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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2366566 times)
louiseth1
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September 23, 2015, 02:39:57 PM
 #10841

looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin

Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets.

Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely.

By the way thanks for helping us solve some blocks, we really appreciate!

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111magic
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September 23, 2015, 02:48:00 PM
 #10842

The Coin of the Magi added on Cryptsy!!!! Grin
Name: Coinmagi    XMG https://www.cryptsy.com/markets/view/XMG_BTC

Congrats to everybody but especially to you Magic! your persistence was vital.
Thank you very much thdim!
Its nice to hear this.
My wife asked me sometimes if I like the laptop more than I like her.  Grin



  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
111magic
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September 23, 2015, 03:11:54 PM
 #10843

By the way thanks for helping us solve some blocks, we really appreciate!

You are welcome amigo. Think there is space for more miners right?
I will keep promoting your pool also.


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
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  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
111magic
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September 23, 2015, 05:06:47 PM
 #10844



Goldlabel can you make a picture with only the dragon with the twisten coin? Meaning copy/paste it out of this one. Hope you understand what I mean!


  Coin MAGI  . XMG  
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BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
starmman
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September 23, 2015, 05:07:48 PM
 #10845

Just a question, a have all my coins on another address for staking, when do you recommend to transfer them to PoI address? Can I wait some days more or better to do it now?

Sorry for a noob question, Just wondering, i've came across PoS and PoM but not PoI. It would be great if somebody could tell me what is a PoI address and how can I create one? Assuming that this is this something different to staking in a wallet through Magi-qt of course?

Thanks =)
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September 23, 2015, 05:13:19 PM
 #10846

Just a question, a have all my coins on another address for staking, when do you recommend to transfer them to PoI address? Can I wait some days more or better to do it now?

Sorry for a noob question, Just wondering, i've came across PoS and PoM but not PoI. It would be great if somebody could tell me what is a PoI address and how can I create one? Assuming that this is this something different to staking in a wallet through Magi-qt of course?

Thanks =)
Amigo you are welcome to ask everything here!
The PoI-II is an awesome campaign.
You can find the info about that one here:
https://bitcointalk.org/index.php?topic=1096217.0



  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
LordCoder
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September 23, 2015, 06:02:15 PM
 #10847

looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin

Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets.

Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely.

By the way thanks for helping us solve some blocks, we really appreciate!

Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities.

However, CPU mining is easier, because only high end processors are checked.
Regards,
LordCoder
starmman
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September 23, 2015, 06:06:08 PM
 #10848

Amigo you are welcome to ask everything here!
The PoI-II is an awesome campaign.
You can find the info about that one here:
https://bitcointalk.org/index.php?topic=1096217.0

Thanks a lot for the information

That looks amazing, shame I was a little too late on the forum to join
111magic
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September 23, 2015, 06:09:17 PM
 #10849

Amigo you are welcome to ask everything here!
The PoI-II is an awesome campaign.
You can find the info about that one here:
https://bitcointalk.org/index.php?topic=1096217.0

Thanks a lot for the information

That looks amazing, shame I was a little too late on the forum to join


No worries amigo. There might be another Proof of Interest campaign coming. I will meet the anonymous donator this weekend and I think Magi achieved some awesome developments lately.
So maybe hè will donate again! Smiley
If hè does than for sure there will be another Proof of Interest campaign.


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
starmman
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September 23, 2015, 06:38:34 PM
 #10850

No worries amigo. There might be another Proof of Interest campaign coming. I will meet the anonymous donator this weekend and I think Magi achieved some awesome developments lately.
So maybe hè will donate again! Smiley
If hè does than for sure there will be another Proof of Interest campaign.
Sounds great, I'll certainly be keeping an eye out for another one.
okae
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September 23, 2015, 06:53:58 PM
 #10851

Sounds great, I'll certainly be keeping an eye out for another one.

ofc man, you should not lost it, i can confirm that proof of interest campaign that Magi is doing is AWESOME and unique.


If hè does than for sure there will be another Proof of Interest campaign.

ahh i wish that you guys can run it again Wink

IMHO #1.b of suspects, Hal Finney is/was S.N.
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September 23, 2015, 07:57:37 PM
 #10852

looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin

Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets.

Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely.

By the way thanks for helping us solve some blocks, we really appreciate!

Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities.

However, CPU mining is easier, because only high end processors are checked.
Regards,
LordCoder

Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ?
LordCoder
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September 23, 2015, 08:02:03 PM
 #10853

looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin

Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets.

Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely.

By the way thanks for helping us solve some blocks, we really appreciate!

Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities.

However, CPU mining is easier, because only high end processors are checked.
Regards,
LordCoder

Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ?

Botnet mining is a network of "hacked" computers (like zombies) working for you. This is happening with Bitcoin and Litecoin, where many people build a big network to mine for them. Magi is a nice example of forbidding botnets, because of hashrate limitation.
Erkallys
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September 23, 2015, 08:12:52 PM
 #10854

looks like there are some big botnets mining this or someone has made an fpga or gpu miner for this coin

Anyone can use the other's processor. There's no way to stop it. But at least it prevents a lot of people from using big botnets.

