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

[mimokrokodil]

It's been written many times, read the forum, and you'll understand.

When high hashrate joins in mining blockreward will drop

Such wow.
Well, fisrt of all, I don't see high network hashrate.
Then, I see 8-12 XMG reward per block same as month ago BUT now I receive a few times less than before with same per-block reward.
And then I see some fantastic expected reward numbers on pool stats page.
Definitely something is broken here.

So YES, I DO KNOW that block reward drops when network hashrate rises (breaking_news_slowpoke.jpg), BUT block reward is pretty nice now.

[gunka]

It's been written many times, read the forum, and you'll understand.

When high hashrate joins in mining blockreward will drop

Such wow.
Well, fisrt of all, I don't see high network hashrate.
Then, I see 8-12 XMG reward per block same as month ago BUT now I receive a few times less than before with same per-block reward.
And then I see some fantastic expected reward numbers on pool stats page.
Definitely something is broken here.

So YES, I DO KNOW that block reward drops when network hashrate rises (breaking_news_slowpoke.jpg), BUT block reward is pretty nice now.

Here's to compare https://xmg.minerclaim.net/index.php?page=statistics&action=pool
1. anonymous  22,880 KH/s 1,335,817 XMG/Day  0.07441837 BTC/Day

and here is my 323 KH/s 18.876 XMG/Day 0.00105158 BTC/Day )))) so as you see, that's why you do not have a lot of coins either.

[edward0181]

Just my 10 xmg cents... But why keep mining at big pools where 10 xmg / a lot of miners means almost no revenue. 10 xmg diveded by smaller amounts of miners means more income.
But most people just mine at big pools because they find more blocks...

[mimokrokodil]

and here is my 323 KH/s 18.876 XMG/Day 0.00105158 BTC/Day )))) so as you see, that's why you do not have a lot of coins either.

But do you have at least these 19 XMG/day? I have like 3-4 times less than pool stats promises, 5/day instead of 20.

[mimokrokodil]

But most people just mine at big pools because they find more blocks...

This. Once I tried to mine ZEC on dwarfpool and it was kinda funny when pool didn't find any blocks for 10 or 12 hours.
Excuse me but people join pools to have some stable income instead of find-or-not-find-block long time solo lottery. That's why I avoid small pools.
No offence man, good luck with your pool.

[Minerproffi]

It's been written many times, read the forum, and you'll understand.

When high hashrate joins in mining blockreward will drop

Such wow.
Well, fisrt of all, I don't see high network hashrate.
Then, I see 8-12 XMG reward per block same as month ago BUT now I receive a few times less than before with same per-block reward.
And then I see some fantastic expected reward numbers on pool stats page.
Definitely something is broken here.

So YES, I DO KNOW that block reward drops when network hashrate rises (breaking_news_slowpoke.jpg), BUT block reward is pretty nice now.

Here's to compare https://xmg.minerclaim.net/index.php?page=statistics&action=pool
1. anonymous  22,880 KH/s 1,335,817 XMG/Day  0.07441837 BTC/Day

and here is my 323 KH/s 18.876 XMG/Day 0.00105158 BTC/Day )))) so as you see, that's why you do not have a lot of coins either.

These statistics are highly overstated and do not show real numbers. I have a real profit of 3-4 times lower than there is displayed.

[edward0181]

But most people just mine at big pools because they find more blocks...

This. Once I tried to mine ZEC on dwarfpool and it was kinda funny when pool didn't find any blocks for 10 or 12 hours.
Excuse me but people join pools to have some stable income instead of find-or-not-find-block long time solo lottery. That's why I avoid small pools.
No offence man, good luck with your pool.

Not offended at all. But come on, stable income with 300 kh/'s is not paying anything a month.
Then again one block of 13 diveded by few is same as 100 blocks of 14 diveded by thousands.

[gunka]

and here is my 323 KH/s 18.876 XMG/Day 0.00105158 BTC/Day )))) so as you see, that's why you do not have a lot of coins either.

But do you have at least these 19 XMG/day? I have like 3-4 times less than pool stats promises, 5/day instead of 20.

