Providing videos of awareness about Coin Magi... It will take you less than 3 minutes to watch BOTH videos...
just do it : ) ...
I did it! (Oh the things I've done) I've become ambivalent about this project though because nothing has changed. Right now the top two miners on the nonce pool are cranking out close to 20,000 Kh/s, what looks to be 30% of the network!
30%! That's really sad because there are 360 users in the pool right now. The network viability works on distribution, not concentration. It doesn't matter actual crunching is taking place, because difficulty can be adjusted. What matters is the distribution. Nothing is going to change until some dev bites the proverbial bullet, ditches pools entirely, and enforces mining from the wallet only.
Might be someone with a recent start-up who might be up for that.you did what? and yeah those two miners came back with lots of hash power...
but it doesn't seem like they benefiting all that much even if they do have tons of it.
They're raking in 100X the coinage, they'll have huge buying/selling power in the marketplace. Same old same old.
Spreading mining rewards as much as possible is basically the purpose of this campaign, though we're yet far from that. Basically big miners cannot be avoided. Mining from wallet only may cause hidden facts you never know; people can still sole mine, firing up their cpu farms. You don't know how many miners out there, and how many big miners there. For us, at least what we see is what we have.
I actually very much like the early solo mining stage of Magi. If you look back Magi thread, people (especially those having big hashrates) complained a lot finding blocks; they only found few blocks in a day! while more people cry for pool mining, since then we had those big guys. Check out this graph:
difficulty vs timePool mining was enabled on September 17, 2014, 08:09:34 AM. Difficulty jumped (09/18) exactly after the pool mining.
This is the beauty of this coin, isn't it? Very fair mining at the launch! However we're facing the issues with the big miners, reason where we are now.
... The effect of this is that when there is a huge influx of mining capacity (as was the case in the minutes after launch) the difficulty changes to account for them very quickly. This means that people hoping to get an advantage with low difficulty will not be able to, making this extremely fair. This, combined with the reward being directly proportional to difficulty, means that mining profitability will remain fairly constant from launch onwards. It doesn't matter whether you have a laptop or a farm of 100 machines, your average reward will stay the same with time, regardless of the network hash. It is about as fair as a PoW distribution can possibly be**
There are other issues with approaches you can think of; I am still open to suggestions. We try our efforts to make Magi better.