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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2186568 times)
NeuroticFish
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January 24, 2015, 06:43:32 AM
 #5321

Looks like your wallet just starts staking? any transactions recently? That's the reason showing insufficient weight; notice that the expected time is never accurate.

The actual expected time to earn PoS rewards is about 2-3 days for coins 100 XMG or so under current network weight. It's better to stake all of your coins together; you can do so by sending all to an address. You can close your wallet then and keep it offline; be sure to check back the status for example, 1 day later, the stake weight and expected time to earn rewards (just estimate). You will receive interest for sure.

It's not that much benefiting though by staking 110 XMG though (this is also for security considerations, just imagine other people/network can get interests far more than you), but you don't have to remain the wallet online, just check it from time to time. For better result, storing more coins like 500 XMG will get you rewards in less than half day (in this case better to be online more often to ensure rewards received).

Rules: Don't send coins during staking, or stake time will be reset. Don't keep the wallet offline for more than 5 days in any circumstance, or you need to reset the stake time.

Thank you for the wide explanation! It gives me some ideas on what to do next Wink
I was away for holidays and my wallet was offline until some point this week, when I also updated it to the newest version.
I didn't do transactions with that money foe quite some time, so the "don't send coins" doesn't apply.

Sorry for such late response, but I gusss that it's better to give an update. Finally bought some more XMG and also mined a little, now all the coins are back to wallet and PoS seems to have started good.

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111magic
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January 24, 2015, 07:30:22 AM
 #5322

Thanks for your respons Neuroticfish.
Nice to hear from the community if thing are doing ok.


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January 24, 2015, 07:45:25 AM
 #5323

@joelao95 I like the new theme for the website, but maybe you should restrict access to all pages and redirect them to the counter if you wanted to keep the suspence up Wink
Thanks for the heads up.

I have a couple of hundred magicoins in my wallet now and have a question regarding the staking of them. I have to make a payment to myself with the amount of coins in my wallet to receive the rewards. Do I have to repeat the payment every time I receive a reward or will the keep coming in on their own?
Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

Would it be possible not to redirect links to the miners? Haha

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January 24, 2015, 07:49:42 AM
 #5324

Quote
Coin of the future! Like Bill Gates says : Bitcoin alone is not good enough!


New MAGI's motto?

Hmmm... well the mantra I have been using for a while now is:-

"XMG Magi the coin of the future, here today"

and another one to consider is:-

"With XMG you have to work smart, not hard"

I must get around to having that T-shirt printed Cheesy



 Smiley like this subject.
But the one about Bill Gates is something hè said. https://www.cryptocoinsnews.com/bill-gates-bitcoin-bitcoin-alone-not-good-enough/
I also like; Magi the unique next generation coin.
and this one; Magi people's choice, the rising star!
 Smiley


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Enzyme
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January 24, 2015, 07:53:45 AM
 #5325

Is my CPU fast or slow?
It's Tempest.1.

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January 24, 2015, 08:28:23 AM
 #5326

When it's staking, what causes the stake reward to be Generated but not accepted? I have two stakes in a row that is having this status  Huh
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January 24, 2015, 08:45:06 AM
 #5327

I have a couple of hundred magicoins in my wallet now and have a question regarding the staking of them. I have to make a payment to myself with the amount of coins in my wallet to receive the rewards. Do I have to repeat the payment every time I receive a reward or will the keep coming in on their own?
Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

So just to be very clear, since English is not my native language and I'm confused by this post :
After sending them to yourself staking reward comes in every time on his own.

These are the steps I think need to be done
1. Make a payment to myself
2. Wait for reward to come in

And that's it? I was under the impression that after you get a reward you have to make a new payment to yourself before the staking of those coins started again.

Regards
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January 24, 2015, 10:49:09 AM
 #5328

I have a couple of hundred magicoins in my wallet now and have a question regarding the staking of them. I have to make a payment to myself with the amount of coins in my wallet to receive the rewards. Do I have to repeat the payment every time I receive a reward or will the keep coming in on their own?
Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

So just to be very clear, since English is not my native language and I'm confused by this post :
After sending them to yourself staking reward comes in every time on his own.

