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

[malafaya]

Guys is everythig OK with Bittrex? Worked excellent few days ago but today (20 min ago) I made a transcation which has been completed/confirmed successfully except I didin't receive my XMG on Bitterx wallet. There's no pending deposits as well. Previously I could even see the confirmations on pending deposit at Bitterx site, it was transfering very fast.

http://clip2net.com/s/3O2oKaM that's the problem as I understand.

At that point, the chain at Bittrex was 39 minutes behind. It probably caught up by now. Did you get your Magi meanwhile?

[1714190315]

1714190315

[1714190315]

1714190315

[joelao95]

Guys is everythig OK with Bittrex? Worked excellent few days ago but today (20 min ago) I made a transcation which has been completed/confirmed successfully except I didin't receive my XMG on Bitterx wallet. There's no pending deposits as well. Previously I could even see the confirmations on pending deposit at Bitterx site, it was transfering very fast.

http://clip2net.com/s/3O2oKaM that's the problem as I understand.

Is it glitch or magi network really slow down 2-3x? One block every 10 minutes - too long.

There was the new PoW / PoS rule introduced to help on solving the forking issue; it was talked in aforementioned post and going to mitigate its impacts in the coming updates.

[111magic]

This is great timing to take risk on this project I hope this will go to the moon.

Thanks & welcome in our friendly Magi community

[hashrefinery]

Magi has been added to Hash Refinery - http://pool.hashrefinery.com/site/gomining?algo=m7m

You can be paid in Magi by using your XMG address as your username and "c=XMG" as your password.  Alternatively the pool can auto-exchange to BTC for you.

Happy mining!

[carnatu]

Hello,

I've been following this thread and coin for a couple of weeks and I'm wondering what pool to join as a small hobby miner. Tried m-hash pool but got about 2 XMG in a whole day of mining with ~150kh/s and it only kept going down.

I've read this coin is for small miners, but this hasn't been true so far. Is there a particular pool for small miners?

[xyburcoin]

why xmg suprnova still closed?

[Myth888]

http://m-core.org/issues.txt

I'd like to address some concerns raised in the past as well as recently. A short summary:

The coin targets at mining to be available to broad audience and general users. I was aware that there is no way to get done by few people, and would put the way in community and encourage participating in suggestions to make it better. Feel free to suggest.

I guess you should not "fight" against big hashers.

Why?
   
From chain point of view - every pool is  single bighasher,  solo and low rate workers must go  to pools to earn at least something.
If you beat big hasher - pool, you beat small players too.
If you do random blocks or do very fast difficulty change, big hashers will just watch profitability on longer  period time..  1 - 4 - 8 hours... and see overall revenue, then compare with others.
You should conccern only about coin stability and average values, do not try to please everyone. You can`t do it.
100 workers always do x100 more work.  Solo miners can go to pool and get fair price depends their hr.

PS: I`m one of big hasher (or mid hasher  5-20Mh/s)   For now I do autoswitch when diff is low.

random reward or faster adjustment will not affect big miners who actually stay on the coin for a long time. It will only affect those who only mine when the rewards are high enough and leave as soon as it is low.

[Myth888]

http://m-core.org/issues.txt

I'd like to address some concerns raised in the past as well as recently. A short summary:

## Concerns raised by the new PoW/PoS block mining/minting rule (v1.4.4.1)

* Potentially disturbed the way how difficulty was being adjusted
* Block rewards are affected accordingly
* Hashrate calculation needs an adjustment
* PoW block rejection causing less effective blocks mined

## Difficulty adjustment in slow response to the hashrate

## Big Hashrate concerns

## PoW / PoS rule violation

For details check out the link.

The first and foremost, we need a change to the difficulty adjustment algo. The situation has been associated with miners who jump in at low difficulty and mine blocks before the difficulty increases. A block-to-block adjustment should reflect the scene of miners in and out that creates hashrate fluctuations. Importantly, the block reward adjustment itself should be sensitive to difficulty / hashrate variation.  

I'd give an expectation of one month to address the concerns; however, the final release might depend. I will update over the course. For the major concerns and possible approaches are mentioned below.

1) Difficulty adjustment algo as mentioned above

2) The new PoW/PoS generation rule concerns block finding efficiency by some pools

* Reverse the PoW block time to original 3 minutes. The idea of using 4 minutes changed in v1.4.4.1 is to reduce the PoW violation; PoW violation seems to occur anyways unless block time is significantly elongated. Instead, the larger block time reduce the number of PoW blocks and thus less chance hitting on the small-scale pools.

