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

[light85bit]

Tremendously proudly i can announce that at this time the Fruitsclan are working on a new unique development!!!!
It remains a surprise! But a very good surprise!

And we are proud that we can do that for XMG

Thank you very much Goldlabel!

I dont know why but i have a feeling that this man has a sad smile 

[Spexx]

Thank you kindly

It's all cool. The problem we have been having is overmining. The XMG block reward value is not fixed and quickly drops to virtually zero when overmined. For the best illustration of this, visit this web page:-

Magi Block Reward Plotter

It is fairly easy to work out that the "sweet spot" on the graph is somewhere around 25 Mhashes per second total network hashrate. Now you only need 100 workers hashing away at 250 Khashes per second to achieve that total. We have a total of around 1000 workers right now, so you see the problem straight away, hopefully. It is a different concept to the usual "hash harder, more beer" regime of most cryptocoins.

[goldlabel]

Tremendously proudly i can announce that at this time the Fruitsclan are working on a new unique development!!!!
It remains a surprise! But a very good surprise!

And we are proud that we can do that for XMG

Thank you very much Goldlabel!

I dont know why but i have a feeling that this man has a sad smile  

Yup your right, but its a screen of the (i hope) fun movie im making , if you know the story then you know why hes looking that way  

[massiveman]

Thank you kindly

It's all cool. The problem we have been having is overmining. The XMG block reward value is not fixed and quickly drops to virtually zero when overmined. For the best illustration of this, visit this web page:-

Magi Block Reward Plotter

It is fairly easy to work out that the "sweet spot" on the graph is somewhere around 25 Mhashes per second total network hashrate. Now you only need 100 workers hashing away at 250 Khashes per second to achieve that total. We have a total of around 1000 workers right now, so you see the problem straight away, hopefully. It is a different concept to the usual "hash harder, more beer" regime of most cryptocoins.

Thanks for the explanation mate, was wondering why

[go6ooo1212]

Just filled the survey of PoM...

[kondiomir]

You proof that you have some magnificent skills!!!
I think you never gonna do that!!

Congrats mate  

[111magic]

haha for the people who are thinking what does he (kondiomir) mean i only can tell that they (kondiomir and go6ooo) are always joking to eachother!

[111magic]

FYI

The date the winners will be declared and receive their prizes on http://www.coinmagipuzzle.org/ is brought forward to coming Friday April 24th.

Great amigo! Thanks for the information!
I really like the coinmagipuzzle.

[Redrover]

Just did the PoM form, now to get to member status here 

[111magic]

Just did the PoM form, now to get to member status here 

Nice Redrover! Don't worry about that too much!
Did you won the price from Lightsplasher?
Think it was you right! Congrats well done.

[Redrover]

Just did the PoM form, now to get to member status here 

Nice Redrover! Don't worry about that too much!
Did you won the price from Lightsplasher?
Think it was you right! Congrats well done.

Yeah it was me (Virkol on irc), it's really fun when it gets active like this.

[111magic]

Just did the PoM form, now to get to member status here 

Nice Redrover! Don't worry about that too much!
Did you won the price from Lightsplasher?
Think it was you right! Congrats well done.

Yeah it was me (Virkol on irc), it's really fun when it gets active like this.

Yes its really great! Gamegear add the games to the irc! Thats fun!!!

[Redrover]

IRC is getting crazy now especially with kondiomir disconnecting every two minutes.

[kondiomir]

Hehe I've managed that!  Thank you for noticing 

[go6ooo1212]

Kondiomir's bad i-net connection is because he usually stealing inet from his neighbors...

[kondiomir]

Usually my internet is brought with buckets! What do you know..

[111magic]

Kondiomir's bad i-net connection is because he usually stealing inet from his neighbors...

haha like you guys! Little humor is always good!
All check and keep voting here:
https://www.cryptsy.com/coinvotes

Magi is going up!!

[feldenthorne]

Building on the great idea of Lightsplasher and his mountain in disguise (I hope he doesn't mind), I've started a game of Magi Trivial Pursuit over on the m-talk.org forum.

Further details are available on this thread:

http://m-talk.org/viewtopic.php?f=4&t=92

Answers may only be posted on that forum, and therefore you will need to register there.

There will be 10 questions. The first correct answer receives a 10 Magi reward, but the best answer receives a 15 Magi reward. More details at the above link. I hope a few people decided to play and it turns out to be a bit of fun.

If anyone was interested in this sort of thing, I just got very snappy in the Magi forum thread and it caused Phillc to decide to prematurely end his contest. I'm sorry if that affects anyone who wished to participate negatively. If you still wish to participate please post in his thread (above) and perhaps Phillc will reconsider and continue running his contest.

As for myself, I think I probably deserve to be banned for that behavior. It was detrimental to the community and its morale and I am sorry for that, but being sorry does not excuse what I did. If I cause even one person to leave the community or stop supporting it by lashing out, the one who should be leaving is me, not they.

[Londe]

PoM3 donated percentages from us older miners going to newer ones with limited hash rates for a set amount of time to help them started? Just a thought.

Nice idea! You mean this for POM3?

Why not? 1% goes automatically to the pool operator and we (the miners) never even notice it. So all that would really need to be done would have the donated % go to support PoM3 or have a separate dedicated donation option in the poll for it (so donations could still be made to the operator). The amount given to those who sign up could be based off a simple formula (their hash vs. donated hash) with a set max amount based off their hash. In this way PoM3 (donated) coin balance could be maintained. Those who would wish to take advantage of PoM3 would need to fill out a more strict set of rules. The team would need to know what they are mining with (to set a bias for max hash rate possible). A dedicated page for filing the forms would be needed (set up same way a faucet does to block the same user from getting rich off it). Just need enough hoops to discourage those who would abuse the system but not too much to stop a new miner. I think in this way we could give more to some1 with a Pentium Pro then some1 with an I7. multiple registrations from the same IP wouldn't be allowed this way, older miner could give back, and encourage new miners. Possibilities could be Mr. P. Pro getting 50-100% and Mr. I7 getting 1-20% more for lets say 3 months. Any one new could benefit, cheaters would be discouraged, and the rest of us would be pushing out the farms and helping the community grow. This would be a lot of work for the team but, I would donate to this would any one else? And yes I still have a Pentium Pro.

[goldlabel]

You proof that you have some magnificent skills!!!
I think you never gonna do that!!

Congrats mate  

Did he do it alone, or did he use that user guide for dummies, how to fill out a form?