Bitcoin Forum

We have launched a new generation scrypt mining service which I would like to present you.

Magicpool.org automatically mines in the most profitable scrypt auto-switching pool.

Our system is constantly collecting information about the profitability of the current most profitable auto-switching altcoin pools.
Then our internal algorithm selects the best combination and point our stratum servers to it.

We run an intermediate service which ensures your workers always mine in the most profitable pools.
In addition, should any of the pools where we are mining fail (due to a DDOS attack or an internal problem),
our system detects it and immediately changes to the next most profitable working pool.
To prevent excessive switching we base our decision on rounds.

Check our profitability in the stats page: http://magicpool.org/stats.php (http://magicpool.org)

Our fee is as low as 0.5% during the beta period. If you begin mining with our 0.5% introductory offer then that will always be your base fee.

You can mine directly with your BTC address as username:
stratum+tcp://mine.magicpool.org:7777 -u BTCAddress -p x

For a single workers with more than 10MH/s, we have opened a dedicated stratum server
stratum+tcp://mine.magicpool.org:6666 -u BTCAddress -p x

Find more information and statistics here http://magicpool.org (http://magicpool.org)

We are also (as already published in this forum) offering a free operating system for mine: http://magicpool.org/magicos.php (http://magicpool.org/magicos.php)

I hope you enjoy it!

https://www.magicpool.org/downloads/screenshot_stats.png

EDIT: Add colors and screenshot. Add second stratum server

First review :D


The OS is just in one single word GREAT.


List of features:

• Based on Ubuntu GNU/Linux free and open software
• Best Catalyst AMD drivers for Radeon 7950 7970 280x 290x 6950 6990
• The best software for mining scrypt: sgminer already configured
• Support of scrypt, scrypt-n and x11!
• Support for GridSeed 3355 in dual mode
• Very easy to use! You will find many icons in the desktop to do all you need to do
• Automatic detection of hardware and configuration (first time it will self-configure and reboot automatically)
• ReadOnly filesystem, so no filesystem problems when power off suddenly
• Of course it does NOT need VGA/DVI connected to the GPU for mine!
• Full filesystem image provided, so it can be directly burned to an USB stick or a hard drive

Requirements:

• A USB stick or hard drive of, at least 8GB
• Your miner must support booting from USB (most of the current motherboards do)

It was litterly, writing it to an usb, boot it up. Click "configure miner" press 3 for X11, press 2 for a 79XX/280(x) preset. And then automaticly opens the config window.Save it, exit and config script does its thing.

I was mining in less then 2 minutes after boot. Never had such an easy setup for X11 mining. OS supports scrypt, scrypt N and X11 (which is the reason i downloaded) i highly recommend the OS. Its base on ubuntu which i'm little used to so it looks good, is lightweight and just works good :)

so at the end of the day. DOWNLOAD THIS!! Works way better then Bamt/litecoin bamt, PIMP etc. No fancy website but who needs that. Its setup and forget. Now only a option to install P2Pool would be great, But i want p2pool on my windows node running the wallet (darkcoin)

Greets
aadje93

G'day
I'm Barry & I don't normally do testimonials but I'm a MagicPool user and since I've had such good service there I've dropped in to give 'em a plug. In truth I registered with this forum for that very purpose  ;)

What can I tell you about them as a recent beta-tester?

Well, important things first, I guess - they pay regularly. More to the point their returns so far have been better than the average observed on PoolPicker and that plus their daily auto-pay of all amounts greater than 0.001BTC is probably sufficient reason for most miners to give them a try.

Major plus for novices getting into scrypt or those thinking of a switch to scrypt-n and/or X11 is that MagicPool has a read-to-rock Linux image you can download and burn to USB/disk to get you up and mining in next-to-no time.

