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

[joelao95]

joe i have rest of the day free i was thinking of spending it modeling magi coin i will send you my contact info as you mentioned above tommorow if that is fine. Cheers m8s 

Thanks. I guess it'll be fine; I could be in the middle of work, but will find time by then. 

[1714187942]

1714187942

[1714187942]

1714187942

[1714187942]

1714187942

[1714187942]

1714187942

[111magic]

Well done again Spexx! Post the latest miners here also pls.
https://bitcointalk.org/index.php?topic=848697.20

 

Consider it done

Thanks

[joelao95]

I noticed few newbies here, asking about mining hash speed and miner in general. Some of them still using old/slow miner - how about removing them from OP and leave just latest/fastest version of a miner?  

The miner info in OP has been changed; the latest miners kept there. Thanks for heads up. (I feel like modifying the OP is more difficult than coding )

Spexx, can you see if the info regarding your packages is latest and other links are needed.

[joelao95]

Yes there will be. Working on good and solid plan.
Also could use more donations.
At this moment fund for PoM-II is 10.000 XMG.

What is the address for donations to this fund? You can rely on me for 2000 XMG

Thank you guys, here is the address:

99TPno3sPeUfDh9tq4To7xkLAYNQV1Qri1

The funds will be more than 20K, and we can be open for donations which will be back to the funds for PoM spending.

[111magic]

New Magi article on Bitcoingarden!

https://bitcointalk.org/index.php?topic=735170.msg10712548#msg10712548

[111magic]

Yes there will be. Working on good and solid plan.
Also could use more donations.
At this moment fund for PoM-II is 10.000 XMG.

What is the address for donations to this fund? You can rely on me for 2000 XMG

Thank you, guys, here is the address:

99TPno3sPeUfDh9tq4To7xkLAYNQV1Qri1

The funds will be more than 20K, and we can be open for donations which will be back to the funds for PoM spending.

Just sent the donation for the unique PoM-II
Net amount: -10000.0002 XMG
Transaction ID: bd952680ed768361c1734031a9f83c4b811e41fd901eb56ea1af51eb75927d57

[joelao95]

What is POM ?

Good question; no one was questioning this before, though we're talking "CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay]". PoM has more meaning (since we're advising 1st PoM) than a single campaign as done before (which was an approach to protect coin distribution): https://bitcointalk.org/index.php?topic=802681.0; some details here: http://arxiv.org/pdf/1409.7948v1.pdf

PoM - proof of mining; by it's definition, the more mining efforts being placed, the more rewards one gets. This is typically right in mining any coins, while it's particularly emphasized in Magi (on individuals' participation), because of the design of PoW block reward. A simple description of the block reward is that it decreases with increasing network hashrate, and may hit zero when network hash is significantly high. A consequence of this is big miners get frustrated. If one is familiar with the block reward (https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269), you will see block reward could be easily hitting zero. A point here, which was also being argued among people, is who will exit if mining nothing? This is where PoM campaign will be functioning. The campaign will encourage people to keep mining by rewarding despite the amount of block reward. To understand the purpose of the PoM campaign , we can see what happens if we're on the opposite situation - what if generic miners quit first?: 1) big miners keep mining, 2) because of miners quitting, network hash getting low, block reward increasing, and big miners get rewarded more! So now you see PoM campaign is trying to protect the network and to ensure FAIR coin distribution.

To the individuals, PoM means one will receive better rewarding by long term mining. Provided that we, the generic miners, form a solid league, won't give up mining in any situation. One will receive less mining share if big miners are present since they have more hash weight over the rest of miners. It should be noted, however, that coin distribution is pretty much protected by the significantly reduced block reward, as much less coins will be mined in this case. At the time of big miners' leaving, network hash decreasing, not only one gets higher mining share, but also the block reward is high. Then you know why Magi can achieve the FAIRness in coin distribution.

[Erkallys]

What is POM ?

