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

[hefty]

just checking new signature  

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[Mergesort]

Is it possible to change what the hashing power of all the miners is used for? What i see right now is that there is a shift to coins that don't let you hashing power go to waste like most coins do right now. Some coins are starting to give it a purpose like folding proteins or doing other calculations for a good cause or at least for something else. There are coins starting to use your cpu, gpu and even your harddrive to mine for a reason. Giving out your harddrivespace for rent or you cpus and gpus power so that someone can calculate their stuff. I guess these coins have a future compared to those that just waste the computing power used. Is it possible to change Magi to do the same? Not just currencies are getting decentralized there is so much more decentralitation going on and it should not be ignored. This process will need a lot of computerpower and harddrivespace and any coin that is not giving their power to that process might die.

This is appealing to me, since me, myself doing research stuffs too. I was ever trying to find a way to make the algo much meaningful by using it for some purpose, but failed to see the importance of that, and the way we can make it really meaningful. Then I decided to mess up something. I don't know the bio stuffs though, but was trying to figure out primecoin which searches for prime numbers. I admit appealing of its achievement, but who really cares about that, and that doesn't really sound science, to me. It is fun by achieving historical record, we can make efforts aftering "perfect", for example, finding the pi number: http://www.angio.net/pi, but does that really matter using 200 number of pi or 100 numbers in computation? It's perfectly fine running a PC for few days to figure it out, but totally waste having 1000 PC for this task again and again.

As an example, 1000 pc running for searching a PoW question, one found the solution, aka, minting a block, whilst the efforts of other 999 pc are simply wasted at the time when one of them found the solution. Importance which makes sense is to use the network hashing power concurrently, and find something that really needs repetition of solving.

I don't see the impossibility of finding algo which does this purpose (let me know if other coins did, like the one folding proteins did?). If not, we should take a look at the wasted hashing power in maintaining the block chain, e.g., the primecoin or the one doing protein cal, and compare that with the hashing power used in magi. I think one can easily figure that out.

I agree doing science or making it something is better than none, but that is just an appealing point, and that is totally nothing if not doing right. I keep thinking / finding the purpose of a cryptocoin. A coin should maintain this purpose a coin is supposed to be; being emphasizing on other stuffs without addressing the original purpose is mostly trivial. A coin should at least aim at saving energy, keeping distribution fair, mining accessible to most of people, a purpose I've viewed.

Point me anything I missed. I open to any suggestions, and surely to the direction we can make change to something meaningful. The algo change doesn't matter the magi design, so we have room for that purpose, being "science" and without compromising the purpose.

I think karma coin is one coin that tries to use the computer power to do good(i don't know what algo they use). I am realy only like two weeks into cryptocurrency and have yet much to learn. But i was looking for good coins, thats why i came to magi. It's kind of unique with it's M7 algo. But i found others too. Storj and maidsafe try to use your hdd space to create something like a decentralized dropbox and more. Etherium is trying to do much more and i realy can't explain how, but it sounds like they are trying to decentralize the whole internet. Burst is atleast power efficient by mining files on your hdd, but they too want to create decentralized storage in the future. And to be honest i only see a future for coins with a purpose for all this computation power and hdd space.

[111magic]

Thanks for sharing your opinion!
Nice signature hefty!!

[joelao95]

I think karma coin is one coin that tries to use the computer power to do good(i don't know what algo they use). I am realy only like two weeks into cryptocurrency and have yet much to learn. But i was looking for good coins, thats why i came to magi. It's kind of unique with it's M7 algo. But i found others too. Storj and maidsafe try to use your hdd space to create something like a decentralized dropbox and more. Etherium is trying to do much more and i realy can't explain how, but it sounds like they are trying to decentralize the whole internet. Burst is atleast power efficient by mining files on your hdd, but they too want to create decentralized storage in the future. And to be honest i only see a future for coins with a purpose for all this computation power and hdd space.

Thanks for getting into magi. I'd tell you, magi's unique is not about the algo, at least not any more, but about the hybrid PoW/PoS-II, PoW design, and the PoS-II which gets accepted more or less now.

I won't reject new stuffs, but I am not yet fully confirmed by putting efforts into creating something new, standalone. Bitcoin and Peercoin are good enough; we basically don't need many other stuffs, what we need are to keep improvements by standing top of prior works, rather than creating new completely which is simply a waste. In that way, we can step into a more advanced system. If magi deserves some merits, I like to see people make use of those to advance forward further. Surely people can create completely new which is far beyond the bitcoin. Those "new" stuffs are exactly where scam coins are born. People like new, so scams just create new to feed people, is that about it?

