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

[The Frisian]

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

[1714607887]

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[1714607887]

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[111magic]

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

Good idea the Frisian! I will take a look at some options for that! (PoS-II campaign)

[Spexx]

And spexx, why is your staking going extremely up and down?

My staking is relatively constant, but the rate at which I am mining POS blocks is variable, so the short-term stats go up and down in short periods of time. I might be lucky one hour, then not so lucky the next hour.

[cjambox]

Is there any min coin amount limit in pos ?

[111magic]

Is there any min coin amount limit in pos ?

Welcome in our Magical Magi community!

Here are some links with information:
Maybe they are convenient for you.     
https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269
https://bitcointalk.org/index.php?topic=735170.msg10025120#msg10025120
https://bitcointalk.org/index.php?topic=735170.msg10086494#msg10086494
https://bitcointalk.org/index.php?topic=735170.msg10182567#msg10182567

[K1lo]

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

[111magic]

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

Yes there are more faucet. I will post them later.
At a wedding atm
 

[goldlabel]

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

Yes there are more faucet. I will post them later.
At a wedding atm
 

Wow serious, i hope its not your own

[thdim]

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

There are 3 actually, check the end of my article i have a list of them.
http://thdim.istothesis.com/mining-your-first-coin/

But your question is actually very interesting, i would like to know as well how someone can build a faucet in xmg and if there is a ready solution for that.

[111magic]

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

There are 3 actually, check the end of my article i have a list of them.
http://thdim.istothesis.com/mining-your-first-coin/

But your question is actually very interesting, i would like to know as well how someone can build a faucet in xmg and if there is a ready solution for that.

Check this tweet  more faucets!


https://twitter.com/103tango/status/608697348491984896

There is another one. Post this one later!

[111magic]

https://bitcointalk.org/index.php?topic=1095475.msg11673502#msg11673502

New Proof of Mining Pool has own topic now!
Awesome to have a 2nd pool for the PoM.
Special thanks to Historical and Lahlor!

[lahlor]

https://bitcointalk.org/index.php?topic=1095475.msg11673502#msg11673502

New Proof of Mining Pool has own topic now!
Awesome to have a 2nd pool for the PoM.
Special thanks to Historical and Lahlor!

Awesome!
Thank you for the thread magic111

[K1lo]

https://twitter.com/103tango/status/608697348491984896

There is another one. Post this one later!

Oh yes I forgot about cryptospout, good site and I knew about multifaucet but their XMG payouts are rubbish..

[Masked_Immortal]

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Here are some links with information:
Maybe they are convenient for you.     
https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269
https://bitcointalk.org/index.php?topic=735170.msg10025120#msg10025120
https://bitcointalk.org/index.php?topic=735170.msg10086494#msg10086494
https://bitcointalk.org/index.php?topic=735170.msg10182567#msg10182567

tanx magic111  very good info, there were very usefull

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Hi,

The proof-of-work mining is much more difficult than the proof-of-stake mining.

You need some good hashing power with the program minerd.exe to earn some XMG from proof-of-work mining.

The hashing power for proof-of-stake mining comes from the XMG wallet when opened for staking and does not need to do much work to mine a proof-of-stake block.

A proof-of-stake block is worth a lot less than a proof-of-work block.

There is symmetry for you

and thank you Spexx, i have also redirected my little hash rate to your mentioned pool.

[Spexx]

and thank you Spexx, i have also redirected my little hash rate to your mentioned pool.

I noticed you

Despite that lowish hashrate, you mined a block yesterday. Nice!

[Spexx]

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

[111magic]

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

Magi XMG is not on that exchange!

[Spexx]

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

Magi XMG is not on that exchange!

Yes and hurrah for that! So much negative publicity about this exchange recently and a string of outages too. One has to wonder about their ability to survive.

[inspiron]

Hello ppl

how many coins need to in wallet for getting a good steak>?

5k coin enuf?

[Spexx]

Hello ppl

how many coins need to in wallet for getting a good steak>?

5k coin enuf?

Not bad. You should get around 0.25 XMG per day when staked correctly