[ANN] [MAGA] Magacoin - Build the Wall! -- NO PREMINE | NO ICO/CROWDFUND

[tiras]

I lowered the payout threshold down to 1 MAGA for now. Once I update the site to show current unconfirmed vs confirmed balance and make it easier to track how close you are to reaching the threshhold then I will update it back to the original 50 MAGA payout threshold

Everyone who had shares pending and only mined for 1-2 hours should see your payments come in, I saw a bunch of addresses with a balance between 10-30 MAGA so all of those should pay out now.

been running the miner for 4 hours and still at 0 in my wallet.  Am I doing something wrong ?


>>>>>>>>>>>>>>>>>>
d:\MAGACOIN\magaminer-win64>minerd.exe -o http://127.0.0.1:5332 -u **** -p ****** --coinbase-addr=AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq

From the command line you posted, you are currently solo-mining which means you won't get any coins until you find a block. You are getting around 28KH/s while the network hash rate is nearing 1GH/s so it will take quite a while before you find a block from solo mining. If you want to use the pool to mine then you should change the command line to have "-o stratum+tcp://pool.onepool.online:5000 -u <wallet public address> -p x" instead of "-o http://127.0.0.1:5332 -u **** -p ****"

thank you. appreciate a quick response.

I switched to the pool.   doubt I'll mine anything with my speed since it's already too exhausted. 

should I see my addr AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq here :  https://onepool.online/workers ??

is   minerd.exe using CPU only ?   

how can I use GPU too ?

sorry for so many questions.  I'm noob here

[enzeperix]

Sorry but we need to stop the flooding of this forum with shits like this coin . Why the people keep giving attention ( oh the irony ) to such things? First posts on the first page on an ANN are like "Bounty campaign ?"  "Bonus rewards ?" "It will be huge!!"  . Really ? People aren't even interested in a relevant purpose of the coin . If it just exists because a bored kid decided to launch it doesn't mean it deserves your time.

[aheadofthewave]

Sorry but we need to stop the flooding of this forum with shits like this coin . Why the people keep giving attention ( oh the irony ) to such things? First posts on the first page on an ANN are like "Bounty campaign ?"  "Bonus rewards ?" "It will be huge!!"  . Really ? People aren't even interested in a relevant purpose of the coin . If it just exists because a bored kid decided to launch it doesn't mean it deserves your time.

stay mad 

[greytut]

Anyone having issues connection to the pool? I tried connecting to linda as well but i cannot connect to either maga or linda. I get this message,

"Stratum connection failed: Failed to connect to pool.onepool.online port 4000: Network unreachable".

[tiras]

Anyone having issues connection to the pool? I tried connecting to linda as well but i cannot connect to either maga or linda. I get this message,

"Stratum connection failed: Failed to connect to pool.onepool.online port 4000: Network unreachable".

the pool seems to be fine

[greytut]

Anyone having issues connection to the pool? I tried connecting to linda as well but i cannot connect to either maga or linda. I get this message,

"Stratum connection failed: Failed to connect to pool.onepool.online port 4000: Network unreachable".

the pool seems to be fine

Any idea why I cant connect then?

[mktorn]

I lowered the payout threshold down to 1 MAGA for now. Once I update the site to show current unconfirmed vs confirmed balance and make it easier to track how close you are to reaching the threshhold then I will update it back to the original 50 MAGA payout threshold

Everyone who had shares pending and only mined for 1-2 hours should see your payments come in, I saw a bunch of addresses with a balance between 10-30 MAGA so all of those should pay out now.

been running the miner for 4 hours and still at 0 in my wallet.  Am I doing something wrong ?


>>>>>>>>>>>>>>>>>>
d:\MAGACOIN\magaminer-win64>minerd.exe -o http://127.0.0.1:5332 -u **** -p ****** --coinbase-addr=AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq

From the command line you posted, you are currently solo-mining which means you won't get any coins until you find a block. You are getting around 28KH/s while the network hash rate is nearing 1GH/s so it will take quite a while before you find a block from solo mining. If you want to use the pool to mine then you should change the command line to have "-o stratum+tcp://pool.onepool.online:5000 -u <wallet public address> -p x" instead of "-o http://127.0.0.1:5332 -u **** -p ****"

thank you. appreciate a quick response.

I switched to the pool.   doubt I'll mine anything with my speed since it's already too exhausted. 

should I see my addr AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq here :  https://onepool.online/workers ??

is   minerd.exe using CPU only ?   

how can I use GPU too ?

sorry for so many questions.  I'm noob here

Yup, your address should appear after a few shares are accepted, I see you in the list now. You will need another program to do GPU mining, since this coin uses scrypt just like Litecoin you can pretty much use any software listed in https://litecoin.info/Mining_software just find one that works for the brand of GPU you have (AMD vs Nvidia)

[magatoshi]

Hi all, the website is now up!

https://magacoin.org/

I will continue to improve it and add more content. If you have any feedback or suggestions, please send them my way.


MAGA

[magangster]

Hi all, the website is now up!

https://magacoin.org/

I will continue to improve it and add more content. If you have any feedback or suggestions, please send them my way.


