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

[joelao95]

hey magi friends,

Just installed the new magi wallet, and i must say it lookes very neat and clear.

i like the value for magi at that moment and for the wallet in total but can it be changed from dollars to euro's in the future?

very good work for all who worked on the wallet but spacial thanks to Joelao95

greatings xms

Thanks; yes, that feature is nice, and having different currencies available is what I'd expect in the near future.

[cryptonit]

stakesplitthreshold and stakecombinethreshold, are they unique feature of Magi coin? I've never seen before but it's really awesome!

If so, dev of this coin is genius.  

nothing unique existing at many POS coins adaptable
and working on default values in nearly all well configured pos coins

only copycoins which fuck up the POS settings because "they dont know what they do"
have no working default split and merge mechainics

u can easy dedect such copycoins if they only split endless and never start to merge and users have to merge manually

this is bad configured POS in coin code mostly seen in copycoins

one part that lead to many copycoins have this not configured proper is a code comment that read "dont touch this"
and any copycoin coder did this didnt touch this line and fucked up his coin POS behavior

its not like  PPC and NVC the first two POS coins and sunny king its creator wanted to make it easy copy their POS
and so they leave  their traps in their code that many copycoin coder did fall in

[Abiky]

Without formal announcement, I'd mention briefly three major works. The first item should be done in this year 2017. 

1. It won't be done without a hard fork, and it will be a major one.

* Optimization on the difficulty adjustment algorithm that expects a fast response to the network hashrate
* Adjustment of PoW algo
* Establish a channel between PoW and PoS
* PoS-II to "mPoS".

The above are four optional areas of improvements, each or all of which should (successfully) lead to support of efficient mining by the low-end devices (except the last one that's PoS).

2. Migrating and combining with the latest bitcoin code base, which, I guess, is yet existed in PoS coins; I believe this way would move the coin much better and strong.

3. Continue / improve Magi's payment gateway: m-epays; it's not our intention to invent a payment gateway, but a way to speed the coin to be accepted and used.

A more detailed roadmap will be announced in the OP and our website in following weeks. The site is currently been worked on. Details are to be announced.

Also, I intend to bring the forum m-talk.org into a good shape, however, I barely have the time and also web skills. If anyone is willing to assist or take this job, drop me a message.

Since we had a slack channel (https://coinmagi.slack.com/), if anyone want to joint, send me your email address; I'll send out invitations:

joelao98@gmail.com

or contact the team:

contact@coinmagi.org

I'm impressed to see how Magi is gaining traction in development. These new improvements would make Coin Magi stronger than ever, growing solid among the stack of altcoins available. I hope that this would have a nice effect in XMG's price, as more people join it, due to the exciting features that it will provide.

The new Magi 1.3.1 wallet release is stellar, and truly demonstrates that there is a good dev behind it and a solid community supporting it. That is to say, I will continue to buy and hold Magi for the long term, as this is one of those cryptocurrencies out there that you don't want to miss out. The thing that I like most about Magi is that it allows any average person to get up and running to mine some coins. Just sharing my thoughts. 

[starmman]

I'm impressed to see how Magi is gaining traction in development. These new improvements would make Coin Magi stronger than ever, growing solid among the stack of altcoins available. I hope that this would have a nice effect in XMG's price, as more people join it, due to the exciting features that it will provide.

The new Magi 1.3.1 wallet release is stellar, and truly demonstrates that there is a good dev behind it and a solid community supporting it. That is to say, I will continue to buy and hold Magi for the long term, as this is one of those cryptocurrencies out there that you don't want to miss out. The thing that I like most about Magi is that it allows any average person to get up and running to mine some coins. Just sharing my thoughts. 

The positivity I've seen around magi so far this year is great - lots of new people joining the community - roadmap forming - new wallet - new development plans - market cap gains - additional exposure, all the right ticks in are in the right boxes for further growth.

[l8nit3]

Mining away like a boss on my i5, i3, and even my little netbook lol. Just wondering, are there any thoughts of a GOU miner or is that not possible at this point?

To much hashrate will bring the blockreward down. So not at this point.

Got ya, so its a possibility, just not a good idea at this point. Due to there being no GPU miner currently available, do we have any idea what the diff between CPU and GPU mining would be? Would it be a massive difference like scrypt? or something like XMR where CPU mining is still somewhat feasible even with GPU mining available? Im sorry, I cant remember the actual term for the relationship between CPU and GPU hashrates.

There are many sayings about GPU miners, while it's obviously not published anywhere and thus no clue the difference between them. In any cases, we're working on this regard, and have to come to a conclusion at some time soon as I'd expect. 

Fair enough answer I wish I could be of assistance in determining the actual hash rate ratio difference between cpu and gpu, but not a c, c++ dev so I of very little use lol. But I will absolutely keep my few cpu's running and anxiously await the answer when it comes to light

[hentzikov]

I've looked through release notes, front page, and coinmarketcap.com, and am still unsure of the total supply of XMG. Could someone please confirm the total supply? Looks like an interesting project to get excited about. Thanks!

