When you make a secure paper wallet, you are supposed to do it on a machine that has NEVER been connected to the internet since the operating system was installed.  Was this done, or was the paper wallet just generated while still connected to the internet?

This is a pretty good example of why a premine is never a good idea for a coin.  Premines are never used for the intended purpose even if the dev isn't the one who dumps it.

The rewards for magi go down when hashrate goes up.  Also there is a luck factor involved in finding blocks so hours could go buy without a block being found.  This means that if hash goes up a lot and it isn't on the pool you are on, the probability of a block being found on the pool goes down.  The reward will probably be a lot lower when a block is finally found as well.  I use sweetspot miner (http://xmg.makejar.com/) and have it set so my cpu usage goes down to 10% when hashrate goes up and rewards go down so I am not wasting energy.  I have mine set to 10 XMG reward target and it still uses the higher cpu % setting until rewards drop below about 6 XMG per block.

I saw that I got my PoM reward sent to my address I use to get paid out from the mining pools.  Nice to get such a big reward from mining. 

I would gladly put up with ads in the app.  I think that it would actually be a great thing for confidence because then I would know that new money is coming in from somewhere.  If everyone who used the app clicked on 1 link per day, the add revenues would be greater than $0.03 per day.

I have been using the MangoCoinz app while I have been delivering pizzas and mining has been going well.  I was hoping to get an extra tip from all of the bringing pizza to people's doors and running back to the car.  I tried to use the sell button and saw that it has been disabled.  Any news on when this will be working again?  It will be very hard to get new people interested in this app that are not already into cryptocurrency if they can't get paid in paypal.

I was hoping for good things for this coin when the new app came out.  It looks really good and is a lot more stable then the old app.  I mined with the old app until I had 120 MCZ and they were stolen by someone who sent them all to usecryptos that didn't have access to my phone.  I emailed support about it and Srele told me he would send me back the 120 MCZ.  I never received them, and if he did in fact send them they were probably stolen by whoever emptied my account before they ever reached my phone.  A few weeks ago I tried to transfer the 2 MCZ I still had on the old app to the new one, and that did not work.

I really like the idea for MangoCoinz, but won't be recommending it to people who aren't already in crypto until some of these issues get worked out.  It is hard to get people exited about putting something on their phone to make $0.03 per day, especially when they have to go through the extra trouble of using an exchange. 

Any thoughts about putting google ads into the phone to help the price?  It would be easier to pay out people with paypal if google was putting money into your account.

Wow a long post!  A lot to digest.  I think that if the difficulty adjusted a lot quicker, most of the problems would be solved.


This is actually a really good idea.  I suggested in IRC that the magi community needs the ability to fight fire with fire.  The coins mined by such a super miner could be used for coin giveaways to help distribution be as widespread as possible.  Less of a lag time with the adjustment of difficulty and the resulting block rewards, with a higher baseline hash rate from a magi team super miner would be a good solution.

I don't think that hash limit or mining to a single address is a viable option.  Mining software can be written in such a way that submitted shares can be sent to multiple places.  This means that one person could have a worker at all of the pools but only be using one device to do it.  I think that making adjustments to PoW is a good option.  Lowering the rewards will mean less coins are produced each day, which might cause magi coin to be stable at a higher price.  Trying to make the coin viable for mining on old equipment is a tough goal to be achieved,  because something that is profitable with outdated hardware will always be more profitable with newer faster better hardware.  Moore's law is coming into play here and new hardware is orders of magnitude faster, and will continue to be so for the foreseeable future.

I would be happy with changing (increasing) the PoS rewards as well, but I think XMG is unique because it has both PoW and PoS.  Going to PoS only may cause the transaction times to increase, which would make magi less attractive as a currency coin.  Having a cap is a good idea to control inflation so that PoS blocks found with more coins as the input transaction stake at a lower rate.  One problem with this is that you can still split the coins into many ideally sized transaction, requiring more technical expertise and putting new users at a disadvantage because they don't know how to stake as well.  Another problem with PoS only is that the price could be less stable.  More incentive for staking is a good thing, but I think having a sliding scale between 5%-10% and having a hard cap on reward would be enough.  Making small tweaks to both the PoS and PoW could be the best option.

