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

[111magic]

Awesome, great news 111magic. I hope your wife is recovering well

Thanks Starmman. Wife is doing better everyday now! Appriciate you're interest.

[starmman]

Awesome, great news 111magic. I hope your wife is recovering well

Thanks Starmman. Wife is doing better everyday now! Appriciate you're interest.

Didn't read your full post last time (was at work), regarding the text / rules for POI 3, I think all was fine, understandable and fair. POI is great to increase interest to new people, sustain the price and keep regulars motivated. The only negative is that it may reduce the trade volume and available supply which could risk magi to be delisted from some exchanges. I'll always keep a percentage of my coins on the exchanges to help with liquidity.

[cryptonit]

One of the unique things about magi is that when hashrate goes up, PoW rewards go down.  Going static rewards for PoW would lead to higher hashrates at all times of the day.  This would lead to higher energy consumption to maintain the network, while one of the goals of this coin is to have as energy efficient of a network as possible.

The problem with going static rewards for PoS would be that sizing blocks would be extremely important.  This would be hard for new users to compete with people who are more staking experts.  One advantage to how staking currently works is that casual users can get normal sized transactions through normal use and they will occasional get stakes.  If there was a better use case for the coin casual users would be able to get stakes.  I personally like how magi stakes, but I just want all of the dust rewards to add up to something slightly more.

regarding pos adjust coin pilesize with the new conf parameter is easy works great create a zero micromanagemdnt required pos enviroment

regarding pow there is ways utilize the less rewards with to high hashrate even with static base blockreward
so similar as now less rewards at to high hashrate and a bit more if to much
but with adjusted diff adjustion with less ways to abuse it
and with a much lower max pow reward

so it should be in area 2 - 10 xmg with the clear aim of diff engjne to reach a average value of 5

[The Frisian]

The new wallet works fine!
Only one question concerning the currency on the wallet screen:

One of my pc's says okay:


The other one has only zeros, 0.00.

What can be the problem with this pc, it's the same network, port 8232 open.

[th3.r00t]

The new wallet works fine!
Only one question concerning the currency on the wallet screen:

One of my pc's says okay:


The other one has only zeros, 0.00.

What can be the problem with this pc, it's the same network, port 8232 open.

RC1 Win64 wallet has this problem (only zeros).
Joe already knows about it.

Linux wallets have no problem.

[The Frisian]

RC1 Win64 wallet has this problem (only zeros).
Joe already knows about it.
Linux wallets have no problem.

Not all Win64, my Win64 laptop works fine.

[The Frisian]

About threshold:



When will those 625.04 be combined?

[starmman]

RC1 Win64 wallet has this problem (only zeros).
Joe already knows about it.
Linux wallets have no problem.

Not all Win64, my Win64 laptop works fine.

I see zeros, I'm using Win8.1 64bit, still waiting for my wallet to sync though. It crashed the first time I ran it after a few hours. I can't see any kind of crash report or stack trace in the log file.

[cryptonit]

About threshold:



When will those 625.04 be combined?

the will because below the treshhold of 800

but i would set this up different

splittreshhold 800
combinethreshhold 1000

this way u will a constant split and merge behavivor that adapt to network difficulty

if high POS difficulty the coin pile between 800 and 1000 will merge more likely
at low POS difficulty they will split more likely

this way u are another wallet that supports a healthy selfadjusting  POS difficulty

[cryptonit]

regarding daily POS rewards against daily POW rewards situation is much more unbalanced than i was expecting

i can see after a few days now clear that the daily produced POS coins of whole network are below 300 and the daily produced POW coins are average above 9000

this means the ratio is

1:30

and not the 1:10 i said before

[The Frisian]

splittreshhold 800
combinethreshhold 1000

This seems to work pretty well, thanx.

[NeuroticFish]

Hi all

Below the OLD RULES from the Magi Proof of Interest campaign III
Could you all take a look and give me some feedback?

Question 1: Whats your opinion about those rules? Are the rules good or would you like to see some rules different?

Thanks in advance!

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

Hi. The rules are fine by me. And they are clear enough.
You just make us impacient
When will POI4 actually start?

