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

[Erkallys]

When will be available the videos of the contest ?

[light85bit]

Thank you, i made it

Oh and I wonder.... which one is better: multi threads or multi processes?
If i use multi processes, my worker's difficulty cant raise more than 2, lol but the hashrate remain the same as using multi threads.
Anyway, multi processes take more bandwitch, is that right, guys?

The hashrate using multiple processes is just a tiny teensie bit faster than using single process/multiple threads, but you have to benchmark/measure accurately to see it. You are right that using multiple processes will use more TCP connections and thus more internet bandwidth, but the bandwidth used by any one process is tiny anyway and the connection protocol used is very low on overheads, so it not really a problem.

The main benefit from using multiple processes is that it gives you the opportunity to connect to more than one pool and spread the hashpower across multiple pools.

Oh i see, but why do we have to spread the hashpower across multiple pools? So all the pools are active and live on?


And thanks NeedIfFindIt and cryptospout, i got XMG from your faucets already  . And to tell the trust, im really hate AD banners, and i alway have ad blocks programs running, but today the faucets addresses are the first exceptions, as my thanks to the faucets owners  About 0,1XMG/h is not a big amount with everyone, but with new miners like me, it's alot, lol. Thanks guys again.

[Spexx]

Oh i see, but why do we have to spread the hashpower across multiple pools? So all the pools are active and live on?

That is one reason, yes, but there is a general fundamental principle in all cryptocurrencies that no one party should ever control more than half the total hashpower. What I like most about spreading the hashpower across the pools is that no matter which pool mines a block, I get a share of it. Keeping an eye on the pools also allows me to divert hashpower to those pools in need of support from time to time. Ideally, we need at least 3 pools operating at any one time with each having roughly equal total hashpower running on them - very difficult to achieve in practice though.

You do not have to spread your hashpower. Nothing compels you to do so and there is no reason to feel guilty if you neglect to do so

Edit: Maxminers need a bit more support at this time

[111magic]

https://cryptospout.com/faucet/hourly_coin_magi_faucet.html
https://cryptospout.com/faucet/daily_coin_magi_faucet.html


Joe can you add these faucets also in the OP?

[Arah]

here are all faucets for xmg on one page...

http://www.reddit.com/r/coinmagi/comments/30m54f/xmg_faucet/

[111magic]

Thanks Arah! Very big btw! 

[mickey mouse]

Oh i see, but why do we have to spread the hashpower across multiple pools? So all the pools are active and live on?

That is one reason, yes, but there is a general fundamental principle in all cryptocurrencies that no one party should ever control more than half the total hashpower. What I like most about spreading the hashpower across the pools is that no matter which pool mines a block, I get a share of it. Keeping an eye on the pools also allows me to divert hashpower to those pools in need of support from time to time. Ideally, we need at least 3 pools operating at any one time with each having roughly equal total hashpower running on them - very difficult to achieve in practice though.

You do not have to spread your hashpower. Nothing compels you to do so and there is no reason to feel guilty if you neglect to do so

Edit: Maxminers need a bit more support at this time

Thanks, that explains it. To avoid the possibility of a 51% attack from a pool with more than half the total hashpower.

[Erkallys]

https://cryptospout.com/faucet/hourly_coin_magi_faucet.html
https://cryptospout.com/faucet/daily_coin_magi_faucet.html


Joe can you add these faucets also in the OP?

Cryptospout provides Magi ?!! My favorite faucet with y favorite crypto just can be something good !

[111magic]

Magi XMG Proof of Interest 2015

Earth is something Magical. Coin of the #Magi will show the magic of digital currency!

(quote twitter @103tango)

I'm working on the rules for first Magi Proof of Interest 2015!
I could use some feedback from the community.
Here some ideas:

The base is very simple.
Time period: The Proof of Interest will last two months.

How do I sign up? Tell me that you want to join the PoI. Where and how will follow.

What information should I include? Give your wallet XMG address
I will check the balance, and that balance will start participating in the PoI. (After confirmation participant)

When will I receive my interest? Interest will be paid on 01-06-2015

What happens if I have more XMG in my wallet on 01-06-2015? You will receive interest on the amount present in your wallet on that date. (Advantage participant)

What happens if I have less XMG in my wallet on 01-06-2015?
OPTION 1) you will not receive any interest! (Drawback participant)
OPTION 2) you receive interest on the amount present in your wallet on that date.

