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

[jonathin.r]

Okay, message received. Bad idea, but you want to hear an ever worse one that could possibly work and not require any changes to the current MagiCoin infrastructure?

Hand-approved pool registrations in conjunction with pool-side hashrate limits, where users would need to disclose their estimated hashrate upon registration. That way, if a user goes over their registered hashrate (or if their registered hashrate is exactly the pool limit, then the pool limit), then they will be kicked from the pool. Sure, it adds more work to the pools, but it ensures the fairness of the rest of the miners who are actually following the rules. You could just solo-mine with a botnet, but at least that's less unfair to pool miners because you're not invalidating the blocks of miners who did nothing wrong. You're just lowering the block reward for everyone on the network, which is still unfair.

Seems fine but how do you get all pools onboard? You can't - and whichever one is the holdout will be the one used for the attacks.

I don't know what the actual solution is though. What is the feasibility of a protocol side upper limit on hashrate for any one mining device?  If that upper limit is a carefully selected value it might solve a lot of problems. But this is probably not that easy to actually implement.

One thing we should not forget, what if the attacker sets up his own pool (it is pretty easy), with the hashrate that he seems to have, it might even work,

Would it be possible to hardcode mining only from registered pools?  I was also thinking about limiting hashrate of everything to, say, 3mh/s, but then one can set multiple pools.

The problem in that is that it removes the idea of a decentralized currency. By picking and choosing who is allowed to process transactions may cause a case of favoritism that is against the idea of decentralization in the first place. We're currently stuck between the proverbial rock and hard place, where the rock is all these whales coming onto the network to flush us sub-150kh miners out, and the hard place being respecting the ideology of a decentralized cryptocurrency in the first place. The same could be said for my idea of a pool-side hashrate limit, since you're enforcing which people with which amounts of hashing power can come utilize your pool, but it's not such a heinous idea given the current state of the coin.

I hate to say this due to how much I used to support this coin, but if something isn't done about this issue soon, then I ask that someone please fork the project and be more diligent in responding to your user's complaints. The concept of this coin is incredible, but this lack of response from the developers is disheartening.

[jonathin.r]

(snip)
Maybe if I got a lot of interest from sub 150Khps miners who are sick of the whales killing the pool rewards, I could get something started.  If mining could be more rewarding for people with lower hashrates, maybe It could give Magi a small boost in popularity and value.

Just thought I would put this idea out there for opinion. 

I think this is a great idea! Incentivizing anything makes it more attractive to public attention. Appealing to the potential lower-hashrate miners like myself could greatly strengthen the network against what are essentially burst-fire round-robin 51% attacks. From what I can see, these attackers are bouncing from pool to pool, and these pool owners are either that naive, or genuinely don't care that the platform that they are making money on is getting slapped around. It can't be that hard to throw some IPs into UFW and call it a day, right? Sure, there is the pesky issue of Tor nodes and VPNs, but if pool owners at least tried to do this, I feel it would drive away the less-motivated attackers into oblivion.

[Jeremy450]

111magic and joe your community is asking you to speak to us about the situation. And your solution to the issue. Right now you guys are pissing everyone off by not talking about it. I'll quote something you said to me in a PM "But i also know if we continue with responding on those posts it will do no good." that is only part of the message. I'm not trying to DIS you, your message to me had alot of a bright future in it. if i need to i can prove this with a screenshot.

You say this. but the problem is yous haven't truly spoken up to the community on this problem. You want us to listen? then speak to us write a message explaining whats going on and your solution to fix it and we'll listen. is that so hard? do you have that much doubt about your fellow community members that we wont listen?

Even if you have to post it a few times so everyone see its. I dont care seeing the same message from you guys telling us whats happening, what your progress is in fixing this problem, etc. You need to show everyone that this community is alive, this coin is alive and you want to kick the whalers asses. If you guys arent going be leaders then shut this coin down cos right now you's arent helping the situation!!!!! You have doubt in what i say? i'll happily do a poll to prove to you that we want to hear from you guys and what we want to hear.

I got accused of being a cry baby cos i spoke my mind about this situation in January. You dont like to repeat your selves? then add a blog on your site and say whats happening in there so everyone can see going on.

I love my sayings for one main reason they tell the truth and to the heart.

"Actions speak louder then words."
[/color]

[earl3000]

111magic and joe your community is asking you to speak to us about the situation. And your solution to the issue. Right now you guys are pissing everyone off by not talking about it. I'll quote something you said to me in a PM "But i also know if we continue with responding on those posts it will do no good." that is only part of the message. I'm not trying to DIS you, your message to me had alot of a bright future in it. if i need to i can prove this with a screenshot.

