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

[Amph]

I have not seen a new date / time.
I will wait! I think the DEV will give us an update soon!

the dev is busy trying to make his private gpu miner working 

he can just dl your miner, maybe he is too proud

[djm34]

won't work   (not unless he clones cryptonite)

[Amph]

won't work   (not unless he clones cryptonite)

because of the mini-blockchain?

[djm34]

won't work   (not unless he clones cryptonite)

because of the mini-blockchain?

yep (because of the mess introduced by the mini blockchain)

[go6ooo1212]

Maybe trying compile amd miner...

[111magic]

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

[djm34]

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

[SnjafSnjaf]

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?

[djm34]

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?

I haven't had time to look into opencl implementation of xcn

[joelao95]

The wallet is basically ready, will update (stayed up all night,  )

[djm34]

The wallet is basically ready, will update (stayed up all night,  )

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

[111magic]

Good work

[joelao95]

The wallet is basically ready, will update (stayed up all night,  )

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Let me release the testnet wallet by end of today. It would be a good idea to decide the launch time after seeing how the wallet is doing in testnet. Initially I thought Magi was good to go, but I just got a sync issue right before the initial scheduled launch time. That was actually due to the new PoS feature. Because of this, I'd like get more tests and feedbacks from you too. After that we will decide a time for the launch (hopefully this week). Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

[joelao95]

I will also give detail answers to prior questions when I have more time to be here.

[go6ooo1212]

Hmm, interesting .. I want to participate on testnet

[Hix]

The wallet is basically ready, will update (stayed up all night,  )

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

Bad news
I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.

[111magic]

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

[IMJim]

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

The value of different currencies is only determined by what someone is willing to pay.  It is ALL speculative in crypto......at least that is how it is now.  The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.

[111magic]

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

The value of different currencies is only determined by what someone is willing to pay.  It is ALL speculative in crypto......at least that is how it is now.  The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.

Thanks for the explanation!

[joelao95]

The wallet is basically ready, will update (stayed up all night,  )

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

Bad news
I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.

You're right, and in fact any algo cannot resist GPU and ASIC, just timing issue. So cryptonite is basically mined by cuda miner a lot and probably AMD miner will be out soon. The reason we use M7 is that we consider it's a safe algo. Here is what we're goning to do to "resist" GPU.

# diff dependent rewards, some figures will be published and I will be open to suggestions to modify these numbers further, in order to reach a level that GPU mining is not that profitable by comparing mining XMG with mining other coins

# will try to implement block rewards reduction with high diff impact which goes into PoS

# mining favors small hashrate miners is in our consideration

We have few more ideas, but cannot implement all at this time, we do try to improve these by the time, and hopefully.