Is the month continuous, because there are things like system crashes (depends on the weather) and so on and so forth. Nonce pool it is then. I'd love to be part of this campaign too. Does this include pool mining with a cpu or is it merely for solo mining?
It include pool mining : "You must register in pools: http://xmg.suprnova.cc and http://magi.nonce-pool.com; You'll have to remain mining (estimate a month) in the pool; we will have the pool verify your mining status including hashrate; " Supposed to be continuous; we will carrier out several times of survey on the miner status; if miner is inactive by that time, we will make sure user aware of what we get. Any incident won't affect the user status in the campaign.
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Backed by the popular demand... Coin Magi will be the first few coins listed in the TOP position of Coin Market App along with Bitcoin, Litecoin, Ripple, BitsharesX, NXT, and Peercoin. Thank you for making the effort to join along the future of how we track information for Coin News and Important Links... this is .. Coin Market App. We're launching as Public Beta on Google Play in a few hours. Stay tuned and show support at https://bitcointalk.org/index.php?topic=792912 Donate address listed bottom of http://www.CoinMarketApp.com - Show some support for Coin Magi Coming soon Screenshots (today) on Google Play!I am excited to hear this news. The app is just amazing. All community members, please show your supports here: https://bitcointalk.org/index.php?topic=792912. As you can see, there are many requests in the thread; while Magi is only few of coins added to the app at the launch. Please tip coins to support their work: Donation BTC address: 1LJLKyEHhNqrwJzZxMvCMjyo3vkCXnkLb5 I am setting up XMG donation: 99Sg2jHMt8quEk72YxPTCpnn3dnQEkZtV6; all XMG donations raised here will be passed over to the CoinMarketApp team. Thank you!
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How many XMG I will be able to get daily mining with droplet (digital ocean) ?
Not sure (do need some data on this); anyway you can get two free vps.
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intel i5 780@2.8G 4core can reach 30k hash ? my cp is windows 32 system Let us know how much hash you got, post detail information about your cpu etc and the hash rate too; I will let you in even if less than 30kh/s
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Just got confirmation of nonce-pool.com, they support the campaign too, so either pool is fine (in case you need to change pool, submit another form and put a note)
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[Proof of mining campaign]We initiated the proof of mining campaign. This campaign will assist us to be cpu coin, and the campaign will compensate your unprofitable miners: Details: https://bitcointalk.org/index.php?topic=802681.0Register there, more coins will giveaway to participants. ** | Benefits of participants | ** |
1) CPU mining XMG; 2) All participants will receive a share of XMG funds; currently 112,505 + 2,000 XMG are available and the funds are still growing. As an example, totally 100 people participate in this campaign, each person will receive 1145.05 XMG; 3) We decide unswapped coins left to giveaway to participates too; however, we reserve the right how many coins being distributed (very much depending on number of participants), and when these coins are issued (to protect the market).
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new coin again, actually what is the advantage of this coin compared to other coins
dont know how I can answer that well, but read the OP first; then let us know what you think; anyway glad to see new faces here! wtf is wrong with magi? 1 hour ago mining was okay , and now based on the XMG/Day stats this coin is worthless to mine? how? why? when?
pls be ware of the varying block rewards; check out the 09/28 updates in the OP (MagiUpdates) Current mining situation
Miners should be aware of the current low block rewards (5 XMG/block typically) is because of the overtuning of the rewarding system; that is, we are at III of figure (b), rather than I. This is important; big miners might need to lower their hashrate a little bit, so that the reward will be back to maximum (at I).
