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

[nrg_wolf]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

[joelao95]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

[nrg_wolf]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

[DarkWolf]

Its not necessarily a bonnet. The hash difference could be down to the difficulty adjusting incredibly fast, since a hash is a calculation, an easier calculation will have a higher hash rate than a difficult calculation, thus with a quick adjustment of difficulty you would get jumps in hash rate. I think thats what a hash is, correct me if I am wrong. A GPU miner is the other option.

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

[paulthetafy]

Its not necessarily a bonnet. The hash difference could be down to the difficulty adjusting incredibly fast, since a hash is a calculation, an easier calculation will have a higher hash rate than a difficult calculation, thus with a quick adjustment of difficulty you would get jumps in hash rate. I think thats what a hash is, correct me if I am wrong. A GPU miner is the other option.

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

Spot on IMO

[joelao95]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

Say 0.05 Mhps per cpu, 100Mhs/0.05 = 2,000 cpu might be realistic. The two pools we have account for 45 Mhps seems matching. Considering 78Mhps, there might be a miner with 30M hps doing sole mining, but as we know sole mining is unprofitable. When did the Mhps miners show up in xmg.suprnova.cc?

We may record the highest network hash rate; if it goes too high, then we have to worry about GPU. We are still in the low block-reward zone though, still safe to us.

[nrg_wolf]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

Say 0.05 Mhps per cpu, 100Mhs/0.05 = 2,000 cpu might be realistic. The two pools we have account for 45 Mhps seems matching. Considering 78Mhps, there might be a miner with 30M hps doing sole mining, but as we know sole mining is unprofitable. When did the Mhps miners show up in xmg.suprnova.cc?

We may record the highest network hash rate; if it goes too high, then we have to worry about GPU. We are still in the low block-reward zone though, still safe to us.

care the explain the hash rate drops from 55k down to 38k then?

[SamWalters]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

Which pool? Where you guys noticing this?

[joelao95]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

Which pool? Where you guys noticing this?

getmininginfo, was "netmhashps" : 93.59520242 @ block 1037

[nrg_wolf]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

Which pool? Where you guys noticing this?

getmininginfo, was "netmhashps" : 93.59520242 @ block 1037

well someone has something working, the massive hash rate jumps can only be explained by 2 reasons. if its gpu what exactly will the dev do?

[hankrules]

Is there going to be a hardfork to adjust block rewards?

[joelao95]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

Which pool? Where you guys noticing this?

getmininginfo, was "netmhashps" : 93.59520242 @ block 1037

well someone has something working, the massive hash rate jumps can only be explained by 2 reasons. if its gpu what exactly will the dev do?

I am kinda thinking because of pool mining, some big miners jump in, though it would be costly to them, that can be possible; surprised this happens today, such a coincidence!

If there are really gpu miners, my quick thinking:

Keep the block reward low enough, no point for gpu miners stick to here, well all cpu miners have the same situation too

Planing a new algo fork steps in at a future block, with a more "complicated" handling of functions etc; if gpu is on the current algo, same thing could happen too unless mining goes fast

Or this may sound very weird, but if you think this option has any chance, with a closed source, no one will know coding gpu then, mining a period with major coins minted, then open source and PoS-II stage; it is sure then all miners have to trust the dev.

Any suggestions?

[lama82]

Coin Magi Video Teaser - Introduction to the First Hybrid: PoW/PoS-II

I'm still working on the pool to get it to support the network
In the mean time, I came up with this to help spread magi around



Video link: https://www.youtube.com/watch?v=W71FVD6YWM8 (2:04)

Special Thanks to developers of Coin Magi for giving us an opportunity of fair mining!
Credits go to my team who helped me make this video possible with their editing.

Please let me know what you all think, Magi community

+100
Really nice job Sam. Its all over the world now by social media!!

[lama82]

also noticed that it seems to come in at full power then dissapear for a few min allowing the difficulty to drop. could be a gpu miner in the testing stages....

That's within diff/hash fluctuations, as we've seen before. Let's attention how the network hash rate changes.

the amount that comes and goes jumps the hash rate from about 55,600Khs to 78,000khs, thats a massive jump.... so botnet or gpu miner is really the only option

I'll need you all keep me posted your suspections in the next 1-2 days.

i will when i get the chance to monitor it, down to 36,000khs now........ sudden drops

then back to 49,000.....

now at 57,000 again.....

Which pool? Where you guys noticing this?

getmininginfo, was "netmhashps" : 93.59520242 @ block 1037

well someone has something working, the massive hash rate jumps can only be explained by 2 reasons. if its gpu what exactly will the dev do?

I am kinda thinking because of pool mining, some big miners jump in, though it would be costly to them, that can be possible; surprised this happens today, such a coincidence!

If there are really gpu miners, my quick thinking:

Keep the block reward low enough, no point for gpu miners stick to here, well all cpu miners have the same situation too

Planing a new algo fork steps in at a future block, with a more "complicated" handling of functions etc; if gpu is on the current algo, same thing could happen too unless mining goes fast

Or this may sound very weird, but if you think this option has any chance, with a closed source, no one will know coding gpu then, mining a period with major coins minted, then open source and PoS-II stage; it is sure then all miners have to trust the dev.

Any suggestions?

I think it's a good idea.
Whatever you decide Joe.
I have every confidence in you and in this community!

[joelao95]

Is there going to be a hardfork to adjust block rewards?

No, not yet.

[fartbags]

Is there going to be a hardfork to adjust block rewards?

No, not yet.

What is wrong with block rewards? They seem to be working well so far.

[joelao95]

Is there going to be a hardfork to adjust block rewards?

No, not yet.

What is wrong with block rewards? They seem to be working well so far.

My initial thinking is that if we get enough people mining this coin, we should reward highest probable number of coins to miners, that is 500 XMG/block, as designed.

So the question is, do we have enough people now? My guess, most likely yes, that's why we need to adjust the rewards. Well if you guys are comfortable with the current rewards per block, I have no objection.

[aloney]

maybe it's not a good idea of changing the reward in production stage, we should just make more twitter, attract more people to pay attention,

[fluffyponyza]

Devs are trying very hard to get the coin upwards.They are up to date,hopefully they will succeed.

[joelao95]

maybe it's not a good idea of changing the reward in production stage

Issue will be many coins to be mined in the future, which may be mostly mined by GPU by that time, unless GPU is proven to be impossible/inefficient. Another concern is the coin swap, although we can manage to carrier out coin swap much slower than mining.