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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1430255 times)
starmman
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June 21, 2016, 09:34:21 AM
 #13201


Great picture goldlabel! Hope you are well.

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June 21, 2016, 09:43:40 AM
 #13202

All Altcoins seem to be doing very well this morning, 10-20% increase on BTC on almost all of them =)

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June 21, 2016, 08:27:46 PM
 #13203


Great picture goldlabel! Hope you are well.

Im doing great starmman, thx Grin

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June 21, 2016, 08:38:11 PM
 #13204


Right Cryptonit. Magi team will no give up.
Dev is doing a great job at the moment.
And I honesty think that with the improvements, our awesome community, new campaigns, the nice & stable value of XMG, Magi will have a great future!

Good to hear - Magi has an awesome, active community!
community will not help if magi will be delisted from polo
I don't understand you're line?
Did I miss something? I don't see a warning or received a message about polo delisting Magi.
??

------------------------------------------

------------------------------------------
No worries all!
Magi is save on polo!

He means community won't be help if polo decided to delist, suppose.  Cheesy

He means he didn't understand the comment as there's been no supposed threat of Polo de-listing, suppose:-)
Ah ok. That might be it!

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June 21, 2016, 08:39:06 PM
 #13205


Great picture goldlabel! Hope you are well.

Im doing great starmman, thx Grin
Awesome Goldlabel and Congrats with your birthday!

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June 21, 2016, 08:44:15 PM
 #13206

New wallet will be released in few days/hours! Smiley

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June 21, 2016, 09:27:48 PM
 #13207

Thx Magic,

Like us and have a chance to win 1000 xmg, but your walletadress on the topic at Facebook.

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June 22, 2016, 03:17:44 AM
 #13208

This is a great coin, but the bitcoin price is crazy by now.

Don't worry, everything is going to be ok

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June 22, 2016, 05:04:36 AM
 #13209

Updates (06/22/2016):

New wallet 1.3.0rc1 available:

Download link: http://coinmagi.org/bin/m-wallet-1.3.0rc1/
(I'll fulfill OSX compiling, TBD)

Source: https://github.com/magi-project/magi/tree/1.3.0rc

Block chain: http://coinmagi.org/bin/block-chain/

Release notes: http://coinmagi.org/bin/release-notes.md

Changelog:
# Changed database for storing transaction and block indices from Berkeley DB to LevelDB;
# Enabled block hash storing in storage and loaded directly from disk;
# Fixed "Checkpoint is too old" warning
# PoS stake splitting and combining features, which can be set by stakesplitthreshold=VALUE and stakecombinethreshold VALUE in magi.conf, or by RPC commands: setstakesplitthreshold and setstakecombinethreshold; RPC commands getstakesplitthreshold and getstakecombinethreshold to show their current values;
# Added price information on Qt Overviewpage;
# Qt wallet logo change and GUI improvements;
# Merge pull request of version check updates by feldenthorne; fixed automatic version check including test/rc versions.
# Merge pull request of adding total balance in "Transactions" page by lightsplasher;

Thanks to feldenthorne and lightsplasher for the contributions to the code base and sorry for the long-delayed merge. I am supposed to respond to the pull request significantly fast from now on. If anyone is able to make changes to source, please.

Note 1:
We are changing to leveldb for block index storing. For this purpose, we suggest use of the new wallet in limited occasions. This is the reason of the RC version, though I didn't see any issue in my own side. At this moment, I DON'T recommend using the wallet in your minings, pool server, or exchanges. In my estimate about two weeks long without having any issues coming up, we will roll out a stable release.  

Note 2:
Due to change to leveldb data, you have to get rid of the old version of block data before using the new client. To save the time, I have pulled out an up-to-date block chain which can be downloaded from here: http://coinmagi.org/bin/block-chain/

A bit concern of stake splitting & combing in original ppc design since it involves security concerns:

https://github.com/magi-project/magi/blob/1.3.0rc/src/wallet.cpp#L1595
Code:
               // The original design prevents stakes having the same parent transaction from combining
                // which somehow reads as encouraging splitting (improve security);
                // This mechanism is to be disabled in Magi since combining won't cause security concern

                /* Splitting is only enforced at wallet, not by PoS protocol as well as consensus over network.
                 * Original PPCoin design encourages splitting as per "Lower coinstake combine threshold to
                 * improve security", which can be understood by the fact that in general PoS, with a large
                 * number of coins in stake comes greater chance of (PoS) mining blocks. This is not going to
                 * happen in Magi. Also, hardening nStakeCombineThreshold is impractical since an advanced user
                 * can easilly make a change to that and rebuild a wallet. The change to nStakeCombineThreshold
                 * should be available externally, e.g., RPC command, magi.conf configuration file.
                 ** Magi, for optimum staking, nStakeCombineThreshold should be used in combination with nStakeSplitThreshold.*/
You should use nStakeCombineThreshold along with nStakeSplitThreshold for best results. The optimum threshold is neither a random number nor as large as possible; it should be an appropriate value, say 500 XMG, according to MAGI's PoS protocol.  