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

[mimokrokodil]

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

Well, that's exactly the problem I'm talking about. Before switching to 1.4.4.x wallet I had like 20-30 XMG/day with 250-300 kh/s.
Now... Well, same as you basically. $1/day really? Something went wrong here.

Also there was a short period (right on wallet switch or just after) when incomes grown 2-3x times bigger compared to "old good times". That was sweet.

[seeksilence]

There are some changes for the new wallet. If you take a look at https://chainz.cryptoid.info/xmg/
You will see there are at least two POS blocks between two POW blocks. Also, the total network hash is relatively higher than before with two big pools.
As I remember, the total network hash before is around 40-50MH/s， and now is easily over 100MH/s.

[oxothuk]

and now is easily over 100MH/s.

Much much more.. zpool about 70-80, nova 10, minerclaim 100..
and  some big miners adds 10-30,

so network rate come to 200-250 mh/s


Don`t know why getmininginfo shows 50Mh/s

[seeksilence]

and here is my 323 KH/s 18.876 XMG/Day 0.00105158 BTC/Day )))) so as you see, that's why you do not have a lot of coins either.

But do you have at least these 19 XMG/day? I have like 3-4 times less than pool stats promises, 5/day instead of 20.

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

For my 150Kh/s on xmg.luckypool.ml, I get
Last Hour   3.33806128
Last Day   6.90091307
Last Week   19.99277500

Lucky to find two big blocks recently.

[sdcloud]

The complexity is increasing, the profit is falling, I think that I will keep coins in my wallet for the future.

[pmsk]

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

Well, that's exactly the problem I'm talking about. Before switching to 1.4.4.x wallet I had like 20-30 XMG/day with 250-300 kh/s.
Now... Well, same as you basically. $1/day really? Something went wrong here.

Also there was a short period (right on wallet switch or just after) when incomes grown 2-3x times bigger compared to "old good times". That was sweet.

Block reward ~= old block reward, but now we have rule 2PoW+2PoS, so 50+% hash power are wasting. Not only you have drop - everyone have drop.

Four months ago we had similar situation: 300 kh reward dropped from 10xmg to 5 xmg per day.

It's mean 2PoS/2PoW rule is not working for botnet limiting. Here is no difference between "Botnets increase hashrate and drop reward" vs "Botnets increase hashrate and eat reward" - home user have the same, 0.

[crombiecrunch]

Spread the has and come help out our three little miners at https://thecryptopool.com

.5% mining fee for the month of October.

[joelao95]

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

Well, that's exactly the problem I'm talking about. Before switching to 1.4.4.x wallet I had like 20-30 XMG/day with 250-300 kh/s.
Now... Well, same as you basically. $1/day really? Something went wrong here.

Also there was a short period (right on wallet switch or just after) when incomes grown 2-3x times bigger compared to "old good times". That was sweet.

We're aware of the impacts, and seeing to make the changes and corrections by giving another update. I have no ETA but try to make it ASAP.

[starmman]

Last Hour    0.16497780
Last Day    4.01433732
Last Week    30.71153726

Well, that's exactly the problem I'm talking about. Before switching to 1.4.4.x wallet I had like 20-30 XMG/day with 250-300 kh/s.
Now... Well, same as you basically. $1/day really? Something went wrong here.

Also there was a short period (right on wallet switch or just after) when incomes grown 2-3x times bigger compared to "old good times". That was sweet.

Its better for the rewards to be a bit less IMO - it will keep the value and demand up

Last year we had more supply than demand at one point and the price dropped to around 1800

[starmman]

Not sure if anybody else has noticed / posted on here about this, as I'm struggling to keep up with the thread

Cryptopia XMG trading is enabled again now

Awesome stuff - now I need to try and get some trading funds back together again =)

EDIT: Looks like they also also updated their site - trading experience seems much better now

[gunka]

Cryptopia XMG trading is enabled again now

EDIT: Looks like they also also updated their site - trading experience seems much better now

Yes, they slightly corrected the color and a little bit faster the site was working.

[edward0181]

Saw it, however it loads horrible on mobile phone ;-)

Now only need yobit back online