[111magic]

I've looked through release notes, front page, and coinmarketcap.com, and am still unsure of the total supply of XMG. Could someone please confirm the total supply? Looks like an interesting project to get excited about. Thanks!

Welcome hentzikov in our awesome Magi community.
Magi team is working on updates or new OP (front page)
Where did you checked the total supply?

[hentzikov]

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!

[111magic]

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!

Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer.

[sylph93]

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!

Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer.

Yup, 6.61 M is correct. https://chainz.cryptoid.info/xmg/

[joelao95]

...

u can easy dedect such copycoins if they only split endless and never start to merge and users have to merge manually

this is bad configured POS in coin code mostly seen in copycoins

one part that lead to many copycoins have this not configured proper is a code comment that read "dont touch this"
and any copycoin coder did this didnt touch this line and fucked up his coin POS behavior

its not like  PPC and NVC the first two POS coins and sunny king its creator wanted to make it easy copy their POS
and so they leave  their traps in their code that many copycoin coder did fall in

Well, truthfully this section really shouldn't be touched, and merging staking should be disabled. Imagine one owns 25% + 25% coins in two lines, combining them into a single line would cause potential attacks. This is why general PoS coins in a small scale can fork that easy.

The thing is that splitting and merging are not part of PoS protocol. Without having them in the protocol is definitely a deficiency of the PoS. It's quite doable for advanced users to modify the code and enable them without a need of hard fork. I'd vote that the so-called cloud staking does this kind of things.

Staking into dust is really a good thing to the healthy of the coin, but of course not good to the wealthy of people. 

[joelao95]

I'm impressed to see how Magi is gaining traction in development. These new improvements would make Coin Magi stronger than ever, growing solid among the stack of altcoins available. I hope that this would have a nice effect in XMG's price, as more people join it, due to the exciting features that it will provide.

The new Magi 1.3.1 wallet release is stellar, and truly demonstrates that there is a good dev behind it and a solid community supporting it. That is to say, I will continue to buy and hold Magi for the long term, as this is one of those cryptocurrencies out there that you don't want to miss out. The thing that I like most about Magi is that it allows any average person to get up and running to mine some coins. Just sharing my thoughts. 

Thanks for being with the coin for years. 

[joelao95]

[joelao95]

I initiated a broadcast over the magi's network that all clients with protocol version before 71050 and wallet version before v1.3.0 shall need to upgrade to v1.3.1:

Code:

URGENT: upgrade to v1.3.1 required; see coinmagi.org/bin/upgrade

This warning will be gone once upgrade is accomplished.

[starmman]

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)

[111magic]

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)

Yes they are informed to update the wallets!
Thanks to Joe.

[cryptonit]

...

u can easy dedect such copycoins if they only split endless and never start to merge and users have to merge manually

this is bad configured POS in coin code mostly seen in copycoins

one part that lead to many copycoins have this not configured proper is a code comment that read "dont touch this"
and any copycoin coder did this didnt touch this line and fucked up his coin POS behavior

its not like  PPC and NVC the first two POS coins and sunny king its creator wanted to make it easy copy their POS
and so they leave  their traps in their code that many copycoin coder did fall in

Well, truthfully this section really shouldn't be touched, and merging staking should be disabled. Imagine one owns 25% + 25% coins in two lines, combining them into a single line would cause potential attacks. This is why general PoS coins in a small scale can fork that easy.

The thing is that splitting and merging are not part of PoS protocol. Without having them in the protocol is definitely a deficiency of the PoS. It's quite doable for advanced users to modify the code and enable them without a need of hard fork. I'd vote that the so-called cloud staking does this kind of things.

Staking into dust is really a good thing to the healthy of the coin, but of course not good to the wealthy of people. 

we talking not about the same things
yes split/merge mechanics are walletside only and not checked by network
yes that is a security disadvantage

still that even more rise the need that the default settings for normal users are optimized in a way
that create a healthy POS enviroment which keep POS difficulty high and make sure chainstaking from one single source is not happening.
this things also can be heavy influenced by the min age max weight options

u are aware of the issues and u are aware that the XMG solution isnt perfect but still way better than many coins with split endless

another possible way to handle POS is like NEXUS solved it by combine it with a trust feature that reward active nodes and which have also mechanism included against chainstaking

many possible paths also possible improve the own branch of POS logic XMG uses

but nothing wrong by look left and right and use the best ideas to improve POS

[rotzbouf]

very well organized wallet design. I like it.

[starmman]

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)

Yes they are informed to update the wallets!
Thanks to Joe.

I suspect that nova are doing the same - their wallet is also in maintenance. I didn't spot the Polo wallets being upgraded yet though, this release has been much smoother than a lot of other coins I've been monitoring =)

[ex33s]

https://poolinfo.systms.org is now fully operational. Wallet information is now visible from the site and updated.

Also made som minor adjustments to the css to improve the sites responsiveness. Some html elements was causing an horizontal scrollbar when using devices with small width.