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

[The Frisian]

By the way, there was again a very nice pump on bittrex.
Thanks to the guy(s) who made this possible.
Maybe next time until 30K, please. 

[Myth888]

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.

thats one of the reason but that company is also invested in blockchain specifically etherium alliance i believe. or hyperledger i forgot which one. Hes specifically doesnt support bitcoin but not all coins. Either that or he doesnt know whats going on with his company.lol Also the news from china about ico. But that doesnt really affect bitcoin since that is etherium anyway. But then again people like to dump and pump when news like this goes out. wait a week or so when the people who started the dump feels its at its bottom low they will buy your coins in a flash

[Apprentice]

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.

thats one of the reason but that company is also invested in blockchain specifically etherium alliance i believe. or hyperledger i forgot which one. Hes specifically doesnt support bitcoin but not all coins. Either that or he doesnt know whats going on with his company.lol Also the news from china about ico. But that doesnt really affect bitcoin since that is etherium anyway. But then again people like to dump and pump when news like this goes out. wait a week or so when the people who started the dump feels its at its bottom low they will buy your coins in a flash

also JP are partneres with Zcash.

This is just a market play, as said above Every now and then someone is dumping anything to the media especially those who feels threatened

[Myth888]

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?

yup decentralized... hahaha. sorry for that. i tend not to read what i type. hahaha. Dont worry about it Joe its just a suggestion. And yup the role of the random reward is to reduce miners who only mine during high reward. For example when i started mining i was on zpool. Zpool has a very good profit switcher and when it detects the last block from any coin is more profitable than what you currently mine it will automatically disconnect which allows you to create a very long batch file to switch from one coin to another. With random block reward it wont be as attractive. People might start leaving out XMG from those profit switching mining they are doing. Im pretty sure some have neat apps to help them select coins. I know of one. But again i have complete faith in you and the direction which you want to take XMG. You have done well in the last 3 years so ill just wait for any brilliant idea which you may have.

and of course it is an add on only. Do not give up the hash rate based adjustment you currently have. If you add randomizer just put it as a multiplier. Thanks for taking the time to read through the post.

[Myth888]

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.

thats one of the reason but that company is also invested in blockchain specifically etherium alliance i believe. or hyperledger i forgot which one. Hes specifically doesnt support bitcoin but not all coins. Either that or he doesnt know whats going on with his company.lol Also the news from china about ico. But that doesnt really affect bitcoin since that is etherium anyway. But then again people like to dump and pump when news like this goes out. wait a week or so when the people who started the dump feels its at its bottom low they will buy your coins in a flash

also JP are partneres with Zcash.

This is just a market play, as said above Every now and then someone is dumping anything to the media especially those who feels threatened

good info didnt know that. Banks are directly affected if coins do succeed. Coins have already succeeded in many ways and most big banks have been investing in blockchain to cope up with the times. But they do try their best to delay coins as much as possible.

Banks need your money to invest in other ventures and make more profit than the interest they give you. Its highly probable that some banks actually do some coins trading. In the end when you dont need banks to store your money they lose their source of funds. I dont think you actually use banks to earn interest since they dont really give you much anyway. Most of us use it to store money or to transfer it. Coins provide this. WIth POS coins also provide interest.

[edward0181]

Is there anyone who knows how to clear like 310 unconfirmed XMG from wallet.
They are stuck in there since last fork, and it's kinda frustrating to see my total amount all screwed up.

Thanks

[enjolras]

Is there anyone who knows how to clear like 310 unconfirmed XMG from wallet.
They are stuck in there since last fork, and it's kinda frustrating to see my total amount all screwed up.

Thanks

Export your private keys and import them in a clean wallet with a clean blockchain. That should do it.

Cheers

[Apprentice]

any idea when bittrex wallet will go online?

[Myth888]

any idea when bittrex wallet will go online?

i recon not until 1.4.3 is out or when Joe and dev team contacts bitrex and finally give the ok signal.

[maxeprom]

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!

Not tradeable *for now*, but the devs *are* working, the community is expecting. XMG has future.
IMHO, at this moment, very worth to mine it, and keep it.

[111magic]

any idea when bittrex wallet will go online?

i recon not until 1.4.3 is out or when Joe and dev team contacts bitrex and finally give the ok signal.

Correct! Think it will be soon!

[The Frisian]

Wow, looking at my wallet history, so far.



I use this address for 15 months now.

[edward0181]

any idea when bittrex wallet will go online?

i recon not until 1.4.3 is out or when Joe and dev team contacts bitrex and finally give the ok signal.

Correct! Think it will be soon!

Tested new wallet so far. No issues on pow and pos found so far. New blocks generated nicely.

Hope Joe is able to make new coding just before 3th birthday.

[The Frisian]

any idea when bittrex wallet will go online?

i recon not until 1.4.3 is out or when Joe and dev team contacts bitrex and finally give the ok signal.

Correct! Think it will be soon!

Tested new wallet so far. No issues on pow and pos found so far. New blocks generated nicely.

Hope Joe is able to make new coding just before 3th birthday.

Same with me, I send Joe the debug.log. No problems!

[akuci]

So Bittrex wallet will be fixed tomorrow or?

[lhedwin]

I'm curious why we didn't use testnet for testing?

Hmm don't know that. Btw whats happening with BTC? Huge drop!!!

Hi.

The Bitcoin is at correction prices. Also continuing rumors that China could close exchanges, as well as warnings about ICOs from other jurisdictions, such as the FCA, continue to affect price.

[lhedwin]

any idea when bittrex wallet will go online?

i recon not until 1.4.3 is out or when Joe and dev team contacts bitrex and finally give the ok signal.

Correct! Think it will be soon!

Tested new wallet so far. No issues on pow and pos found so far. New blocks generated nicely.

Hope Joe is able to make new coding just before 3th birthday.

Hi edward0181.

the pool has a weir behabior. i have workers with more than 15Kh and 45Kh, but the pool shows all workers at 13Kh. Sometimes a worker at 45Kh is showed in the pool al 13Kh, or the worker is not in the workers list.

[edward0181]

Thanks.
Have seen it too. It's stratum going mad from high amount of blocks created. I'll change the var diff time a bit.

[lhedwin]

Thanks.
Have seen it too. It's stratum going mad from high amount of blocks created. I'll change the var diff time a bit.

Looking good now.

[starmman]

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.

Didn't notice the bitcoin drop today - also didn't manage to work with the magi surge too much, and my bot got hit by a windows upgrade - need to start running a server and do less business travel I think =)