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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1032. (Read 2375939 times)

legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT

I get around 1 XMG per 25000 XMG staking per day.


I must be doing it wrong lol I don't get even close to 1 per 25. How should I set it up for better staking I have just over 3k xmg.

3000 XMG staking means 1/10 (one tenth) XMG per day
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Btw, this is what we're using now.

The network difficulty here is not the actual difficulty, but a kind of value according to a complex computation by evaluating most recent blocks.
legendary
Activity: 1750
Merit: 1005
what are we supposed to do for this giveaway as I am unable to use the new miners without http support yet

http://bitcoingarden.tk/forum/index.php?topic=2518.msg86654#msg86654
Check here its a simple task!
Remember this one!
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
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.

I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack".

Note what I said - as long as the min block reward isn't too small. For every minimum block reward, there's a cost per kh that makes it profitable at that reward - you just want to make the cost per kh required unreasonably small.

It really depends, however, you can say one with zero costs is always profiting, then I won't be able to argue. The issue is all about the amout of block reward, how profitable it is, and at what level the block reward is too small (very much depends on the market price though). As I explain a few pages back, block reward can go all the way down to mining fee, 0.0001; the distance between not much small and very small won't be huge. 

Oh, I missed that post - didn't know block reward could go down to fee. In that case, there's no reasonable cost per kh that makes the attack worth it.

Yep, however the real situation is more complicated, some miners leaving will get the block reward back, that very much depends on the user base of generic miners too. Speaking of another side, if these big miners are malicious who just don't care, that would be a little bit tough.
sr. member
Activity: 434
Merit: 250
"The mass of men lead lives of quiet desperation."



I get around 1 XMG per 25.000 XMG staking per day.
[/quote]

so if I have 2500 xmg, I will get 100 per day ??
[/quote]





I must be doing it wrong lol I don't get even close to 1 per 25. How should I set it up for better staking I have just over 3k xmg.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
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.

I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack".

Note what I said - as long as the min block reward isn't too small. For every minimum block reward, there's a cost per kh that makes it profitable at that reward - you just want to make the cost per kh required unreasonably small.

It really depends, however, you can say one with zero costs is always profiting, then I won't be able to argue. The issue is all about the amout of block reward, how profitable it is, and at what level the block reward is too small (very much depends on the market price though). As I explained a few pages back, block reward can go all the way down to mining fee, 0.0001; the distance between not much small and very small won't be huge.  
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Mine isnt stacking then because I have 100 XMG and I only get like 0.02 now and again interest.
Yes, it will take time back to the staking state.



Quote

I get around 1 XMG per 25.000 XMG staking per day.

so if I have 2500 xmg, I will get 100 per day ??

i would love that the less you have the more you get  Grin jk

I'd love this too, Smiley however it's not about economy but about fun in my view. People having more coins should be advantageous to get more interests but they'll need strategy to gain; it's also impossible to resist people getting more interest frankly.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
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.

I don't think profit would be a concern in this case, and actually I don't think it's profitable. malicious "attack-like" botnet which keep the block reward stay low will be a concern, however none will benefit from this kind of "attack".
full member
Activity: 168
Merit: 100



I get around 1 XMG per 25.000 XMG staking per day.
[/quote]

so if I have 2500 xmg, I will get 100 per day ??
[/quote]

i would love that the less you have the more you get  Grin jk
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT

I get around 1 XMG per 25.000 XMG staking per day.

so if I have 2500 xmg, I will get 100 per day ??

No, 1/10
full member
Activity: 139
Merit: 100
Mine isnt stacking then because I have 100 XMG and I only get like 0.02 now and again interest.



My wallet says,
My weight is 68,
Network weight is 655132.
Expected time to earn rewards 10 days....

What does it mean? I have to keep my pc open for 10 days without any interruption for 10 days to get reward ?? And how much I will get after 10 days ?? Please help me

The expected time is very coarse. It'll look very different between at the very beginning and after staking few hours. How many coins in your wallet, and how much time coins sitting in the wallet for staking? It's not necessary to keep the wallet open to get the rewards. Let's say we know expecting reward coming in tomorrow, you can just open it up by that time; but use cautious as PoS-II is very different from general PoS. You can always get PoS reward in a general PoS staking, but it depends for PoS-II.


I get around 1 XMG per 25.000 XMG staking per day.

Sounds right to me. Smiley
legendary
Activity: 1526
Merit: 1026
SellDefi.com | Earn by selling files


[/quote]

I get around 1 XMG per 25.000 XMG staking per day.
[/quote]

so if I have 2500 xmg, I will get 100 per day ??
legendary
Activity: 1260
Merit: 1001
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?
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
I got just enough over a coin today. Is That normal for todays difficulty? Right now i am mining in a pool. For hashrate see above.

total hashrate is up from yesterdays 20000 to 35000 to 55000 KH/s today

Take a look at http://xmg.makejar.com/xmg-per-day, total daily payout is not bad and steady in past few days.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
I have 94 coins Tongue
I have earned all of them from pool mining and I have not sent any coin to others. take a look.
And please tell me what I should do to stake correctly. And how much POS reward I will get  ?

Let me get to this point, will give some details and also answer prior question raised by another person.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
My wallet says,
My weight is 68,
Network weight is 655132.
Expected time to earn rewards 10 days....

What does it mean? I have to keep my pc open for 10 days without any interruption for 10 days to get reward ?? And how much I will get after 10 days ?? Please help me

The expected time is very coarse. It'll look very different between at the very beginning and after staking few hours. How many coins in your wallet, and how much time coins sitting in the wallet for staking? It's not necessary to keep the wallet open to get the rewards. Let's say we know expecting reward coming in tomorrow, you can just open it up by that time; but use cautious as PoS-II is very different from general PoS. You can always get PoS reward in a general PoS staking, but it depends for PoS-II.


I get around 1 XMG per 25.000 XMG staking per day.

Sounds right to me. Smiley
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
My wallet says,
My weight is 68,
Network weight is 655132.
Expected time to earn rewards 10 days....

What does it mean? I have to keep my pc open for 10 days without any interruption for 10 days to get reward ?? And how much I will get after 10 days ?? Please help me

The expected time is very coarse. It'll look very different between at the very beginning and after staking few hours. How many coins in your wallet, and how much time coins sitting in the wallet for staking? It's not necessary to keep the wallet open to get the rewards. Let's say we know expecting reward coming in tomorrow, you can just open it up by that time; but use cautious as PoS-II is very different from general PoS. You can always get PoS reward in a general PoS staking, but it depends for PoS-II.


I get around 1 XMG per 25.000 XMG staking per day.
full member
Activity: 196
Merit: 100
I got just enough over a coin today. Is That normal for todays difficulty? Right now i am mining in a pool. For hashrate see above.

total hashrate is up from yesterdays 20000 to 35000 to 55000 KH/s today

It goes up and down all the time, could be in an hour it drops down to 25.000 kh/s. There are a few big miners who from time to time join and leave. That's why there are some bigger differences in the difficulty and block reward.
full member
Activity: 168
Merit: 100
I got just enough over a coin today. Is That normal for todays difficulty? Right now i am mining in a pool. For hashrate see above.

total hashrate is up from yesterdays 20000 to 35000 to 55000 KH/s today
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