Smart people / believers get in at $200 or so, that's 50%+ net profit.

I have a trust that BTC should stay around $500, won't be achievable at once; let's see $350 or so regarding this rising (I might be too optimistic).

make sense, google search will do, guess many people (including me) rely on that.

This is unexpected too . After reading your post, checked the price, wow; guess will stop at where?

I will reject that, lol .. this is amusing btw.

Well this is a bit unexpected, I thought those people who are able to operate botnet are kinda talent, or there is a quickstart guide to create a botnet. Restricting 32-bit minerd obviously is not an effective approach to avoid botnet let alone people can get it from a variety of sources I believe.

I will send a request to AV vendor to remove the detection according to Spexx's suggestion; also code should be out soon so that Spexx and others can get a compilation too.

Have to do some personal stuffs. allow me uploading shortly, also was trying to integrate the improvement and http getwork.

Thanks, good to know about this. I got "Detection ratio:   6 / 57"  , any suggestions to remove them?

https://www.virustotal.com/en/file/ab8b75b7b3af8a78f6fbe13231fcb621d7d70a5330a82f5de2f057e6d846f091/analysis/1422158966/

Let me know if you run into issues or any questions.

I'd say it's in the middle level among others.

I am hardly able to give the reasons, it would be better if we can locate detail information regarding these invalid blocks from debug.log.

Can you try the following miner:

https://sourceforge.net/projects/coinmagi/files/m-miner/Wolf-m7m-cpuminer-V2/

These were compiled under windows machine and zipped under linux, not sure zipping is the critical part. I got the same thing when McAFee is on, but pretty fine with the new miner.

Spexx, what's your opinion regarding the AV software? seems like people never run into problems with your software package.

It's not supporting http yet, I'll get that sorted out.

Firstly thanks Wolf for the work and agreement by offering bounties to release his optimized miner. Based on his code, I've worked on it a little bit and got about 50% further speed boost.

https://sourceforge.net/projects/coinmagi/files/m-miner/Wolf-m7m-cpuminer-V2/

To mention, getting the higher hashrate is not the goal of this coin; instead, that allows one to control his mining hashrate in a greater range as desired. One will have the greater ability, so greater responsibility ( ) to secure PoW (block reward / network).

#1, less power consumption to attain the same speed (as before), i.e., more energy saved

#2, with less number of generic miners we can achieve reasonably high hashrate in order to combat the big miners, though this is more or less a "dream" as I wished coming a day without superb miners.

@NeedIfFindIt It might not be that straightforward to slow down the hashrate according to the block reward, but we may need a more smart approach to adjust the speed. Since the big miners are around, whenever generic miners slow down their hashrate, blocks (higher reward) are mined mostly by big miners. I wish we can mitigate the hashrate a bit one can live with but still provide secure to the PoW network.

I'll get the "-e" option for the new miner in order to adjust the CPU usage (to "hide" it effectively in case one needs that ).

We got a bunch of posts all over around. Firstly let me answer the question. Staking is always enabled whenever there is a balance in the wallet (if password is set, unlock it). When you get a PoS reward, NO NEED of "make a new payment to yourself" in order to initiate staking again. Sending new payment to self is a way to optimize staking, according to PoS-II design. What happens when a PoS reward is received is coin splitting. Let's say you send 500 XMG initially for staking; in this case, 500 XMG is stored in one transaction. You can see that by enabling "Display coin control features (experts only!)" (wallet-> Settings -> Options -> Display), then go to "Send coins" tab -> inputs. Once a stake is generated, 500 XMG gets splitted and becomes 2 x 250 XMG with 250 XMG per transaction. The staking will then proceed with two transactions. You can see that getting reward for the 250 XMG staking needs extra time compared to 500XMG staking, but you have 2 staking going on simultaneously. Keep track of the splitting by viewing inputs and do a resending once coins per transaction are too less (say < 50).  I'll experiment this further to get a much clear idea on how the spltting is going and when is the best time to perform a sending-coins-to-self.


If you're new to PoS, here is a wiki info and google search: http://en.wikipedia.org/wiki/Proof-of-stake

In addition to above, to stake effectively: Don't send significant amount of coins at once in one transition in order to get interest easily, that's not the case for PoS-II. Don't send coins during staking, or stake time will be reset. Don't keep the wallet offline for more than 5 days in any circumstance, or you need to reset the stake time.

This is fun.  


Liked the initial one "It's a kind of magic. There could be only one"; whilst the one magic posted is tremendous; [his username always makes me recall the early days when the coin was launched, there was a person named "111magic" came to the thread. I was thinking someone kidding me , though I found out finally he had a story about that. that was fun and nice one could recall].

Will get a fix to this.

Thanks for the heads up.

Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

Our marketing manager is the best marketing man in the world.

It's my pleasure, and also glad to see some of people liked the PoS-II concept.

I think it's working..

Hey guys, I have to mention that there is no penalty in Magi's PoS-II for one staking with a big amount of coins. If you didn't get it, please read some docs or PM me (I don't want post many Magi's links here); you're misunderstanding this point. You're gonna stake as like the general PoS coin, but you have to be careful (not like in a general PoS coin, stock & stake).

Rules (PoS-II): Don't send significant amount coins at once in one transition in order to get interest easily (some people understand how PoS works, and they know how to get PoS blocks easily; but that more or less has security concern). Don't keep the wallet offline for more than 5 days in any circumstance, or you need to reset the stake time. That's the rule if one want to stake many coins.

I agree with HP's post (quoted below), and would like here to assist. As discussed, we will go with general PoS and then possibly migrate to PoS-II in the future regarding some stability concerns, to be clear. I welcome anyone points out the deficiency of PoS-II, but please firstly understand how PoS-II works. Addressing any possible issues in PoS-II will consolidate any measure we would take later on for NOBL to go with, if that's the way we're heading. Also, I believe we're trying to solve the issues rather than debating. If you think people talked too much Magi, let it go and let's get general PoS working ASAP.