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

[Pool42]

Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.

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[starmman]

Novaexchange is Online.

Great to hear - thanks for the info - tried this morning and was unable to trade =D

[starmman]

Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.

I'm starting to think that the additional Magi that came in at the start had something to do with starting Staking and the new wallet - since my staking frequency increased when I migrated onto the new version, but has dropped back again now that my weight is back to normal. I remember that the new algorithm needs PoS blocks to be intersected with PoW blocks, which could make the coin rarer - this could help keep the value of Magi nice and high =)

Not sure if trex are staking - if so then the amount of mined coins could increase

[starmman]

Novaexchange is Online.

Great to hear - thanks for the info - tried this morning and was unable to trade =D

Hmm... trades are still disabled for me on Nova - anybody else having the same issues?

[pmsk]

We support this, we haven't been able to find as much blocks as before, even though the earning per block is above what we had, our miners earn less.
It looks like the new rule not really resulted in what was expected.

Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

Current reward per block: 42.97. The lowest reward I saw was ~20. So not, big miners no earn less, but giant hashrate now have no dramatic effect on difficulty. Actually, we have algo hashrate limit. Now you cannt start up 50 Mh botnet and ruin reward, because POW blocks count depends on POS blocks count, generated by minor users.

[The Frisian]

I'm starting to think that the additional Magi that came in at the start had something to do with starting Staking and the new wallet - since my staking frequency increased when I migrated onto the new version, but has dropped back again now that my weight is back to normal. I remember that the new algorithm needs PoS blocks to be intersected with PoW blocks, which could make the coin rarer - this could help keep the value of Magi nice and high =)

I'm curious if the amount of XMG mined today is more or less than, lets say a month ago.
Nowadays there are around 16 blocks mined every hour, around 600 coins.
Leading to 15k XMG every day, almost half a million every month.
I guess that's much more than before?  ( 7 million in 3 years)
Please correct me even if you only think I'm wrong.

[edward0181]

Great... Lost 600 XMG was send to Nova before fork...
 

[edward0181]

Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.

The only thing that I noticed, is that with current difficulty it is hard for a pool with let's say abt 500Kh - 800 Kh/s to even find 1 block.
Before the fix we could find at least 2-3 blocks a day. Now it's taking more then 1 day even to find a block. I can see few blocks, but not accepted due to new PoS / PoW rule.
And when 2 PoS blocks have past it's (pretty much) always the high hashrate pools taking the next PoW block

[Pool42]

The only thing that I noticed, is that with current difficulty it is hard for a pool with let's say abt 500Kh - 800 Kh/s to even find 1 block.
Before the fix we could find at least 2-3 blocks a day. Now it's taking more then 1 day even to find a block. I can see few blocks, but not accepted due to new PoS / PoW rule.
And when 2 PoS blocks have past it's (pretty much) always the high hashrate pools taking the next PoW block

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

[The Frisian]

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.

[edward0181]

That is true, of course.
But compared to not finding any blocks at all is just burning clouds.

[abbeytim]

miner claim has like 59mh/s now

https://poolinfo.systms.org/#pools

[Pool42]

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.

Of course, though back then it used to be in average blocks of 8.

And maybe shall I recall you that it was the maintenance mode where rewards (and therefore benefits) were drastically brought down compared to before.
Now, if we look back, 15 blocks at 8 XMG is worth 120 per day while here we have 80 per day.

We actually expected the income of our miners to be four times above what it used to be during maintenance...

That is true, of course.
But compared to not finding any blocks at all is just burning clouds.

That's right. It sounds like this update weakened small polls pushing people to go to large pools.

[The Frisian]

That's right. It sounds like this update weakened small polls pushing people to go to large pools.

Is it possible that the small pools had around 5% of the total hashrate and now 2%? (Pool42 1% of visible miners)
Over last year I see the mean blockreward was above 8 XMG.

[111magic]

Hi staff,

Can you invite on slack ?

&

where is exchange for now?
- Yobit low
- maintenance bittrex
- cryptopia delisted
...

thx

Are you on slack yet or do you need an invite?

Hi 111magic

I would like an invitation

& thx all for your stats

Will send it when iam back home!🖒
Send your emailaddress pm pls

[111magic]

Novaexchange is Online.

Good news. Happy to see this.

[Apprentice]

Novaexchange is Online.

Good news. Happy to see this.

what about bittrex? When that wallet will be online?

[starmman]

Great... Lost 600 XMG was send to Nova before fork...
 

Did you try a resync of your wallet - and a repairwallet

You should be able to trace where your 600XMG went to...

[edward0181]

Have send them a email... will be ok.

In the meantime, does anyone know if Suprnova will come online again? Still have some XMG laying about there.

[starmman]

If the block reward stays as is, there will be huge supply to limited demand leading to a serious inflation for the value of the coin.

All the hard earned coins mined before one month will also lose value.

I am scared now.

Yes, it wont be in most peoples interests for large rewards to stay, if there are 500k per month mined that would decimate the price very quickly