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2901  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 28, 2015, 05:19:58 PM
Are there any plans for XMG to become verified market at Bittrex?
https://bittrex.zendesk.com/hc/en-us/articles/203692234--Draft-What-is-a-Verified-Market-

Did not look at that. But M-team will check it out.
I don't understand whats the benefit for Magi for doing that at the moment. Maybe you can explain a little about it here.
2902  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 28, 2015, 01:59:09 PM
Awesome!! We reach page 500
I Love Magi!!   Cool

Nice, Magi going strong ! Smiley


Magi IS strong from a long time, mate.  Wink
With the Proof of Interest campaign opening in 2 days its better to hold or buy some cheap XMG!
More coins means more interest-coins. Smiley

That exactly I was planning- already bought a descent amount, but will keep it on surprise for the application on POI2...
Edit: congrats fot the 500 pages growth 😊
Nice thanks!
Now Magi is on his way to page 1000! Smiley
2903  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 28, 2015, 10:47:50 AM
Awesome!! We reach page 500
I Love Magi!!   Cool

Nice, Magi going strong ! Smiley


Magi IS strong from a long time, mate.  Wink
With the Proof of Interest campaign opening in 2 days its better to hold or buy some cheap XMG!
More coins means more interest-coins. Smiley
2904  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 28, 2015, 06:11:55 AM
Hi You all,

@111magic,
We got some hardtimes with some scripts (you told here if we needed help, you help us) so can you write some scripts for us? Cheesy Cheesy Cheesy your doing a great job Wink
We the Fruitsclan going to have a lanparty soon and there will be some magic there also, this lan party will be there for 3 days and with 30 players from the Netherlands, belgium, germany and finland.
Its a reall gaming party in a building with 3 servers 2 backups and around 30 high end gaming pc`s, we are going to stream it live, and there will be a magic moment for XMG also.

@ joelao95, we all are here and we all carry Magic with us, i hope it will be soon better for you.

@spexx, again just wow Cool

Awesome picture Goldlabel.
I will contact you about details for the Magic XMG moments during the Lan-party! Grin
2905  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 28, 2015, 06:09:31 AM
price drop?
Not really!
Think price is stable between 5k -7k Satoshi for few weeks now.
But thats still cheap! The coming period it will be summier holidays for many countries. So if you are lucky you have the chance to get some cheap XMG.
 Smiley
2906  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 27, 2015, 09:31:12 PM
At the moment M-team is working on the new and organized OP.
It will take some time! There are so many developments and other things Magi achieved in the last period.
We need to check all the links and other things posted in the last 499 pages here!

Reminder: Register for the Proof of Interest II 2015 will open in 3 days!! Wink
2907  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 27, 2015, 07:44:40 PM
As I see, that some start a ArmA2 Server and CS Server, is someone interested in ArmA3? I have some dedicated Server so I can easily run the game. You can decide which Mod you are interested in. May we can call them XMG Gaming #1......as well?

Cheers

Nice idea Lahlor!
Better contact TheFruitsClan and work together with them!!
2908  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 27, 2015, 05:39:45 PM
Windows Software Support

I see that all my old DropBox links are working again so the ban has been lifted. Hurrah!

The thing is that I have already moved everything on to new links now, but at least it means that all the current stuff will still work as it should so there is no need to update now. I have re-started a PoolStats server which is compatible with the older version, so it is business as usual.

However, this gives me an opportunity to give you the new links with a shameless plug for all my software utilities for Windows at the same time Cheesy

Just starting? Try one of these.

What we have here is a bunch of packages suitable for beginners/novices/newbies to get up and running with pool mining in double-quick time. They are essentially cut-down versions of my Autominer (see below) without pool fail-over (*) or the ability to divide the hashing power across multiple pools.

There is a package available for each of the current XMG mining pools. The software will start a single instance of the miner and run a number of threads equal to the number of processors in your computer by default, but you can choose a lower number if required. The software runs the miner at LOW priority.

I have designed the packages to live alongside each other in the same folder as my Autominer package i.e C:\XMGminer so that they will share a single copy of the minerd binaries. Also, the distribution packages below do not include the minerd binaries so that the initial download does not trigger any anti-virus warnings. The minerd binaries are downloaded automatically if they do not already exist on your computer and a warning about possible interference from anti-virus software is issued before the download starts.

