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

[joelao95]

looking at the rich list, I must admit I am very skeptical about coin future if that 1M of xmg remains...
It would be good to have weekly update on what getting swapped and when the remaining will start to get destroy.

Because of the new swap ratio, I think destruction of the coin should start.
Also can you tell how much coin will be distributed through the PoM

It'll be sure that we will burn most of coins. So far,  68,714 XMG has been been swapped, total mined XMG is 929,054, so coins swapped is 6.9% of all of coins in circulation (swap+mined). The discussion with Polo going on is about holding all of swap coins by them and the swap process. About 1.1M XMG (all of coins in the top of rich list) will be handed over. Once the plan is confirmed, we will decide how much to be burned.

There will be 112,505 XMG available for PoM, and each participant will receive about 1000 XMG according to the number of participants so far.

To all others, there is still a chance to participate; read the post for more info:

https://bitcointalk.org/index.php?topic=802681.0
Sign up here: https://docs.google.com/forms/d/1c8tmugKbUoU36G6AFwOy-syaAUdPvnzRSfMqtKulBC0/viewform?usp=send_form

Participant list:
https://docs.google.com/spreadsheets/d/1gidr25D6TLgfU0R0RGdRUAhWyVxWBtn9tuxZQgFqNxE/edit?usp=sharing

Hello everyone. How do I get listed? and submit the form. regards

Follow this:
https://docs.google.com/spreadsheets/d/1gidr25D6TLgfU0R0RGdRUAhWyVxWBtn9tuxZQgFqNxE/edit?usp=sharing

Are you mining?

[joelao95]

A multipool isn't a good idea... the coin is hard to mine, and that's part of its identity, so if you get more coin through the multipool,
it will kill the coin network as nobody will continue to mine it through the standard channel (and PoS interest aren't really attractive for that coin...).
People want xmg and don't want to mine xmg, then there is exchange, they can sell their mined darkcoin for xmg if they want.
No need for a multipool, not mentionning that how the pool operator convert between coin is always very obscure.

multipool are not coin friendly in general, and multipool for pos coin never really worked either (except may-be for blackcoin), and the "automatic" one are operated by multipool which in general aren't even profitable for the real coin they mine (and gives you payment only if you reach certain btc value you can't even reach within a week)

DJM, you have valid points about the multipool, though what actually happens will be way different. Multipool won't conflict with the regular pool mining, since the former operates through GPU, while the latter is for CPU mining. One can mine both using GPU and CPU at the same time. What I can see in the final is nearly the same XMG earnings through multipool and regular pool mining. This is pretty much like trading of XMG associated with different currencies; ideally the difference between different currency pairs will be eliminated by the market.

A simple thinking as to how thing gets evolved: provided multipool gives higher amount  of XMG earnings, and that causes people move their mining tools pointing to multipool. Two results gonna happen: 1) XMG price rises because of multpool buying from the market, 2) regular mining earnings per person rise. Price rising will make people tend to hold coins rather than selling; price rising also cause less earnings from multipool. At some point, XMG price will be way high such that mining multipool won't be profitable compared with mining with regular pools. In either case, multipools support the price to a certain degree.

I think the "hidden" fact you mentioned might be something that we should worry about, but guess that will be case dependent.

[darzhel]

looking at the rich list, I must admit I am very skeptical about coin future if that 1M of xmg remains...
It would be good to have weekly update on what getting swapped and when the remaining will start to get destroy.

Because of the new swap ratio, I think destruction of the coin should start.
Also can you tell how much coin will be distributed through the PoM

It'll be sure that we will burn most of coins. So far,  68,714 XMG has been been swapped, total mined XMG is 929,054, so coins swapped is 6.9% of all of coins in circulation (swap+mined). The discussion with Polo going on is about holding all of swap coins by them and the swap process. About 1.1M XMG (all of coins in the top of rich list) will be handed over. Once the plan is confirmed, we will decide how much to be burned.

There will be 112,505 XMG available for PoM, and each participant will receive about 1000 XMG according to the number of participants so far.

To all others, there is still a chance to participate; read the post for more info:

https://bitcointalk.org/index.php?topic=802681.0
Sign up here: https://docs.google.com/forms/d/1c8tmugKbUoU36G6AFwOy-syaAUdPvnzRSfMqtKulBC0/viewform?usp=send_form

Participant list:
https://docs.google.com/spreadsheets/d/1gidr25D6TLgfU0R0RGdRUAhWyVxWBtn9tuxZQgFqNxE/edit?usp=sharing

Hello everyone. How do I get listed? and submit the form. regards

Follow this:
https://docs.google.com/spreadsheets/d/1gidr25D6TLgfU0R0RGdRUAhWyVxWBtn9tuxZQgFqNxE/edit?usp=sharing

Are you mining?

