Bitcoin Forum
January 21, 2018, 07:17:41 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 ... 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 [89] 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 ... 1146 »
  Print  
Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1810431 times)
ocminer
Legendary
*
Online Online

Activity: 1988



View Profile WWW
September 18, 2014, 08:27:26 PM
 #1761

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
1516519061
Hero Member
*
Offline Offline

Posts: 1516519061

View Profile Personal Message (Offline)

Ignore
1516519061
Reply with quote  #2

1516519061
Report to moderator
1516519061
Hero Member
*
Offline Offline

Posts: 1516519061

View Profile Personal Message (Offline)

Ignore
1516519061
Reply with quote  #2

1516519061
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1516519061
Hero Member
*
Offline Offline

Posts: 1516519061

View Profile Personal Message (Offline)

Ignore
1516519061
Reply with quote  #2

1516519061
Report to moderator
Gladimor
Legendary
*
Offline Offline

Activity: 1064


Ignore the negative feedback.


View Profile
September 18, 2014, 08:34:43 PM
 #1762

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Good one!  Cheesy

Full time miner and CEO
joelao95
Legendary
*
Offline Offline

Activity: 1050


Coin of the Magi!


View Profile
September 18, 2014, 08:35:32 PM
 #1763

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
aloney
Full Member
***
Offline Offline

Activity: 121


View Profile
September 18, 2014, 08:37:21 PM
 #1764

Ok, here is a one parameter, the optimum diff where gets maximum block rewards, which is not designed well at the beginning (basically selected based on M7, obviously we're not on M7 now), since we don't have fist-hand data regarding M7M. Now I think we could tweak this value a little bit to make it fit into the algo and the community much better. That's basically what I am thinking.

as a miner , i really want to get more coins, but i don't think it's a good idea to turn modify that parameter so early , this is not changing a name or a logo of this coin ,if you change that, maybe the price will go down more quickly and no more people comes, don't you think if  people suddenly get rich is not a good thing?? just do more job to make this coin stable, not just ruin it

PPL:XunifRT3qvqnPi8kQ2PyLSSejHrSnUTHtX
ocminer
Legendary
*
Online Online

Activity: 1988



View Profile WWW
September 18, 2014, 08:38:33 PM
 #1765

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist Smiley

Every algo was on gpu sooner or later...

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
joelao95
Legendary
*
Offline Offline

Activity: 1050


Coin of the Magi!


View Profile
September 18, 2014, 08:41:40 PM
 #1766

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
24core
Sr. Member
****
Offline Offline

Activity: 401


An Impressive Purely Anonymous Currency.


View Profile WWW
September 18, 2014, 08:45:20 PM
 #1767

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants


           ▀██▄ ▄██▀
            ▐█████▌
           ▄███▀███▄
         ▄████▄  ▀███▄
       ▄███▀ ▀██▄  ▀███▄
     ▄███▀  ▄█████▄  ▀███▄
   ▄███▀  ▄███▀ ▀███▄  ▀███▄
  ███▀  ▄████▌   ▐████▄  ▀███
 ███   ██▀  ██▄ ▄██  ▀██   ███
███   ███  ███   ███  ███   ███
███   ███   ███████   ███   ███
 ███   ███▄▄       ▄▄███   ███
  ███▄   ▀▀█████████▀▀   ▄███
   ▀████▄▄           ▄▄████▀
      ▀▀███████████████▀▀
DeepOnion
███
███
███
███
███
███
███
███
███
███
   Anonymity Guaranteed
   Anonymous and Untraceable
   Guard Your Privacy
      ▄▄██████████▄▄
    ▄███▀▀      ▀▀█▀   ▄▄
   ███▀              ▄███
  ███              ▄███▀   ▄▄
 ███▌  ▄▄▄▄      ▄███▀   ▄███
▐███  ██████   ▄███▀   ▄███▀
███▌ ███  ███▄███▀   ▄███▀
███▌ ███   ████▀   ▄███▀
███▌  ███   █▀   ▄███▀  ███
▐███   ███     ▄███▀   ███
 ███▌   ███  ▄███▀     ███
  ███    ██████▀      ███
   ███▄             ▄███
    ▀███▄▄       ▄▄███▀
      ▀▀███████████▀▀
ocminer
Legendary
*
Online Online

