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

[111magic]

However, I strongly believe the PoW reward needs a reset at this mode before fix is released in the near future, and the number I have in mind is maximum 15 XMG / block.

I do not mine,
but why should you maximize it on 15, while most of the time the reward is 1 or less?

Think with that max blockreward it will not giving profit to huge miners. Notice huge miners joined mining when blockreward was high and stopped after blockreward went down to 1 or less. After that blockreward went back up and huge miners joined in again.
With less higher blockreward mining with huge hashrate will give more powercosts than profits.
Sure if you have free power its still could give profits but much lower than before. Huge miners are looking for fast profit and will jump on other coins.
This idea will be a step forward for more fair mining.
I might be wrong but this is what crossed my mind.

[1715591733]

1715591733

[1715591733]

1715591733

[1715591733]

1715591733

[penambang]

Unable to connect to main node 

magi.conf

Code:

connect=104.128.225.215

Code:

trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
IRC got join
trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
trying connection 104.128.225.215 lastseen=0.0hrs

[The Frisian]

Unable to connect to main node  

If people don't read, the team can try everything to inform nobody, but will never succeed.
Please read a few posts before, especially the ones from Magic and Joe.
The node is down because of the wallet update tonight.

[hendsan]

http://m-core.org/solo-mine-magi/

how to use solo mining at local IP LAN sir? 1 cpu launch wallet and another cpu mine connect to the cpu launch wallet

[111magic]

Unable to connect to main node  

If people don't read, the team can try everything to inform nobody, but will never succeed.
Please read a few posts before, especially the ones from Magic and Joe.
The node is down because of the wallet update tonight.

Correct all. Wait for the coming update!

[Vitalik_Pedik]

As I received many requests of no-rollback and also many posts here, we will take the majority that we will go on with the chain on 104.128.225.215 as is, NO ROLLBACK. However, I strongly believe the PoW reward needs a reset at this mode before fix is released in the near future, and the number I have in mind is maximum 15 XMG / block. This is a temporary solution so that we keep chain / mining going. I temporarily shut the node down until we make release of the wallet. Please be prepare for the mining which can be done through solo mining. Please ask if you have questions of starting up solo mining. In the meantime, we seek pools like NOMP; few people present help on NOMP. I appreciate this.

The target time of new wallet and having the chain up is tomorrow (8/24/2017), at 7:00 PM EST time.

Rest assured we won't touch the chain on 104.128.225.215. We will just let it grow, and always take 104.128.225.215 as the best chain. If you lost connection to it, pls have a reconnection. Sorry, again this is a temporary solution.

I will post detailed docs before 8/24/2017 at 7:00 PM EST time.

In parallel efforts of fixing the issue, we will make a separate test field, either testnet or a different chain.  

You stopped node on 104.128.225.215 about 7-8 hours ago. Will you sync it to current chain at 7:00 PM EST time today?

[oVPN]

our explorer only connected to 104. stopped @ block 1451225 http://178.17.174.27:8280/m-chain/

[Vitalik_Pedik]

our explorer only connected to 104. stopped @ block 1451225 http://178.17.174.27:8280/m-chain/

Remove "connect=". Current chain block #1452394

[cryptonit]

no rollback
choose the most legitimate fork
and decleare it as mainchain

if the way to chose the most legitimate chain is done
by just sync ur main node with new code thats a valid way too

everything better than a rollback

everyone who mine this days must be aware the chance his pow rewards might end not on the final fork is high
so noone can complain u know the risc

if u wana be sure u earn real POW rewards u have to wait until there is a final chain

limit max block reward is good temporary fix

[Vitalik_Pedik]

Lets check current block #1452399
All on this chain?

[what-is-in-it]

folks, quick q - not sure based on what I read so far - can we start to mine ? (Synced to the main chain as mentioned by the dev)
If yes, what max hashrate is allowed?

[WORDCOIN]

Where can I get info about bounty?

[edward0181]

Lets check current block #1452399
All on this chain?

I am

[111magic]

no rollback
choose the most legitimate fork
and decleare it as mainchain

if the way to chose the most legitimate chain is done
by just sync ur main node with new code thats a valid way too

everything better than a rollback

everyone who mine this days must be aware the chance his pow rewards might end not on the final fork is high
so noone can complain u know the risc

if u wana be sure u earn real POW rewards u have to wait until there is a final chain

limit max block reward is good temporary fix

Thanks Cryptonit for posting your opinion!

[poer]

mine not work......2 day

[Vitalik_Pedik]

While 104.128.225.215 node is down, we can use https://chainz.cryptoid.info/xmg/ to confirm that we are on true chain.

[oVPN]

While 104.128.225.215 node is down, we can use https://chainz.cryptoid.info/xmg/ to confirm that we are on true chain.

cryptoid is not the chain that devs have @ node 104.

[Vitalik_Pedik]

While 104.128.225.215 node is down, we can use https://chainz.cryptoid.info/xmg/ to confirm that we are on true chain.

cryptoid is not the chain that devs have @ node 104.

and what?

[sCyborg]

While 104.128.225.215 node is down, we can use https://chainz.cryptoid.info/xmg/ to confirm that we are on true chain.

Love how you keep screaming about rollbacks and people mining on the wrong chain and now here you are trying to tell people they can check to confirm if they are on the true chain... which according to the dev is not the main chain for now. do you even remotely have any clue about what you are even saying...  

[Vitalik_Pedik]

While 104.128.225.215 node is down, we can use https://chainz.cryptoid.info/xmg/ to confirm that we are on true chain.

Love how you keep screaming about rollbacks and people mining on the wrong chain and now here you are trying to tell people they can check to confirm if they are on the true chain... which according to the dev is not the main chain for now. do you even remotely have any clue about what you are even saying...  

Before screaming about rollbacks I suggest to make trusted nodes which was done by the developer, but before that hi suggest to stop chain, I support this too because it was necessary to do something at least.
Love or not love, I dont care)