* Mitigating PoW block violations

The initial purpose of the PoW rule is to avoid flash mining that likely causes the forking issue; I believe this isn't that helpful on the forking under the new release. In addition, the new rule helps on the situation that big miners jump in when difficulty is low and mine blocks easily and quickly. I thought about reducing down to one PoS block between PoW blocks; however, this is not enough I believe. There is randomness in blocks at different time (though regulated by difficulty), and possibly blocks come out adjacent to another PoW; even though with reducing two to one PoS block between PoW would still lead to rejecting one portion of PoW. One way to take is to have the PoW rule similar to the PoS rule: multiple PoW blocks (say three) one after another allowed, but no more than four (numbers are example). It should be noted that there is a chance when big miners come along they might mine the allowed blocks, and left those blocks to be rejected to other miners; again this can be in part sorted by well-shaped difficulty adjustment. In either way, mitigating PoW block violations is the way to go from what I can see.

3) Big hashrate miners & fast block reward adjustment

A fast-response difficulty adjustment will facilitate evaluating the difficulty properly and thus the block reward (reward-difficulty dependent to each other). Other than this, block reward adjustment should also take place fast and reflects the hashrate in no time; hashrate would be another parameter to have in place.

Given a better responsive block reward, it won't be necessary to turn off PoW at high network hashrate as we talked a while ago. However, I'd go the turning-off approach at a rare situation, like 5-10 fold increase in the hashrate. We'd be aware disturbance to how PoW operates will get side effects as we've seen.

The coin targets at mining to be available to broad audience and general users. I was aware that there is no way to get done by few people, and would put the way in community and encourage participating in suggestions to make it better. Feel free to suggest.

seems like a good plan and not too aggressive. Will wait for the next upgrade. Cheers

[starmman]

Up to 999 pages on BTC Talk now - think we'll hit 1000 today... Another Magi milestone coming =)

[edward0181]

I'll just give it a push then hihi.

No, seriously, well done!!!

[GKar]

I can't d/l the new wallet. I upgraded my router and it's built-in av/firewall by Trend Micro is blocking the d/l saying it is malware.
Is there any other site I can grab the wallet from?

[vagsun]

I can't d/l the new wallet. I upgraded my router and it's built-in av/firewall by Trend Micro is blocking the d/l saying it is malware.
Is there any other site I can grab the wallet from?

That's exchanged 1000 pages. Make an exception in the antivirus program.

[edward0181]

I can't d/l the new wallet. I upgraded my router and it's built-in av/firewall by Trend Micro is blocking the d/l saying it is malware.
Is there any other site I can grab the wallet from?

That's exchanged 1000 pages. Make an exception in the antivirus program.

Or compile from github yourself.

[jcreyesb]

Thanks magiCoin comunity

[elpinote]

Hi there want to install this on ubuntu i have install on a vps any guides to do this?

[My9bot]

someone know why i get an inv msg if i send a version msg to a node?

i try to do somethink like this
https://github.com/Shultzi/Mybitcoin/blob/master/connection.py
magi
https://pastebin.com/uP6TGRKh

bitcoin
send  version msg
get version msg and verack


magi
send  version msg
get inv

[Minerproffi]

1000

[edward0181]

too soon!

[evok3d]

When i send to an address within the wallet, it doesnt send it at all. It just pays a small fee but it doesnt move the coins. So i resolved by creating a new wallet.dat file and sending it back and forth. If there is a better way to do this, please do let me know.

Moving forward, it seems it is still not staking despite the move. I have mPoS enabled and it has been a few days. Not sure what else to do. I recall it was staking in the past, but now it says "not enough weight" and i have +4K in there...

Any help would be appreciated.

Also now PoS is disabled by default unless specifying the following in magi.conf:

Code:

posii=1

I'm trying to make some pages that are informative to the mining and staking. I will post them once ready.

Worked like a charm! thanks mate

[edward0181]

When i send to an address within the wallet, it doesnt send it at all. It just pays a small fee but it doesnt move the coins. So i resolved by creating a new wallet.dat file and sending it back and forth. If there is a better way to do this, please do let me know.

Moving forward, it seems it is still not staking despite the move. I have mPoS enabled and it has been a few days. Not sure what else to do. I recall it was staking in the past, but now it says "not enough weight" and i have +4K in there...

Any help would be appreciated.

You can move from one address to another within your wallet with

Code:

move <fromaccount> <toaccount> <amount> [minconf=1] [comment]