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Topic: [ANN][SEM] Semux - Official Thread - page 269. (Read 694126 times)

full member
Activity: 446
Merit: 105
January 07, 2018, 05:49:40 PM
Thanks.
I also received the airdrops.
member
Activity: 246
Merit: 10
AHQ3sd23QnVDzo8DqEQnhbJyYJhUSuwbmU
January 07, 2018, 05:13:02 PM
Thank you for the coins! I haven't opened my wallet yet but I already saw my address getting paid. This is my first airdrop and I am thankful.
sr. member
Activity: 476
Merit: 266
January 07, 2018, 04:52:35 PM
I'm new to semux.  I only heard about it recently when looking over posts about upcoming BTC airdrops.  I've reviewed posts made by the semux Bitcointalk user, skimmed over the various FAQs and other websites, but I still have a few questions about the project.

It seems like instead of "mining", there is a "forging" process that allows by special nodes called Validators.  To be a Validator, it seems just must first register as a Delegate (burning 1000 SEM) and then get enough "votes" from other nodes (or your own I assume) to rank amongst the top 64 vote getters.  For each SEM you own, you can cast a vote.  When you vote, that SEM becomes "locked" and cannot be spent unless you go back and "unvote" for that delegate.

Does a node (wallet) get anything in return for their votes?  Do they get part of the 1 SEM (soon to be 3 SEM) block rewards from the Validators?  Or do the block rewards go solely to the Validator who forged it?

If you don't get anything in return for your vote, I'm not understanding the point.  It would seem the Delegates would most likely just vote for themselves (if having enough SEM) to stay being a Validator.

Sorry for the probably basic question, but I'm just trying to learn more about the system.  Thanks.

It is a good question.  The answer is just the validator gets the block reward (currently 1 SEM son 3 SEM), but it is an interesting idea that the voters get part of it.  There are forging pools that do this (somehow).  I could be wrong so wait for dev to final answer.

Here is a pool I found.

https://semux.info/pool

Not sure if you get paid for voting if you don’t register, waiting for an answer to that one myself.
sr. member
Activity: 465
Merit: 254
January 07, 2018, 04:44:28 PM
Just registered as a delegate to test it out, unfortunately I do not have enough SEM to become validator, but if a few other people here who do not have enough SEM themselves want to team up and vote for me I will share whatever I make with you.
PM me with how much you can vote and I will try to get this organized if there is enough interest.
legendary
Activity: 1232
Merit: 1001
January 07, 2018, 04:38:35 PM
I'm new to semux.  I only heard about it recently when looking over posts about upcoming BTC airdrops.  I've reviewed posts made by the semux Bitcointalk user, skimmed over the various FAQs and other websites, but I still have a few questions about the project.

It seems like instead of "mining", there is a "forging" process that allows by special nodes called Validators.  To be a Validator, it seems just must first register as a Delegate (burning 1000 SEM) and then get enough "votes" from other nodes (or your own I assume) to rank amongst the top 64 vote getters.  For each SEM you own, you can cast a vote.  When you vote, that SEM becomes "locked" and cannot be spent unless you go back and "unvote" for that delegate.

Does a node (wallet) get anything in return for their votes?  Do they get part of the 1 SEM (soon to be 3 SEM) block rewards from the Validators?  Or do the block rewards go solely to the Validator who forged it?

If you don't get anything in return for your vote, I'm not understanding the point.  It would seem the Delegates would most likely just vote for themselves (if having enough SEM) to stay being a Validator.

Sorry for the probably basic question, but I'm just trying to learn more about the system.  Thanks.

It is a good question.  The answer is just the validator gets the block reward (currently 1 SEM son 3 SEM), but it is an interesting idea that the voters get part of it.  There are forging pools that do this (somehow).  I could be wrong so wait for dev to final answer.
newbie
Activity: 37
Merit: 0
January 07, 2018, 04:32:08 PM
I'm new to semux.  I only heard about it recently when looking over posts about upcoming BTC airdrops.  I've reviewed posts made by the semux Bitcointalk user, skimmed over the various FAQs and other websites, but I still have a few questions about the project.