MAGA

Looks good magatoshi!
Now that my weak cpu is no longer viable for mining, what can I do to support the community and the coin?

[tiras]

I lowered the payout threshold down to 1 MAGA for now. Once I update the site to show current unconfirmed vs confirmed balance and make it easier to track how close you are to reaching the threshhold then I will update it back to the original 50 MAGA payout threshold

Everyone who had shares pending and only mined for 1-2 hours should see your payments come in, I saw a bunch of addresses with a balance between 10-30 MAGA so all of those should pay out now.

been running the miner for 4 hours and still at 0 in my wallet.  Am I doing something wrong ?


>>>>>>>>>>>>>>>>>>
d:\MAGACOIN\magaminer-win64>minerd.exe -o http://127.0.0.1:5332 -u **** -p ****** --coinbase-addr=AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq

From the command line you posted, you are currently solo-mining which means you won't get any coins until you find a block. You are getting around 28KH/s while the network hash rate is nearing 1GH/s so it will take quite a while before you find a block from solo mining. If you want to use the pool to mine then you should change the command line to have "-o stratum+tcp://pool.onepool.online:5000 -u <wallet public address> -p x" instead of "-o http://127.0.0.1:5332 -u **** -p ****"

thank you. appreciate a quick response.

I switched to the pool.   doubt I'll mine anything with my speed since it's already too exhausted. 

should I see my addr AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq here :  https://onepool.online/workers ??

is   minerd.exe using CPU only ?   

how can I use GPU too ?

sorry for so many questions.  I'm noob here

Yup, your address should appear after a few shares are accepted, I see you in the list now. You will need another program to do GPU mining, since this coin uses scrypt just like Litecoin you can pretty much use any software listed in https://litecoin.info/Mining_software just find one that works for the brand of GPU you have (AMD vs Nvidia)

thank you kind man . I've got 2 magas.   
 added ccminer to use GPU .   
GPU + CPU miners both pointed to the pool show ~ 65 KH  but in the pool stats it 's only  26.21 KH  .   
why is that so ?

[schyter]

Its like all the LINDA miners on onepool just switched to  mining MAGA. Now the difficulty is so high, i get nothing.

[StealthDad]

Nice website! I like, I like.

-----------

Woo boy.

Day 1 mining this I was getting 250 every 2 hours.

Now I'm on the pool because of the ramp up in diff, and I get 3 every 6 hours!

Nice! I'm happy the coin is being picked up, even though I get less.

This is healthy guys.

-------

Join the pool if you want some of these!
Solo mine is impossible unless you have hundreds of computers.

[Tetrahybrid]

Problem

me windows 10 (64)

• downloaded that 0.13.3 wallet
  had me some magas from spender on 4chan
  downloaded that 2.0 miner
  .../roaming/ no conf or bat files, so build them like trump build the wall
  filled conf file as told
  filled bat as told but with that pool boy "minerd.exe -o stratum+tcp://pool.onepool.online:5000 -u AMFmaQYGr4Wgdivvq9E5Uj3991eCxXnmcr -p x"
  deported that bat into cmd
  cpu starts to hash

http://imgur.com/a/Dosax
check pls, dont know if this frequent restart requests are normal

forgot to mention. i am still not mentioned in the pool on the website. i hope this no scam

[mktorn]

I lowered the payout threshold down to 1 MAGA for now. Once I update the site to show current unconfirmed vs confirmed balance and make it easier to track how close you are to reaching the threshhold then I will update it back to the original 50 MAGA payout threshold

Everyone who had shares pending and only mined for 1-2 hours should see your payments come in, I saw a bunch of addresses with a balance between 10-30 MAGA so all of those should pay out now.

been running the miner for 4 hours and still at 0 in my wallet.  Am I doing something wrong ?


>>>>>>>>>>>>>>>>>>
d:\MAGACOIN\magaminer-win64>minerd.exe -o http://127.0.0.1:5332 -u **** -p ****** --coinbase-addr=AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq

From the command line you posted, you are currently solo-mining which means you won't get any coins until you find a block. You are getting around 28KH/s while the network hash rate is nearing 1GH/s so it will take quite a while before you find a block from solo mining. If you want to use the pool to mine then you should change the command line to have "-o stratum+tcp://pool.onepool.online:5000 -u <wallet public address> -p x" instead of "-o http://127.0.0.1:5332 -u **** -p ****"

thank you. appreciate a quick response.

I switched to the pool.   doubt I'll mine anything with my speed since it's already too exhausted. 

should I see my addr AHZ7aYd41LmURF4abbAPvpeVv1UXRcouQq here :  https://onepool.online/workers ??

is   minerd.exe using CPU only ?   

how can I use GPU too ?

sorry for so many questions.  I'm noob here

Yup, your address should appear after a few shares are accepted, I see you in the list now. You will need another program to do GPU mining, since this coin uses scrypt just like Litecoin you can pretty much use any software listed in https://litecoin.info/Mining_software just find one that works for the brand of GPU you have (AMD vs Nvidia)

thank you kind man . I've got 2 magas.   
 added ccminer to use GPU .   
GPU + CPU miners both pointed to the pool show ~ 65 KH  but in the pool stats it 's only  26.21 KH  .   
why is that so ?