***************************************************
Proof of Mining Campaign II: See here !!

For CoinMagi pool: https://dl.dropboxusercontent.com/s/iisz9m25zrwryjx/CMpoolWin.exe

For Cloud2b: https://dl.dropboxusercontent.com/s/73onffupozcn4jv/C2poolWin.exe

***************************************************

For Magipool: (Not currently accepting new user registrations)

For Maxminers: https://dl.dropboxusercontent.com/s/0rgj4hpkbqa5qzq/MaxminersWin.exe

For Suprnova: https://dl.dropboxusercontent.com/s/8sbfhs1nqg2j1j0/SuprnovaWin.exe

For XMGpool: https://dl.dropboxusercontent.com/s/8fu54tsu10ky9s1/XMGpoolWin.exe


All these have the same look and feel, since they are virtually the same code. Download the package for the required mining pool and run the executable. This is a self-extracting Zip file which unzips to C:\XMGminer by default. Once unzipped, run the setup file, which is a subtly different name depending on which package you have:-

***************************************************
Proof of Mining Campaign II: See here !!

CoinMagi pool: Run C:\XMGminer\CMsetup.bat

Cloud2b: Run C:\XMGminer\C2setup.bat

***************************************************

Magipool:  (Not currently accepting new user registrations)

Maxminers: Run C:\XMGminer\MXsetup.bat

Suprnova: Run C:\XMGminer\SNsetup.bat

XMGpool: Run C:\XMGminer\Xsetup.bat (note: not XPsetup.bat Wink I did not like the sound of that)

You will need to provide your pool username, worker name and worker password. After that you get the choice of how many threads you want to run (default = number of processors), then it asks if you want any custom minerd switches (default = none). The software creates a startup file for you and creates a desktop icon for it.

Note: If you need to mine through a proxy you will need to enter a custom minerd switch in this form:-

--proxy=[protocol]://[host address]:[port number]      e.g. --proxy=http://123.123.123.123:1234

The whole procedure can be completed in under a minute, provided that you have set up your mining pool account beforehand.

The software also includes options to run an operational test, a benchmark, to download the whole package again and to download the latest minerd binaries, which will come in useful if/when I update the minerd.

(*) I lied. The code does actually include some lines to provide for fail-over to one other pool but I have not implemented it in this release. They "fail-over" to the same pool. If you know a good bit of Windows command line programming you should be able to spot it and implement pool failover just by editing a single line of code. Now there's a challenge for you.

Happy hashing Smiley

More resources

Also available, the XMG Magi Miner Speed Controller now with SweetSpot targeting

https://dl.dropboxusercontent.com/s/c9uuplrs8yzodp3/XMGMinerSpeed.exe

Download the executable file and run it.
This is a self-extracting Zip file which extracts to folder C:\XMGminer\MinerSpeed by default.
Once unzipped, run C:\XMGminer\MinerSpeed\Setup.bat which creates a startup script and desktop icon for you.

With this utility you can limit the speed of the miner manually to any percentage of full speed you choose, which is useful if your PC is susceptible to overheating (such as with some laptops).

As an alternative, you can also use my version of SweetSpot targeting. This works by limiting the speed of the miner when XMG block rewards are below the threshold value you choose. This saves energy costs by not mining at full speed for little reward. An added refinement will run the miner at full speed when the XMG nethashrate is below the threshold you choose. This assists the network when block solutions are taking longer to find than average. You can also set the maximum and minimum miner speeds as required for the ultimate in flexibilty.

Did I say the ultimate in flexibilty? There's more. You can choose Hard, Firm, Mild or Soft SweetSpot limiting too. Hard limiting simply limits the miner speed to the minimum setting when the XMG block rewards are below the threshold value. The other limiting modes apply a more gradual response over a range of XMG block values.

The default settings provided are 20% minimum speed, 100% maximum speed, threshold block value 3 XMG and threshold XMG nethashrate 22 Mh/s with Hard limiting.

Happier hashing Cheesy

Keep an eye on the mining pools with XMG Magi PoolStats

https://dl.dropboxusercontent.com/s/ims150be2wgxtoo/XMGpoolstats.exe

Download the executable file and run it.
This is a self-extracting Zip file which extracts to folder C:\XMGminer\PoolStats by default.
Once unzipped, run C:\XMGminer\PoolStats\Setup.bat which creates a desktop icon for you.

The new XMG Magi Miner Benchmark utility

This utility will run a miner in the background for 10 minutes, collect the CPU and hashrate information, then display the results in an information window. It also preserves the results in a text file with the date and time as part of the file name. Provided that the computer is otherwise completely idle, this utility should provide a reliable and repeatable benchmark figure for your computer (in Kh/s) to within about +/- 0.4 percent. Running the benchmark while Windows is booted into Safe Mode will give the most consistent results. The text file output can be copied and pasted into a Forum post or Private Message for example, to allow others to share your results.

https://dl.dropboxusercontent.com/s/2e0drofxohty4m0/XMG-Bench-Win.exe

Download the executable file and run it.
This is a self-extracting Zip file which extracts to folder C:\XMGminer by default.
Once unzipped, run C:\XMGminer\Benchsetup.bat which creates a startup script and desktop icon for you.

