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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1835887 times)
go6ooo1212
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January 02, 2015, 08:58:57 PM
 #4821

Tryed it. Too difficult !   Grin
difficult enough to your capacity...
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joelao95
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January 02, 2015, 11:36:39 PM
 #4822

Please advice what is the best thing to do if you have more than 3000 XMG in your wallet in relation to staking?
Maybe better not stake at all ;-) ?


It seems to me that 3 things matter:
1) the maximum of 3000 XMG in your wallet.
2) the maximum offline stake time of four days.
3) the amount of coins in one transaction between 100 and 1000 XMG.

2 and 3 is no problem, i guess i have a problem with 1.

There is no limitation in the wallet balance. The 3000 XMG limitation is only applied to one transaction, not to the total wallet balance. So basically if you have 10,000 XMG, you'll have to split them on different transactions, for example, each transaction holding 500 XMG. Let's say 10,000 XMG is already in your wallet, set up a few accounts (add new address, and label them as like, a, b, c), and then you can move funds; open up debug windows --> Console, you can do so for a few times.
Code:
move a b 500

For any amounts of coins in staking, the offline time should be less than four days; after four days, the stake weight is not gaining but dropping. There is a reason that people want to keep a big amount of coins in one transaction, since by doing that they can get stake rewards as soon as possible. However, in that case, the allowed offline time is reduced, for example:
2000 --> 3 days
5000 --> 2 days

For best results, amount of coins/transaction should be between 100 - 1000 XMG; 500 XMG is recommended, whilst 100 XMG should be fine at this moment. At current network weight (about 1000,000), the expected time to earn rewards is < 1 day for 500 XMG and five days for 100 XMG. So you can see that 100 XMG is nearly the limit, since the stake weight is dropping at the 5th day.

The determination of all the parameters takes into account any future increase of the network weight; for example 500 XMG staking will receive rewards in about 3.5 days when it increases to 5000,000.


  Coin MAGI  . XMG   
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  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
The Frisian
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January 02, 2015, 11:40:03 PM
 #4823

Thanks Joe.
Bittrex has disabled XMG at the moment, wallet update?
joelao95
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January 02, 2015, 11:57:54 PM
 #4824

Thanks Joe.
Bittrex has disabled XMG at the moment, wallet update?

Looks like the update; it's enabled now.


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January 03, 2015, 01:25:07 AM
 #4825

My package already includes an option to add custom switches to the minerd command line as required, but I could integrate the option as a window dialog box in the Setup.bat fairly easily. I have some patches for the Setup.bat in the pipeline anyway. First though, I have to run the new minerd-legacy code through my compiler and have a play with it. My initial thoughts are that it is still limited in function because the minerd has to be stopped and restarted to take up any modified -e setting. What would be really nice would be if it could be tweaked in realtime e.g. the miner polls a variable held somewhere every ten seconds or so and adjusts itself according to the value of that variable. That would be really neat and could be used with a temperature monitor routine to create a negative feedback loop for thermal management.
Real time control on the temperature is nice. There will be concern of heating sources from programs other than the miner though. Also the miners needs to check the temperature. This is different from program sleep and thus might not reduce the temperature, but will take up resources and reduce the hashrate. From this point of view, temperature control might be desired by another program which takes the output of the miner as the input. This is the case one can use to avoid overheat, either reducing the hash rate is optional if one wants to reduce power consumption as well as the heating.

The miner has a particular focus with consideration of saving energy by simply cutting down the hash rate. There is no ways of reducing energy unless enforcing the miner going into sleeping mode for a certain time, and thus mitigate the source taken-up monster / heat generator. The importance is then to determine the duration; what's done is that, at the beginning of miner launching, hash rate testing, and self-adjustment by enforcing sleeping every 10 hashes in order to yield desired hashrate. Improvement can further done using dynamic adjustment. I am sure complex adjustment by combining cpu usage / temperature etc will be something interesting to deploy further.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
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JimmyTaylor
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January 03, 2015, 08:40:22 AM
 #4826

You des deserve a trophy my friend.

