kamarul.jutawan
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September 13, 2017, 05:19:41 AM |
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anyone have any idea when the XMG on novaexchange can transfer to wallet or another exchange? ty
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joelao95 (OP)
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Activity: 1190
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Coin of the Magi!
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September 13, 2017, 05:21:30 AM |
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So ordinary miners do not have protection from losing days?
XMG is not perfect. the profitability adjustment is what set XMG mining apart from any other POW. When it started maybe the reward system was optimal but of course miners would adjust and learn how to get more profit jumping in and out. Thats the game. So i believe it needs to be adjusted again but definitely the adjusting reward system should be kept. I suggested just a few days ago or maybe a week ago to incorporate a more random reward system. But dev thinks its not the way. Maybe he has another plan to tackle it. Let us remember that the adjusting reward system was meant to prevent big farms from mining. Its meant to make the coin more centralized. Dev means well. unfortunately the flexible reward system is too straight forward so it can be exploited. And it is being exploited. Temporary or permanent reduction in max reward really wont solve anything in the long run as long as max is still profitable. Regular miners would suffer more than big farms. Big farms farm more than 1 type of coin thats why they jump in and out. Unfortunately whatever reward you get is also same for everybody. Nobody has the upper hand. Just people with more resources. I didn't yet give a deep thinking on the mining thing as I put all efforts into getting done fix first at this time. For that being said, I neither agree nor disagree randomness and I've mentioned this can be optional. This part must be clear. Mostly it's the case that people make use of reward predication to mine, however, this is not a general case that is applicable to miners, like botnets. We've been through some old times, and had discussions with miner developers who believe chances are always there for some big miners despite how much small reward. They do care about profits for sure, however, they definitely mine the way differently from generic users. When we propose the randomness as one of the approaches, let's be clear the role of randomness in reducing miners. This is the question I mentioned: Randomness can be optional, while I'm wondering if randomness is mainly served to make block value guess be difficult? However, if we go patterning the average reward following a rule, I bet people can make use of the average rule.
It's for sure that there is bare chance we should go completely random blocks or we will make the small miners out of the scene, unless we have a strong reason And yet, I wouldn't go complete random blocks at this point, as in the case big miners jump in who will actually control majority reward; the reward must make connections to parameter(s) that reflects the actual mining scene. Put together, I would say randomness as additive can be considered, but we need to be clear its purpose and how it functions. Let us remember that the adjusting reward system was meant to prevent big farms from mining. Its meant to make the coin more centralized. ..
DEcentralized?
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abbeytim
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September 13, 2017, 05:42:40 AM |
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ok m fine how the coin reward system was made just fix the main forking issues and get it back on the exchanges
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joelao95 (OP)
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Coin of the Magi!
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September 13, 2017, 05:57:53 AM |
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I have put a test chain on node 45.35.251.73. This is only for test; mining won't be valid:
Download the wallet and blockchain from the following:
http://coinmagi.org/bin/test/ (I'm away from my compiling setup so only 64bit binaries are available at the moment)
source: https://github.com/magi-project/magi/tree/v1.4.3-test
* v1.4.3.1 * v1.4.3.2: Updated protocol version so that prior version will be disconnected * v1.4.3.3 Difficulty adjustmentPls help the test (PoW & PoS mining). We'd see if this test comes out without forks.
The chain will proceed when PoS and PoW both are mined or in a pace of about 15minutes when block conditions aren't met. If you have coins in the official chain, you might be able to use that on the test chain for PoS minting (make sure backup wallet.dat).
Node: I'd push another test wallet v1.4.3.3 which contains a difficulty adjustment. This is TEST, NOT the formal wallet. The following likely changes are to be made to the final in addition to the fix: 1) Difficulty adjustment back to moving average of the last four blocks. In case of block checking (mixed PoW/PoS) not satisfied, difficulty remains unchanged. 2) The mixed PoW/PoS block checking rules: In-between two PoW has least one PoS, or 10 min block time Five PoS contains at least one PoW, or 3 min block time It's likely better to have two PoS blocks minted than one between PoW blocks, however, this might get tricky as currently the block time of PoS and PoW is 1.5 and 3min. Therefore, I propose to change the PoW block time from 3 min to 4 min. Let me know.
