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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1536026 times)
Lightsplasher
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October 09, 2014, 01:17:57 AM
 #2701

How is nethashrate so high now..

I think PoS (or PoS-II ?) drives it up because the block time needs to be maintained.  Blocks need to be formed less often or the coin will turn into a 30 second block time coin so difficulty for both PoW and PoS raises.  It is really a good thing because the higher the nethashrate the more secure the coin is in theory.

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evilmuffinman
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October 09, 2014, 01:49:45 AM
 #2702


Quote

evilmuffinman, thanks for this great support to XMG, you are our 1st merchant Smiley Here is the marketplace forum in case you want to make a post there too:

https://bitcointalk.org/index.php?board=161.0

Will do thanks  Grin
joelao95
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October 09, 2014, 03:14:38 AM
 #2703

How is nethashrate so high now..

I think PoS (or PoS-II ?) drives it up because the block time needs to be maintained.  Blocks need to be formed less often or the coin will turn into a 30 second block time coin so difficulty for both PoW and PoS raises.  It is really a good thing because the higher the nethashrate the more secure the coin is in theory.

The "netmhashps" actually gives the right info which is the PoW network hashrate.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
Lightsplasher
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October 09, 2014, 03:42:39 AM
 #2704

Great, I received my first 0.78 XMG for mining/staking. It says it will take 118 blocks to become confirmed.
Staking is superb!  Cheesy

I haven't got anything from PoS yet but it looks like things are working wonderfully.  Net hashrate is much higher and PoW block generation is slowing.  Nice, very happy!   Smiley

Small bug: it looks like the minting information is not updating when the mouse hovers over the mining icon.  (it always reports the same stake weight, network weight and time for reward)

It may take time depending on blocks; can you see now it is updated?

It has reported the same information since I opened the wallet this morning, maybe it will change if I mint a block, I'll keep an eye on it.

Oh boy got my first PoS-II block minted!  Smiley  The minting information seen from hovering with the mouse eventually does seem to change but it takes a long time and I'm wondering if it should more closely match the information from getmininginfo in the debug window (netstakeweight stakeweight)??

joelao95
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October 09, 2014, 03:47:38 AM
 #2705

Hi guys. Please list XMG/CoinMagi on the new CoinBlab crypto social network: http://coinblab.com

Here is an example page: http://coinblab.com/page/dogecoin

CoinBlab also has groups, events, blogs, and IM! Also create an account and secure your username first too!

Please add M7M algo.


  Coin MAGI  . XMG   
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  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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October 09, 2014, 03:52:02 AM
 #2706

Great, I received my first 0.78 XMG for mining/staking. It says it will take 118 blocks to become confirmed.
Staking is superb!  Cheesy

I haven't got anything from PoS yet but it looks like things are working wonderfully.  Net hashrate is much higher and PoW block generation is slowing.  Nice, very happy!   Smiley

Small bug: it looks like the minting information is not updating when the mouse hovers over the mining icon.  (it always reports the same stake weight, network weight and time for reward)

It may take time depending on blocks; can you see now it is updated?

It has reported the same information since I opened the wallet this morning, maybe it will change if I mint a block, I'll keep an eye on it.

Oh boy got my first PoS-II block minted!  Smiley  The minting information seen from hovering with the mouse eventually does seem to change but it takes a long time and I'm wondering if it should more closely match the information from getmininginfo in the debug window (netstakeweight stakeweight)??

Congrats; will check out the network weight info.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
evilmuffinman
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October 09, 2014, 03:56:53 AM
 #2707


This is my day job, wanted to offer my services to anyone who needs it at a huge discount compared to a USD architect. Doing this to support the coin, will also donate 5% of every sale to MagiFunds

Send me a message to work out the details of course.


evilmuffinman, thanks for this great support to XMG, you are our 1st merchant Smiley Here is the marketplace forum in case you want to make a post there too:

https://bitcointalk.org/index.php?board=161.0

Ok made a site real quick, will add more info to it.
Also thanks to the developer we will set up an escrow account where he will hold the coins.

https://sites.google.com/site/blueprintenhancementservice

SamWalters
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October 09, 2014, 04:22:16 AM
 #2708

well done! This is a great start!


