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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1422937 times)
Amph
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August 17, 2014, 05:09:58 PM
 #101

I have not seen a new date / time.
I will wait! I think the DEV will give us an update soon!
the dev is busy trying to make his private gpu miner working  Grin

he can just dl your miner, maybe he is too proud

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August 17, 2014, 05:21:25 PM
 #102

won't work  Grin (not unless he clones cryptonite)

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BTC: 1NENYmxwZGHsKFmyjTc5WferTn5VTFb7Ze
Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
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August 17, 2014, 05:24:19 PM
 #103

won't work  Grin (not unless he clones cryptonite)

because of the mini-blockchain?

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August 17, 2014, 05:25:23 PM
 #104

won't work  Grin (not unless he clones cryptonite)

because of the mini-blockchain?
yep (because of the mess introduced by the mini blockchain)

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August 17, 2014, 07:37:55 PM
 #105

Maybe trying compile amd miner...
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August 17, 2014, 08:42:05 PM
 #106

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

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August 17, 2014, 09:51:03 PM
 #107

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.
an ETA would still be nice no matter what...

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August 17, 2014, 10:00:08 PM
 #108

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.
an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?
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August 17, 2014, 11:20:47 PM
 #109

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.
an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?
I haven't had time to look into opencl implementation of xcn

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Pledge for neoscrypt ccminer to that address: 16UoC4DmTz2pvhFvcfTQrzkPTrXkWijzXw
joelao95
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August 18, 2014, 09:10:13 AM
 #110

The wallet is basically ready, will update (stayed up all night,  Sad)

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August 18, 2014, 09:18:44 AM
 #111

The wallet is basically ready, will update (stayed up all night,  Sad)
so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

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111magic
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August 18, 2014, 11:11:17 AM
 #112

Good work Wink

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August 18, 2014, 02:48:41 PM
 #113

The wallet is basically ready, will update (stayed up all night,  Sad)
so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Let me release the testnet wallet by end of today. It would be a good idea to decide the launch time after seeing how the wallet is doing in testnet. Initially I thought Magi was good to go, but I just got a sync issue right before the initial scheduled launch time. That was actually due to the new PoS feature. Because of this, I'd like get more tests and feedbacks from you too. After that we will decide a time for the launch (hopefully this week). Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

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August 18, 2014, 02:52:31 PM
 #114

I will also give detail answers to prior questions when I have more time to be here.

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August 18, 2014, 04:44:12 PM
 #115

Hmm, interesting .. I want to participate on testnet
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August 18, 2014, 07:16:37 PM
 #116

The wallet is basically ready, will update (stayed up all night,  Sad)
so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA
Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.
Bad news Undecided
I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.
111magic
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August 18, 2014, 07:25:55 PM
 #117

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

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August 18, 2014, 07:40:08 PM
 #118

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?


The value of different currencies is only determined by what someone is willing to pay.  It is ALL speculative in crypto......at least that is how it is now.  The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.
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August 18, 2014, 07:57:32 PM
 #119

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?


The value of different currencies is only determined by what someone is willing to pay.  It is ALL speculative in crypto......at least that is how it is now.  The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.

Thanks for the explanation!

joelao95
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August 18, 2014, 08:39:15 PM
 #120

The wallet is basically ready, will update (stayed up all night,  Sad)
so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA
Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.
Bad news Undecided
I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.

You're right, and in fact any algo cannot resist GPU and ASIC, just timing issue. So cryptonite is basically mined by cuda miner a lot and probably AMD miner will be out soon. The reason we use M7 is that we consider it's a safe algo. Here is what we're goning to do to "resist" GPU.

# diff dependent rewards, some figures will be published and I will be open to suggestions to modify these numbers further, in order to reach a level that GPU mining is not that profitable by comparing mining XMG with mining other coins

# will try to implement block rewards reduction with high diff impact which goes into PoS

# mining favors small hashrate miners is in our consideration

We have few more ideas, but cannot implement all at this time, we do try to improve these by the time, and hopefully.

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