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eogr-s
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September 13, 2017, 06:00:24 AM Last edit: September 13, 2017, 06:15:42 AM by eogr-s |
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Should we keep following with the only 104.128.225.215 node's chain (connect=104.128.225.215) or it's allowed to expand nodes list as regular (addnode etc)? I ask because I've changed the "connect=104.128.225.215" to "addnode=104.128.225.215" and seems catch some strange behaviour Wallet-1.4.3.1 Here is from my debug.log agiMiner: new block found hash: 000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29 target: 0000000086ef0000000000000000000000000000000000000000000000000000 CBlock(hash=000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29, ver=5, hashPrevBlock=986ebca6348c3ac0322dfd4696f7b6adcaf08f283181ed849ad608cb4efb39b7, hashMerkleRoot=0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72, nTime=1505252350, nBits=1d0086ef, nNonce=187196, vtx=1, vchBlockSig=3044022069414970439829a3c229980788ba43a16a137892ee0b804dacfa76787e586ad0022020425f2c0480936ea13f2fbcefa23bb6ca11a5b78abb7377ff8591d933253bbe) Coinbase(hash=0bb55fed88, nTime=1505252314, ver=1, vin.size=1, vout.size=1, nLockTime=0) CTxIn(COutPoint(0000000000, 4294967295), coinbase 03d4881602c700062f503253482f) CTxOut(nValue=8.78079905, scriptPubKey=025bcf17216ee86f14906f9026ce8b9dd5627d98d4b5d7486c53321fe303368945 OP_CHECKSIG) vMerkleTree: 0bb55fed88 generated 8.78079905 AddToWallet 0bb55fed88 new NotifyTransactionChanged 0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72 status=0 updateWallet 0bb55fed8894498844ac73b94c3ec4a5b939e9b5f7bfec797d769b7effa96e72 0 SetBestChain: new best=000000005b5ea0db12ed287ce8d3cb475a7c87e04a71195ac0654ba407e89c29 height=1476820 money supply=8052770 trust=66450092821708 date=12.09.2017 21:39:10 Stake checkpoint: a7c46b89 ProcessBlock: ACCEPTED
And here is from this block's info from chainz.cryptoid.info { "hash": "00000000835d34917dbefadd1d33fa1eb6f0ad0b8cd28e13d4629405ae2ebe23", "confirmations": 471, "size": 282, "height": 1476820, "version": 5, "merkleroot": "941148c19a9d696701066b17cbbed86670f6a3c371909721e944d2768e459238", "mint": 8.78079905, "time": 1505252350, "nonce": 3758111380, "bits": "1d0086ef", "difficulty": 1.89720059, "previousblockhash": "986ebca6348c3ac0322dfd4696f7b6adcaf08f283181ed849ad608cb4efb39b7", "nextblockhash": "5a4016e30461fd84d67627cc28ac8b3b49a4f8219ca7e201ce9d12bfea6c1228", "flags": "proof-of-work", "proofhash": "00000000835d34917dbefadd1d33fa1eb6f0ad0b8cd28e13d4629405ae2ebe23", "entropybit": 1, "modifier": "3125108231465701", "modifierchecksum": "a7c46b89", "tx": [ "941148c19a9d696701066b17cbbed86670f6a3c371909721e944d2768e459238" ], "signature": "304402202a7c4ea0e7e2fe4da016f646ad4d8228d47816757c4480e2e7d9cb2a5bb4d58602203745ff249d254837ef2ed5aec9c159c2b79488c88aa90fce9b013581991b77e2" } I've resynced the wallet with "connect=104.128.225.215" and I do not see mined coins. Update: Chain seems perform REORGANIZE received block 00000000835d34917dbe ProcessBlock: ACCEPTED received block 5a4016e30461fd84d676 REORGANIZE REORGANIZE: Disconnect 1 blocks; 986ebca6348c3ac0322d..000000005b5ea0db12ed REORGANIZE: Connect 2 blocks; 986ebca6348c3ac0322d..5a4016e30461fd84d676 REORGANIZE: done
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edward0181
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September 13, 2017, 06:33:59 AM |
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I'll fire up a test server again to help testing. If chain of last test is still v valid I may even have enough to pos also.
