[ANN][SEM] Semux - Official Thread

[eance]

Hi all, how this works, I didn't vote yet, do we receive dividends for our votes? I appreciate any help

[1715602878]

1715602878

[1715602878]

1715602878

[1715602878]

1715602878

[JWKY]

For semuxpool_com
forged first block.
Only one address was above min payment threshold (where your cut - fee to send it would be not worth it).
I think every hour is a bit overkill for current 1SEM/block.  Will tone it down a little, maybe once per day is more appropriate.

I try give you 1 vote see how the system working 

[kumiskura]

Hi all, how this works, I din't vote yet, do we receive dividends for our votes? I appreciate any help

of course we will not get it,
votes is only can be used for voting.
turning delegates into validators.
for your reference :
https://github.com/semuxproject/semux/wiki/Delegates-and-Validators

[tigermonkey]

so what is the current number of validators?

There are a total of 64 validators in RC5. And there will be 100 validators once main net launches.

[joyteq]

I was shooting for ~35k votes.  
At that rate, each SEM you vote gets you 1/35,000 each block forged
semux.infos pools have about 70k each, so each vote gets you 1/70,000 each block forged,
so 2x.

It's not magical or the other pool being dishonest. Just that they have more votes than is optimal.

However, we have about 50k votes now (kinda exploded), so you get 1/50k per vote compared to 1/70k, so still higher, but not double.

And it pays out every hour, if your earnings for that hour are above 0.2 SEM, else it waits til you have enough.
I may change this to once per day to lower fees, if folks would prefer.

i may open another pool here shortly if there continues to be demand.  If we get to 70k votes
having 2 delegates with 35k each is preferrable.

That's cool.  I was thinking of setting up a pool myself since I already burned the SEM on a delegate, but I haven't had a chance yet to writeup the software to split up the rewards and don't want people voting for me until I've had a chance to write the code and test it.

In the mean time, it's fun to do what-if scenarios.

Please let me know if my math is correct on this:

With 30 second blocks, and 1440 minutes in a day, there should be 2880 blocks minted per day in the network.  With 64 validators in testnet, that means each validator gets roughly 45 SEM (assuming testnet 1 SEM block reward).

Your semuxpool_com has about 62,224 votes now.  The semux.info pool has about 347,239 votes (including 1400 of mine) split across five validators.  So semuxpool_com generates 45 SEM a day and semux.info 225 SEM a day.

My 1400 votes on semux.info should pull in about 0.907 SEM/day (but they only payout weekly) based on (1400/347239)*225.  Or 6.35 SEM/week.

If I were to move my 1400 votes to semuxpool_com, assuming all else stayed equal, I should pull in (1400/(1400+62224))*45 = 0.990 SEM/day or 6.93 SEM/week.

However, to move my votes, because the semux.info pool is split across five validators, it would cost me 0.05*5 + 0.05 in transactions fees, or 0.30 SEM.  So, I'd make 0.08 SEM more per day on your pool, but it would take 4 days of earnings to pay for the transaction fees in changing my vote.  I guess I should leave my votes where they are until mainnet starts.

Is any part of my analysis faulty?

Oh... Do validators also get awarded transaction fees (like Bitcoin miners) or only a block reward?  That might change the calculus a little, but I think most semux blocks have been empty, so I assume there are very little transaction fees being spent now.

[OceanBlue1989]

Hi,I’ve seen my name in the 6th list but haven’t got any token, could you check it and in 5th list I should get 40s but only 20s in my wallet, why?

[kumiskura]

Hi,I’ve seen my name in the 6th list but haven’t got any token, could you check it and in 5th list I should get 40s but only 20s in my wallet, why?

what the hell are you talking about ?
yes you are on 6th list,then ?
the distribution for the signature will be held at january 14 or monday.
why you aksed it now ?
the rewards will be decreased if the participant increasing,
so it was not surprising to see it.
do some math my friend

[monsanto]

Oh... Do validators also get awarded transaction fees (like Bitcoin miners) or only a block reward?  That might change the calculus a little, but I think most semux blocks have been empty, so I assume there are very little transaction fees being spent now.

