Bojcha is proposing an idea to make the coin be minable by most of people that will eliminate the 10-MHps miners;  some other coins already used this idea. Just a thought, would say, if more people follow, that will be something seriously to be taken, what would you say?

Sometimes things go towards the direction unexpected, likely reason could be that these miners put efforts into mining and consider it as a long term investment that turns out their faith in the coin. That's good anyway.

hmm, dnt like the **coin** style, seems like I had different preference on the things, plus www.cryptomagic.com spent me 250 bucks

besides speaking what we like, how do you feel www.cryptomagic.com this domain

Sy, what is your opinion about the following idea? We talked about it long time ago, but didn't push it further (had a discussion with Bojcha too):
modify the algo, keep it half-closed source, and pool setting a limit to the hashrate.


@Bojcha, let's see if we can get enough votes on this option.

I don't have android phone so asked a friend to get a photo, looks like he doesn't know how to screen shot agree, cryptoine is a nice exchange.

Our website: www.cryptomagic.com

Bitcoin checker, check XMG price there:


Edit, RT: https://twitter.com/CoinMagi/status/514991661404155904

Very handy info here.

Loved much this video, Magi is still rising, so far so good.

guess some guys figured this out

We're still on the rising! http://goo.gl/HRceS1 ; http://cryptoine.com/trade/xmg_btc  #CoinMagi #Magi #XMG @BittrexExchange

https://twitter.com/CoinMagi/status/514915211221151744

bump this tweet 

forgot sudo:
sudo apt-get install libgmp-dev

Check the OP, the VPS section

The fluctuation of hash rate is correlated with the average time to find a block. The faster a block is found means the higher the hash rate; however finding a block is a random process with many miners keep hashing to find the target number. The net hash rate should be stable on the whole, however if you look at block by block, then there is uncertainty in the block finding time, that correspondingly leads to jumping hash rate which is calculated based on the random block time.

I refer to Sy's post.

This git source as mentioned by tersagun is an optimized one,

https://github.com/noncepool/m7magi-cpuminer

You can try out both, and let us know the difference in your machine?

In a few last posts there were a lot optimizations going on windows; I wish we can see some optimizations for linux too. I have an AMD 8350 running in Xubuntu giving about 90 kh/s with 8 cores, while another people ran 6 cores getting 96 kh/s in Ubuntu. So there is a difference in different linux flavors for sure.

[Coin swap and brief of proof of mining campaign]

[Finalize] 10/07: Coin swap final, old Magicoin : XMG = 16 : 1, total swap coins no more than 10% of total coins in circulation, escrow will be used to hold unswapped coins: https://bitcointalk.org/index.php?topic=821170.msg9190490#msg9190490; unswapped coins (except some bounties we paid, like translation, video, etc) will be destroyed. I believe this is very much a guarantee for the miners/investors; more or less we have compromised prior holders benefits.

We offer an opportunity for prior magicoin holders; we leave out some funds/bounties for active members in the MagiCommunity. Contact me for discussion on the details.

Total swapped coins will be only 0.9% of total coin supply

Prior discussion has raised a request from our prior Magicoin holders with respect to coin swap. So here we are initating the swap. In addition to XMG swapping, we request prior Magicoin holders to allocate a portion of funds to support a proof of mining campaign, currently under planning. This campaign is to protect the network, and in the meantime reward miners for their efforts. As you all can see, we have been through various issues/complaints, though we are now at "safe", we are subject to miner leaving/low-block reward complaints too. Here, we kindly ask giveaway a portion of XMG coins to support our miners (CPU). I believe all Magicoin supporters understood the importance of the cpuminers; only with the reviving of XMG community comes with the best return to our prior holders.

Coin swap will be done approximately in 5 months, with 5% swapped each week. The precondition of carrying out coin swap is not giving impacts on the XMG price. We may pause swapping any time if we see price degradation due to coin swap.

How to swap

1) Send Magicoins to: MWhrAX6sC66361s2kt57CApxpSzEsCRznM
2) Fill out this form: https://docs.google.com/forms/d/1xfBW84n4Q3gJvhmC3YzYxafxoT0iA3Vb0o2g1-5ZOfA/viewform?usp=send_form
3) We will send out 5% equivalent XMG in a week, which further splits into few parts being sent a few times in a week long.

About coin swap

# Total number of coins to be swapped: 1,237,505 XMG
# Planned coins to swap in the following week: 5% of total, i.e., 61,875 XMG
# Swap ratio: 4 Magicoin : 1 XMG

As of this time there are more than 181,533 freshly minted coin. Swap coins to be sent in a week is about 34 % of coins in circulation.

Swap ratio
(let me know questions you may have regarding the ratio)

According to the total existing Magicoins are 4.5 million, the swap ratio should be 3.6363 Magicoin : 1 XMG. As you can see, we remain a portion of XMG to support the campaign. For this reason, we decide swap ratio: 4 Magicoin : 1 XMG. This yields 112,505 XMG unswapped, available to support proof of mining campaign.

Proof of mining campaign

The campaign is still under planning. Only CPU miners can participate this campaign. Each miner is responsible for contributing a number of hash rate to the network and should remain mining in a designated period. Each participant will receive a share of available funds (about 112,505 XMG right now form Magicoin holder's conntribution, plus 2K XMG donation (by Lionheart78)). Additional XMG funds may be available from unswapped coins.

Understood this situation; that's really a challenge to get around this issue, same issue all other coins have. I've been trying thinking hard, really no direct way out (the reward system is not designed low all the time). What I don't understand is if a miner mines coin A is more profitable than mining coin B, why he stays mining coin B, even when he uses free electricity.

Edit, we are initiating a campaign to reward cpuminers, that may compensate some coins.

Windows? Be sure backup your wallet (always), only thing you can do is to restart ..

Sorry a mistake, PoW-I stops at block 50000,  PoW-II starts at block 50001.

PoS will start at block 10080. PoW-I stops at block 50000.