You say this. but the problem is yous haven't truly spoken up to the community on this problem. You want us to listen? then speak to us write a message explaining whats going on and your solution to fix it and we'll listen. is that so hard? do you have that much doubt about your fellow community members that we wont listen?

Even if you have to post it a few times so everyone see its. I dont care seeing the same message from you guys telling us whats happening, what your progress is in fixing this problem, etc. You need to show everyone that this community is alive, this coin is alive and you want to kick the whalers asses. If you guys arent going be leaders then shut this coin down cos right now you's arent helping the situation!!!!! You have doubt in what i say? i'll happily do a poll to prove to you that we want to hear from you guys and what we want to hear.

I got accused of being a cry baby cos i spoke my mind about this situation in January. You dont like to repeat your selves? then add a blog on your site and say whats happening in there so everyone can see going on.

I love my sayings for one main reason they tell the truth and to the heart.

"Actions speak louder then words."
[/color]

I new here, but I second this request, with one minor addendum, in the unlikely case the project team can't continue, don't shut the coin down, let's find a new team / team members, who can/should continue / help with XMG.

[edward0181]

AS PER SLACK:

Code:

edward0181 [11:44 AM]
wondering what latest status is... see and hear no news yet :disappointed:

SavvyKrypt [2:05 PM]
Everyone is worried no news no communications
It’s very worrying

joelao95 [2:20 PM]
We’re working on things, will update ASAP

So just... take a relax pill or some coffee... project is running for so long, no-one will abandon it just yet.

[hemidart]

Orphans starting on Trasmamod, more hashing in a vacuum.

[Filkus]

I am a sub 150k miner, and I have to wonder if none of you notice what I have during these weird times:

I'm getting more coin per day thn I was when things were "STABLE". Now, sure, I don't make much, but it is more than before.

Is it not the same for the rest of you?

On a different note: Is everyone here minting as well to help the network?

Last thought: XMG is at $0.55 today and I am now in profit after 4 months.

I am curious about the dev situation and would like to talk about strategies for expanding that team.

Overall, I am happy and not complaining.

Am I the only one noticing the increase in coin/day?

[starmman]

I am a sub 150k miner, and I have to wonder if none of you notice what I have during these weird times:

I'm getting more coin per day thn I was when things were "STABLE". Now, sure, I don't make much, but it is more than before.

Is it not the same for the rest of you?

On a different note: Is everyone here minting as well to help the network?

Last thought: XMG is at $0.55 today and I am now in profit after 4 months.

I am curious about the dev situation and would like to talk about strategies for expanding that team.

Overall, I am happy and not complaining.

Am I the only one noticing the increase in coin/day?

Good to hear about the increase - I stopped mining a while ago (staking and trading made it not worthwhile) - so no increase for me - staking revenue seems fairly linear although I don't chart it, trading revenue seems great today

[fullspeedin]

it looks interesting from the side, I hope you manage to get to the ico stage if you wish it, for example I do not understand the POW \ POS system to the end and got a negative experience using POS Token

[Vitalik_Pedik]

Orphans starting on Trasmamod, more hashing in a vacuum.

You not hashing into a vacum, when I finish my so called attack, you will get much bigger rewards due to POW block rewards stay big.

[DatsunPatrol]

I am a sub 150k miner, and I have to wonder if none of you notice what I have during these weird times:

I'm getting more coin per day thn I was when things were "STABLE". Now, sure, I don't make much, but it is more than before.

Is it not the same for the rest of you?

On a different note: Is everyone here minting as well to help the network?

Last thought: XMG is at $0.55 today and I am now in profit after 4 months.

I am curious about the dev situation and would like to talk about strategies for expanding that team.

Overall, I am happy and not complaining.

Am I the only one noticing the increase in coin/day?

Orphans starting on Trasmamod, more hashing in a vacuum.

You not hashing into a vacum, when I finish my so called attack, you will get much bigger rewards due to POW block rewards stay big.

Sorry but that's not how it works. The temporary bump in rewards post attack looks good but is extremely short-sited. I know it FEELS good to get that extra couple of xmg but the attacker is banking thousands of extra xmg at your expense while your hashing into your orphans. You just won't realize the severity of the problem until the attacker decides to sell his massive stack and tank the coin value. Then watch all that extra value evaporate instantly.

[jonathin.r]

Orphans starting on Trasmamod, more hashing in a vacuum.

You not hashing into a vacum, when I finish my so called attack, you will get much bigger rewards due to POW block rewards stay big.

Your so called attack? So you admit that you're one of these malicious whales that keeps orphaning blocks? Shame on you if so.