I don't know if they're doing them anymore, but there must be some nice transaction fees during the 5000 tx stress tests

And your analysis looks okay to me.. looks to be about a 10% difference in payout between the pools.

[JWKY]

Hi,I’ve seen my name in the 6th list but haven’t got any token, could you check it and in 5th list I should get 40s but only 20s in my wallet, why?

what the hell are you talking about ?
yes you are on 6th list,then ?
the distribution for the signature will be held at january 14 or monday.
why you aksed it now ?
the rewards will be decreased if the participant increasing,
so it was not surprising to see it.
do some math my friend

got ppl reply me that they use wrong lists, me as Jr. member only received 7SEM same as last week Newbie rank 7SEM

[roflwaffle]

That's cool.  I was thinking of setting up a pool myself since I already burned the SEM on a delegate, but I haven't had a chance yet to writeup the software to split up the rewards and don't want people voting for me until I've had a chance to write the code and test it.

In the mean time, it's fun to do what-if scenarios.

Please let me know if my math is correct on this:

With 30 second blocks, and 1440 minutes in a day, there should be 2880 blocks minted per day in the network.  With 64 validators in testnet, that means each validator gets roughly 45 SEM (assuming testnet 1 SEM block reward).

Your semuxpool_com has about 62,224 votes now.  The semux.info pool has about 347,239 votes (including 1400 of mine) split across five validators.  So semuxpool_com generates 45 SEM a day and semux.info 225 SEM a day.

My 1400 votes on semux.info should pull in about 0.907 SEM/day (but they only payout weekly) based on (1400/347239)*225.  Or 6.35 SEM/week.

If I were to move my 1400 votes to semuxpool_com, assuming all else stayed equal, I should pull in (1400/(1400+62224))*45 = 0.990 SEM/day or 6.93 SEM/week.

However, to move my votes, because the semux.info pool is split across five validators, it would cost me 0.05*5 + 0.05 in transactions fees, or 0.30 SEM.  So, I'd make 0.08 SEM more per day on your pool, but it would take 4 days of earnings to pay for the transaction fees in changing my vote.  I guess I should leave my votes where they are until mainnet starts.

Is any part of my analysis faulty?

Oh... Do validators also get awarded transaction fees (like Bitcoin miners) or only a block reward?  That might change the calculus a little, but I think most semux blocks have been empty, so I assume there are very little transaction fees being spent now.

Hi, it really depends on how semux.info tallies votes.  If they tally each validator individually, then it will be slightly different, but if they take the pool as a whole, yes.

62k sheesh.  Well if I were a smart guy, I would start a second delegate, and encourage people to move their votes over such that both were validators.  ... hmm.. give me a few minutes.
But as now I have 62k and they have 70k/validator, your math looks correct.

Validators are rewarded transaction fees.  So, whoever mines that block when pools pays out gets a bump (as theres probably 100+ fees in that block if they do it in one). There's not a whole lot of transactions at the moment, so most blocks are empty.

The pool does share these fees.  I assume semux.info shares transaction fees as well.

[roflwaffle]

Hi, due to popularity of semuxpool_com validator pool, I've opened up "semuxpool_com2"

If you have voted for semuxpool_com, you can move over your votes, providing that both stay above ~32k votes, payout will be higher.
Or if you think you missed the bandwagon for the pool, new validator opens us up to having more votes for better payouts.

Of course, if they both end up at 60k, well, then its the same as other pools
More pools the better!

I am working on cleaning up the validator payout pool code to be released as open source software.  I'm interested in long term health of semux, so having the 100 validators all be pools would be amazing.  Expect it around time of semux mainnet release.  Still working on pulling out hardcoded configuration into something more generic.