This is my day job, wanted to offer my services to anyone who needs it at a huge discount compared to a USD architect. Doing this to support the coin, will also donate 5% of every sale to MagiFunds

Send me a message to work out the details of course.


evilmuffinman, thanks for this great support to XMG, you are our 1st merchant Smiley Here is the marketplace forum in case you want to make a post there too:

https://bitcointalk.org/index.php?board=161.0

Ok made a site real quick, will add more info to it.
Also thanks to the developer we will set up an escrow account where he will hold the coins.

https://sites.google.com/site/blueprintenhancementservice



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
SamWalters
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October 09, 2014, 04:49:48 AM
 #2709

awesome stats today; lets get in the top 100 so that this coin will be spotlight;
since its very community based and allows more miners to earn together.. http://coinmarketcap.com/currencies/magi/


This is why we should spread the word; every miner needs to bring in at least 5 people they know to mine magi XMG


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
The Frisian
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October 09, 2014, 05:23:56 AM
 #2710

Wallet keeps syncing....
SamWalters
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October 09, 2014, 05:54:37 AM
 #2711

Wallet keeps syncing....

Try deleting all files (except for wallet.dat and .conf) from the %appdata%\Roaming\Magi folder

Then relaunch wallet

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
The Frisian
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October 09, 2014, 07:16:52 AM
 #2712

Wallet keeps syncing....

Try deleting all files (except for wallet.dat and .conf) from the %appdata%\Roaming\Magi folder

Then relaunch wallet

Why should this help?
I think it starts again after an hour or so because of staking.
111magic
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October 09, 2014, 08:39:20 AM
 #2713

Could be because of the staking.
Check out this:
http://bitcoingarden.tk/forum/index.php?topic=1398.0
 Wink


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 14eLeLUHi8sSt4u7aQK8qxpzizPjL9LV7Y
RonMank
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October 09, 2014, 09:23:40 AM
 #2714

What did I miss? Did PoS-II kick in yet?

111magic
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October 09, 2014, 09:35:24 AM
 #2715

What did I miss? Did PoS-II kick in yet?
Yes i did.
Start your wallet! Wink


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 14eLeLUHi8sSt4u7aQK8qxpzizPjL9LV7Y
RonMank
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October 09, 2014, 09:41:59 AM
 #2716

What did I miss? Did PoS-II kick in yet?
Yes i did.
Start your wallet! Wink

Thank you. Do you know if there is a recommended amount of coins to leave in the wallet for staking?  Should we aim for 1000 XMG staking per wallet? I plan to utilize a few old machines and newer VPS and PCs and split up my staking ratio. Off course, I don't have 1000 XMG for each one, so I would need to obtain 5000+ some how to get this done. I am just curious what could happen if we split up in different stake modes?

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October 09, 2014, 09:45:54 AM
 #2717

Wallet keep syncing after restart and few hours..

NeuroticFish
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October 09, 2014, 09:56:57 AM
 #2718

"Expected time to earn rewards is 1h". It's writing that for at least 3h now... is it a bug?

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Bojcha
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October 09, 2014, 10:03:30 AM
 #2719

here is mine 3..

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October 09, 2014, 10:43:08 AM
 #2720

"Expected time to earn rewards is 1h". It's writing that for at least 3h now... is it a bug?

I don't think its a bug because it happened with me too. I didn't have syncing issues though as others may have indicated.  I'll ask Sam when he gets back online to see if he knows about this. He's got some experience with PoS than myself. I've only played around with PoS on one occasion, and this would be the second; except this is more exciting than just a simple POS coin, as the PoS Stage #2 is interesting to me, as well as, the fact that its a hybrid of the equilibrium rewards system that developer has came up with in its new algo m7m.

Pretty impressed if you ask me. I think more speculators will hear about this, and see its stability of the long term goals. I will report my results soon.

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