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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375690 times)
Myth888
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September 19, 2017, 09:18:10 PM
 #19581

As i said we need something to curb big miners who are only mining for short term profit. A randomizer might do the trick. That way multipools like zpool wouldnt push much hashrate to XMG because of profitability too much. Ive been in zpool and im one of those who had autoswitch on. I didnt know about magi then. Regarding minerclaim and other pools. Its a lot of effort to enforce hash rate limit and frankly they profit from miners if they make miners unhappy by banning them they lose a lot of money.

If you are really supporting XMG as a miner i suggest select a smaller pool to balance the hashrate. Maybe not the really small pools right now since the hashrate is crazy. But avoid allowing a single or 2 pools to dominate 70% of the hashrate. It makes the network centralized at that point.
iqone
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September 19, 2017, 09:18:56 PM
 #19582

bittrex wallet is online now WoW Grin Grin Grin Grin Grin Grin Grin

greatttttttt !!!!!!!
Myth888
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September 19, 2017, 09:26:19 PM
 #19583

During maintenance the reward was unusually high per miner as well but low as a total for the network. It was high per miner because there were less competition since only those who were diligent to stay on the right chain got the proper reward. The current fix needs to be tweaked. I wont say its broken i just think it needs to be tweak properly and it would work as well as our previous rules. Wont solve those miners who will come and go when profits are high or low.

Im sure Joe is already figuring out his math so lets just give him some time to hash it on natural computer sitting inside his head. :p
111magic
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September 19, 2017, 09:33:07 PM
 #19584

bittrex wallet is online now WoW Grin Grin Grin Grin Grin Grin Grin

greatttttttt !!!!!!!

Very good news! Magi is back on the right track!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
The Frisian
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Senior Developer and founder of ViMeAv ICT


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September 19, 2017, 09:33:40 PM
 #19585

bittrex wallet is online now WoW Grin Grin Grin Grin Grin Grin Grin

greatttttttt !!!!!!!

Very good news! Magi is back on the right track!

Me too!!!
seeksilence
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September 19, 2017, 09:51:24 PM
 #19586

Time to sell  Huh

minerclaim.net
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September 19, 2017, 09:56:49 PM
 #19587

Hi minerclaim,

perso no prob

just to let you know
prob stat (display)
high fluctuation ( hashrate )

could set up a port
low-mid-high worker ?

i am bitnod

Thank you. Yes, we know about that, will check what we can do.

We will set up a few more stratum servers as soon as possible, currently I don't have any ETA when we are done. Will let you know!

Nice to see that Bittrex is already up again! Smiley
goldlabel
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September 19, 2017, 10:09:20 PM
 #19588

Time to sell  Huh

yes sell them Grin
seeksilence
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September 19, 2017, 10:12:50 PM
 #19589

May sell some to cover the server cost. Need to wait 520 confirmation.  Cheesy

goldlabel
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September 19, 2017, 10:24:05 PM
 #19590

May sell some to cover the server cost. Need to wait 520 confirmation.  Cheesy

you know im joking right, coz its a bad thing to sell them now Wink
seeksilence
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September 20, 2017, 12:05:46 AM
 #19591

http://xmg.luckypool.ml/index.php?page=statistics&action=blocks

Found 3 blocks after wallet update. Latest found block is 1484921.

Welcome to join the NOMP pool with
port 3333 for Low range CPU, Starting Difficulty: 4,
port 3332 for Better range CPU, Starting Difficulty: 32
port 3256 for High range CPU, Fixed Difficulty: 256   (can be changed by request)

Happy mining!



pmsk
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September 20, 2017, 12:20:35 AM
 #19592

May sell some to cover the server cost. Need to wait 520 confirmation.  Cheesy

you know im joking right, coz its a bad thing to sell them now Wink
Why? Current price ~$0.24 was half-year ago and I see no one fundamental reason for dramatic increasing. Do you talk about value drop after massive sells?
joelao95 (OP)
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September 20, 2017, 02:39:36 AM
 #19593

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

edward0181, could you confirm this? and see if that can be restored there at Nova. As long as you're not sending coins to an address existing in the forked chain, they are still there either your wallet or Nova. PM me when you confirm this is loss.


