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

[kamarul.jutawan]

anyone have any idea when the XMG on novaexchange can transfer to wallet or another exchange? ty

[joelao95]

So ordinary miners do not have protection from losing days?

XMG is not perfect. the profitability adjustment is what set XMG mining apart from any other POW. When it started maybe the reward system was optimal but of course miners would adjust and learn how to get more profit jumping in and out. Thats the game. So i believe it needs to be adjusted again but definitely the adjusting reward system should be kept. I suggested just a few days ago or maybe a week ago to incorporate a more random reward system. But dev thinks its not the way. Maybe he has another plan to tackle it.

Let us remember that the adjusting reward system was meant to prevent big farms from mining. Its meant to make the coin more centralized. Dev means well. unfortunately the flexible reward system is too straight forward so it can be exploited. And it is being exploited. Temporary or permanent reduction in max reward really wont solve anything in the long run as long as max is still profitable. Regular miners would suffer more than big farms. Big farms farm more than 1 type of coin thats why they jump in and out.

Unfortunately whatever reward you get is also same for everybody. Nobody has the upper hand. Just people with more resources.

I didn't yet give a deep thinking on the mining thing as I put all efforts into getting done fix first at this time. For that being said, I neither agree nor disagree randomness and I've mentioned this can be optional. This part must be clear.

Mostly it's the case that people make use of reward predication to mine, however, this is not a general case that is applicable to miners, like botnets. We've been through some old times, and had discussions with miner developers who believe chances are always there for some big miners despite how much small reward. They do care about profits for sure, however, they definitely mine the way differently from generic users. When we propose the randomness as one of the approaches, let's be clear the role of randomness in reducing miners.  

This is the question I mentioned:

Randomness can be optional, while I'm wondering if randomness is mainly served to make block value guess be difficult? However, if we go patterning the average reward following a rule, I bet people can make use of the average rule.

It's for sure that there is bare chance we should go completely random blocks or we will make the small miners out of the scene, unless we have a strong reason

And yet, I wouldn't go complete random blocks at this point, as in the case big miners jump in who will actually control majority reward; the reward must make connections to parameter(s) that reflects the actual mining scene.

Put together, I would say randomness as additive can be considered, but we need to be clear its purpose and how it functions.

Let us remember that the adjusting reward system was meant to prevent big farms from mining. Its meant to make the coin more centralized. ..

DEcentralized?

[abbeytim]

ok  m fine how the coin reward system was made just fix the main forking  issues and get it back on the exchanges 

[joelao95]

I have put a test chain on node 45.35.251.73. This is only for test; mining won't be valid:

Download the wallet and blockchain from the following:

http://coinmagi.org/bin/test/
(I'm away from my compiling setup so only 64bit binaries are available at the moment)

source: https://github.com/magi-project/magi/tree/v1.4.3-test

* v1.4.3.1
* v1.4.3.2: Updated protocol version so that prior version will be disconnected
* v1.4.3.3
Difficulty adjustment

Pls help the test (PoW & PoS mining). We'd see if this test comes out without forks.

The chain will proceed when PoS and PoW both are mined or in a pace of about 15minutes when block conditions aren't met. If you have coins in the official chain, you might be able to use that on the test chain for PoS minting (make sure backup wallet.dat).

Node:

Code:

addnode=45.35.251.73

I'd push another test wallet v1.4.3.3 which contains a difficulty adjustment. This is TEST, NOT the formal wallet.

The following likely changes are to be made to the final in addition to the fix:

1) Difficulty adjustment back to moving average of the last four blocks. In case of block checking (mixed PoW/PoS) not satisfied, difficulty remains unchanged.

2) The mixed PoW/PoS block checking rules:

In-between two PoW has least one PoS, or 10 min block time
Five PoS contains at least one PoW, or 3 min block time

It's likely better to have two PoS blocks minted than one between PoW blocks, however, this might get tricky as currently the block time of PoS and PoW is 1.5 and 3min. Therefore, I propose to change the PoW block time from 3 min to 4 min. Let me know.

[eogr-s]

Should we keep following with the only 104.128.225.215 node's chain (connect=104.128.225.215) or it's allowed to expand nodes list as regular (addnode etc)?
I ask because I've changed the "connect=104.128.225.215" to "addnode=104.128.225.215" and seems catch some strange behaviour
Wallet-1.4.3.1
Here is from my debug.log

Code:

agiMiner:
new block found  
  hash: 000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29  
target: 0000000086ef0000000000000000000000000000000000000000000000000000
CBlock(hash=000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29, ver=5, hashPrevBlock=986ebca6348c3ac0322dfd4696f7b6adcaf08f283181ed849ad608cb4efb39b7, hashMerkleRoot=0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72, nTime=1505252350, nBits=1d0086ef, nNonce=187196, vtx=1, vchBlockSig=3044022069414970439829a3c229980788ba43a16a137892ee0b804dacfa76787e586ad0022020425f2c0480936ea13f2fbcefa23bb6ca11a5b78abb7377ff8591d933253bbe)
  Coinbase(hash=0bb55fed88, nTime=1505252314, ver=1, vin.size=1, vout.size=1, nLockTime=0)
    CTxIn(COutPoint(0000000000, 4294967295), coinbase 03d4881602c700062f503253482f)
    CTxOut(nValue=8.78079905, scriptPubKey=025bcf17216ee86f14906f9026ce8b9dd5627d98d4b5d7486c53321fe303368945 OP_CHECKSIG)
  vMerkleTree: 0bb55fed88 
generated 8.78079905
AddToWallet 0bb55fed88  new
NotifyTransactionChanged 0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72 status=0
updateWallet 0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72 0
SetBestChain: new best=000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29  height=1476820  money supply=8052770  trust=66450092821708  date=12.09.2017 21:39:10
Stake checkpoint: a7c46b89
ProcessBlock: ACCEPTED

