Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1029. (Read 2375939 times)
Yes I am solo mining I dont like to use pools
Sadly with new miners and the hashrate up I have not found a block in days major wasted resources so until hashrate drops down I think I be turnign miners off for a few days.
Hashrate climbs and drops all day long, so you would have to monitor network hashrate 24/7. There are a few big miners who appear and disappear several times a day and cause this spikes. You are solo mining?
Wouldn't a malicious actor with a botnet be able to raise the hash rate so far that the block reward stays very low for an extended period of time?
Sure - and with that amount of hash, as long as the minimum block reward isn't too small, you may still profit.
Sadly with new miners and the hashrate up I have not found a block in days major wasted resources so until hashrate drops down I think I be turnign miners off for a few days.
Voting-time finished?
https://bitcointalksearch.org/topic/the-future-of-crypto-best-etablished-pow-coin-to-buy-or-mine-in-913172
Thats great , we have the majority of votes https://bitcointalksearch.org/topic/the-future-of-crypto-best-etablished-pow-coin-to-buy-or-mine-in-913172
Right now:
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
The net hashrate varies quite significantly as the difficulty adjustment is done every block. How did you check the hashrate? -- Net hash rate from getmininginfo? [at this time I checked about 50 Mh/s]. I am not sure if it's meaningful comparing Pool hash rate with the network hashrate, as they may be calculated in different way.
I read it from the pool dashboard. I should a made a screen snapshot, but got busy.. At that same time the maxminers pool dashboard
showed a pool rate of 2 MH/s something and the same net hashrate as nonce-pool. I hope it is the net hash rate that was showing wrong
for a minute.
It could vary a lot even within a minute if there happens a block minted, but 2 MH/s is definitely something wrong; I would expect 20 Mh/s is something which could happen. Most likely 2 Mh/s is calculated from the PoS difficulty, I would say. In any case, the network just goes well; you can check the wallet hashrate through "getmininginfo" (notice network hashrate is just an estimate, calculated from the adjusted difficulty).
Right now:
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
Net hash rate: 15,562.11 KH/s
Pool hash rate on Magi@Nonce-Pool: 19,236.5 KH/s
Wtf?
The net hashrate varies quite significantly as the difficulty adjustment is done every block. How did you check the hashrate? -- Net hash rate from getmininginfo? [at this time I checked about 50 Mh/s]. I am not sure if it's meaningful comparing Pool hash rate with the network hashrate, as they may be calculated in different way.
I read it from the pool dashboard. I should a made a screen snapshot, but got busy.. At that same time the maxminers pool dashboard
showed a pool rate of 2 MH/s something and the same net hashrate as nonce-pool. I hope it is the net hash rate that was showing wrong
for a minute.
Magi will attract more crowd.
It seems the listaccounts command in the "debug window-- console" shows incorrect balances for several accounts under one wallet (the total balance is right). I checked the balance of one subaccount and it is different from the bchain.info balance.
It's due to PoS which revises the transaction. Also I got several small mined transactions
Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Did you see these from transaction details? Can you identify them in the transaction histroy?Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Also I saw the 5xmg showed in the "Stake" but none of my sub accounts having balance smaller than that. Will that mean if I keep the wallet open, I will get that by POS later ?
PoS splits coins; it's interesting that only 5XMG in stake? Cool! Welcome to our Magical community!
no! it is me that is thanking you.. words came my way that people from Russia and Bulgaria have engaged your coin
That's cool. Yea Magi is working to grow worldwide.
These days Magi gets on more new websites or forums. At the moment working to update Chinese forums and other languages.
It seems the listaccounts command in the "debug window-- console" shows incorrect balances for several accounts under one wallet (the total balance is right). I checked the balance of one subaccount and it is different from the bchain.info balance.
Also I got several small mined transactions
Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Also I saw the 5xmg showed in the "Stake" but none of my sub accounts having balance smaller than that. Will that mean if I keep the wallet open, I will get that by POS later ?
Thanks.
Also I got several small mined transactions
Net amount: +0.01 XMG
Net amount: +0.001 XMG
Are those from POS?
Also I saw the 5xmg showed in the "Stake" but none of my sub accounts having balance smaller than that. Will that mean if I keep the wallet open, I will get that by POS later ?
Thanks.