Good question; no one was questioning this before, though we're talking "CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay]". PoM has more meaning (since we're advising 1st PoM) than a single movement as done before (which was an approach to protect coin distribution): https://bitcointalk.org/index.php?topic=802681.0; some details here: http://arxiv.org/pdf/1409.7948v1.pdf

PoM - proof of mining; by it's definition, the more mining efforts being placed, the more rewards one gets. This is typically right in mining any coins, while it's particularly emphasized in Magi (on individuals' participation), because of the design of PoW block reward. A simple description of the block reward is that it decreases with increasing network hashrate, and may hit zero when network hash is significantly high. A consequence of this is big miners get frustrated. If one is familiar with the block reward (https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269), you will see block reward could be easily hitting zero. A point here, which was also being argued among people, is who will exit if mining nothing? This is where PoM movement will be functioning. The movement will encourage people to keep mining by rewarding despite the amount of block reward. To understand the purpose of the PoM movement, we can see what happens if we're on the opposite situation - what if generic miners quit first?: 1) big miners keep mining, 2) because of miners quitting, network hash getting low, block reward increasing, and big miners get rewarded more! So now you see PoM movement is trying to protect the network and to ensure FAIR coin distribution.

To the individuals, PoM means one will gets well rewarded by long term mining. Provided that we, the generic miners, form a big league, won't give up mining in whatever situation. With big miners are present, one will get less mining share; however, it should be noted coin distribution is pretty much protective since very much less coins will be mined. When they're leaving, network hash decreasing, not only one gets higher mining share, but also the block reward is high too; and you know why we can achieve the FAIRness.

Now I understand really why Coin Magi is the best crypto  !

[Erkallys]

Ladies and Gentlemen. Today we have a ...

New Windows Mining Software Release

32 bit and 64 bit Windows supported.

No, it is not a faster miner (you wish). What we have here is a bunch of packages suitable for beginners/novices/newbies to get up and running with pool mining in double-quick time. They are essentially cut-down versions of my Autominer without pool fail-over (*) or the ability to divide the hashing power across multiple pools.

There is a package available for each of the current XMG mining pools. The software will start a single instance of the miner and run a number of threads equal to the number of processors in your computer by default, but you can choose a lower number if required. The software runs the miner at LOW priority.

I have designed the packages to live alongside each other in the same folder as my Autominer package i.e C:\XMGminer so that they will share a single copy of the minerd binaries. Also, the distribution packages below do not include the minerd binaries so that the initial download does not trigger any anti-virus warnings. The minerd binaries are downloaded automatically if they do not already exist on your computer and a warning about possible interference from anti-virus software is issued before the download starts.

For Magipool: https://www.dropbox.com/s/on6zmk5suokgjt7/MagipoolWin.exe

For Maxminers: https://www.dropbox.com/s/7r2m37qsp9mxa9e/MaxminersWin.exe

For Noncepool: https://www.dropbox.com/s/rjy33xqqqgbs2pp/NoncepoolWin.exe

For Suprnova: https://www.dropbox.com/s/w7f53m0co2ehcp8/SuprnovaWin.exe

For XMGpool: https://www.dropbox.com/s/70ffmrr91v71js6/XMGpoolWin.exe

All these have the same look and feel, since they are virtually the same code. Download the package for the required mining pool and run the executable. This is a self-extracting Zip file which unzips to C:\XMGminer by default. Once unzipped, run the setup file, which is a subtly different name depending on which package you have:-

Magipool: Run C:\XMGminer\MPsetup.bat

Maxminers: Run C:\XMGminer\MXsetup.bat

Noncepool: Run C:\XMGminer\NPsetup.bat

Suprnova: Run C:\XMGminer\SNsetup.bat

XMGpool: Run C:\XMGminer\Xsetup.bat (note: not XPsetup.bat I did not like the sound of that)

You will need to provide your pool username, worker name and worker password. After that you get the choice of how many threads you want to run (default = number of processors), then it asks if you want any custom minerd switches (default = none). The software creates a startup file for you and creates a desktop icon for it.

The whole procedure can be completed in under a minute, provided that you have set up your mining pool account beforehand.

The software also includes options to run an operational test, a benchmark, to download the whole package again and to download the latest minerd binaries, which will come in useful if/when I update the minerd.

(*) I lied. The code does actually include some lines to provide for fail-over to one other pool but I have not implemented it in this release. They "fail-over" to the same pool. If you know a good bit of Windows command line programming you should be able to spot it and implement pool failover just by editing a single line of code. Now there's a challenge for you.

Happy hashing

I'm sad... Just realised a video yesterday but now she's outdated... 

[111magic]

I think thats no problem!
Think people can learn from it!

[Spexx]

I'm sad... Just realised a video yesterday but now she's outdated... 

Oops. Sorry about that. It is fast moving world we live in.

