|
Myth888
|
 |
August 27, 2017, 05:10:40 PM |
|
Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.
|
|
|
|
|
|
akuci
|
|
August 27, 2017, 05:13:09 PM |
|
Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.
I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying. |
|
|
|
|
|
akuci
|
|
August 27, 2017, 05:16:19 PM |
|
I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.
|
|
|
|
|
|
|
|
Myth888
|
|
August 27, 2017, 05:19:45 PM |
|
Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.
I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying. The Magi team is very active. i guarantee you they are reading each post specially magic and joe. But the problem is much more complex because of the decentralized nature. If it was a close system the fix would have been much easier. So voice out but be patient. |
|
|
|
|
oxothuk
Member
 Offline
Activity: 71
Merit: 10
|
|
August 27, 2017, 05:23:08 PM |
|
I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.
Seems only u do not understand what we are speak about. will try to explain for example: hash net "limit" 20Mh block reward (40) , after 20 block reward (0) now used 19Mh... and bighash guy with another 20 Mh come here.. You suggest him use only 1Mh and get 1/20 (only 5% ) of revenue. but he have 20mh.. he add ~2Mh , and reward drop to 0... after some time most of miners leave... and he start his 20Mh and get almost 100% of block reward for some time, not 5% of course this is extreme values, in fact not all leaves, but it can be easy script who monitor network and switch power depends of situation. I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.
It is one of way to avoid porblem with big hashrate.. fix reward. But in this case difficulty should raise after some time. |
|
|
|
|
|
Myth888
|
|
August 27, 2017, 05:24:18 PM |
|
there is a delay on how the rewards adjust based on hashrates. Thats how the botnets and rentals play magi. They only mine when the reward is high and only stay until the rewards have come down. |
|
|
|
|
|
Flapmin
|
|
August 27, 2017, 05:24:53 PM |
|
Who will ditch it? Botnets, wanna be millionaires? Who even cares about them? Then rename coin to Botnetfasprofit Coin.
I just try to make a coin more fair for everyone, if most of the community like mining almost nothing meanwhile some dude with like 20k MH is grabbing all of the already small rewards, then ok, I have no problem with it. I really don't wanna fight with the majority of the community... but for now I see that minority is almost bullying the majority, and even after so many pages they don't understand that if they limit their hash, they will be earning more, and the rest of the power they can route to some other coin and earn there some plus profit. I know, not everyone is mining here to support the coin, there are people who just want to make money, but they go with brute force instead of going smart.
Let's say you have like 5k, because 20k is extreme. You put 1k in Magi, really small number of miners have 1k even, and the other 4k in Bytecoin for example. You said that you don't care about profit, then do it that way. You will be earning much more Magi with 1k then 5k.
I try to explain that fact all the time ... the coin will pay out per block regardless of the net hash... its a percentage of the block reward dictated by time ... if you have 1 MH on a 100MH network you have 1% If you have 100MH on a 1000MH network you have 1% your only hurting yourself buy hashing too much more then the avg hash rate |
|
|
|
|
|
Flapmin
|
|
August 27, 2017, 05:27:32 PM |
|
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps |
|
|
|
|
Cyboria
Newbie
Offline
Activity: 21
Merit: 0
|
|
August 27, 2017, 05:50:22 PM |
|
...
there is a delay on how the rewards adjust based on hashrates. Thats how the botnets and rentals play magi. They only mine when the reward is high and only stay until the rewards have come down. Ok. That makes sense. So if I understand correctly, the difficulty of a block isn't determined 'on the spot' based on the current net hashrate? What is the reason for this? Because it's practically not possible? It sounds to me that it's now based on an average hashrate of the x past hours/days. Is this correct? Can I compare this with the BTC idea where they recalculate the difficulty every 2016 blocks? More miners, block difficulty increases, in MAGI something similar happens but on a faster scale? Edit using the comment of Flapmin: ...
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps Difficulty recalculation is now based on the blocks from the last 8 hours? Or did I interpret that wrong? |
|
|
|
|
|
Flapmin
|
|
August 27, 2017, 05:55:46 PM |
|
Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.
I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying. The Magi team is very active. i guarantee you they are reading each post specially magic and joe. But the problem is much more complex because of the decentralized nature. If it was a close system the fix would have been much easier. So voice out but be patient. indded they are .. lots of commits lately |
|
|
|
|
Pyroboby7
Member
Offline
Activity: 94
Merit: 10
|
|
August 27, 2017, 05:55:54 PM |
|
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps flaps? |
XMG - 95AySiw3GaiTxf5xWBnZLLWkJ9orhyagbx
|
|
|
|
Lightsplasher
|
|
August 27, 2017, 06:00:28 PM |
|
i have the latest wallet 1.4.3.0 , but it wont update blocks even i updated the conf file
listen=1
connect=104.128.225.215
daemon=1
server=1
rpcport=8232
rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=x
the blocks remains at 1453068. its been 2 days and not updating not even 1 block. anything i did wrong?
thank you
I have listen=0 but I'm not sure that would cause an issue. I would restore from the latest block chain posted by the dev and try to sync again. The wallet is currently working well for me. Once you are on the right chain I would change "connect" to "addnode" so you can get additional peers and reduce your orphan rate. I had an issue minting just connected to one node as I posted earlier. |
|
|
|
|
|
goldlabel
|
|
August 27, 2017, 06:03:50 PM |
|
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps flaps?  alot of magi flaps? |
|
|
|
|
pmsk
Newbie
Offline
Activity: 73
Merit: 0
|
|
August 27, 2017, 06:07:42 PM |
|
I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.
