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

[GoldTiger69]

...
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!

Can you briefly summarize what the proof of interest campaign is?

I like the coin and the fact that it focuses on helping "newer" people become knowledgeable about crypto, but that campaign has a gimmicky tone, unless I 'm wrong about it.

Here is the info amigo:
https://bitcointalk.org/index.php?topic=735170.msg14359787#msg14359787

Read is pls. There is no gimmicky tone on the Proof of Interest campaign. The main thing is the same Banks use. Hold or increase the balance and interest will be paid after a period.
If i'am correct PoI I 6% interest, PoI II 6% interest and PoI III 5.29% interest. There is no bank who will give you interest that high! 

That interest rate is annual, right?

No the interest rate is for the period the Proof of Interest campaign is active. Last one was 4 months.

Wow, that's great! And what is the % of the POS II? I just can't figured it out :/

[1714858184]

1714858184

[1714858184]

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[111magic]

...
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!

Can you briefly summarize what the proof of interest campaign is?

I like the coin and the fact that it focuses on helping "newer" people become knowledgeable about crypto, but that campaign has a gimmicky tone, unless I 'm wrong about it.

Here is the info amigo:
https://bitcointalk.org/index.php?topic=735170.msg14359787#msg14359787

Read is pls. There is no gimmicky tone on the Proof of Interest campaign. The main thing is the same Banks use. Hold or increase the balance and interest will be paid after a period.
If i'am correct PoI I 6% interest, PoI II 6% interest and PoI III 5.29% interest. There is no bank who will give you interest that high! 

That interest rate is annual, right?

No the interest rate is for the period the Proof of Interest campaign is active. Last one was 4 months.

Wow, that's great! And what is the % of the POS II? I just can't figured it out :/

First Proof of Interest campaign had a period of 3 months and gave 6% interest.
Second Proof of Interest campaign also 6%.

[GoldTiger69]

I'm talking about the Proof Of Stake II 

[Redrover]

I'm talking about the Proof Of Stake II 

The interest rate of the POS II is difficult to calculate because of the way it works with Magi, there are several things that affect it such as difficulty, amount of coins, age of coins, etc.  I can't give you exact numbers but the percents I have seen are between 1% - 4% annually with an average of 2% usually - that's been the case in my wallet.  This is quite low compared to many other coins and that is why the POI campaign is such a nice bonus.

The POI campaign is beneficial because it's a larger return in a shorter amount of time, similar to how we used to get interest on savings accounts, (the good ole days), but at the same time, you are also getting your own POS in your wallet, so in essence, you are getting two for the price of one just for holding the coins.  It's a good opportunity for beginners to get into crypto and learn how it all works while earning more coins in the process.  Hope that helps.

[GoldTiger69]

I'm talking about the Proof Of Stake II  

The interest rate of the POS II is difficult to calculate because of the way it works with Magi, there are several things that affect it such as difficulty, amount of coins, age of coins, etc.  I can't give you exact numbers but the percents I have seen are between 1% - 4% annually with an average of 2% usually - that's been the case in my wallet.  This is quite low compared to many other coins and that is why the POI campaign is such a nice bonus.

The POI campaign is beneficial because it's a larger return in a shorter amount of time, similar to how we used to get interest on savings accounts, (the good ole days), but at the same time, you are also getting your own POS in your wallet, so in essence, you are getting two for the price of one just for holding the coins.  It's a good opportunity for beginners to get into crypto and learn how it all works while earning more coins in the process.  Hope that helps.

Thank you very much for the explanation, man; it certainly clarify my doubts. Seems like a great coin. I'll keep an eye on it

[?chooseusername]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

[Moustafa_97]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

You'd make much more off of a pool, hence why there are pools where it increases your amount earned compared to Solo CPU mining. I have about 12 dedicated servers that I built that mine at a speed of 7.5kh/s which is heck of a lot and I make over $20USD/day. Electricity is free for me as I have solar panels haha.

[Redrover]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

[NeuroticFish]

I reinstalled Windoze from scratch and .. yeah, stupid, I didn't think to save the blockchain data.
Is there any (official?) bootstrap or blockchain file I could use?

[?chooseusername]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

You'd make much more off of a pool, hence why there are pools where it increases your amount earned compared to Solo CPU mining. I have about 12 dedicated servers that I built that mine at a speed of 7.5kh/s which is heck of a lot and I make over $20USD/day. Electricity is free for me as I have solar panels haha.

Awesome, so I will join a pool then, I noticed there are many... any recommendation? cheers!

[?chooseusername]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

Good! thanks a lot for the info! I'll test joining a pool then, as above, I saw there are many pools, any recommendation?

[groggin]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

Good! thanks a lot for the info! I'll test joining a pool then, as above, I saw there are many pools, any recommendation?

 i'm using https://xmg.maxminers.net, working fine and i seem to be getting my fair share   (14 in the last 24h w/6 cores pumping...)

