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

[traderman]

So If I understand correctly, the higher the hashrate the lower the block reward and the higher the network weight the higher the interest for POS?

[Spexx]

How much I should expect with AMD FX-8150 Eight-Core processor ? Passmark CPU Mark 9135

With the latest minerd? Probably in excess of 80 Kh/s.

with all 8 core, I would only get 80 khash/sec ?

I do believe that I said probably in excess of that. It would depend on the operating system and other factors. I have an AMD FX4100 4-core which is pushing out around 40 Kh/s under Windows 7 64 bit with the latest generic minerd.exe (it was just over 15 Kh/s with the original avx minerd.exe).

I should add that this 40 Kh/s is running 4 instances of minerd.exe with a single thread each. When I run a single instance of minerd.exe with 4 threads it only gives out 36.4 Kh/s

[hefty]

AMD FX-8150 stock,  90 khashs on win 8.1 64 bit with 8 instances of spexx last minerd

now falls of on 86 khashs so that s around that 86 to 90 max

now its stable at 11.xx per core

visheras are 12 - 13.xx per core

phenoms are 10.xx per core

haswells DC are 15.xx per thread

intel mobile are i3 4.xx i5 5 - 6.xx per thread

[hefty]

Hi, i need help how to check if i am staking

[wgd]

Hi, i need help how to check if i am staking

bottom right corner of the wallet, candles two crossed pickaxes

[hefty]

Hi, i need help how to check if i am staking

bottom right corner of the wallet, candles two crossed pickaxes

thanks they are greenesh colour so that means im staking, 

[111magic]

 

Hi, i need help how to check if i am staking

bottom right corner of the wallet, candles two crossed pickaxes

thanks they are greenesh colour so that means im staking, how much xmr s you get for 1000xmr per day while staking or how to calculate that if you know, thanks  

i put my pointer to pickaxes they say ill get reward in 3 days so how to calculate reward

0. Amigo this is the Magi (XMG) thread not xmr! 

[hefty]

lol to many different coins      

so how to calculate reward of xmg, you are dev right how to get invitation to official magi pool or when will registrations open

[NewtonsMthd]

Hi, i need help how to check if i am staking

bottom right corner of the wallet, candles two crossed pickaxes

Any way to check via the command line?  Didn't see anything in the header files.

[joelao95]

Thanks Joe,
I had the last few weeks the pressure at work.
The situation is better now, so I could share the idea that I discussed with you and developers some time ago...
Idea is to build some kind of "Magi price stabilisation project". That's not my idea, I found it somewhere and adapt it..
The project is based on BTC cloud mining (or something like that - LTC, X11). Daily / weekly BTC income from BTC cloud services will be used to purchase XMG on exchanges and to send them to participants (investors) at particular dividend.
But unlike the usual purchases at the sale price on exchange, daily/weekly earned BTC will be used to make buy orders with buy price. There is no instantly buying of XMG at sale price.
And here come some MagiC:
- long-term, BTC income from cloud service is long term, 3, 6, 12, 60 months.. So once invested some BTC in cloud mining provides long term receiving of XMG..
- long-term, "Price stabilisation" builds "buy wall", so Magi price can't drop if someone drop huge amount of XMG on exchange. Participants receive their XMG at buy price..
- long-term, if price go up, and buy orders are not executed, buy orders price will be moved slightly up with the price, that's what is goal of project. Increase of XMG price is what we all want !!

Normally, that is only my idea. Details will be adapted to what the community wants.
There are many BTC cloud mining services, some are good some not, some profitable some not, some reliable some untrustworthy, help and experiences of anyone are welcome..

If there is enough interest, I can start with that...

Historical, thanks for the details posted. I was thinking of this but felt not yet the time, either way it'll be good to see people's suggestions. I was 90% on this project as soon as you proposed the idea some time ago. If there is insufficient amout of BTC invested by the community, I / the magi team will try to raise up the amount. In other means, even without enough support from people, we will try to make it. We can decide how these coins are being spent in this case later on (e.g., team funds if possible). Ideally it will be very good being a project of the community. To me this is absolutely a nice one, and I'd push it forward in any form. I will be adding this as an official project; of course, this project can't be going without you. So I am sure we will have you in a reasonable long period, but let's arrange everything comfortably; I don't mind how much time taken to launch it . Basically my question is roughly how much BTC you have in mind in order to launch it.

