Topic: [ANN] MangoCoinz Official ANN Thread - Mine cryptocurrencies on you smart phone - page 24. (Read 164586 times)

The Mangocoinz set the algos for you and measures the your activities for you.

The word "Algo" is mostly but not limited to the meaning: "to solve a problem by computer".




The "recurrent problem" is to have your physical activity registered as significant and be reward MCZ based on total amount of significant movement for a certain period of time.

They have to eliminate those activities which could not be reliably confirmed to be purely (and specifically) generated from human physical activities and not emulated by a computer program or a shaking machine; otherwise, it won't be fair.

They can only implement "Algos" of high specificity for you to generate a coin. It is not a just a "method"; it is a requirement of certain physical measurements and amounts for you to accomplish just like your computer is required to hash with certain algo(s) to be rewarded with other cryptos-  Certainly your physical activity is not "hashing" and your computer is not primarily exerting shaking power either.

You are not really mining MCZ and you computer is not really mining either.

Therefore, Mangocoinz could not be a program that measures and records all activities objectively, as a lot of people have demanded. It wants to assign only certain algos-the human physical activities of very high specificity for your to run to be rewarded. Other fake activities can still create but not much MCZ. This makes MCZ as fair as possible. ( A 60-Hz Ac vibrator can only create about 0.01 MCZ per minute and you can do better by holding smartphone in hand and shaking only 1-2 times per second. How well you can incorporate your physical activity or sports into making Mangocoins is presently up to you. )  

Again, the above are what I presently understand and believe about Mangocoinz and the problems it has been dealing with.  

God damn your posts are annoying to read. 

I am talking about any sort of cryptography/hashing/encryption, not the method in which they choose to reward physical activity.
I'd decompiled the old app before they obfuscated the code and there was nothing of the sort in it. Sending and receiving to their servers was in plain-text.

I'm asking a fair question and just looking for an honest answer, not whatever

It literally is not like POS. Also it's Proof of Stake unless you just meant staking is powerful?

As to to me not receiving coins while exercising, I'm not turning it on and taking the bus or going for a drive. I'm running, mountain biking, skateboarding and neither seem more effective than the others.
I'm active for a minimum of 3 hours a day, with at least 1 hour of hard activity and yet I get something like 0.6 at best.

Why there is no Mangocoinz algo? If not, then Mangocoinz still has "algos."  


The MCZ programs try to solve the problems of detecting certain (major or representative) characteristics of human physical activities (predominantly in the sport activities) and only try to recognize certain magnitudes of acceleration or deceleration (or any other possible detections/measures) as significant physical activity. It does not (or not much) assign the distance you travel or the speed (how fast you get there) as representative due to being likely due to non-physical /sport activities, such as driving a car or traveling in an airplaine, etc.)

Therefore, you create certain physical activities to be registered as significant physical activity by MCZ "algo" and you are awarded a small amount of Mangocoinz such as 0.02 MCZ for certain time range of total physical activities.

If I am not wrong, the MCZs created were cryptographically documented.  https://mangocoinz.com/blockchain
for example:
The number below probably is a cryptograhically generated address.

Therefore, if the above is true then Mangocoinz is still considered a crypto, but unlike other crypto.

The MCZ coin amount you generated is not based on competition to "solve a block" like during the POW stage of other cryptos but it is close to the power of stake (POS). The Mangocoinz is different but it still has to implement certain "algos" to award MCZ. Being in competition mode is not an essential part of (the definition of) Algo. 

Good stuff, looking forward to the update.
I think bringing back time-unlimited mining is the way to go. Hope it can be as stable and battery efficient as the 0.5.x version was. Are you also considering bringing back the cumulative max amount (i.e. unused max amount from previous days (or X days) adds up)?

What algo? Is there a hashing algorithm and/or encryption? There wasn't last time I checked. It might be a similar concept to cryptocurrency but it's technically not.
If not then people need to stop calling it a cryptocurrency and just call it a mobile or digital currency.

Also please do bring back the old style of 'mining'. I barely get any regardless of what I do in those two hours but the old app I'd do well. I don't think I've gotten a full coin in a day since the new app came out. I'm all for that change.

I believe that this hybrid-algo satisfies all the basic demands posted so far. I am happy to see that this coin will finally step into the main journey of crypto revolution in full throttle.

