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

[logictense]

Why the address in our signature isn't visible ?

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

It's invisible because i got that signature. I am giving up on you meaning. I have my SIHBU.

[111magic]

Why the address in our signature isn't visible ?

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

It's invisible because i got that signature. I am giving up on you meaning. I have my SIHBU.

Do I miss something here?
I can see your address in your signature Erkallys.
Also see mine. Don't know what you mean.
Might be my less sleep.

---------------------------Edit---------------------
Keep eyes on the thread!
Awesome social media promotion will launch this weekend.

[Erkallys]

Why the address in our signature isn't visible ?

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

It's invisible because i got that signature. I am giving up on you meaning. I have my SIHBU.

Do I miss something here?
I can see your address in your signature Erkallys.
Also see mine. Don't know what you mean.
Might be my less sleep.

---------------------------Edit---------------------
Keep eyes on the thread!
Awesome social media promotion will launch this weekend.

I don't see the address on the signature ! Wtf  ?

[111magic]

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

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.

Thanks Joe.
Feel free to comment!

[jokowi]

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

Awesome...that's very good, XMG have good support

[111magic]

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

Awesome...that's very good, XMG have good support

Thanks Jokowi and welcome in our Magical Magi community!

[Callahan]

[img ]https://pbs.twimg.com/media/CBiDvk1UQAA-sQJ.jpg[/img]

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

haha, good move

[ray88]

Little pump, nice bump to 6k 

[111magic]

Magi XMG Proof of Interest 2015 Launch 01-April-2015

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

(quote twitter @103tango)

Banks give interest. Today, not much! Magi does this better!
The Coin of the Magi is the digital currency of the future, fair unique and for all people living everywhere!

Rules for first Magi Proof of Interest 2015!

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

When can I register to participate? Registration is now open!

How do I sign up? Tell me that you want to join the PoI here: http://bitcoingarden.tk/forum/index.php?topic=3265.0

What information should I include? Give your wallet XMG address in a post here: http://bitcoingarden.tk/forum/index.php?topic=3265.0 (only one address allowed to join)

I want to join the Proof of Interest but don't want to share my walletaddress? Just PM me the information.

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-juni-2015

What happens if I have more XMG in my wallet on 01-juni-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-juni-2015?
you will not receive any interest if you have more than 20% less coins in your wallet! (Drawback participant)

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

How will be interest 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. Team will check addresses random and record the coins in that address. Based on that the interest calculation will be done!

Who will pay the interest for this Proof of Interest campaign? I received the first donation of 25,000 XMG. On his request, the donor will remain anonymous!

Interest will be paid to the designated address wallet.
Changes during the Proof of Interest are not possible.
Exchanges or wallet address on an exchange are excluded from participation.

If you have questions don't hesitate just ask me.

Amazing how many people respond!

Register is still open.
The sooner you join, the more interest you receive!
This weekend the Enrolment will be closed.
More information about the closure of the enrolment will follow.

[Spexx]

Little pump, nice bump to 6k 

Luvverly stuff.

Told you something magical was happening. Did I not?

Ah .... smug mode enable

Onward and upward.

[xms]

wouw,

I'm in, with the proof of interest.

come on and join also, everybody can join the POI
http://bitcoingarden.tk/forum/index.php?topic=3265.msg89597#msg89597

and ik like the new loge with the 7 stars on it.
https://bitcointalk.org/index.php?topic=735170.msg10968757#msg10968757

gr xms

[Arah]

When I'm sign up for the proof of interest, what is happaning to my coins? am i allowed to mine more coins in this time? do i have to use a new wallet adress?

[Erkallys]

When I'm sign up for the proof of interest, what is happaning to my coins? am i allowed to mine more coins in this time? do i have to use a new wallet adress?

You're coins are still in your wallet, you don't have to create a new address and you can mine more coins.

[111magic]

When I'm sign up for the proof of interest, what is happaning to my coins? am i allowed to mine more coins in this time? do i have to use a new wallet adress?

Nothing you are still in control of your own coins. Sure you can mine.
If you have more coins at the end of the period (Proof of Interest) you will receive more interest!
You can use the same walletaddress.

[Arah]

so when i have 1000 coins in my wallet i get a bigger reward, and when i have 100 coins in my wallet i get less reward?

[111magic]

so when i have 1000 coins in my wallet i get a bigger reward, and when i have 100 coins in my wallet i get less reward?

If you start the Proof of Interest with 1000 XMG and you have 100 XMG at the end you will not receive any interest. (20% see rules)
If you start the Proof of Interest with 100 XMG and you have 1000 XMG at the end you will receive more interest!

[Spexx]

OMG !!!

XMG currently selling at 7500.

Hurrah!

Bloody right too

[111magic]

OMG !!!

XMG currently selling at 7500.

Hurrah!

Bloody right too

Its just the beginning of a new Magical Period!
There are still unique, awesome campaigns and developments coming!
 

[Spexx]

Its just the beginning of a new Magical Period!
There are still unique, awesome campaigns and developments coming!
 

If you did not know it already ... let me tell you ... you're a genius 111magic

[thefix]

OMG !!!

XMG currently selling at 7500.

Hurrah!

Bloody right too

Are you surprised?

I still think its a bargain if you see the community and Dev behind it along with all the features