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

[sleepdog]

Network hash @ 90Mh/s!?

Total hashrate on poolinfo is ~35Mh/s.

[Spexx]

Network hash @ 90Mh/s!?

Total hashrate on poolinfo is ~35Mh/s.

That happens all the time. The nethashrate figure is not directly measured but estimated from the time taken to mine previous blocks. If a previous block was mined very quickly as fluke event, the estimated nethashrate figure can be very high and of course wildly inaccurate. The opposite can and does happen too - if a previous block took a very long time to mine, the estimated nethashrate figure can be very low and wildly inaccurate just the same.

The total hashrate given by the Poolstats utility is derived from the totals reported by the pools and is usually fairly accurate, although not entirely so. There can be some variance there as well but it tends to average-out over a relatively short time.

I'm afraid of Phi will kill "generic" cpu xmg-mining like gpu and asic killed btc/ltc mining

If people are completely stupid and throw everything they have at the XMG blockchain with whatever hardware and software they have, yes it will kill the block rewards and be self-defeating. We see this kind of thing already. Excessive hashpower can be directed at the XMG multipool using another mining algorithm though and people can get paid in XMG, so it need not be a problem.

[Spexx]

Here is a little something that might help people out when setting up a new XMG wallet. You know how annoying it is when you set up a new wallet on a new machine and it takes hours upon hours to synchronize?

You need a blockchain snapshot. I will be providing a fresh blockchain snapshot every few days on the following links:-

For Linux and Windows etc where you have an unzipping utility
Zip file: https://www.dropbox.com/s/vda52xjkgk8wxsq/snapshot.zip

For Windows where you do not have an unzipping utility
Self-extracting Exe: https://www.dropbox.com/s/0vbezqzwgrsa49z/snapshot.exe
This extracts the files to the user %TEMP% folder for you.

These files [blk*.dat] are about 300 Mb (zipped) at the moment and can take some time to download.

All you have to do is copy the unzipped files to the working folder - on Windows this is %appdata%\Magi -  then start the wallet application and it should synchronize within minutes.

You need about 1.3 Gb of free disk space with the current size of the blockchain. This requirement will increase over time. The snapshot download is currently about 300 Mb, the temporary extracted files take up about 500 Mb and the final copy in the working folder takes up another 500 Mb. You can delete the original download file and the temporary extracted files after copying to the working folder so you can reclaim about 800 Mb afterwards.

Hope this helps


Facility removed due to excessive download abuse. Sorry

[111magic]

Nice Spexx! Thanks.

[111magic]

Long list of coins who will delisted from Bittrex!!

Yeah I got that email and my jaw dropped. Imagine my relief when I could not find XMG on the list!

Here is another sneak preview of what is coming bundled with Autominer v4. Special thanks this time to Lightsplasher for the artwork and introducing a new bit of magic - "TempMax". With this new feature, you can prevent your CPU from overheating due to mining activities. It will limit the speed of the miner automatically so that the CPU core temperature will not exceed the figure you select. Now that's magic.

Not bad impressed .

Really awesome. I like the one with the kiss!

Just a little more patience amigo!!

[111magic]

https://www.youtube.com/watch?v=jpvpO0OE7Dw

https://www.youtube.com/watch?v=7EkAbPacS7c&feature=youtu.be

Think Magi (XMG) is ready for some new video's

There is a reward waiting for a cool and modern Magi video!!!



https://www.cryptsy.com/coinvotes
Keep on voting guys! Magi is doing awesome on Cryptsy voting-list
Look at the other coins above Magi and ask yourself: Are they all still alive?

[xms]

hello,

danm thats look realy cool Spexx, it is very easy to mine XMG even for the beginners to step in.
all you need is in your program

your program put the cpu usage back if the temp goes to high, perfect


gr xms

[digibob00]

I found rumors about a drop-in CPU replacement version of the Xeon Phi, but did not find anything official regarding release dates, technical specs, hardware or OS compatibility etc. Could be a very interesting chip, although likely to be priced outside my range lol.

Modifying code to run on Xeon Phi is supposed to be a lot easier than adapting it for GPU. Sounds like a challenge to me, but I do not have the resources to play with, nor indeed the time available right now.

I will give you acces to a virtual machine when we get the new phi card so you can play around. Hopefuly we will get one @ the relase sometime this year

Hi,

i know very well this coprocessor and it work well.

But i wanna only understand one think:

Why?

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

Sorry for the interrupt.

Regards

[111magic]

I found rumors about a drop-in CPU replacement version of the Xeon Phi, but did not find anything official regarding release dates, technical specs, hardware or OS compatibility etc. Could be a very interesting chip, although likely to be priced outside my range lol.

Modifying code to run on Xeon Phi is supposed to be a lot easier than adapting it for GPU. Sounds like a challenge to me, but I do not have the resources to play with, nor indeed the time available right now.

I will give you acces to a virtual machine when we get the new phi card so you can play around. Hopefuly we will get one @ the relase sometime this year

Hi,

i know very well this coprocessor and it work well.

But i wanna only understand one think:

Why?

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

Sorry for the interrupt.

Regards

You are always welcome to interrupt.
Spexx is not working on this atm.
He is working on a far better development!

[digibob00]

I found rumors about a drop-in CPU replacement version of the Xeon Phi, but did not find anything official regarding release dates, technical specs, hardware or OS compatibility etc. Could be a very interesting chip, although likely to be priced outside my range lol.

Modifying code to run on Xeon Phi is supposed to be a lot easier than adapting it for GPU. Sounds like a challenge to me, but I do not have the resources to play with, nor indeed the time available right now.

