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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375311 times)
Spexx
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April 02, 2015, 02:33:37 PM
 #7281

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

Innit just! Cheesy

111magic
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April 02, 2015, 03:58:00 PM
 #7282

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 Wink

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
Thanks for your nice words and welcome in the great Magi community. At the moment Magi is on the Cryptsy votinglist. Team might launch a campaign for that later.

Btw good to be back online Bitcointalk!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Erkallys
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April 02, 2015, 04:16:55 PM
 #7283

The XMG price jumped to $0,03 it's near 300%  Shocked !!!
Spexx
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April 02, 2015, 04:56:49 PM
 #7284

The XMG price jumped to $0,03 it's near 300%  Shocked !!!

Where did you see that? I have watched the steady rise in XMG price against BTC but that is nowhere near 30 percent, let alone 300 ??

PS Yes I will sell a few XMG at 3 cents each Wink

Erkallys
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April 02, 2015, 05:02:02 PM
 #7285

The XMG price jumped to $0,03 it's near 300%  Shocked !!!

Where did you see that? I have watched the steady rise in XMG price against BTC but that is nowhere near 30 percent, let alone 300 ??

PS Yes I will sell a few XMG at 3 cents each Wink

I see that on Cryptonator.
TrackCoin
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April 02, 2015, 05:15:14 PM
 #7286

Instant access for any transaction you can imagine with XMG... Smiley

111magic
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April 02, 2015, 05:25:01 PM
 #7287

Instant access for any transaction you can imagine with XMG... Smiley
Nice! Thanks Trackcoin.
Erkallys it's just the beginning of a new period.
I noticed my tweets reach more and more people.
Just a steady raise will be nice!
I like Magi growing step by step with the normal ups and downs.
Everyday more people notice the fair and unique coin of the Magi.
 Smiley
And there will a lot great developments and campaigns coming this year!
Remember 2015 will be a Magical year!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Spexx
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April 02, 2015, 05:33:20 PM
 #7288

I have this feeling in my waters. Great things are afoot. I am eager with anticipation. Something magical is going to happen. In fact it has already started. Just look at the shift in the market.

111magic
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April 02, 2015, 10:06:56 PM
 #7289

Keep voting for Magi on Cryptsy community!
Would be nice for Magi to be added on another big exchange!

https://www.cryptsy.com/coinvotes/

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Spexx
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April 02, 2015, 10:48:36 PM
 #7290

Urgent

Maxminers XMG pool needs more support. If you can switch over your hashpower it would be appreciated Smiley


111magic
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April 03, 2015, 03:16:30 AM
 #7291

Urgent

Maxminers XMG pool needs more support. If you can switch over your hashpower it would be appreciated Smiley
Spread the hashpower guys!
Some other nice news:

Message from Cryptoine:

#Cryptoine users will receive 100% XMG refund. Thanks to @coinmagi donation.
Unique #Magi community. Thank you for your cooperation. #XMG

Awesome Joe! Well done.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
joelao95 (OP)
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April 03, 2015, 04:16:15 AM
Last edit: April 03, 2015, 04:56:37 AM by joelao95
 #7292

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 Huh Huh

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  Wink
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 Tongue

Let me bring this up again. Actually the average is done for the past 100 blocks mostly; in other words, only the most recent 100 blocks affects the block reward. There is a complication behind the scene, and it's neither a simple average, nor a simple moving average.

The 2000 block average is here - rDiffAver:
https://github.com/magi-project/magi/blob/master/src/main.cpp#L987

However, rDiffAverEMA is the actual quantity of diff for block reward computation, which is done over the past 100 blocks. rDiffAver comes into effect in here: https://github.com/magi-project/magi/blob/master/src/main.cpp#L1022, simply providing a diff baseline. rDiffAver is used to determine diff deviation. The deviation gets either amplified or compromised; this way re-adjusts the "deviation" which is regarded as a normalization of the fluctuation to better deal with real situations. This is to discourage block reward due to big-miner caused great fluctuation of diff, while the effect of the natural fluctuation of diff needs to be mitigated (the diff compromising). When I look back this right now, I do realize the idea is complicated, while it seems that we do have stabilized the block reward. Any comments are welcome.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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April 03, 2015, 04:31:45 AM
 #7293

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 Wink

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

Thanks friend; please don't buy too much Smiley cause we're supposed to get coins into more hands.  Grin


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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April 03, 2015, 04:39:15 AM
 #7294

Urgent

Maxminers XMG pool needs more support. If you can switch over your hashpower it would be appreciated Smiley
Spread the hashpower guys!
Some other nice news:

Message from Cryptoine:

#Cryptoine users will receive 100% XMG refund. Thanks to @coinmagi donation.
Unique #Magi community. Thank you for your cooperation. #XMG

Awesome Joe! Well done.

Will wait for their response about when refund starts, then we will respond to that. I do hope Cryptoine will survive in this incident; seems like they have a plan.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
Spexx
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April 03, 2015, 07:08:26 AM
 #7295

Will wait for their response about when refund starts, then we will respond to that. I do hope Cryptoine will survive in this incident; seems like they have a plan.
They did say that they will be back. I certainly hope so too. They were my fav exchange and sorely missed now.

kondiomir
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April 03, 2015, 08:21:19 AM
 #7296

Cryptoine makes good move. Gain trust in their users! Respect!
111magic
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April 03, 2015, 08:23:45 AM
Last edit: April 03, 2015, 08:42:42 AM by 111magic
 #7297

https://bitcointalk.org/index.php?topic=1000833.0
Don't forget voting here for Magi

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Spexx
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April 03, 2015, 08:59:41 AM
 #7298

https://bitcointalk.org/index.php?topic=1000833.0
Don't forget voting here for Magi

Wot? Only five stars? Wink

111magic
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April 03, 2015, 09:24:49 AM
 #7299



Sorry thats the wrong one!
Here is the 7 stars picture!
Think I need more coffee. Wink

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Erkallys
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April 03, 2015, 10:06:52 AM
 #7300

Why the address in our signature isn't visible ?

@111magic : translation of the PoI will be done tonight Wink !
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