Activity: 1988



View Profile WWW
September 18, 2014, 08:46:16 PM
 #1768

I'm not sure if you want a Coin like Revo/LimiCoin instead of one without a speed limit...

suprnova pools - reliable mining pools - #suprnova on freenet
https://www.suprnova.cc - FOLLOW us @ Twitter ! twitter.com/SuprnovaPools
aloney
Full Member
***
Offline Offline

Activity: 121


View Profile
September 18, 2014, 08:47:13 PM
 #1769

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

if there's really a GPU miner, i don't think the hashrate just grow 100M, it must be 1G or more , the guys who developed GPU miner could sell it to a big GPU farm, you know that the big GPU farm have more than thousands of cards, maybe there is a GPU miner for this coin, but they just don't use it, why? cause there's no trading volum of this coin,  do you see the buy order in the only exchange? it's only 0.09092916, why would they mine so many coins but don't know how to sell it ?

PPL:XunifRT3qvqnPi8kQ2PyLSSejHrSnUTHtX
joelao95
Legendary
*
Offline Offline

Activity: 1050


Coin of the Magi!


View Profile
September 18, 2014, 08:49:00 PM
 #1770

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants



High hash rate is pretty okay to me, but not few persons own most of high hash rate, or gpu miners own these high hash; I guess this is also what people  thinking.

p.s., if there are a gpu miner available, I don't expect many people use that yet.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
Gladimor
Legendary
*
Offline Offline

Activity: 1064


Ignore the negative feedback.


View Profile
September 18, 2014, 08:51:30 PM
 #1771

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants



Just to let you know, there are some pretty powerful CPUs out there. Intel Xeon E5-2690 @ 3GHz has 32 cores, and pumps out a decent hash speed of 0.25 MH/s (250 KH). Put into mind that these are rentable server-grade CPUs, and also consider that people are renting lots of these. If this coin was really GPU mineable, the network hashrate would be somewhere in the 2-3 figures GH.

I heard in IRC that renting out 500 cores worth of AWS instances is like $10/hour. That's a lot of hashrate.

Full time miner and CEO
SamWalters
Full Member
***
Offline Offline

Activity: 238

Sam Mother Fuckin' Walters


View Profile WWW
September 18, 2014, 08:56:27 PM
 #1772

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist Smiley

Every algo was on gpu sooner or later...

Except for primecoin?  

Remember the weeks and weeks and weeks of development by the so called 'experts' who never got a GPU miner working after primecoins launch? but they have been working so hard on it and never delivered?  I remember, it was HISTORICAL!  Because .. no one can do it even with huge money on the table.

I think there is only 1 now but that came out 1 year after primecoin launched.. and there is no interest in it as it doesn't work with primecoin mining.

I think Joe is onto something

I support Magi the first anti-botnet mining network to give regular miners the fair chance of mining. Talk to #Magi on IRC: https://kiwiirc.com/client/irc.freenode.net/#magi or on BitcoinTalk: https://bitcointalk.org/index.php?topic=735170.0
SamWalters
Full Member
***
Offline Offline

Activity: 238

Sam Mother Fuckin' Walters


View Profile WWW
September 18, 2014, 09:02:37 PM
 #1773

Everyone

Don't forget if you save money mining this coin compared to other coins, might want to hang onto them, and save it for the PoS-II stage.

Just a thought.. lot of build up to come on this coin. It's not like you have heavy electricity bill, lol.. its CPU mining.  The most affordable way to mine.

I support Magi the first anti-botnet mining network to give regular miners the fair chance of mining. Talk to #Magi on IRC: https://kiwiirc.com/client/irc.freenode.net/#magi or on BitcoinTalk: https://bitcointalk.org/index.php?topic=735170.0
aloney
Full Member
***
Offline Offline

Activity: 121


View Profile
September 18, 2014, 09:06:39 PM
 #1774

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

dev, the problem you think is not a mining problem , it's a economic problem, ppl comes for profit, ppl go away for more profit, maybe you should create a system like PTS, BTSX, ppl just buy the share for profit, not mining,, but i think it's the same thing, ppl pay more fees to rent more efficent CPU , so they should get more profit, it's reasonable. i don't know what do you want , if you really want to help more ppl, you could just give your money to them but not ask them to play a hardwork game, if a man is poor and he don't want to work hard, what would you think? is that man's fault ? or your fault? maybe the only thing we could do is working harder,  as for this coin, maybe we should do more hard work, eg. make more application for this coin and more cooperation with more business, just like the bitcoin did

