starmman
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Activity: 1484
Merit: 1029
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September 23, 2015, 05:07:48 PM |
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Just a question, a have all my coins on another address for staking, when do you recommend to transfer them to PoI address? Can I wait some days more or better to do it now?
Sorry for a noob question, Just wondering, i've came across PoS and PoM but not PoI. It would be great if somebody could tell me what is a PoI address and how can I create one? Assuming that this is this something different to staking in a wallet through Magi-qt of course? Thanks =) |
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111magic
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Activity: 1764
Merit: 1005
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September 23, 2015, 05:13:19 PM |
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Just a question, a have all my coins on another address for staking, when do you recommend to transfer them to PoI address? Can I wait some days more or better to do it now?
Sorry for a noob question, Just wondering, i've came across PoS and PoM but not PoI. It would be great if somebody could tell me what is a PoI address and how can I create one? Assuming that this is this something different to staking in a wallet through Magi-qt of course? Thanks =) Amigo you are welcome to ask everything here! The PoI-II is an awesome campaign. You can find the info about that one here: https://bitcointalk.org/index.php?topic=1096217.0 |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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LordCoder
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September 23, 2015, 06:02:15 PM |
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looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin
Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets. Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely. By the way thanks for helping us solve some blocks, we really appreciate! Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities. However, CPU mining is easier, because only high end processors are checked. Regards, LordCoder |
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starmman
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Activity: 1484
Merit: 1029
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September 23, 2015, 06:06:08 PM |
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Thanks a lot for the information That looks amazing, shame I was a little too late on the forum to join |
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111magic
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Activity: 1764
Merit: 1005
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September 23, 2015, 06:09:17 PM |
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Thanks a lot for the information That looks amazing, shame I was a little too late on the forum to join No worries amigo. There might be another Proof of Interest campaign coming. I will meet the anonymous donator this weekend and I think Magi achieved some awesome developments lately. So maybe hè will donate again!  If hè does than for sure there will be another Proof of Interest campaign. |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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starmman
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Activity: 1484
Merit: 1029
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September 23, 2015, 06:38:34 PM |
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No worries amigo. There might be another Proof of Interest campaign coming. I will meet the anonymous donator this weekend and I think Magi achieved some awesome developments lately. So maybe hè will donate again! If hè does than for sure there will be another Proof of Interest campaign. Sounds great, I'll certainly be keeping an eye out for another one. |
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okae
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Activity: 1405
Merit: 1008
northern exposure
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September 23, 2015, 06:53:58 PM |
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Sounds great, I'll certainly be keeping an eye out for another one.
ofc man, you should not lost it, i can confirm that proof of interest campaign that Magi is doing is AWESOME and unique. If hè does than for sure there will be another Proof of Interest campaign.
ahh i wish that you guys can run it again  |
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Erkallys
Legendary
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Activity: 1120
Merit: 1004
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September 23, 2015, 07:57:37 PM |
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looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin
Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets. Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely. By the way thanks for helping us solve some blocks, we really appreciate! Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities. However, CPU mining is easier, because only high end processors are checked. Regards, LordCoder Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ? |
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LordCoder
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September 23, 2015, 08:02:03 PM |
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looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin
Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets. Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely. By the way thanks for helping us solve some blocks, we really appreciate! Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities. However, CPU mining is easier, because only high end processors are checked. Regards, LordCoder Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ? Botnet mining is a network of "hacked" computers (like zombies) working for you. This is happening with Bitcoin and Litecoin, where many people build a big network to mine for them. Magi is a nice example of forbidding botnets, because of hashrate limitation. |
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Erkallys
Legendary
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Activity: 1120
Merit: 1004
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September 23, 2015, 08:12:52 PM |
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looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin
Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets. Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely. By the way thanks for helping us solve some blocks, we really appreciate! Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities. However, CPU mining is easier, because only high end processors are checked. Regards, LordCoder Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ? Botnet mining is a network of "hacked" computers (like zombies) working for you. This is happening with Bitcoin and Litecoin, where many people build a big network to mine for them. Magi is a nice example of forbidding botnets, because of hashrate limitation. Thank you for your explanation, now it's more clear for me ! That's sure that it can't work on Magi thanks to our amazing improvements ! |
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goldlabel
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September 23, 2015, 08:48:25 PM |
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Goldlabel can you make a picture with only the dragon with the twisten coin? Meaning copy/paste it out of this one. Hope you understand what I mean! like this?  |
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111magic
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Activity: 1764
Merit: 1005
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September 23, 2015, 09:06:22 PM |
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Yes thats what I mean. Thanks well done!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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goldlabel
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September 23, 2015, 10:19:21 PM |
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Yes thats what I mean. Thanks well done!