I had been trying various drivers and Linux distributions trying to set up the ultimate mining rig for myself, which is how I came to try MagicOS. There are a couple of things new users should be aware of:

• The developers' first language is Spanish, so naturally the keyboard is set up to facilitate that (easy to change in settings)
• There are a few typos and clumsy syntax reflecting English as a second language so take that into account
• Documentation is incomplete:

• To save killing USB flash drives with repeated write operations the system operates in a RAMDisk
• To change the read-only drive to read/write there is a script, naturally called "rw"
• You will need to run this before you change your passwords, then the homesync script to write changes to the drive
• To return the drive to its normal write-protected state the corresponding script is logically named "ro"
• openssh-server is pre-installed but not xrdp, so if you want to use remote desktop you will need to switch to read/write mode and install it

• There are adequate scripts and desktop links to help you get started in a matter of minutes

It's a reasonably pretty installation but most importantly it works.

What else can I tell you? I fell into the opportunity to beta-test this pool-of-pools simply because I had contact with the developers regarding MagicOS and was pointing one rig at their scrypt mining pool. I'm not a big-time miner by any means, I have 4 rigs with 3 GPUs apiece, all of them now hashing on MagicPool.

What experience do I have to make recommendations? Not a lot. I've tried quite a few pools since the beginning of the year but MagicPool offers the best service, profits and even software that I have found.

Is that enough to recommend them? Probably not. You should really give them a try for yourself and see what you think.

And really, what's it cost to point your rigs there for a day or two?

Congratulations p4u, it's a very nice concept!

Thanks everyone for the comments!

Right now we are mining in NiceHash/CleverMining/CoinShift depending on the daily profitability for each one.
If you have a good pool which offers nice profitability, let me know and I can add it to the system!
However it would need the pool to provide an API to easy check the profitability results if it is not in poolpicker.eu

If it works in nicehash it should also work in magicpool, since we have the same problem with the newer version of cgminer (bug in the extranonce2 size of the stratum protocol). Please, let me know if you test it.

How much transparency does this pool have as to earnings? Does it let you know what coins were mined, how much you've earned per day, etc.?

I dont think this pool mines coins..  It sends you to the best profit switching sites to mine there If I understand it correctly..

Nope.
Are you sure you have configured the stratum server properly ?

stratum+tcp://mine.magicpool.org:7777 -u BTCAddress -p x

At the bottom of this page you must see the last BTC addresses seen (updated every 10 minutes):
http://www.magicpool.org/stats.php

There is this new one "1B9nsM...." but it seems it is not yours, right?

That is true, it is not actually a pool but a minig service.

About transparency, we try to give the maximum possible, it is one of our main goals.

Here you can see an example of an user statistics:

http://www.magicpool.org/stats.php?btc_address=1KfC5Q1GLxSKm3QdMRqi745QN2nJ7JjsQC&submit_btn=

And you can also know at which pools are we mining in the graph of the same page.

If you think we must provide some other information, please let me know.

Cheers.

Aha, I get what it is now. That information is plenty. I didn't realize it was a profit-switching profit-switching pool. This is an interesting concept!

Right now 180MH/s and increasing :D

Give it a try! You won't need to care anymore about which is the most profitable pool in the market.

How long does the 0.5% Introductory Fee last?

As long as possible :) during the time we are able to maintain the required infrastructure with the 0.5%

If we start to require more infrastructure and resources (due a huge hash rate increment, DDOS attacks or some other kind of thing), then probably we will need to increase the fee a bit
.
However remember that once you mine with the 0.5% it will be your base fee forever.

LOVE it... I've been doing a stupid version of this for a while manually...

Just can't wait to see what the pools you are mining are gonna do to keep the miners from evacuating their pools and joining here... and abuse them like the coins they abuse under them ;-)

r00tdude

Nice switched my Gridseed cgminer 3.7.2 with nicehash patch to the pool. It works as expected.

Keep up the good work.

I love the idea and l'll give it a try.

But I am wondering...  ??? Aren't we going to pay your 0.5% fee on top of the destination pools fee?