Will let you know. Thanks Joe
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The Frisian
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Activity: 1019
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Senior Developer and founder of ViMeAv ICT
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September 13, 2017, 07:23:07 AM |
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I still don't understand how my weight can be bigger than the network weight. Who can explain this to me?
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iPedroso
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Activity: 12
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September 13, 2017, 07:50:33 AM |
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Hi! My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)... Without having the option to trade, it is almost useless to mine anymore... Any ideas? Thanks a lot!
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edward0181
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September 13, 2017, 07:51:54 AM |
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Hi! My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)... Without having the option to trade, it is almost useless to mine anymore... Any ideas? Thanks a lot! You can read a few pages back. We're testing new wallets. When they pass, exchanges will go back to working. Will take a few days more, max
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111magic
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Activity: 1750
Merit: 1005
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September 13, 2017, 07:54:22 AM |
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Hi! My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)... Without having the option to trade, it is almost useless to mine anymore... Any ideas? Thanks a lot! Welcome in our friendly Magi community. Magi team requested the exchanges to put XMG wallets on maintenance mode until release of new wallets. At the moment it looks like they (new wallets) are coming very soon. Keep eyes here on the thread or other forums/social media. Lol Edward0181 your respons was faster! 😃
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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iPedroso
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Activity: 12
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September 13, 2017, 07:58:50 AM |
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Hi! My first try here: Is there any Exchange where I can trade XMG? All those I tested either do not list it anymore (eg Poloniex) or do not let me create an adress I need (Novaexchange, Bittrex, Cryptopia)... Without having the option to trade, it is almost useless to mine anymore... Any ideas? Thanks a lot! You can read a few pages back. We're testing new wallets. When they pass, exchanges will go back to working. Will take a few days more, max Thanks for your immediate response! Let's go on mining!
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My9bot
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September 13, 2017, 08:08:01 AM |
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I still don't understand how my weight can be bigger than the network weight. Who can explain this to me? on test chain?
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edward0181
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September 13, 2017, 08:11:03 AM |
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BTW, Is there any block explorer avail for test node? Just to check some things?
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The Frisian
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Activity: 1019
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Senior Developer and founder of ViMeAv ICT
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September 13, 2017, 08:12:27 AM |
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********************* TESTWALLET **************************** The testwallet is staking,.
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penambang
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September 13, 2017, 08:13:43 AM |
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I'm curious why we didn't use testnet for testing?
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edward0181
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September 13, 2017, 08:14:24 AM |
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Mining does too
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The Frisian
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Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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September 13, 2017, 08:14:37 AM |
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I still don't understand how my weight can be bigger than the network weight. Who can explain this to me? on test chain? Nope, the real one! The one below is from testwallet :
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111magic
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September 13, 2017, 08:15:00 AM |
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I'm curious why we didn't use testnet for testing?
Hmm don't know that. Btw whats happening with BTC? Huge drop!!!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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The Frisian
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Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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September 13, 2017, 08:28:10 AM |
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I'm curious why we didn't use testnet for testing?
Hmm don't know that. Btw whats happening with BTC? Huge drop!!! Maybe this one: BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up https://twitter.com/bitcoinspot
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111magic
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September 13, 2017, 08:29:41 AM |
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I'm curious why we didn't use testnet for testing?
Hmm don't know that. Btw whats happening with BTC? Huge drop!!! Maybe this one: BREAKING: JPMorgan CEO Jamie Dimon says bitcoin "is a fraud" that will eventually blow up Hmm that might be a reason. Might be tactics to drop the value and buy some cheap.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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