It can take a little bit for the hashrate to update on the site, it calculates it based on shares submitted  and difficulty so it should report the correct speed after a little while.

Problem

me windows 10 (64)

• downloaded that 0.13.3 wallet
  had me some magas from spender on 4chan
  downloaded that 2.0 miner
  .../roaming/ no conf or bat files, so build them like trump build the wall
  filled conf file as told
  filled bat as told but with that pool boy "minerd.exe -o stratum+tcp://pool.onepool.online:5000 -u AMFmaQYGr4Wgdivvq9E5Uj3991eCxXnmcr -p x"
  deported that bat into cmd
  cpu starts to hash

http://imgur.com/a/Dosax
check pls, dont know if this frequent restart requests are normal

forgot to mention. i am still not mentioned in the pool on the website. i hope this no scam

CPU mining is going to be rather slow earning, your address should appear on the pool once you have a few shares submitted and accepted by the pool. The reason you are seeing so many work restarts is because a new block is being found on the network which means the old work your computer was doing is no longer valid. It sends the new set of work for the new block causing the mining program to restart using the new set of work. So no need to worry about it, you will see it often while CPU mining since the hashrate for CPUs is so low compared to GPU/ASIC miners.

[jetfish]

You are building the wall from mining proceeds?

[yesiam6]

is there a way to gpu mine this yet?

[robin_slood]

is there a way to gpu mine this yet?

yes. use the pool.

[magatoshi]

Nice website! I like, I like.

-----------

Woo boy.

Day 1 mining this I was getting 250 every 2 hours.

Now I'm on the pool because of the ramp up in diff, and I get 3 every 6 hours!

Nice! I'm happy the coin is being picked up, even though I get less.

This is healthy guys.

-------

Join the pool if you want some of these!
Solo mine is impossible unless you have hundreds of computers.

Thanks for the support!

The ramp up in difficulty was going to happen at some point. While I initially developed the concept of brickwall technology as a humorous aspect of Magacoin, I quickly realized that the resultant incompatibility with existing miners and pools would allow for a better distribution of coinbase rewards immediately after the launch. The idea was that early adopters like you could mine with ordinary CPUs after the launch, and, by the time somebody wrote brickwall-compatible pools or GPU/ASIC solo miners, there would be enough awareness of the project to prevent a single person or two with an ASIC from dominating the mining of MAGA (especially during the early, low-difficulty days). Judging from some of the earlier posts in this thread, it was certainly effective.

The reason I decided on scrypt is its status as a well-tested algorithm in the cryptocurrency field. Perhaps a different algorithm could have afforded more time, but GPU farms and ultimately ASICs would have entered the game eventually. I didn't want to jeopardize this coin with a newer algorithm that hasn't been tested thoroughly, and ASIC resistance was never a long-term goal. A good quote from Andrew Poelstra's ASICs and Decentralization FAQ: "ASIC resistance typically involves increasing algorithmic complexity to discourage ASIC developers. However, ASIC's are still inevitable; all ASIC resistance does is increase the startup capital required and therefore increase centralization of manufacturing."

https://download.wpsoftware.net/bitcoin/asic-faq.pdf


MAGA

[StealthDad]

Nice website! I like, I like.

-----------

Woo boy.

Day 1 mining this I was getting 250 every 2 hours.

Now I'm on the pool because of the ramp up in diff, and I get 3 every 6 hours!

Nice! I'm happy the coin is being picked up, even though I get less.

This is healthy guys.

-------

Join the pool if you want some of these!
Solo mine is impossible unless you have hundreds of computers.

Thanks for the support!

The ramp up in difficulty was going to happen at some point. While I initially developed the concept of brickwall technology as a humorous aspect of Magacoin, I quickly realized that the resultant incompatibility with existing miners and pools would allow for a better distribution of coinbase rewards immediately after the launch. The idea was that early adopters like you could mine with ordinary CPUs after the launch, and, by the time somebody wrote brickwall-compatible pools or GPU/ASIC solo miners, there would be enough awareness of the project to prevent a single person or two with an ASIC from dominating the mining of MAGA (especially during the early, low-difficulty days). Judging from some of the earlier posts in this thread, it was certainly effective.

The reason I decided on scrypt is its status as a well-tested algorithm in the cryptocurrency field. Perhaps a different algorithm could have afforded more time, but GPU farms and ultimately ASICs would have entered the game eventually. I didn't want to jeopardize this coin with a newer algorithm that hasn't been tested thoroughly, and ASIC resistance was never a long-term goal. A good quote from Andrew Poelstra's ASICs and Decentralization FAQ: "ASIC resistance typically involves increasing algorithmic complexity to discourage ASIC developers. However, ASIC's are still inevitable; all ASIC resistance does is increase the startup capital required and therefore increase centralization of manufacturing."

https://download.wpsoftware.net/bitcoin/asic-faq.pdf


MAGA

So far, I like all the decisions you have made.

Keep at it!

Any plans on a discord or slack?

[rregeA]

Hi,

Will there be any bounty campaigns, like twitter one's for example?
Looking forward to see twitter campaigns