joelao95 (OP)
Legendary
 Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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February 01, 2015, 02:49:00 AM |
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I didn't say you couldn't drive away some big miners - I said that you cannot convince people to mine slower. Either people will mine your coin as fast as they can, or they likely just won't mine it.
Lol... Really? Don't you see people are using Spexx's speed controller, or asking for "-e" option, do you? Either, we don't know if people really mine at full speed or not, or just go away, right? I said as fast as they can - people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense. I should have clarified - people won't reduce speed for the express purpose of lowering nethash. Everyone thinks they don't matter - when collectively, they do. But, you're right, it's just a theory. You also said "they likely just won't mine it.", or likely mine it with a lower speed? You can't be so certain on the results especially when there are no apparent facts in support of that, for example, "people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense." What about the cost, if one mines with high cost but can't get what he is desired, won't he just stay low? Surely people could just mine another coin with his full speed in order to maximize mining reward, but again that's just a guess. It's pretty much no point based on facts we don't know, but just guess. I don't expect everyone to lower speed, either. I do expect every generic miners run at full speed, and drive away the big miner, or make them lower the speed. |
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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joelao95 (OP)
Legendary
Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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February 01, 2015, 02:58:59 AM |
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I didn't say you couldn't drive away some big miners - I said that you cannot convince people to mine slower. Either people will mine your coin as fast as they can, or they likely just won't mine it.
Lol... Really? Don't you see people are using Spexx's speed controller, or asking for "-e" option, do you? Either, we don't know if people really mine at full speed or not, or just go away, right? I said as fast as they can - people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense. I should have clarified - people won't reduce speed for the express purpose of lowering nethash. Everyone thinks they don't matter - when collectively, they do. But, you're right, it's just a theory. You also said "they likely just won't mine it.", or likely mine it with a lower speed? You can't be so certain on the results especially when there are no apparent facts in support of that, for example, "people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense." What about the cost, if one mines with high cost but can't get what he is desired, won't he just stay low? Surely people could just mine another coin with his full speed in order to maximize mining reward, but again that's just a guess. It's pretty much no point based on facts we don't know, but just guess. I don't expect everyone to lower speed, either. I do expect every generic miners run at full speed, and drive away the big miner, or make them lower the speed. As I said, it was just a theory - I don't have hard evidence to support either direction. Alright, I do agree.  |
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seeksilence
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February 01, 2015, 05:02:42 AM |
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It seems the listaccounts command in the "debug window-- console" shows incorrect balances for several accounts under one wallet (the total balance is right). I checked the balance of one subaccount and it is different from the bchain.info balance.
Also I got several small mined transactions
Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Also I saw the 5xmg showed in the "Stake" but none of my sub accounts having balance smaller than that. Will that mean if I keep the wallet open, I will get that by POS later ?
Thanks.
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111magic
Legendary
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Activity: 1750
Merit: 1005
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February 01, 2015, 06:41:40 AM |
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Cool! Welcome to our Magical community!
no! it is me that is thanking you.. words came my way that people from Russia and Bulgaria have engaged your coin That's cool. Yea Magi is working to grow worldwide. These days Magi gets on more new websites or forums. At the moment working to update Chinese forums and other languages. |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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joelao95 (OP)
Legendary
Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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February 01, 2015, 07:12:28 AM |
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It seems the listaccounts command in the "debug window-- console" shows incorrect balances for several accounts under one wallet (the total balance is right). I checked the balance of one subaccount and it is different from the bchain.info balance.
It's due to PoS which revises the transaction. Also I got several small mined transactions
Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Did you see these from transaction details? Can you identify them in the transaction histroy? Also I saw the 5xmg showed in the "Stake" but none of my sub accounts having balance smaller than that. Will that mean if I keep the wallet open, I will get that by POS later ?
PoS splits coins; it's interesting that only 5XMG in stake? |
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MadGhost
Sr. Member
Offline
Activity: 294
Merit: 250
★777Coin.com★ Fun BTC Casino!
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February 01, 2015, 08:16:32 AM |
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Magi will attract more crowd.
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bobben2
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February 01, 2015, 08:20:49 AM |
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Right now:
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
The net hashrate varies quite significantly as the difficulty adjustment is done every block. How did you check the hashrate? -- Net hash rate from getmininginfo? [at this time I checked about 50 Mh/s]. I am not sure if it's meaningful comparing Pool hash rate with the network hashrate, as they may be calculated in different way. I read it from the pool dashboard. I should a made a screen snapshot, but got busy.. At that same time the maxminers pool dashboard showed a pool rate of 2 MH/s something and the same net hashrate as nonce-pool. I hope it is the net hash rate that was showing wrong for a minute. |
Fellow miners, get your thens and thans in order and help other forum readers understand what you are writing. Remember the grammar basics: B larger THAN A (comparator operator). If something THEN ....
