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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375156 times)
111magic
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December 04, 2017, 07:26:34 PM
 #20681

Server disconnected again, since 5 hours:

trying connection 45.35.251.73 lastseen=0.0hrs
connection timeout
trying connection 104.128.225.215 lastseen=0.0hrs
connection timeout
try this...
remove
connect=45.35.251.73
 and
connect=104.128.225.215
from magi.conf, reboot your wallet

try to ping 45.35.251.73 and 104.128.225.215

and add again
connect=45.35.251.73
 and
connect=104.128.225.215 on magi.conf

i did this and im staking right now

Thanks for sharing that amigo!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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abraxsis
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December 04, 2017, 09:16:57 PM
 #20682

Hi guys, ive heard someone said that we will have hardfork this month, is it real? I dont see it in our roadmap this month, but at August 2017, lol.
Maybe because of that info, xmg price rise alot  Grin Grin.

I haven't read anything about it on any of the official places, I don't see why there would be a HF at this point. The only place I have seen anything about a HF is something asking about a possible HF a few day ago. Personally, today's prices looks like a classic pump and dump with the multiple 20k+ XMG buys/sells I have seen go across my screen.
111magic
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December 04, 2017, 09:21:36 PM
 #20683

Hi guys, ive heard someone said that we will have hardfork this month, is it real? I dont see it in our roadmap this month, but at August 2017, lol.
Maybe because of that info, xmg price rise alot  Grin Grin.

I haven't read anything about it on any of the official places, I don't see why there would be a HF at this point. The only place I have seen anything about a HF is something asking about a possible HF a few day ago. Personally, today's prices looks like a classic pump and dump with the multiple 20k+ XMG buys/sells I have seen go across my screen.
Don't know what happend but i like the volume on Bittrex

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
abraxsis
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December 04, 2017, 09:27:10 PM
 #20684

Hi guys, ive heard someone said that we will have hardfork this month, is it real? I dont see it in our roadmap this month, but at August 2017, lol.
Maybe because of that info, xmg price rise alot  Grin Grin.

I haven't read anything about it on any of the official places, I don't see why there would be a HF at this point. The only place I have seen anything about a HF is something asking about a possible HF a few day ago. Personally, today's prices looks like a classic pump and dump with the multiple 20k+ XMG buys/sells I have seen go across my screen.
Don't know what happend but i like the volume on Bittrex

Ditto, Im just glad I had a standing sell order with a "pie-in-the-sky" price set on it, lol. I woke up and it had sold about an hour beforehand.

I'd love to know what prompted it and wish I had the coin to have gotten in on more than I did.
111magic
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December 04, 2017, 09:35:52 PM
 #20685

Hi guys, ive heard someone said that we will have hardfork this month, is it real? I dont see it in our roadmap this month, but at August 2017, lol.
Maybe because of that info, xmg price rise alot  Grin Grin.

I haven't read anything about it on any of the official places, I don't see why there would be a HF at this point. The only place I have seen anything about a HF is something asking about a possible HF a few day ago. Personally, today's prices looks like a classic pump and dump with the multiple 20k+ XMG buys/sells I have seen go across my screen.
Don't know what happend but i like the volume on Bittrex

Ditto, Im just glad I had a standing sell order with a "pie-in-the-sky" price set on it, lol. I woke up and it had sold about an hour beforehand.

I'd love to know what prompted it and wish I had the coin to have gotten in on more than I did.
Thanks amigo. Its not easy to stay unique between 1300 different currencies. But Magi team continues working on improvements and developments to give Magi a great future. It will go step by step but with patience, good work & awesome friendly community Magi will achieve huge goals!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
jbkel3496
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December 04, 2017, 10:34:00 PM
 #20686

Sad I have been trying to stake for a few days now with no luck. I have sent coins back and forth to myself a few times. Yes some of my coins are old but I have sent over 200 back and forth. Please help?

Do you have PoS set to active in the conf file?