If I understood the concept correctly, you redirect our hashing power to the most profitable pool, but that pools will charge it's normal fee. And on top of that you charge 0.5% for your services, right?

Yes, that is correct.

We pay the pool's fee whatever it is during the mining process. But the profitability is calculated without taking into account these coins.

The infrastructure have some costs and also the time and all resources we are devoting to this project. So we need to apply some fee. I hope it is ok for you.

I'm not complaining. I just want to understand exactly how the system works.

I've just redirected 11 MHz to MagicPool. Let's see how it goes ;)

Cheers!

Great :)
Thanks for your comments.

Did you mean that profitability DOES take into consideration destination pool fees? ie. if one has fees of 2% and one is 5% but they are both mining the same coins, would this pick the 2% one since it's more profitable?

may be it`s time for x11/x13 implementing?

The numbers aren't adding up. My 7MH with 0.01 percent rejects rate should have made more than it did. Your payout rate for me yesterday was 250 instead of the 277 you claim you paid. That, and for some inexplicable reason not showing in my logs you recorded my hashrate at 2.5MH for about four hours when I know it never dropped below 7MH. You guys feel shady. Sorry. If the numbers added up like say, they always add up on clevermining (who is more profitable than you are anyway) then there'd be nothing to complain about. It's math. I suggest everyone do the math and see if it adds up. I'm going back to clevermining.

Can you please provide your worker BTC address (send me a private message if you like)? I will check it and see if there has been some issue.

Please, take into account that we are still in beta, so there might be some issues in the current implementation. But our objectives are to make something stable, transparent and fair for everyone.

For round 25 (last one closed and paid), these are the numbers:
 
total amount: 0.9889720200000001
total shares: 470885390
pay per share: 0.0000000021002393384938105
profitability: 0.0027688702216471135
time: 24h = (3600*24)s

Here the formula we are using to calculate the profitability BTC/kH/24h:
(1000000)*total_amount/((total shares)*65536)/(time)

You can check how many accepted shares your workers send (from your stats page) and make the calculations.

Let me know if there is something wrong please.

No. I mean that our profitability is calculated from the total amount (BTC) we got during the round time (and some extra hours to let the pools make the corresponding payments). So the profitability shown in our stats page is calculated from the actual btc amount we got and we pay to the users.

the stat page displays and sql command and nothing more.

Ok page is back but there seems to be a problem when switching rounds. The Error displayed

No results!\nWhole query: SELECT ....

Thanks for reporting  :)

Report on my first 24 hours on MagicPool:

My dual GridSeed Blade rig, overclocked to 838 MHZ, kept stable hashing on the same pool during 24 hours without falling to one of the failover pools not even a single time.

Having a theoretical hashing power above 11 MHz, my rig never managed to sustain that speed but I guess that is not really surprising and by looking at the logs I would estimate an average hashing speed of 10 MHz, with some serious fluctuations during the 24 hour period.

However, after 24 hours, I earned 0.02412139 BTC

Any comments?

Is anyone doing any better by mining exclusively in any of the other pools?

I just started my second round to see what happens.

Hello.
The last round profitability is 0.0024, so with 10MH/s the amount you get is exactly what you earned working in our pool: 0.0241 BTC
That confirms that maths are correct :) Thank you.

About pools profitability you can see a daily comparison here http://poolpicker.eu (when working :))

I can do the math myself  ;D

But I can also see your profitability dropping every round

I wonder if you can keep up with the others ???

Current profitabilities analyzed:

nicehash -> 0.0024118
coinsolver -> 0.0023511417219778
coinshift -> 0.00212
easypool -> 4.000000000000001e-05
clevermining -> 0.00237
wafflepool -> 0.0020
hashcows -> 0.0023

As you can see the whole AltCoin mining profitability is dropping, this is probably due the new scrypt ASIC miners.

