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

[akuci]

Already rewards are low, almost 50% lower... Maybe I should change my nickname to "Crybaby".

[111magic]

Just lower the xmgpool pool fee to 0.5% for this weekend. Enjoy mining!

Thanks for the info seeksilence

[nsummy]

I don't understand why everyone is complaining about the hashrate.  I'm new to this coin, and correct me if I am wrong, but isn't it set up in a way which the higher the hashrate, the lower the rewards?  The basic economics of supply and demand and opportunity costs should bring the hashrate to a sustainable rate.  If the the rewards are too low, people will mine elsewhere, when they are high, they will come back.  There is an equilibrium.

[akuci]

I don't understand why everyone is complaining about the hashrate.  I'm new to this coin, and correct me if I am wrong, but isn't it set up in a way which the higher the hashrate, the lower the rewards?  The basic economics of supply and demand and opportunity costs should bring the hashrate to a sustainable rate.  If the the rewards are too low, people will mine elsewhere, when they are high, they will come back.  There is an equilibrium.

Says someone with 1500KH\s.

[goldlabel]

Someone to contact Suprnova owner to open his pool?

Better not, it's very bad for the block reward for other miners.

Nicely said

[penambang]

More mempool error on my NOMP pool

Code:

received block 000000001a86d38a2eb1
SetBestChain: new best=000000001a86d38a2eb19f1238358b9db3bb0590a60c650671de722bb179c5a4  height=1452104  money supply=7991958  trust=66013855359244  date=08/25/17 17:05:45
Stake checkpoint: 47c28008
ProcessBlock: ACCEPTED
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
Flushing wallet.dat
Flushed wallet.dat 1ms
Flushed 0 addresses to peers.dat  1ms
received block 00000000796ec87c78c0
SetBestChain: new best=00000000796ec87c78c01eb782ad5169206578826d3ff9aa045d3baf9da66e3a  height=1452105  money supply=7991963  trust=66013855364592  date=08/25/17 17:06:41
Stake checkpoint: fb0aac60
ProcessBlock: ACCEPTED
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
Flushing wallet.dat
Flushed wallet.dat 0ms

My magi.conf:

Code:

rpcuser=redacted
rpcpassword=redacted
# Listen for RPC connections on this TCP port:
rpcport=8232

# server=1 to accept JSON-RPC commands
server=1
daemon=1
# listen=1 to accept connections from outside
listen=0

# RPC connection from localhost allowed
rpcallowip=127.0.0.1

connect=104.128.225.215

posii=0

[ex33s]

More mempool error on my NOMP pool

Code:

received block 000000001a86d38a2eb1
SetBestChain: new best=000000001a86d38a2eb19f1238358b9db3bb0590a60c650671de722bb179c5a4  height=1452104  money supply=7991958  trust=66013855359244  date=08/25/17 17:05:45
Stake checkpoint: 47c28008
ProcessBlock: ACCEPTED
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
Flushing wallet.dat
Flushed wallet.dat 1ms
Flushed 0 addresses to peers.dat  1ms
received block 00000000796ec87c78c0
SetBestChain: new best=00000000796ec87c78c01eb782ad5169206578826d3ff9aa045d3baf9da66e3a  height=1452105  money supply=7991963  trust=66013855364592  date=08/25/17 17:06:41
Stake checkpoint: fb0aac60
ProcessBlock: ACCEPTED
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
ERROR: mempool transaction missing input
Flushing wallet.dat
Flushed wallet.dat 0ms

My magi.conf:

Code:

rpcuser=redacted
rpcpassword=redacted
# Listen for RPC connections on this TCP port:
rpcport=8232

# server=1 to accept JSON-RPC commands
server=1
daemon=1
# listen=1 to accept connections from outside
listen=0

# RPC connection from localhost allowed
rpcallowip=127.0.0.1

connect=104.128.225.215

posii=0

Any recent system updates?

[Apprentice]

Is everything working well now? I can see there is almost 1 pool up (minerclaim).

Why other pools are still offline?

Are payments being sent out?
Got many unconfirmed blocks still...

[starmman]

Is everything working well now? I can see there is almost 1 pool up (minerclaim).

Why other pools are still offline?

Are payments being sent out?
Got many unconfirmed blocks still...

I moved over to minerpool for now - not sure if the botnets have moved across yet - hopefully this outage will make them decide to move to another coin...

[ojeck]

Just lower the xmgpool pool fee to 0.5% for this weekend. Enjoy mining!

Thanks for the information.

[penambang]

Any recent system updates?

Nope, didn't do system update since the fork.

[nsummy]

Is everything working well now? I can see there is almost 1 pool up (minerclaim).

Why other pools are still offline?

Are payments being sent out?
Got many unconfirmed blocks still...

