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

[LordCoder]

Currently staking 2.7k XMG and giving a profit, appart from the PoW mining ofc. I recommend you guys to not sell them, they give more staking.

[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 

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

sry for the confusion, there was a lot of discussion going on about the hashrate so it seems that i missed the info.
btw, i still find the calculation for coinamount in relation to hashrate one of the best things in whole crypto world.
but tittiecoiner is also right, it is not the way to go if somebody can concentrate hashrate and "kill" the coin.

... but i have no better solution at this time

[Erkallys]

Currently staking 2.7k XMG and giving a profit, appart from the PoW mining ofc. I recommend you guys to not sell them, they give more staking.

Seriously, are you earning something ? The biggest stakes that I ever had were no more than 0,1 XMG ...

[LordCoder]

Currently staking 2.7k XMG and giving a profit, appart from the PoW mining ofc. I recommend you guys to not sell them, they give more staking.

Seriously, are you earning something ? The biggest stakes that I ever had were no more than 0,1 XMG ...

It's not that much, but I had to have the machine on so I don't mind if it's generating a bit more for that

[Erkallys]

Currently staking 2.7k XMG and giving a profit, appart from the PoW mining ofc. I recommend you guys to not sell them, they give more staking.

Seriously, are you earning something ? The biggest stakes that I ever had were no more than 0,1 XMG ...

It's not that much, but I had to have the machine on so I don't mind if it's generating a bit more for that

I have a Raspberry Pi 2, so I can stake without losing money, or a few pennies per month. But I can say this is really profitable. On the other hand, having a low interest make the price really stable !

[LordCoder]

Currently staking 2.7k XMG and giving a profit, appart from the PoW mining ofc. I recommend you guys to not sell them, they give more staking.

Seriously, are you earning something ? The biggest stakes that I ever had were no more than 0,1 XMG ...

It's not that much, but I had to have the machine on so I don't mind if it's generating a bit more for that

I have a Raspberry Pi 2, so I can stake without losing money, or a few pennies per month.

I also thought about that, but the Raspberry will cost me more than the staking XMG so it's useless. Shame I sold my Raspberry long time ago.

[TonySon]

 

[111magic]

Nice TonySon thanks for voting!

[111magic]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

[prfagun1]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil

[111magic]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi  

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil

Are those very expensive in Brazil?
What is a normal price for a Pi?
http://imgur.com/EdBc2ae

[goldlabel]

We need to have 135 likes more to gave those 300 xmg`s away and then go on to the next step for 1000 xmg`s
So if you didnt like yet go to https://www.facebook.com/CoinMagi/ and like us

[goldlabel]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil

Maby The banana pi is better, its btw cheaper and better then the raspberry pi

[prfagun1]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi  

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil

Are those very expensive in Brazil?
What is a normal price for a Pi?
http://imgur.com/EdBc2ae

The conversion from dollar to Brazilian currency is 3.70:1 and it's not cheap to import because of the taxes.

Just for curiosity the minimal salary here is about 0.5 BTC

[111magic]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi  

Nice Welcome in our awesome Magi community!!

Somebody mining with PI here already?
All works ok?

I almost bought one, but I gave up, it is to expensive in Brazil

Are those very expensive in Brazil?
What is a normal price for a Pi?
http://imgur.com/EdBc2ae

The conversion from dollar to Brazilian currency is 3.70:1 and it's not cheap to import because of the taxes.

Just for curiosity the minimal salary here is about 0.5 BTC

Understand amigo. It's good to know!

[Abiky]

http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Now that's awesome! Never thought you could set up a pool on a Raspberry Pi. I would love to set up my own multipool someday. Also, I can’t wait for the Android wallet app release. It is going to be great. 

[joelao95]

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.

sry for the confusion, there was a lot of discussion going on about the hashrate so it seems that i missed the info.
btw, i still find the calculation for coinamount in relation to hashrate one of the best things in whole crypto world.
but tittiecoiner is also right, it is not the way to go if somebody can concentrate hashrate and "kill" the coin.

... but i have no better solution at this time

I agree with you guys too. If we think of the situation further, it is complicated and the problem could be contradicted one to another. In a simple word, it is because magi intends to stay at low hashrate that makes chances for single person to plugin such a miner. According to prior discussions, I am not yet to see a chance to make simple algo switch to disable a super hashrate miner; for example, what if he owns a CPU mining farm, then there is no way to get rid of it with whatever algos. We could go for huge amount hashrate allowed by the network, like the bitcoin and then the hash of the current one is trivial; but I don't think this would be good to go.

Of course he could mine with GPU or FPGA too as people talked earlier. Certainly I'd like to work on this situation in whatever approaches we can take to deal with it, allow me some time to take serious look at it, but I've learned that this isn't that easy to make changes that disable them at all. But wait if one takes miners leaving as a killing (surely it sounds like very disappointing situation), that might be too earlier to say about that. Well this needs a must work.

[louiseth1]

Simple solution is to spread hashrate amongst all pools!

We're in need of some hashrate while some other pools have too much hashrate, spread some towards www.SuchPool.pw/xmg

Thanks!

[raetsch]

Simple solution is to spread hashrate amongst all pools!

We're in need of some hashrate while some other pools have too much hashrate, spread some towards www.SuchPool.pw/xmg

Thanks!

it is as simple as telling the miners to read the ann-thread and ask if they don't understand...
but we are in crypto, the "we" isn't what comes first. "I" is what happens.
if you are able to manage to spread all hashpower over the pools, you are also able to tell everyone, that it is a double-win when everybody reduces their hashrate to achieve the optimal output.


@joelao95
"kill" was a bit... hard spoken, but over time it will happen, without changing something.

what we need is something like a calculation of unique hashpower-relation to coin-creation.
means:
if someone (or a pool) comes with high hashing power and solves the block, the reward should be low.
but this is impossible to realize...

[111magic]

Simple solution is to spread hashrate amongst all pools!

We're in need of some hashrate while some other pools have too much hashrate, spread some towards www.SuchPool.pw/xmg

Thanks!

That's right amigo! Miners spread the hashrate!