You might try to mine pools using x11 or scrypt-n, you might have some better prof. Actually we will add soon a x11 port too, many users ask for it and it consumes less energy in your GPUs.

What about this?

https://i.imgur.com/ZUGguV1.jpg

My rig is exactly as it was yesterday, no changes whatsoever, but my pool hashrate dropped to 50%

This has to be a poolside effect, my miners are fully functional but MagicPool won't accept half of my shares...

I tested my miners both in Clevermining and in Waffle and they perform at 11 MHz as they should because those pools accept pretty much everything my miners produce.

Went back to Magic and the same thing happened; pool hash rate slightly above 5 MHz....

This is unbelievable and totally unacceptable!

Besides, all other pools have instant payments. In Magic my payment is still pending after 12 hours.

I love this concept but I will stay away from Magic unless there is a clear system improvement

Good luck

Please, provide your BTC address and then I will look at the logs and see if there is some problem. From your screenshot I see the rejected ratio for your workers is zero, so magicpool is not rejecting your shares. Take into account that the MH/s is just an estimation and there might be some bug on it, however the important data is the number of accepted shares. If you compare your performance with other pools, please compare the shares and not the 10-15 minutes hash rate.


Before executing the payment we need to wait until all pools have paid to us. There are some of them which are very very slow paying thus we can do nothing against that. In any case, you will get your coins, maybe after 12h or 16h, but you will get them.


We are in beta state, the system is quite new, nothing else like that have been implemented yet. So please, help us to improve, your feedback is very appreciated.


Good luck to you too :)

I am not talking about 10-15 minute behaviour. Magicpool started reporting a very low hashrate many hours ago and remained that way


Ok, I am still waiting... :P


Check your system, improve it and let us know when you are done with the beta stage. I will try again to mine with you if two conditions are met:

- Your profitability is at least par with the rest of the pools
- Your system is as stable as theirs

Keep up the good work. This is a nice concept but needs better implementation

It would be nice to have a 2 hour average hashrate line in the "Your Hashrate Stats"

Again the same problem when switching rounds.

No results!\nWhole query: SELECT......

Yes. Improve the charts and give better statistics is one of our first priorities.

Looks interesting, will test

Added to We Love Crypto pool comparison (https://play.google.com/store/apps/details?id=com.accelmation.android.wlc)

Cool! Thanks :)

Looks like profitability dropped below mining LTC  :(
Great idea though and am still using one of my miners on your pool  :)

Yep... some pools do not provide real time profitability (only past), so you can only estimate which will be the next profitability.

However, according to poolpicker.eu, the day 1 of June has been quite bad for most of the pools:

 
Magicpool is more-less in the middle for this day. Let's see if we can get a better one for next round :)

Just moved some hash over to you today. Can you tell me what times the rounds start and stop? Also how often do you monitor the profitability of the pools specifically NiceHash, I notice that Nicehash often is paying better than average.

You have all the rounds information in the stats page of magicpool, including the hour (which is at GMT+2 timezone).
The profitability right now is monitored every 6 hours.

About NiceHash. I would say that when they have some internal problem (unfortunately DDOS against NiceHash seems to be quite common) it raises price because the workers (sellers) cannot mine properly and the buyers orders are still there. So comparing profitability of NiceHash with a standard pool is not fair, they are showing the amount of BTC they pay per MH at that exact moment, but not the average BTC they have paid to a single worker mining the entire day.

In addition they use this special stratum method to set the extranonce which is not supported by  most of the miners. So we (in magicpool) are forced to send client.reconnect each time nicehash send us a set.extranonce. This reduces a lot the profitability, so for us it only makes sense to use NiceHash if the current BTC/MH/day is much better than the rest of the pools.

Finally, let me add that we are still in beta. The system needs to be improved and we are working every day on it. I'm pretty sure I wish in the future we will offer the best profitabilities of the market :)

Haven't scanned entire thread yet but pointed one GS-Dual (mini) at MagicPool as a test.