Update procedure:
1) Backup wallet.dat to a safe place;
2) Delete everything under the Magi or .magi folder except wallet.dat;
3) Download block chain from here http://coinmagi.org/bin/block-chain/ and unzip the fille;
4) Unzip all of the stuffs under the folder m-blockchain into Magi or .magi;
5) Start up the new wallet.

At the last minute when I compiled the wallet in windows, the price info on the new wallet in Windows seems not working, though it all worked out in my linux machine; we'll fix it in the final version.

I guess this is it.

I'll talk more most likely tomorrow night.

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June 22, 2016, 05:21:50 AM
 #13210

Updates (06/22/2016):

New wallet 1.3.0rc1 available:

Download link: http://coinmagi.org/bin/m-wallet-1.3.0rc1/
(I'll fulfill OSX compiling, TBD)

Source: https://github.com/magi-project/magi/tree/1.3.0rc

Block chain: http://coinmagi.org/bin/block-chain/

Release notes: http://coinmagi.org/bin/release-notes.md

Changelog:
# Changed database for storing transaction and block indices from Berkeley DB to LevelDB;
# Enabled block hash storing in storage and loaded directly from disk;
# Fixed "Checkpoint is too old" warning
# PoS stake splitting and combining features, which can be set by stakesplitthreshold=VALUE and stakecombinethreshold VALUE in magi.conf, or by RPC commands: setstakesplitthreshold and setstakecombinethreshold; RPC commands getstakesplitthreshold and getstakecombinethreshold to show their current values;
# Added price information on Qt Overviewpage;
# Qt wallet logo change and GUI improvements;
# Merge pull request of version check updates by feldenthorne; fixed automatic version check including test/rc versions.
# Merge pull request of adding total balance in "Transactions" page by lightsplasher;

Thanks to feldenthorne and lightsplasher for the contributions to the code base and sorry for the long-delayed merge. I am supposed to respond to the pull request significantly fast from now on. If anyone is able to make changes to source, please.

Note 1:
We are changing to leveldb for block index storing. For this purpose, we suggest use of the new wallet in limited occasions. This is the reason of the RC version, though I didn't see any issue in my own side. At this moment, I DON'T recommend using the wallet in your minings, pool server, or exchanges. In my estimate about two weeks long without having any issues coming up, we will roll out a stable release.  

Note 2:
Due to change to leveldb data, you have to get rid of the old version of block data before using the new client. To save the time, I have pulled out an up-to-date block chain which can be downloaded from here: http://coinmagi.org/bin/block-chain/

A bit concern of stake splitting & combing in original ppc design since it involves security concerns:

https://github.com/magi-project/magi/blob/1.3.0rc/src/wallet.cpp#L1595
Code:
               // The original design prevents stakes having the same parent transaction from combining
                // which somehow reads as encouraging splitting (improve security);
                // This mechanism is to be disabled in Magi since combining won't cause security concern

                /* Splitting is only enforced at wallet, not by PoS protocol as well as consensus over network.
                 * Original PPCoin design encourages splitting as per "Lower coinstake combine threshold to
                 * improve security", which can be understood by the fact that in general PoS, with a large
                 * number of coins in stake comes greater chance of (PoS) mining blocks. This is not going to
                 * happen in Magi. Also, hardening nStakeCombineThreshold is impractical since an advanced user
                 * can easilly make a change to that and rebuild a wallet. The change to nStakeCombineThreshold
                 * should be available externally, e.g., RPC command, magi.conf configuration file.
                 ** Magi, for optimum staking, nStakeCombineThreshold should be used in combination with nStakeSplitThreshold.*/
You should use nStakeCombineThreshold along with nStakeSplitThreshold for best results. The optimum threshold is neither a random number nor as large as possible; it should be an appropriate value, say 500 XMG, according to MAGI's PoS protocol.  