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joelao95 (OP)
Legendary
Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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February 01, 2015, 09:15:49 AM
Last edit: February 01, 2015, 07:53:54 PM by joelao95 |
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Right now:
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
The net hashrate varies quite significantly as the difficulty adjustment is done every block. How did you check the hashrate? -- Net hash rate from getmininginfo? [at this time I checked about 50 Mh/s]. I am not sure if it's meaningful comparing Pool hash rate with the network hashrate, as they may be calculated in different way. I read it from the pool dashboard. I should a made a screen snapshot, but got busy.. At that same time the maxminers pool dashboard showed a pool rate of 2 MH/s something and the same net hashrate as nonce-pool. I hope it is the net hash rate that was showing wrong for a minute. It could vary a lot even within a minute if there happens a block minted, but 2 MH/s is definitely something wrong; I would expect 20 Mh/s is something which could happen. Most likely 2 Mh/s is calculated from the PoS difficulty, I would say. In any case, the network just goes well; you can check the wallet hashrate through "getmininginfo" (notice network hashrate is just an estimate, calculated from the adjusted difficulty). |
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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February 01, 2015, 09:33:30 AM |
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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go6ooo1212
Legendary
Offline
Activity: 1512
Merit: 1000
quarkchain.io
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February 01, 2015, 10:00:44 AM |
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Thats great , we have the majority of votes |
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mintminty59
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February 01, 2015, 10:25:53 AM |
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Sadly with new miners and the hashrate up I have not found a block in days major wasted resources so until hashrate drops down I think I be turnign miners off for a few days.
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jawitech
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February 01, 2015, 10:36:16 AM
Last edit: February 01, 2015, 10:44:03 PM by jawitech |
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Sadly with new miners and the hashrate up I have not found a block in days major wasted resources so until hashrate drops down I think I be turnign miners off for a few days.
Hashrate climbs and drops all day long, so you would have to monitor network hashrate 24/7. There are a few big miners who appear and disappear several times a day and cause this spikes. You are solo mining? |
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mintminty59
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February 01, 2015, 11:42:00 AM |
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Yes I am solo mining I dont like to use pools
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jawitech
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February 01, 2015, 06:57:20 PM |
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Yes I am solo mining I dont like to use pools
What's your hashpower? In the current situation you probably might want to consider joining a pool before you stop mining Magi? |
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jawitech
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February 01, 2015, 07:08:11 PM |
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Not enough hashpower? Just a heads up. There are several rigs available for rent at Mining Rig Rentals. Check M7M section. |
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jawitech
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February 01, 2015, 07:15:05 PM |
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The last 24h I nearly doubled my amount of XMG. Price moved between 5,000 and 6,000 satoshi, so you could (and still can) make some profit and as a side-effect, increase the trading volume on the exchanges.
Please don't dump your coins, don't sell too cheap.
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The Frisian
Legendary
Offline
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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February 01, 2015, 07:19:29 PM |
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Not enough hashpower? Just a heads up. There are several rigs available for rent at Mining Rig Rentals. Check M7M section. Yes, but 300 % too expensive! |
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Mergesort
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February 01, 2015, 07:44:00 PM |
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Not enough hashpower? Just a heads up. There are several rigs available for rent at Mining Rig Rentals. Check M7M section. The prices are a joke and make it worth one bit. |
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jawitech
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February 01, 2015, 07:52:39 PM |
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Not enough hashpower? Just a heads up. There are several rigs available for rent at Mining Rig Rentals. Check M7M section. The prices are a joke and make it worth one bit. I heard the same over and over again about Bitcoin ASICs. But it didn't stop people buying them  Why? Cause they believe in the coin and will get their profit (instead of instant ROI) when the price raises. |
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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February 01, 2015, 08:02:05 PM |
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As told Magi added on www.whitepuma.net http://www.whitepuma.net/unidash/index.php?mode=logout&wasuuup=7d2d180c45c41870f36e747816456190It's easy: Example: 0) follow @whitepuma_net 1) login with twitter (facebook or Instagram) 2) get Magi walletaddress Deposit some coins. 3) if you want to tip somebody give this command in tweet: @whitepumatipbot give AMOUNT magis to @NAME and if you want a text. On the website they call Magi not XMG but magis. I asked them to change that so people don't get confused! Try it! Its really funny to do! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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