[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]

[Erkallys]

I've noticed for pages now that you are frequently taking about SweetSpot, but what is it ? A software that improve mining ? Or something else ?

The Sweet Spot Miner (Official Magi site mirror, out of date) is a program (written in Delphi, I think?) that manages your hashing power (so you don't waste energy mining when the rewards are low). From the link above:

Sweet Spot Magi Miner is able:

• to hide the miner window so it will not waste your taskbar space.
• to hide itself into the system tray while running.
• to start the miner at LOW priority so the miner will not slow down your work.
• to check the current Network Hashrate and control the miner CPU usage targeting the Sweet Spot 22MH/s the Hash Rate you choose.
• to check the current Block Value and control the miner CPU usage targeting 12+XMG/Block the Block Value you choose.

And here's a screenshot of the interface, if you're curious:

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

[1715623136]

1715623136

[starmman]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

[Erkallys]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

[starmman]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March   !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

Yes it still mines but at a slower rate to reduce power consumption (and net hash rate if lots of users are mining using Sweet Spot) - it then ramps up the power when you hit the profitable rate.

[fragilefungi]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

I have my sweetspot miner set to block value target of 10 xmg with min cpu usage at 10% and max at 30%.  If the block reward is lower it still mines at 10%.  If the block reward is 10 or higher it uses 30%.  I think that there is some wiggle room here because it still uses 30% at 7 XMG reward but if it goes to 3 XMG reward like it is right now it only uses 10%.  I would use more than 30% when it is profitable but I would need to get a watercooler for my AMD FX-8350 8 core so that it doesn't overheat.  The aftermarket fan I currently have just isn't enough cooling.

If the reward goes too low for too long I just turn off the miner.  Someone just threw 40 MH/s at solo mining (I say that because the hash shows up on hash info but doesn't show on any pool on http://poolinfo.coinmagi.org/).  It is not profitable to buy electricity to make 40 MH/s, so that person likely either has free electricity or has some type of miner that is more energy efficient that they are keeping a secret.

[sid7039]

Why is this coin special? Its a normal altcoin

Good question! Many things. Read the OP and you find the information about the unique blockreward system, First POS-II, MQW and much more. Any specific questions? You are welcome to ask.

Agree, really unique coin, very fair, with great community and dev team! Read the OP.
Good job guys!!!

[111magic]

Thanks sid7039 for the nice words.

Magi team, dev and community will continue with the great work!
 

[111magic]

http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

[Abiky]

http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

That’s great! This would definitely help newbies get into Magi mining and will result in stronger adoption. I remember my first time mining a crypto coin. I didn’t even knew how to set up the miner nor the mining pool. Those were my first steps but eventually I improved my knowledge by joining this community and became a skilled miner. Good job! 

[111magic]

http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

That’s great! This would definitely help newbies get into Magi mining and will result in stronger adoption. I remember my first time mining a crypto coin. I didn’t even knew how to set up the miner nor the mining pool. Those were my first steps but eventually I improved my knowledge by joining this community and became a skilled miner. Good job!  

Thats right.
The guide is also made in Greek language and will be ready into Spanish soon!
http://greekmagi.blogspot.gr/2015/07/blog-post.html

[111magic]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

[Erkallys]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

What are you looking for ? Do you want a new version of the Magi logo or an totally new picture like goldlabel frequently do ? In the first case I can help, in the second I can't help at all. If you need a totally new picture, ask to goldlabel, he's the pro  !

[111magic]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

What are you looking for ? Do you want a new version of the Magi logo or an totally new picture like goldlabel frequently do ? In the first case I can help, in the second I can't help at all. If you need a totally new picture, ask to goldlabel, he's the pro  !

New version of the Magi logo with the specifications above should do it!

[goldlabel]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

What are you looking for ? Do you want a new version of the Magi logo or an totally new picture like goldlabel frequently do ? In the first case I can help, in the second I can't help at all. If you need a totally new picture, ask to goldlabel, he's the pro  !

New version of the Magi logo with the specifications above should do it!

like this?

[Erkallys]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

What are you looking for ? Do you want a new version of the Magi logo or an totally new picture like goldlabel frequently do ? In the first case I can help, in the second I can't help at all. If you need a totally new picture, ask to goldlabel, he's the pro   !

New version of the Magi logo with the specifications above should do it!

Ok, so maybe I can help you with that. I'll see what I wan do just right now. But also, can you help me ? On the SweetSpot miner, I have to manually enter the stratum and port information of SuchPool. Tell me, is it possible to modify a file somewhere to add it to the list, so I do not have to re-write it when I switch pool ?

[111magic]

As you all know Magi android app is in progress.
Magi needs a original Magi picture 1024px by 500px for the app.
Maybe somebody can help with that!

What are you looking for ? Do you want a new version of the Magi logo or an totally new picture like goldlabel frequently do ? In the first case I can help, in the second I can't help at all. If you need a totally new picture, ask to goldlabel, he's the pro   !

New version of the Magi logo with the specifications above should do it!

Ok, so maybe I can help you with that. I'll see what I wan do just right now. But also, can you help me ? On the SweetSpot miner, I have to manually enter the stratum and port information of SuchPool. Tell me, is it possible to modify a file somewhere to add it to the list, so I do not have to re-write it when I switch pool ?

edit: pools.ini

[goldlabel]

Or this one, its abit better

[Erkallys]

[edit: pools.ini

Thank you so much ! This is a big help you gave to me   !

Also, this is my image :



Is it what you were looking for ? If you like it, I can add several other words. It is late and I'm tired. I can't search others myself today. Adding colours to the words could be cool.

[joelao95]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

I just take a look on my transactions on pom m.. during september I made 5x 100xmg.. running about 230khs.. it far to be 1187xmg and I said 18$ for 80khs... so 230khs cost me a lot more then 18$...

I should recheck the consumption maybe its a lil bit less but as I remember it was 350

I checked my rig data, AMD FX 8350 consumes 140W for 55kh/s (8350 ran with 80kh/s or so before, but is low high now after I moved it to another motherboard; the power consumption is surprise to me); i5 4670 is 60W at ~75Kh/s. The total power consumption (miner + power on the machine):

AMD: 210 W - 55kh/s
i5: 125W - 70kh/s

I guess some people optimizing the miner may have better results. I just fired them up at that time to support SuchPool, with about 210kh/s (AMD, i5, google cloud (free, about 60kh/s or so), due core (with 1 thread)) and total power about 400W (AMD is a monster in this case). I am thinking of getting some i5.

[Erkallys]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

I just take a look on my transactions on pom m.. during september I made 5x 100xmg.. running about 230khs.. it far to be 1187xmg and I said 18$ for 80khs... so 230khs cost me a lot more then 18$...

I should recheck the consumption maybe its a lil bit less but as I remember it was 350

I checked my rig data, AMD FX 8350 consumes 140W for 55kh/s (8350 ran with 80kh/s or so before, but is low now after I moved it to another motherboard; the power consumption is surprise to me); i5 4670 is 60W at ~75Kh/s. The total power consumption (miner + power on the machine):

AMD: 210 W - 55kh/s
i5: 125W - 70kh/s

I guess some people optimizing the miner may have better results. I just fired them up at that time to support SuchPool, with about 210kh/s (AMD, i5, google cloud (free, about 60kh/s or so), due core (with 1 thread)) and total power about 400W (AMD is a monster in this case). I am thinking of getting some i5.

Two questions come to me : how do you know the consumption of your CPUs ? And what is this free Google Cloud ? It can be pretty interesting since it's could mine like my CPUs but 24 hours a day and freely  !