It does cost you to make it work only with internet connection- could that be the reasons someone are still not happy. This probably will prevent someone having thousands of smartphones, easily running them whole days in lazy mode,( including probably energy-free by such as hanging them like windchimes!)- i.e., may prevent extremely low-cost, high-volume gaming of the system (if it can be done without internet connection at all.)

Therefore, certainly the cost (of being online) is the issue but every other crypto client needs online to do anything and full-blockchain-records syncing just to start working, in addition to only getting rewards in full-competition mode by solving a block. Mangocoinz does not give anyone those difficulties.

Also, it is a reality that Mangocoinz counts a lot of people out:  those having no smartphone, no email or not using emails, and those disinterested in or having not heard of or incapable of understanding what cryptos are.

Maybe, the days may come when you can miner Mangocoinz with smartbracelets, smartwatches or smartpedometers.

I believe that our Dev's know the best and they have been doing and will continue to do the best things.   

please bring back the "lazy" or "passive"  miner some people are TIME REKT and seriously cannot shake their phone for 2 hours this will be awesome and remove all my new found hate of this product

That sounds great.

I have to say that I have now given up on Mangocoinz. I loved the old Android wallet and I used it since the beginning but the new wallet is just wrong. Sorry Mangocoinz....I'm out...

Hey everybody,

Just a quick update.
We've acquired a phone that has the mentioned bugs that some of you have experienced and we're pleased to tell you that we've fixed them.
We're talking about some crash bugs and timer issues.

The app will be available to update in a few days. We still need to button things up a bit before we can release it onto Google Play.

Also, we're considering making a hybrid comeback of the old way of mining.
The way we're considering this to work is by allowing all 24 hours in the day for mining with a max amount of coins that can be mined, but with an active internet connection requirement.
This is basically the old way of mining (from the old orange app) but with a internet connection.
Please tell us your thought on this.

Best regards, Srele from MangoCoinz.

True, one has to consider the value of MCZ, which has and will continue to fluctuate a lot. Is there a long term (complete, since trading started) daily price record anywhere?

Making 1 mangocoinz = 1000 sounds good, and no need for confusion, no mgb
and mcz just multiply all existing mcz by 1000... and no confusion should follow.
It promises better growing potential so mango can spread to more people, as
mentioned before psychological factor means a lot here, since no one will be happy to
mine 0.00...1 coins it the future and big numbers allow more precise distribution when
it comes to huge difficulties. And provides chances that 1000 mcz in the future would
worth more then 1 with current model of distibution.

Think about it, i really suggest devs and all investors, early miners to support this idea.
However daily window of 2 hours a day should be probably removed so coin can be more
fair to all users, and not depend on phone sensitivity or internet connection availability...

You should have better lucks by sending messages to

• [email protected] for them to help you out.
  
  or the future Bug Solving Service

 

Anyone?  (To the above?)  Can anyone assist?  This is so frustrating...... 

Thank you for the analysis.

I was posting mainly to point out that the present reward value even at around 1-2 MCZ is as close to the previous value when 7 MCZ were made. The brief higher values  spanned from more than 10000 satos to less 300 satos but it is fair to say that by even making only 1.5 MCZ now, it still can be better than before. I have been following the prices over the past 5 months very closely.

It is essential for every Manogcoin user to understand that it is a matter of time when user number increases so much that MCZ rewarded would be decreased but the overall value would be about the same or even better in the future (due to about proportionally increased prices). Hopefully, nobody would post their complains about getting 0.01 MCZ,  0.0001 MCZ daily, even if it would be still valued at, say, total of around $2; someone might still complains about the small number of coins.

I have confidence in our dev's all along and they will fix all these problems. No matter what they are going to do, I shall be happy.
 

Don't you worry about people leaving, they are doing it. In significant amounts, every day. Soon you actually may be quite alone.

If drastic changes are not implemented in half a month, this project will be just a distant memory in half a year.

No please, don't listen to me, listen to YOU, that are willing to do that tremendous job you just posted.

Even before that, sadly, with the recent changes, I am loosing faith in this project altogether very quickly.

This game is rigged, quite obviously, as you just pointed out clearly. But it was even more rigged before because I am quite sure the same people that is gaming the system now was gaming it before, probably in a bigger way.

