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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1831118 times)
joelao95
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January 18, 2015, 06:55:26 AM
 #5181

In 0.9.6 it will use hardcoded 11MHs/11XMG which makes 100%/50%

In 0.9.7 it will use hardcoded 22MHs/22XMG which makes it running at 100% if the connection to my hosting is unavailable (also a message will appear).

If just magid crash then the MHs value will be grabbed from one of the pools and the XMG/Block will be estimated on MHs.

I guess using the block value (v0.9.6) would be better. The hashrate actually has no direct relationship with the difficulty-v2 and blockvalue, so it might be unreliable. I'm about to add difficulty-v2 based hashrate into the API call, but think that might be inaccurate; the formula is hashrate = diff * 2^32/blocktime =  diff * 2^32/180 if you want to use hashrate (actually blocktime varies a lot). Also the optimum network hash is supposed to be increasing over time, that is to allow more people mining.

An additional thought which might be useful in some situations: include an option to set the maximum of default CPU usage; for example, people may want to limit CPU mining while using their office PC.


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NeedIfFindIt
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January 18, 2015, 08:45:24 AM
 #5182

In 0.9.6 it will use hardcoded 11MHs/11XMG which makes 100%/50%

In 0.9.7 it will use hardcoded 22MHs/22XMG which makes it running at 100% if the connection to my hosting is unavailable (also a message will appear).

If just magid crash then the MHs value will be grabbed from one of the pools and the XMG/Block will be estimated on MHs.

I guess using the block value (v0.9.6) would be better. The hashrate actually has no direct relationship with the difficulty-v2 and blockvalue, so it might be unreliable. I'm about to add difficulty-v2 based hashrate into the API call, but think that might be inaccurate; the formula is hashrate = diff * 2^32/blocktime =  diff * 2^32/180 if you want to use hashrate (actually blocktime varies a lot). Also the optimum network hash is supposed to be increasing over time, that is to allow more people mining.

An additional thought which might be useful in some situations: include an option to set the maximum of default CPU usage; for example, people may want to limit CPU mining while using their office PC.

Probably I did not explained it correctly.
blockvalue is just guessed from the hashrate only in a situation when:
- magid at my host has crashed.
- the host is still able to connect to one of the pools.
- there is no value in the xcache (I cache the values for 2 minutes to avoid RPC overload) but also cache the same values for 6 hours just in case Wink

I plan to include more CPU options in the next version but it will be in February (need more testing).

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ancientcoins
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January 18, 2015, 09:01:14 AM
 #5183

i have a recommended feature if you could implement it. you should create like magi credit score. just how in real life our credit score is used to assess if you get credit you could do something like that for the crypto world. one factor could be how much spending the person does, staking and then later to increase credit they could provide documents to verify identity

just a thought a credit score system which works for cypto is huge as you all know credit is really popular. this could also be for businesses who use your currency to trade ofcourse there is a risk of non payment but slowly the system will be perfected as you can learn from mistakes

this could really be the next stage in crypto. you could then let people offer loans by using your system which you charge a fee

We've been thinking doing trust network. Not quite sure how the credit score works in this scene, especially a coin go anonymous.

anonymous loans could be given out based on account activity. now with anonymous loans the first loan would be small say $1. this could be dependent on how much shopping the individual does using magi. this could then increase slowly if loans are paid back on time to max of say $20. after this if you want to borrow more you would need to prove who you are where this will help boost your credit score. this is a option not compulsory.

people love credit and i think if they have a benefit in using magi it could be popular. the first credit card in crypto. ofcourse this a long term project so many mistakes to learn from. merchants could use it for their business by signing up as a merchant and having a master address where they use the system to loan credit to their customers.

if a big loan isn't repaid then as we only would give it to people who have proved themselves just how in the real there are debt collectors im sure many would be willing to start this service to act as debt collector where they get a piece of the pie

crazy idea but excellent if implemented

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January 18, 2015, 09:01:31 AM
 #5184

whats happening in 2 days on your site

111magic
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January 18, 2015, 09:36:50 AM
 #5185

whats happening in 2 days on your site
Think some updates are in progress on the website!


