Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 118. (Read 2375926 times)

Since I feel a little at fault for this exploit being overused, I went ahead and sent you the 0.03946617 XMG difference of the invalid stakes to the wallet in your signature.

This is fucked. Wallet Generated 4 invalid stakings transactions in a row!!!!
http://jemisp.com/wallet.png

ok

I'll try to make out a test tonight as much as possible; since got a daily work to do, would depend how the thing proceeds.

Well the coin is originally designed with PoW, such decision was built in. People like to have alternative, there was already an option that Noblecoin who stopped PoW and we offered magi's codebase and PoS. It's not about how many people own the coin make it decentralization; we advertise idea in the website that has to be with original design, or we make us real dead. At this point, yes, I seem to the main one making the direction. Out there are free to make things like coin initial distribution, chain swap, such like, I do want to make sure we're down to the original way, that I believe (certainly personal optinion) is the way going.

Vitalik, I see you children are back, and still waiting for that "profit" you talk of......

15565194    2018-05-04 13:45:18    Fee    Orphaned          1809491    0.00100634
15565193    2018-05-04 13:45:18    Credit    Orphaned          1809491    0.10063448
15564560    2018-05-04 13:45:15    Fee    Orphaned          1809490    0.00045920
15564559    2018-05-04 13:45:15    Credit    Orphaned          1809490    0.04591952
15563787    2018-05-04 13:45:10    Fee    Orphaned          1809489    0.00093969
15563786    2018-05-04 13:45:10    Credit    Orphaned          1809489    0.09396907
15563020    2018-05-04 13:31:57    Fee    Orphaned          1809482    0.00067345
15563019    2018-05-04 13:31:57    Credit    Orphaned          1809482    0.06734502
15562746    2018-05-04 13:31:55    Fee    Orphaned          1809481    0.00220372
15562745    2018-05-04 13:31:55    Credit    Orphaned          1809481    0.22037178
15562295    2018-05-04 13:31:52    Fee    Orphaned          1809480    0.00014751
15562294    2018-05-04 13:31:52    Credit    Orphaned          1809480    0.01475072
15561558    2018-05-04 13:31:49    Fee    Orphaned          1809479    0.00086837
15561557    2018-05-04 13:31:49    Credit    Orphaned          1809479    0.08683744
15560888    2018-05-04 13:31:47    Fee    Orphaned          1809476    0.00032895
15560887    2018-05-04 13:31:47    Credit    Orphaned          1809476    0.03289467
15560225    2018-05-04 13:31:38    Fee    Orphaned          1809471    0.00097262
15560224    2018-05-04 13:31:38    Credit    Orphaned          1809471    0.09726203
15559475    2018-05-04 13:31:33    Fee    Orphaned          1809469    0.00059851
15559474    2018-05-04 13:31:33    Credit    Orphaned          1809469    0.05985061
15558969    2018-05-04 13:31:31    Fee    Orphaned          1809468    0.00250111
15558968    2018-05-04 13:31:31    Credit    Orphaned          1809468    0.25011101
15558821    2018-05-04 13:31:29    Fee    Orphaned          1809467    0.00076898
15558820    2018-05-04 13:31:29    Credit    Orphaned          1809467    0.07689837
15557925    2018-05-04 13:31:21    Fee    Orphaned          1809464    0.00102355
15557924    2018-05-04 13:31:21    Credit    Orphaned          1809464    0.10235503
15557296    2018-05-04 13:31:11    Fee    Orphaned          1809433    0.00078791
15557295    2018-05-04 13:31:11    Credit    Orphaned          1809433    0.07879094
15556946    2018-05-04 13:31:08    Fee    Orphaned          1809432    0.00050844
15556945    2018-05-04 13:31:08    Credit    Orphaned          1809432    0.05084431

Decision was made
by joelao95

nice community coin !
free and very " dezentral"

magi is joelao95 own petro coin

PLEASE, STOP CRY!

Devs you better start getting your asses into gear. if a pool like bullmining shuts down other pools will start to follow and if that happens the coin is fucked!

I been saying this since late December that this will start to happen soon

Everyone is getting sick and tired of this shit and its taking too long to fix the problem

Username = bullmining
So, i would guess it's this pool: https://xmg.bullmining.com/index.php
But no guarantee that I'm right. 

look at the username its bullmining pool

What Pool?

I am fully agree with you. Only with "it sounds a bit stupid")

I know it is uber fantastic idea, but what if you make the coin mineable only with... linux. It sounds a bit stupid even for me, but it can solve a problem - remove botnets. There are no linux botnets around. It seems a bit fantastic, but can make coin profitable.

POW mining on CPU algo is 100% unpromising for small miners. Botnets with ability to program any tasks they will solve not leave any chance to end users with CPU power to profit. Any part of such botnets available for rent on darknet.
POW part of MAGI protocol using to create new coins. It can't be removed, probably. My advice is to look on current most popular GPU algos and choise best for replacing current CPU algo.

There are many down on the road looking for better mining experiences and some are in active development. Let's recommend what optional algo that can fulfill well?

@cryptonit, we respect suggestions, but here magi will never remove PoW. Decision was made, and I wish all future proposals are brewed under this circumstance. I'm sure people have different opinions, and reasonably one would figure association with PoW dooms to be a failure, let it be, I would barely argue.

Very large hashing power is (I think) a required part of his attack, but it's not the whole thing. He is exploiting a weakness in the code which is specific to Magi. I have no idea what that weakness is, but I suspect Joe does. Relax, it will be fixed.

POS only? That creates a different problem. People with large amount of Magi will be getting big rewards, those with very little will be basically getting nothing. That's hardly fair either, is it? Also remember that POS coins CAN be attacked.

this make sense

so the main issue is weak legit hashpower compared to
hostile hashpower

as long as u dont fix that this attack vector will stay valid

remove POW issue is fixed

plain and simple

fuck traditions if they are bad

Snapshot #3
--------------------

Link: https://mega.nz/#!3aojAIwb
Decryption Key: !dHzkFiGO0P7uGFsYsIP904CETdv4AZlWN69o39HrdaI

Block Chain Height: (I had not written down the blockchain height when I created the snapshot, and due to the nature of the latest vulnerability to the blockchain, I was not able to determine it manually)
Date Created: 03/5/2018