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

[cryptonit]

t's analogy to one having huge mining force in PoW mining. You cannot avoid this potential consequence in general PoS design, though it could rarely take place, it could.

u can the ratio min age max age is the key thats why DMD min age /max age for weight (POS chance) is 9/30 days and this way there a max age coin pile just have 3x more weight

what u say is a true issue for coins who select min age 1 day (or even worse 2 hours) and max age 30 days

where old coins have so much more stakechance weight that it open up a lot attack vectors

XMG did take his own path to remove that risc by reducing POS chance with age after a certain time based on coin pile size

after all the new wallet have adjustable triggers and both are working so i am total happy

regarding ideal default setup of values we have different opinions

thats ok  

[Abiky]

I'm very glad that you're happy with the new Qt wallet. It isn't my intention to put some rich information into the client which functions effectively from a coin point of view. I like to have an alternative wallet containing information unrelated to the coin implementation, but something like coin markings etc. If you have any suggestions regarding the present interface, let me know. I could make these into the stable wallet in about two weeks if I have time to accomplish the changes.

Well, I was thinking about adding an extra button right next to the console button in the interface which could be called "Info" or "Information". Right from there you can see current network hashrate, difficulty (PoW and PoS), number of nodes connected, and other useful stuff similar to Casinocoin's wallet. But that is just something extra which will not be very necessary for the complete functionality of the wallet interface.

Nevertheless, the wallet is just perfect. Magi is doing great in both development and community. Keep up the good work! 

[th3.r00t]

-SNiP-

Hey there, was going to let you know that our staking pool web site is live now. There is also a faucet available as well. Would love for you to check it out and maybe even contribute some coins in the staking pool.

Check us out:

POSWallet.com

There is something wrong...
I tried once to register and login after that - no luck... Keep getting the message "Incorrect login credentials, please try again."
So I do the registration once again and once again I tried to login. Still the same message...

Do I have to confirm my mail? Because there is no mail received.

[th3.r00t]

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

I have few staking addresses with ~1000.0 XMG per address.
There are multiple inputs ranging from ~2 XMG to ~62 XMG.

I want to make M-Wallet to split everything with value >100 XMG and combine every inputs that are becoming "dust", lets say 15 XMG.
What values do I have to enter in magi.conf?

[cryptonit]

I have few staking addresses with ~1000.0 XMG per address.
There are multiple inputs ranging from ~2 XMG to ~62 XMG.

I want to make M-Wallet to split everything with value >100 XMG and combine every inputs that are becoming "dust", lets say 15 XMG.
What values do I have to enter in magi.conf?

stakesplitthreshold=30

stakecombinethreshold=100

means u split until 30 (resulting in 15)

and merge again back to above 100

merge is also happening as POS and generate rewards (its a so called group stake)

so never coin age get lost even if coin pile get merged the contribute to POS rewards of that merge POS block

[111magic]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

[goldlabel]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Hi Magic,

Sry to hear about your wife, i hope she well be better soon.

If you dont get the 5k soon i will pay that amount for the new campaign.

Grtz Goldlabel

[joelao95]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Hope everything is going to be fine. Take your time.

[joelao95]

u can the ratio min age max age is the key thats why DMD min age /max age for weight (POS chance) is 9/30 days and this way there a max age coin pile just have 3x more weight

Bud, I have to say again this is still a thing secondary, not a fundamental solution. IMO, what's needed is to break up the proportionality between the PoS mining force, and the number of coins and staking time. When you put max coin age 30 days, after limit is reached that seems something like blackcoin.

what u say is a true issue for coins who select min age 1 day (or even worse 2 hours) and max age 30 days

I don't think coins would usually put max age.

[joelao95]

I have few staking addresses with ~1000.0 XMG per address.
There are multiple inputs ranging from ~2 XMG to ~62 XMG.

I want to make M-Wallet to split everything with value >100 XMG and combine every inputs that are becoming "dust", lets say 15 XMG.
What values do I have to enter in magi.conf?

