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

[freeapp]

Hi,
how many coins are needed to get about 10 coins per day with staking?
Or ist there any pos calculator for xmg anywhere outside?

kind regards,
freeapp

[1715211745]

1715211745

[1715211745]

1715211745

[The Frisian]

Hi,
how many coins are needed to get about 10 coins per day with staking?
Or ist there any pos calculator for xmg anywhere outside?

kind regards,
freeapp

200.000 XMG

[joelao95]

For now staking goes very bad, what's wrong.

https://www.mupload.nl/img/w8lpioygbthgx.jpg

The PoS rule can be where need a check. I also check out the PoS difficulty. I do see there is a reduction in the network weight.

[The Frisian]

For now staking goes very bad, what's wrong.

https://www.mupload.nl/img/w8lpioygbthgx.jpg

The PoS rule can be where need a check. I also check out the PoS difficulty. I do see there is a reduction in the network weight.

For now it means 3 out of 4 are lost....

[111magic]

new magi mining pool

http://waroenkcryptopool.com

happy mining...

Thanks amigo. But i noticed the hashrate is very high on your pool. Remember high hashrate will bring blockrewards down! Also for the big miner.
Mining with less hashrate gives efficent more profit if you calculate blockrewards vs powercosts

[starmman]

Hi,
how many coins are needed to get about 10 coins per day with staking?
Or ist there any pos calculator for xmg anywhere outside?

kind regards,
freeapp

200.000 XMG

Wow, that's 12.6BTC at current rate =)

[joelao95]

http://m-core.org/issues.txt

I'd like to address some concerns raised in the past as well as recently. A short summary:

## Concerns raised by the new PoW/PoS block mining/minting rule (v1.4.4.1)

* Potentially disturbed the way how difficulty was being adjusted
* Block rewards are affected accordingly
* Hashrate calculation needs an adjustment
* PoW block rejection causing less effective blocks mined

## Difficulty adjustment in slow response to the hashrate

## Big Hashrate concerns

## PoW / PoS rule violation

For details check out the link.

The first and foremost, we need a change to the difficulty adjustment algo. The situation has been associated with miners who jump in at low difficulty and mine blocks before the difficulty increases. A block-to-block adjustment should reflect the scene of miners in and out that creates hashrate fluctuations. Importantly, the block reward adjustment itself should be sensitive to difficulty / hashrate variation.  

I'd give an expectation of one month to address the concerns; however, the final release might depend. I will update over the course. For the major concerns and possible approaches are mentioned below.

1) Difficulty adjustment algo as mentioned above

2) The new PoW/PoS generation rule concerns block finding efficiency by some pools

* Reverse the PoW block time to original 3 minutes. The idea of using 4 minutes changed in v1.4.4.1 is to reduce the PoW violation; PoW violation seems to occur anyways unless block time is significantly elongated. Instead, the larger block time reduce the number of PoW blocks and thus less chance hitting on the small-scale pools.

* Mitigating PoW block violations

The initial purpose of the PoW rule is to avoid flash mining that likely causes the forking issue; I believe this isn't that helpful on the forking under the new release. In addition, the new rule helps on the situation that big miners jump in when difficulty is low and mine blocks easily and quickly. I thought about reducing down to one PoS block between PoW blocks; however, this is not enough I believe. There is randomness in blocks at different time (though regulated by difficulty), and possibly blocks come out adjacent to another PoW; even though with reducing two to one PoS block between PoW would still lead to rejecting one portion of PoW. One way to take is to have the PoW rule similar to the PoS rule: multiple PoW blocks (say three) one after another allowed, but no more than four (numbers are example). It should be noted that there is a chance when big miners come along they might mine the allowed blocks, and left those blocks to be rejected to other miners; again this can be in part sorted by well-shaped difficulty adjustment. In either way, mitigating PoW block violations is the way to go from what I can see.

3) Big hashrate miners & fast block reward adjustment

A fast-response difficulty adjustment will facilitate evaluating the difficulty properly and thus the block reward (reward-difficulty dependent to each other). Other than this, block reward adjustment should also take place fast and reflects the hashrate in no time; hashrate would be another parameter to have in place.

Given a better responsive block reward, it won't be necessary to turn off PoW at high network hashrate as we talked a while ago. However, I'd go the turning-off approach at a rare situation, like 5-10 fold increase in the hashrate. We'd be aware disturbance to how PoW operates will get side effects as we've seen.

The coin targets at mining to be available to broad audience and general users. I was aware that there is no way to get done by few people, and would put the way in community and encourage participating in suggestions to make it better. Feel free to suggest.

[starmman]

For now staking goes very bad, what's wrong.

https://www.mupload.nl/img/w8lpioygbthgx.jpg

The PoS rule can be where need a check. I also check out the PoS difficulty. I do see there is a reduction in the network weight.

For now it means 3 out of 4 are lost....

I've noticed that I'm not staking so much these days either - I'm away from my wallet for a week again, but will check when I'm back

[freeapp]

Hi,
how many coins are needed to get about 10 coins per day with staking?
Or ist there any pos calculator for xmg anywhere outside?

kind regards,
freeapp

200.000 XMG

Hi,
thanks.
Wow that are a lot of coins...

regards,
freeapp

[The Frisian]

Hi,
how many coins are needed to get about 10 coins per day with staking?
Or ist there any pos calculator for xmg anywhere outside?
kind regards,
freeapp

200.000 XMG

Hi,
thanks.
Wow that are a lot of coins...
regards,
freeapp

A little while ago it was 1 XMG on every 10.000 XMG.
Since the new wallet it is around 1 XMG on every 20.000 XMG.

