There is no bug shown in Windows 2008 VPS, just stop the cpu limitation after some hours then the cpu limitation is not working after re-started again. Afterall, I'm not dare to try again because I might be kicked off if overloaded the cpu.
As I see the CPU usage in NeedIfFindIt's version is calculated based on block reward. I guess we might need to add maximum CPU limit (any situation). True. In 0.96/0.97 if the hashrate /blockvalue is at the targeted 22MH/s /12XMG/Block it will run at 100%. (and it happens pretty often in the morning EU time)Today I got some time to finish the 0.98 Changelog:- added ability to set your own target for Network hash rate.
- added ability to set your own target for Block Value.
- added ability to set Min & Max CPU usage.
- just 2 miners included (special thanks to Spexx & Wolf0).
- now it shows the % in reverse way (90% becomes 10% etc.).
 Website:http://xmg.makejar.com/P.M. Me if you get any issues  Still an awesome job NeedIfFindIt! The sweetspot miner is the BEST. I have an 8 core AMD and I keep my miner set on a block target of 10 XMG with a minimum cpu usage of 10% and a maximum of 30%. It seems to make my cpu run more stable if I keep the settings low, but even on 30% I still have a higher hashrate than my old i5 processor. What I think would be a really cool improvement to the sweetspot miner would be to make it work with the magi multipool https://multi.magipool.info/. What it could do would be to switch to mining a different algorithm when the block reward falls, and make the miner more XMG then they could make continuing to mine with low block rewards. I think this would be a very good thing for the small miner, and would also produce some buy support for XMG from mining other coins when they are more profitable. |
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This a nice one to stack I have been accumulating some and will start stacking soon! How many time will I receive dividends per month when stacking? If you have more than 500 XMG in one transaction it will take less than a day to find a POS block. I would say 30 times in a month. The only thing to consider is that when you do stake, the coins in that transaction get split into 2 transactions that include the staking reward. If you let your transactions get too small (under 100 XMG in my opinion) it will take longer to find a POS block. |
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Could you add litedoge (ldoge) to the faucet? That would be awesome!
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The front page for cryptospout says the magi faucet has paid out a total of 18872.55915899 XMG in 78985 claims. I have now claimed 400 times for a total of 67.416766 XMG. This does include earnings from the delunge as well as the faucet. The delunge pays only one address every hour but pays a much higher rate to that one person. The delunge is more like a sweepstakes and I have won this many times.
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Cryptospout faucet just payed out!!! The page has been updated to show payout totals as well. Very cool. My total earning from this faucet are now 67.39 XMG  |
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because the reward reduction happens to delayed people with access to botnets or GPU miners can ride the waves and
the goal of reward reduction turn 180° and work against the small miner and not for them
because the spike/wave style miner dont mine when rewards are low
and "everyday joe" who mine with a few CPU 24/7 mine even at low rewards keep network ruining
what we have now is we punish AFTER the "crime" happened and not the guy who did do the crime but everyone
we need a way that make spike mining unattractive
one would be just shift low of coin rollout to POS and keep POW "just" as added hybrid security
constant mininers should be earn most of their rewards by PoM campains and not froim the real blockreward
the basic POW blockreward should be so low that it attract no abuser
the PoM campains should be funded by fat staking for mining POS wallet
just my ideas how u could solve the problem
but i guess we are in the brainstorming phase so it fits to share my ideas now
I think your ideas are good. Reducing the PoW spike mining cycle by lowering rewards or just flattening them out so they don't increase as quickly should prevent so much hashrate being used to mine and dump. I also like the idea of shifting to a higher percentage of blocks being PoS, and the 24/7 minter should be rewarded more. I think to accomplish this there has to be some increased incentive for smaller blocks, and 200 XMG might be a good size. The reason this is needed is so that the 24/7 minter is constantly staking and searching for PoS blocks. If the ideal block size for staking is too large, the 24/7 minter will not be staking while the coins in the large block mature for 120 confirmations. |
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Is the [Coin-age] = [blocksize] * [age] ? Well i don't know too much about coding, but could you add a line like: IF [PoS-block-reward] < 0.1 AND [Coin-age] < 200 THEN [PoS-block-reward]=[PoS-block-reward]*4
This might not be exactly right, but if a 100 XMG block stakes in under two days it would get a higher reward.