Well botnets are often CPU prone rather than GPU prone; as GPU use different settings it would be hard to get a config that works on most zombie computers. I know that there are some GPU botnets but CPU botnets a far more likely.

By the way thanks for helping us solve some blocks, we really appreciate!

Indeed, but also GPU botnet mining with Scrypt is very extended. Default configs are almost always working and getting users that have GPU increase the posibilities.

However, CPU mining is easier, because only high end processors are checked.
Regards,
LordCoder

Maybe it's the newbiest question on this thread, so sorry if it's stupid but what is a botnet ? You are talking about this like if it was a big problem but I never heard of it, so what is it ?

Botnet mining is a network of "hacked" computers (like zombies) working for you. This is happening with Bitcoin and Litecoin, where many people build a big network to mine for them. Magi is a nice example of forbidding botnets, because of hashrate limitation.

Thank you for your explanation, now it's more clear for me  Wink ! That's sure that it can't work on Magi thanks to our amazing improvements !
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September 23, 2015, 08:48:25 PM
 #10855



Goldlabel can you make a picture with only the dragon with the twisten coin? Meaning copy/paste it out of this one. Hope you understand what I mean!

like this?
111magic
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September 23, 2015, 09:06:22 PM
 #10856

Yes thats what I mean. Thanks well done!


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
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  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
goldlabel
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September 23, 2015, 10:19:21 PM
 #10857

Yes thats what I mean. Thanks well done!
yw
louiseth1
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September 24, 2015, 02:30:05 AM
 #10858

By the way thanks for helping us solve some blocks, we really appreciate!

You are welcome amigo. Think there is space for more miners right?
I will keep promoting your pool also.

Sure, we can stack 10's of thousands more without issues!  Grin

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111magic
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September 24, 2015, 06:05:35 AM
 #10859

Yes thats what I mean. Thanks well done!
yw


I like those pictures with the Dragons.
But also the one with the ant.
Guess i like all pictures with Magi! Grin


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
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  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
111magic
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September 24, 2015, 06:59:15 AM
Last edit: September 24, 2015, 08:48:04 AM by 111magic
 #10860


Coin of the Magi, unique next generation currency for people everywhere!


Coin Magi (XMG) is an online payment system, enabling instant payments to anyone in the world without needing an intermediary.
With Coin Magi, anyone in the world can issue digital coins through their personal computers and a software-based minting process. Coin Magi removes the competitive nature of minting and offers an even playing field for anyone looking to issue currencies without expensive equipment. Coin Magi distinguishes itself from other counter parties by its fairness, cost effective and energy efficiency in maintaining the operation of the system.



PROOF OF WORK – POW
M7M (v2) hash function – only CPU mining
Iterative sequential algorithm and numerical computation operating through GMP floating points to disable parallel implementation
Block time: 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block
A new difficulty dependent block rewarding system to disable large mining farms

PROOF OF STAKE II – POS-II
New staking mechanism PoS-II
Transaction dependent coin age; minimum coin age: 2 hours
Maximum coin age : see following explanation
Network weight dependent interest rate, maximum 5%;
Block time: 1.5 minutes;
Block hash: SHA256;
Maturity: 120

MAGI WALLETS










Freenode IRC: #magi  |   Skype: coin.magi  |   QQ group: 337678945  |   Email: support@coinmagi.org


WEBSITE:


MagiPay Standalone Payment Gateway for Coin Magi

_______________________________________________________________________________ _______________________________________________

MAGI MINING
Magi is designed to be energy efficient on the whole, through a variety of dynamic adjustment mechanisms as well as its focus on the CPU mining. The general design concept is to reduce energy consumption during PoW. The use of hybrid PoW/PoS in the meantime secures the network.
Mine Magi with your computer.

New in Crypto?


Pools


Multi-Pool
https://multi.magipool.info/
Guide

INFO





Block Explorers

_______________________________________________________________________________ _______________________________________________


EXCHANGES

Cryptsy |Bittrex | Poloniex | Bleutrade | Cryptopia


Vote for XMG on Askcoin here:


Buy XMG using fiat currency.



_______________________________________________________________________________ _______________________________________________




XMG Faucets




_______________________________________________________________________________ ____________________________


Services & Merchants

Dedicated Website Hosting Services


Webshop: DrPecksbees


Webshop/market Cointopay



Blueprint Enhancement Service


https://pexpeppers.com/


http://www.armisgame.com/


http://hausfay.com/


http://bitscoinshop.com.br/en/


Tourism in Indonesia (yogyakarta) offered by Coinkita


Magi Cloudstaking



_______________________________________________________________________________ ________

Games & video's




















Quote
OP updated with Magi Cloudstaking, Suchpool and exchange Cryptsy  Grin

















  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
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