[ANN][SEM] Semux - Official Thread

[roflwaffle]

semuxpool_com and semuxpool_com2 update:
payouts for last ~24 hours went out.

Bug in validator code caused semuxpool_com2 to pay out 2 times (until it ran out of SEM).  Working on fix now

There were only a few addresses that did not meet minimum payout for the day, most voters were paid out.

[keyzersoze]

semuxpool_com and semuxpool_com2 update:
payouts for last ~24 hours went out.

Bug in validator code caused semuxpool_com2 to pay out 2 times (until it ran out of SEM).  Working on fix now

There were only a few addresses that did not meet minimum payout for the day, most voters were paid out.

Thanx mate. Payout recieved.
I Would even settle for a weekly or bi weekly payout, if it’ll save up on transaction fees.
That won’t matter that much though, once main net goes live, fees get smaller.

Only got one payout from com2 btw, I would have sent it back otherwise.

[JWKY]

semuxpool_com and semuxpool_com2 update:
payouts for last ~24 hours went out.

Bug in validator code caused semuxpool_com2 to pay out 2 times (until it ran out of SEM).  Working on fix now

There were only a few addresses that did not meet minimum payout for the day, most voters were paid out.

I have 1 vote each for two pool
look like my votes too less no rewards 

[TWO313]

想请问一下，有没有可以查询SEMUX区块查询网址，能发一个看看么

[dunedainbob]

I would love to see a clearer description of how the pools work once we're on mainnet.  For now, it seems like pools should keep splitting delegates so that they always are in top 100, but with as few votes as possible, such as to maximize their number of eligible delegates.  It's a bit of a race to the bottom.

Why not scale delegate rewards logarithmically with votes?  That way higher-vote delegates get some benefit and incentive, but not perfectly scaling so they don't become overly powerful.

[joyteq]

This is cool project. Wallet needs complete uplift, though.

Out of curiosity, why do you say that?  I thought the wallet UI looked really nice.  Very simple.  Easy to find things.  Not overcrowded.  Just enough to tell you what you need.

[joyteq]

I would love to see a clearer description of how the pools work once we're on mainnet.  For now, it seems like pools should keep splitting delegates so that they always are in top 100, but with as few votes as possible, such as to maximize their number of eligible delegates.  It's a bit of a race to the bottom.

Why not scale delegate rewards logarithmically with votes?  That way higher-vote delegates get some benefit and incentive, but not perfectly scaling so they don't become overly powerful.

Interesting idea to do it logarithmically.  I've be tempted to leave it alone though and just see what happens.

I think the system would be more fair though if the payouts to voters were handled automatically by the semux code itself versus relying on validators to write their own external code to split the rewards.  Also, in that case, you wouldn't have to worry about some validators keeping all the money for themselves and not sharing it with voters (which most seem to do now except for at least two pools of validators).  I suppose though the block size might get really, really big and full with reward splitting if too many voters were participating.  If that happened every 30 seconds, it might just get too large.

If the block reward were split automatically by the semux code itself, it could do things like not charging a transaction fee for transactions related specifically to the payouts to voters.

If the block size would be too large paying every 30 seconds, the semux code could still manage payouts and do a once-a-day payout, but it would have to keep track of data of all the data being accumulated throughout the day in the database.  The code would be trickier, but have much smaller overall block usage.

[TheKryptonian]

In the Week 6 signature campaign list:

0xdfc2a92dceadcd729747e578cef2e773ccee0482,1234600,ricky mei,Member,125
0xfa2060e78930ee5a030f52bf0034d35d39025b1c,1234256,ricky luo,Member,121
0x331ed9a35033509527cf1b76560bb89c693205ff,1233843,ricky wang,Member,144
0x5119bf66c4ceff06499fcaf3d25c0627cad646f4,1279852,ricky lu,Member,110
0xf7b4733160d7c8cec8abb9e47b7683feaca4c68f,1279333,ricky wan,Member,105
0x878954ba4ec9ef08f1a9402103157d4a7ce0313d,1343625,ricky wa,Jr. Member,64
0xb200d8b71d453f3a5b4cce02b525caa17a6d760f,1385988,ricky a,Jr. Member,51
0x1af0cfffcc8584f45958b8628063df332dbe8826,1386041,ricky c,Jr. Member,48

lol.

[mvvu]

I can't open Semux wallet, 1st time it works, I sign up for a new account, 2nd time input my password then it disappear like never opened.
what should I do guys?

[salary123]

Where can one buy some SEM with BTC?

Thanks!

You can buy on SEM here https://bitcointalk.org/index.php?topic=2281323

But always use escrow.Be safe

Here I see a lot of demand, but how to ensure safety? Fair? No third party trust agency?

[mdodong]

I would love to see a clearer description of how the pools work once we're on mainnet.  For now, it seems like pools should keep splitting delegates so that they always are in top 100, but with as few votes as possible, such as to maximize their number of eligible delegates.  It's a bit of a race to the bottom.

Why not scale delegate rewards logarithmically with votes?  That way higher-vote delegates get some benefit and incentive, but not perfectly scaling so they don't become overly powerful.

Interesting idea to do it logarithmically.  I've be tempted to leave it alone though and just see what happens.

I think the system would be more fair though if the payouts to voters were handled automatically by the semux code itself versus relying on validators to write their own external code to split the rewards.  Also, in that case, you wouldn't have to worry about some validators keeping all the money for themselves and not sharing it with voters (which most seem to do now except for at least two pools of validators).  I suppose though the block size might get really, really big and full with reward splitting if too many voters were participating.  If that happened every 30 seconds, it might just get too large.

