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Author Topic: [ANN] [Proof of Mining Campaign] [XMG] Magi | 1st PoS-II | Tor | M7M CPU only  (Read 54748 times)
MagiPoM
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September 29, 2014, 06:24:03 PM
 #1

The official thread of Magi (XMG) is here: https://bitcointalk.org/index.php?topic=735170.0
How-To Mine

Hybrid PoW/PoS-II
______________________________________________________
Proof of Wok
  • Hash: M7M - only minable via CPU
  • M7M manipulates certain mathematical functions to frustrate GPU mining;
  • Block time: 3 minutes;
  • Difficulty dependent block rewards;
  • 1st phase PoW: primary mining with maximum 500 XMG/block;
  • 2nd phase PoW: maximum 15 XMG/block, 7% annual reduction.
______________________________________________________
Proof of Stake-II
  • Introduce a new staking mechanism: PoS-II, designed resistant to "rich-getting-richer";
  • Minimum stake coin age : 2 hours;
  • Dynamic coin age: maximum 30 days, subject to change;
  • Dynamic annual interest: depends on network weight, maximum 5%;
  • Block time: 1.5 minutes;  
  • Block hash: SHA256
  • Maturity: 100
  • PoS-II initiated after two weeks of PoW

**Benefits of participants**
1) CPU mining XMG;
2) All participants will receive a share of XMG funds; currently 112,505 + 2,000 XMG are available and the funds are still growing. As an example, totally 100 people participate in this campaign, each person will receive 1145.05 XMG;
3) Reading below for more benefits.

**How to participate?**
1) Requirements:
    a) You must CPU mine;
    b) Your hashrate must be greater than 30Kh/s, but not over 2 Mh/s;
    c) You must be a bitcointalk user registered before 09/29/2014 12:00 PM;
    d) You must register in pools: http://xmg.suprnova.cc and http://magi.nonce-pool.com;
    e) You'll have to remain mining (estimate a month) in the pool; we will have the pool verify your mining status including hashrate;
    e) Exception: show us reason why we make exception without the need of above requirements (e.g., show mining with an old pc which has hashrate less than 30kh/s); even you don't have miners, show us you're seriously taking this coin, not simply get-and-dump, we may make you a shareholder too;

2) Fill out this form: https://docs.google.com/forms/d/1c8tmugKbUoU36G6AFwOy-syaAUdPvnzRSfMqtKulBC0/viewform?usp=send_form

You can make use of free VPS mining by following the guide here (support us too): https://bitcointalk.org/index.php?topic=735170.msg8800103#msg8800103.

**Why this campaign?**
# This campaign will assist Magi to be a real CPU coin;
# We have some spare coins to giveaway Grin; seriously we need more miners to consolidate our CPU miner camp.
# This campaign in the meantime compensates CPU miners who have much less mining earnings;
# We do have a concern about the coin swap (check out the official thread); there would be many coins left and we don't want that is going to be a concern to all followers. We will giveaway these coins to the participates; however, we reserve the right how many coins being distributed (very much depending on number of participants), and when these coins are issued (to protect the market).

**What does proof-of-mining mean?**
1) [this is a joke Smiley ] we give you coins because you mine XMG; aka, we care more about your participation but not your hashing power
2) [seriously] The block rewards implemented in XMG proves to be proof-of-mining: A network-dependent rewarding system: proof-of-mining

Brief intro:
http://coinmagi.org/misc/images/magi-thread/PoW1-new-02.png
The above rewarding scheme leads to rapid varying reward when the network difficulty is between I and III. The market place may encourage more miners to the network which immediately move the block reward out of the maximum region and initiates a self-adjustment. The consequent marginal rewards cause some of the miners to stop mining, thus pushing the reward back to the maximum. It will be less advantageous for miners quickly in and out the mining activity. One will need to show a proof of mining in order to gain sufficient credits to declare the rewards. The new system emphasizes the participation of miners instead of their hashing power.

**How to calculate the shares?**
We won't use the same share percentage for all of participants. Some general rules apply to the scene: 1) more advanced users will have advantageous to get high shares; 2) show us you're seriously taking this coin, not simply get-and-dump; 3) Extra credentials; 4) ......

**Extra credentials**
# We are researching the minining, tell us what cpu miners you have and the hashrate;
# Optimize the CPU miner;
# Help us Magi, and tell us how you helped us.
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kondiomir
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September 29, 2014, 06:24:29 PM
 #2

Why new thread ??
MagiPoM
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September 29, 2014, 06:31:56 PM
 #3

Why new thread ??


