CPU Mining turns fair for individual miners ** Anti-BotNet-Fuxors **

[OptimusPrime7]

So cpu mining is not fair cause of botnet, now we need a coin that is both cpu mining and 100% botnet proof..

[1713569599]

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[1713569599]

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[1713569599]

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[ebtc]

So cpu mining is not fair cause of botnet, now we need a coin that is both cpu mining and 100% botnet proof..

show evidence of the existing of botnet lol

[SamWalters]

well nothing is 100% botnet proof but so far, magi m7m algo seems to be the winner in my book. Until something overtakes it, we have ourselves the first runner in that race.

[SquallLeonhart]

well nothing is 100% botnet proof but so far, magi m7m algo seems to be the winner in my book. Until something overtakes it, we have ourselves the first runner in that race.

Agree, mine while we can until botnet take over.

[111magic]

The "botnet proof" part comes from XMR being more profitable to CPU mine.  

agree.
Less power costs  less heat.

[SamWalters]

well nothing is 100% botnet proof but so far, magi m7m algo seems to be the winner in my book. Until something overtakes it, we have ourselves the first runner in that race.

Agree, mine while we can until botnet take over.

Let's just hope it doesn't plus the dev is damn active in the agenda to make sure it doesn't happen

[Johanna]

well nothing is 100% botnet proof but so far, magi m7m algo seems to be the winner in my book. Until something overtakes it, we have ourselves the first runner in that race.

Agree, mine while we can until botnet take over.

Let's just hope it doesn't plus the dev is damn active in the agenda to make sure it doesn't happen

Pretty hard to avoid botnet for CPU mining..

[SamWalters]

well nothing is 100% botnet proof but so far, magi m7m algo seems to be the winner in my book. Until something overtakes it, we have ourselves the first runner in that race.

Agree, mine while we can until botnet take over.

Let's just hope it doesn't plus the dev is damn active in the agenda to make sure it doesn't happen

Pretty hard to avoid botnet for CPU mining..

right but thus far, it seems to have been on going this way for a 1 + months since magi launched

[SamWalters]

MANDATORY UPDATE REQUIRED ALL WALLETS!

[hardfork] - sorry we have a few hardforks to be done and all gonna happen soon

1. M7M-v2 (hardfork on 10/26/2014 9:30:00 AM EST)

A switchover of the mining algorithm to M7M-v2 will occur on 10/26/2014 9:30:00 AM EST. Details about M7M-v2 can be found here: https://bitcointalk.org/index.php?topic=735170.msg9230961#msg9230961. The expected hashrate using the new algo is 2.545 times less than that with the prior algo. To continue with mining, download the new minerd (we will add download links here and in the OP soon), and follow the pool mining guide.

Be sure that you are using the new wallet v1.1.0.1 too.

2. Block rewarding system (hard fork at block 32,750)

A change in the block rewarding system is needed. This won't change the block rewards, but to be better to comply with the change of hashrate due to the M7M-v2 algo. The new algo leads to less network hashrate; the new block rewards will have maximum value at diff = 0.68 (for low block height); according to hashrate = diff * 2^32/180, that is about 16 Mh/s. We have also made increasing maximum diff with block height, to allow more people mining later on, e.g., optimum hashrate of 27 Mh/s which produces 300XMG at block 40,000.

3. A new difficulty adjustment method - Magi quantum wave (MQW) (hard fork at block 33,500)

Superficially a name here: Magi quantum wave (MQW) (http://en.wikipedia.org/wiki/Wave_function). This adjustment is done by averaging prior 15 block difficulties. A significant difference here from other adjustment implementations is that each block difficulty accounted is given a weight, and higher weights are given to more recent blocks; in addition to that, block time is also taken into account. Usually the lower difficulty, the smaller block time. The adjustment algo considers less weight of a block which has the lower difficulty. See details here: https://github.com/magi-project/magi/blob/master/src/main.cpp#L1296

4. Finalizing the PoW-II

As we can see the PoW-I  (will be finished at block 50,000) has produced less coins than expected. To continue the CPU mining, also along with the new algo implementation, it will be very necessary to continue the PoW mining, that will finally make XMG a hybrid PoW/PoS-II coin and that is supposed to remain years long. The hybrid system is more secure than the pure PoW or pure PoS. The PoW-II block reward has maximum 50 XMG and minimum 3 XMG, with the same block rewarding adjustment as the PoW-I. Similarly, the optimum diff grows over time.

Wallet v1.1.0.1:

http://cryptomagic.com/files/magi-release/v1.1.0.1/

Github source code: https://github.com/magi-project/magi

[SamWalters]

Latest Updates:

** NEW ** Magi forum:  http://www.m-talk.org

Official Bitcointalk thread: https://bitcointalk.org/index.php?topic=735170.4180

http://Twitter.com/CoinMagi    Hashtags: #Magi #CoinMagi $XMG #XMG

Mining at SuchPool, SuprNova, Nonce Pool, MultiPool, and MagiPool

Listed in the Mobile App: CoinMarketApp.com

We will build our community there, more information to be filled into the space later on.

For other news:

Congratulations Joe Lao, you have made it to the voting round. Official voting will occur 12/1/2014 and last until 12/28/2014.

https://bitcointalk.org/index.php?topic=855130.msg9542207#msg9542207

Keep up the great work mate, you have been doing well all around, people know this

rent rig to mine for any pool for magi!

https://www.miningrigrentals.com/rigs/m7m


Magi XMG/BTC is traded on Bittrex ! https://bittrex.com/Market/Index?MarketName=BTC-XMG

Grab them when and if you can afford to invest!


[MagiTeam & roadmap & plans]