[earl3000]

Orphans starting on Trasmamod, more hashing in a vacuum.

You not hashing into a vacum, when I finish my so called attack, you will get much bigger rewards due to POW block rewards stay big.

Is this true? Are you the cause of the NetWork Hashrate spikes? you have so much hashing power? If so how comes the rewards go up and the difficulty goes down if you are only hashing. Is that a bug in the software?!  Hmmm, that explains, why there is no fix . THERE IS NO FIX the software works as designed.

[hemidart]

Orphans starting on Trasmamod, more hashing in a vacuum.

You not hashing into a vacum, when I finish my so called attack, you will get much bigger rewards due to POW block rewards stay big.

This is complete BS.  Something is very broken.

And I know others have said this, but I also don't believe that in the short term, everyone gets more coins because of this.

[tazzz013]

  Happening 3-4 times a day....Don't know why I am even still mining........

323342    2018-04-24 19:15:09    Fee    Orphaned          1777521    0.00446109
323341    2018-04-24 19:15:08    Credit    Orphaned          1777521    0.89221777
323241    2018-04-24 18:57:06    Fee    Orphaned          1777480    0.00263019
323240    2018-04-24 18:57:06    Credit    Orphaned          1777480    0.52603740
323055    2018-04-24 18:49:10    Fee    Orphaned          1777456    0.00153202
323054    2018-04-24 18:49:10    Credit    Orphaned          1777456    0.30640436
322950    2018-04-24 17:29:12    Fee    Orphaned          1777357    0.00132788
322949    2018-04-24 17:29:12    Credit    Orphaned          1777357    0.26557531
322847    2018-04-24 17:02:06    Fee    Orphaned          1777334    0.00016971
322846    2018-04-24 17:02:06    Credit    Orphaned          1777334    0.03394145
322742    2018-04-24 15:49:05    Fee    Orphaned          1777216    0.00011246
322741    2018-04-24 15:49:05    Credit    Orphaned          1777216    0.02249127

[Vitalik_Pedik]

Yes, I am attacker
Yes, all POW miners mine significant more coins after my attack. If you not understand this just because you complete newbie)

I worked hard from feb to march to implement one vulnerability in protocol. Now just collecting rewards from spending time)
I belive in Joe, he will find solution to fix it soon.  

[DatsunPatrol]

Yes, I am attacker
Yes, all POW miners mine significant more coins after my attack. If you not understand this just because you complete newbie)

I worked hard from feb to march to implement one vulnerability in protocol. Now just collecting rewards from spending time)
I belive in Joe, he will find solution to fix it soon.  

Better sell your stack soon and lock in profits. You're getting a good price now and but its starting to fall.

[Vitalik_Pedik]

Yes, I am attacker
Yes, all POW miners mine significant more coins after my attack. If you not understand this just because you complete newbie)

I worked hard from feb to march to implement one vulnerability in protocol. Now just collecting rewards from spending time)
I belive in Joe, he will find solution to fix it soon.  

Better sell your stack soon and lock in profits. You're getting a good price now and but its starting to fall.

My actions pushing dev to improve security of protocol. I can destroy net using current vulnerability, but I only mine with some privilege. Also all txs is safe during my attack and no coins will lost or something bad will happened. Past time I reported about bugs, and no reactions was appear from dev. Now I am using bugs safety for net and little bonus for myself. And will do this in future, after fixing, if will can)

[flippintwit]

Got home from work and all my miners are not getting any response from mining.m-hash.com. Anyone else?

Code:

[2018-04-24 18:59:41] Starting Stratum on stratum+tcp://mining.m-hash.com:3334
[2018-04-24 18:59:41] 3 miner threads started, using 'm7mhash' algorithm.
[2018-04-24 19:00:11] Stratum connection failed: Connection timed out after 30000 milliseconds
[2018-04-24 19:00:11] ...retry after 30 seconds

[DatsunPatrol]

Got home from work and all my miners are not getting any response from mining.m-hash.com. Anyone else?

Code:

[2018-04-24 18:59:41] Starting Stratum on stratum+tcp://mining.m-hash.com:3334
[2018-04-24 18:59:41] 3 miner threads started, using 'm7mhash' algorithm.
[2018-04-24 19:00:11] Stratum connection failed: Connection timed out after 30000 milliseconds
[2018-04-24 19:00:11] ...retry after 30 seconds

I recently switched off that pool but I just tried it with one of my miners and I am getting your same error. Maybe they decided to go the route of suprnova and exit the coin until these network attacks stop. That would be my best guess unless they are just experiencing some random or planned downtime for another reason.