[?chooseusername]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

Good! thanks a lot for the info! I'll test joining a pool then, as above, I saw there are many pools, any recommendation?

 i'm using https://xmg.maxminers.net, working fine and i seem to be getting my fair share   (14 in the last 24h w/6 cores pumping...)

For Windows x32 and x64 which miner is recommended? cheers

Thanks all for helping

[Redrover]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

Good! thanks a lot for the info! I'll test joining a pool then, as above, I saw there are many pools, any recommendation?

 i'm using https://xmg.maxminers.net, working fine and i seem to be getting my fair share   (14 in the last 24h w/6 cores pumping...)

For Windows x32 and x64 which miner is recommended? cheers

Thanks all for helping

They are listed in the first page, along with the batch sample, try a few and see which works best for you.
https://bitcointalk.org/index.php?topic=735170.0

Different pools are listed here:
http://poolinfo.coinmagi.org/

[?chooseusername]

Hi,

I was wondering how much would an average pc make with solo CPU mining and does it make a lot of difference joining a pool? I'm looking for a coin specialized in CPU mining and good privacy features. At the moment AEON is the one who's got most of my attention, however, I like this coin philosophy.

Thanks

Anyone?

I can't say definitively whether solo mining with a single average cpu will or won't work but I can point out some things for you to consider.

First, define average cpu - there are huge differences in processing power depending on cpu type and how many cores.  A rough guess on a current cpu is 12 Kh/s per core/thread.

Current Network hash rate 72 Mh/s  (30Mh/s - 100Mh/s)
Average personal cpu hashrate will be about 50 - 70 Kh/s (4 - 6 cores).

Do the math and decide, it's a long shot but I suppose you could get lucky.  But I doubt you will get lucky often enough to keep up with earnings from a pool.

Example:
My own mining on a pool with about 100 Kh/s  earns about 8 XMG per day - but this varies a lot depending on difficulty and luck.  Sometimes even on a pool it's as low as 1 xmg and as high as 15 xmg in a day.
Hope that helps you decide.

Good! thanks a lot for the info! I'll test joining a pool then, as above, I saw there are many pools, any recommendation?

 i'm using https://xmg.maxminers.net, working fine and i seem to be getting my fair share   (14 in the last 24h w/6 cores pumping...)

For Windows x32 and x64 which miner is recommended? cheers

Thanks all for helping

They are listed in the first page, along with the batch sample, try a few and see which works best for you.
https://bitcointalk.org/index.php?topic=735170.0

Different pools are listed here:
http://poolinfo.coinmagi.org/

cool thx

[111magic]

I'm talking about the Proof Of Stake II  

The interest rate of the POS II is difficult to calculate because of the way it works with Magi, there are several things that affect it such as difficulty, amount of coins, age of coins, etc.  I can't give you exact numbers but the percents I have seen are between 1% - 4% annually with an average of 2% usually - that's been the case in my wallet.  This is quite low compared to many other coins and that is why the POI campaign is such a nice bonus.

The POI campaign is beneficial because it's a larger return in a shorter amount of time, similar to how we used to get interest on savings accounts, (the good ole days), but at the same time, you are also getting your own POS in your wallet, so in essence, you are getting two for the price of one just for holding the coins.  It's a good opportunity for beginners to get into crypto and learn how it all works while earning more coins in the process.  Hope that helps.

Thank you very much for the explanation, man; it certainly clarify my doubts. Seems like a great coin. I'll keep an eye on it

Well done Redrover and welcome GoldTiger69 in our awesome Magi community!

[Coins-R-Us]

I like the POI campaigns!  It gives people another reason to hold onto their coins for a long time, which i think is good for the coin.

I think the low PoS rewards are necessary to avoid too much inflation.  But the coins do stake nicely (my peercoins might never stake, for instance LOL) 

[Vadi2323]

For Windows x32 and x64 which miner is recommended? cheers

Thanks all for helping

I like and I use m-minerd. The links from Magi's website:

Windows (64 bit)
Windows (32 bit)

[CRYPTONAIRE]

I like the POI campaigns!  It gives people another reason to hold onto their coins for a long time, which i think is good for the coin.

I think the low PoS rewards are necessary to avoid too much inflation.  But the coins do stake nicely (my peercoins might never stake, for instance LOL) 

I have to agree Coins-R-Us, the POI campaigns are awesome!  I have only ever participated in the latest one (POI.3) as I came a wee bit late to the XMG party compared to most of you. I am really glad that I discovered this coin, and just in time to get into POI.3 too.  After I registered for POI.3 I doubled my Magi holdings just to maximise the benefit I would derive from the campaign (and I have never sold a single XMG), so your view about the benefit of these campaigns to Magi is a sound one.

I have just received my payout, and I am well pleased with it!     Here's hoping another campaign can be organised sometime later this year; I'm in!!

[akaman]

I'm trying figure out whether its worthwhile to mine MagiCoin with my 32 CPU core machine. I found this mining calculator:

https://bitmakler.net/MagiCoin___mining

but I can't find numbers for Difficulty and Block Reward. Can anyone point me to a more complete calculator, or help me fill in the blanks?