I will give you acces to a virtual machine when we get the new phi card so you can play around. Hopefuly we will get one @ the relase sometime this year

Hi,

i know very well this coprocessor and it work well.

But i wanna only understand one think:

Why?

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

Sorry for the interrupt.

Regards

You are always welcome to interrupt.
Spexx is not working on this atm.
He is working on a far better development!

  i'm sure!

also i'm slow ,due to job, but i'm working on my rpi2 for some optimization.

Continue with this very very good work!

Regards

[111magic]

  i'm sure!

also i'm slow ,due to job, but i'm working on my rpi2 for some optimization.

Continue with this very very good work!

Regards

Wow nice Digibob00!
Take your time no pressure!!
Magi will be here for a long time!

[OBAViJEST]

I wonder who else voted for counter strike source & global offensive?

Let's get a [XMG] clan together

[MaxDZ8]

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

You might be wrong, but you ask good questions.
Apparently somebody does not have notion of "computing devices". Apparently somebody thinks some devices are "good" while some others are "bad". Lowering operative costs increases margins.

[chengyz]

hello,
    The total amount of money is the number? How much now dug up ?

[ElMacho20000]

Here is a little something that might help people out when setting up a new XMG wallet. You know how annoying it is when you set up a new wallet on a new machine and it takes hours upon hours to synchronize?

You need a blockchain snapshot. I will be providing a fresh blockchain snapshot every few days on the following links:-

For Linux and Windows etc where you have an unzipping utility
Zip file: https://www.dropbox.com/s/vda52xjkgk8wxsq/snapshot.zip

For Windows where you do not have an unzipping utility
Self-extracting Exe: https://www.dropbox.com/s/0vbezqzwgrsa49z/snapshot.exe
This extracts the files to the user %TEMP% folder for you.

These files [blk*.dat] are about 300 Mb (zipped) at the moment and can take some time to download.

All you have to do is copy the unzipped files to the working folder - on Windows this is %appdata%\Magi -  then start the wallet application and it should synchronize within minutes.

You need about 1.3 Gb of free disk space with the current size of the blockchain. This requirement will increase over time. The snapshot download is currently about 300 Mb, the temporary extracted files take up about 500 Mb and the final copy in the working folder takes up another 500 Mb. You can delete the original download file and the temporary extracted files after copying to the working folder so you can reclaim about 800 Mb afterwards.

Hope this helps

Great job as usual, very useful and very user friendly.
I've learned the hard way that users can be as stupid as you wouldn't expect, simplifying things will bring new people to magi and not to other coins.
I'm extremely busy with my job in this period so I won't annoy you all very much these days  keep rocking!

[111magic]

hello,
    The total amount of money is the number? How much now dug up ?

Welcome in our Magical Magi community Chengyz

I don't understand the question! How much XMG is mined at the moment?? Is that the question?

[Spexx]

Great job as usual, very useful and very user friendly.
I've learned the hard way that users can be as stupid as you wouldn't expect, simplifying things will bring new people to magi and not to other coins.
I'm extremely busy with my job in this period so I won't annoy you all very much these days  keep rocking!

Thanks for that - compliments are always nice to receive

The Wallet Mage software that I am working on uses those download links to make things even easier. My aim is to make it really simple to set up a new wallet in double-quick time just by clicking a button (or maybe two) which should be great for newcomers and first-timers on Windows.

The earlier question about the amount of XMG in circulation is best answered by checking this out:-

http://xmg.makejar.com/xmg-per-day/

That should have all the information needed. Totals are at the bottom of the page.

[Spexx]

Hi,

i know very well this coprocessor and it work well.

But i wanna only understand one think:

Why?

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

Sorry for the interrupt.

I enjoy an occasional interrupt

You have a point there but when you look at it, those co-processor cards are just a large number of 386-type CPUs built into a 3D matrix on chip with some fast memory nearby, so you would still be CPU mining in a sense. It is much the same with GPU cards as well. There may (or may not) be some energy efficiency advantage to be had as well.

The trick I suppose is to de-tune the mining software so that it does not use all the processors at once, flooding the blockchain with 5 Mh/s and reducing the block rewards to dust. Mining XMG should be done with a bit of finesse, not brute force. As long as it is kept under control, I don't see a problem.

[Kyle1836]

Let's say I put $25 BTC into this coin. How much will I make, and how does the PoS work?

[ElMacho20000]

Hi,

i know very well this coprocessor and it work well.

But i wanna only understand one think:

Why?

Why a cpucoin mined with coprocessor that teorically give you the oppurtunity to reach 5mh/s with 1 card?

It's  a cpu coin, not other.

If the idea of m7m xmg cpucoin is to be asic and gpu resistant maybe GPU and other similar is not the good route to take.

But maybe i'm wrong.

Sorry for the interrupt.

I enjoy an occasional interrupt

You have a point there but when you look at it, those co-processor cards are just a large number of 386-type CPUs built into a 3D matrix on chip with some fast memory nearby, so you would still be CPU mining in a sense. It is much the same with GPU cards as well. There may (or may not) be some energy efficiency advantage to be had as well.

The trick I suppose is to de-tune the mining software so that it does not use all the processors at once, flooding the blockchain with 5 Mh/s and reducing the block rewards to dust. Mining XMG should be done with a bit of finesse, not brute force. As long as it is kept under control, I don't see a problem.

Well, you could also fine tune the software, sqeezing GH/s out of it and aim all that hash-machoness to the multipool
Full member now? I'm finally a grown boy?