  Coin MAGI  . XMG   
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.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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September 20, 2017, 03:27:11 AM
Last edit: September 20, 2017, 03:47:40 AM by joelao95
 #19594

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.

There are a few raised concern regarding the new wallet, but I'll keep a rely to all here.

The big rewards does sound coming out the way that appears uncommon. Following my prior post about overhash things, additionally I do need to reassure we're going the right direction. We need a reasonable hashrate estimate, and the PoW / PoS rule has been going the way affecting how difficulty is being adjusted. I'll need a better handling, or put it the way being trivial to the block time.

At this moment I wouldn't agree with the conclusion based on what we thought; there are no special things that rule out the smaller pools except this first thing came out with the big rewards. Anyways, let me give updates on the correct network hashrate calculation and how to take actions on correcting the block reward likely in this weekend (need get my work stuffs sorted out as the first high priority).

Here what we have regarding the mining; the pools with higher hashrate have the higher probability of finding blocks, or can find more blocks than the smaller scale pools; those blocks found include those accepted and rejected (PoW general rule). This means when smaller pool gets blocks rejected; the big pools should get even more blocks rejected; doesn't make sense the other way around.

There are causes like the big miners coming along that would lead to difficulties in finding blocks; this can be reasonable since the block reward gets high, and also we get back on normal functions with more open pools (like zpool is up but not in the maintenance mode).

Edit: Just spotted the block rewards drop down to ~2 XMG; will check on the things anyways. I also suggest pools monitor the blocks to get some average values over days. Feel free to post here what you get.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
iqone
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September 20, 2017, 03:28:26 AM
 #19595

Hi minerclaim,

perso no prob

just to let you know
prob stat (display)
high fluctuation ( hashrate )

could set up a port
low-mid-high worker ?

i am bitnod

Thank you. Yes, we know about that, will check what we can do.

We will set up a few more stratum servers as soon as possible, currently I don't have any ETA when we are done. Will let you know!

Nice to see that Bittrex is already up again! Smiley

Minerclaim you play with the diff pool ?? Stop please
currently we lose a lot of money ..
5.262Kh/s = 0.0068/ 0.0042 Btc/day  Oo

joelao95 (OP)
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September 20, 2017, 03:39:45 AM
 #19596


Hi 111magic

I would like an invitation Smiley

& thx all for your stats
Will send it when iam back home!🖒
Send your emailaddress pm pls

Here is the one I recommend to use:

http://slack.m-core.org/


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
iqone
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September 20, 2017, 03:51:24 AM
 #19597


Hi 111magic

I would like an invitation Smiley

& thx all for your stats
Will send it when iam back home!🖒
Send your emailaddress pm pls

Here is the one I recommend to use:

http://slack.m-core.org/


Hi joelao95

it's ok since yesterday Wink
meeting on slack
lhedwin
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life is simple!


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September 20, 2017, 04:27:58 AM
 #19598

http://xmg.luckypool.ml/index.php?page=statistics&action=blocks

Found 3 blocks after wallet update. Latest found block is 1484921.

Welcome to join the NOMP pool with
port 3333 for Low range CPU, Starting Difficulty: 4,
port 3332 for Better range CPU, Starting Difficulty: 32
port 3256 for High range CPU, Fixed Difficulty: 256   (can be changed by request)

Happy mining!



Hi.

Low range CPU: kh/s?
Better range CPU: kh/s?
High range CPU: kh/s?

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crombiecrunch
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September 20, 2017, 04:36:22 AM
 #19599

thats a lot of baaaaaaaaaad luck

iqone
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September 20, 2017, 04:41:38 AM
 #19600

Hi minerclaim,

perso no prob

just to let you know
prob stat (display)
high fluctuation ( hashrate )

could set up a port
low-mid-high worker ?

i am bitnod

Thank you. Yes, we know about that, will check what we can do.

We will set up a few more stratum servers as soon as possible, currently I don't have any ETA when we are done. Will let you know!

Nice to see that Bittrex is already up again! Smiley

Minerclaim you play with the diff pool ?? Stop please
currently we lose a lot of money ..
5.262Kh/s = 0.0068/ 0.0042 Btc/day  Oo



I just got it
no comment :p

ouchhhh switch ~42 to ~2 very hard...
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