Yes, I am currently mining.


Sign up here: https://docs.google.com/forms/d/1c8tmugKbUoU36G6AFwOy-syaAUdPvnzRSfMqtKulBC0/viewform?usp=send_form

I signed up and fill out the link you left on the previous topic

[111magic]

Nice update OP!

[JimmyTaylor]

 

I'm ok with low interest on this coin. Plus its a hybrid.

The question is: What makes XMG unique? What's the value, the unique feature that makes it better than other coins? We mostly spoke about the CPU mineable thing. That's cool for miners, but we need to explain the non-mining people, why they should invest in XMG, how we will increase the value.

The last sentence is absolutely the key.

Do you have a list or graphic for that? I'm gonna do some research, finding blogs, websites that might want to write about XMG.

We will work on that and may get a written article which can be a template for press to be published. Writer can get it revised with their own styles, but the idea will be what you mentioned

Additionally I'm doing some research and brainstorming finding more promo ideas. Already have some ideas in my mind but not a finished concept.
We still should know who in this community can help developing tools, features, ads (programming skills, no matter what language; doing graphics, videos).

We have few coders around; basically we can decide the task and then ask around. The bottom line is to offer bounty or pay for that to get it done. So the next things will be a roadmap to get the things sorted out, then we will have a clear idea about what to be working on.

Also, like I suggested before, you might want to think about increasing the PoS rate.

- At Bter I can deposit my coins and get (only for some coins) a daily interest payment https://bter.com/myaccount/interest
- I mentioned a thread at bitcointalk called High Pos Journal. They are not interested in XMG due to too low %

My feeling is that high rate PoS might not be a good option to go, though I don't have solid evidence against that. High rate will trigger short-term interests for sure, but for the long run, generating high amount of coins will be more like hardware mining, people will dump when time comes. In particular price dropping is a reasonable sign for dumping, and that could likely ruins a coin. I can see PoS coins in the top list of coinmarketcap are with relative low interest rate (like BC, VRC, let me know if I missed high PoS ones). Either way, PoS is on my list to look into, will need to check staking vs mining and look into stuffs to get enhanced version of PoS-II.

Your feeling is absolutely right. Good pos coin must be low interest,because low interest has good flowability. In FIAT,US dollar is the best currency(it has low interest).  High interest= scam.  In my opinion, 5% is a little high, 1%-3% is a good option. If a cryptocoin exceeds 5% pos interest, i just walk away.

Plus, I want to say some thing about the exchange:
my favorite bitcoin exchange is okcoin,my favorite altcoin exchange is mintpal(before shit moohpay has taken over),not other things,just because they have good ui. Recently i just realize my third favorite exchange is cryptoine, because it also has good ui and keeps optimizing itself, it reminds me the former mintpal, it's a new exchange, a lot of people just don't know it. Good things always take time. Magi coin already has a good start.

[111magic]

Want to try this simple jackpot lottery?..

http://lotto.ddns.net/magilotto/

Nice idea!!
Magi jackpot!

BTW i like this exchange too.
Maybe its something for Magi.
https://www.bitspark.io/

What do you guys think?

[JimmyTaylor]

I missed this update thanks for the reminder

Shameless repost just in case anybody missed it. There is so much activity on here!

NEW SOFTWARE RELEASE

Windows 64 bit miners

I have released my new generic 64 bit Windows minerd. Benefits include:-

Seven percent higher hashrate than previous generic version.
Greater stability.
Only three required DLLs.
Full multi-thread support (i.e. -t [n] or --threads=[n] where n = any number you want).
Runs on any CPU that supports 64 bit Windows.
Can be used for stratum pool mining (Suprnova and Noncepool) or solo mining with the wallet.

I have updated my full package (which includes the automine.bat "wrapper") on the same links as before:-

Windows 64 bit .rar https://www.dropbox.com/s/hiadf8o5u7bsit7/XMGpoolminerWin64.rar?dl=0

Windows 64 bit self-extracting .exe ?dl=0

I have added a zip file version as well for those that do not have a .rar unzipper:-

Windows 64 bit .zip https://www.dropbox.com/s/6hmlajdp0qgmcfi/XMGpoolminerWin64.zip?dl=0

If you just want to update your minerd and do not need anything else, you can find the collection of binaries (four files) here:-

Windows 64 bit .rar https://www.dropbox.com/s/q8puq9w6uc240mx/Spexx-Win64-generic-XMGminerd.rar?dl=0

Windows 64 bit .zip https://www.dropbox.com/s/o8i726sxnwe2wxa/Spexx-Win64-generic-XMGminerd.zip?dl=0

Please report your experiences with this new minerd, good, bad or indifferent, on this forum thread please. If you are one of those nice people who appreciates all the time and effort that went into producing this FREE software for you and this community, please consider making a modest donation of XMG coins to me at XMG: 9EQ342ssXSxmpDURs6XNxAajB14DQzJDNX - thanks in advance for your generosity

Happy Hashing

[ex33s]

Want to try this simple jackpot lottery?..

http://lotto.ddns.net/magilotto/

Nice idea!!
Magi jackpot!

