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This whole "coin rape" thing (which honestly is just a wrong way to put it) won't be an issue; please look at my previous post about things we did to counteract the instability caused by hashrate spikes.
With X11 it will be. Regardless of difficulty retarget or block target time the hashrate will be massive only for the coins to be dumped on the first exchange. It's happening over and over and over again with every single X11 coins. I mean you can rent up to 3.5 ghs farms. Do you have any idea how many GPU's would that be? And those are only the public ones, so yeah, I'm pretty sure there are super efficient miners or massive farms or ASICs out there for x11. And later down the line profit switching multipools will mine and dump this coin until it's not profitable anymore like every other coin. On the testnet the coin bounced back pretty quickly, but I get your concerns. I guess there's only one way to really find out, though  How about a friendly wager of 50 MAG? |
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http://mag.minerpools.com/ - SSO enabled, anyone who registered for the crystalcoin pool is already registered for future coin launches, same goes for everyone who registers on our MagCoin pool as well. Just updated the OP with your pool's link! |
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Hi folks,
The past few days I tried several programs to decompile the Cgminer used for the Innosilicon A2. I want to make compile a version that allows for some more flexible overclocking, as well as being able to direct the individual blades to different pools (or all to the same, or any combination).
So I have no access to the source or the means to decompile it. I need help! someone willing?
Greetz,
emdje
Try looking at sgminer, it's open source, and last time I checked, faster than cgminer. Their GitHub: https://github.com/veox/sgminer |
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we just slow them down a bit
A bit ? From what you said , with people making hero members in a day , it seems like the time taken has changed from a day to make a Hero Member to a year and a third. 420 days is more than a small duration. The current system is pretty good, I don't see a post a day being spammy except in rare cases. Okay maybe I should use "a lot" instead. My main point is, there is IMO no way to really stop account farming and slowing it down is already the best we can do. And yes, I like the activity system as well. Interestingly, my activity seems to be stuck. I'm past 20 posts (almost thirty!), waited an hour, and it's still at 14 :/ |
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Update: Both Windows and Mac wallets are now compiled and tested  |
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2,5 BILION ?!
2 500 000 000 000 ?!?
IS THAT CORRECT? AMOUNT?
Yes, that would be the total coin cap. |
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Thanks for adding the coin to your voting, I appreciate it! X11 is an amazing algo, look forward to seeing this coin launch
i'm not surprise that a 1 activity newbie say this, probably a rent owner x11 is crap use something like fresh algo, energy efficient less farms raping Rented rigs + rape issue still standing even in fresh  This whole "coin rape" thing (which honestly is just a wrong way to put it) won't be an issue; please look at my previous post about things we did to counteract the instability caused by hashrate spikes. |
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Spoetnik, c'mon man. you're not even trying anymore. Big Vern programmed atari's at 12 years old. He's one of, if not the most highly recommended Ecommerce web developers in the game. he has thousands of recommendations on LinkedIn. Mention his name as a reference in a job interview = you get a job. Dude is more important than you will ever be, and he's a damn good developer. FWIW, he's also pretty cool once you get to know him, and he gives solid advice.
Am i cheerleading? Nope. I don't like some things they've done in the past, and you can ask any employee @ cryptsy i'm very vocal in airing a complaint, i just don't do it on the forum which is what a child does for attention. I contact the person directly and handle it. I told vern hey, i don't like xyz, or hey i think you should change the way xyz works. it would be more efficient. or hey xyz sometimes shows xyz message when condition w is met. the customer should never see that message.
I do have an outstanding complaint about a feature of the site, and i will not comment about it publicly but at the time of this writing it hasn't been fixed yet. i would consider it mission critical, and i've reported it, but you know, its whatever at this point.
if this is true then i'm shocked he has gone out of the way to perpetuate a site that is full of known bugs and glitches!!!  Bugs and glitches can happen to anyone, though -- careless mistakes are very much a part of being human, and hence I think jumping to conclusions isn't really a responsible thing to do :/ |
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Not bad. I will probably mine this.
Thanks for the support, rayday11. If you have any suggestions or comments just post them here  |
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The multi-vPoW solution involves adjusting block rewards based on which algorithm finds the block. With Myriad as a parent multi-PoW, the child coin can become a multi-PoW (if it isn’t already) that selects a few algorithms that are merged-mined by parent Myriad algorithms and an algorithm(s) that is not merge-mined (creating a degree of overlap).
