Golftech
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September 13, 2016, 08:02:30 AM |
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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#msg9991269thanks 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
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starmman
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September 13, 2016, 08:14:48 AM |
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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.
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z0n0
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September 13, 2016, 09:54:59 AM |
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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
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starmman
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September 13, 2016, 10:06:08 AM Last edit: September 13, 2016, 10:22:31 AM by starmman |
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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 =)
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starmman
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September 13, 2016, 10:09:55 AM Last edit: September 13, 2016, 10:22:50 AM by starmman |
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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.
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evok3d
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The Protocol for the Audience Economy
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September 13, 2016, 10:14:06 AM |
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Hi mates!! Good to see things are going well ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I wanted to join the Proof of Interest campaign IV!
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M ┄ E D ┄ I A
P R - | ▄▄███████▄▄ ▄██████▀██████▄ ███████ ███████ ▐██████ ██████▌ ██████▌ ▐██████ ▐██████ ██████▌ ▀██████▄ ▄██████▀ ▀███████████▀ ▀▀▀▀▀▀▀ | - T O C - O - L |
| | │ | | │ | MEDIA Protocol in Action
▄▄██████▄▄ ▄████████████▄ █████▌ ▀▀███████ ▄████▄▄██████ ▀█████▌ ▄███▀ ▀████████ ▐█████ ▐███▌ ▐████████ ████▌ ▐███ ██████████▄▄ ▐████ ▀███▄▄████▀▀████████████▀ ▀▀███▀▀ ▀▀████▀▀ | | ▄▄▄████████████████▄▄▄ ▄████████████████████████▄ ▐████████████████▀▀▀▀▀▀████▌ ████████████▀▀▀ █████ █████████▀ █████ ████████ ▐█████ ██████▀ ██████ █████▌ ▄███████ █████ ▄█████████ ████▌ ▄▄███████████ ▐████▄▄▄▄██████████████████▌ ▀████████████████████████▀ ▀▀███████████████████▀
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cryptonit
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bit.diamonds | uNiq.diamonds
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September 13, 2016, 11:59:56 AM |
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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
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Erkallys
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September 13, 2016, 03:10:27 PM |
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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 ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) ...
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kneim
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September 13, 2016, 03:37:36 PM |
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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 ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) ... 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.
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starmman
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September 13, 2016, 03:51:20 PM |
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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 ![Cry](https://bitcointalk.org/Smileys/default/cry.gif) ... 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/
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byter.sky
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September 13, 2016, 06:26:29 PM |
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Hi mates!! Good to see things are going well ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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!
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111magic
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September 13, 2016, 06:32:04 PM |
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Hi mates!! Good to see things are going well ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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xms
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September 13, 2016, 07:35:15 PM |
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Hi mates!! Good to see things are going well ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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
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XMG: 9Dqt2gQz5iNFFsMiFS3ftDd486RQQFW9Sx , BLE: JTk35RjRPD5wUzRRRUEb6t84QRvJKkfeFz
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go6ooo1212
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quarkchain.io
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September 14, 2016, 03:59:43 AM |
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Nice to see the Magi so vital. Will join the PoI4 also...
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111magic
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September 14, 2016, 04:17:09 AM |
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Nice to see you here XMS & go6ooo1212, Welcome!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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xms
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September 14, 2016, 03:41:32 PM |
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Nice to see you here XMS & go6ooo1212, Welcome!
hey magic, i never went away
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XMG: 9Dqt2gQz5iNFFsMiFS3ftDd486RQQFW9Sx , BLE: JTk35RjRPD5wUzRRRUEb6t84QRvJKkfeFz
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go6ooo1212
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quarkchain.io
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September 14, 2016, 03:43:37 PM |
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Nice to see you here XMS & go6ooo1212, Welcome!
..only kondiomir is missing. I've heard he've became a lifeguard recently , but not sure...
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111magic
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September 14, 2016, 03:48:33 PM |
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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!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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kondiomir
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September 14, 2016, 05:55:29 PM |
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@111magic he is joking about me, because I had some accident in a swimming pool ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) @go6ooo1212 - You'll see my friend.. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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R4F
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September 14, 2016, 06:55:26 PM |
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How to join poi4? Explain in Russian.
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