Pools pay out once per day (originally I had it pay out sooner if you had sufficient stake, but once per day seems best)

[mdodong]

Hi, due to popularity of semuxpool_com validator pool, I've opened up "semuxpool_com2"

If you have voted for semuxpool_com, you can move over your votes, providing that both stay above ~32k votes, payout will be higher.
Or if you think you missed the bandwagon for the pool, new validator opens us up to having more votes for better payouts.

Of course, if they both end up at 60k, well, then its the same as other pools
More pools the better!

I am working on cleaning up the validator payout pool code to be released as open source software.  I'm interested in long term health of semux, so having the 100 validators all be pools would be amazing.  Expect it around time of semux mainnet release.  Still working on pulling out hardcoded configuration into something more generic.

Pools pay out once per day (originally I had it pay out sooner if you had sufficient stake, but once per day seems best)

This is great news. Please share the software so that I can also have my delegate up for voting.

[yyz13857180757]

Semux's signature reward activity is good, the threshold is relatively low, the conscience money gives everyone the welfare. The new people seize the opportunity to work hard to brush some chips in their hands and wait for it to go to the moon.

[rohinihere]

I have joined the semux signature campaign now... I really hope I am not really late to get in..it will be great to see my first semux coin in my wallet after this week 

[Techmozz]

I have joined the semux signature campaign now... I really hope I am not really late to get in..it will be great to see my first semux coin in my wallet after this week 

Same for me

[zemelax]

Explain to me the migration from one pool to another? What is the economic meaning now? And is it 6.93 SEM / century with one pool and 6.35 SEM / century with another is competition?
You will also come to the indicators semux info pool after a while, the only figure starting from the start of the mainnet will increase 3 times.

Who knows from what date the reporting week started? This time also on Saturday? or after payments on Tuesday?

[Hugh_the_Wizard]

Yes, it would be really great to know about the exchanges. Any comments, team?

Also, regarding this question - will it be listed on bestrate,org? I generally use it, so I'd like to see it there!

[mdodong]

Yes, it would be really great to know about the exchanges. Any comments, team?

Also, regarding this question - will it be listed on bestrate,org? I generally use it, so I'd like to see it there!

Specific discussion about exchange listing will be discussed after the launch.

[premium_domainer]

Hi, due to popularity of semuxpool_com validator pool, I've opened up "semuxpool_com2"

If you have voted for semuxpool_com, you can move over your votes, providing that both stay above ~32k votes, payout will be higher.
Or if you think you missed the bandwagon for the pool, new validator opens us up to having more votes for better payouts.

Of course, if they both end up at 60k, well, then its the same as other pools
More pools the better!

I am working on cleaning up the validator payout pool code to be released as open source software.  I'm interested in long term health of semux, so having the 100 validators all be pools would be amazing.  Expect it around time of semux mainnet release.  Still working on pulling out hardcoded configuration into something more generic.

Pools pay out once per day (originally I had it pay out sooner if you had sufficient stake, but once per day seems best)

Wow, thanks for your work.

This kind of things can drive forward the community and token value. With it people can get more reward for their votes. I thank you on my behalf.

[ealarry]

Hi, due to popularity of semuxpool_com validator pool, I've opened up "semuxpool_com2"

If you have voted for semuxpool_com, you can move over your votes, providing that both stay above ~32k votes, payout will be higher.
Or if you think you missed the bandwagon for the pool, new validator opens us up to having more votes for better payouts.

Of course, if they both end up at 60k, well, then its the same as other pools
More pools the better!

I am working on cleaning up the validator payout pool code to be released as open source software.  I'm interested in long term health of semux, so having the 100 validators all be pools would be amazing.  Expect it around time of semux mainnet release.  Still working on pulling out hardcoded configuration into something more generic.

Pools pay out once per day (originally I had it pay out sooner if you had sufficient stake, but once per day seems best)

Wow, thanks for your work.

This kind of things can drive forward the community and token value. With it people can get more reward for their votes. I thank you on my behalf.

Semuxpool_com?How to do semuxpool_com? Is it a mining? Where can I vote? Can I get extra coins?