PPL:XunifRT3qvqnPi8kQ2PyLSSejHrSnUTHtX
pcshared
Newbie
*
Offline Offline

Activity: 28


View Profile WWW
September 18, 2014, 09:07:37 PM
 #1775

I'm working with 60 kh/s
But balance is 0

PCSHARED.COM
aloney
Full Member
***
Offline Offline

Activity: 121


View Profile
September 18, 2014, 09:14:59 PM
 #1776

I'm working with 60 kh/s
But balance is 0

join the pool, http://magi.nonce-pool.com/ or xmg.suprnova.cc
you won't get nothing

PPL:XunifRT3qvqnPi8kQ2PyLSSejHrSnUTHtX
sleepdog
Full Member
***
Offline Offline

Activity: 166


View Profile
September 18, 2014, 09:21:36 PM
 #1777

Which exchange is trading Magi?
aloney
Full Member
***
Offline Offline

Activity: 121


View Profile
September 18, 2014, 09:22:12 PM
 #1778

Which exchange is trading Magi?

https://cryptoine.com/trade/xmg_btc

PPL:XunifRT3qvqnPi8kQ2PyLSSejHrSnUTHtX
madalieninvader
Member
**
Offline Offline

Activity: 117


View Profile
September 18, 2014, 09:23:48 PM
 #1779

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it Smiley

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist Smiley

Every algo was on gpu sooner or later...

Except for primecoin?  

Remember the weeks and weeks and weeks of development by the so called 'experts' who never got a GPU miner working after primecoins launch? but they have been working so hard on it and never delivered?  I remember, it was HISTORICAL!  Because .. no one can do it even with huge money on the table.

I think there is only 1 now but that came out 1 year after primecoin launched.. and there is no interest in it as it doesn't work with primecoin mining.

I think Joe is onto something

I thought a primecoin GPU miner was old news. According to this there's a primecoin GPU miner that beats CPU by a factor of 20-25x . https://bitcointalk.org/index.php?topic=548230.0

Last I heard Monero CPU and GPU miner were pretty much even.

crypto currency poker:
https://poker.betcoin.ag/
https://pokershibes.com/
https://sealswithclubs.eu/ (are you coming back seals?)

BURST: http://burstcoin.info/ Mining for everyone, ASIC resistant, wide fair distribution, many features, greener POW, Smart Contracts (Automatic Transactions)

♦  Just-Dice.com  ♦   ♦  1% House Edge Dice Game  ♦   ♦  Play or Invest  ♦
SamWalters
Full Member
***
Offline Offline

Activity: 238

Sam Mother Fuckin' Walters


View Profile WWW
September 18, 2014, 09:28:04 PM
 #1780

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

dev, the problem you think is not a mining problem , it's a economic problem, ppl comes for profit, ppl go away for more profit, maybe you should create a system like PTS, BTSX, ppl just buy the share for profit, not mining,, but i think it's the same thing, ppl pay more fees to rent more efficent CPU , so they should get more profit, it's reasonable. i don't know what do you want , if you really want to help more ppl, you could just give your money to them but not ask them to play a hardwork game, if a man is pool and he don't want to work hard, what would you think? is that man's fault ? or your fault? maybe the only thing we could do is working harder,  as for this coin, maybe we should do more hard work, eg. make more application for this coin and more cooperation with more business, just like the bitcoin did

as far as I understand the dev, he is talking about ensuring the network is secure and on target. I don't think there is anything wrong with this.

Most devs usually kick their feet up (after a launch) and sit back and relax.  The PoS-II is a huge incentive for miners to hang onto their coins because unlike others, when there is a fair advantage in mining, and the community is working on the same pace, once PoS-II kicks in, we can expect more coins for our mining consumption.

I also think you are right about doing more with business. I also mentioned magic shops would work well for this coin if it brought in what 1% of the worlds magicians ? 100k? 200K? That is a bigger and stronger adoption phase than 97% of the alts out there, if this does happen.

Any suggestions guys?

I support Magi the first anti-botnet mining network to give regular miners the fair chance of mining. Talk to #Magi on IRC: https://kiwiirc.com/client/irc.freenode.net/#magi or on BitcoinTalk: https://bitcointalk.org/index.php?topic=735170.0
Pages: « 1 ... 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 [89] 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 ... 1146 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!