The package is designed to live alongside my Autominer software (or any of those above) and use the same minerd binaries as your current configuration, but it can also be used standalone. If the minerd binaries are not present in a sub-folder, the Benchsetup.bat will download them for you (subject to the usual warnings about anti-virus software).

Not forgetting the original XMG Magi Autominer utility

Forget about editing batch files. Whether you want to do solo mining with the wallet or mining on the pools, this utility is a must-have to make your life easier. Just answer a series of questions and provide some info and this software will sort everything out for you and create a Desktop icon for your convenience. Autominer supports:-

* Auto-detection of hardware and Windows version. (selects correct minerd for you)
* Single or Multiple mining pools. (multiple pools for fault-tolerance and hash-spreading)
* Single or Multiple minerd processes. (multiple minerd processes for higher efficiency)
* Automatic CPU load-balancing for highest efficiency. (when Multiple minerd processes are selected)
* Single or Multiple worker names on the pool(s). (sequentially numbered)
* Automatic fail-over if a mining pool goes offline.
* Spreading hashpower among mining pools. (multi-core CPU required)

https://dl.dropboxusercontent.com/s/4d29lkbn5b19l3y/XMGminer-Win-Setup.exe

This is a Setup stub containing a minimal set of files. Download the executable file and run it.
This is a self-extracting Zip file which extracts to folder C:\XMGminer by default.
Once unzipped, run C:\XMGminer\Setup.bat which downloads the rest of the package and then presents a menu of options which should be self-explanatory. This is quite a "mature" piece of software now and the documentation needs improving. There is a newer version in the pipeline. Any problems, just post here and I will try to help.

Note: If you need to mine through a proxy you will need to enter a custom minerd switch in this form when prompted:-

--proxy=[protocol]://[host address]:[port number]      e.g. --proxy=http://123.123.123.123:1234

Happy hashing Smiley

Great work Spexx!
This is a nice overview people can use .
Happy to hear your droplinks are back.
2909  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 26, 2015, 09:48:09 PM
The pool is closed (what kind of gameserver)
The winner is Counter Strike Source then Counter strike Go and 3rd is Team Fortress. Wink
I've been coming across some posts lately saying that people are trying or willing to start their own server for the magi community. Are those plans for real? If so, we wouldn't need to spend our time on it ourselves.

If i'am correct this one received the most votes?

That's nice!
I will join teamspeak this week again amigo!

Oeps sry, i didnt saw that post or did see it and dont remember it (getting old here Grin)
Yes your right (or left) its CSS Counterstrike Source.

For those who want to join our Teamspeak, you dont need to great a account on our website, just putt this ip 85.214.157.196 in teamspeak fill in a username no need for a pasword and your done Wink

Thanks Goldlabel.
I will join teamspeak soon. Think the day after tomorrow i will be online there!!
Oke we will be there (like always) just call my name and ill be there Cheesy
For those who play arma2 dayz mod, we also have a server for that just started to day.
you need the Dayz Launcher and putt The fruits in the server menu.


Talked with Goldlabel and TF_Outlaw about the coming development. They are on it!
Again awesome developments for XMG.
Will keep you all informed!
2910  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 26, 2015, 12:08:50 PM
I would remove suprnova and maxminers from OP as official pools, hopefuly that way, new users will use smaller pools.
Just sayin...
good comment. Only support those pools who limited their hashrates per user Cool
Understand what you are saying. But Suprnova will always be there and with full respect for OCminer.
This is just a period Magi has to go through.
It shows that the unique Magi blockreward system is working as it should be.
It's also unique in the world of digital currencies where we are all used to use max hashrate to mine more coins. Magi is showing that using less hashrate less power give better results.
Thanks to our genius dev the mindset in Cryptoworld with the goal of becoming a decentralized currency for all people living everywhere is changing.
This is one of the reasons Magi is the next generation digital currency. If Satoshi added this to btc from the start btc would have a much higher value at the moment.
So as I said before this is a period Magi has to go through and will be much stronger afterwards.

I also understand miners don't like to see others using high hashrates. Not everbody is ready to change the mindset yet.
Give it some time!
During that period I will buy the coins from the big miners and donate them to the Proof of Mining campaign.
For now I will donate again 10.000 XMG to the Proof of Mining fund.
Thanks for reading!