Wait, what exactly is the purpose to have the overlap? Sorry, some of this is confusing me a bit -- if you could just elaborate on how making the child multi-PoW plays into the overlap. The purpose of having the overlap is to devote a few of the algorithms to network security through merge mining and "tip" them a smaller block reward while keeping a few others with the "real" block reward numbers. Looking at the examples in my visualization again, Myriad Child A overlaps Myriad with the Myr-Groestl and Qubit algorithms. Myriad Child B overlaps Myriad with the SHA256d, Scrypt, and Skein algorithms.  In layman terms this means we can make a merged mined child coin which would support shitcoin algo of the week aka the X series. while still having all the normal power on the myriad network. (We'd support the myriad algos while other pools? and pools for the other algos would mine on the X algorithm) Ahh, I see. So it essentially allows for easier transitioning from algo to algo without hurting one specific coin due the chaining effect that would've happened otherwise. Got it... I think |
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Refer the post #10, as I don't want my reply to take up a huge chunk here (looks spammy). Should be just up above a few posts.
Thanks, makes sense. X11 is an amazing algo, look forward to seeing this coin launch
What makes it amazing? The massive farms raping it in the beginning or the multipools which will dump it's price to the usual level after the exchange? Look at multiwalletcoin, 3500 diff at around block 100. I noticed that about X11, which is why I enhanced the coin's hardiness and general reliability by implementing the difficulty-reliant reward and reduced the time between difficulty adjustments (KGW). |
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Can you make the coin count like 1 million, so that we early adoptors can mine 10s of thousands of the stuff, pump it past 100k SAT and mega rich/
Sorry meng, no can do -- try PumpAndDumpCoin over by Aisle 3, should suit ya nicely  What's the logic behind going backwards to longer block times?
Refer the post #10, as I don't want my reply to take up a huge chunk here (looks spammy). Should be just up above a few posts. |
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You seem to be a reasonable guy, I'll add a pool on friday, reserve a spot for Suprnova
Thanks! Did you take a look at the p2pool-mag repository? Nice! More X11 coin.I love this algo That makes two of us shitcoin
Might I ask as to why you came to this conclusion? Pointless asking why they have come to that conclusion , some only know those 8 letters on there keyboard and they say it because they are trying to upgrade there member statis , best just to ignore idiots like that !! Thanks for the support, a dev can only do so much, eh? |
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shitcoin
Might I ask as to why you came to this conclusion? |
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Lots of coins, long block time, not feeling it.
Sorry you feel that way, hope you'll change your mind in the future Also, if you don't mind me asking, is 3 minutes really that long of a block time? I was concerned about blockchain fragmentation or corruption with block times that are too low. What does "MAG" stand for?
Contrary to popular belief, MAG is not Magnetic It stands for MAGNITUDE! I wish you luck with your coin as it does appear you have put some though into it. That said, yes, I believe a 3 minute block time is excessive. If I'm not mistaken, that is a longer block time than 99% of other coins. That hurts, mainly due to the fact that I didn't just go to GitHub and fork DarkCoin and replace a few variables. I also thought that going through and explaining the coin more in-depth for the pre-announcement thread would make a good impression, but I guess that may have fallen short. What are some things I could have done better? Also, what are your thoughts on blockchain forks caused by too-fast block times? My research (albeit, not anyone credentialed professionally suggested the following): A) "... More mining power is wasted on making orphan blocks due to block propagation delays" B) "The ratio of typical propagation delay to typical block mining time also affects how frequently confirmations will be reverted" C) Double-spends due to attackers mining fast enough ("the chance that the other payment will be accepted into the block chain rather than yours, and yours will be considered invalid") For these reasons, I decided not to change from 3 minutes to 1 minute. However, I may not be understanding part of the problem. Are there other aspects that outweigh the speed aspect to double-spends? Block Time: [3 Min] better change to 1 min See my reply above. |
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What does "MAG" stand for?
Magazine  Nice try, but nope! What does "MAG" stand for?
Maglite Really? A flashlight? You wound me. |
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Lots of coins, long block time, not feeling it.
Sorry you feel that way, hope you'll change your mind in the future Also, if you don't mind me asking, is 3 minutes really that long of a block time? I was concerned about blockchain fragmentation or corruption with block times that are too low. What does "MAG" stand for?