The problem with requiring an address with no funds or putting a max hash limit in somehow it would be that someone with a very high hashrate could split it between a thousand different addresses and make it appear that they are many small miners.  That is why I think the best option is to reduce the PoW reward, and then reimburse small miners through an automatic proof of mining that they can sign up for on the coinmagi.org website, and sign a message in their wallet to verify their address.  There needs to be a 1000-2000 XMG minimum to make it expensive for a single miner to sign up a lot of different addesses.  The thing that we still need to figure out is how the website will calculate an individuals hashrate.  I was thinking that this might be able to be accomplished by having miners set their pool payout to some specific value that would then be seen in the blockchain.  Anyone have any ideas for this?

I think the odroid is even better than the banana pi, I am looking at getting one.  People who have them tell me they like them a lot better than the pi.  http://www.hardkernel.com/main/main.php

I think the easiest solution to the high hash rate problem is to lower the PoW reward.  I think the biggest problem right now is that hashrate goes down for a couple days before the big miner comes back on, and then they find a bunch of blocks in a row and get a lot of coins.  If the reward never went up so high, there would be less incentive to hitting it with super high hashrate.  Maybe the PoW reward should vary between 0.5 XMG and 5 XMG.  I have seen it go above 20 XMG and that is just too high.  Lowering the PoW rewards will stabilize the price and give those staking more incentive to hold.  Small miners with old cpus can be rewarded through a new PoM campaign that requires miners to hold a minimum of 1000 XMG in their own wallet to qualify.

https://bitcointalk.org/index.php?topic=735170.msg11977962#msg11977962  Try to compile using these instructions.  I have gotten it to work before with these.  I tried compiling on a vps last night and it failed so post any error you get and someone can probably tell you what dependency is missing.

There are a few bugs still, all related to the address tab.  The QR reader crashes if you try to import an address that has a balance.  I tried it with a new address and it imported that one just fine.  I just noticed a new bug, which is that if you try to import an address manually but don't finish typing it in, the add address text still shows if you switch to the XMG price or Network hashrate.  This text box goes away if you minimize the app and go back to it but it is kind of distracting.  This happened when I was trying to type in my address manually.  I moved the phone from being vertical to horizontal,  which makes it easier to type with two hands on the keyboard.  I tried rotating the phone to horizontal on the initial screen and it crashed the app, so it is defiantly having problems all around switching from vertical to horizontal screen shape.  I think fixing the text box bug in the horizontal screen position needs to be done before the app is officially released.

Just loaded up the newly updated magi app in the google store and started playing around with it.  I tried to watch my main address and pointed the camera at the QR code, it found it and then the app stopped working and crashed.  On the price page, it might be nice to have the price and volume on the major exchanges.  The graph could be much smaller to put that information in.  The hashrate graph looks good, but would it be possible to change the time axis like it is with the price graph?  It would be nice to be able to zoom in and see what is going on over the last few hours.  Keep up the good work, the app is getting better all the time!

Was LDOGE submitted to bleutrade?  Any response?

What kind of FPGA did you get to work?  I am leaning towards thinking that FPGA could be good for the magi community, as long as the code were open sourced and the miners were intending to hold the coins to stake.  The reason I think this way is because I think the best goal of the magi community is to have a secure network with low power consumption.  Small, low cost FPGAs could use as little as 5 watts, and if this could produce hashrate at 100 times the energy efficiency of CPU, I think that would be a good thing. 


The best way of rewarding small miners with older equipment (also a good goal of the magi community or hard to implement) would be to have a block explorer where people can register their address.  That way it would be easier for the small miner to show that they are mining and holding, and therefore eligible for a bonus.

This game is the one!  I love real time strategy games the most.  I have been playing a lot of the newest yordle GNAR!  Yordles are my favorite because they are small cute rodents 

Looks like you are verifying manually.  You should have gotten an email before that:

To activate your account please click on the following link:

Click here!

This is true because the coins for the bounties are not staking.  8000 * 285,937,255 = 2,287,498,040,000 (34% less than if the bounties were staking.)

Coins sitting on c-cex and yobit don't stake either?  I don't know their policy.

Compounding formula: A = P * (1 + (r/n))^(n*t)  ; P=Principle , R=Interest Rate = 2000% = 20 ,
n=Number of compounding periods per year , t=Years

1 year : 12,000 * (1 + (20/365)) ^ (365 * 1) = 12000 * (1.0548)^365 = 12,000 * 285,937,255 = 3,431,247,062,843

2 year : 12,000 * (1 + (20/365)) ^ (365 * 2) = 12000 * (1.0548)^730 = 12,000 * 81,760,113,932,443,656 = 981,121,367,189,323,875,096


Glad that my math minor payed off for something.  

Voted!  It is going to be hard to pass monero but we can still do top 3