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  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
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th3.r00t
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January 18, 2015, 11:53:27 AM
 #5186

Maybe the guys that made sources for linux will intervene here?

Can it be done, so that the linux miner will monitor the network hashrate, block value like NeedIfFindIt windows miner?
That way, we all who have linux miners and VPS's will get alo the maximum XMG per watt.  Wink

I will try to make that.

Awesome!
Thanks Joe!
I volunteer my miners to test it Smiley

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Singman33
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January 18, 2015, 02:11:14 PM
 #5187

Hi,

In the QT wallet, you can see the minted transactions (BTW there is a display bug at least in Win version, theses minted transactions are marked "mined" instead of "minted" but filter is working).
I can't find theses minted transactions with the command line "listtransactions". Do you have a way to show them using CLI ?
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January 18, 2015, 03:07:26 PM
 #5188

Well today one of my staff called me and was really all over the place! He got a notice from our monitoring software complaining about one of the clusters went into Alert mode. When he logged in to the cluster management console he was presented with the following image :
http://i60.tinypic.com/1z72b61.jpg
And as a result I got the anxious call. He was saying he couldn't make sence of it, since the memory load on the hosts was so low, but the CPU consumption was at an all time high ...

After explaining to him he didn't need to worry, he calmed down and left me at it Wink I'm sure some of my staff who are not aware of the clusters mining Magi will panic tomorrow morning when they get into the office Cheesy

I definately need to adjust the monitoring to not include the low priority miners otherwise I'll get calls every hour or so Wink

Maybe the guys that made sources for linux will intervene here?

Can it be done, so that the linux miner will monitor the network hashrate, block value like NeedIfFindIt windows miner?
That way, we all who have linux miners and VPS's will get alo the maximum XMG per watt.  Wink

I will try to make that.

Awesome!
Thanks Joe!
I volunteer my miners to test it Smiley

And if needed I can volunteer some miners too!

Regards
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January 18, 2015, 06:36:40 PM
 #5189

Hi All!

I just started mining Magi yesterday - it's the first cryptocurrency I've ever mined!

Since I'm new to the field, I have a few questions.  I have some experience with *nix, parallel processing, and some programming, so I'm not starting completely from scratch.

First, since I'm mining on Linux (Ubuntu 14.04), I mostly followed this guide: https://bitcointalk.org/index.php?topic=735170.msg8800103#msg8800103

I'm solo-mining to start, so I went until the end.  Step 9 caught me off-guard, because when step 10 didn't work, I realized that I had to download the entire blockchain, which took a few hours.  I think they missed that part in the tutorial!

Afterwards, I looked into Bitcoin API commands, since the wallet is based off of the original BTC client.  I found that there is a "setgenerate" option.  So this raises the question of why I'm running a separate minerd on the same machine, if the wallet daemon itself can mine?  Is there an advantage of one over the other?  I compiled both independently.

Speaking of compiling both on my own, the pre-built Linux package didn't work because it was dynamically linked.  Maybe it would be better to static link in the future?

Next, every now and then I see blocks come in with the following result:
Code:
received block f305539e1a48b24c9b80
ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake 3e77c4d5c957069f38fdd59cfbe3d15197415e58abe7d851aef854f9eafab3c1, hashProof=0000a9cd1296008e7bdbca0790b7db1e124ff58ac05940a01b290f6e1dbb9b90
WARNING: AcceptBlock(): check proof-of-stake failed for block f305539e1a48b24c9b804e6e212a88f1f73433858e01b0db70147f4d31102425
ERROR: ProcessBlock() : AcceptBlock FAILED
received block f305539e1a48b24c9b80
ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake 3e77c4d5c957069f38fdd59cfbe3d15197415e58abe7d851aef854f9eafab3c1, hashProof=0000a9cd1296008e7bdbca0790b7db1e124ff58ac05940a01b290f6e1dbb9b90
WARNING: AcceptBlock(): check proof-of-stake failed for block f305539e1a48b24c9b804e6e212a88f1f73433858e01b0db70147f4d31102425
ERROR: ProcessBlock() : AcceptBlock FAILED

Is that something going wrong, or is that normal?  (Also, is there anything personally-identifiable in there that I should edit out?)