It seems like instead of "mining", there is a "forging" process that allows by special nodes called Validators.  To be a Validator, it seems just must first register as a Delegate (burning 1000 SEM) and then get enough "votes" from other nodes (or your own I assume) to rank amongst the top 64 vote getters.  For each SEM you own, you can cast a vote.  When you vote, that SEM becomes "locked" and cannot be spent unless you go back and "unvote" for that delegate.

Does a node (wallet) get anything in return for their votes?  Do they get part of the 1 SEM (soon to be 3 SEM) block rewards from the Validators?  Or do the block rewards go solely to the Validator who forged it?

If you don't get anything in return for your vote, I'm not understanding the point.  It would seem the Delegates would most likely just vote for themselves (if having enough SEM) to stay being a Validator.

Sorry for the probably basic question, but I'm just trying to learn more about the system.  Thanks.
legendary
Activity: 1764
Merit: 1012
January 07, 2018, 04:17:44 PM
What is the best way to collect a lot of SEM coins right now?

There is three-way actually.

First is bitcoin airdrop. Second signature campaign. And the last one is buying from otc thread.
sr. member
Activity: 581
Merit: 253
January 07, 2018, 04:15:09 PM
In the airdrop form I am only asked to input my semux address and the signed message. How does anyone know which bitcoin address is connected to the signature if I do not also enter that? Is there some kind of error here?

The signature contains info on both your Btc address and your semux address.

Hence the “signing of the semux address with your bitcoin address” Smiley
That’s why you need to sign the semux address with a specific btc address.

Yes, it's very unusual, and a lot of users are puzzled because of that. I think dev should put a very short explanation why you don't need to input your BTC address...

You can extract the BTC address from the signature, hence you only need the signature.
member
Activity: 84
Merit: 11
January 07, 2018, 04:13:09 PM
Thanks @cryptokat.dev! I managed to figure out what the password is all about. Quite excited about this. Just wished I'm no longer newbie status here. Wink
full member
Activity: 319
Merit: 100
January 07, 2018, 04:03:07 PM
In the airdrop form I am only asked to input my semux address and the signed message. How does anyone know which bitcoin address is connected to the signature if I do not also enter that? Is there some kind of error here?

The signature contains info on both your Btc address and your semux address.

Hence the “signing of the semux address with your bitcoin address” Smiley
That’s why you need to sign the semux address with a specific btc address.

Yes, it's very unusual, and a lot of users are puzzled because of that. I think dev should put a very short explanation why you don't need to input your BTC address...
full member
Activity: 286
Merit: 115
January 07, 2018, 02:54:47 PM
Can we still get involved? I don't know who can explain that.
Of course. Read page 1 and follow the instructions. You are welcome.
full member
Activity: 210
Merit: 100
BLOCKCHAIN VERIFIED PRODUCT REVIEWS PLATFORM
January 07, 2018, 02:29:32 PM
What is the best way to collect a lot of SEM coins right now?

Probably buying and selling on OTC thread https://bitcointalksearch.org/topic/otc-semux-sem-buy-sell-thread-2281323 and then setting up validators.

Be careful with scammers, crazy prices, untrustful accounts and so on...
sr. member
Activity: 476
Merit: 266
January 07, 2018, 02:15:50 PM
In the airdrop form I am only asked to input my semux address and the signed message. How does anyone know which bitcoin address is connected to the signature if I do not also enter that? Is there some kind of error here?

The signature contains info on both your Btc address and your semux address.

Hence the “signing of the semux address with your bitcoin address” Smiley
That’s why you need to sign the semux address with a specific btc address.
sr. member
Activity: 465
Merit: 254
January 07, 2018, 02:10:38 PM
In the airdrop form I am only asked to input my semux address and the signed message. How does anyone know which bitcoin address is connected to the signature if I do not also enter that? Is there some kind of error here?
newbie
Activity: 60
Merit: 0
January 07, 2018, 01:34:35 PM
What is the best way to collect a lot of SEM coins right now?
full member
Activity: 143
Merit: 100
January 07, 2018, 12:26:44 PM
When is launch date?

I don't expect the dev to be very active here in the thread because he must be very busy right now coding and preparing for the mainnet launch! I'm very excited Wink
full member
Activity: 162
Merit: 100
January 07, 2018, 12:06:53 PM
hi, guys, anything news? I have not receive coins today .

Probably there is a slight delay, don't worry. Nobody received the coins yet. I'm sure they will deliver. Some weeks I got payed on Monday...
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