Contrary to popular belief, MAG is not Magnetic It stands for MAGNITUDE! |
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Bounty donation address: mSrDurwNvaFw3UX39WbkgDCdg6k8AhHtBs
ATTENTION MPOS POOL OWNERS:
$config['getbalancewithunconfirmed'] = true;
SHOULD BE
$config['getbalancewithunconfirmed'] = false; MagCoin Basic Specifications- Algorithm: [X11]
- Block Time: [3 Min]
- Reward: [Calculation-based/adaptive (see "rewards" section below)]
- Difficulty Adjustment: [KGW adaptive algorithm]
- Total Number of Coins: [2.5 billion]
Rewards Calculation Previously, rewards was not explicitly stated, because it is dynamically calculated based upon this formula: [(10 * difficulty) / (number of blocks + 129600)] * 129600 Thus, a higher difficulty contributes to a higher payout per block, while the height (or number of blocks) prevents a suddenly-increasing difficulty from giving out too many coins. This means that MagCoin is also inherently more resilient to profit-pools (pools that mine the most profitable coin, which often can cause hashrate spikes). Additionally, with KGW smoothly adjusting difficulty, the coin will be very stable. Why You Should Mine It- Using X11 means you'll be hashing much cooler -- no more are days of sitting in a far-too-heated room monitoring cgminer!
- KGW difficulty changes + reward calculations will never be sudden, so value will stabilize quickly, and the coin won't jump all over the place.
- P2pool has already been modified to work with it, so you can run your own node from day one. It's as simple as git cloning a repo I've set up.
- A reasonable cap on the total number of coins helps with maintaining necessary scarcity.
- The innovative reward-calculation feeds into concepts of economics, as it balances difficulty and block payout.
Miners MagCoin utilizes X11 cryptography, so any DarkCoin miner should work without any fuss. There are also modified kernels in some miners, which may offer a hashrate increase. I personally do not use them. The GPU miner link can be found below in the "Assets" section. Note: on my first try, I didn't get the GPU miner to work. You might not, either. The first thing you'll want to check is that you have the latest version of Catalyst, though. I have 14.4, and I'm having success. If you have problems, post here OR any DarkCoin mining thread, as the programs are the same! Also, as with all GPU mining, it takes some time and tuning to get maximal performance, so don't be disappointed if your hashrate seems low to begin with! Also, check to see your conf file specifies intensity, as the default is 8 (which is very low, even for crappy GPUs). Finally, if the x11mod kernel doesn't work, try using the darkcoin kernel instead. CPU miners are a bit trickier, though. As quoted from CPUCoinList.com, "There are several versions of CPU miners for X11. There are currently two versions of the CPU miner. If your CPU supports the AVX/AES instruction sets, use the 1.3 version. If not, use the 1.2c version." There is also a README file in the 1.3 version's ZIP file, so read-up. I tried several miners with my AMD Phenom, but ultimately wasn't successful with any of the 1.3 miners. So, when in doubt, just go 1.2. Note: when running the miner, be sure to specify "X11" with the -a flag, like this: "minerd.exe -a X11 --url=http://somepool.com:1234 -u test -p x". Otherwise, it will default to SCRYPT! PoolsAssetsBountiesBounty donation address: mSrDurwNvaFw3UX39WbkgDCdg6k8AhHtBs
I am a human being, after all, so I can't do everything (sure wish I could). Hence, I'll be offering bounties (in the form of PayPal). If you would like to be paid in MAG, I am perfectly okay with that. Just PM me and we'll figure something out, since MAG doesn't actually have a value yet (until it gets onto an exchange). However, you could look at it as an investment opportunity (in which case you would have a great bargain if it becomes successful). My advisement is: if it's easy to you, take payment in MAG, since you have nothing to lose. If it's time consuming or difficult, opt to be paid via PayPal. All payments will be sent as a gift, hence no chargebacks. - Android wallet: [100 MAG]
- Online open-source wallet: [not yet set]
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I agree x-11 is my favorite algo too. Awesome Hey, PM me if you're on Reddit (@luxkore), as I'd like to talk more there if you're down to -- I just am more comfy using RES than this forum, which feels a little clunky (and personally, a bit annoying cause the 6 minutes limit). I'm not exactly a newbie to crypto, just finally decided to get an account and start commenting (not just lurking now) Look forward to speaking with a fellow enthusiast of X11  Wasn't intend for me but... There are +'s and -'s with both. I'm a redditor too. I like the messaging here better, and the central hub of knowledge. I like reddit's altcoin scene a little better. Your 6 minit wait limit will shrink after you get to 15 posts I believe, and it will eventually go away all together. fyi Hey, that sounds great! Right now I'm just dual-tabbin', haha -- wait until roughly six minutes, come back and post something I wrote up already. Go back to reddit. Rinse, wash, repeat |
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A wallet with built-in ads?
LOL
Good luck convincing people that you're not profiting off their tracking data.
Then when an embedded advertisement exploits a vulnerability and steals everyone's wallets, I'm sure the value will skyrocket.
Who doesn't love a language that has been responsible for countless infections and/or creepy tracking? NaN === NaN => false ftw |
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