[oxothuk]

http://m-core.org/issues.txt

I'd like to address some concerns raised in the past as well as recently. A short summary:

The coin targets at mining to be available to broad audience and general users. I was aware that there is no way to get done by few people, and would put the way in community and encourage participating in suggestions to make it better. Feel free to suggest.

I guess you should not "fight" against big hashers.

Why?
   
From chain point of view - every pool is  single bighasher,  solo and low rate workers must go  to pools to earn at least something.
If you beat big hasher - pool, you beat small players too.
If you do random blocks or do very fast difficulty change, big hashers will just watch profitability on longer  period time..  1 - 4 - 8 hours... and see overall revenue, then compare with others.
You should conccern only about coin stability and average values, do not try to please everyone. You can`t do it.
100 workers always do x100 more work.  Solo miners can go to pool and get fair price depends their hr.

PS: I`m one of big hasher (or mid hasher  5-20Mh/s)   For now I do autoswitch when diff is low.

[joelao95]

http://m-core.org/issues.txt

I'd like to address some concerns raised in the past as well as recently. A short summary:

The coin targets at mining to be available to broad audience and general users. I was aware that there is no way to get done by few people, and would put the way in community and encourage participating in suggestions to make it better. Feel free to suggest.

I guess you should not "fight" against big hashers.

Why?
   
From chain point of view - every pool is  single bighasher,  solo and low rate workers must go  to pools to earn at least something.
If you beat big hasher - pool, you beat small players too.
If you do random blocks or do very fast difficulty change, big hashers will just watch profitability on longer  period time..  1 - 4 - 8 hours... and see overall revenue, then compare with others.
You should conccern only about coin stability and average values, do not try to please everyone. You can`t do it.
100 workers always do x100 more work.  Solo miners can go to pool and get fair price depends their hr.

PS: I`m one of big hasher (or mid hasher  5-20Mh/s)   For now I do autoswitch when diff is low.

The plan is not to "fight", instead we're continuing original design and optimizing the way that the coin is designed to be more efficient. The key design in this coin is limitation, without that I believe there already comes huge hashrates and make the small players out of scene. You're misunderstanding the on-going efforts that aren't to limit the pools (and pool is not simply a big miner); instead, we're to get the limitation onto the whole network more efficiently, the individual miners in pools shall take measures on mining, like what you do autoswitch, well I'd put in this way that constant mining with a reasonable size hashrate should be encouraged.

[JohnnyArmani]

Has anybody been able to get their coins off of Cryptopia?!?  So far nothing has appeared in my wallet or in my NovaExchange account yet Cryptopia says both are completed (I only tried with small amounts to test) ..... I'd like to get off Cryptopia since they say they're delisting XMG at the end of September.   

[111magic]

Has anybody been able to get their coins off of Cryptopia?!?  So far nothing has appeared in my wallet or in my NovaExchange account yet Cryptopia says both are completed (I only tried with small amounts to test) ..... I'd like to get off Cryptopia since they say they're delisting XMG at the end of September.   

Don't know if somebody received a respons on the request for updating wallets on Cryptopia yet? We might need to wait on that!

[nsmallt]

Looking out for more information about this on the blogs!

[starmman]

Has anybody been able to get their coins off of Cryptopia?!?  So far nothing has appeared in my wallet or in my NovaExchange account yet Cryptopia says both are completed (I only tried with small amounts to test) ..... I'd like to get off Cryptopia since they say they're delisting XMG at the end of September.   

I pulled mine off a couple of weeks ago as a precaution - all was fine for me - Has 'topia been fully delisted now? Can't login to check as I accidentally saved the wrong password and need to get back to my secure PC to retrieve it.

[111magic]

Has anybody been able to get their coins off of Cryptopia?!?  So far nothing has appeared in my wallet or in my NovaExchange account yet Cryptopia says both are completed (I only tried with small amounts to test) ..... I'd like to get off Cryptopia since they say they're delisting XMG at the end of September.   

I pulled mine off a couple of weeks ago as a precaution - all was fine for me - Has 'topia been fully delisted now? Can't login to check as I accidentally saved the wrong password and need to get back to my secure PC to retrieve it.

I sent another request by Twitter

[mimokrokodil]

Guys is everythig OK with Bittrex? Worked excellent few days ago but today (20 min ago) I made a transcation which has been completed/confirmed successfully except I didin't receive my XMG on Bitterx wallet. There's no pending deposits as well. Previously I could even see the confirmations on pending deposit at Bitterx site, it was transfering very fast.

http://clip2net.com/s/3O2oKaM that's the problem as I understand.

[pmsk]

Is it glitch or magi network really slow down 2-3x? One block every 10 minutes - too long.

[starmman]

Guys is everythig OK with Bittrex? Worked excellent few days ago but today (20 min ago) I made a transcation which has been completed/confirmed successfully except I didin't receive my XMG on Bitterx wallet. There's no pending deposits as well. Previously I could even see the confirmations on pending deposit at Bitterx site, it was transfering very fast.

http://clip2net.com/s/3O2oKaM that's the problem as I understand.

The note there just means you should send to your magi address

anybody else having problems with Trex?