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

[Iame3]

I haven't found an understandable answer for me yet on POS.

If I leave my wallet open for staking during the day, but close it at night when I turn off my PC, am I just wasting my time?  Does the staking reset to zero and I am starting over when I reopen in the morning?

Better keep the wallet online, unfortunately coin age is not stopping to count when you turn off your pc, but I think it could be good feature. But as you see the dev is sleeping or smth.

Well, I'm willing to keep my wallet open to support the network while my computer is normally on, but I won't do it at night when it is normally turned off just to make next to nothing in xmg through staking.  Maybe a dev could comment on this?

You can buy cheap SoC and stake with it (they usually have no fans, means no noise, and consuming few watts), just good idea to move filesystem to some external HDD, because microsd cards don't like many rewrites. You can buy Orange pi set on aliexpress for ~15€. I have Orange pi pc, great thing to watch movies in HD format, or even 4k.

[1715649317]

1715649317

[1715649317]

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[1715649317]

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[tazzz013]

Not to mentioned the issue with Magi needs to be fixed as we all are loosing Starmman

What exactly you are losing? How much XMG you loosed in past 24H?

We all lose because of the Devs and your attacks.  I have made 2 xmg in 4 days.  How much did you make.  

337294    2018-05-01 12:15:08    Fee    Orphaned          1799320    0.00511193
337293    2018-05-01 12:15:08    Credit    Orphaned          1799320    1.02238518
337202    2018-05-01 11:49:07    Fee    Orphaned          1799267    0.00495711
337201    2018-05-01 11:49:07    Credit    Orphaned          1799267    0.99142283
337187    2018-05-01 11:41:16    Fee    Orphaned          1799253    0.20108925
337186    2018-05-01 11:41:16    Credit    Orphaned          1799253    40.21785000
337098    2018-05-01 11:41:09    Fee    Orphaned          1799252    0.00419811
337097    2018-05-01 11:41:09    Credit    Orphaned          1799252    0.83962109
336946    2018-05-01 11:20:24    Fee    Orphaned          1799188    0.00464854
336945    2018-05-01 11:20:24    Credit    Orphaned          1799188    0.92970717
336846    2018-05-01 11:11:05    Fee    Orphaned          1799191    0.00548367
336845    2018-05-01 11:11:05    Credit    Orphaned          1799191    1.09673316
336826    2018-05-01 11:02:26    Fee    Orphaned          1799170    0.20108925
336825    2018-05-01 11:02:26    Credit    Orphaned          1799170    40.21785000
336723    2018-05-01 11:02:09    Fee    Orphaned          1799165    0.00481948
336722    2018-05-01 11:02:09    Credit    Orphaned          1799165    0.96389561
336621    2018-05-01 10:25:07    Fee    Orphaned          1799108    0.00404335
336620    2018-05-01 10:25:07    Credit    Orphaned          1799108    0.80866991
336516    2018-05-01 10:02:06    Fee    Orphaned          1799030    0.00573155
336515    2018-05-01 10:02:06    Credit    Orphaned          1799030    1.14631015
336492    2018-05-01 09:57:24    Fee    Orphaned          1799008    0.00161226
336491    2018-05-01 09:57:24    Credit    Orphaned          1799008    0.32245190
336398    2018-05-01 09:57:16    Fee    Orphaned          1799007    0.00042946
336397    2018-05-01 09:57:16    Credit    Orphaned          1799007    0.08589260
336306    2018-05-01 09:33:12    Fee    Orphaned          1798980    0.00009026
336305    2018-05-01 09:33:12    Credit    Orphaned          1798980    0.01805255

[Vitalik_Pedik]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

[Vitalik_Pedik]

https://i.imgur.com/mzulfyv.gif

[tazzz013]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

[Vitalik_Pedik]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You should not care about my income. It is not your deal.
And how much XMG did you lose, you think? You made 2 xmg in 4 days, how much should it be?

[tazzz013]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You should not care about my income. It is not your deal.
And how much XMG did you lose, you think? You made 2 xmg in 4 days, how much should it be?

