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

[light85bit]

Since people seem to ask about the fluctuation in block rewards pretty frequently, I put together a responsive HTML/JS page that makes a pretty plot based on an input block number and difficulty range.
It outputs stuff like this:
You can play around with the actual plotter here: http://starflakenights.net/crypto/blockreward/xmg.html.

I hope it helps explain block rewards to someone down the line, but it was fun to finally figure out how Javascript works regardless.

As i see in this page, block height = 248823, if hashrate from 30 to 40 MHz, the reward will be 48-18 XMG,

But in real time, the network hashrate at this moment are 30-34MHz, but the newest block values only 5-6 XMG  instead of 47

[feldenthorne]

As i see in this page, block height = 248823, if hashrate from 30 to 40 MHz, the reward will be 48-18 XMG,

But in real time, the network hashrate at this moment are 30-34MHz, but the newest block values only 5-6 XMG  instead of 47

The block rewards are actually calculated using the average of the previous 2000 block difficulties... so the plotter is probably correct, but it operates as if your inputs are the average difficulty on the network, not the instantaneous difficulty.
So the average hashrate for the last 2000 blocks has apparently been ~46 MH/s.

It's possible to address this issue by keeping a log of block difficulties and performing a rolling average of the most recent 2000 blocks... but that's a lot of work.
It's probably easier to check the most recent block's reward and to use that as a guideline for where the hashrate is.

[Spexx]

While I am on here ...

Does anybody here know how to get Suprnova JSON pool stats downloaded into a file?

I can view them online using the URL and my API key, whether I am logged on or not, but can't grab them using wget.exe or curl.exe and the same URL/API key. I can do it with all the other pools - only Suprnova gives me a problem with the SSL connection. I tried contacting them but no reply despite a reminder, so I am a bit stuck on a bit of software development right now. Probably a good time to go have a beer

I'm also interested !

Still no reply from Suprnova, which is really frustrating. I have sent an email directly to admin at suprnova.cc asking for a reply to my previous two requests. In the absence of any reply, I will have no choice but to abandon a bit of software I have under development. This will not make me happy and we will all be diminished. One black mark awarded to Suprnova already.

[Spexx]

So the average hashrate for the last 2000 blocks has apparently been ~46 MH/s.

Yes that is bang on. I have been following the total hashrate from all the pools and recently the figure has been around 46 MH/s +/- 2 MH/s fairly consistently.

[light85bit]

As i see in this page, block height = 248823, if hashrate from 30 to 40 MHz, the reward will be 48-18 XMG,

But in real time, the network hashrate at this moment are 30-34MHz, but the newest block values only 5-6 XMG  instead of 47

The block rewards are actually calculated using the average of the previous 2000 block difficulties... so the plotter is probably correct, but it operates as if your inputs are the average difficulty on the network, not the instantaneous difficulty.
So the average hashrate for the last 2000 blocks has apparently been ~46 MH/s.

It's possible to address this issue by keeping a log of block difficulties and performing a rolling average of the most recent 2000 blocks... but that's a lot of work.
It's probably easier to check the most recent block's reward and to use that as a guideline for where the hashrate is.

Thanks for your info  
But i personally think that there is a problem with 2000blocks time....
- Magicoin has unique POW: if hashrate is high, the block reward will drop => high hashrate miners will not get much benefit than lower ones => they'll leave or use less hashpower => hashrate lower => block reward raises => lower hashrate miners who stay will get better block rewards.

But If block reward was caculated with average of 2000 blocks's hashrate:
- If hr is high => reward will drop => high hr miners will leave and mine another thing, until the reward raise again => they mine XMG again => lower hr miners who stay wont get good amount of XMG ( because event when reward high, they only get small amount of shares )

It happen because the time we mine 2000 blocks is long enough to high hr miners switch coins... If the time is shorter, high hr miners wont have enough time to switch.

Just my personal thought

[NeedIfFindIt]

While I am on here ...

Does anybody here know how to get Suprnova JSON pool stats downloaded into a file?

I can view them online using the URL and my API key, whether I am logged on or not, but can't grab them using wget.exe or curl.exe and the same URL/API key. I can do it with all the other pools - only Suprnova gives me a problem with the SSL connection. I tried contacting them but no reply despite a reminder, so I am a bit stuck on a bit of software development right now. Probably a good time to go have a beer

I suppose their SSL is limited to not go lower than TLS1.2. Wget does not support TLS1.2 and older versions of CURL does not support it either.

Try:
Get CURL from here:
http://www.paehl.com/open_source/?CURL_7.41.0
CURL 7.41.0->Download WITH SUPPORT SSL

and try:
curl.exe -k https://xmg.suprnova.cc/index.php -o abc.txt

Have fun 

[Spexx]

Try:
Get CURL from here:
http://www.paehl.com/open_source/?CURL_7.41.0
CURL 7.41.0->Download WITH SUPPORT SSL

and try:
curl.exe -k https://xmg.suprnova.cc/index.php -o abc.txt

btdt but thanks for suggestion.

