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

[Spexx]

BTW, did you do some earning comparison for the pools?

Well ... yes, but nothing more than keeping a few notes from my own mining returns since the very early days with this coin. At one time I had equal hashrates on two pools, then four pools. Returns in the short term varied widely. On some days, the smaller pool(s) would "get lucky" and generate a well-above-average return. Returns over the longer term tended towards roughly equal returns on each pool.

This result does makes sense. On a large pool, you will find blocks more often, but have to share the proceeds among a larger number of miners. On a small pool, you will find blocks less often but have to share the proceeds among a smaller number of miners. These factors tend to balance out over the long term.

One thing that did come out from the figures was that it was best to be on a smaller pool when the block rewards were higher (i.e. lower difficulty). I do not know exactly why this should be so - it's a kind of magic. It is as if sheer hashing power becomes less relevant when the difficulty is lower and "luck" comes more into play. I expect that somebody cleverer than me might be able to explain this effect using mathematics.

Edit: Looks like Maxminers is back onstream now.

[1713576962]

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[1713576962]

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[1713576962]

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[111magic]

BTW, did you do some earning comparison for the pools?

Well ... yes, but nothing more than keeping a few notes from my own mining returns since the very early days with this coin. At one time I had equal hashrates on two pools, then four pools. Returns in the short term varied widely. On some days, the smaller pool(s) would "get lucky" and generate a well-above-average return. Returns over the longer term tended towards roughly equal returns on each pool.

This result does makes sense. On a large pool, you will find blocks more often, but have to share the proceeds among a larger number of miners. On a small pool, you will find blocks less often but have to share the proceeds among a smaller number of miners. These factors tend to balance out over the long term.

One thing that did come out from the figures was that it was best to be on a smaller pool when the block rewards were higher (i.e. lower difficulty). I do not know exactly why this should be so - it's a kind of magic. It is as if sheer hashing power becomes less relevant when the difficulty is lower and "luck" comes more into play. I expect that somebody cleverer than me might be able to explain this effect using mathematics.

Edit: Looks like Maxminers is back onstream now.

Thanks Spexx for that info! Good to know pools are up and running!

[111magic]

http://youtu.be/2ZGe1dkTR4w

 

[Spexx]

Re: XMG Symbol Prize Fund

I have set up a non-staking wallet to receive donations for this fund. I have deposited 500 XMG into it, which is 250 XMG from me and 250 XMG from 111magic. Tx id  4093f3b6c18514d8bda86824f3156c3e005c44f8f851be3b5ff657bf943546b8 . If anybody else sent a donation for this fund to me personally then please PM me about it, as I have probably missed it on my wallet transaction list.

Any further donations to this fund should go to this wallet address:-

97bVCnhx8QmPJQFekK9wXuAvGSzhtSEXkp

The very observant among you will probably spot the fact that this address contains the words "Fek" and "SEX".

I could not have possibly contrived that to happen.

Could I?

[111magic]

https://twitter.com/ShadowRunnerBTC/status/577925300320874496

Check your account on CCEX if you use that!
CCEX hacked! Lost some XMG there!
Always use 2FA!

[111magic]

http://youtu.be/in3dFIXCP7k

If you can do better, show us!!!

[seeksilence]

Ͼ    http://www.fileformat.info/info/unicode/char/03fe/index.htm
GREEK CAPITAL DOTTED LUNATE SIGMA SYMBOL

[cryptonit]

http://www.cryptomagic.com/
is listed at https://chainz.cryptoid.info/xmg/#!crypto
as XMG website......

...guess that need to be fixed

[FedeOmoto]

Is there something wrong with MaxMiners pool?

It has been out for a long time now. This is exactly the same as HashHot, which never came back onstream. I lost a few XMG there - nothing to lose any sleep about but annoying just the same. All my pool accounts are set to pay out automatically every 10 XMG so I can never lose more than that

Join me on XMGpool in the meantime. You know it makes sense

Done! 

[ulfie]

Ͼ    http://www.fileformat.info/info/unicode/char/03fe/index.htm
GREEK CAPITAL DOTTED LUNATE SIGMA SYMBOL

I love this site, seeksilence.  Thanks!  I was able to look up the ones I suggested and see them and yours in a boat load of fonts that support these characters. It also makes it easy to test them from different browsers.

ɯ  http://www.fileformat.info/info/unicode/char/026f/index.htm "small turned m"
ʍ http://www.fileformat.info/info/unicode/char/028d/index.htm "small letter turned W"
₥ http://www.fileformat.info/info/unicode/char/20a5/index.htm "mill"
ℳ http://www.fileformat.info/info/unicode/char/2133/index.htm "script M"
µ http://www.fileformat.info/info/unicode/char/00b5/index.htm "micro"
μ http://www.fileformat.info/info/unicode/char/03bc/index.htm "mu"

[joelao95]

[Poll] Currency symbol for Coin Magi (XMG)

I created a poll thread, please feel free to vote for your favorite one. Also suggest me additional symbol, I will add it to the poll list.

https://bitcointalk.org/index.php?topic=994840.0

[joelao95]

http://www.cryptomagic.com/
is listed at https://chainz.cryptoid.info/xmg/#!crypto
as XMG website......

...guess that need to be fixed

sent a PM for correction.

[go6ooo1212]

[Poll] Currency symbol for Coin Magi (XMG)

I created a poll thread, please feel free to vote for your favorite one. Also suggest me additional symbol, I will add it to the poll list.

https://bitcointalk.org/index.php?topic=994840.0

Heh, just voted. I would suggest some more , but the community has already did variety choices.m😊

[111magic]

[Poll] Currency symbol for Coin Magi (XMG)

I created a poll thread, please feel free to vote for your favorite one. Also suggest me additional symbol, I will add it to the poll list.

https://bitcointalk.org/index.php?topic=994840.0

Heh, just voted. I would suggest some more , but the community has already did variety choices.m😊

Voted also. Indeed lot of options there!

[ElMacho20000]

Thanks and welcome in our great Magi community!
PoM infomation will follow this week. Keep eyes on the thread or Twitter!

Can't wait, too curious 

BTW, Nonce-Pool has been down for the last 8 hours.
Someone knows what happened?

[Spexx]

BTW, Nonce-Pool has been down for the last 8 hours.
Someone knows what happened?

I don't know what happened there, nor indeed do I know what happened to Maxminers a short while back.

I know what happened to the total network hash rate though. Losing the big miners at Noncepool dropped it right into the sweet spot around 22 Mh/s and the block rewards shot up to near max 50.

Mixed feelings about that ...

[111magic]

BTW, Nonce-Pool has been down for the last 8 hours.
Someone knows what happened?

I don't know what happened there, nor indeed do I know what happened to Maxminers a short while back.

I know what happened to the total network hash rate though. Losing the big miners at Noncepool dropped it right into the sweet spot around 22 Mh/s and the block rewards shot up to near max 50.

Mixed feelings about that ...

Nonce-pool back online again?

[MaxDZ8]

Mixed feelings about that ...

Indeed. Do you think they could have been botnets? I mean, with some degree of certainty.

[sleepdog]

Nonce has just come back up, looks like they were down for about 12 hours from the site graphs.

I'm moving at least some of my miners to a different pool. I need a simple failover script really.

[111magic]

Good to hear nonce-pool is back online.
Thank for the info.