Seems only u do not understand what we are speak about. will try to explain for example: hash net "limit" 20Mh block reward (40) , after 20 block reward (0) now used 19Mh... and bighash guy with another 20 Mh come here.. You suggest him use only 1Mh and get 1/20 (only 5% ) of revenue. but he have 20mh.. he add ~2Mh , and reward drop to 0... after some time most of miners leave... and he start his 20Mh and get almost 100% of block reward for some time, not 5% of course this is extreme values, in fact not all leaves, but it can be easy script who monitor network and switch power depends of situation. I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.
It is one of way to avoid porblem with big hashrate.. fix reward. But in this case difficulty should raise after some time. Forget, you're arguing with low-powered greedies. "We have 1-2 Celerons, but we want to have more, more money! 50, not - 100 XMR daily! So ban all high-powered miners and we get all their coins!". |
|
|
|
|
|
akuci
|
|
August 27, 2017, 06:19:05 PM |
|
Ok, I'm giving up. I wish you all happy mining and a lot of XMG.  |
|
|
|
|
|
Flapmin
|
|
August 27, 2017, 06:31:31 PM |
|
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps flaps? indeed I am flapmin. We fixed the flappycoin network several months ago to restore everyones flappycoin we had to disable the pos side to jump start it ... yes your old flappycoin dats still work after a few months of tinkering we decided the wallet would never be stable enough to run POS since then we have been working on a m7m pow/pos replacement for flappycoin.. FLAPS for lots of reasons .. we will be swapping the entire 10 billion theoretical flappycoins to 10 million total supply of FLAPS the flappycoin chain will be used for wallet development at that point We chose this coin too work with because it solves multiple problems 1 Stable POS Platform 2 asic resistant 3 with the swap we are deflating the flappycoin chain 4 Hard to bully a bunch of coins out of the chain I find it ironic that the problems im reading here and the complaints are exactly the reason that have drawn our team to this coin in the first place. its actually really neat. |
|
|
|
|
|
Flapmin
|
|
August 27, 2017, 06:36:19 PM |
|
looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps flaps? alot of magi flaps? indeed lots to go over before swap and launch flappycoin is being mined up pretty well . lots of changes this coin has been threw we are still trying to decide witch mpow/mpos best suites our project |
|
|
|
|
|
Myth888
|
|
August 27, 2017, 07:10:59 PM |
|
...
there is a delay on how the rewards adjust based on hashrates. Thats how the botnets and rentals play magi. They only mine when the reward is high and only stay until the rewards have come down. Ok. That makes sense. So if I understand correctly, the difficulty of a block isn't determined 'on the spot' based on the current net hashrate? What is the reason for this? Because it's practically not possible? It sounds to me that it's now based on an average hashrate of the x past hours/days. Is this correct? Can I compare this with the BTC idea where they recalculate the difficulty every 2016 blocks? More miners, block difficulty increases, in MAGI something similar happens but on a faster scale? Edit using the comment of Flapmin: ...
err... difficulty is calculated right away as i can observe but rewards adjust a little slower than difficulty. maybe it averages a few blocks to make it more stable and not so erratic. there is a graph somewhere but i didnt bother to study it too much. bitcoin adjusts its difficulty per 2000+ blocks btw. just a point of comparison. looks to be an attempt at better distobution also please note the 8 hr maturity on coins change witch i fully agree with i had already changed to 8 hrs on flaps Difficulty recalculation is now based on the blocks from the last 8 hours? Or did I interpret that wrong? |
|
|
|
|
filoozom
Newbie
Offline
Activity: 11
Merit: 0
|
|
August 27, 2017, 07:12:22 PM |
|
Another issue: I keep getting banned from the main node, and have no clue why: trying connection 104.128.225.215 lastseen=0.0hrs
connected 104.128.225.215
send version message: version 71061, blocks=1451225, us=0.0.0.0:0, them=104.128.225.215:8233, peer=104.128.225.215:8233
socket closed
disconnecting node 104.128.225.215
Same when I start from scratch with 0 blocks. Two IPs banned in two days, always around midnight - 1am but that might be a coincidence. Guess it might be related to https://bitcointalk.org/index.php?topic=735170.msg21232956#msg21232956, but editing banscore should not matter with whitelist=104.128.225.215 if I understand it correctly. I don't think that is a ban, disconnect can happen for multiple reasons like network issues. I get that, but I'm getting this very same message for 48 hours now, while it's running without issues on an other IP. If I proxy the connection through another IP, it connects without issues, so it must be an IP ban. And I got two nodes banned already, can't explain why though. |
|
|
|
|
|