I would do

Code:

stakesplitthreshold=100
stakecombinethreshold=15

[joelao95]

I have few staking addresses with ~1000.0 XMG per address.
There are multiple inputs ranging from ~2 XMG to ~62 XMG.

I want to make M-Wallet to split everything with value >100 XMG and combine every inputs that are becoming "dust", lets say 15 XMG.
What values do I have to enter in magi.conf?

stakesplitthreshold=30

stakecombinethreshold=100

means u split until 30 (resulting in 15)

and merge again back to above 100

merge is also happening as POS and generate rewards (its a so called group stake)

so never coin age get lost even if coin pile get merged the contribute to POS rewards of that merge POS block

My questions then is what happens to stakes with coin values of 50 XMG?

[111magic]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Hi Magic,

Sry to hear about your wife, i hope she well be better soon.

If you dont get the 5k soon i will pay that amount for the new campaign.

Grtz Goldlabel

Thanks Goldlabel. I appriciate this very much.
I will contact you pm.

[111magic]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Hope everything is going to be fine. Take your time.

Thank you Joe! I will work on the new Proof of Interest in free time!

[cryptonit]

u can the ratio min age max age is the key thats why DMD min age /max age for weight (POS chance) is 9/30 days and this way there a max age coin pile just have 3x more weight

Bud, I have to say again this is still a thing secondary, not a fundamental solution. IMO, what's needed is to break up the proportionality between the PoS mining force, and the number of coins and staking time. When you put max coin age 30 days, after limit is reached that seems something like blackcoin.

what u say is a true issue for coins who select min age 1 day (or even worse 2 hours) and max age 30 days

I don't think coins would usually put max age.

their is no max age for coin-age which influence POS rewards (xmg handle that different)
there is a max age for coin weight which influence POS chance

anyway we dont have to discuss or convince each other regarding better POS solutions
DMD for example will move on to a total new codebase with DMD 3.0 in around 6-9 months
constant evolution is part of this fast changing market
and i have strong hope XMG will have his own path of evolution too

[joelao95]

their is no max age for coin-age which influence POS rewards (xmg handle that different)
there is a max age for coin weight which influence POS chance

anyway we dont have to discuss or convince each other regarding better POS solutions
DMD for example will move on to a total new codebase with DMD 3.0 in around 6-9 months
constant evolution is part of this fast changing market
and i have strong hope XMG will have his own path of evolution too

Bud, totally NO offense.

You had good suggestions, much appreciated; my point is not standing on something in confusion that the general users who come to this thread will pick. As a Dev (for now), I certainly want to clear that out. Hope you understand. There are some good points / plans belonging to DMD that you may want to keep in your DMD thread alone, IMHO, as we're taking different PoS approaches. I try to avoid incompatibility.

[joelao95]

I guess most of people are expecting PoI.

Magic has been the major one who made this coin stepping forward for years. Look at his twitter, you'll understand what he has done. I believe all including me should appreciate for his works. He has now been super busy with his life, including a recent accident of his wife; even without this accident, I guess he'll need time to take care of personal stuffs.

The exact launch of PoI is to be determined, till he is totally fine with the time.

p.s., The funds for PoS was being done by himself or supporters he found. Later on, we'd consider to replenish him.

[Abiky]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Sorry to hear about this. I hope that your wife could recover soon. Accidents will happen, so it is something that cannot be avoided but the most important thing is to be strong. As for the Proof of Interest campaign, I hope that the amount needed for it to begin will be raised soon. If I had enough Magi, I would give some of it to support the campaign, but I am afraid that I'm in an XMG loan in the moment. Still, I think that once POI starts, the price of Magi will be back to $0.01 USD.

[dqy007]

see https://rawx.io/poll.html,old trading platform revision,

[Coins-R-Us]

see https://rawx.io/poll.html,old trading platform revision,

The link should be:  https://rawx.io/poll.html for anyone interested.

But I don't see Magi anywhere so I don't know why it was posted here.
(You can request the coin to be added, however.)

[starmman]

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Sorry to hear that! I hope your wife recovers well.
Take care