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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375351 times)
joelao95 (OP)
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Coin of the Magi!


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September 05, 2014, 03:58:40 AM
 #321

New POS-II maybe better than pos- I, when will launch?

I am sorting out things; will announce the plan soon (apologize for many times of saying "soon").


  Coin MAGI  . XMG   
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.CPU Mining   PoS-II   PoM   Unique Block Reward 
111magic
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September 05, 2014, 06:03:20 AM
Last edit: September 05, 2014, 06:20:02 AM by 111magic
 #322


You are transparent with what you're doing.
Developing a unique coin is more difficult than a standard coin.
We look forward to your next post and thanks for the information

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itod
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^ Will code for Bitcoins


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September 05, 2014, 07:17:08 AM
 #323

An interesting thing about M7 is the use of multiplication of hashes. The multiplication is done by using GMP which allows arbitrary precision, only limited by available memory of the machine. This makes me thinking of an interesting feature to add into XMG: we can repeat many times of multiplications which literally increase the memory needed; the memory relies on the repeating times. This repeat is not just to get a pointless dataset to 'eat' memory, instead these 'huge' numbers are hashed by sha256 as the final. One of the consequence is that we can make GPU miner hard to be implemented. So it will be like tending to be a CPU coin, but I don't see any unlikely of GPU miners in the future. Another consequence is it could be memory hard (that also means not energy efficient by mining with GPU, efficiency will depend on the multiplication times), so the CPU/GPU mining could have a higher efficiency ratio compared to the pure M7, though it remains to be confirmed. It will also be possible to use varying multiplication times with time/block height etc to make GPU even harder. I am open to suggestions.

Making the coin CPU only may have it's great advantages. Look at the PrimeCoin how successful it was for a long time, the moment GPU miner was released the coin price went to ashes. People like a fair chance to mine with what they got, and many don't have a fancy GPU cards. PrimeCoin wasn't a PoS coin like Magi, if the PoW phase of the Magi is ended before the GPU miner is produced it may drive the interest and price of the coin high, no other coin has done that.
111magic
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September 05, 2014, 06:34:22 PM
 #324

Good advice! Very nice to see that the Magicoin community thinks and helps to give Magicoin a good and long future.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Ivanech
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September 05, 2014, 07:42:07 PM
 #325

Making the coin CPU only may have it's great advantages.

Indeed, but I know a private GPU miner exist for M7 algo.
joelao95 (OP)
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September 05, 2014, 08:04:20 PM
 #326

An interesting thing about M7 is the use of multiplication of hashes. The multiplication is done by using GMP which allows arbitrary precision, only limited by available memory of the machine. This makes me thinking of an interesting feature to add into XMG: we can repeat many times of multiplications which literally increase the memory needed; the memory relies on the repeating times. This repeat is not just to get a pointless dataset to 'eat' memory, instead these 'huge' numbers are hashed by sha256 as the final. One of the consequence is that we can make GPU miner hard to be implemented. So it will be like tending to be a CPU coin, but I don't see any unlikely of GPU miners in the future. Another consequence is it could be memory hard (that also means not energy efficient by mining with GPU, efficiency will depend on the multiplication times), so the CPU/GPU mining could have a higher efficiency ratio compared to the pure M7, though it remains to be confirmed. It will also be possible to use varying multiplication times with time/block height etc to make GPU even harder. I am open to suggestions.

Making the coin CPU only may have it's great advantages. Look at the PrimeCoin how successful it was for a long time, the moment GPU miner was released the coin price went to ashes. People like a fair chance to mine with what they got, and many don't have a fancy GPU cards. PrimeCoin wasn't a PoS coin like Magi, if the PoW phase of the Magi is ended before the GPU miner is produced it may drive the interest and price of the coin high, no other coin has done that.

Thanks for inputs itod. Now I see another advantage with the CPU coin. Magi will have most of coins to be mined firstly (depending on the diff to ensure fair distribution), and then long-term mining period with much less reward (GPU won't matter much if out in this period). I think we can go this direction.


  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 (OP)
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September 05, 2014, 08:06:30 PM
 #327

Making the coin CPU only may have it's great advantages.

Indeed, but I know a private GPU miner exist for M7 algo.

Is that AMD miner?