yw |
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louiseth1
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Activity: 924
Merit: 1000
Bitfarms.io
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September 24, 2015, 02:30:05 AM |
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By the way thanks for helping us solve some blocks, we really appreciate!
You are welcome amigo. Think there is space for more miners right? I will keep promoting your pool also. Sure, we can stack 10's of thousands more without issues!  |
Bitfarms.io - Powering Blockchains with Sustainable Energy
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111magic
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Activity: 1764
Merit: 1005
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September 24, 2015, 06:05:35 AM |
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Yes thats what I mean. Thanks well done!
yw I like those pictures with the Dragons. But also the one with the ant. Guess i like all pictures with Magi! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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111magic
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Activity: 1764
Merit: 1005
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September 24, 2015, 06:59:15 AM
Last edit: September 24, 2015, 08:48:04 AM by 111magic |
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Coin of the Magi, unique next generation currency for people everywhere! Coin Magi (XMG) is an online payment system, enabling instant payments to anyone in the world without needing an intermediary.
With Coin Magi, anyone in the world can issue digital coins through their personal computers and a software-based minting process. Coin Magi removes the competitive nature of minting and offers an even playing field for anyone looking to issue currencies without expensive equipment. Coin Magi distinguishes itself from other counter parties by its fairness, cost effective and energy efficiency in maintaining the operation of the system. PROOF OF WORK – POW
M7M (v2) hash function – only CPU mining
Iterative sequential algorithm and numerical computation operating through GMP floating points to disable parallel implementation
Block time: 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block
A new difficulty dependent block rewarding system to disable large mining farms PROOF OF STAKE II – POS-II
New staking mechanism PoS-II
Transaction dependent coin age; minimum coin age: 2 hours
Maximum coin age : see following explanation
Network weight dependent interest rate, maximum 5%;
Block time: 1.5 minutes;
Block hash: SHA256;
Maturity: 120 MAGI WALLETS WEBSITE:  MagiPay Standalone Payment Gateway for Coin Magi
_______________________________________________________________________________ _______________________________________________ MAGI MINING Magi is designed to be energy efficient on the whole, through a variety of dynamic adjustment mechanisms as well as its focus on the CPU mining. The general design concept is to reduce energy consumption during PoW. The use of hybrid PoW/PoS in the meantime secures the network.
Mine Magi with your computer. New in Crypto? Pools |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Erkallys
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Activity: 1120
Merit: 1004
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September 24, 2015, 12:30:28 PM |
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What is the Magi Cloudstaking ? How does it works ? The website is not really clear (not at all).
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111magic
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Activity: 1764
Merit: 1005
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September 24, 2015, 12:34:55 PM |
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What is the Magi Cloudstaking ? How does it works ? The website is not really clear (not at all).
I think they are still running under Beta. Try to contact them and ask if they can give more info. Find some here https://bitcointalk.org/index.php?topic=1091402.msg11632527#msg11632527 |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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bittamak
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September 24, 2015, 12:44:20 PM |
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Cloud staking sites !! Are they reliable? How do we trust and put the coins on some external sites?
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louiseth1
Legendary
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Activity: 924
Merit: 1000
Bitfarms.io
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September 24, 2015, 02:20:26 PM |
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Cloud staking sites !! Are they reliable? How do we trust and put the coins on some external sites?
It's always risky especially if they are still under BETA. I would use it but with extreme caution! |
Bitfarms.io - Powering Blockchains with Sustainable Energy
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