What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)

How interest is distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.

Please send me questions and comments/opinions on this subject.
I can take it in the finalization of the first Proof of Interest 2015.
Thanks for your time.

[go6ooo1212]

Wow , This PoI campaign looks huge , mate , thank you for that opportunity. I think this will awake big interest of the community !

[go6ooo1212]

Magic , please explain our great community the detail on participation on this great program PoI.
Should we send our wallet addresses with certain balance on email , or just we have to PM you with that info ?

[Erkallys]

Magi XMG Proof of Interest 2015

Earth is something Magical. Coin of the #Magi will show the magic of digital currency!

(quote twitter @103tango)

I'm working on the rules for first Magi Proof of Interest 2015!
I could use some feedback from the community.
Here some ideas:

The base is very simple.
Time period: The Proof of Interest will last two months.

How do I sign up? Tell me that you want to join the PoI. Where and how will follow.

What information should I include? Give your wallet XMG address
I will check the balance, and that balance will start participating in the PoI. (After confirmation participant)

When will I receive my interest? Interest will be paid on 01-06-2015

What happens if I have more XMG in my wallet on 01-06-2015? You will receive interest on the amount present in your wallet on that date. (Advantage participant)

What happens if I have less XMG in my wallet on 01-06-2015?
OPTION 1) you will not receive any interest! (Drawback participant)
OPTION 2) you receive interest on the amount present in your wallet on that date.

What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)

How interest is distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.

Please send me questions and comments/opinions on this subject.
I can take it in the finalization of the first Proof of Interest 2015.
Thanks for your time.

I'll translate that in French and post it on the French thread ! You're the best ! Also my balance is constantly growing by the staking and the faucets. So it will grow. Not a problem if understood correctly. Right ?

[go6ooo1212]

Please mates , don't put your wallet addresses on the main thread. We don't want the moderators to lock it for this

[111magic]

Please mates , don't put your wallet addresses on the main thread. We don't want the moderators to lock it for this

Right. Remember post above about The Proof of Interest is pre-post. Don't post walletaddress yet.
More information will follow asap.

[Erkallys]

Please mates , don't put your wallet addresses on the main thread. We don't want the moderators to lock it for this

Sorry. Removed it.

[digibob00]

Magi XMG Proof of Interest 2015

Earth is something Magical. Coin of the #Magi will show the magic of digital currency!

(quote twitter @103tango)

I'm working on the rules for first Magi Proof of Interest 2015!
I could use some feedback from the community.
Here some ideas:

The base is very simple.
Time period: The Proof of Interest will last two months.

How do I sign up? Tell me that you want to join the PoI. Where and how will follow.

What information should I include? Give your wallet XMG address
I will check the balance, and that balance will start participating in the PoI. (After confirmation participant)

When will I receive my interest? Interest will be paid on 01-06-2015

What happens if I have more XMG in my wallet on 01-06-2015? You will receive interest on the amount present in your wallet on that date. (Advantage participant)

What happens if I have less XMG in my wallet on 01-06-2015?
OPTION 1) you will not receive any interest! (Drawback participant)
OPTION 2) you receive interest on the amount present in your wallet on that date.

What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)

How interest is distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.

Please send me questions and comments/opinions on this subject.
I can take it in the finalization of the first Proof of Interest 2015.
Thanks for your time.

wonderful as always!

[111magic]

Magi community give me your choice/opinion for option 1 or 2 in my post. ( see text in red) thanks

[kondiomir]

Option 2 seems to be fair. IMHO.

[Erkallys]

Depends on the the amount in less. If there is more than 30% or 40% less, option 1 else option 2.

[go6ooo1212]

Option 2 seems to be fair. IMHO.

I don't think so , my friend. If someone participate with certain anount should be able to keep that amount all the time of campaign. I think there will be fair if the participant's amount falls during the campaign, to be expelled from it. That will secure the claimed interest during the PoI. So my opinion is 1st option with explained above details...