Increasing the block reward for small blocks will definitely encourage big holders to divide their coins into small pieces. I think that this will be a good thing for the long term. Suppose someone has 10,000 XMG and divide it into 100 XMG blocks to maximize stake earnings. They find a PoS block and get a 0.1 XMG reward, instead of the 0.025 XMG reward that they would currently get. The amount of their total coins that staked is 1%. After the PoS block matures, to go on and sell their total balance of 10,000.1 they would have to spend the weight of the 99% of their coins that have not yet staked. The extra 0.075 XMG reward from the single block is actually less of a total reward then what would be earned if all 10,000 XMG staked all at once at the lower rate. I think that smaller blocks getting a higher reward will therefore discourage dumping, because it creates an opportunity cost of lost PoS reward for selling coins with a higher coin-age.
fragilefungi, I guess there are some points deserving in-depth consideration, sorry for delayed response. The idea of rewarding small stakers is very much appealing and coincident with magi's goal, while the barrier to overcome is how we avoid big stakers. I believed this is already done in PoS-II, as people stake with 10,000 XMG won't get benefits compared to staking with 1000 XMG. This is mostly considered from security point of view. Speaking of the present focus, the stake shares, "Increasing the block reward for small blocks will definitely encourage big holders to divide their coins into small pieces", that actually means we aren't benefiting small stakers. One can launch 100 wallets with 100 XMG in each, and he can only make transactions within a few wallets without affecting the rest of others, so the affected wallets regarding PoS staking are actually not throughout, but just a few. So the big staker is still benefitting, point me out if I missed the point in your post. "IF [PoS-block-reward] < 0.1 AND [Coin-age] < 200 THEN [PoS-block-reward]=[PoS-block-reward]*4" is doable and would be interesting; however, we may need some careful thinkings to plugin some tricks -- extra efforts, that small stakering are willing to take. I can't talk this approach clearly as I don't have clear idea yet, but I guess it won't be straightforward to embed the above your mentioned equation into the code, or the big stakes will be getting the same benefits. But that seems something interesting I have to take a deep thinking along that. [Coin-age] = [number of coins] x [effective stake days], [effective stake days] is a function of actual stake days and number of coins in PoS-II. [Coin-age] is maximized at certain conditions with a middle size of coins in stake, and stake for a few days less than a week. So the current scheme is actually encouraging small stakers. In other words, people won't be able to get significant high stakes in any cases unlike the conventional PoS, that's the fair point. And of course, your equation is doable, but I have to give it a more serious thinking. My primary concern is that we have to be careful about increasing interest that leads to benefits throughout (it would be very much appealing if benefiting small stakers ONLY). Also I deeply believe that when we increase interest, people would be willing to accumulation more than selling. However, I guess there are some basic lines to hold, and making people commit into accumulating rather than selling because of a desire to stake for more coins is a less solid reason. I would defiantly like you to think about it more, because I just pulled that equation off the top of my head. I met someone a few days ago on bleutrade that is a miner and trader of magi. He has 750kh/sec on supernova and mines around 150 XMG per day. He has 7000 XMG in an offline wallet that he doesn't even bother staking because the incentive isn't worth it, and he keeps most of his coins on exchanges. His profits on magi: PoS < PoW < Catching dumps and placing higher sell orders. He claimed to make more than 150 XMG per day just on market volatility. I think any increase in PoS block reward would need to be accompanied by a reduction in PoW block rewards that led to the total coins created each day being less then is currently created on average. Last night was a good example of why this is needed. You can look at the network hashrate and block reward here https://bauerj.eu/xmg/ . The block reward shot up to 37 XMG per block and then the hashrate went up to a new all time high of 141 MH/sec. The reward eventually fell back down to 1 XMG. The pure miners mined and dumped as they do, and the price went down 10% before recovering. The current PoW reward system is now encouraging this in my opinion, and there is money to be made through arbitrage trades if you know which direction the rewards are going. Smoothing out the block rewards to discourage mining and dumping might be all that is needed. PoS blocks just seem to me to be a more energy efficient way of confirming transactions compared to PoW. Adding a setsplitthreshold option in the wallet so blocks don't automatically split would help. I just think the biggest problem with PoS-II currently is the medium size xmg wallet will stake a 5000 XMG block, get a 0.2 XMG reward, and then that person doesn't even start staking again for 120 confirmations. Very little incentive to leave the wallet open while the coins are maturing with no chance to stake. All this while the pure miners find 37 XMG blocks, send them to their exchange wallet, and autosell. The stakers are doing valuable work to secure the network, but all the incentive goes to the pure miners. |
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Is the [Coin-age] = [blocksize] * [age] ? Well i don't know too much about coding, but could you add a line like: IF [PoS-block-reward] < 0.1 AND [Coin-age] < 200 THEN [PoS-block-reward]=[PoS-block-reward]*4
This might not be exactly right, but if a 100 XMG block stakes in under two days it would get a higher reward.