Specialized topics here, and discussions that won't be good to be in the ANN thread.
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September 29, 2014, 06:50:44 PM
 #4

Count me in, just signed up @ https://xmg.suprnova.cc and filled in the form   Smiley

cheers


Jerrietg
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September 29, 2014, 06:56:24 PM
 #5

intel i5 780@2.8G  4core can reach 30k hash ? my cp is windows 32 system
joelao95
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September 29, 2014, 06:59:15 PM
 #6

Count me in, just signed up @ https://xmg.suprnova.cc and filled in the form   Smiley

cheers



Just got confirmation of nonce-pool.com, they support the campaign too, so either pool is fine (in case you need to change pool, submit another form and put a note) Smiley


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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September 29, 2014, 07:01:03 PM
 #7

intel i5 780@2.8G  4core can reach 30k hash ? my cp is windows 32 system

Let us know how much hash you got, post detail information about your cpu etc and the hash rate too; I will let you in even if less than 30kh/s


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
hustler100
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September 29, 2014, 07:39:22 PM
 #8

How many XMG I will be able to get daily mining with droplet (digital ocean) ?
Jerrietg
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September 29, 2014, 07:49:22 PM
 #9

intel i5 780@2.8G  4core can reach 30k hash ? my cp is windows 32 system

Let us know how much hash you got, post detail information about your cpu etc and the hash rate too; I will let you in even if less than 30kh/s
where i can download the win32 cpuminer? i didn't find it please give me the link
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September 29, 2014, 07:53:10 PM
 #10

intel i5 780@2.8G  4core can reach 30k hash ? my cp is windows 32 system

Let us know how much hash you got, post detail information about your cpu etc and the hash rate too; I will let you in even if less than 30kh/s
where i can download the win32 cpuminer? i didn't find it please give me the link
https://bitcointalk.org/index.php?topic=735170.0
scroll a little bit down and its there.


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 14eLeLUHi8sSt4u7aQK8qxpzizPjL9LV7Y
joelao95
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September 29, 2014, 08:01:47 PM
 #11

intel i5 780@2.8G  4core can reach 30k hash ? my cp is windows 32 system

Let us know how much hash you got, post detail information about your cpu etc and the hash rate too; I will let you in even if less than 30kh/s
where i can download the win32 cpuminer? i didn't find it please give me the link

http://cryptomagic.com/files/magi-minerd/cpuminer-xgm_pool-mining_win32.zip


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95
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September 29, 2014, 08:03:03 PM
 #12

How many XMG I will be able to get daily mining with droplet (digital ocean) ?

Not sure (do need some data on this); anyway you can get two free vps.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
aprot
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September 29, 2014, 08:15:44 PM
 #13

How many XMG I will be able to get daily mining with droplet (digital ocean) ?

Not sure (do need some data on this); anyway you can get two free vps.

1 CPU droplet about 10 khash/s

Free Distribution 14,000,000 VPNCOIN !!! VdXwhsvKaaVdC67aHGhqNUuxCBj7drvx3W[/color]
hustler100
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September 29, 2014, 09:10:32 PM
 #14

Yay I have it running at 11 kh/s  Grin
I would like to be part of this campaign Smiley

Go XMG
jawitech
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September 29, 2014, 09:14:12 PM
 #15

How many XMG I will be able to get daily mining with droplet (digital ocean) ?

Not sure (do need some data on this); anyway you can get two free vps.

1 CPU droplet about 10 khash/s

Yes, I'm getting 10-11 kh/s per droplet
hustler100
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September 29, 2014, 09:17:57 PM
 #16

How many XMG I will be able to get daily mining with droplet (digital ocean) ?

Not sure (do need some data on this); anyway you can get two free vps.

1 CPU droplet about 10 khash/s

Yes, I'm getting 10-11 kh/s per droplet

Are you using the 5$ VPS ?
DarkWolf
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September 29, 2014, 09:37:06 PM
 #17

I'd love to be part of this campaign too. I have an Intel i7 Ive Bridge E 4960x. I get between 50 and 100 kH/s depending on if I'm mining a different coin using my GPU's  or if there is enough cooling in my room, according to minerd console. I'd love to be part of this campaign too. Does this include pool mining with a cpu or is it merely for solo mining?
hustler100
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September 29, 2014, 09:38:34 PM
 #18

I'd love to be part of this campaign too. Does this include pool mining with a cpu or is it merely for solo mining?

It include pool mining :

"You must register in pools: http://xmg.suprnova.cc and http://magi.nonce-pool.com;
 You'll have to remain mining (estimate a month) in the pool; we will have the pool verify your mining status including hashrate;
"
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September 29, 2014, 09:48:54 PM
 #19

Is the month continuous, because there are things like system crashes (depends on the weather) and so on and so forth. Nonce pool it is then.

I'd love to be part of this campaign too. Does this include pool mining with a cpu or is it merely for solo mining?

It include pool mining :

"You must register in pools: http://xmg.suprnova.cc and http://magi.nonce-pool.com;
 You'll have to remain mining (estimate a month) in the pool; we will have the pool verify your mining status including hashrate;
"
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September 29, 2014, 11:06:15 PM
 #20

One question springs to mind...

If I have say 40 Kh/s total but split between the two pools at 20 Kh/s each, or perhaps 40 Kh/s on one pool for 12 hours then 40 Kh/s on the other pool for the next 12 hours inder "failover" conditions, will this still count as 40 Kh/s daily and thus qualify under the terms of the campaign? Would such a condition be measured?

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