  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 (OP)
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September 05, 2014, 08:14:13 PM
 #328

A quick update: the estimate launch date will be around September 11, I will give detail information on Sunday.


  Coin MAGI  . XMG   
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  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
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.CPU Mining   PoS-II   PoM   Unique Block Reward 
111magic
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September 05, 2014, 08:20:26 PM
 #329

Yes !!! Good news dev !!!  Grin Grin Grin Grin
I can hardly wait.

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enerbyte
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September 05, 2014, 09:01:48 PM
 #330

Making the coin CPU only may have it's great advantages.

Indeed, but I know a private GPU miner exist for M7 algo.

Is that AMD miner?

Claymore is working in AMD GPU miner for M7

I had to stop development for two days Sad I will try to release the miner this weekend, though I already see several optimizations that would take more time.
Ivanech
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September 06, 2014, 06:53:53 AM
 #331

A quick update: the estimate launch date will be around September 11, I will give detail information on Sunday.

Good news.

Will be sources available at this date to be able to maintain public mining pool?
111magic
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September 06, 2014, 07:13:24 AM
 #332

I think so! Wink

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111magic
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September 06, 2014, 02:51:42 PM
 #333

New translation: Swedish (by blacksails) https://bitcointalk.org/index.php?topic=771526.0

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joelao95 (OP)
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Coin of the Magi!


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September 06, 2014, 03:17:53 PM
 #334

A quick update: the estimate launch date will be around September 11, I will give detail information on Sunday.

Good news.

Will be sources available at this date to be able to maintain public mining pool?

Yes, the source code will be available at the launch.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
111magic
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September 06, 2014, 06:28:23 PM
Last edit: September 06, 2014, 07:34:12 PM by 111magic
 #335

New: Turkish translation (by Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
We have Magicoin thread now in many different languages​​.
In this way, more readers from Bitcointalk can read the Magicoin thread in their own language.
We do our best to achieve even more translations.


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111magic
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September 06, 2014, 07:34:21 PM
 #336

Follow Magicoin (XMG) on Twitter.
Coin of the Magi
@CoinMagi

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
baby222
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September 06, 2014, 07:37:33 PM
 #337

Follow Magicoin (XMG) on Twitter.
Coin of the Magi
@CoinMagi


在twitter上关注Magicoin (XMG)
Coin of the Magi
@CoinMagi
baby222
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September 06, 2014, 07:41:31 PM
 #338

New: Turkish translation (by Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
We have Magicoin thread now in many different languages​​.
In this way, more readers from Bitcointalk can read the Magicoin thread in their own language.
We do our best to achieve even more translations.



消息: 土耳其翻译 (翻译自 Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
现在我们已经有了多种语言的Magicoin线程.
通过这种方式,更多的人能够通过自己的母语来了解我们的硬币.
我们会尽可能的实现更多语种的翻译.
111magic
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September 06, 2014, 07:51:21 PM
 #339

New: Turkish translation (by Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
We have Magicoin thread now in many different languages​​.
In this way, more readers from Bitcointalk can read the Magicoin thread in their own language.
We do our best to achieve even more translations.



消息: 土耳其翻译 (翻译自 Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
现在我们已经有了多种语言的Magicoin线程.
通过这种方式,更多的人能够通过自己的母语来了解我们的硬币.
我们会尽可能的实现更多语种的翻译.

Thank you for your help Baby222.  Smiley
For me it is very difficult to keep the Chinese Magicoin thread informed. The translation computer often makes mistakes.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
lionheart78
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September 06, 2014, 10:11:51 PM
 #340

New: Turkish translation (by Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
We have Magicoin thread now in many different languages​​.
In this way, more readers from Bitcointalk can read the Magicoin thread in their own language.
We do our best to achieve even more translations.



消息: 土耳其翻译 (翻译自 Professor James Moriarty) https://bitcointalk.org/index.php?topic=771373.0
现在我们已经有了多种语言的Magicoin线程.
通过这种方式,更多的人能够通过自己的母语来了解我们的硬币.
我们会尽可能的实现更多语种的翻译.

Thank you for your help Baby222.  Smiley
For me it is very difficult to keep the Chinese Magicoin thread informed. The translation computer often makes mistakes.

^^, great to see you really are taking care of ths thread 111magic XD; anyway will try to help with spreading words about the incoming launch and of the coin ^^

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