Quote from: joyteq on January 11, 2018, 03:04:48 AM

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.