BTW i like this exchange too.
Maybe its something for Magi.
https://www.bitspark.io/

What do you guys think?

https://www.bitspark.io/ looks nice, registered an account there.
But I don't see why they shouldn't add magi to the exchange.

[Spexx]

XMG mining software for Windows

Here is a comprehensive list for my Windows versions.

Windows 64 bit

Full packages:-

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

.zip https://www.dropbox.com/s/6hmlajdp0qgmcfi/XMGpoolminerWin64.zip?dl=0

self-extracting .exe (extracts to C:\XMGminer by default) https://www.dropbox.com/s/dw7yjssjrrqp0m1/XMGpoolminerWin64.exe?dl=0

Minerd binaries only:-

.rar https://www.dropbox.com/s/q8puq9w6uc240mx/Spexx-Win64-generic-XMGminerd.rar?dl=0

.zip https://www.dropbox.com/s/o8i726sxnwe2wxa/Spexx-Win64-generic-XMGminerd.zip?dl=0

self-extracting .exe (extracts to C:\XMGminer by default) https://www.dropbox.com/s/uudj2npeyixesjb/Spexx-Win64-generic-XMGminerd.exe?dl=0

Windows 32 bit (new release today)

Full packages:-

.rar https://www.dropbox.com/s/dii8cvz7lp8xuey/XMGpoolminerWin32.rar?dl=0

.zip https://www.dropbox.com/s/rwb4xvkv15kpol1/XMGpoolminerWin32.zip?dl=0

self-extracting .exe (extracts to C:\XMGminer\32bit by default) https://www.dropbox.com/s/qlak24sxn6ookaz/XMGpoolminerWin32.exe?dl=0

Minerd binaries only:-

.rar https://www.dropbox.com/s/5nikel2wglhpsrk/Spexx-Win32-generic-XMGminerd.rar?dl=0

.zip https://www.dropbox.com/s/ti8rnetlqmin4t1/Spexx-Win32-generic-XMGminerd.zip?dl=0

self-extracting .exe (extracts to C:\XMGminer\32bit by default) https://www.dropbox.com/s/z8mjcrxavgnfalu/Spexx-Win32-generic-XMGminerd.exe?dl=0

Please refer to this earlier post https://bitcointalk.org/index.php?topic=735170.msg9285948#msg9285948 for some details about the full package versions. The package includes some Windows batch file "wrappers" and a Setup.bat file to help you get up and running.

Please also refer to these later posts for updates:
https://bitcointalk.org/index.php?topic=735170.msg9732786#msg9732786
https://bitcointalk.org/index.php?topic=735170.msg10712548#msg10712548

Now here's something for you

The new 64 bit minerd was compiled with a build of MSYS/Mingw64 which was put together especially for the task of compiling this one program. I am very pleased with the results. If you can compile a Windows 64 bit minerd.exe for XMG which will:-

A) run on any CPU that supports 64 bit Windows and
B) works perfectly with multiple threads and
C) works perfectly with the wallet and
D) works perfectly with stratum pools Suprnova and Noncepool and
E) gives a consistently higher hashrate than this one then

I will:-

A) eat my hat and
B) pay a bounty of at least 100 XMG to you. More if you can make me very impressed indeed.

This will be won by the first person to do so, provided that the software is made available to the community openly, for free and with no license restrictions whatsoever. To qualify, the software must be compiled from the source at https://github.com/noncepool/m7magi-cpuminer-v2.

This offer will stand open for as long as the current XMG hashing algorithm (v2) remains live.

If the source code is updated at any time from now, then I reserve the right to demand that you will have to compete against a newer minerd compiled by me with the same compiler as my current minerd. I think that is a fair point.

All decisions will be made by me and will be final, but fair.

Now there is a challenge for you. Go ahead. Make my day.

Happy Hashing

Update: This bounty was never won, but Wolf0 produced a radically redesigned miner which blew the socks off everything before it. Thus, I sent him the 100 XMG as an ex-gratia payment, because I was very impressed indeed. Current miners are based on his code, with further optimizations by our Dev. My compilation for Windows is currently the fastest, so this informal competition is still open. See if you can compile one that runs faster.