Well said mate. And for donation of 10k XMG - I have no words.  Lips sealed
Respect!

Thanks Kondiomir, lahlor and XMG for the nice words!
2911  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 26, 2015, 12:07:01 PM
I notice that my DropBox links have not come back up yet, so basically everything is broken. You cannot obtain any Windows miners until I set something else up. This means far more trouble than just patching some code - you don't know the half of it - so thanks to the stupid twat who DOSed my DropBox and thanks to the stupid twat bulldozing away on Maxminers too for ruining things, utter bloody morons.

Don't anybody dare ask me when I will have it fixed. It will be fixed when it is fixed and I will post here when it is fixed. All new software development postponed too because of one f*****g moron.

Looks like I picked a bad week to give up amphetamines.
That's sad to hear amigo!
Are there some option to protect those items?
2912  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 26, 2015, 07:41:37 AM
Hey all, not trying to make an excuse of my low activity, Sad but was stuck with some real stuffs. I hope to get over these sh*t and then move on; either way, I have nowhere to go. Smiley
Grin
100% support for you Joe!
Happy to see you posting again!
Talk with you soon!
2913  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 25, 2015, 09:09:38 PM
I would remove suprnova and maxminers from OP as official pools, hopefuly that way, new users will use smaller pools.
Just sayin...
good comment. Only support those pools who limited their hashrates per user Cool
Understand what you are saying. But Suprnova will always be there and with full respect for OCminer.
This is just a period Magi has to go through.
It shows that the unique Magi blockreward system is working as it should be.
It's also unique in the world of digital currencies where we are all used to use max hashrate to mine more coins. Magi is showing that using less hashrate less power give better results.
Thanks to our genius dev the mindset in Cryptoworld with the goal of becoming a decentralized currency for all people living everywhere is changing.
This is one of the reasons Magi is the next generation digital currency. If Satoshi added this to btc from the start btc would have a much higher value at the moment.
So as I said before this is a period Magi has to go through and will be much stronger afterwards.

I also understand miners don't like to see others using high hashrates. Not everbody is ready to change the mindset yet.
Give it some time!
During that period I will buy the coins from the big miners and donate them to the Proof of Mining campaign.
For now I will donate again 10.000 XMG to the Proof of Mining fund.
Thanks for reading!

2914  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 25, 2015, 12:09:32 PM
They can better buy some coins while they are still cheap!!! Grin
They will not be buying cheap from me Grin

Better still, they should direct that considerable hashpower at the Magi Multipool and get paid in XMG.

https://multi.magipool.info/
Right thats a better option!
2915  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 25, 2015, 11:43:33 AM
They can better buy some coins while they are still cheap!!! Grin
2916  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 25, 2015, 08:22:53 AM
Magi XMG Proof of Interest II 2015 Launch 01-08-2015
Coin of the Magi the next generation digital currency!
twitter @103tango


Banks do give interest but not very much! Magi does this better!
The Coin of the Magi is the digital currency of the future, fair unique and for all people living everywhere!

Rules for the Magi Proof of Interest II 2015!

The base is very simple.
Time period: The Proof of Interest will last two months.

When can I register to participate? Registration will be open: 01-07-2015

How do I sign up? Tell me that you want to join the PoI here: http://bitcoingarden.tk/forum/index.php?topic=3990.msg93574#msg93574  Registration is done by posting your XMG address replying here on Bitcoingarden or PM me here or in bitcoingarden.tk, cryptotalk.us, cryptos.us, cryptocointalk.com & altcoinsfoundation.com

What information should I include? Write your participating wallet XMG address in a reply here: http://bitcoingarden.tk/forum/index.php?topic=3990.msg93574#msg93574 (only one address allowed to join, all addresses will be made public at the end of registration in interest of fairness of the campaign.)
(only one address a person allowed to join)

The team will check the address's initial balance, and that balance will start participating in the PoI. (After confirmation participant)

When will I receive my interest? Interest will be paid on 01-10-2015

What happens if I have more XMG in my wallet on 01-10-2015? You will receive interest on the amount present in your wallet on that date. (Advantage participant)

What happens if I have less XMG in my wallet on 01-10-2015?
You will not receive any interest from campaign, if your initial balance has decreased more than 15% at the campaigns end! (Drawback participant)

What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)

How will be interest distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.Team will check addresses random and record the coins in that address. Based on that the interest calculation will be done!

Who will pay the interest for this Proof of Interest campaign? I received the donation of 25,000 XMG.
(For the second time! Love this guy)
On his request, the donor will remain anonymous! Payouts will be done by me.