The problem is I can't find the conf file, it's not in the folder it's supposed to be in. Do I need to shut down the miner for it to show up, or turn on hidden files? Thank you.

Edit: Nevermind I found it, now have to figure out how to edit it. Thank you.

Edit2: I went below the initial text and just typed posii=1, it that how it is done? Thank you.

Edit3: Got it fixed. Thank you for pointing me in the right direction.

good to hear - just a note (and sorry for being late to the party) - if you download the zip file from the site there is a sample conf file from Joe with some optimal settings in there.

Thank you!
http://coinmagi.org/bin/m-wallet-1.4.4.1/

111magic
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December 05, 2017, 12:11:54 AM
 #20687

Magi XMG twitteraccount passed 10k followers 😃

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
starmman
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December 05, 2017, 06:53:36 AM
 #20688

Magi XMG twitteraccount passed 10k followers 😃
Great stuff - coingecko ratings are gradually improving

The weak points are currently reddit users (which is going in the right direction), and bing web results - we need to get some more external exposure somehow
doankhaido
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December 05, 2017, 07:06:20 AM
 #20689

Hi guy,

I see in roadmap that we have segwit in this month, is this true ? Anyone has any news ?  Tongue
111magic
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December 05, 2017, 10:28:35 AM
 #20690

Hi guy,

I see in roadmap that we have segwit in this month, is this true ? Anyone has any news ?  Tongue
https://roadmap.coinmagi.org
Maybe in the beginning of 2018. We will see.
Dev is working on improvements and developments.


bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
light85bit
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December 05, 2017, 11:27:48 AM
 #20691

Hi guy,

I see in roadmap that we have segwit in this month, is this true ? Anyone has any news ?  Tongue
https://roadmap.coinmagi.org
Maybe in the beginning of 2018. We will see.
Dev is working on improvements and developments.


Maybe we should begin to gather more xmg from today, lol.
abraxsis
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December 05, 2017, 08:09:46 PM
 #20692

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.
111magic
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December 05, 2017, 08:12:08 PM
 #20693

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.
Yea indeed. Would be a lot better if people read a little more before start mining.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
vicelikedust
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December 05, 2017, 08:58:34 PM
 #20694

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.

Well at least they will get kicked if they continue to do that!

I've kept my hashrate relatively low, not sure I've really gone past 200kh.
abraxsis
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December 05, 2017, 09:17:10 PM
 #20695

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.

Well at least they will get kicked if they continue to do that!

I've kept my hashrate relatively low, not sure I've really gone past 200kh.

Doubtful, a huge majority of top 10 have been well over 250 for the last week, still are.
starmman
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December 05, 2017, 09:27:53 PM
 #20696

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.

Well at least they will get kicked if they continue to do that!

I've kept my hashrate relatively low, not sure I've really gone past 200kh.

Doubtful, a huge majority of top 10 have been well over 250 for the last week, still are.

The pool owners frequent here quite often so maybe somebody will notice and take some action =)
vicelikedust
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December 05, 2017, 10:44:08 PM
 #20697

Dang, some person, brunoferdenez came into the m-hash pool and is running three times the limit, totally killed the payout.

God I wish people would actually READ before mining.

Well at least they will get kicked if they continue to do that!

I've kept my hashrate relatively low, not sure I've really gone past 200kh.

Doubtful, a huge majority of top 10 have been well over 250 for the last week, still are.

The pool owners frequent here quite often so maybe somebody will notice and take some action =)

I certainly hope so.
vicelikedust
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December 05, 2017, 10:52:05 PM
 #20698

Maybe someone can answer my question.
My fastest rigs difficulty goes up into the 40's, does this increase how much I'll make per solve or just slow me down?
Pyroboby7
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December 05, 2017, 11:51:24 PM
 #20699

Maybe someone can answer my question.
My fastest rigs difficulty goes up into the 40's, does this increase how much I'll make per solve or just slow me down?

Difficulty is how big of a chunk of the block your miner is working to solve.  Lots of small pieces on a fast rig can actually get you more rejected shares.  Most pools tend to adjust to your machines hashrate.

