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

[The Frisian]

Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.

[LordCoder]

Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.

Botnet power, that's it. Many people want to make a profit from this, without even knowing the important facts of this coin.

[joelao95]

Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.

I hope people are not scared by 0, but that's actually not the case. The block reward would NEVER hit zero according to the exponential reduction with difficult. The value on https://bauerj.eu/xmg/ is most likely less than 1 and was skipped since only integer is shown there; I would also check the block explorer which is pulled out from blocks, for example:

https://chainz.cryptoid.info/xmg/

Also check with the console:

Code:

getnewblockvaluebynumber 512267

(current block at this time)

{
"flags" : "proof-of-work",
"difficulty" : 1.60428397,
"difficulty-V2" : 2.44375849,
"blockvalue" : 5.91635350
}

And how much you'd get by kH/s hashrate (only estimate):

Code:

getminingbykhps 10

{
"hashrate (kh/s)" : 10.00000000,
"difficulty" : 1.60428397,
"difficulty(aver)" : 1.69167384,
"blockvalue" : 5.91635350,
"mining (XMG)" : {
"1 hour" : 0.02931434,
"1 day" : 0.70354416,
"1 week" : 4.92480911
}
}

p.s., another piece of info:

https://bchain.info/XMG/diff

Looking at the averaged diff indicates a rising around Sep 29th.

[111magic]

When blockreward is low better not sell cheap!

[Lightsplasher]

When blockreward is low better not sell cheap!

Unless your selling it to me.   (At least the XMG will have a happy home staking away in my wallet)

[lordmick]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

[lordmick]

gonna start back the 6 rigs.. 25 treads when it get colder in the house... instead of heaters..

[111magic]

When blockreward is low better not sell cheap!

Unless your selling it to me.  (At least the XMG will have a happy home staking away in my wallet)

Staking will give nice reward.
Buy and stake are good options.
And mine when blockreward goes up.
 
Check out the Magi faucets also.

[111magic]

https://multi.magipool.info/
Also a good mining option.

[111magic]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

[joelao95]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.  Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

[Redrover]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks Magic, this is really helpful right now while the mining difficulty is so high.  Just keep adding more to the wallet for staking!

[joelao95]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

[111magic]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

You are welcome Joe.
The give-aways will finish after this weekend!

[tittiecoiner]

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

[joelao95]

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

Make sense.

[joelao95]

Looking at the diff: https://bchain.info/XMG/diff a recent rising at Oct. 7th; that's something unsure what's making 7th special. It'll be hard for me to argue if one should mine or not (surely I'd like to); here is my philosophy:

Section under:

Who shall mine nothing?

https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269

There is no way of hard rule in clarifying the rule, though we can argue efforts to get it rightful.

[lordmick]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

I just take a look on my transactions on pom m.. during september I made 5x 100xmg.. running about 230khs.. it far to be 1187xmg and I said 18$ for 80khs... so 230khs cost me a lot more then 18$...

I should recheck the consumption maybe its a lil bit less but as I remember it was 350

[thefix]

Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

[111magic]

Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

That would be awesome. I said before that its a change of mind. Some people still think that mining with bigger hashrate will give better rewards.
Because of Magi's unique blockreward system people better mine with lower hashrate to give a higher blockreward.