Edit: Silly me had one version lower. Thanks for the fix.

[111magic]

Thanks for the post light85bit.
Good to know your thougths.
Thats one of the reasons Magi will launch a new PoM.
(Proof of Mining)
That development is still in progress.
After launch of Proof of Interest, the PoM will be the next campaign.
To receive fast info about Magi also follow Twitter: @CoinMagi & @103tango

[light85bit]

Thanks for the post light85bit.
Good to know your thougths.
Thats one of the reasons Magi will launch a new PoM.
(Proof of Mining)
That development is still in progress.
After launch of Proof of Interest, the PoM will be the next campaign.
To receive fast info about Magi also follow Twitter: @CoinMagi & @103tango

Wow what a great news! Thanks 111magic and Hail to the Magi Coin 

[Erkallys]

While I am on here ...

Does anybody here know how to get Suprnova JSON pool stats downloaded into a file?

I can view them online using the URL and my API key, whether I am logged on or not, but can't grab them using wget.exe or curl.exe and the same URL/API key. I can do it with all the other pools - only Suprnova gives me a problem with the SSL connection. I tried contacting them but no reply despite a reminder, so I am a bit stuck on a bit of software development right now. Probably a good time to go have a beer

I'm also interested !

Still no reply from Suprnova, which is really frustrating. I have sent an email directly to admin at suprnova.cc asking for a reply to my previous two requests. In the absence of any reply, I will have no choice but to abandon a bit of software I have under development. This will not make me happy and we will all be diminished. One black mark awarded to Suprnova already.

I can try to send us a PM. What exactly do you want to tell us ?

[Spexx]

I can try to send us a PM. What exactly do you want to tell us ?

Problem solved thanks to NeedIfFindIt. No thanks to Suprnova Needed latest version of curl.exe from here:-

http://www.paehl.com/open_source/?download=curl_741_0_ssl.zip

[Erkallys]

I can try to send us a PM. What exactly do you want to tell us ?

Problem solved thanks to NeedIfFindIt. No thanks to Suprnova Needed latest version of curl.exe from here:-

http://www.paehl.com/open_source/?download=curl_741_0_ssl.zip

You tried to PM ocminer ? He always replies. So the next time you need something, tell him. He's from Suprnova.

[111magic]

I can try to send us a PM. What exactly do you want to tell us ?

Problem solved thanks to NeedIfFindIt. No thanks to Suprnova Needed latest version of curl.exe from here:-

http://www.paehl.com/open_source/?download=curl_741_0_ssl.zip

You tried to PM ocminer ? He always replies. So the next time you need something, tell him. He's from Suprnova.

You can also find ocminer in the irc sometimes.
Btw this is nice:
https://bitcointalk.org/index.php?topic=948443.msg10952604#msg10952604
dsyahputera thanks and well done!

[hellscabane]

Howdy Magi community! I've been watching (as a lurker) this coin for a while (I've actually been mining it and have held some coins for a while).

Just want to say that I like what I see from you guys (and that I am participating in this POI campaign too! ^_^).

[111magic]

Howdy Magi community! I've been watching (as a lurker) this coin for a while (I've actually been mining it and have held some coins for a while).

Just want to say that I like what I see from you guys (and that I am participating in this POI campaign too! ^_^).

Thank you Hellscabane. Always good to hear nice words about Magi.
Welcome in our Magical community and enjoy the Proof of Interest!

[Erkallys]

Any ETA on the Android miner ?

[111magic]

Not yet Erkallys.
Magi received the maximum score, 7 stars on Trust verification.  Here the adjusted logo with 7 stars!
Well done Hefty.

[Spexx]

You tried to PM ocminer ? He always replies. So the next time you need something, tell him. He's from Suprnova.

Well yes I knew that, but figured that it was a good opportunity to test out Suprnova via the usual contact page, just like I was a regular punter.

[111magic]

Magi article.
http://cryptocoinupdates.com/coin-magi-xmg-proof-of-interest-2015-campaign/
or here
http://cryptomining-blog.com/4575-coin-magi-xmg-proof-of-interest-2015-campaign/

Funny ad from Cryptsy on the same page!

[cryptonit]

i want ur coin on cryptsy my main trading exchange u have a campaign running to get listed there?

@111magic  Magi XMG Proof of Interest 2015 is a great initiative thx for organicing it

magi did move in my investment priorities on slot 3 so u clear a horse i bet on

its not in investment amount on slot 3 because for that u are still to cheap

dont wana buy 25% of total coins

we have high respect about the achievements of magi dev team
and will include some of their stuff into DMD Diamond code

magi seems to me high undervalued compared to dev team and community size and activity