Finally, how does the wallet work exactly?  I understand that it stores the private keys to the public addresses that I can publish, but how do coins play into it?  What specific (private) data do I need from a wallet.dat backup in case of data loss, and what is recoverable from the blockchain?

Thanks!
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January 18, 2015, 06:40:52 PM
 #5190

Hi All!
I just started mining Magi yesterday - it's the first cryptocurrency I've ever mined!

Hello and welcome to the Magi community. Happy to see that our community grows and more and more people are interested in our project.

Unfortunately I'm not able top help, our dev Joe or Spexx who developed a miner software for Magi, will be able to. They will show up in a few hours. Just wanted to avoid you think nobody is active here.
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January 18, 2015, 06:54:34 PM
 #5191

Hi All!

I just started mining Magi yesterday - it's the first cryptocurrency I've ever mined!

Since I'm new to the field, I have a few questions.  I have some experience with *nix, parallel processing, and some programming, so I'm not starting completely from scratch.

First, since I'm mining on Linux (Ubuntu 14.04), I mostly followed this guide: https://bitcointalk.org/index.php?topic=735170.msg8800103#msg8800103

I'm solo-mining to start, so I went until the end.  Step 9 caught me off-guard, because when step 10 didn't work, I realized that I had to download the entire blockchain, which took a few hours.  I think they missed that part in the tutorial!

Afterwards, I looked into Bitcoin API commands, since the wallet is based off of the original BTC client.  I found that there is a "setgenerate" option.  So this raises the question of why I'm running a separate minerd on the same machine, if the wallet daemon itself can mine?  Is there an advantage of one over the other?  I compiled both independently.

Speaking of compiling both on my own, the pre-built Linux package didn't work because it was dynamically linked.  Maybe it would be better to static link in the future?

Next, every now and then I see blocks come in with the following result:
Code:
received block f305539e1a48b24c9b80
ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake 3e77c4d5c957069f38fdd59cfbe3d15197415e58abe7d851aef854f9eafab3c1, hashProof=0000a9cd1296008e7bdbca0790b7db1e124ff58ac05940a01b290f6e1dbb9b90
WARNING: AcceptBlock(): check proof-of-stake failed for block f305539e1a48b24c9b804e6e212a88f1f73433858e01b0db70147f4d31102425
ERROR: ProcessBlock() : AcceptBlock FAILED
received block f305539e1a48b24c9b80
ERROR: CheckProofOfStake() : INFO: check kernel failed on coinstake 3e77c4d5c957069f38fdd59cfbe3d15197415e58abe7d851aef854f9eafab3c1, hashProof=0000a9cd1296008e7bdbca0790b7db1e124ff58ac05940a01b290f6e1dbb9b90
WARNING: AcceptBlock(): check proof-of-stake failed for block f305539e1a48b24c9b804e6e212a88f1f73433858e01b0db70147f4d31102425
ERROR: ProcessBlock() : AcceptBlock FAILED

Is that something going wrong, or is that normal?  (Also, is there anything personally-identifiable in there that I should edit out?)

Finally, how does the wallet work exactly?  I understand that it stores the private keys to the public addresses that I can publish, but how do coins play into it?  What specific (private) data do I need from a wallet.dat backup in case of data loss, and what is recoverable from the blockchain?

Thanks!

The wallet miner can only solo mine - it's also slower, almost always.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
NewtonsMthd
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January 18, 2015, 06:57:36 PM
 #5192

Hello and welcome to the Magi community. Happy to see that our community grows and more and more people are interested in our project.

Thanks!  Glad to see CPU mining is back, and it looks like a friendly community, too!

Is there a forum beyond this one massive thread?  It's a bit..hard to keep track of?

Thanks Smiley
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January 18, 2015, 07:05:29 PM
 #5193

Hello and welcome to the Magi community. Happy to see that our community grows and more and more people are interested in our project.

Thanks!  Glad to see CPU mining is back, and it looks like a friendly community, too!