Thought it was a fair question to ask.  You have been upfront with every thing else. 

On average, depending on pool, status of network, etc...  4-8 xmg per day.  Using 2 rigs with 5 RPI's each. 

[The Doktor]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You've been helped by the attacks. Before attacks started I was getting 1-2 coins/day with 1Mh. Vitalik is not taking coins from anybody's wallet, he is just grabbing lots of coins for himself, and we are all getting a lot more coins as well. Over the last 4 weeks, Iv'e averaged 23.5 coins/day Thank you very much, Vitalik_Pedik!

[Vitalik_Pedik]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You've been helped by the attacks. Before attacks started I was getting 1-2 coins/day with 1Mh. Vitalik is not taking coins from anybody's wallet, he is just grabbing lots of coins for himself, and we are all getting a lot more coins as well. Over the last 4 weeks, Iv'e averaged 23.5 coins/day Thank you very much, Vitalik_Pedik!

And wait for 30-60 min, I will post a second big proof of it.

[The Doktor]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You should not care about my income. It is not your deal.
And how much XMG did you lose, you think? You made 2 xmg in 4 days, how much should it be?

Thought it was a fair question to ask.  You have been upfront with every thing else. 

On average, depending on pool, status of network, etc...  4-8 xmg per day.  Using 2 rigs with 5 RPI's each. 

4-8 XMG/day with 10 RPIs? That was a long time ago my friend.

[hemidart]

I haven't found an understandable answer for me yet on POS.

If I leave my wallet open for staking during the day, but close it at night when I turn off my PC, am I just wasting my time?  Does the staking reset to zero and I am starting over when I reopen in the morning?

Better keep the wallet online, unfortunately coin age is not stopping to count when you turn off your pc, but I think it could be good feature. But as you see the dev is sleeping or smth.

Well, I'm willing to keep my wallet open to support the network while my computer is normally on, but I won't do it at night when it is normally turned off just to make next to nothing in xmg through staking.  Maybe a dev could comment on this?

You can buy cheap SoC and stake with it (they usually have no fans, means no noise, and consuming few watts), just good idea to move filesystem to some external HDD, because microsd cards don't like many rewrites. You can buy Orange pi set on aliexpress for ~15€. I have Orange pi pc, great thing to watch movies in HD format, or even 4k.

Ok, I think I will try a Raspberry Pi wallet.

But to answer my original question, am I completely wasting my time with an open wallet not 24 hrs per day?  Do I lose all my accumulated staking time every night my PC is off?

[tazzz013]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You've been helped by the attacks. Before attacks started I was getting 1-2 coins/day with 1Mh. Vitalik is not taking coins from anybody's wallet, he is just grabbing lots of coins for himself, and we are all getting a lot more coins as well. Over the last 4 weeks, Iv'e averaged 23.5 coins/day Thank you very much, Vitalik_Pedik!

I never said in any post he was"taking coins for wallets" , just so thats understood!   If your getting 23.5 per day, profit for you.  Explain how cuz I would love that return.

[Vitalik_Pedik]

Calculation for 200Kh/s power in not a long time past
For example, I picked random 5 days period in past without my activity (19.03 - 23.03)
https://i.imgur.com/YdUHZ3r.png
We see avg day values in that period:
Diff = 6,71
Total Net MH/s = 130 (calculated from diff, may mistake a little)
Total POW mined XMG = 300

Those values give avg income per day = 0,46 XMG (300 / 130 * 0.2)
4 days = about 2 XMG

Back to nowdays
tazzz013, your mining result must be atleast 1XMG per day (because of my actions), all you need to do is stay on big pool, not jump between them (minerclaim for example)
And the reason why current POW result of each miner must higher than past here:

Graphic explanation of reason why all POW miners must jump in a frenzy and pray with love when see starting orphan block period:

https://i.imgur.com/IgaNZWP.png

If you not understand it, nothing will help to you)

And about devaluation
I am add 0.06% avg to moneysupply every day. It is not so much in fact that soon dev will fix it.

