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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2373515 times)
joelao95
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September 26, 2014, 02:37:59 PM
 #2281

Check out the pool statistics please, if you suspect that; no more wording arguing, just check out everything you suspect, and figure how your guess works.


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lama82
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September 26, 2014, 02:51:52 PM
 #2282

The XMG trading volume has broken 1 BTC yesterday, and now rise up to more than 2 BTC; this is very good to a new coin, especially we're on a new exchange; importantly XMG had a consistent transaction since launch. Don't worry too much the price, volume is most important we should be looking at at this moment. All should spread the news, tweet and facebook, @BittrexExchange in any circumstance.
https://cryptoine.com/trade/xmg_btc
Tweet send!
XMG is on the road to a big exchange!
evilmuffinman
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September 26, 2014, 03:31:47 PM
 #2283

Will hold swapped coins, wouldn't want to miss out on the fun later.
111magic
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September 26, 2014, 03:51:42 PM
 #2284

Will hold swapped coins, wouldn't want to miss out on the fun later.
Good choice I do the same!
If the price is right I buy a little more XMG! Cheesy
hmm am afraid that people who now sell cheaply later going to regret this.


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Spexx
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September 26, 2014, 04:03:56 PM
Last edit: September 26, 2014, 06:22:54 PM by Spexx
 #2285

Re: Opinions on the state of play.

Restricting the source code and restricting hashrate by brute force is the wrong way to go and unlikely to win friends. Excessive tinkering at this point would be unwise and it seems good the way it is right now imho. Far better to simply get the message across to the miners with over say 1 Mh/s at their disposal that they are actually the problem. These miners need to realize that they could be throwing far far less hashing at it and get much higher rewards. Yeah - it's counter-intuitive and people need to wise up. Perhaps this particular feature requires greater emphasis in publications. From a few back-of-a-cigarette-packet calculations I reckon miners should be aiming for a maximum 200 Kh/s each, then we can see how the totals work out in more detail. The only problem I see with this approach is that self-restraint in not general human nature while greed is generally the norm. XMG is different - greed should not be rewarded.

dcct
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September 26, 2014, 04:34:27 PM
 #2286

Maybe you want a block-explorer?

https://bchain.info/XMG/
Zlush1337
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September 26, 2014, 05:14:25 PM
 #2287

can any1 post the latest windows 64bit miner plz Smiley
joelao95
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September 26, 2014, 05:18:43 PM
Last edit: September 26, 2014, 05:37:56 PM by joelao95
 #2288

Re: Opinions on the state of play.

Restricting the source code and restricting hasrate by brute force is the wrong way to go and unlikely to win friends. Excessive tinkering at this point would be unwise and it seems good the way it is right now imho. Far better to simply get the message across to the miners with over say 1 Mh/s at their disposal that they are actually the problem. These miners need to realize that they could be throwing far far less hashing at it and get much higher rewards. Yeah - it's counter-intuitive and people need to wise up. Perhaps this particular feature requires greater emphasis in publications. From a few back-of-a-cigarette-packet calculations I reckon miners should be aiming for a maximum 200 Kh/s each, then we can see how the totals work out in more detail. The only problem I see with this approach is that self-restraint in not general human nature while greed is generally the norm. XMG is different - greed should not be rewarded.

Very suggestive comments, Spexx; you're right we should emphasize lower hash getting higher rewards. There is a feature I didn't disclose yet, the diff where maximum XMG occurs increases over time, that will allow more and more people mining XMG and share the maximum rewards later on.


Maybe you want a block-explorer?

https://bchain.info/XMG/

Thank you very much, dcct. I love the explorer, particularly the diff vs time graph:

It's clear that diff is nearly constant between 09/18 and 09/21, while it declines after 09/21 when hard fork happened.

Currently 530 active miners.


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.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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September 26, 2014, 05:20:15 PM
 #2289

can any1 post the latest windows 64bit miner plz Smiley

It's few pages back, not yet have time to update the OP; Spexx, can you post your compilation for Zlush1337?


  Coin MAGI  . XMG   
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.CPU Mining   PoS-II   PoM   Unique Block Reward 
Bojcha
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September 26, 2014, 05:32:57 PM
 #2290

Re: Opinions on the state of play.

Restricting the source code and restricting hasrate by brute force is the wrong way to go and unlikely to win friends. Excessive tinkering at this point would be unwise and it seems good the way it is right now imho. Far better to simply get the message across to the miners with over say 1 Mh/s at their disposal that they are actually the problem. These miners need to realize that they could be throwing far far less hashing at it and get much higher rewards. Yeah - it's counter-intuitive and people need to wise up. Perhaps this particular feature requires greater emphasis in publications. From a few back-of-a-cigarette-packet calculations I reckon miners should be aiming for a maximum 200 Kh/s each, then we can see how the totals work out in more detail. The only problem I see with this approach is that self-restraint in not general human nature while greed is generally the norm. XMG is different - greed should not be rewarded.