And yeah, I don't yet look into these coins, so basically I can't argue much, will do some research.

[hefty]

If you want to help increasing the XMG price, put some hashrate at our multipool

https://multi.magipool.info/

You can mine different algos with GPU and ASICs.

jawitech your pool site is down but miners are connected and hashing

[111magic]

Great community, think its time for Magi (XMG) to have a new nice and modern video.
Magi is the coin of the future and a modern video would fit very good.

So i would like to start a video contest.

The task is simple: Create a modern video of the Magi (XMG).
Use your imagination. It can be a handy video include how a starter can easily mine XMG or a promotional video.
Minimum time duration of the video is 90 seconds.

If we have enough participants we put an end-date for posting the video link here in the thread.
Then I create a new topic with all the video links
Everyone can vote for which video is best for the Coin of the Magi.
Prize money at this moment:
1st 2000 XMG
2nd 1500 XMG
3rd 750 XMG

Any questions just ask!

[kondiomir]

Nice rewards. Wish I can make it but I dont have skills

[go6ooo1212]

Nice contest magic , now I should learn how to compile cool videos

[hefty]

Great community, think its time for Magi (XMG) to have a new nice and modern video.
Magi is the coin of the future and a modern video would fit very good.

So i would like to start a video contest.

The task is simple: Create a modern video of the Magi (XMG).
Use your imagination. It can be a handy video include how a starter can easily mine XMG or a promotional video.
Minimum time duration of the video is 90 seconds.

If we have enough participants we put an end-date for posting the video link here in the thread.
Then I create a new topic with all the video links
Everyone can vote for which video is best for the Coin of the Magi.
Prize money at this moment:
1st 2000 XMG
2nd 1500 XMG
3rd 750 XMG

Any questions just ask!

im in
can video be animation made in c4d or after effects etc or it must be short add shoot with camera, and do you have link where i can find vector of magi logo ill. or eps file

[111magic]

Hmm think Joe must post that one.
Or is this one ok?


https://i.imgur.com/hPkcOad.png
https://i.imgur.com/ptePzKx.png

-----------------------------------------------------------------------------------------------------------------------------------------------------------------
It's big one! sorry!

[jawitech]

If you want to help increasing the XMG price, put some hashrate at our multipool

https://multi.magipool.info/

You can mine different algos with GPU and ASICs.

jawitech your pool site is down but miners are connected and hashing

Thanks for heads up. It's not my pool, I'm just trying to get some attention to it.
Joe is in contact with the operator, guess he will drop him a line.

[seasonw]

Okay, somehow I won to use a few hours of 20 VPS of 32 core from Sema89, thank you very much

Here I would like to share my comparison of 10 VPS with XMG and 10 VPS with DSH. Why DSH? Because I found DSH is much profitable compared to BCN, XMR, etc.

XMG earned 0.00206036BTC and DSH earned 0.00056287BTC. Clearly state that XMG is ~3.66X profitable than DSH, even with difficulty increase on large hashrate. So the winner issssssssssssss Coin Magi 

and

P/S: Just edit the DSH profit because total mined with PPLNS is abit late from minergate.

[111magic]

Nice! Remember Magi is the unique coin of the future! Remember this post at the end of 2015!

Great community, think its time for Magi (XMG) to have a new nice and modern video.
Magi is the coin of the future and a modern video would fit very good.

So i would like to start a video contest.

The task is simple: Create a modern video of the Magi (XMG).
Use your imagination. It can be a handy video include how a starter can easily mine XMG or a promotional video.
Minimum time duration of the video is 90 seconds.

If we have enough participants we put an end-date for posting the video link here in the thread.
Then I create a new topic with all the video links
Everyone can vote for which video is best for the Coin of the Magi.
Prize money at this moment:
1st 2000 XMG
2nd 1500 XMG
3rd 750 XMG

Any questions just ask!

[hefty]

its good that is big i was thinking to make 3D magi coin that way it will be easy to animate it and it will look better but if you dont have any vector i can make splines in illustrator over that picture you posted and import in cinema4d but it will take more time, i can make animations and adds but im not that fluent in english it would be great if someone join me and make text for ad in english with tehnical part of magi coin only short and simplified.

[111magic]

Nice amigo!
If you need help just ask here in the thread!
There are enough people who can help you.
Thats one of the great things of this communty, helping eachother!

[jawitech]

Good luck to all participating in this contest.