Is there a forum beyond this one massive thread?  It's a bit..hard to keep track of?

Thanks Smiley

I don't know, but generally people hate having to sign up for yet another forum for every coin they're interested in, so you'll find most activity here, I think.

Code:
Donations: BTC: 1WoLFdwcfNEg64fTYsX1P25KUzzSjtEZC -- XMR: 45SLUTzk7UXYHmzJ7bFN6FPfzTusdUVAZjPRgmEDw7G3SeimWM2kCdnDQXwDBYGUWaBtZNgjYtEYA22aMQT4t8KfU3vHLHG
NewtonsMthd
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January 18, 2015, 07:12:23 PM
 #5194

The wallet miner can only solo mine - it's also slower, almost always.

Ah, good to know.  I figured the same basic source would be in both, and was wondering why the instructions would recommend a separate process then.

I don't know, but generally people hate having to sign up for yet another forum for every coin they're interested in, so you'll find most activity here, I think.

Fair enough - hopefully some of the key information will be available on the site with the relaunch.
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January 18, 2015, 07:38:28 PM
 #5195

The wallet miner can only solo mine - it's also slower, almost always.

Ah, good to know.  I figured the same basic source would be in both, and was wondering why the instructions would recommend a separate process then.

I don't know, but generally people hate having to sign up for yet another forum for every coin they're interested in, so you'll find most activity here, I think.

Fair enough - hopefully some of the key information will be available on the site with the relaunch.

There is an other forum. http://www.m-talk.org/
Team is trying to update this one also but because of the new developments, promotions and other websites its not up to date yet.  Smiley
 


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Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
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January 18, 2015, 07:41:49 PM
 #5196

There is an other forum. http://www.m-talk.org/
Team is trying to update this one also but because of the new developments, promotions and other websites its not up to date yet.  Smiley

I'll hang around here and hopefully not repeat too many questions, then Smiley
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January 18, 2015, 07:55:34 PM
 #5197

There is an other forum. http://www.m-talk.org/
Team is trying to update this one also but because of the new developments, promotions and other websites its not up to date yet.  Smiley

I'll hang around here and hopefully not repeat too many questions, then Smiley

No problem! Just feel welcome here or there! Wink


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
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January 18, 2015, 08:50:35 PM
 #5198

Is there a performance chart for different CPU's?

Not yet, I'm creating a spreadsheet where, hopefully, many miners will enter their data.
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January 18, 2015, 09:43:38 PM
 #5199

Hi All!

I just started mining Magi yesterday - it's the first cryptocurrency I've ever mined!
Ok.
Before anyting else, you have two options to mine MAGI : solo and pools.
I strongly suggest you to try pool mining before solo. Find one (like http://magi.nonce-pool.com/index.php), read the 1st page, download the independant miner, and do it.
If you really want to solo mining, the path is a little more complicated, you need to change some option to either enable wallet mining, or to provide hash chains to an independant miner.
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January 18, 2015, 09:59:54 PM
 #5200

Ok.
Before anyting else, you have two options to mine MAGI : solo and pools.
I strongly suggest you to try pool mining before solo. Find one (like http://magi.nonce-pool.com/index.php), read the 1st page, download the independant miner, and do it.
If you really want to solo mining, the path is a little more complicated, you need to change some option to either enable wallet mining, or to provide hash chains to an independant miner.

I think that my solo mining config is correct..I have magid running and receiving blocks, and an independent miner connected via local RPC and computing hashes.

That said, I'm still a little confused by how everything is connected, e.g. how this somehow leads to blocks being verified, etc.

Anyway, I wanted to start without a pool because that seems to be one of the primary motivations behind this project - that you don't need to be part of a large pool in order to contribute/benefit.

As I understand it, the benefit to joining a pool is that I will receive continuous fractions of blocks based on my computation share.  Assuming that my hashrate doesn't change, then on average it will take me x days to receive y XMG, regardless of whether I am in a pool or not.  Given that the time to mine a block is within reach for a solo miner, what is the benefit to joining a pool?  (I'm asking out of honest curiosity, not trying to defend one way vs. the other!)
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