And here is from this block's info from chainz.cryptoid.info

Code:

{
   "hash": "00000000835d34917dbefadd1d33fa1eb6f0ad0b8cd28e13d4629405ae2ebe23",
   "confirmations": 471,
   "size": 282,
   "height": 1476820,
   "version": 5,
   "merkleroot": "941148c19a9d696701066b17cbbed86670f6a3c371909721e944d2768e459238",
   "mint": 8.78079905,
   "time": 1505252350,
   "nonce": 3758111380,
   "bits": "1d0086ef",
   "difficulty": 1.89720059,
   "previousblockhash": "986ebca6348c3ac0322dfd4696f7b6adcaf08f283181ed849ad608cb4efb39b7",
   "nextblockhash": "5a4016e30461fd84d67627cc28ac8b3b49a4f8219ca7e201ce9d12bfea6c1228",
   "flags": "proof-of-work",
   "proofhash": "00000000835d34917dbefadd1d33fa1eb6f0ad0b8cd28e13d4629405ae2ebe23",
   "entropybit": 1,
   "modifier": "3125108231465701",
   "modifierchecksum": "a7c46b89",
   "tx": [
      "941148c19a9d696701066b17cbbed86670f6a3c371909721e944d2768e459238"
   ],
   "signature": "304402202a7c4ea0e7e2fe4da016f646ad4d8228d47816757c4480e2e7d9cb2a5bb4d58602203745ff249d254837ef2ed5aec9c159c2b79488c88aa90fce9b013581991b77e2"
}

I've resynced the wallet with "connect=104.128.225.215" and I do not see mined coins.

Update:
Chain seems perform REORGANIZE

Code:

received block 00000000835d34917dbe
ProcessBlock: ACCEPTED
received block 5a4016e30461fd84d676
REORGANIZE
REORGANIZE: Disconnect 1 blocks; 986ebca6348c3ac0322d..000000005b5ea0db12ed
REORGANIZE: Connect 2 blocks; 986ebca6348c3ac0322d..5a4016e30461fd84d676
REORGANIZE: done

[edward0181]

I'll fire up a test server again to help testing. If chain of last test is still v valid I may even have enough to pos also.

Will let you know. Thanks Joe

[The Frisian]

I still don't understand how my weight can be bigger than the network weight.



Who can explain this to me?

[iPedroso]

Hi!

My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)...
Without having the option to trade, it is almost useless to mine anymore...

Any ideas? Thanks a lot!

[edward0181]

Hi!

My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)...
Without having the option to trade, it is almost useless to mine anymore...

Any ideas? Thanks a lot!

You can read a few pages back.
We're testing new wallets. When they pass, exchanges will go back to working.

Will take a few days more, max

[111magic]

Hi!

My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)...
Without having the option to trade, it is almost useless to mine anymore...

Any ideas? Thanks a lot!

Welcome in our friendly Magi community.
Magi team requested the exchanges to put XMG wallets on maintenance mode until release of new wallets.
At the moment it looks like they (new wallets) are coming very soon.
Keep eyes here on the thread or other forums/social media.

Lol Edward0181 your respons was faster! 😃

[iPedroso]

Hi!

My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)...
Without having the option to trade, it is almost useless to mine anymore...

Any ideas? Thanks a lot!

You can read a few pages back.
We're testing new wallets. When they pass, exchanges will go back to working.

Will take a few days more, max

Thanks for your immediate response! Let's go on mining!

[My9bot]

I still don't understand how my weight can be bigger than the network weight.



Who can explain this to me?

on test chain?

[edward0181]

BTW,
Is there any block explorer avail for test node?

Code:

addnode=45.35.251.73

Just to check some things?

[The Frisian]

********************* TESTWALLET ****************************



The testwallet is staking,.

[penambang]

I'm curious why we didn't use testnet for testing?

[edward0181]

Mining does too

[The Frisian]

I still don't understand how my weight can be bigger than the network weight.



Who can explain this to me?

on test chain?

Nope, the real one!

The one below is from testwallet  :

[111magic]

I'm curious why we didn't use testnet for testing?

Hmm don't know that. Btw whats happening with BTC? Huge drop!!!

[The Frisian]

I'm curious why we didn't use testnet for testing?

Hmm don't know that. Btw whats happening with BTC? Huge drop!!!

Maybe this one: BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up
https://twitter.com/bitcoinspot

[111magic]

I'm curious why we didn't use testnet for testing?

Hmm don't know that. Btw whats happening with BTC? Huge drop!!!

Maybe this one: BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up

Hmm that might be a reason. Might be tactics to drop the value and buy some cheap.