Historical
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April 13, 2015, 05:42:39 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s?
Edit: And after reducing reward start with POM campaign.
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111magic
Legendary
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Activity: 1750
Merit: 1005
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April 13, 2015, 05:59:40 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s?
Edit: And after reducing reward start with POM campaign.
Might be good idea. Think Joe have to take a look at this idea.Thanks for the input.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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111magic
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April 13, 2015, 06:01:03 AM |
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Seems more and more people are starting to see how much Magi has to offer. Thank you 111magic I really appreciate it Thanks Karn. Welcome in our Magical Magi community!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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joelao95 (OP)
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Merit: 1009
Coin of the Magi!
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April 13, 2015, 06:29:17 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s?
Edit: And after reducing reward start with POM campaign.
I took a snapshot at this moment: hashrate 113.79 Mh/s with difficulty at 5.2989 (from http://poolinfo.coinmagi.org). When checking the history diff however: https://bchain.info/XMG/diff, the average diff is actually about 2 - 2.5. We could get very low block reward if we depress the value further down. Another consideration of using the current block value is to allow the further growth of miners. I'd think the number of miners right now is pretty below what we could get to the "normal scale". But yeah, alternative approach can be to implement hard fork whenever needed: to adapt to different situations, but that seems quite complicated. I see the about right of the XMG mined per day ( http://xmg.makejar.com/xmg-per-day/); considering the continue of XMG ranking up and catching up more attentions, the current block reward would be the room to make up the growth imho; either way, any ideas appreciated.
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z0n0
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Activity: 1274
Merit: 1006
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April 13, 2015, 07:22:23 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
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hugabase
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April 13, 2015, 07:30:32 AM |
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@joelao95
Why you don't change your avatar uses XMG logo..??it's can help the community boss
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111magic
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Activity: 1750
Merit: 1005
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April 13, 2015, 08:31:25 AM |
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@joelao95
Why you don't change your avatar uses XMG logo..??it's can help the community boss Think that avatar is from Magi. Magi: The Labyrinth of Magic is a Japanese anime based on a manga written and illustrated by Shinobu Ohtaka. It's all magic!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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MaxDZ8
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April 13, 2015, 08:56:41 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s? What do you think it will happen?
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111magic
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Activity: 1750
Merit: 1005
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April 13, 2015, 09:06:21 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s?
Edit: And after reducing reward start with POM campaign.
I took a snapshot at this moment: hashrate 113.79 Mh/s with difficulty at 5.2989 (from http://poolinfo.coinmagi.org). When checking the history diff however: https://bchain.info/XMG/diff, the average diff is actually about 2 - 2.5. We could get very low block reward if we depress the value further down. Another consideration of using the current block value is to allow the further growth of miners. I'd think the number of miners right now is pretty below what we could get to the "normal scale". But yeah, alternative approach can be to implement hard fork whenever needed: to adapt to different situations, but that seems quite complicated. I see the about right of the XMG mined per day ( http://xmg.makejar.com/xmg-per-day/); considering the continue of XMG ranking up and catching up more attentions, the current block reward would be the room to make up the growth imho; either way, any ideas appreciated. You are right about the more attention. Magi does receive more attention and thats nice!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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goldlabel
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April 13, 2015, 09:17:56 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work.
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z0n0
Legendary
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Activity: 1274
Merit: 1006
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April 13, 2015, 09:25:36 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work. Hmmm too bad. Hope we find some solution to lower hashrate of big miners...
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Historical
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April 13, 2015, 09:31:13 AM |
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What if we slightly reduce block reward for network hashrate above 25 MH/s.? Currently (Net hash = 122 MH/S) block reward is 2.8 XMG, what if reward would be 0.1 XMG for net hashrate above 25 MH/s? What do you think it will happen? Maybe big miners would reduce hash, because will be unprofitable for them. My opinion only..
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111magic
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Activity: 1750
Merit: 1005
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April 13, 2015, 09:33:04 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work. Hmmm too bad. Hope we find some solution to lower hashrate of big miners... We will! Other alternative option is: I buy his coins every day and donate them to the Proof of Mining campaign.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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z0n0
Legendary
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Activity: 1274
Merit: 1006
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April 13, 2015, 09:34:53 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work. Hmmm too bad. Hope we find some solution to lower hashrate of big miners... We will! Other alternative option is: I buy his coins every day and donate them to the Proof of Mining campaign. haha
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goldlabel
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April 13, 2015, 09:45:14 AM |
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i dont, he wants to buy my beautiful coins
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z0n0
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Merit: 1006
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April 13, 2015, 09:46:51 AM |
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i dont, he wants to buy my beautiful coins He'll buy just from big farmers limit your hashrate to fair amount and you're OK
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111magic
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Activity: 1750
Merit: 1005
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April 13, 2015, 09:51:23 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work. Hmmm too bad. Hope we find some solution to lower hashrate of big miners... We will! Other alternative option is: I buy his coins every day and donate them to the Proof of Mining campaign. haha Lol thanks nice picture!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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royalwebgrup
Member
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Merit: 10
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April 13, 2015, 09:54:06 AM |
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Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s
Hmmm i dont think that will work, if i look at myself, i have about 30 ip`s to use so i can (if i want) putt like 6000 kh/s to work. Hmmm too bad. Hope we find some solution to lower hashrate of big miners... We will! Other alternative option is: I buy his coins every day and donate them to the Proof of Mining campaign. haha Lol thanks nice picture! https://kiwiirc.com/client/irc.freenode.net/#magiis not active anymore huh?
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halfnode
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April 13, 2015, 11:23:03 AM |
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can't wait for the POM to start!
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