[111magic]

Hi all

Below the OLD RULES from the Magi Proof of Interest campaign III
Could you all take a look and give me some feedback?

Question 1: Whats your opinion about those rules? Are the rules good or would you like to see some rules different?

Thanks in advance!

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

Hi. The rules are fine by me. And they are clear enough.
You just make us impacient
When will POI4 actually start?

Hi Neuroticfish. Thanks for the feedback.
I will finish the info for the Proof of Interest IV campaign and post it.

[cryptonit]

send 111magic a PM to get a invite into magi slack
its sad such a big community coin have such a small slack population


@111magic i suggest u set up a autoinvite link for ur slack channel

[111magic]

send 111magic a PM to get a invite into magi slack
its sad such a big community coin have such a small slack population


@111magic i suggest u set up a autoinvite link for ur slack channel

I will look into that and post it here!

[joelao95]

regarding daily POS rewards against daily POW rewards situation is much more unbalanced than i was expecting

i can see after a few days now clear that the daily produced POS coins of whole network are below 300 and the daily produced POW coins are average above 9000

this means the ratio is

1:30

and not the 1:10 i said before

PoW block reward is obviously varying as it is supposed to be. It is a thing we'd take a closer look at in the next move as mentioned, while the reward itself is really a thing out of my very concern at the first place. I'd  make a time for cleaning up what I want to say with respect to all of prior suggestions the others made.

[joelao95]

The new wallet works fine!
Only one question concerning the currency on the wallet screen:

One of my pc's says okay:


The other one has only zeros, 0.00.

What can be the problem with this pc, it's the same network, port 8232 open.

My win machines worked at some occasions as well. Price info read from coinmarketcap for now via json, with btc and usd price separately, that's why btc price display zero likely due to unsuccessful data access of the btc channel; I'll figure out. linux/unix absolutely hasn't such an issue.

[fragilefungi]

One of the unique things about magi is that when hashrate goes up, PoW rewards go down.  Going static rewards for PoW would lead to higher hashrates at all times of the day.  This would lead to higher energy consumption to maintain the network, while one of the goals of this coin is to have as energy efficient of a network as possible.

The problem with going static rewards for PoS would be that sizing blocks would be extremely important.  This would be hard for new users to compete with people who are more staking experts.  One advantage to how staking currently works is that casual users can get normal sized transactions through normal use and they will occasional get stakes.  If there was a better use case for the coin casual users would be able to get stakes.  I personally like how magi stakes, but I just want all of the dust rewards to add up to something slightly more.

regarding pos adjust coin pilesize with the new conf parameter is easy works great create a zero micromanagemdnt required pos enviroment

regarding pow there is ways utilize the less rewards with to high hashrate even with static base blockreward
so similar as now less rewards at to high hashrate and a bit more if to much
but with adjusted diff adjustion with less ways to abuse it
and with a much lower max pow reward

so it should be in area 2 - 10 xmg with the clear aim of diff engjne to reach a average value of 5

The block combining/splitting feature is very exiting.  I have recently been making a daily 10kb transaction to combine my smallest transactions. 

Lowering the max pow reward with a better difficulty adjustment might be enough to make things fair.  It will be easier now for stakers to keep weight in the proper range and get closer to expected stake returns.

[The Frisian]

Because of the problem of not making easy money on ETH etc traders looking for other altcoins to make money.
This results in pumping easy to pump coins, first EMC2, XEM, MYR and NAV.
Also they now started with XMG.

These guys works with thousands of BTC to pump coins.
Look what happened on Polo for NAV and now for XMG.

Don't sell your coins too cheap, they can use 100 BTC to let it rise until 0.001 BTC easily
Just wait and enjoy the ride!

[111magic]

Because of the problem of not making easy money on ETH etc traders looking for other altcoins to make money.
This results in pumping easy to pump coins, first EMC2, XEM, MYR and NAV.
Also they now started with XMG.

These guys works with thousands of BTC to pump coins.
Look what happened on Polo for NAV and now for XMG.

Don't sell your coins too cheap, they can use 100 BTC to let it rise until 0.001 BTC easily
Just wait and enjoy the ride!

I noticed a raise in value. 
Let's wait and seen what will happen!