Interest will be paid to the designated address wallet.
Changes of participating address during the Proof of Interest is possible only once per user in the two months period (changing is not advisable, though).
Exchanges or wallet address on an exchange are excluded from participation.

NOTE: The team reserves it's right to send a warning to a drawback member, that his balance is decrease more than 15% on their regular random balance checks.


If you have questions don't hesitate just ask me.
More info about the unique M7M PoS II PoW PoM Coin of the Magi check: https://bitcointalk.org/index.php?topic=735170.0

5 days left before registration of this awesome campaigns starts!  Grin
Don't miss it!
2917  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 25, 2015, 06:34:31 AM
Currently I get some exceptions after running p2pool with the magi code. You can see my log here http://pastebin.com/tUeptdbh

I used the git repo https://github.com/feldenthorne/p2pool-magi and changed in the file p2p.py in the bitcoin folder https://github.com/feldenthorne/p2pool-magi/blob/master/p2pool/bitcoin/p2p.py the "version" IntType from 32 to 256
because if I donīt change it the P2P connection will not be established cause of false value lenght errors in the Magi debug.log of the Daemon. Anyway this is not the whole solution and it is still not working cause of the error see above.
Please donīt wonder about the different ports in the p2pool log and original git repo. The logs are older. But the results are all the same so it doesnīt matter which ports you are using. My current test environment using the following ports so they fit to the git repo default ports of p2pool.

Can someone help me to solve this issue or tell me how to change the code of p2pool that the p2p connection is working?

Before I respond to what I assume is your PM, I'll just go on record here and say that my repo is non-working (and I'll change the description to reflect that). I believe P2Pool needs a bit of a rewrite to work with the Magi headless/Qt wallets. I ended up putting the project on hold because there wasn't much interest in it at the time.

Edit: also, if anyone else has asked me anything recently, I've been out of town for a wedding and I'll be out of town for a few more days yet. PM me if you have a question.

Spexx did you receive a message why?
Is this an action from competition?
I can't understand why somebody would doing this.
___________________

Feldenthorne that would be nice!!
But first enjoy your wedding! Its its yours? Wink
2918  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 24, 2015, 11:37:10 PM
http://bitcoingarden.tk/magi-xmg-proof-of-interest-ii-2015-to-launch-01-08-2015/

Nice!  Grin
2919  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 24, 2015, 06:44:57 PM
Maybe spreading the world helps getting more people to meet The Coin of the Magi!  Grin
https://bitcointalk.org/index.php?topic=1079851.0
2920  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 24, 2015, 03:57:24 PM
Probably about time for a repost ...



OVERMINING: BAD

The current situation is that we have a total hashrate of about over 50000 Kh/s
The blockchain produces 480 POW blocks a day. If these have an average reward of 2 XMG (like now) then the total coins mineable in a day is 960 XMG - let's be optimistic and called that a round 1000 XMG.

So if you are lucky enough to throw 5000 Kh/s at it, the expected share would be:-

1000 times 5000 divide by 50000 = 100 XMG per day

... or in English, about a quid a day - about a quarter of the price of a pint of beer around here and really not worth burning all that electricity for.

Edit: Smaller miner at 25 Kh/s getting 0.5 XMG per day

LIMITED MINING: GOOD

Now I already pointed out that if the 33 miners (that is just 3 percent of all miners) currently throwing over 250 Kh/s at it ALL reduced their output to that level, we would shave about 25000 Kh/s off the total hashrate and start hitting the Sweet Spot. Let's say that average block rewards go up to 30 XMG and have another look.

480 blocks times 30 = 14400 XMG

So if you are throwing 250 Kh/s at it and the total hashrate is now only 25000 you get:-

14400 times 250 divide by 25000 = 144 XMG per day

There you go - 44 percent increase in daily income for one twentieth of the effort electricity cost. Simple arithmetic, no smoke or mirrors, I kid you not, trust me on this.

Edit: Smaller miner at 25 Kh/s getting 14.4 XMG per day

How about average block rewards of 40 XMG? Nicer still.

This ought to be the best incentive. It does however require intelligence and courage to implement the change to a better way. The alternative is to keep chipping away for dust and make everybody else do the same, which is pathetic and stupid, possibly spiteful. Certainly not community-spirited

Sad


Thanks for sharing this info over and over - but...it seems doesn't help for some mo..erf...ers  Angry  Cry

Oh yeah, do you guys think it would help to put this info in OP and highlight it?!

Think its a good idea Z0n0.
Thats something Magi team will work on.
Modern and better OP!
--------------------------------
Edit: Ideas, tips or help are welcome!!!
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