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

[z0n0]

Amen brotha

I can speak only for suprnova since I mine there, I see MagiSimpson is topdog over there for some time now, I don't know if he's here on forum following this thread but anyway: you should know that you (and some other big farmers) not doing anything good for yourself nor for Magi community. With hashrate that big you dont have any profit since reward is close to zero.

I completaly understand their point of view - its hard for them to cut down hash power if the other big miner don't, thinking "why should I reduce if the others won't?"
So we should/must find a solution that big miners (all of them) reduce their hash power for everybody's good.
The 1st thing that comes to my mind is: "bigger taxes for rich, smaller for poor". Meaning inventing something so the big miners will "have" to reduce power for them sakes.

@111magic you're doing great job with POM and all the other campaigns, like I already told you: keep the great work you're doing! You'll have all the support that you need from this amazing Magi community.
@hefty thanks for "getting" the point, like you said you could also mine with ~5000kh/s but you don't since there's no point of that. I just hope the other big miner will do the same.

I'm really skilless with pools, codes ecc...so don't know how this all works...but can we contact the pools and say to automatically add %fee above lets say 250kh/s? Bigger the hashpower-bigger fee? Is that doable?
Not even sure if that's a good move, it's just a quick thought. Maybe fee will get them to reduce power so we could all benefit from.

cheers guys

I certainly agree that the pool operators might like to do something about it. Their pockets are hit just as hard as miner's pockets. I might suggest going further than applying additional fees and actually going so far as to say that miners will not be credited with any shares over and above a certain level. That might drive the message home. However, we have to be aware that the smaller pools might be relying on one or two big miners just to stay in the game. That is one reason why it is so important to support the smaller pools. Get off Suprnova now - nothing personal about it - their market share is way above proportion and Noncepool too. Start supporting the two pools with less market share i.e. XMGpool and Maxminers. That way they will not be relying on big miners and might be more sympathetic to share-limiting or such like while still being able to maintain a significant market share.

Personally, I have a policy of switching the majority of my hashpower to the pool with the least support at any given time. I keep my eye on these things.

This gives me an idea for a new piece of software ...

Done
switched to xmgpool

[111magic]

Of course at least two


P.S. These are actually our easter eggs.  

You ate them? Your picture is gone!
---------------------------------------------------------
Really Magic now its back!!!

[Spexx]

Done
switched to xmgpool

I see you!

Some others got that message too it seems.

[goldlabel]

I will putt the rest of my miner also to Maxminers (this week)

[Spexx]

I will putt the rest of my miner also to Maxminers (this week)

Community power!

Good man

[111magic]

https://www.coingecko.com/en/coins/magi

Magi has risen 33 places in a short time! Few more and Magi will enter the top 100!

 

[Undead_Phenix]

MagiPay is down 

[Lightsplasher]

Amen brotha

I can speak only for suprnova since I mine there, I see MagiSimpson is topdog over there for some time now, I don't know if he's here on forum following this thread but anyway: you should know that you (and some other big farmers) not doing anything good for yourself nor for Magi community. With hashrate that big you dont have any profit since reward is close to zero.

I completaly understand their point of view - its hard for them to cut down hash power if the other big miner don't, thinking "why should I reduce if the others won't?"
So we should/must find a solution that big miners (all of them) reduce their hash power for everybody's good.
The 1st thing that comes to my mind is: "bigger taxes for rich, smaller for poor". Meaning inventing something so the big miners will "have" to reduce power for them sakes.

@111magic you're doing great job with POM and all the other campaigns, like I already told you: keep the great work you're doing! You'll have all the support that you need from this amazing Magi community.
@hefty thanks for "getting" the point, like you said you could also mine with ~5000kh/s but you don't since there's no point of that. I just hope the other big miner will do the same.

I'm really skilless with pools, codes ecc...so don't know how this all works...but can we contact the pools and say to automatically add %fee above lets say 250kh/s? Bigger the hashpower-bigger fee? Is that doable?
Not even sure if that's a good move, it's just a quick thought. Maybe fee will get them to reduce power so we could all benefit from.

cheers guys

I certainly agree that the pool operators might like to do something about it. Their pockets are hit just as hard as miner's pockets. I might suggest going further than applying additional fees and actually going so far as to say that miners will not be credited with any shares over and above a certain level. That might drive the message home. However, we have to be aware that the smaller pools might be relying on one or two big miners just to stay in the game. That is one reason why it is so important to support the smaller pools. Get off Suprnova now - nothing personal about it - their market share is way above proportion and Noncepool too. Start supporting the two pools with less market share i.e. XMGpool and Maxminers. That way they will not be relying on big miners and might be more sympathetic to share-limiting or such like while still being able to maintain a significant market share.

Personally, I have a policy of switching the majority of my hashpower to the pool with the least support at any given time. I keep my eye on these things.

This gives me an idea for a new piece of software ...

Well, I think things will work out, we've kind of hashed out the high hash rate whale issue ad nauseam but maybe we can add something to help out the whales...

I haven't tried this but it seems possible to setup the Magi Multipool to payout when mining with the quark algorithm, (I think this is for CPU mining too).  When the Magi block reward drops, we could have the CPU hash switch to the Multipool and mine with quark (or other CPU algo), and then pay out in XMG. 

Using the multipool could also be a part of PoM because you are providing buy support that is helpful. 

In a way, this might be good for the other coins too if they learn to start limiting their block rewards like XMG does.  (I think this might reduce overall energy use and retain more value in the coin communities supporting the coin if they patterned their block rewards after Magi)  In any case it seems like the whales could hash away for now with all CPU's a blazing and potentially get a much better payout in XMG for the same hash rate, (if that is their goal).  Modifying the sweet spot miner or putting out some directions for doing it might help encourage people to try this.

