|
Title: Coin Magi XMG miners? Post by: PeteAugustus on October 10, 2014, 02:59:06 AM Who here is mining Coin Magi XMG? What are your thoughts about it so far and its rarity and fair distribution as a community.
The benefit I see is that in the long run, we as a community generate more rewards for bringing along more miners. am I getting this right? The main thread is https://bitcointalk.org/index.php?topic=735170 Title: Re: Coin Magi XMG miners? Post by: jawitech on October 12, 2014, 06:23:05 PM Yeah. The dev is trying to avoid GPU-rigs or farms jumping in, grabbing all the coins and dumping them at a bargain price on the markets.
If everyone would simply use his/her computers cpu to mine, there would be enough hashpower to secure the network. Additionally the POS phase started, just let your existing coins generate new coins for you (additional hashpower). I like the concept and mining it. Title: Re: Coin Magi XMG miners? Post by: Atomicat on October 17, 2014, 07:26:37 AM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Title: Re: Coin Magi XMG miners? Post by: Atomicat on October 17, 2014, 07:29:36 AM I was looking for a thread for people to post their hardware/overclocking tips and tricks. Will this one do?
Title: Re: Coin Magi XMG miners? Post by: djm34 on October 17, 2014, 09:50:49 AM I was looking for a thread for people to post their hardware/overclocking tips and tricks. Will this one do? can't you open your own thread ?Title: Re: Coin Magi XMG miners? Post by: MaxDZ8 on October 18, 2014, 07:31:22 AM Who here is mining Coin Magi XMG? What are your thoughts about it so far and its rarity and fair distribution as a community. I was initially very interested but my excitement went down with the first fork and it's going down with the next. Besides not inspiring much confidence, I have a serious problem: a small company around here realized they have (probably around 64) very low loaded cores for a few hours day. So, this is not "a large farm", it's just a small company wanting to diversify.With little information about hashrate and a planned fork I have no idea how I could assess this coin profitability. Besides, changing algo keeping the same name is just brain damaged. No idea how anyone could figure out something like this. Title: Re: Coin Magi XMG miners? Post by: Kevin77 on October 18, 2014, 08:23:59 AM If the swap ends and XMG gets on bigger exchanges the price may rise and it may become profiatble to mine this.
Until then the devs may make up their minds too on what they want. They are very active and their intentions seem good. Title: Re: Coin Magi XMG miners? Post by: djm34 on October 18, 2014, 12:16:53 PM Who here is mining Coin Magi XMG? What are your thoughts about it so far and its rarity and fair distribution as a community. I was initially very interested but my excitement went down with the first fork and it's going down with the next. Besides not inspiring much confidence, I have a serious problem: a small company around here realized they have (probably around 64) very low loaded cores for a few hours day. So, this is not "a large farm", it's just a small company wanting to diversify.This is a very nice speculation thread... Title: Re: Coin Magi XMG miners? Post by: PeteAugustus on October 19, 2014, 09:51:48 AM I also want to know more about that. Yeah good to start some discussions about this
Title: Re: Coin Magi XMG miners? Post by: Atomicat on October 20, 2014, 10:15:26 PM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Title: Re: Coin Magi XMG miners? Post by: ebtc on October 21, 2014, 04:31:23 AM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Limiting mining to Androids is simply impossible. Why don't you take a look at this? http://arxiv.org/abs/1409.7948 Title: Re: Coin Magi XMG miners? Post by: ebtc on October 21, 2014, 05:23:38 AM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Limiting mining to Androids is simply impossible. Why don't you take a look at this? http://arxiv.org/abs/1409.7948 Doesn't actually say much, especially about how he'd prevent the dead obvious Sybil attack. Well at least this coin is doing better than other cpu coins, I say more resist to attacks; take a look at the new algo too, pretty hard to understand to me though. 8) Title: Re: Coin Magi XMG miners? Post by: djm34 on October 21, 2014, 09:01:47 AM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Limiting mining to Androids is simply impossible. Why don't you take a look at this? http://arxiv.org/abs/1409.7948 Doesn't actually say much, especially about how he'd prevent the dead obvious Sybil attack. Well at least this coin is doing better than other cpu coins, I say more resist to attacks; take a look at the new algo too, pretty hard to understand to me though. 8) Title: Re: Coin Magi XMG miners? Post by: ebtc on October 21, 2014, 03:30:30 PM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Limiting mining to Androids is simply impossible. Why don't you take a look at this? http://arxiv.org/abs/1409.7948 Doesn't actually say much, especially about how he'd prevent the dead obvious Sybil attack. Well at least this coin is doing better than other cpu coins, I say more resist to attacks; take a look at the new algo too, pretty hard to understand to me though. 8) Title: Re: Coin Magi XMG miners? Post by: djm34 on October 21, 2014, 03:32:58 PM The dev is an idiot and has no idea how to stop GPU mining; I wonder how people are getting MH/s on it... I guess just large CPU farms, right? Why would you want to put all those CPU's in a pen when they'd be far happier out in the wild? Is there any difference between 100 computers run by 100 interested people or 100 computers run by 1 interested person? 99 people, that's the difference. Bitcoin does show us the future. It's a black-hole of computation and eventually it'll implode. Want mass adoption? I say limit all mining to Androids, period. It's kind of oxymoronic really, a centralized distributed network. Impossible. Why? . , all on the same level. Limiting mining to Androids is simply impossible. Why don't you take a look at this? http://arxiv.org/abs/1409.7948 Doesn't actually say much, especially about how he'd prevent the dead obvious Sybil attack. Well at least this coin is doing better than other cpu coins, I say more resist to attacks; take a look at the new algo too, pretty hard to understand to me though. 8) Title: Re: Coin Magi XMG miners? Post by: ebtc on October 21, 2014, 03:52:33 PM the spectral weight crap in mathmagi (or something like that...) it is ;D dev did mess up as he was saying, I only care gpu can handle this part?Title: Re: Coin Magi XMG miners? Post by: djm34 on October 21, 2014, 04:52:18 PM the spectral weight crap in mathmagi (or something like that...) it is ;D dev did mess up as he was saying, I only care gpu can handle this part?Title: Re: Coin Magi XMG miners? Post by: PeteAugustus on October 27, 2014, 04:25:45 AM looks good
|