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Anyone know wtf is taking cryptopia so long to enable xmg wallets?
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What is value out? I thought that's what they were being rewarded. |
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@realbagdad "But from what I understand, you send the coins to yourself to reset the age right? So you can stake a lot more than 3-5% by doing this repeatedly?"
no you have 10k you send yourself 10k you unlock your wallet for staking and it will put that 10k or 9800 as a stake and you cant send them anymore while you are staking them and than you have to wait until you have enough weight to begin staking. And 5% per year is something i never seen except maybe 2015.
Hmm I hope you're right then about it being negligible. I just see the PoS blocks and think they're massive, while we miners get a fraction of like 5-10 xmg at a time. |
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staking rewards are not that good as you think per 10k you would get around 0.005 to 0.01 every day. When you have weight you get 2x 0.0x in one day than as your coins get older you get 1 0.00x and than it flops in few days and than you send your coins to yourself and wait hours or days before having the weight again...you need to have more like half mil to get stakes you imagining  Staking should give you 3%-5% over a year (better than most banks these days) like most things it ain't a get rich quick thing..  But from what I understand, you send the coins to yourself to reset the age right? So you can stake a lot more than 3-5% by doing this repeatedly?
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up
You could always buy some XMG. Again, the rich getting richer. If you have $10k, you can buy a lot of coins and start staking something. Most of us can't, which I know, is my fault for not mining from day one, but I think it's still early for magi, and so it just sucks not being able to do much about it. Let's not even get into the fact that mining is useless if higher hash rates are destroying the network. |
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Hopefully, one of the devs can explain this. Why the disparity between PoW DIFF (currently nearly 3.5) and PoS DIFF (0.0004)? I get it that PoW is actively and constantly hashing m7m looking to solve a block. I get that PoS is sometimes hashing scrypt to confirm transations. What drives PoS DIFF up and down, though? The blog post about PoSII doesn't explain it well enough for this mathematical idiot.
Which blog post? PoS is poorly explained in general IMO. I had to look all over and through dozens of posts to get somewhat of an idea of how it works. |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up |
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mining working all good now minerclaim for the win not til they confirm and pay out! |
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Hello friends, what is the formula or equation to calculate the amount of currency generated in a given time, existing formula? Or simply someone knows how many Kh / s are needed to generate 1 xmg in 24 hours. infinitely grateful for any help friends, thank you and happy mining  it depends on how greedy the network is. right now it's 0 xmg for infinite kh/s |
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Oh my pool didn't show past the last 50. Just as I thought, everything's still orphaned..so I won't waste my hashes for now. |
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block 1607170 is 35 away from either being confirmed or orphaned
Really? I've got block 1607000 still saying immature. just reading the blocks on supernova. down to 33 check rounds 1607001 was orphaned. Where are you checking the orphan blocks? |
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https://cryptotastic.net is ready to go. We are updated and waiting for the hard fork block to hit!!! Come join us for some mining action when it does!!! Do you know if they are going to orphan until then? I don't want to waste my hashing in the meantime since I don't have much power |
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mining seems to be doing nothing. no magi coming in at all at minerclaim. minerclaim issue or global?
cryptotastic.net looks working nothing's working til we get a confirmed block! |
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Don't get your hopes up until the blocks are confirmed. Anyone know how many blocks to confirm on cryptotastic?
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If I understand correctly, downloading block-chain data (which is a 1,3 GB file) is not necessary. One can just (1) backup the file wallet.dat, (2) install the new m-wallet leaving the old folder Magi unchanged (3) open the new m-wallet and wait until it syncs.
Is this correct? Is the old block-chain folder stored in the Magi folder still usable? Will it sync correctly? Thanks
Yes, NOT necessary to redownload chain data. Thank you very much! The developers of this coin are very active! Another question: I tried to withdraw my MAGI from my Cryptopedia MAGI account. It is not possible. Cryptopedia displays an error message saying that the blockchain of this coin is in maintenance (at the request of the developers). Will this be fixed soon? I would like to bring my MAGI in my wallet to start minting. Thanks! Same here. Maybe after the recent blocks show confirmation the devs can get that maintenance over with. |
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when pump the price ? hard fork and wallet update is good but price is stable
We will start pumping the price in approx 6 hours. The network has to all be on board for this to work. Get ready! |
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How many blocks to confirm? I would like to see one confirmed before I start mining anywhere |
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Anyone know a working pool?
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My wallet just showed me passing the hardfork, but it keeps crashing... what's going on?
seems someone fucked up with the new wallet.. |
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Erm...Can anyone help me on enabling staking? I've put "staking=1" and "posii=1" (with out the " ") in the magi.conf but the wallet still shows not staking (only those 2 commands were input)... Can someone help me on where I've gone wrong? Thanks.
Have you specifically unlocked your wallet for staking? magid walletpassphrase YOUR_PASSWORD 9999999 trueIs this a necessary step beyond getting the icon lit up in the Wallet GUI? |
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Seems like most posts here get ignored, so I'll just ask again. Anyone here verified on bittrex and willing to help me buy some coins while I wait for their verification crap to go through? It's been 6 days since they disabled me right after accepting my documents. I don't know what to do since they just don't reply, so I don't want to miss buying some while they're not too expensive.
Seems strange that you don't want to risk using Cryptopia - but you are willing to risk sending money to strangers. Whoever trades: Make sure you use an escrow service Risk using Cryptopia how? I use Cryptopia. They don't have the coin I'm looking for right now. |
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