[The Doktor]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You've been helped by the attacks. Before attacks started I was getting 1-2 coins/day with 1Mh. Vitalik is not taking coins from anybody's wallet, he is just grabbing lots of coins for himself, and we are all getting a lot more coins as well. Over the last 4 weeks, Iv'e averaged 23.5 coins/day Thank you very much, Vitalik_Pedik!

I never said in any post he was"taking coins for wallets" , just so thats understood!   If your getting 23.5 per day, profit for you.  Explain how cuz I would love that return.

I don't think anyone has accused him of stealing coins directly from peoples wallets. But some do call him a thief. A thief takes property that belongs to someone else. He is not doing that. He has taken a flaw in the Magi client and basically used it to build himself a better miner. Maybe not 100% fair, but certainly not theft. I actually respect his effort. And I'll respect the developer's effort to patch the flaw.

That 23.5 is an average over 28 days, some days it's under 1, 1 day it was over 160! No tricks here, just solo mining at 1Mh. Software is XMGpoolminerWin64 (m-minerd.exe), hardware is 9 dumpster class servers with 2 6-core AMD Opteron 2431 CPUs (2.4 GHz) each. Total power is ~1.8KW.

[Vitalik_Pedik]

I don't think anyone has accused him of stealing coins directly from peoples wallets. But some do call him a thief. A thief takes property that belongs to someone else. He is not doing that. He has taken a flaw in the Magi client and basically used it to build himself a better miner. Maybe not 100% fair, but certainly not theft. I actually respect his effort. And I'll respect the developer's effort to patch the flaw.

That 23.5 is an average over 28 days, some days it's under 1, 1 day it was over 160! No tricks here, just solo mining at 1Mh. Software is XMGpoolminerWin64 (m-minerd.exe), hardware is 9 dumpster class servers with 2 6-core AMD Opteron 2431 CPUs (2.4 GHz) each. Total power is ~1.8KW.

I will not advice to solo mine exactly in current time, because chance to cacth BIG blocks in 2h period when they awailable is small. But minerclaim pool mine those blocks. Sometimes botnets release the net and those BIG blocks became awailable without me, howbeit.

[tazzz013]

Calculation for 200Kh/s power in not a long time past
For example, I picked random 5 days period in past without my activity (19.03 - 23.03)
https://i.imgur.com/YdUHZ3r.png
We see avg day values in that period:
Diff = 6,71
Total Net MH/s = 130 (calculated from diff, may mistake a little)
Total POW mined XMG = 300

Those values give avg income per day = 0,46 XMG (300 / 130 * 0.2)
4 days = about 2 XMG

Back to nowdays
tazzz013, your mining result must be atleast 1XMG per day (because of my actions), all you need to do is stay on big pool, not jump between them (minerclaim for example)
And the reason why current POW result of each miner must higher than past here:

Graphic explanation of reason why all POW miners must jump in a frenzy and pray with love when see starting orphan block period:

https://i.imgur.com/IgaNZWP.png


If you not understand it, nothing will help to you)

And about devaluation
I am add 0.06% avg to moneysupply every day. It is not so much in fact that soon dev will fix it.

Thanks for explaining  Problem with Minerclaim is my has rates jump all over the place. never consant

[InvalidUsername]

I don't think anyone has accused him of stealing coins directly from peoples wallets. But some do call him a thief. A thief takes property that belongs to someone else. He is not doing that. He has taken a flaw in the Magi client and basically used it to build himself a better miner. Maybe not 100% fair, but certainly not theft. I actually respect his effort. And I'll respect the developer's effort to patch the flaw.

That 23.5 is an average over 28 days, some days it's under 1, 1 day it was over 160! No tricks here, just solo mining at 1Mh. Software is XMGpoolminerWin64 (m-minerd.exe), hardware is 9 dumpster class servers with 2 6-core AMD Opteron 2431 CPUs (2.4 GHz) each. Total power is ~1.8KW.

I am curious about one thing though. The revenue lost, if any, by the pools due to inflated payouts.