XMG -  95AySiw3GaiTxf5xWBnZLLWkJ9orhyagbx
Tama21
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December 05, 2017, 11:58:10 PM
 #20700


Summary

Magi (XMG) is a PoW/PoS hybrid coin (mPoW/mPoS). Magi is designed with difficulty dependent mining reward for proof-of-mining (PoW) blocks in order to put network hashrate under a certain limit. Magi at the first time implements a novel proof-of-staking mechanism, to frustrate potential attack through accumulating a large number of coins and offline staking time (read more..). Magi is at the first concentrating on the low cost in maintaining its block system, for example, through cost effective mining devices. To this end, Magi, aiming at fairness, cost effective and energy efficiency, strives for every single effort to make mining be available to everyone, and provides an even playing field for people looking to issue digital coins without expensive equipment.

mPoW, the magi's proof-of-work (PoW) protocol, in addition to required computational works to be done to deter denial of service attacks, is also a network-dependent rewarding model system. The mPoW rewards participants who solve complicated cryptographical questions not only to validate transactions but also to create new blocks and generate coins. The amout of coins generated are constantly monitored by the mPoW protocol and tuned on the basis of an attraction-repulsion model: 1) incremental rewarding to stimulate network activities during passive mining phase, and 2) decremental rewarding to mitigate redundant mining sources during agressive mining phase. mPoW can effectively govern the magi's network and limit it under a certain scale, enabling the general devices to be capable of mining magi. ++ For details - A network-dependent rewarding system: proof-of-mining

mPoS, the magi's proof-of-stake (PoS) protocol, aims to achieve distributed consensus through operations in addition to mPoW. mPoS is designed such that it rejects potential attacks through accumulating a large amount of coins or offline staking time, either of which leads to security concerns. Similar to mPoW's operation, mPoS is constructed in accordance with the concept of the attraction-repulsion model. Magi hybridizes mPoW with mPoS, and integrate both consensus approaches in order to acquire benefits from the two mechanisms and create a more robust payment system. ++ For details - magi's PoS

 [MagiIntro Video] - What is Coin of the Magi?


Wallet (v1.4.4.1)
Windows (ZIP): http://coinmagi.org/bin/m-wallet-1.4.4.1/m-wallet-1.4.4.1-win.zip
Windows Installer (x32/x64): http://coinmagi.org/bin/m-wallet-1.4.4.1/m-wallet-1.4.4.1-win-setup.exe

Linux: http://coinmagi.org/bin/m-wallet-1.4.4.1/m-wallet-1.4.4.1-linux.tar.gz
Mac OS X: http://coinmagi.org/bin/m-wallet-1.4.4.1/m-wallet-1.4.4.1-osx.dmg
FreeBSD: http://coinmagi.org/bin/m-wallet-1.4.4.1/m-wallet-1.4.4.1-freebsd.tar.gz

Block chain: http://coinmagi.org/bin/block-chain/
Release notes: http://coinmagi.org/bin/release-notes.md


Logo:

http://coinmagi.org/files/logo/v2
Old version: http://coinmagi.org/files/logo/v1

Specifications
Symbol: Σ

Proof of Work (PoW)
Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)
M7M (v2) PoW hash function
Block time - 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoS-II)
Security enhanced - Variable coin age depending on the staking time (more..)
Minimum coin age - 2 hours
Interest rate - network weight dependent with maximum 5%;
Block time - 1.5 minutes
Block hash - SHA256
Maturity: 120
     (Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Exchanges
Bittrex | Cryptopia | Novaexchange | CryptoDAO | YObit.net