[echo00114]

hello
i try tor wallet but not working perfectly

not sync the wallet i see some time 2 connection and nothing happen

how put the connections ? i create mgi.conf its correct ?

my wallet download 7432 block and stop.

of course i only put the data dir wallet.dat and magi.conf

some idea ? i use win7 x64
thanx

I will be checking, try relaunch the wallet too.
Nodes:

Code:

connect=nb57fbprx2pstey5.onion
connect=efgnprvedrxxot7l.onion
connect=mwjrcnqk6oj4s3qn.onion
connect=w7z5pnnpa377fovn.onion
connect=qpv345rnosrrfjwc.onion

hello
i try again
i start block download from begining again also low connection one red line max 3 connect
42163 blk downloaded and stop
so i back old wallet i try tomorrow again. the tor wallet again.
bye

[RazvanO]

Hello

Does anyone have an idea why these transactions are not confirmed yet?
https://bchain.info/XMG/addr/9MqK4pR7jVVxYnWUB6pfdqEcNyLDzW8RUx

Coins transferred approx. 10 hours ago.

[joelao95]

Hello

Does anyone have an idea why these transactions are not confirmed yet?
https://bchain.info/XMG/addr/9MqK4pR7jVVxYnWUB6pfdqEcNyLDzW8RUx

Coins transferred approx. 10 hours ago.

Looks like they are invalid PoS blocks.

[joelao95]

BTW i like this exchange too.
Maybe its something for Magi.
https://www.bitspark.io/

What do you guys think?

I am posting info from them:

We will soon be implementing a coin voting feature on Bitspark where we would be happy to list Magi on. We have a list of coins to implement but if we got some community feedback and traction on this we can move XMG up the list.

111magic, could you see what can we do along that?

[111magic]

BTW i like this exchange too.
Maybe its something for Magi.
https://www.bitspark.io/

What do you guys think?

I am posting info from them:

We will soon be implementing a coin voting feature on Bitspark where we would be happy to list Magi on. We have a list of coins to implement but if we got some community feedback and traction on this we can move XMG up the list.

111magic, could you see what can we do along that?

Sent a PM to this guy https://bitcointalk.org/index.php?action=profile;u=388968
and ask him to add Magi (XMG) to the exchange.
Don't just ask but tell him a reason why he should add Magi.
He asked for some community feedback.
Let's all do that

[Spexx]

Hello

Does anyone have an idea why these transactions are not confirmed yet?
https://bchain.info/XMG/addr/9MqK4pR7jVVxYnWUB6pfdqEcNyLDzW8RUx

Coins transferred approx. 10 hours ago.

Looks like they are invalid PoS blocks.

I have seen quite a number of these on my wallet. It worried me at first, until I realized that it is much the same thing as I have seen when solo mining other coins via the wallet i.e. an orphaned block solution. The difference is that these unconfirmed POS mining transactions remain on display in the wallet, while unconfirmed POW mining transactions do not.

[Stratobitz]

Is there a list of CPU performance stats on various chipsets?

Also is there a profit calculator?

Thanks!

Strato

[joelao95]

Is there a list of CPU performance stats on various chipsets?

Also is there a profit calculator?

Thanks!

Strato

Spexx's post could be reasonable estimate, https://bitcointalk.org/index.php?topic=735170.msg9331576#msg9331576

but refer to his latest post for the miners: https://bitcointalk.org/index.php?topic=735170.msg9412187#msg9412187

To estimate the hashrate that you can expect with the new algorithm, go to this web site https://www.cpubenchmark.net/cpu_list.php and find the Passmark for your CPU. Divide the Passmark figure by 1000, then:-

For 64 bit hashrate in Kh/s, multiply by pi (3.142)

For 32 bit hashrate in Kh/s, multiply by 2

We don't have profit calculator yet.

[Spexx]

With my new miners for Windows, we can raise the estimates a bit:-
 
To estimate the hashrate that you can expect, go to this web site
https://www.cpubenchmark.net/cpu_list.php
and find the Passmark for your CPU. Divide the Passmark figure by 1000, then:-

For 64 bit hashrate in Kh/s, multiply by 3.6

For 32 bit hashrate in Kh/s, multiply by 2.1

Note that the Passmarks for some CPUs are higher than expected and may only apply when Speed-boosted (overclocked).

While writing, I noticed that my XMG wallet is showing a staking network weight of 18446744073698257708 and an estimated time for reward as 994456419 days, which is a rather long wait (about 2.7 million years). Something is afoot

[SamWalters]

been away guys; but I am seeing massive growth coming in about magi. More people in this space keep talking about it. Thanks devs and community for working together!

[joelao95]

To estimate the hashrate that you can expect, go to this web site
https://www.cpubenchmark.net/cpu_list.php
and find the Passmark for your CPU. Divide the Passmark figure by 1000, then:-

For 64 bit hashrate in Kh/s, multiply by 3.6

Spexx, does this mean the hash rate will be a bit less; I though people are getting division by 2.5 or so.