[Erkallys]

I'm sad... Just realised a video yesterday but now she's outdated... 

Oops. Sorry about that. It is fast moving world we live in.

Maybe I will do a new when I will have time but 111magic says that she is always good.

[xms]

hello all,

just want to attend you to the new POMII, and the new magi payment gateway for magi (XMG) read both very good posts

https://bitcointalk.org/index.php?topic=735170.msg10703981#msg10703981

http://bitcoingarden.tk/standalone-payment-gateway-for-magi/


greatings
magi follower

[goldlabel]

Great move, joe！

To promote the new pool, I lowered the fee to 0 to the end of this month. My goal is to attract 1-4M hash power in total. Please check XMGpool.cf or
https://bitcointalk.org/index.php?topic=735170.msg10651790#msg10651790

Enjoy free mining!

Coming over to help 

Sent some hash too, and added to OP; donation is highly recommended to support pool running.

https://twitter.com/CoinMagi/status/574990864159735808

allready mining there 

hmmm thought i know it all, but whats OP and im donating  coz when the pools are good the coin is good 

[goldlabel]

Yes there will be. Working on good and solid plan.
Also could use more donations.
At this moment fund for PoM-II is 10.000 XMG.

What is the address for donations to this fund? You can rely on me for 2000 XMG

Thank you, guys, here is the address:

99TPno3sPeUfDh9tq4To7xkLAYNQV1Qri1

The funds will be more than 20K, and we can be open for donations which will be back to the funds for PoM spending.

Just sent the donation for the unique PoM-II
Net amount: -10000.0002 XMG
Transaction ID: bd952680ed768361c1734031a9f83c4b811e41fd901eb56ea1af51eb75927d57

im in for 200 XMG

[Lightsplasher]

Yes there will be. Working on good and solid plan.
Also could use more donations.
At this moment fund for PoM-II is 10.000 XMG.

What is the address for donations to this fund? You can rely on me for 2000 XMG

Thank you, guys, here is the address:

99TPno3sPeUfDh9tq4To7xkLAYNQV1Qri1

The funds will be more than 20K, and we can be open for donations which will be back to the funds for PoM spending.

Just sent the donation for the unique PoM-II
Net amount: -10000.0002 XMG
Transaction ID: bd952680ed768361c1734031a9f83c4b811e41fd901eb56ea1af51eb75927d57

im in for 200 XMG

I donated 555.  I'm not sure what entity possessed me to do that.  I'm still taking my temperature and looking for other signs of delusional thinking.  LOL. 

[joelao95]

Thanks guys, so kind of you.

[joelao95]

Great move, joe！

To promote the new pool, I lowered the fee to 0 to the end of this month. My goal is to attract 1-4M hash power in total. Please check XMGpool.cf or
https://bitcointalk.org/index.php?topic=735170.msg10651790#msg10651790

Enjoy free mining!

Coming over to help 

Sent some hash too, and added to OP; donation is highly recommended to support pool running.

https://twitter.com/CoinMagi/status/574990864159735808

allready mining there 

hmmm thought i know it all, but whats OP and im donating  coz when the pools are good the coin is good 

OP = original post, i.e., the very first post of this thread. 

[joelao95]

I donated 555.  I'm not sure what entity possessed me to do that.  I'm still taking my temperature and looking for other signs of delusional thinking.  LOL. 

Sent PM, Lightsplasher. If you don't mind, we can talk your plan here, as I believe 111magic will be glad to hear that and may have ideas to help.

[111magic]

Yes there will be. Working on good and solid plan.
Also could use more donations.
At this moment fund for PoM-II is 10.000 XMG.

What is the address for donations to this fund? You can rely on me for 2000 XMG

Thank you, guys, here is the address:

99TPno3sPeUfDh9tq4To7xkLAYNQV1Qri1

The funds will be more than 20K, and we can be open for donations which will be back to the funds for PoM spending.

Just sent the donation for the unique PoM-II
Net amount: -10000.0002 XMG
Transaction ID: bd952680ed768361c1734031a9f83c4b811e41fd901eb56ea1af51eb75927d57

im in for 200 XMG

I donated 555.  I'm not sure what entity possessed me to do that.  I'm still taking my temperature and looking for other signs of delusional thinking.  LOL. 

Awesome Goldlabel and Lightsplasher. Thank you for your donation. It's great to see Magi-community is helping out. I said it before; together we can achieve a lot.