It also seems to me that these kids, the devs, either don't know how to avoid it technically or are not very interested in fixing it because they are receiving what they perceived to be a fortune with the 1% of the transactions. Or, most likely, both instances combined.

What is now quite clear is that many of the enthusiast -like me-, at the beginning, are dropping the towel: This is going nowhere at present. The main lure (coins for free) is gone. The second main lure (exercise) is also gone. It is a sad joke to pretend in any way to connect this project to exercise. Game, set, match.

I'll give it just another brief chance for the devs to take quick, definitive action. 1.- Eliminate the timer altogether, since it doesn't work. 2.- Make the generator work during exercising, all the way to reach whatever the limits are, so ANYONE can get the max allowed simply by moving the smart phone, as you would do running. 3.- Drop the transfer fees to 0.25%.

Otherwise, this is not serious and not worth anyone's time.

The price in the exchanges has shown clearly that this is going the other way of forward. You may still have another chance, a rare instance. Take it and take it quickly or it will sunk.

It's really hard to read your posts DOGEbubble, with all that crazy formatting, non-relevant images and weird use of quotes. Anyway, here's an attempt to reply at what I got from it.

First off, I'm not saying we should necessary go back to the same difficulty of "mining" (lets say coin generation instead, as we are not mining really). Anyway, you say 7 MCZ is too high? Well the current is 6.4, not much of a difference really.
Also, the price was high at times, even higher than now, before the new system (2-hr limit) was launched, so your arguments make no sense.
Nevertheless, development is good and the ecosystem seems to be growing.

The point I want to make is about fairness of coin generation and the purpose that MCZ devs try to target, and how I think it is currently not optimal. You state yourself that you can see several accounts making the max limit (>0.05) per minute/sync event in the blockchain.
Now my question is who can that be? Unless there is a large difference between the sensitivity of the phones, there is NO WAY you can make that on regular exercise for a prolonged time (if at all). This is the amount you get by furiously shaking your device. And now who can do that for 2 hours? Probably no person would bother or even be able to do that. Yet, we see numerous of these sync events reaching the max limit.

Let's have a look at the "blockchain" (its more of a log really, there is no such thing as blocks).
I took a sample, by copy-pasting a few times every 3rd minutes from the website log, and looked at the sync events and the transactions being made. In total I caught 9283 sync events and 145 transactions. 61 one of those transactions were NOT fee payments or 0 amount transactions. 320 unique accounts performed syncs.

The majority of the syncs show a "surprising" tendency, with a large number of high sync amounts (see histogram link below). 45% of the accounts had consistent sync amounts (median) above 0.05, 67% above 0.04. 102 unique accounts had syncs above 0.05, and most of these accounts doing more than 40 syncs events of this amount. Sounds like someone exercising? No, these are most likely someone gaming the system, generating the VAST majority of the coins seen in the time window I looked at. 374 coins were generated during the period, 214 by accounts with >0.05 median sync amount, 300 by above 0.04.

Histogram of sync amount frequencies: https://i.imgur.com/x1DDsne.jpg

Now the interesting part is looking at which of the accounts that performed syncs in the time window, also performed transactions. This is very difficult to catch with a limited sample, since syncs and transactions are not likely to take place at the same time. You would rather expect that people generate coins for a while, perhaps even a few days or weeks, and then sends the a transaction.

Still, I could find some accounts that sent transactions while also performing syncs.
Interestingly, many transcations were pointed to the same receivers. For example these were at the end of the time window I looked at (within a short period of time and no other transcations in between, so they could, and likely did, continue to a larger extent):

sender	receiver	amount
56D60A20B91776474FC6F6DE088CC80AA3BF860C274D6250884CFBA9B9B9DD75	3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062	5.7
2C446A57D93FB059C26E90AFFC8757045D74A64049B537E136DE038B3A449847	3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062	6.3
787B020E91E9361187DE932810B159D4F2BF6AB2DF75DE43132634BA3831AA98	3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062	6.3
CA2BCC2EDCD2FA80049B5B294D967FE10B0EAEE2DED2B0C8F8F82E41867356DE	3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062	6.2
F61368F42E9B265787EC7A9508AEF9FF18348B754F6D2E6B218AA8CD68DC167D	3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062	5.6

Look at the amounts, they are close to the max daily limit and from unique senders. Could it be a farm? There are other receiving addresses showing the same pattern.
Also, almost all the senders who are also syncers (potential "farm nodes") generate coins at a high frequency (>0.04).
This is however only the tip of the iceberg. I caught some syncers also sending coins. I suspect that this happens to a much larger degree than what can be seen just looking at a limited segment of the logs.

