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

[Historical]

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.

[111magic]

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.

[111magic]

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!

[joelao95]

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. 

[z0n0]

Joe is it possible to add max hashrate per IP? Some kind of a rule, lets say max hashrate per IP ~200 kh/s

[hugabase]

@joelao95

Why you don't change your avatar uses XMG logo..??it's can help the community boss

[111magic]

@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!

[MaxDZ8]

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?

[111magic]

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!
 

[goldlabel]

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.

[z0n0]

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...

[Historical]

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..

[111magic]

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.
 

[z0n0]

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 

[goldlabel]

i dont, he wants to buy my beautiful coins

[z0n0]

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

[111magic]

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!

[royalwebgrup]

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/#magi
is not active anymore huh?

[goldlabel]

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

  Im oke then, i have seen the light 

[halfnode]

can't wait for the POM to start!