Other than that, like Marcel mentioned, we have to find stable sources which allow mining service at least in one year long.

Joe mentioned this idea. In general, it's not a bad one. But I have doubts if cloud mining in the current situation really makes sense. BTC price is low and many established cloud mining companies are in trouble, probably need to suspend their mining contracts when price goes < $200 again.
In my opinion it will make sense when the price reaches some level of stability at $300 or even higher.

This is a good question; low BTC price also means the right moment for mining though, provided that we can find provider who have good reputation and allow us mining sufficiently long time. We may look into altcoin mining too. Options other than cloud mining might be buying mining rig and get it hosted somewhere, but this could never be an easy task.

Others, ideas?

I really like this idea, this could even out the big fluctuations and boost XMG up a bit. If you go the route of buying a mining rig, I could host it for you providing it doesn't draw 20A of current If and when you go on let me know if I can be of any assistance.

Regards

Thanks for the volunteer, sent PM.

@others, let us know if you have any idea; will you invest BTC and get XMG as a return if we launch this project?

[joelao95]

So If I understand correctly, the higher the hashrate the lower the block reward and the higher the network weight the higher the interest for POS?

This is right.

[jawitech]

@others, let us know if you have any idea

Of course I have got some ideas   Let's talk when you have some time. Didn't talk to you about as you said you have some stuff to do.

[joelao95]

so how to calculate reward of xmg, you are dev right how to get invitation to official magi pool or when will registrations open

It's kinda with complex math calculation, if you really want to see how calculation is done, I can post that. are you talking this pool? http://www.magipool.info. (looks like it's down, I'll check with operator)

Any way to check via the command line?  Didn't see anything in the header files.

USE: getinfo, and locate a line "expected time ...", notice the expected time is only an estimate.

[joelao95]

@others, let us know if you have any idea

Of course I have got some ideas   Let's talk when you have some time. Didn't talk to you about as you said you have some stuff to do.

No problem mate, we will discuss. 

[hefty]

so how to calculate reward of xmg, you are dev right how to get invitation to official magi pool or when will registrations open

It's kinda with complex math calculation, if you really want to see how calculation is done, I can post that. are you talking this pool? http://www.magipool.info. (looks like it's down, I'll check with operator)

Any way to check via the command line?  Didn't see anything in the header files.

USE: getinfo, and locate a line "expected time ...", notice the expected time is only an estimate.

Thank You, if/when you have time, its really not necesary if its complex and it will take you much time. I am checking that pool last few days once a day "We are currently not accepting new user registrations" i tought it was official pool and that you need invite or something nevermind then.  

[joelao95]

Thank You, if/when you have time, its really not necesary if its complex and it will take you much time. I am checking that pool last few days once a day "We are currently not accepting new user registrations" i tought it was official pool and that you need invite or something nevermind then.  

I'll check with Historical, he is running this pool.

[111magic]

Magi on Bitcoin event 2015 in Amsterdam, the Netherlands.
 

[joelao95]

Magically speedy

Here is the youtube link:

https://www.youtube.com/watch?v=Mh-OuU5T5nk&index=1&list=PL0y236gxG0OrL509-cpNjvjSl-1cnplOH
(at 4:02 or so)

[xms]

nice,

magi is here to stay!

[Spexx]

Windows 64 bit miner

I have updated this with a newer, smaller, slightly faster minerd.exe and it performs better with multiple threads too.

https://www.dropbox.com/s/ydk8z59wwgysh1e/Spexx-Wolf0-V2-generic-Win64-XMGminerd.zip

It is around 1.5 percent faster than the previous offering.

I have tried to build something for AVX and AVX2 instruction set support but I get a slightly slower minerd.exe when I do that. It is really quite odd!

This latest miner code responds to compiler flags in a completely different way to the earlier code. I do not know if this would work for Linux but I get faster code using -Os than with -Ofast.

Happy hashing