Devs: please release a full log of syncs and transactions as well as ability to look at individual address balances and transaction history (same functionality as traditional block explorers), so that people can see the real scale of this (they should know about these issues themselves I would hope).

Now, back to my point.
The only ones who can make large amounts and reaching limits of coin generation appear to be gaming the system by farming. This problem is hard to deal with, though there are options to make it more difficult. However, there is a clear unbalance when an honest user is barely able to make 1 MCZ performed the activities for a long period of time, that the project has intended for (i.e. sports of whatever activity).

This is also related to the timer, as with a 2 hour limit there is NO WAY for honest users to make what someone gaming the system can do within that time frame. Whatever purpose the 2 hour timer has, its working against the "real" users and does not affect potential farms.
It also degrades user experience to a large extent compared to a non-intrusive background process (i.e. old Android version), and does not work on Android (largest potential userbase). Frankly, a lot more people here dislike it than like it, DOGEbubble.
So the timer is part of the problem. It is also a problem that its seems very easy for many of the active accounts to reach the max limits, yet is is practically impossible doing so when exercising. So how do these accounts do that? Remember these are (probably) generating the vast majority of new coins, which they will dump or use to manipulate the market.

Please make it at least possible for regular users to generate coins at the same rate as (probable) farming users.

Also please stop taking about MGC, it confuses newcomers and makes no sense. You honestly don't think that 1 Mangocoinz = 1000 Mangocoin is confusing? 1 bitcoins = 1000 bitcoin? If you want a denomination for the lower amounts, that is clearly not the answer. Listen to barabbas, he is talking sense.

I am afraid that the whole issue is still not about the timer. There is still the same talk (over and over) that somebody wants to make about 7 MCZ by doing the same activity (probably forever). Then you get the same coin forever, and if the price will rise, you would make a lot more money several times easier.


If the problem is the number of Cheap MCZ, then it would even make more sense to give every 1 MCZ=1000 MGC (or MGB, etc.) to make more people happy.

Mangocoinz stands for energies by using the orange color-spectrums; therefore, it is about all activities requiring significant amount of energies and it should be depicted as such to avoid confusion. Having a man and woman Jogging is one of the pictures used to represent but not to exclude other activities which have all been described in the earlier portions of this forum.



The mining difficulties or less MCZ made exists or is expected to exist as more people join- they are racing/competing to get the future limited amount of total MCZ (being 16.7 million MCZ or 16.7 billion MGC, you name it.) Even without an official white paper which declares a mining (block) reward schedules, our DEV'S are wise and this is their coin and they can be entrusted to decide or adjust the reward values, be it officially posted or not.

If your 4S cannot do 2 hour of use then either the battery is busted, or the iPhone app needs improvement due to massive battery drain. Neither of those are valid reasons not to get rid of the timer (broken phone and poor code). The thing is that the old Android app could run 24/7 without barely impacting battery life.

Again, I see no good reason to keep the timer. If it was introduced to avoid people gaming the system, I hardly think that helps. Right now, with limited time, only very high intensity movement of the phone can result in max yield with the 2 hour timer. This is not possible when actually doing real sports! From my experience, running 1 hour makes around 1 mcz, mountainbiking 2 hours about 1.5 mcz. Putting your phone in the tumble dryer, helicoptering it in a sock etc makes more. If Mango really wants to target fitness and running, I think the timer should go and consider adding some sort of location tracking of distance/speed to leverage rewards to avoid gaming. Think about how Google fit and iOS equivalent runs in the background tracking activities. Mango can do the same (as the old app did). Also, getting rid of the timer and rewarding people who do long (and perhaps less intense) exercise might be an idea? In fact, my real favorite moments with Mango was going on 4-5 hour rides and getting larger rewards (possible due to cumulative cap and no time limit). Right now, the whole thing is more of a hassle and I will likely stop using it, and not to recommend it to someone else. Just a the opinion of a user, who has used the app for what it is targeting (exercise) since the beginning.