CPU Miner

http://m-core.org/resources/mining.html

Source: https://github.com/magi-project/m-cpuminer-v2
GUI (m-cpuminer-qt): Windows 64, 32, Mac OS X, Linux 64, Source, Github release
NeedIfFindIt's GUI Miner: Makejar download (Windows), Coinmagi.org host download
m-minerd (m-cpuminer-v2): Windows 64, 32, Mac OS X, Linux 64, Source, Github release
Spexx's minerd: Download here (Windows), Coinmagi.org host download
Guide to launch the miner
Adjust CPU mining usage: "-e cpu_efficiency" between 0 - 100 (i.e., 0 - 100%)
Code:
m-minerd -o stratum+tcp://pool_url:pool_port -u pool_user.worker -p password -t thread_numbers -e cpu_efficiency

Pools
Suprnova | MaxMiners | m-hash | MinerClaim | Magi (XMG) Mining | ZPOOL | MiningRigRentals

NOMP Pools:
http://xmg.luckypool.ml/
http://magi.altexplorer.xyz/
http://h2701744.stratoserver.net:85

Block Explorer
CryptoID | m-chain.info

(104.128.225.215)
http://178.17.174.27:8280/m-chain
http://178.17.174.27:8280/m-chain/json.php?d=bestblockhash

Videos
https://www.youtube.com/watch?v=7EkAbPacS7c
https://www.youtube.com/watch?v=W71FVD6YWM8
https://www.youtube.com/watch?v=jpvpO0OE7Dw
https://www.youtube.com/watch?v=UaJKTWugF8s

Connections
The fruitsclan (the world wide multi-gaming clan, thanks to Goldlabel): Netherlands site, English site



Update & News

03/13/2015: Light Splasher Graphics: http://www.lightsplasher.com/2015/magi-coin-review/
03/07/2015: Crypto Mining Blog: http://cryptomining-blog.com/4491-cpu-mining-the-coin-magi-xmg-what-can-you-expect/
03/02/2015: Crypto Mining Blog: http://cryptomining-blog.com/4459-are-you-looking-for-a-cpu-crypto-coin-try-coin-magi-xmg/
02/24/2015: 24/7 Cryptonews: http://247cryptonews.com/coin-magi-dream-transformed-in-reality-for-cpu-miners/
12/13: Crypto Mining Blog: http://cryptomining-blog.com/4017-coin-magi-xmg-cpu-only-alternative-crypto-currency/
12/01: Coinkita.com (a bitcoin educational community startup) (Indonesian ): http://coinkita.com/xmg-magi/
11/23: BTC-Germany: http://blog.btcgermany.eu/altcoin-der-woche-magicoin-xmg/
11/15: The Bitcoin News: http://thebitcoinnews.com/2014/11/15/coin-magi-cpu-miners-dream-proof-of-mining-pos-ii/
11/14: Coins Source: http://www.coinssource.com/coin-magi-a-cpu-miners-dream-proof-of-mining-pos-ii/
10/31: Mundo Crypto: La moneda de distribución justa (Spanish); http://www.mundocrypto.com.ve/uncategorized/magi-xmg-la-moneda-de-distribucion-justa/
10/29: The Einsteinium News: https://sites.google.com/site/einsteiniumbiz/home/page-2
10/28: The Bitcoin News: http://thebitcoinnews.com/2014/10/28/coin-magi/
10/28: Cryptos.Us: http://cryptos.us/crypto-news/item/58-coin-magi-a-unique-cpu-coin
10/21: Satoshis.Guru: http://www.satoshis.guru/home/coin-info/magicoin/
10/19: The Cryptocoin Chronicle: http://cryptocoinchronicle.com/2014/10/magicoin-coin-cpu-miner/






FAQ
1. The staking has "Not enough weight", what should I do?
For the regular PoS, "Not enough weight" means insufficient staking time. For Magi's PoS (mPoS), however, the cause can be correlated with the over-time staking. The latter is a typical issue raised by people from time to time. There is only one way to solve this which can be done via resetting staking from scratch: send XMG to another address in the same or another wallet. You may want to use the "Coin control" feature in order to select the input sources. Do not try to stake with a significant amount of XMG that mitigates the weight as well. Once this is done, remaining the wallet running shall gains some staking weights.

Nodes
104.128.225.215
216.189.151.56
103.11.64.40

Anyone has any news about segwit in this month?
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