[111magic]

MagiPay is down  

Might be getting some updates.
 
Thanks Lightsplasher for giving some ideas.

Wanna buy a nice watch with XMG
Magi XMG accepted here:
https://www.facebook.com/NkcomCollectionShop
Nice watches, shoes or other merchants!
 
Joe add this one in the OP pls.

[111magic]

Even in minecraft we are mining XMG 

Goldlabel remember to add this picture to the World Online Campaign! (Bitcoingarden give-away)

[joelao95]

I wonder why my staking weight is lower and lower  I dont spend a single coin, only receive.... 

Send all your coins to yourself, then watch it over the next few days.

Oh, you mean send all to one of my address?

Yes. I created a new incoming address that I call "Staking" and send all the coins to that.

How many coins in staking? The stake weight depends on the amount of coins. (non-linear)

Added a few prior posts to OP too; someone asked for some info:

https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269
https://bitcointalk.org/index.php?topic=735170.msg10025120#msg10025120
https://bitcointalk.org/index.php?topic=735170.msg10086494#msg10086494
https://bitcointalk.org/index.php?topic=735170.msg10182567#msg10182567

[joelao95]

I don't know how to install it, I just know how to download it

If you have the GMP source, you need to compile it.

./configure --enable-cxx --enable-static --disable-shared --enable-alloca=alloca
(note1: you may have to specify --build=[your hardware] if config.guess gets it wrong)
(note2: using static library gives you a faster miner than shared library)

make

make check (optional test suite before installing)

make install

then run your minerd compile again.

Incidentally, you need other libraries too, such as CURL. Installation is much the same.

I will continue this tomorrow, thank you before, Spexx

Also try for debian-like os:

Code:

sudo apt-get install libgmp-dev

[joelao95]

MagiPay is down 

It could be down & up randomly; doing some fixing.

[joelao95]

Even in minecraft we are mining XMG  

Seems like I missed a lot fun here. This pic is pretty appealing to kids.   Thanks to goldlabel.

[feldenthorne]

I don't know how to install it, I just know how to download it

If you have the GMP source, you need to compile it.

./configure --enable-cxx --enable-static --disable-shared --enable-alloca=alloca
(note1: you may have to specify --build=[your hardware] if config.guess gets it wrong)
(note2: using static library gives you a faster miner than shared library)

make

make check (optional test suite before installing)

make install

then run your minerd compile again.

Incidentally, you need other libraries too, such as CURL. Installation is much the same.

I will continue this tomorrow, thank you before, Spexx

Also try for debian-like os:

Code:

sudo apt-get install libgmp-dev

To put it very concisely, a Debian-based OS can just use to following command to install all the dependencies listed in the readme:

Code:

sudo apt-get install libjansson-dev libcurl4-openssl-dev libgmp-dev libcurl-dev

And if it ends up complaining about openssl after that, for some reason, you can run:

Code:

sudo apt-get install libssl-dev

For other Linux-based OSes, the package names are generally the same across distributions so you can likely use them along with your distribution's package manager's syntax without going hunting.

[joelao95]

Update on the m-face team members:

Old MagiTeam members (mostly remaining in the m-face as well)
111magic, SamWalters, ex33s, jawitech, Blackcoiner, xmgmx

New members in extended MagiTeam (m-face)
kondiomir, go6ooo1212, prfagun1, digibob00, BitcoinFX, NeedIfFindIt, Spexx, hefty, Lightsplasher, Historical, Erkallys

https://bitcointalk.org/index.php?topic=735170.msg10559436#msg10559436
(it's very ease to join, just let me know if you intend to be one of us)

Here we welcome Erkallys!

As I spoke to Erkallys when he asked to join, the current status is that "I am barely able to push the m-project forward effectively right now". So now the project is no more than a name; other than that the growth of members is an indication in part the growth of the community though. Some stuffs of mine I have to deal with need settling down, afterwards I will turn the most of time currently spent somewhere back to the coin stuffs and push the m-project forward. Special thanks to all people around in the community, posting and answering questions. I do see our special members here since the beginning. That's the merit of the magi.

[z0n0]

Magi World Online Campaign!

Magi (XMG) the unique coin of the future
launches the Magi World Online Campaign
This multiple promotion campaign rewards current community members by receiving some extra XMG and offers new members the opportunity to become acquainted with the Coin of the Magi and receive their first XMG for free.
The tour consists of multiple assignments for which you can receive some XMG.

Check here: http://bitcoingarden.tk/forum/index.php?topic=3315.msg89738#msg89738

Task 3: signature and posts ✔

Task 4: mining on XMGpool, username zono

Task 5: https://instagram.com/p/1NmiJwHHDD/

Task 10: avatar picture changed ✔


That's for now, will continue with other tasks

[111magic]

Welcome Erkallys in the Magical Magi team!

Well done Z0n0!

[111magic]

As we all notice more and more people joining the Coin of the Magi and our Magical community!
For that Magi is looking for people who speak Spanish, Italian, German or other languages not yet present in our Magical Magi team.
If you do and have some time for translations sent me a pm plz. Thanks in advance.
Magi will keep on growing with awesome developments and great campaigns.
 

[goldlabel]

Even in minecraft we are mining XMG  

Seems like I missed a lot fun here. This pic is pretty appealing to kids.   Thanks to goldlabel.

  missed? missing you mean, alot of kids play it but there are far more older people who are playing this game