If you need some ideas, what to make a video about:

For crypto newbies, it could be interesting to see how some tasks are done, like installing the wallet, setting up the miner, how to buy / sell coins and so on. Some educational videos are always helpful. I remember when I searched for videos on youtube when setting up my ASICs for the first time ^^

[hefty]

Good luck to all participating in this contest.

If you need some ideas, what to make a video about:

For crypto newbies, it could be interesting to see how some tasks are done, like installing the wallet, setting up the miner, how to buy / sell coins and so on. Some educational videos are always helpful. I remember when I searched for videos on youtube when setting up my ASICs for the first time ^^

great ideas, educational movies are must for any coin to be on official website yet non coin have them i need to stop hashing with one machine and start instaling adobe mc on it ill do that tommorow. See you guys its late here or early in the morning 

[Mergesort]

The moment people see a batchfile or cmd window they will lose interest, most of them at least. Only people with a fable for this stuff will really care about it. So how about changing that contest to something better. Why not making it a programming contest. A open source gui for mining magi, where you only need to input stuff an press run or the less you have to input the better. Prefering a gui where you only have to selekt stuff, like what pool, how many cores to use and so on. All the other stuff can happen in the background. You would get way more supporters for this coin as there are soooo few coins that have gui miners. After that you can care about marketing and getting it to the tech casual crowd.

[jawitech]

The moment people see a batchfile or cmd window they will lose interest, most of them at least. Only people with a fable for this stuff will really care about it. So how about changing that contest to something better. Why not making it a programming contest. A open source gui for mining magi, where you only need to input stuff an press run or the less you have to input the better. Prefering a gui where you only have to selekt stuff, like what pool, how many cores to use and so on. All the other stuff can happen in the background. You would get way more supporters for this coin as there are soooo few coins that have gui miners. After that you can care about marketing and getting it to the tech casual crowd.

Nice idea. Joe already made a GUI miner, but as far as I know the latest improved miners are not implemented yet
https://bitcointalk.org/index.php?topic=848697.msg9453656#msg9453656

In general, I agree with you. Magi is not made to only attract a few high hashrate miners, the opposite is the plan. We rather prefer 10,000 miners with 20 kh/s each than 10 with 20 MH/s. But to achieve this, we need more people than the ones already familiar with mining. And to attract them, it should be as user-friendly as possible.

Unfortunately, we lacking the most important thing to realize that now....time! It's on the todo-list and will be improved. We're working on user-friendly tutorials, websites and other stuff. But it takes some time until it's finished.

But that doesn't mean we would encourage the community to provide their skills (i.e. programming skills)  
If you want to contribute and have programming skills, contact Joe, 111magic or myself via PM. There are some ideas in our minds that wait for realization.
Even without a contest, I'm sure some donations will be yours.

[Mergesort]

The moment people see a batchfile or cmd window they will lose interest, most of them at least. Only people with a fable for this stuff will really care about it. So how about changing that contest to something better. Why not making it a programming contest. A open source gui for mining magi, where you only need to input stuff an press run or the less you have to input the better. Prefering a gui where you only have to selekt stuff, like what pool, how many cores to use and so on. All the other stuff can happen in the background. You would get way more supporters for this coin as there are soooo few coins that have gui miners. After that you can care about marketing and getting it to the tech casual crowd.

Nice idea. Joe already made a GUI miner, but as far as I know the latest improved miners are not implemented yet
https://bitcointalk.org/index.php?topic=848697.msg9453656#msg9453656

In general, I agree with you. Magi is not made to only attract a few high hashrate miners, the opposite is the plan. We rather prefer 10,000 miners with 20 kh/s each than 10 with 20 MH/s. But to achieve this, we need more people than the ones already familiar with mining. And to attract them, it should be as user-friendly as possible.

Unfortunately, we lacking the most important thing to realize that now....time! It's on the todo-list and will be improved. We're working on user-friendly tutorials, websites and other stuff. But it takes some time until it's finished.

But that doesn't mean we would encourage the community to provide their skills (i.e. programming skills)  
If you want to contribute and have programming skills, contact Joe, 111magic or myself via PM. There are some ideas in our minds that wait for realization.
Even without a contest, I'm sure some donations will be yours.

I am not that skilled enough to realy help you, even though i want to. The most i could do was create a batch installer that installed a miner to a certain location and added a vbs script to the autostartfolder that runs the miner that was installed to run in the background on startup without any windows open. Time is my problem too right now. I am a student and i got some really important exams over the next 2 month with the next exam next friday(my time). I always wanted to be able to program in whatever language but never really got things going :/