These are the steps I think need to be done
1. Make a payment to myself
2. Wait for reward to come in

And that's it? I was under the impression that after you get a reward you have to make a new payment to yourself before the staking of those coins started again.

Regards
I was looking in the thread for a good explanation about staking. But we lost a lot of posts during the bitcointalk crash! (I thought we had already more than 300 pages) So best thing is that Joe, Spexx or Wolf make a new post about how staking works.


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January 24, 2015, 10:50:51 AM
 #5329

Quote
Coin of the future! Like Bill Gates says : Bitcoin alone is not good enough!


New MAGI's motto?

Hmmm... well the mantra I have been using for a while now is:-

"XMG Magi the coin of the future, here today"

and another one to consider is:-

"With XMG you have to work smart, not hard"

I must get around to having that T-shirt printed Cheesy



 Smiley like this subject.
But the one about Bill Gates is something hè said. https://www.cryptocoinsnews.com/bill-gates-bitcoin-bitcoin-alone-not-good-enough/
I also like; Magi the unique next generation coin.
and this one; Magi people's choice, the rising star!
 Smiley

Remember this one: mining Magi is how Satoshi meant mining to be for BTC in 2009!


  Coin MAGI  . XMG  
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  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
Zywiec
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January 24, 2015, 11:21:01 AM
 #5330

Many ideas. Probably we should open pool to gather and find out the best motto. I like it!

Btw. The market are going to be bullish. Nice smoothly moves upward.
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January 24, 2015, 11:33:42 AM
 #5331

Welcome on board. Nice to be there. I'd look forward to be part of MAGI.

Version with Bill Gates( motto''s issue) was perfect. Bill is legendary, automatically my brain related MAGI as massive and succesful project.
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January 24, 2015, 12:17:52 PM
 #5332

Yes could someone give a breif overview on what staking is, and how to achieve it as this looks interesting

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January 24, 2015, 12:47:39 PM
 #5333

You can get an idea of the POS on the first post on the page.

https://bitcointalk.org/index.php?topic=735170.msg8307440#msg8307440

My understanding is that it is basically ensuring you have coins that have matured and able to earn interest. The interest is based on how much XMG is mined and then compared against how much coins you have that have matured. You'll need to move coins between addresses to renew their age and start staking again when your coins go past the peak matured age i.e, the 10% mentioned in the post past day 5 should be sent to new address to start staking again.

Hope this helps!
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January 24, 2015, 12:59:19 PM
 #5334


So .... nobody willing to help with testing a new minerd.exe for me? OK stick with your slower versions for now then.

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January 24, 2015, 01:08:58 PM
 #5335

Helps a lot thanks, sounds a bit of a ball ache for a fraction of a coin, so I pass on that Smiley

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January 24, 2015, 01:22:02 PM
 #5336


So .... nobody willing to help with testing a new minerd.exe for me? OK stick with your slower versions for now then.

i am just send me the file i have intel and amd cpus to test with

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January 24, 2015, 01:31:17 PM
 #5337

i can test 2 dc haswells for you 4790k and 4690k

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January 24, 2015, 01:35:02 PM
 #5338

had to buy some after reading this topic, this is looking really good

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January 24, 2015, 01:49:08 PM
 #5339

i tried wolf0 m7m i7 miner and it more than doubled mine hashrate from 28 to 66 on 4790k  Shocked thanks i will now try other cpus

what edition of wolf0 miner should i download for phenoms and what for visheras

after a while hash on 4790k is now at 80 khashs its 10khashs per thread

phenom 1055t on generic wolf0 miner have 7.5 per core so 44.1 khashs from 17  khash with non optimized miner


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January 24, 2015, 02:19:56 PM
 #5340

Magi team welcomes all new guys in the community!
And Spexx I see some responses on your request for testing. Nice!


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
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