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

[Golftech]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

Welcome to our awesome Magi community.
Check this for more info https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269

thanks for bringing this out might need to read more about this project as i seen more and more people are also getting interested to this project
i don't want to missed my sit. good luck

[starmman]

thanks for bringing this out might need to read more about this project as i seen more and more people are also getting interested to this project
i don't want to missed my sit. good luck

Good decision, its always good to do your research before jumping into a coin. I got involved just over a year ago. There is a great community here - and the coin had been relatively stable in the range of $0.008 to $0.012 until more recently as its has caught a lot of attention. Market cap has been rising steadily but slowly as more people have been getting involved.

[z0n0]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

[starmman]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

I'm running i7-3770 and getting 40kh/s per core running 4 threads per system. I'm also dual-mining XMR at 140H/s on the same CPU taking advantage of the HT technology - I can't dual mine on my i5 system without a drop in peformance.

EDIT: Correction, I'm getting 40kh/s across 4 threads - not per thread =)

[starmman]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

What software are you guys using for mining these days? I'm still using sweet-spot but its not working as well as it used to as it can no longer get the global hash rate from whatever service it was using.

[evok3d]

Hi mates!! Good to see things are going well

I wanted to join the Proof of Interest campaign IV!

[cryptonit]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

XMG POW is unique in the idea that high network hashrate generate less POW blockreward

the origin of that idea was to remove a arms race in mining gear and allow each normal dude with a single CPU in his PC take part in mining

but clever people found out that there is a timewindow in the diff ajusting mining reward adjusting waves
where diff is high and rewards are high too

thats because the adjusting algorhytm of mining rewards reduction have a delay

so what happens is big miners with botnets or access to company unused CPU capacity or even private GPU miners
mine fast a few blocks with high rewards until rewards adjusting kicks in start to decrease the rewards
then stop mining and the normal 24/7 miners have to mine the high diff low reward blocks

this leads to a big share of POW coin rollout goes into hands of few who mine in waves
and the many 24/7 miners have to mine the low reward high diff blocks alone

i trust in joes abilities to fix POW and come closer to the original vision

[Erkallys]

I'm losing patience. I've resynchronised for the third time now with the new wallet, and I always get that Runtine error that end my wallet.

No one to help me ? My offer of reward to whom will help me is still standing. Please be nice I'm tired of that wallet that do not work ...

[kneim]

I'm losing patience. I've resynchronised for the third time now with the new wallet, and I always get that Runtine error that end my wallet.

No one to help me ? My offer of reward to whom will help me is still standing. Please be nice I'm tired of that wallet that do not work ...

My wallet is hosted on linux, not windows. I'm tired of using microsoft products, too much uncertenty. To be sure your host is fine, I would install and try it in a virtual machine first. I use VirtualBox for this.

[starmman]

I'm losing patience. I've resynchronised for the third time now with the new wallet, and I always get that Runtine error that end my wallet.

No one to help me ? My offer of reward to whom will help me is still standing. Please be nice I'm tired of that wallet that do not work ...

hi Erkallys,

Try the following link - Joe posted an update procedure and also a link to download the blockchain. Maybe that will help you get past the point where you are having the problem. I had the same issue myself at one point but I can't remember how I fixed it.

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

Under the following link you'll find section "Update procedure" that has a link to block chain. 

https://bitcointalk.org/index.php?topic=735170.msg15314290#msg15314290

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

Please use the rc version wallet and follow the "Update procedure".

[byter.sky]

Hi mates!! Good to see things are going well

I wanted to join the Proof of Interest campaign IV!

good coin need to buy more at 3000 , hope to see it soon and join campaign IV!

[111magic]

Hi mates!! Good to see things are going well

I wanted to join the Proof of Interest campaign IV!

good coin need to buy more at 3000 , hope to see it soon and join campaign IV!

Register for the Proof  of  Interest  campaign IV will open at 15-sept-2016. I will  post rules and info also on the 15-sept.

[xms]

Hi mates!! Good to see things are going well

I wanted to join the Proof of Interest campaign IV!

good coin need to buy more at 3000 , hope to see it soon and join campaign IV!

Register for the Proof  of  Interest  campaign IV will open at 15-sept-2016. I will  post rules and info also on the 15-sept.

ofcourse i will join again.

gr xms

[go6ooo1212]

Nice to see the Magi so vital. Will join the PoI4 also...

[111magic]

Nice to see you here XMS & go6ooo1212, Welcome!

[xms]

Nice to see you here XMS & go6ooo1212, Welcome!

hey magic,

i never went away

[go6ooo1212]

Nice to see you here XMS & go6ooo1212, Welcome!

..only kondiomir is missing. I've heard he've became a lifeguard recently , but not sure...

[111magic]

Nice to see you here XMS & go6ooo1212, Welcome!

..only kondiomir is missing. I've heard he've became a lifeguard recently , but not sure...

No he is still there. He retweets often the #MAGI  tweets!

[kondiomir]

@111magic he is joking about me, because I had some accident in a swimming pool

@go6ooo1212 - You'll see my friend.. 

[R4F]

How to join poi4? Explain in Russian.