Impressive information, thanks!
As for fees, someone did the math, and due to the 1000 SEM burn, your asking fee of 1-2% would *never* regain the initial burn, it'd be operating at a loss, even if hardware were free... that seems unreasonable?
At the minimum, as there's 35k votes, and the user threw away 1000, that should at least count as a 'vote' so 1/35 = 2.8% at the bare minimum without recouping any of the initial 1000 burned, so still losing SEM.. Think at 5-8% fee it was something like a year to break even? 25% is like 3 months to break even.
Also you might consider updating your table to add SEM/vote, as it looked like animal pool was really high paying, but doing the math, it was the lowest one.
How did you come to such conclusion? 75 mil coins are block rewards. Divide it by 100 validators. At 2% pool fee it makes 15k. And also there is tx fees.
And even if you look at one year time frame. It's 3153600 per year. 31k per validator. At 3% fee they get their money back in a year.
In conclusion, 3% is the reasonable fee.
I'm referring to if they didn't create a validator and just voted for a pool instead.
So here's an example that might clarify what I think is going on. Then you can tell me where I went wrong.
Ted starts a pool at 3%, burning his 1000, so he has 0.
Bill votes his 1000 for Ted's pool
Assuming both people will revote all their profits, this means
Bill will earn 2.46 SEM/day, forever, as he revote profits, so his % of pool profits remains constant
Ted will earn 2.59 SEM/day, forever, plus the voting power of his profits ∑(1,t) 86.4 * (2.59*t)/(35000 + 86.4t) where t is days
in 1 year, Bill will have 1897 SEM (2.46*365 + the 1000 he still has)
in 1 year, Ted will have 945 SEM from pool + 271 SEM from revoting profits = 1216 SEM
Yes, Ted has his money back, but Bill has more still from not running a pool
in 2 years, Bill will have 2795 SEM
in 2 years, Ted will have 1890 SEM + 810 SEM from revoting = 2700 SEM
Ted is an idiot and should have just voted for a pool.
This is also assuming that Ted is able to keep being a validator for 2 years, his hosting/power is free, his time is free, and semux never has more than 100 validators.
TX fees are not kept by the operator, and don't really come into play, might speed up the 2 years a bit, but pools just treat it like any other forging.
So what am I missing?