I didn't say you couldn't drive away some big miners - I said that you cannot convince people to mine slower. Either people will mine your coin as fast as they can, or they likely just won't mine it.
Lol... Really? Don't you see people are using Spexx's speed controller, or asking for "-e" option, do you? Either, we don't know if people really mine at full speed or not, or just go away, right?I said as fast as they can - people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense. I should have clarified - people won't reduce speed for the express purpose of lowering nethash. Everyone thinks they don't matter - when collectively, they do. But, you're right, it's just a theory.
You also said "they likely just won't mine it.", or likely mine it with a lower speed? You can't be so certain on the results especially when there are no apparent facts in support of that, for example, "people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense." What about the cost, if one mines with high cost but can't get what he is desired, won't he just stay low? Surely people could just mine another coin with his full speed in order to maximize mining reward, but again that's just a guess. It's pretty much no point based on facts we don't know, but just guess. I don't expect everyone to lower speed, either. I do expect every generic miners run at full speed, and drive away the big miner, or make them lower the speed.
As I said, it was just a theory - I don't have hard evidence to support either direction.
Alright, I do agree.
I didn't say you couldn't drive away some big miners - I said that you cannot convince people to mine slower. Either people will mine your coin as fast as they can, or they likely just won't mine it.
Lol... Really? Don't you see people are using Spexx's speed controller, or asking for "-e" option, do you? Either, we don't know if people really mine at full speed or not, or just go away, right?I said as fast as they can - people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense. I should have clarified - people won't reduce speed for the express purpose of lowering nethash. Everyone thinks they don't matter - when collectively, they do. But, you're right, it's just a theory.
You also said "they likely just won't mine it.", or likely mine it with a lower speed? You can't be so certain on the results especially when there are no apparent facts in support of that, for example, "people want to mine on VPSes, and they want to mine on the systems they're using, therefore, it makes sense." What about the cost, if one mines with high cost but can't get what he is desired, won't he just stay low? Surely people could just mine another coin with his full speed in order to maximize mining reward, but again that's just a guess. It's pretty much no point based on facts we don't know, but just guess. I don't expect everyone to lower speed, either. I do expect every generic miners run at full speed, and drive away the big miner, or make them lower the speed.
I didn't say you couldn't drive away some big miners - I said that you cannot convince people to mine slower. Either people will mine your coin as fast as they can, or they likely just won't mine it.
Lol... Really? Don't you see people are using Spexx's speed controller, or asking for "-e" option, do you? Either, we don't know if people really mine at full speed or not, or just go away, right? No, it wouldn't make it harder at all - it would make hashrate fluctuate wildly, though, so no one knows what their hashrate is.
That's at least not making me not too regret on the things done; the wild fluctuation would be a big concern though. It proves my point - trying to make people mine slower will never, ever work.
Nah, there were few big miners who were there already gone; otherwise the block reward would be zero by now; guess the new miner raised up the hashrate at least 2.5 times higher. I know he's not the only developer in town - I am also one. My point is, it's not very hard at all to make a GPU miner for this - I removed most of the bignum calculations, so it's not even much of a pain anymore.
The removal of few functions does make things much easy, and I found out that that is something I've missed.
I am very curious what if we make the "iterations" be a random number, aka, depending on something, for example, the hash; seems like the removal of bignums as we just did is unlikely, would that be somehow more difficult to the CPU optimization or the GPU if that's the case?
https://github.com/magi-project/magi/blob/master/src/hash_magi.h#L329
Ooooo let's all have a CUDA miner available to us. That will ensure that we can increase our carbon footprint while mining for bugger-all.
#facepalm
When will people realize that over-mining XMG decreases the block reward? It used to be a minimum value, but now it can be zero.
Answer: Probably never. I have been banging on about it for months.
#facepalm
When will people realize that over-mining XMG decreases the block reward? It used to be a minimum value, but now it can be zero.
Answer: Probably never. I have been banging on about it for months.
Another picture from MAgi (XMG) presented on Bitcoinevent 2015 Amsterdam, The Netherlands.
made a VERY substantial acquisition Today of Magi, multiple reasons.. inclusive this video,
coins is very difficult to mine, but doable. I am very BIG on distribution aspect of crypto in general
almost never purchase coins but my believe in your work is very strong it was between Magi and several millions of BURST (no worries no promotion here) both are mentioned on the btc conference call , I looked at the exchange immediate, Magi traded at very low price.. converted FIAT and made the acquisition
thanks for the opportunity , thanks for your work, and thanks for having long term outlook on things!
