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1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 03:47:02 PM
Thanks for the advice. But I understand very little English spoken. I'm not a native speaker. When reading I lose most of the essence. Therefore, I ask questions and very long they translate that to understand what is at stake.

That is ok and we are here to help.

You cannot kill the coin as a whole with a large hashrate, but it would "kill" the block rewards by reducing them to near zero for a lot of the time. Take your time to read up and if you have any questions, just ask here and we will do our best to answer you. Let us know your native language so maybe another person can help. You might like to try Google Translate - it is not very good but can help a lot.

I have read and reply to you via this service. Well, I have studied in detail the first post and ask a question. I'm from Russia.
2  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 03:33:48 PM
Just read post 1! Special number 6 and 7!
It will tell you more about the unique blockreward system! There is also a lot of info on the links under Proof of Staking. Take your time to read up!


If you like to mine a different coin and change that into XMG use Magi multipool!

Thanks for the advice. But I understand very little English spoken. I'm not a native speaker. When reading I lose most of the essence. Therefore, I ask questions and very long they translate that to understand what is at stake.
3  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 03:19:15 PM
I'm new to this issue. Explain to me why such a speed can damage the situation? Because it just me? Or because this rate is generally detrimental to the currency?

Can I distribute this rate accounts for 10? In this case the same harm to the currency?

What CPU currency I produce without harming it?

This post from just a couple of days ago illustrates the position very nicely. XMG block rewards are highly dependent on the total hashrate, which is itself determined by the time taken to mine previous blocks (which adds a kind of random element to it). This is one of the unique features of XMG and is frequently overlooked by people new to the scene, so you are not alone my friend Wink

https://bitcointalk.org/index.php?topic=735170.msg11542393#msg11542393

It should be apparent that adding 10 Mh/s to the total will kill the block rewards.

If you direct your hashpower at the XMG multipool https://multi.magipool.info/ using another algorithm of your choice, the proceeds are paid to the multipool in BTC and this is converted to XMG for you by purchasing XMG on the exchanges. This mechanism allows you to mine as hard as you want and supports the price of XMG on the market. Genius if you ask me Cheesy

If you are able to split that hashpower and point it at multiple pools, obviously the effect would be much the same as if you pointed the whole lot at one place. However, if you wanted to point 250 Kh/s at Coinmagi pool http://pom.coinmagi.org/ and participate in the Proof of Mining campaign, then that would be very welcome and you will get a bonus for taking part. See https://bitcointalk.org/index.php?topic=1028548.0 for details.

Hope this helps.

You helped me, but still it's hard for me to understand. So, the lower the speed of the network, the better? What then is the development?

Do I understand correctly that if sent to the XMG 120 000 KH / s I will kill the XMG?

Perhaps my solo production possible? Or it does not change anything?
4  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 02:50:36 PM
I have a potential capacity of 15,000 KH/s. Guys, I'm afraid to break your coin. What should I do?

I am just curious about how you are able to achieve such an insane amount of KH/s

Would you mind sharing the setup you are using to get this?

I have a lot of computers =)
5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 01:32:21 PM
I have a potential capacity of 15,000 KH/s. Guys, I'm afraid to break your coin. What should I do?

mine some other cpu coin sell it and buy XMG with the earned BTC

Can I work with your coins without threat to you?

Hi,

That hashrate aimed directly at the XMG blockchain will simply reduce the XMG block rewards to zero, which would not win you any friends around here Wink

If you want to use that considerable hashpower to acquire XMG directly then the best way would be to mine with another algorithm on the XMG multipool. Oddly enough, all the relevant details surrounding this very issue can be found within the last few pages of this thread and the link for the multipool is just above here, as well as on the OP.


I'm new to this issue. Explain to me why such a speed can damage the situation? Because it just me? Or because this rate is generally detrimental to the currency?

Can I distribute this rate accounts for 10? In this case the same harm to the currency?

What CPU currency I produce without harming it?
6  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 08:44:37 AM
I have a potential capacity of 15,000 KH/s. Guys, I'm afraid to break your coin. What should I do?

mine some other cpu coin sell it and buy XMG with the earned BTC

Can I work with your coins without threat to you?
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: June 07, 2015, 08:36:04 AM
I have a potential capacity of 15,000 KH/s. Guys, I'm afraid to break your coin. What should I do?
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