How is Sam and magic? I miss the community.
My package already includes an option to add custom switches to the minerd command line as required, but I could integrate the option as a window dialog box in the Setup.bat fairly easily. I have some patches for the Setup.bat in the pipeline anyway. First though, I have to run the new minerd-legacy code through my compiler and have a play with it. My initial thoughts are that it is still limited in function because the minerd has to be stopped and restarted to take up any modified -e setting. What would be really nice would be if it could be tweaked in realtime e.g. the miner polls a variable held somewhere every ten seconds or so and adjusts itself according to the value of that variable. That would be really neat and could be used with a temperature monitor routine to create a negative feedback loop for thermal management.
Real time control on the temperature is nice. There will be concern of heating sources from programs other than the miner though. Also the miners needs to check the temperature. This is different from program sleep and thus might not reduce the temperature, but will take up resources and reduce the hashrate. From this point of view, temperature control might be desired by another program which takes the output of the miner as the input. This is the case one can use to avoid overheat, either reducing the hash rate is optional if one wants to reduce power consumption as well as the heating.

The miner has a particular focus with consideration of saving energy by simply cutting down the hash rate. There is no ways of reducing energy unless enforcing the miner going into sleeping mode for a certain time, and thus mitigate the source taken-up monster / heat generator. The importance is then to determine the duration; what's done is that, at the beginning of miner launching, hash rate testing, and self-adjustment by enforcing sleeping every 10 hashes in order to yield desired hashrate. Improvement can further done using dynamic adjustment. I am sure complex adjustment by combining cpu usage / temperature etc will be something interesting to deploy further.


Coin Magi the First M7M coin defeating botnets and benefiting community at large. join irc for rain of xmg https://kiwiirc.com/client/irc.freenode.net/#magi
111magic
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January 03, 2015, 08:56:36 AM
 #4827

Community is stil here. Activity will raise here again after holidays. Although activity in irc and social media did raise a lot during the holidays. Smiley
Team and Dev are working very hard on new developments. Great developments take more time.
Keep eyes on the thread.  Wink


  Coin MAGI  . XMG  
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  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
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January 03, 2015, 09:06:19 AM
 #4828

Community is stil here. Activity will raise here again after holidays. Although activity in irc and social media did raise a lot during the holidays. Smiley
Team and Dev are working very hard on new developments. Great developments take more time.
Keep eyes on the thread.  Wink

+1222223334

Love the magi community much greatness.

Coin Magi the First M7M coin defeating botnets and benefiting community at large. join irc for rain of xmg https://kiwiirc.com/client/irc.freenode.net/#magi
111magic
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January 03, 2015, 11:29:25 AM
 #4829

Magi added on another exchange, Cryptonia Exchange

Markets:
XMG/BTC
XMG/LTC
XMG/FTC
XMG/POP
XMG/HTML5

https://www.cryptopia.co.nz/Exchange/1216



  Coin MAGI  . XMG  
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  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
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January 03, 2015, 11:49:55 AM
 #4830

Hello everyone Cheesy

Been mining Magi on my laptop for a few weeks now, and am loving the community and idea of it. My laptop gets something along 25 KHash/s, out of its processor, which is fine, but I got an idea today.

Somewhere in my basement is a jailbroken PS3, which I have not used in a while. I tried mining bitcoin with it when bitcoin started, and got something like 45KHash/s out of the cell processor it uses. Is this processor at all compatible for mining Magi (afaik it should be), and is there a homebrew enthusiast that could make that happen? I guess you could simply mod the Cell Miner (https://github.com/verement/cellminer) to support m7m, but I am too swamped with another project currently to do it myself Smiley

I would love to give my beloved PS3 a new life Wink So, anybody interested?

P.S. I did a little searching, and found perhaps a better starting point for the cell miner: https://github.com/ssvb/cpuminer
The Frisian
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January 03, 2015, 02:43:53 PM
 #4831


for example 500 XMG staking will receive rewards in about 3.5 days when it increases to 5000,000.


I don't understand, increase 500 to 5000, how and why?
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January 03, 2015, 04:43:28 PM
 #4832


for example 500 XMG staking will receive rewards in about 3.5 days when it increases to 5000,000.


I don't understand, increase 500 to 5000, how and why?


It seems you're mixing something up.

