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2221  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Cryptsy Withdrawal problems/ Hacked on: November 05, 2015, 06:44:49 PM
What coins are gone? Btc?
I notice Cryptsy is working fine for me.
Coins are still there.
Could you provide us with little more info?

Have you tried those links?
And more : http://blog.cryptsy.com/post/82992987380/4162014-maintenance-post-mortem
or : https://www.cryptocoinsnews.com/withdraw-bitcoins-cryptsy-now/

But the last sentence is craptsy : - We are now on the new ledger system and everything is working normally. -
No way - I have a btc withdrawal which is still pending, since last night.

Hmm strange. Let us know if the pending will receive confirmations. I thought you meant Cryptsy hacked that the whole exchange was down.
2222  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 05, 2015, 05:42:32 PM
We need to have 135 likes more to gave those 300 xmg`s away and then go on to the next step for 1000 xmg`s
So if you didnt like yet go to https://www.facebook.com/CoinMagi/ and like us Grin
Getting closer, thats good! Smiley

I believe magic111 and other members of the community have done an exemplary job building community through social media, contests and giveaways.  I think this is every bit as important as technical issues so long as the coin functions well enough not to create gross imbalances.  It is a very fine art to give coins away without encouraging the creation of sock puppet accounts, awarding the deceitful, or dumping large amounts of coins on people for trivial tasks.  This is an age old way of building community and growing demand for anything.  The companies that gave away some product for free, for example, giving out a free razor could build demand and sell a bunch more razor blades than the competition.  A job very well done in my mind magic111 and others. Smiley
Thank you very much Lightsplasher for those nice words. I really appreciate that. And for sure I will continue with promoting Magi and searching for new investors, merchants, services and other things.
2223  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Cryptsy Withdrawal problems/ Hacked on: November 05, 2015, 05:38:53 PM
What coins are gone? Btc?
I notice Cryptsy is working fine for me.
Coins are still there.
Could you provide us with little more info?
2224  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 05, 2015, 12:54:35 PM
We need to have 135 likes more to gave those 300 xmg`s away and then go on to the next step for 1000 xmg`s
So if you didnt like yet go to https://www.facebook.com/CoinMagi/ and like us Grin
Getting closer, thats good! Smiley
2225  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Cryptsy BTC Withdrawel problems on: November 05, 2015, 06:46:37 AM
Already waiting for 10 hours :

I apologize for the inconvenience this may have caused you. We are experiencing a delay when it comes
to processing BTC transactions especially with withdrawal requests. Our technical support team is already
aware of the issue and is currently working on a fix. We appreciate your patience as we get the coins moving
to you. Thank you kindly for your patience and understanding.

 
This is the real problem for accepting crypto as real money.
That's right The Frisian. From what exchange did you received that message?
2226  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 05, 2015, 05:08:39 AM
Quote from: Redrover link=topic=735170.msg12890102#msg12890102 [/quote


I agree with Lightsplasher and tittiecoiner here.  In just the last few days we've seen nearly the entire block rewards vanish and or go to one large miner, at this point that large miner is single handedly controlling the coin rewards, that day has already come and we really should do something to fix it.

I really like the idea of greatly reducing PoW rewards and adding merged mining - and increasing PoS interest - that is very interesting to me and would be my choice of fixing this issue but undoubtedly this is a complex change to implement so let me bring up what I think is probably easier to do first.

The simplest solution I know of is to switch to full PoS right now and increase the interest rate to about 15% yearly to start.  The interest rate has to be high enough to make it worthwhile to invest in and save while also offsetting the potential mining loss that might have occurred.  I'll list the pros and cons as I see them.

Pros
1  Green!  Way more energy efficient, no more wasting electricity, just run your wallet once in a while.
2  More fair way of earning coins: rather than competing with large miners or bot farms, and using even more energy in the process, you now earn an equal percentage as everyone else based on your own balance.
3  This encourages holding and saving coins in your wallet, this can also be looked at as a con because some people will not spend their coins.  Maybe this increases demand?

Cons
1  No more mining which is a fun hobby for many people.  Suggestion, mine another coin and buy more XMG.  Win-Win!
2  PoS encourages saving and holding coins which might equal less trading and spending in commerce, then again, it might just increase demand while we fill our wallets.
3  More difficult for a newcomer to get into XMG because they would need to buy coins to get started.  This can be fixed with promotions, giveaways, better faucets, and let Magic111 do his thing!  This can be turned into a Pro very easily with the right marketing and ease of use!

Security - This is neither a Pro or Con with the current system as it is.  Hybrid PoW/Pos or full PoS are both secure when implemented correctly.  There are many pure PoS coins out there that are working as intended.

Assuming we did make this change, we then can focus more effort on expanding and adding new features and merchants without the fear of losing mining profits.  I mean, can you imagine a Magic111 unleashed to spread the wealth even more than he already is, that would be fun to watch!

Thanks for the trust and nice words Redrover.
Good to read the ideas from Lightsplasher, tittiecoiner, fragilefungi and you.
Because Iam not a coder just a marketing man the next question might be stupid.
But I think I can ask it here. Is there an option to improve Magi with higher PoS reward and PoW reward what only will generate coins with low hashrate. So I mean the unique blockreward will adjust to each miner. Like a intelligence blockreward system. If something like that could be done Magi has the advantage from PoS and the fun with mining without wasting electricity. In this case the intelligence blockreward system must be able to check the hashrate the miner uses. If it's too high it will block the miner from receiving coins.
Or is it too early for this kind of development?
2227  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 05, 2015, 04:28:48 AM
It's ok tittiecoiner. No worries you opinion is welcome here and its good to read some feedback. Indeed sometimes words from one person can be read different by the other person.
You don't have to be silence. Keep sharing your ideas with us. It can help to make Magi stronger and gives good ideas for solutions.
2228  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 04, 2015, 11:07:00 PM
I'd like to say that the first MAGI Coin pool on a RaspberryPi has been opened, with 0% FEE.