If the block reward were split automatically by the semux code itself, it could do things like not charging a transaction fee for transactions related specifically to the payouts to voters.

If the block size would be too large paying every 30 seconds, the semux code could still manage payouts and do a once-a-day payout, but it would have to keep track of data of all the data being accumulated throughout the day in the database.  The code would be trickier, but have much smaller overall block usage.

This idea has been explored by the dev team and share some of your concern regarding bloating the blockchain. Personally I am comfortable with the current setup. As time goes we will be able to identify who are the validators sharing profits and who isn't. The economy behind this will playout once we go mainnet.

[mdodong]

Where can one buy some SEM with BTC?

Thanks!

You can buy on SEM here https://bitcointalk.org/index.php?topic=2281323

But always use escrow.Be safe

Here I see a lot of demand, but how to ensure safety? Fair? No third party trust agency?

Since there is no exchange yet always ask for escrow. I have done multiple escrow for this community as well as other known escrow. Make sure to be careful with your trades via OTC or better yet just wait for the mainnet launch and exchange listing.

[mdodong]

I can't open Semux wallet, 1st time it works, I sign up for a new account, 2nd time input my password then it disappear like never opened.
what should I do guys?

Close your semux wallet. Delete the database folder then restart the computer. Open your wallet and see if the password works.

[DaMut]

Where can one buy some SEM with BTC?

Thanks!

You can buy on SEM here https://bitcointalk.org/index.php?topic=2281323

But always use escrow.Be safe

Here I see a lot of demand, but how to ensure safety? Fair? No third party trust agency?

safety ? it is not safe if you do not use an escrow service for doing the trade.
there are no third party from semux team,all that you need to do is find an escrow.
there are a lot of escrows out there or try to contact the staff,because most of them offer you this kind of service
so it is not really hard to find it.

[roflwaffle]

semuxpool_com and semuxpool_com2 update:
payouts for last ~24 hours went out.

Bug in validator code caused semuxpool_com2 to pay out 2 times (until it ran out of SEM).  Working on fix now

There were only a few addresses that did not meet minimum payout for the day, most voters were paid out.

Thanx mate. Payout recieved.
I Would even settle for a weekly or bi weekly payout, if it’ll save up on transaction fees.
That won’t matter that much though, once main net goes live, fees get smaller.

Only got one payout from com2 btw, I would have sent it back otherwise.

Yea, it ran out of funds after the first few (rest of funds were locked thankfully).  I've adjusted the payout db so anyone who got paid double will just receive less tomorrow until they 'earn it back'.  I guess consider it an advance.  No need to send it back those who got it.

I wanted to go aggressively paying at first, as I'm an unknown quantity.  Nice for folks to see payments coming in soon after voting.
It also gives me a chance to catch bugs while the pool has a low balance.  If it were once a week and paid out double, it'd be trouble.

I may play around with lengthening the payout period over the holiday weekend, so I can double check that config works for longer pay periods.  Tomorrows will go out normally.  

This was developed with the low mainnet fees in mind, fees are 10x lower, which is nice!  I don't know that the guy who voted 1SEM will ever see a payout though.

Anyway, thanks for the support!

As a question for how pools 'should' run.  I have 2 validators.  Right now each pay out separately, so votes for one are 1/44k share and other is 1/40k share.
I am playing around with allow configuration to treat them just as one big pool.  So everyone gets 1/84k share of  2x the reward.

At the moment, it doesn't matter, but if i were to start say 'pool3' (I'm not), I want to encourage votes for it, so it would make sense to allow those voters to still receive a share, even though its not forging yet.

Downside is, if I open up a new pool, those who already have votes on a 'full' one have no incentive to balance their votes to the lower one.  And balancing votes is a good thing.

Thoughts?  Pros and cons to each.. just not sure what makes most sense.

[Durr_1412]

Hey devs, If I have my BTC on the exchange site. Can I use that address to claim the airdrop?

[malcolml4]

I looked closely at this project and was very confident about his future application. It greatly improves the current problems, and the prospects are endless.

[pirangueiro]

Hey devs, If I have my BTC on the exchange site. Can I use that address to claim the airdrop?

Exchange wallet doesn´t work for the airdrop!

[Techmozz]

Where can one buy some SEM with BTC?

Thanks!

You can buy on SEM here https://bitcointalk.org/index.php?topic=2281323

But always use escrow.Be safe

Here I see a lot of demand, but how to ensure safety? Fair? No third party trust agency?

safety ? it is not safe if you do not use an escrow service for doing the trade.
there are no third party from semux team,all that you need to do is find an escrow.
there are a lot of escrows out there or try to contact the staff,because most of them offer you this kind of service
so it is not really hard to find it.

For whatever amount, don't trust anyone.
Coinjack scammed me for 250 euros.

[mdodong]

semuxpool_com and semuxpool_com2 update:
payouts for last ~24 hours went out.

Bug in validator code caused semuxpool_com2 to pay out 2 times (until it ran out of SEM).  Working on fix now

There were only a few addresses that did not meet minimum payout for the day, most voters were paid out.

Thanx mate. Payout recieved.
I Would even settle for a weekly or bi weekly payout, if it’ll save up on transaction fees.
That won’t matter that much though, once main net goes live, fees get smaller.

Only got one payout from com2 btw, I would have sent it back otherwise.

I would second this. No need to process daily while we are still on RC network. On the mainnet with the increased block reward and lower network fee you can maybe set a threshold of minimum sems before sharing the rewards.