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

[Redrover]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

[111magic]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

Might be to collect Magi miners to start mining other coins.https://twitter.com/Coin_Magi_XMG/status/661081128644845569
Magi will continue with growing and Magi team is working already on rules for the next Proof of Mining campaign.

[tittiecoiner]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.

[111magic]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

[Erkallys]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

If someone can provide me a comprehensive step-by-step tutorial on how to mine on a Pi, it will be a real pleasure for me to join it !

[fragilefungi]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

If someone can provide me a comprehensive step-by-step tutorial on how to mine on a Pi, it will be a real pleasure for me to join it !

https://bitcointalk.org/index.php?topic=735170.msg11977962#msg11977962  Try to compile using these instructions.  I have gotten it to work before with these.  I tried compiling on a vps last night and it failed so post any error you get and someone can probably tell you what dependency is missing.

[joelao95]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Thanks for the pool; this is very nice and the logo is awesome. I noticed the download for linux minerd isn't linked properly which is now with the name m-minerd-32-linux.tar.gz on the page:

http://www.coinmagi.org/files/m-cpuminer/

[joelao95]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.

He'll make blocks stop to generate coins; I hope miners stay mining.

[joelao95]

There came up a warning again about checkpoints "WARNING: Checkpoint is too old. Wait for block chain to download, or notify developers." This warning won't affect anything so just warning.  I'll take care of it at some time.

[cc90cc]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.

He'll make blocks stop to generate coins; I hope miners stay mining.

Don't think too much ,my work is research coins ,and XMG architecture is good ,please don't give it up and leave ,I think there are many powerful  miners also have high hashrate ,if someone meet low profit and give it up ,it's not a healthy ecosystem right?

[111magic]

testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.

Think hè gain better results mining another coin!

That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.

He'll make blocks stop to generate coins; I hope miners stay mining.

Don't think too much ,my work is research coins ,and XMG architecture is good ,please don't give it up and leave ,I think there are many powerful  miners also have high hashrate ,if someone meet low profit and give it up ,it's not a healthy ecosystem right?

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!
The register for the new Proof of Interest campaign will open at 01-12-2015. The last Proof of Interest campaigns gave 6% interest in two months.
Thats a higher interest Banks will give.

[111magic]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Thanks for the pool; this is very nice and the logo is awesome. I noticed the download for linux minerd isn't linked properly which is now with the name m-minerd-32-linux.tar.gz on the page:

http://www.coinmagi.org/files/m-cpuminer/

Joe: Magi could add this great pool to the next Proof of Mining campaign!

[111magic]

This is an invitation for testers of the BETA version of the Magi Android app.
If you will test the app and the team wants to provide feedback, please send me a pm

If you would like to test the app contact the Magi team!
Magi is already working to solve some bugs and review feedback.

[tittiecoiner]

if someone meet low profit and give it up ,it's not a healthy ecosystem right?

That's nothing but pure bullshit. Next to a hand full of people, every miner is in the mining game for any kind of profit and will leave a coin that only gives poor profits.
This will be valid until you reach the masses, everyone is running is tiny tool which makes them a low hashrate miner. But there will always be a chance to abuse it (botnets, GPU miner,...) in order to gain an unfair disadvantage.

Tell me 5 coins that wouldn't be affected, miners would even leave Bitcoin if they are no longer gaining any profits.
What you are doing is not to test an eco system, you just want to hurt this coin and prove that you have the power over the whole XMG system (yay, you are sooooo great...not).

[tittiecoiner]

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!

Even if I appreciate your efforts to support small hashrate miners, there's the need to find a solution. XMG is, unlike Scrypt coins, not affected by multipools. But as this guy has proven, one single person could control the whole PoW mining process and make miners leave so that XMG would only rely on PoS for a certain time.
You cannot always compensate low mining profits with manual bonus payments in the long run, that's nothing more than some kind of action for a short time.

[tittiecoiner]

He'll make blocks stop to generate coins; I hope miners stay mining.

I agree with you.
You'll need to find a solution to prevent someone will be able to get so much power over the (PoW) mining process.

[raetsch]

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!
The register for the new Proof of Interest campaign will open at 01-12-2015. The last Proof of Interest campaigns gave 6% interest in two months.
Thats a higher interest Banks will give.

the last pom didn't even finish 

[111magic]

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!

Even if I appreciate your efforts to support small hashrate miners, there's the need to find a solution. XMG is, unlike Scrypt coins, not affected by multipools. But as this guy has proven, one single person could control the whole PoW mining process and make miners leave so that XMG would only rely on PoS for a certain time.
You cannot always compensate low mining profits with manual bonus payments in the long run, that's nothing more than some kind of action for a short time.

That's right. But there are different miners and I think mining and staking are important for the future of digital currencies. But also the community is very important. The power of the Magi community is awesome and Magi has overcome other things in the past. Giving the smaller miners some extra trust and rewards with the Proof of Mining campaigns will give extra power to Magi.
And also its a good thing to talk about solutions and options to make Magi stronger.

[111magic]

He'll make blocks stop to generate coins; I hope miners stay mining.

I agree with you.
You'll need to find a solution to prevent someone will be able to get so much power over the (PoW) mining process.

Joe you will find a solution for this because you are a genius.

[111magic]

That's right. The high hashrate confirms the good working of the unique blockreward system.
Magi is working on next Proof of Mining campaign to support miners with small hashrate!
The register for the new Proof of Interest campaign will open at 01-12-2015. The last Proof of Interest campaigns gave 6% interest in two months.
Thats a higher interest Banks will give.

the last pom didn't even finish 

Amigo you might missed the info about this.
I sent you a pm.