Increasing the block reward for small blocks will definitely encourage big holders to divide their coins into small pieces. I think that this will be a good thing for the long term. Suppose someone has 10,000 XMG and divide it into 100 XMG blocks to maximize stake earnings. They find a PoS block and get a 0.1 XMG reward, instead of the 0.025 XMG reward that they would currently get. The amount of their total coins that staked is 1%. After the PoS block matures, to go on and sell their total balance of 10,000.1 they would have to spend the weight of the 99% of their coins that have not yet staked. The extra 0.075 XMG reward from the single block is actually less of a total reward then what would be earned if all 10,000 XMG staked all at once at the lower rate. I think that smaller blocks getting a higher reward will therefore discourage dumping, because it creates an opportunity cost of lost PoS reward for selling coins with a higher coin-age.
The main issue I see with this sort of change is that while it would create an incentive to split up large stacks of coins, it would also negatively impact the earnings of someone who was not technically-minded enough to try to get the most return out of the system. In my opinion, a successful currency is a currency that works the same, no matter how much of it you have. A dollar is a dollar and a cent is a cent and, as such, the interest gained on a dollar and the interest gained on a cent are the same. If someone were to tell me that I could get a significantly higher interest rate by having less USD in my bank account, I would likely switch banks. The effort of maintaining many small accounts for increased returns might be worth my time, but it would significantly impact the ease-of-use of such a bank. Getting back to Magi, if a person new to the coin decided to invest heavily without reading up on the "interest tiers", they would probably not be too happy to discover their mistake later on. If investing heavily and keeping coins in a neat stack or two can negatively impact the layman, I don't think a change like this is a good idea. I understand your concerns, but does the layman user even know how to get to coin control in the wallet? As it currently stands, someone who invested heavily without knowing how to recombine their blocks is getting shortchanged because their blocks are being split after a few days of staking to a size that is below what will likely stake. There is already a size tier system, with blocks too small or too large not staking as efficiently. I agree with you that educating users needs to be a primary concern. There would have to be a wallet update. If in the new version there was a message explaining the interest tiers in the coin control window, do you think that users would be sufficiently educated? |
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if i sell all my magi coin the price will be 0.00000014.... buy support is the only problem
DO IT!!!! I will start panic selling other coins to buy XMG....you won't get it under 1000 sats  |
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I got a tip too! Thank you very much. Another faucet is great news!
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I think that is probably the best option. I don't think huge changes are needed for PoS-III, but only improve the rate for small stakers. Earning 0.01 XMG by staking 1000 XMG is a small reward, and is less than a PoW block would be to confirm the same number of transactions. PoS rewards being too high defiantly cause inflation and the price to drop, but so can the PoW reward being too high. What is also important is market perception. The stake rate should be high enough that people think that the rewards are worth it so they have the desire to buy more, but not so high that price stability is a concern.
I don't think that increasing the reward on small blocks will increase inflation, mainly because it will encourage people to split their blocks smaller and stake with a lot of small blocks. This will create a liquidity trap because all the blocks will not stake and mature at the same time. If someone with lots of small blocks wants to sell any significant amount, they will have to destroy weight and spend blocks that have not yet staked, which will keep actual rewards earned much less then if they would have not sold. I think raising the stake rate for small blocks will encourage more small miners to keep what they mine, and could actually increase buy support because more people will want to buy and keep small amounts in their personal wallets.
