point)

It's in your best interest to vote for the pool with the lowest votes that still qualify for validator status (assuming pool fees are equal)

[mdodong]

For testnet, my understanding is we are limited to 64 validators.  For mainnet, I believe it will increase to 100 validators.  The list of validators is based on the ones that have the top votes.

But how does a validator get selected for the block reward? 

Is it a simple round robin approach, so for testnet, each validator has 1/64'th chance of being selected?  Or is it weighted so that the validators with the most votes always get the reward?  Suppose there are 1 million votes cast.  The top validator has 100000 votes and validator #64 has just 1 vote.  (I'm making numbers up for simplicity.)  Does validator 64 have a 1/64 chance of getting the block reward or only a 1/1000000 chance?

I understand with the launch of the mainnet, those of us who spent 1000 SEM to be a delegate will get that amount "refunded".  Will we get the keep the delegate status in mainnet, or need to spend our refunded 1000 SEM again to get it back?

Are votes only done in whole numbers?  (i.e., can there be a 0.05 vote?)

(I apologize for the basic questions.  The wikis and FAQs seem to gloss over a lot of this--and it's possible I may have missed the section covering it too.)

This is a very good question. Regarding validator selection, it was initially round robin type of validation from top to bottom. However there has been change in the process and it is now pseudo random. Meaning the order of validation is no longer from top to bottom but randomly selected until all validator gets a chance to validate. This means that per round each validator will be able to forge a block provided it doesn't miss the validation period.

[chichidori]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined) 

So what you mean that I should vote for delegate has less total votes, and the more rewards I can receive.

Is it proportional to the number of coins? A delegator with more coins will receive more rewards (the more votes they get, the more rewards they will receive).

Voted for someone but never got any from him so yeah its better to make a list of the trusted validators that pays there voters fairly.

[JWKY]

So if I have too less semux (24only), and I only vote 1 SEM
too less rewards?
what is minimum vote to get rewards?

[thienytcc88]

There's something i donțt get it (there are more, but letțs stick to this one)
Why should i use my vote? I see only a disadvantage, i lose the fee (0.05) and i can't figure any advantages...

But if you vote a delegate in the pool

https://semux.info/pool

you will be rewarded every monday with the rate of (your votes/total votes * SEM mined)  

So what you mean that I should vote for delegate has less total votes, and the more rewards I can receive.

Is it proportional to the number of coins? A delegator with more coins will receive more rewards (the more votes they get, the more rewards they will receive).

I believe it set up like a lottery.

The votes are like lotter tickets. The more votes you have, the more chances you have to win the lottery every 30 sec, and get to forge a block.

Haha interesting explain. It 's really make sense at this time. Looks like every ticket cost 1,05 sem coins.