To find a 'valid' reason that magi price still stays low, and never got pumped yet (though anyone else wishes too), low price just makes buying XMG as easy as said. People don't really need to worry too much; mining very much depends though. Pursuading people buying XMG is not what I meant, though I do intend.
correct , but I have added it to my long term portfolio and it was not a small amount.. caught it before 5% rise in the 2 hours span
even if a person collects 10 XMG a day it adds up.. 10 days and it is 100 , did not (although I should have) gone inside algo to see how feasible is to code Open CL or CUDA speed up (fpga is given but for that you will have to reach dark)
and with dark fpga devices keep raising its security every day so while buying XMG and I did so thru dark I added dark to portfolio as well
knowing this space by now, XMG is going to rise very strongly.. but I am not selling and holding as with the rest of crypto
need also check reward table and decrease on inflation (halving as such) but anyways.. my acqusition Today.. and I love it
If you want to know how feasible CUDA is, just check out djm34's hashrate
it is speculative at best, also djm34 is not the only developer in town.. waiting alternate feedback
I did this with gapcoin (sorry for cross post) all one has to do is find a speed up in a single line of code on CPU miner alone, this by itself does not break a coin.. distribution of Magi is relentless and is spreading
I know he's not the only developer in town - I am also one. My point is, it's not very hard at all to make a GPU miner for this - I removed most of the bignum calculations, so it's not even much of a pain anymore.
excellent I see your name allover the place plus your github is well visited and know in that case, magi will enter status of primecoin as one of you will release GPU miner and with that difficulty level will accelerate , all of it strengthens network
primecoin difficulty has come down but is still darn strong, and market cap is holding
The difference is magi's block reward could become null when network hashrate exceeds a point.
very very interesting... I will leave thread open for any elaborative ideas on that point.. never heard of such a concept before..
will let you all talk and all listening as my finger is always ready on the buy order
Another picture from MAgi (XMG) presented on Bitcoinevent 2015 Amsterdam, The Netherlands.
made a VERY substantial acquisition Today of Magi, multiple reasons.. inclusive this video,
coins is very difficult to mine, but doable. I am very BIG on distribution aspect of crypto in general
almost never purchase coins but my believe in your work is very strong it was between Magi and several millions of BURST (no worries no promotion here) both are mentioned on the btc conference call , I looked at the exchange immediate, Magi traded at very low price.. converted FIAT and made the acquisition
thanks for the opportunity , thanks for your work, and thanks for having long term outlook on things!
To find a 'valid' reason that magi price still stays low, and never got pumped yet (though anyone else wishes too), low price just makes buying XMG as easy as said. People don't really need to worry too much; mining very much depends though. Pursuading people buying XMG is not what I meant, though I do intend.
correct , but I have added it to my long term portfolio and it was not a small amount.. caught it before 5% rise in the 2 hours span
even if a person collects 10 XMG a day it adds up.. 10 days and it is 100 , did not (although I should have) gone inside algo to see how feasible is to code Open CL or CUDA speed up (fpga is given but for that you will have to reach dark)
and with dark fpga devices keep raising its security every day so while buying XMG and I did so thru dark I added dark to portfolio as well
knowing this space by now, XMG is going to rise very strongly.. but I am not selling and holding as with the rest of crypto
need also check reward table and decrease on inflation (halving as such) but anyways.. my acqusition Today.. and I love it
If you want to know how feasible CUDA is, just check out djm34's hashrate
it is speculative at best, also djm34 is not the only developer in town.. waiting alternate feedback
I did this with gapcoin (sorry for cross post) all one has to do is find a speed up in a single line of code on CPU miner alone, this by itself does not break a coin.. distribution of Magi is relentless and is spreading
I know he's not the only developer in town - I am also one. My point is, it's not very hard at all to make a GPU miner for this - I removed most of the bignum calculations, so it's not even much of a pain anymore.
excellent I see your name allover the place plus your github is well visited and know in that case, magi will enter status of primecoin as one of you will release GPU miner and with that difficulty level will accelerate , all of it strengthens network
primecoin difficulty has come down but is still darn strong, and market cap is holding
The difference is magi's block reward could become null when network hashrate exceeds a point.
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