Update procedure:
1) Backup wallet.dat to a safe place;
2) Delete everything under the Magi or .magi folder except wallet.dat;
3) Download block chain from here http://coinmagi.org/bin/block-chain/ and unzip the fille;
4) Unzip all of the stuffs under the folder m-blockchain into Magi or .magi;
5) Start up the new wallet.

At the last minute when I compiled the wallet in windows, the price info on the new wallet in Windows seems not working, though it all worked out in my linux machine; we'll fix it in the final version.

I guess this is it.

I'll talk more most likely tomorrow night.


Great work there XMG Dev, I'm still waiting for 111magic reply so i can finalize the calculation of the upcoming campaign.  Hopefully we can pull lots of interest toward XMG in this campaign.

.BitDice.               ▄▄███▄▄
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[/]
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June 22, 2016, 05:41:49 AM
 #13211

Thanks for new wallet running great can you upload somewhere magi.conf or what I have write inside.

starmman
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June 22, 2016, 07:05:50 AM
 #13212

Great, I'll test it out in a few days time =)
Thanks for your hard work

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June 22, 2016, 10:54:07 AM
 #13213

This is another milestone of development for XMG!  Congratulation Dev Joe,  it's normal to have problem with compilation to different system I think, and I'm sure you will fix it soon.  For a meantime, let marketing and promotion do it's job.  Let us spread the news XMG people!!!  

Please RT

https://twitter.com/Coin_Magi_XMG/status/745495964861894656

https://twitter.com/cryptoadvisor01/status/745522685908652033

hey advisor can i share you image here? I like it!


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June 22, 2016, 02:43:34 PM
 #13214

Updates (06/22/2016):

New wallet 1.3.0rc1 available:

simply awesome, ty for your hard work @joelao95, @feldenthorne and lightsplasher.


done, cmon guys lets contribute to spread the MAGI word Smiley
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June 22, 2016, 11:18:26 PM
 #13215

great job with new XMG wallet
update worked flawless!

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

cryptonit
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June 23, 2016, 01:16:54 AM
 #13216

playing around a bit with new wallet 1.3 i have to say great job!
this wallet alone justify a marketcap of 200k $ u deliver more than most coins in that area

and i did hear the plans for 1.4 and 1.5 are even more intense improvements

for me a high recommended position in each serious crypto investor portfolio

XMG magi

just the still to high POW coinrollout compared to POS is what slows the raise of this coin

it should be the opposite way around most new coins via POS and some via POW

joelao95
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June 23, 2016, 02:23:08 AM
 #13217

Thanks for new wallet running great can you upload somewhere magi.conf or what I have write inside.



Please have a look at http://coinmagi.org/bin/example-conf/magi.conf, and these two lines:

Code:
# Transaction under stake with a value greater than the threshold is being splitted
stakesplitthreshold=500

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=250

You can check whether settings are set properly by running commands from Console (on Qt wallet):
Code:
getstakesplitthreshold
getstakecombinethreshold

joelao95
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June 23, 2016, 02:33:21 AM
 #13218

Hi guys, I volunteered to manage the Signature Campaign, though it still in planning stage, if the team approved it then we will start to have the Signature Campaign Design Contest, and after the winner is chosen, will proceed to the campaign itself.  I want to make clear that it is still in the planning stage and need to be discussed.  The plan is to create another thread once the plan is approved and all the details are set so that all the upcoming update will be clear to see in this thread.

Just want to mention a thanks to serjent05's idea, Lion's commitment, starmman assistance, in any forms. Of course, Magic did a lot lot efforts into whatever marketing stuffs, including twitter, as well as goldlabel's facebook campaign.

I don't want to lead to any frustrations, but be ready to avoid burning your time. For any on-going efforts, you have my supports.

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June 23, 2016, 02:34:12 AM
 #13219


Great work there XMG Dev, I'm still waiting for 111magic reply so i can finalize the calculation of the upcoming campaign.  Hopefully we can pull lots of interest toward XMG in this campaign.

Thanks; hope things keep going.

joelao95
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June 23, 2016, 02:38:12 AM
 #13220

great job with new XMG wallet
update worked flawless!

btw if someone interested in DMD too
dont miss our 3rd birthday event
https://bitcointalk.org/index.php?topic=580725.msg15324861#msg15324861
and the cloudmining promotion
https://bit.diamonds/community/index.php/topic,148.0.html

Congrats to DMD being growing old,  Smiley enjoy your party.

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