Supported by the developers of the coin!

Join us @ https://magipi DOT tk/

Thanks for the 0% fee !
2229  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 04, 2015, 10:30:18 PM
@111magic
I really appreciate your efforts, you keep the community alive and try to spread the word!
BUT: in nearly each of your posts, your solution to all problems and questions is:
"The Magi community is awesome, our developer is a genius and will find solutions to solve all problems, Magi will be the be a success, lets start another giveaway."

Sorry Dude, but serously spoken, stop that nonsense. Magi is an interesting coin, your Dev seems to be a honest guy with good ideas and a lot of knowledge. But as he has stated several times, he currently doesn't have a solution for the current problems and needs input and ideas from the community (which is totally legit!).

So instead celebrating the community and coin in each post, you/we all should start thinking about how to make Magi more robust against big hashpower attacks. Start generating volume on exchanges instead of telling the people to sit on their coins to gain more attention and to generate a stable price(although I need to mention that the price of XMG is very stable, compared to most other coins).
I had to think a while about your post.
I appreciate your opinion and feedback.
I also do understand you are not trying to fud.
Yes Magi indeed have a great community. (Almost 600 pages and no fud but friendly people who are helping eachother and Magi)
and Joe did indeed put forward solutions. (Maybe you missed those posts)
But some improvements have adverse effects and thats is something Magi has to check very good!
Iam not a coder but a marketing man. So maybe you opinion might be difference if you know this.
My job is working on new campaigns, contacting exchanges, other social media, find new investors and promote Magi in different ways.
Hope that no nonsense!
Tell me your ideas about making Magi more robust agains hashpower attacks, generating volume and spreading the word.
Its always good to listen to different opinions!
2230  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 04, 2015, 10:18:23 AM
Simple solution is to spread hashrate amongst all pools!

We're in need of some hashrate while some other pools have too much hashrate, spread some towards www.SuchPool.pw/xmg

Thanks!

That's right amigo! Miners spread the hashrate!
2231  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 10:37:42 PM
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi  

Nice Welcome in our awesome Magi community!!
Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil
Are those very expensive in Brazil?
What is a normal price for a Pi?
http://imgur.com/EdBc2ae


The conversion from dollar to Brazilian currency is 3.70:1 and it's not cheap to import because of the taxes.

Just for curiosity the minimal salary here is about 0.5 BTC


Understand amigo. It's good to know!
2232  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 09:25:10 PM
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi  

Nice Welcome in our awesome Magi community!!
Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil
Are those very expensive in Brazil?
What is a normal price for a Pi?
http://imgur.com/EdBc2ae
2233  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 05:18:34 PM
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!
Somebody mining with PI here already?
All works ok?
2234  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 05:17:29 PM
Grin
Nice TonySon thanks for voting!
2235  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 09:43:26 AM

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!
The register for the new Proof of Interest campaign will open at 01-12-2015. The last Proof of Interest campaigns gave 6% interest in two months.
Thats a higher interest Banks will give.


the last pom didn't even finish  Huh
Amigo you might missed the info about this.
I sent you a pm.
2236  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 09:42:44 AM
He'll make blocks stop to generate coins; I hope miners stay mining.
I agree with you.
You'll need to find a solution to prevent someone will be able to get so much power over the (PoW) mining process.
Joe you will find a solution for this because you are a genius.
2237  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 09:40:54 AM
That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!

Even if I appreciate your efforts to support small hashrate miners, there's the need to find a solution. XMG is, unlike Scrypt coins, not affected by multipools. But as this guy has proven, one single person could control the whole PoW mining process and make miners leave so that XMG would only rely on PoS for a certain time.
You cannot always compensate low mining profits with manual bonus payments in the long run, that's nothing more than some kind of action for a short time.
That's right. But there are different miners and I think mining and staking are important for the future of digital currencies. But also the community is very important. The power of the Magi community is awesome and Magi has overcome other things in the past. Giving the smaller miners some extra trust and rewards with the Proof of Mining campaigns will give extra power to Magi.
And also its a good thing to talk about solutions and options to make Magi stronger.
2238  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 08:38:50 AM

This is an invitation for testers of the BETA version of the Magi Android app.
If you will test the app and the team wants to provide feedback, please send me a pm
If you would like to test the app contact the Magi team!
Magi is already working to solve some bugs and review feedback.
2239  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 08:36:37 AM
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Thanks for the pool; this is very nice and the logo is awesome. I noticed the download for linux minerd isn't linked properly which is now with the name m-minerd-32-linux.tar.gz on the page:

http://www.coinmagi.org/files/m-cpuminer/

Joe: Magi could add this great pool to the next Proof of Mining campaign!
2240  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: November 03, 2015, 08:35:24 AM
testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.
Think hè gain better results mining another coin!


That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.

He'll make blocks stop to generate coins; I hope miners stay mining.

Don't think too much ,my work is research coins ,and XMG architecture is good ,please don't give it up and leave ,I think there are many powerful  miners also have high hashrate ,if someone meet low profit and give it up ,it's not a healthy ecosystem right?
That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!
The register for the new Proof of Interest campaign will open at 01-12-2015. The last Proof of Interest campaigns gave 6% interest in two months.
Thats a higher interest Banks will give.
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