For example, an individual has an automatic payout at 1 xmg on minerclaim. That is subject to a fee of 0.05 xmg. Because of "inflation" they are consistently receiving 2+ xmg before the payout occurs.

The cost of wasted bandwidth due to orphan blocks which, depending on the pool (as there are more than just minerclaim)...

The amount of money and/or alternative cryptocurrencies paid out by various exchanges for what could be considered (and has been called) counterfeit coins...

So the term "thief" could apply, albeit loosely.

[jonathin.r]

I have made 2 xmg in 4 days.  How much did you make.  

All orphans are created by me, as I said before, forget about orphans.
What is your hashrate? And pool?
And how much XMG did you lose, you think?

Hashrate is 200 KH/s   Was on Suprnova until he shut the pool down.  Been using different pools.

i'm sure you could figure out how much since your attack started.

Now my question,  how much have you made?

 

You've been helped by the attacks. Before attacks started I was getting 1-2 coins/day with 1Mh. Vitalik is not taking coins from anybody's wallet, he is just grabbing lots of coins for himself, and we are all getting a lot more coins as well. Over the last 4 weeks, Iv'e averaged 23.5 coins/day Thank you very much, Vitalik_Pedik!

Yes, blocking out everyone's miners by creating orphaned blocks while he solo mines at just over 40xmg a block isn't stealing. (/sarcasm)

While you are correct about him not stealing money from people's wallets, you're wrong because he's taking money from people who would've been able to legitimately mine those coins. Sure, after the orphaned blocks, whales who mine at over 1,000 KH/S make more XMG, but for people like myself who mine at anywhere between 35-75 KH/s, there is not a significant increase in profit. It's not a great exploit for everyone if only 5% of the community benefit from it. The fact of the matter is that he's making 40.21785 XMG a block while orphaning blocks. If you're only looking at it from a "I can make more money off of this terrible thing this person is doing, fuck the viability of the coin itself!" standpoint, then you're just as bad as the person doing said terrible thing.

[jonathin.r]

Calculation for 200Kh/s power in not a long time past
For example, I picked random 5 days period in past without my activity (19.03 - 23.03)

We see avg day values in that period:
Diff = 6,71
Total Net MH/s = 130 (calculated from diff, may mistake a little)
Total POW mined XMG = 300

Those values give avg income per day = 0,46 XMG (300 / 130 * 0.2)
4 days = about 2 XMG

Back to nowdays
tazzz013, your mining result must be atleast 1XMG per day (because of my actions), all you need to do is stay on big pool, not jump between them (minerclaim for example)
And the reason why current POW result of each miner must higher than past here:

Graphic explanation of reason why all POW miners must jump in a frenzy and pray with love when see starting orphan block period:



If you not understand it, nothing will help to you)

And about devaluation
I am add 0.06% avg to moneysupply every day. It is not so much in fact that soon dev will fix it.

Stop waving around that stupid Excel Spreadsheet picture like it's evidence. There is no solid evidence backing your claims.
If you refuse to understand the evidence that we have been obtaining from reputable sources (unlike yours), then "nothing will help to you".

[DatsunPatrol]

Sure, after the orphaned blocks, whales who mine at over 1,000 KH/S make more XMG, but for people like myself who mine at anywhere between 35-75 KH/s, there is not a significant increase in profit. It's not a great exploit for everyone if only 5% of the community benefit from it.

This is what everybody who thinks this is beneficial needs to understand. If you can dump a bunch of hash at it then you are probably coming out ahead. If you have only a modest hashrate then you aren't.

I am interested in having a technical conversation about how the block reward calculation is supposed to work when the network is healthy. The way that this coin can grow and succeed is if modest hashrate devices are incentivized and large hashrate devices are disincentivized.

So is the block reward set based on the global hashrate or is it set based on the individual hashrate of the device that solves the previous block? I think the ideal way that the coin SHOULD work is like this: a low hashrate device such as a raspberry pi solves a block --> the block reward goes up. a high hashrate device solves a block --> the block reward goes down.

Can someone with more technical knowledge of the coin let me know if that is true? Is the reward adjustment for the current block or does it change for the following block?