There are at least 4 pools up that I know of.  Confirmations take 520 blocks now.

[nsummy]

Is everything working well now? I can see there is almost 1 pool up (minerclaim).

Why other pools are still offline?

Are payments being sent out?
Got many unconfirmed blocks still...

I moved over to minerpool for now - not sure if the botnets have moved across yet - hopefully this outage will make them decide to move to another coin...

There are no botnets.  The 3 pools on https://poolinfo.systms.org/ are making up 33 Mh/s of the 39.  There are pools out there not listed, plus solo miners.  If you look at that 33 Mh/s rate, you see its made up of 580 workers, with an average of 56 Kh/s.  Its just that there are a lot of people mining

[lhedwin]

I just see in MinerClaim home page this:

"Today we are happy to announce, we are official member of the 2nd Proof of Mining Campaign!

We are part of this campaign to make mining possible for people they don't have a large anmount of hardware ressources. The PoM campaign is trying to protect the network and to ensure a fair coin distribution.

You can read the Rules at https://bitcointalk.org/index.php?topic=1095475.0

The Max Hashrate per User is 250KH/s


Thanks to 111magic of bitcointalk.org to make this possible!"

Then go to pool stats and see this:

Contributor Hashrates
Rank    Donor    User   Name    KH/s    XMG/Day    BTC/Day
1               smbijan777     3,185    177.859    0.0092
2               anonymous     2,381    132.967    0.0069
3               nsummy            1,463    81.683    0.0042
4               anonymous     1,304    72.803    0.0038
5               hpulgar          1,125    62.848    0.0033
6               sacramouss    1,116    62.312    0.0032
7               anonymous     1,046    58.432    0.0030
8               anonymous               839    46.868    0.0024
9               vichet97               811    45.282    0.0024
10               Windozxpert       804    44.892    0.0023
11               json                       600    33.498    0.0017
12               aw1985               572    31.937    0.0017
13               anonymous            484    27.033    0.0014
14               sz1977               460    25.715    0.0013
15               PetroW               430    24.007    0.0012


What a joke!!!!!

[nsummy]

I don't understand why everyone is complaining about the hashrate.  I'm new to this coin, and correct me if I am wrong, but isn't it set up in a way which the higher the hashrate, the lower the rewards?  The basic economics of supply and demand and opportunity costs should bring the hashrate to a sustainable rate.  If the the rewards are too low, people will mine elsewhere, when they are high, they will come back.  There is an equilibrium.

Says someone with 1500KH\s.

haha touche, though now I have dropped my hashrate down to 80 Kh/s.  It wasn't worth it with the 5 XMG rewards.  Economics at work!

[bfons]

As I received many requests of no-rollback and also many posts here, we will take the majority that we will go on with the chain on 104.128.225.215 as is, NO ROLLBACK. However, I strongly believe the PoW reward needs a reset at this mode before fix is released in the near future, and the number I have in mind is maximum 15 XMG / block. This is a temporary solution so that we keep chain / mining going. I temporarily shut the node down until we make release of the wallet. Please be prepare for the mining which can be done through solo mining. Please ask if you have questions of starting up solo mining. In the meantime, we seek pools like NOMP; few people present help on NOMP. I appreciate this.

 

I was working on a NOMP node but am not finding that it supports M7M.  Anybody else here running a NOMP node for MAGI?

[akuci]

The Max Hashrate per User is 250KH/s


Thanks to 111magic of bitcointalk.org to make this possible!"[/i]

Then go to pool stats and see this:

Contributor Hashrates
Rank    Donor    User   Name    KH/s    XMG/Day    BTC/Day
1               smbijan777     3,185    177.859    0.0092
2               anonymous     2,381    132.967    0.0069
3               nsummy            1,463    81.683    0.0042
4               anonymous     1,304    72.803    0.0038
5               hpulgar          1,125    62.848    0.0033
6               sacramouss    1,116    62.312    0.0032
7               anonymous     1,046    58.432    0.0030
8               anonymous               839    46.868    0.0024
9               vichet97               811    45.282    0.0024
10               Windozxpert       804    44.892    0.0023
11               json                       600    33.498    0.0017
12               aw1985               572    31.937    0.0017
13               anonymous            484    27.033    0.0014
14               sz1977               460    25.715    0.0013
15               PetroW               430    24.007    0.0012


What a joke!!!!!

Yeah, it's bad for the reputation of the coin, but there are more important things to fix right now I think.

[penambang]

I was working on a NOMP node but am not finding that it supports M7M.  Anybody else here running a NOMP node for MAGI?

Code:

https://github.com/ganjitoka/nomp-multi-hashing-bp

[akuci]

Rewards are getting lower and some folks pumping more hash into the mining... I really don't have anything to say than it's ridiculous. Really ridiculous.

[The Frisian]

Guys, is this okay?