Quote from: MasterBruce on February 05, 2018, 07:59:49 PM

Quote from: kaar on February 05, 2018, 07:50:15 PM

Quote from: ~Money~ on February 05, 2018, 05:19:59 PM

Quote from: kaar on February 05, 2018, 04:29:32 PM

Quote from: padama on February 05, 2018, 04:07:10 PM

anyone from the dev team or else can help?

as i don t really understand how this is working

thanks

Only validators can add blocks to the chain. To become a validator, you need two things:
1. Become a delegate - to become one you have to burn 1000 SEM. those burned SEM are gone for ever and you can't get them back.
2. Gather enough votes for your delegate. Only the top 100 voted delegates become validators.

Currently about 33k votes are required to get into the top 100, but this number increases over time. If you don't have enough SEM to vote for yourself, you will need other people to vote for you. To encourage others to vote for you, you can share the block rewards with them - in other words, become a pool. Once someone votes for you, the amount of SEM he voted is locked, however, at any given time he can unvote you and unlock it.
Here is a list of the current operating pools and their fees: https://bitcointalk.org/index.php?topic=2159012.msg29319963#msg29319963.
If you need help setting up a pool, or have any more questions you are welcome to join the Discord channel.

thanks buddy for your complete description, but i have a question, those burned coins will be deducted from coin supply ? it will be saved somewhere ?
with so many delegates registered, i think few thousands of coin supply should have been deducted by now

Yes, burned coins are deducted from the circulating coin supply, so each new delegate reduces the supply of available coins. You can see exactly how many coins have been burned, and other statistics on semux.info. Right now there are 120,000 burned coins - 0.12% of the total supply.

Good source of coin supply statistics:

http://semuxchain.info/stats

Burned coins are deducted from the supply, as well as coins held in the foundation, community and dev funds.
The remaining is shown as locked and available coins in circulation .

Currently:
Locked supply in circulation: 3,499,088 SEM.
Available supply in circulation: 1,183,807 SEM.

@MasterBruce , @kaar
thanks guys for your response, i had not checked the website before asking question and it is a dumb habit i have Tongue