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Hey Coin Magi Community, We should really try to get this coin listed early on in the release of www.coinmarketapp.com which is launching on the 29th of this month - check it out https://bitcointalk.org/index.php?topic=792912.20As a community, we already achieved to get listed on 'Coin Market Cap' which was the very same day, thanks to all of us +1ing it.. I think we should collaborate on what links should be listed in this app.. in order to help the community find info without digging through hundreds of hours of threads. Dev what do you think? Community? I think this is a smart play, we all are early investors here with CoinMagi... and its just the beginning... If this app takes off and magi is listed in the TOP 10 or even top 20 position, guess how much publicity Coin Magi will continue to get? Yeah, exactly... I'm doing all I can to help, but we need the community to continue their efforts to work together. Bump for awareness Dev already responded and I made the effort to post it... Seems like Coin Market App has demand from more altcoins, we should step in... Anyone excited about this news? I am. Yes, I'm very curious. Hi, as I'm currently working on a magi-wallet-miner-app for smartphones (firstly android and then iOS), I would definetly suggest to participate in such nice development of coinmarketapp.com in its early days. I say go for it! irc: arda_@#magi Thanks arda, for your volunteer work.
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Hey Coin Magi Community, We should really try to get this coin listed early on in the release of www.coinmarketapp.com which is launching on the 29th of this month - check it out https://bitcointalk.org/index.php?topic=792912.20As a community, we already achieved to get listed on 'Coin Market Cap' which was the very same day, thanks to all of us +1ing it.. I think we should collaborate on what links should be listed in this app.. in order to help the community find info without digging through hundreds of hours of threads. Dev what do you think? Community? I think this is a smart play, we all are early investors here with CoinMagi... and its just the beginning... If this app takes off and magi is listed in the TOP 10 or even top 20 position, guess how much publicity Coin Magi will continue to get? Yeah, exactly... I'm doing all I can to help, but we need the community to continue their efforts to work together. Bump for awareness Dev already responded and I made the effort to post it... Seems like Coin Market App has demand from more altcoins, we should step in... Anyone excited about this news? I am.
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I understand people are keen to the anonymous features, market place, or advanced wallet development. I am not sure how important they are, but people should be seeing constant price pumping by updates in these aspects. While I am lack of expertise in these areas.. And what is TOR? We will have this and may get some addition feature based on Tor network. http://en.wikipedia.org/wiki/Tor_(anonymity_network)
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[09/28: Releasing MagiPublication, new block rewards explained, statement of future plans]1. MagiPublicationI've managed our first publication in the academic level, currently submitted to arXiv.org e-prints: A network-dependent rewarding system: proof-of-miningRaising up this effort has dual purposes. We've experimented a few new features in Magi in my expectation at this coin going towards a direction never achieved or attempted before. We are kinda researching something and such efforts should be recorded and published if possible. XMG does benefit a lot from either suspect & complaining voices or from positive comments in the thread. With many back and forth discussions, we seem like going toward a solid direction now. If XMG cannot achieve whatever it's supposed to be, subsequent coins might go stepping ahead of us by benefiting from the publications. I, myself, was working in the research field (credit: RG score more than 29 based on ResearchGate). I like to think and ask. I have been kinda addicted to the cryptocurrency since last Dec, and have thought about a lot over the time. I don't want point out for whatever reason I am doing this, this coin is just on the track, and I am not just joking in making a random coin, but rather seriously take it in the long run. I won't object to the argument of pump and dump (just meaningless wording arguing). If I did wrong the coin, correct me; I am very like to hear different voices. Back to the topic, publishing papers on XMG will obviously place XMG into a more broader audience, just imaging how many people will read the publication. 2. New block rewards explainedWe were missing a full description of the new rewarding system, reading: A network-dependent rewarding system: proof-of-mining. (a) - our initial design; (b) - the actual implementation in the M7M algo. Ads. (anyone can get a better ads or image based on this idea, shoot me a PM) 1000 people mining BTC/LTC with their CPU (assume 50Kh/s) only get negligible rewards; however, mining XMG yields 144 coin/day/person.Current mining situationMiners should be aware of the current low block rewards (5 XMG/block typically) is because of the overtuning of the rewarding system; that is, we are at III of figure (b), rather than I. This is important; big miners might need to lower their hashrate a little bit, so that the reward will be back to maximum (at I). Deep explanationWe have explained the rising part in the initial design: the system allocates more rewards to the network having more miners. However, simply increasing reward will drive miners towards building more powerful equipment. The relationship between mining costs and returns in consistence with economics should be the guideline to achieve the goal. We assume this is valid. For example, one who has powerful equipment and hence high cost as well will expect commensurate returns; otherwise, the cost must be reduced by reducing the usage of equipment. The efficiency of discouraging mining activities is fully determined how fast the rewards decline with difficulty (at the high difficulty range). It should be noted that self-adjustment of network difficulty in accordance with rewards is affected by both the reward declining rate and the market place of the cryptocurrency. One can build up more powerful equipment to compensate the declining rewards. A much faster declining rate will disable any possibility of acquiring desired rewards by simply building more hashing power. Fig. (b) shows an improved rewarding system as implemented in XMG, by incorporating a cut-off function. The maximum block reward is available at Diff = 1.75 (I) (or ∼ 40 MHash/s). The reward is halved when Diff = 2.20 (or ∼ 51 MHash/s) (II), and equals to 1/10 of the maximum value at Diff = 2.37 (or ∼ 55 MHash/s), at which the low rewards will be lack of incentive to the miners. Does the new rewarding system work?The short answer is yes. Let's take a look at the pool status before and after the hard fork (new reward): BEFORE (nonce-pool and suprnova, respectively) AFTERSummary==================== | ==================== | ==================== | | Network hash ratio | big miner weight (>5 MH/s) | Before (at block=2660) | 115 MH/s | 47.5 % | After (at block=5682) | 83 MH/s | 38.4 % | ==================== | ==================== | ==================== |
The big miners did have been depressed to a certain level; we will carry out proof-of-mining campaign to help this further. Proof-of-miningOne may expect the market place will affect the miners’ behavior significantly. For example, the high-pricing reward leads more miners into the network which immediately move the block reward out of the maximum region. This initiates a self-adjustment of the rewarding system. Realizing the marginal rewards (e.g., at III of Fig. (b)), some of the miners start ceasing their minings, thus pushing the reward back to the maximum. In this case, it will be relatively less advantageous for miners quickly in and out the mining activity. One will need to show a proof of mining in order to gain sufficient credits to declare the rewards. The new system emphasizes the participation of miners instead of their hashing power. Another look - difficulty vs timeIt's clear that diff is nearly constant between 09/18 and 09/21, while it declines after 09/21 when hard fork happened. Currently over 530 active miners. 3. Statement of future plansWe've been on the CPU mining quite a while, while we don't have clear roadmap sorted out yet. I understand people are keen to the anonymous features, market place, or advanced wallet development. I am not sure how important they are, but people should be seeing constant price pumping by updates in these aspects. While I am lack of expertise in these areas, I will be looking at them as possible future development; anyone who can help Mag please contact me. An important area for sure is that we will try to get merchants' adoption as many as possible. We believe this will be the real solid support of the coin. Stay tuned!
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Hello Magicoin community A new exchange feature is available. Magicoin XMG has been added to the voting list of BTER. Vote for XMG on https://bter.com/ Vote vote !! Good job. Very glad to see us in bter voting ( https://bter.com/voting), vote for XMG!
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Last Hour 1.51619460 Last Day 41.54877486 Last Week 237.82096506 9.5$/week. fGreat! These are some numbers I got to show people how mining works. Based on the current price, won't be any good; I won't argue much the price, but one may judge the value taking into account the fact you want to keep it in a short or long term.
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not sure of how this conclusion is made, but dont think the price should be based on the number of coins which will happen after 30 years.
And when it's about "number of coins" it seems that it will be much less coins, isn't it? Seems like that way, and the way XMG stays right now seems the best position; we have more or less experimented the new block system. p.s., I have few cpu plus vps running, with 220Kh/s hashrate; the following are credits: Last Hour 1.51619460 Last Day 41.54877486 Last Week 237.82096506
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not sure of how this conclusion is made, but dont think the price should be based on the number of coins which will happen after 30 years.
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@Juke, I saw your message, but missed you were there in IRC (a few times already ); leave us a XMG address, we may get some coins for your work on the video.
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how much is profitable this coin? how many coins with one cpu?
with the new block reward, not 5 per block
The new reward did yield 5/block (not sure how often); someone mining pls helps some numbers.
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Noted ex33s, make us more games.
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