Very suggestive comments, Spexx; you're right we should emphasize lower hash getting higher rewards. There is a feature I didn't disclose yet, the diff where maximum XMG occurs increases over time, that will allow more and more people mining XMG and share the maximum rewards later on.
Yea but there is big problem right there. Their greed is my problem, and problem of all "avarage miners" and that is not acceptable for miner like me who use, as you said, around 200kH/s.
What if hashrate never drops? If more people finds this coin interesting, as i also hope, - no big reward.
What if they actually realize that with lower hashrate they can have more, but if one alone do that it will get in worse position. It's hard to belive that they all will realise (in more or less same time) that they should use much less hashrate.

At least some big red letters should be on homepage of pools to "ask" miners to not use more then xx kH/s.
Spexx
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September 26, 2014, 06:30:07 PM
 #2291

can any1 post the latest windows 64bit miner plz Smiley

Spexx Beta version here:-

https://www.dropbox.com/s/hiadf8o5u7bsit7/XMGpoolminerWin64.rar?dl=0

There are other versions available (see OP) but this one seems to run the fastest, albeit with limited support for the use multiple threads. If you want to run more than 2 threads, come back to me since there are some tuning instructions which I have yet to compile into a full release version.


Bojcha
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September 26, 2014, 07:03:09 PM
 #2292

What is your opinion about the following idea? We talked about it long time ago, but didn't push it further (had a discussion with Bojcha too):
modify the algo, keep it half-closed source, and pool setting a limit to the hashrate.

That was mine proposal for this hashrate limiting. If this 5 coin reward stays so and hashrate does not fall under 50MH/s, it will be needed much longer time to mine all coins. This can be double-edged sword for sure but it's possible. Here is how it should work, by also looking and learning on errors of other coins that used same thing.

- Source is (how i like to call it) half-closed, meaning olny dev, pools and exchange have source.
- wallet mining disabled
- pools limit hashrate
- pools need to have worker limit (1 worker) - if more PC's are in use, all can be pointed to 1 worker without problems.
- etc..

This way hashrate will be easy controlled and easy to follow by everyone. Everyone can follow blocks on pools so if some blocks are missed then someone is mining out of system. However when POS blocks starts in the middle of POW those block will be missed on pools ofc!

So what you all think?


LOL, pool limiting hashrate is impossible. Use a proxy and create more workers.

You're trying to make mining into something it's not - centralizing it and forcing people to use small amounts of hash just... isn't going to work.
I know that you employer will not be happy for sure.

But i agree.
Dev, Please don't do this and forget what said.
111magic
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September 26, 2014, 08:26:14 PM
 #2293


Nice post from our French friends. Cheesy


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MarcusDe
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September 26, 2014, 08:32:20 PM
 #2294

can any1 post the latest windows 64bit miner plz Smiley

Spexx Beta version here:-

https://www.dropbox.com/s/hiadf8o5u7bsit7/XMGpoolminerWin64.rar?dl=0

There are other versions available (see OP) but this one seems to run the fastest, albeit with limited support for the use multiple threads. If you want to run more than 2 threads, come back to me since there are some tuning instructions which I have yet to compile into a full release version.



Fastest? Let he test it himself:
http://graymines.net/miners/magi/

MarcusDe
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September 26, 2014, 08:45:54 PM
 #2295

And people don't be greedy dicks!

I've released fastest miners few days ago and didn't get any donation at all, even single coin -.-

spatula
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September 26, 2014, 08:53:11 PM
 #2296

And people don't be greedy dicks!

I've released fastest miners few days ago and didn't get any donation at all, even single coin -.-


I haven't even switched to your miner yet, but I appreciate the effort. Here, have 10 coins on behalf of the free loaders.  Grin
111magic
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September 26, 2014, 09:02:09 PM
 #2297

And people don't be greedy dicks!

I've released fastest miners few days ago and didn't get any donation at all, even single coin -.-


I haven't even switched to your miner yet, but I appreciate the effort. Here, have 10 coins on behalf of the free loaders.  Grin
You have MarcusDe right.
Sorry by the hard work we sometimes forget the good things
I send you directly 50 XMG.
Please let me know whether you have received them.
I am glad that such people like you are in the XMG community. Grin


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smoothdoger
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September 26, 2014, 09:02:40 PM
 #2298

I tried to mine coin this but i could not get the miner working.
i tried 3 miners and 2 pools and it just crashes.

then for kicks i checked out the pools hash rates and its botnet city
SamWalters
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September 26, 2014, 09:16:19 PM
 #2299

Maybe you want a block-explorer?

https://bchain.info/XMG/

nice one thank you.

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
111magic
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September 26, 2014, 10:55:56 PM
 #2300

And people don't be greedy dicks!

I've released fastest miners few days ago and didn't get any donation at all, even single coin -.-


I haven't even switched to your miner yet, but I appreciate the effort. Here, have 10 coins on behalf of the free loaders.  Grin
You have MarcusDe right.
Sorry by the hard work we sometimes forget the good things
I send you directly 50 XMG.
Please let me know whether you have received them.
I am glad that such people like you are in the XMG community. Grin

MarcusDe received XMG yet? Or are you sleeping right now?
Don't know the time at your place right now.
If it did not work let me know


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