Quote from: joelao95
At current network weight (about 1,000,000)

Quote from: joelao95
for example 500 XMG staking will receive rewards in about 3.5 days when it (the network weight) increases to 5,000,000
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January 03, 2015, 05:16:22 PM
 #4833

I don't understand, increase 500 to 5000, how and why?
jawitech's statement is right. Let me know any questions. Smiley


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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January 03, 2015, 05:28:18 PM
 #4834

Hello everyone Cheesy

Been mining Magi on my laptop for a few weeks now, and am loving the community and idea of it. My laptop gets something along 25 KHash/s, out of its processor, which is fine, but I got an idea today.

Somewhere in my basement is a jailbroken PS3, which I have not used in a while. I tried mining bitcoin with it when bitcoin started, and got something like 45KHash/s out of the cell processor it uses. Is this processor at all compatible for mining Magi (afaik it should be), and is there a homebrew enthusiast that could make that happen? I guess you could simply mod the Cell Miner (https://github.com/verement/cellminer) to support m7m, but I am too swamped with another project currently to do it myself Smiley

I would love to give my beloved PS3 a new life Wink So, anybody interested?

P.S. I did a little searching, and found perhaps a better starting point for the cell miner: https://github.com/ssvb/cpuminer

This will be absolutely interesting, and right matches with the direction this coin is going; will take a look at the miner (I hope someone could look into it if possible as I got dozens of things in hand). I guess we need linux installation on PS3 to get the miner working according to Google search?

Can you do the test in case we have something worked out?


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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January 03, 2015, 05:29:07 PM
 #4835

Magi added on another exchange, Cryptonia Exchange

Markets:
XMG/BTC
XMG/LTC
XMG/FTC
XMG/POP
XMG/HTML5

https://www.cryptopia.co.nz/Exchange/1216
Nice, will add up to OP.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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January 03, 2015, 05:31:46 PM
 #4836

How is Sam and magic? I miss the community.
magic is around as always; I missed Sam too, this is the holiday season anyways. There are a few other community members ex33s, jawitech and other two working with magi too.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
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The Frisian
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January 03, 2015, 05:37:42 PM
 #4837

I don't understand, increase 500 to 5000, how and why?
jawitech's statement is right. Let me know any questions. Smiley

Now it's (almost) clear!
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January 03, 2015, 05:45:14 PM
 #4838

I don't understand, increase 500 to 5000, how and why?
jawitech's statement is right. Let me know any questions. Smiley

Now it's (almost) clear!

Let us explain the almost part :-) We're here to help.
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January 03, 2015, 05:47:00 PM
 #4839

Hello everyone Cheesy

Been mining Magi on my laptop for a few weeks now, and am loving the community and idea of it. My laptop gets something along 25 KHash/s, out of its processor, which is fine, but I got an idea today.

Somewhere in my basement is a jailbroken PS3, which I have not used in a while. I tried mining bitcoin with it when bitcoin started, and got something like 45KHash/s out of the cell processor it uses. Is this processor at all compatible for mining Magi (afaik it should be), and is there a homebrew enthusiast that could make that happen? I guess you could simply mod the Cell Miner (https://github.com/verement/cellminer) to support m7m, but I am too swamped with another project currently to do it myself Smiley

I would love to give my beloved PS3 a new life Wink So, anybody interested?

P.S. I did a little searching, and found perhaps a better starting point for the cell miner: https://github.com/ssvb/cpuminer

This will be absolutely interesting, and right matches with the direction this coin is going; will take a look at the miner (I hope someone could look into it if possible as I got dozens of things in hand). I guess we need linux installation on PS3 to get the miner working according to Google search?

Can you do the test in case we have something worked out?

Awesome, using a Wii, a PS/3, a fridge or a toaster as miner  Grin Really, I like the idea. Many of unused deviced could be used.
The Frisian
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January 03, 2015, 05:55:14 PM
 #4840

I don't understand, increase 500 to 5000, how and why?
jawitech's statement is right. Let me know any questions. Smiley

Now it's (almost) clear!

Let us explain the almost part :-) We're here to help.

Magi takes the following form for coin age:
Code: [Coin-age] = [amount of coins] x M(coins, days)
where M(coins, days) is a function of the amount of coins, and the days under stake. [Coin-age] is also the so called stake weight.
What's the relation between the 2 figures. Left figure I see M as a result of days, Right Coin-age the same.
I once saw the white paper, maybe I must see that again to make it completely clear.

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