Using the modified cgminer-3.7.2 for Gridseed on Windows 8.1 box as easy to mess about.

All rejects, NO accepts, '<<23, u'Share above target' message keeps displaying...

Huh? No problem on other pools using this...

Which cgminer are you using? (point the source code url or the download page please)

The known problem with cgminer is because of the extranonce2_size, as we are dividing the jobs we need to reduce the size from 4 to 2 or 3 bytes (which is completely OK according the stratum protocol specification). Some cgminer versions assume that the extranonce2_size is always 4 and then it sends invalid shares.

Let's try to find what is going on :)

when you add x11/x13  ???

 Would also like to know if this is in the works!

Hi, missed your response - busy weekend! Gave up with the little GS Mini! Windoze cgminer 3.7.2 for Gridseed is giving me probs and needed my Pi for my Blades! Have now got 4 x Blades pointed at you since Fri controlled by up to date Starminer on Pi (cgminer 4.3.0) all good so far with 0.007% reject in last 26 hours - not bad!

This is in or to-do list, once we finish some other pending stuff we will implement a x11/x13 pool service.

I think the variable difficulty has gotten ridiculous, I'm getting 16.3k difficulty for my 800k/hash gridseed miners. How to mine anything?

We cannot always choose the difficulty for magicpool users, it depends on where are we mining.
We apply several techniques to try to set the best difficulty for each individual worker, but some times it is just not possible.

However a difficulty of 16k is strange, normally in the standard pool (port 7777) difficulty goes between 512 and 4096.
What we will do is to open another port special for small miners where we will apply techniques to get the minimum possible difficulty, I will think about it.

Finally, as you probably already know, big difficulties are not giving less profit in the long term, it just adds more variance.

I'm connected to port 7777 and current difficulty for my miner now is 16384.

Sure, I'm just saying that this is not the normal behavior for port 7777. But the pool which is giving right now 16k is the most profitable one at this moment, so it makes sense to keep mining here, even with this big difficulty (as said, it does not affect the profitability of your worker).

I'm definitely rooting for this pool to take over the world, but I haven't seen a lot of action in the last 20 days or so... no pools have been added, it's still lagging a bit behind in profitability over the pools it proposes to take the best of... etc. I'm keeping 25MH here when my rigs aren't rented, but I'd love to see some moves!

Thanks for the efforts,
rootdude

Hello.
We are working on the stratum proxy server. To be able to improve the system and the results we have to almost rewrite everything (in my experience a software project needs at least two iterations to became a solid solution). Take into account that the crypto world is changing very fast. That is a hard job and mixed with the summer time (in Europe) makes it slower than we would like to.

Adding new pools is not easy because everyone is using a different stratum implementation with different bugs and behaviors. We have already reported many bugs to many pools, but the reply is not always as fast as we would like to be.

To accelerate this process we are thinking about including the project in cryptostocks (or any other, proposals are welcome) to get some funding.

We will keep you updated!

so, overall, its better to mine here than waffle/clever and so on ?  8)

You can check it in poolpicker http://poolpicker.eu/table?algo=scrypt

In last 10 days average we are better than waffle but a bit worst than clever.

We try to not focus all our hashrate in a single pool to mitigate the risk of having a very bad round.

Also, keep in mind that our profitability is based on the clean amount the user receives. Meaning that we deduct all fees (tx and 0.5%) before making the math.

In any case, we hope to improve the results in the near future. I'm pretty sure it is possible.

Hi,

Since this afternoon i have this error message:

The extranonce2Size for the pool Magicpool is too low. Size: 1, mininum needed 2.

I use a stratum proxy server and this is the  first time i have this error on magicpool :(

Can you help me ?

You should compare and try different pool because magicpool isn't the most profitable pool anymore

I'm running out of time and the pool business is actually very very hard. If someone is interested on joining me in the project, we can talk about it. I'm sure the results might be improved a lot.