You're right inflation won't be a big concern compared to other things affecting the price. People are actually getting the same type of blocks with the reward calculated in terms of: [PoS-block-reward] = [Coin-age] x APR / [days in a year] What we can play around are the coin age and APR; based on that, there would be no good solutions to "improve the rate for small stakers". One way to have "big" or "small" block is to apply high APR for small stake holders and low APR for big holders; however, big holders can divide their holding into small pieces, say launching 10 wallets instead of all in one wallets, and appear to be small stakers. So it won't be a practical solution. The PoS-II deals with the coin age; one has to maintain a proper number of coins to maximize [Coin-age], so does the [PoS-block-reward]; this is an extra effort, and I believe we can do some thing more along this point. Is the [Coin-age] = [blocksize] * [age] ? Well i don't know too much about coding, but could you add a line like: IF [PoS-block-reward] < 0.1 AND [Coin-age] < 200 THEN [PoS-block-reward]=[PoS-block-reward]*4 This might not be exactly right, but if a 100 XMG block stakes in under two days it would get a higher reward. Increasing the block reward for small blocks will definitely encourage big holders to divide their coins into small pieces. I think that this will be a good thing for the long term. Suppose someone has 10,000 XMG and divide it into 100 XMG blocks to maximize stake earnings. They find a PoS block and get a 0.1 XMG reward, instead of the 0.025 XMG reward that they would currently get. The amount of their total coins that staked is 1%. After the PoS block matures, to go on and sell their total balance of 10,000.1 they would have to spend the weight of the 99% of their coins that have not yet staked. The extra 0.075 XMG reward from the single block is actually less of a total reward then what would be earned if all 10,000 XMG staked all at once at the lower rate. I think that smaller blocks getting a higher reward will therefore discourage dumping, because it creates an opportunity cost of lost PoS reward for selling coins with a higher coin-age. |
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price is going down every days.... make me want to sell all my magi coin
Price has been lower some time ago. I have 100% trust in Magi and his Dev, Community and team. i think faucet make the price down... to many people sell magi coin in small item look in sell history on bitrex There are only two faucets that have reasonable payouts, cryptospout.com and magi.steep.rocks. I am 99.9% sure that the faucets are actually making the price higher then it otherwise would be. I am actually the one who suggested to the community that we try to get xmg on cryptospout, which was a great thing in my opinion. The site operator buys xmg with btc earned from ad revenue to continue payouts. This buy pressure makes the price go up. I do the faucets almost everyday and I keep the xmg to stake. If more people used the faucets and then kept the magi coins, the price will go up because more outside money from advertising will be going into the coin. |
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As to prior posts for PoS, thanks.
I might talk over some weakness. First off there are not many PoS coins on the top of the list -- a simple feel; there were some top coins but seem having dropped down. PoS gets value diluted in particular with high interest; PoS make people tend to accumulating -- seems good, but not quite; PoS could be easier to manipulate, and tend to be a P & D which can quite be done if one is able to do that. These issues wouldn't matter much if the market value is so huge that no single person is able to do that, but not good for young magi at this stage. And importantly, PoS means one must buy in order to engage into it.
Speaking of the security, there exist weakness in PoS too. People who hold a great deal of coins having the ability to launch an attack, by having offline stake days and coming online at a moment; people might not intentionally fire up an attack but simply a desire to get more PoS coins and they know how-to. The consequence might be an attack like, minimum - hard fork, that would be a severe incident enough to a coin. Again this is easy to be accomplished for a young coin. Such issues were talked over in NOBL when switched to PoS (and given the try to PoS-II then, to be exact). Magi's PoS-II did some tricks along that, but I won't be able to guarantee 0% risk at this time.
In my view, PoW & PoS is most secure, but feel free to discuss, I might be wrong.
Thanks for the prior PoW comments; I'd think & figure & talk again, it may take time as I am still limited to free time.
So PoS coins do have also a risk!? I think there are some nice ideas already posted it the thread. Maybe the option of adjusting and improving M7M with mix of yescrypt and PoS-III would be a good idea. I think that is probably the best option. I don't think huge changes are needed for PoS-III, but only improve the rate for small stakers. Earning 0.01 XMG by staking 1000 XMG is a small reward, and is less than a PoW block would be to confirm the same number of transactions. PoS rewards being too high defiantly cause inflation and the price to drop, but so can the PoW reward being too high. What is also important is market perception. The stake rate should be high enough that people think that the rewards are worth it so they have the desire to buy more, but not so high that price stability is a concern. I don't think that increasing the reward on small blocks will increase inflation, mainly because it will encourage people to split their blocks smaller and stake with a lot of small blocks. This will create a liquidity trap because all the blocks will not stake and mature at the same time. If someone with lots of small blocks wants to sell any significant amount, they will have to destroy weight and spend blocks that have not yet staked, which will keep actual rewards earned much less then if they would have not sold. I think raising the stake rate for small blocks will encourage more small miners to keep what they mine, and could actually increase buy support because more people will want to buy and keep small amounts in their personal wallets. |
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I think that if the stake rate is increased in a way that is consistent with the goals of Magi it could actually help reduce the current inflation from over PoW mining. This could be done by improving PoS-II into PoS-III, which should reward smaller holders the most. The stake rate should go up the most on small blocks. I think 10% for any block under 100 XMG wouldn't be too generous, while 100-500 XMG could stake at 7.5%, 500-2500 at 5%, and any block over 2500 at 2.5%. I get a lot of stakes from small blocks, and the reward is often 0.02 XMG for anything small, and around 0.15 XMG for a 2000 XMG block. This is much less than any PoW block, and could be safely increased without causing inflation. Being able to set the split threshold would also make staking much easier.
If we want Magi to stay a CPU only coin, changes to the algorithm should be made, if only as a preventative measure. Even if the miner that turns on 48 MH/s isn't using GPUs, that doesn't mean that one couldn't be developed in the future. If it can be done, it will if the profit motivation is there. I would prefer that changes were made to the existing algorithm to make it more GPU resistant, instead of basing it off of something completely different. Maybe M7M2? This should only be done after there is an optimized CPU miner that is ready to go so people only have to download an update to the Sweetspot miner, which would be easy for the common user.
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steps to a scam:
1) Make shitty clone coin
2) Make exchange
3) Close exchange and steal coins
4) Blame threats and extortion for running off with the money
Did IGotSpots not realize that it was he who was putting his family at risk by scamming people and stealing their money? If you rob a drug dealer and they kill your family as revenge, are you not still responsible for their death even if you didn't pull the trigger?
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Now I am sure most of you knew that anything put out by IGOTSPOTS was a scam from the start. Now gorilla.exchange has shut down and run off with BTC and all of the coins. My friend had BTC and XMG on there and now it is gone. He tried to withdraw the BTC before it closed but the withdraw wouldn't go through and support tickets didn't help at all. Stay away from IGOTSPOTS coins like the plague!
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No that is normal. Not accepted usually happens when someone else on the pool finds a block right as you send your share in so your contribution is no longer needed or useful. If your acceptance rate is 99% (which is normal) that just means you are getting 99% of the earnings you would have if 100% of your shares are accepted.
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I was very happy with my payout from the first POI campaign. I am going to keep buying at this price!!!
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I am worried that lowering the block time on HYP could just make small holders get even less stakes. Increasing the max stake age is a good idea. I like 90 days because a small block like 1550 HYP is estimated to take 90 days to stake.
I really like the compounding idea. It will reward small blocks that have a lower probability to stake. It will also encourage smaller holders to stake what they stake instead of taking profits.
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Hey guys! Just thought I would post instructions for compiling the miner on linux. I can confirm that these instructions work for both ubuntu and CentOS. I don't know if any changes in instructions are needed for different versions of linux so please post if you have success. In the command console paste these lines: sudo apt-get update sudo apt-get upgrade -y sudo apt-get install -y git curl unzip gedit automake autoconf dh-autoreconf build-essential pkg-config openssh-server screen libtool libcurl4-openssl-dev libtool libncurses5-dev libudev-dev cd ~ git clone https://github.com/noncepool/m7magi-cpuminer-v2.gitcd ~/m7magi-cpuminer-v2 chmod +x autogen.sh ./autogen.sh ./configure CFLAGS="-O3 -march=native" make sudo make install Then to run, type: ./minerd --algo=m7mhash --url=stratum+tcp://mining.m-hash.com:3334 --user=<username> --pass=x |
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