Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1208. (Read 2375926 times)

+10

good point, billotronic!
dev, as somebody said you are too idealistic. As a "indivdial miner" i really appreciate what you have done to the guys like me, may i ask, when i use my single pc or rent some vps for mining, and i get many coins due to the max reward of one block,  can you assure that i won't dump my coins when it's in a good price?  For example i have 100000 XMG, and the price is 100000 sats, that means i could sell it for 100 BTC, and i just used my pc mining for maybe 10 days,  with the cost of 10days*6$(electricity fee a day)=60$  total, that means i could earn 100BTC*400$-60$=36000$  in 10 days! maybe you could ask some "individual miners" do not sell their coins, but can you ensure everybody don't sell the coin?  i don't think so. when one guy start to sell his coins, the others could follow, cause they fear to lose their money that supposed to be earned by them, you forget that these "individual miners" are still in  competition. maybe you think 10m hashrate miner at  this time is a big miner, but suppose when a gpu miner comes out someday,and then comes with 1G hashrate miner, will you take the 10m hashrate miner as "individual miner"?  i rented some servers to mine xmg, but i canceled all the servers after you made the hard fork, now will sell all my coins at a proper price.

there's competition anywhere and anytime, you win or you lose, that's the rule of the nature.

Pushing up Sam's posts.

ok, billotronic, that's nice suggestions anyway, we'll stay with the current block rewards, at least we're still safe and have time to come up with something. We may change to 'large block rewards' once we see that won't give us big troubles.

In the meantime, we need to get rolling, requests to coinmarketcap submitted, being in touch with few exchanges, with a main focus on bittrex, and many more coming up.

The problem with virtual mining is that you can easily convert one big rig into many small miners.  This makes it difficult to create a tiered and fair mining approach.  The whole mining ecosystem is never going to be fair and hence you may have to be radical.

Let’s discuss the current state to understand our target state.

Would I be correct in assuming the majority of mining hash rate is in pools?  

Pick a path and stay with it.

"You can please some of the people all of the time, you can please all of the people some of the time, but you can't please all of the people all of the time."

Please take a look at the Money Supply so far; also guess you don't know big miners complained a lot at the launch too about the block rewards, cause they can't solo mine blocks too. Issues start with pool mining more or less, network hashrate rocketing up, big miners coming into the nethash, people again complained.

Anyway, what do you guys suggest to me?

Westmere version is 2 or Kh/s slower than generic version. This holds true on all the Xeons (all at least 3 or 4 years old) I've tried it on.

Dont get me wrong, this is all bad.

From coin start there was problems.
From launch there was no pools and miners ready, meaning, those individual miners like me was mining nothing first 24 hours at supposed low diff.

Now also nothing to mine by those same "individual miners". - Thing are actually worse.

The issue with lage block reward I have is big miners' dumping once we get into a decent exchange. I view this coin a long term rather than short term. Please take time to get free VPS or whatever you can contribute to net hash.

Actually, It probably wont. Changing the block reward has only hurt 'normal' miners. The net hashrate is most likely made up of mining on free electricity who do not care about the block reward. Coincidentally, these people also tend not to care about the coin as they dump on the market.

i was lucky to get in as soon as a pool opened, have made a whole 375 since then..........

Have patience, price will go up.
Reward change is also good for people who mine from launch of coin.

Do not forget that there are people who already have x0.000 of magi. its so dissapointing. but idea is interesting a little, if we could mine like that from launch.

i tend to agree, 312khs and i get 3.33 xmg a day or there abouts, not even really worth haveing online, but i cbf switching my miners off lol. i just hope that the rareness of the coins starts to reflect alittle in the price otherwise iam wasting precious power lol.

I think it woud be very good to get XMG on that app.
Let's go for it.

hello sorry my world but 5 xmg woth of nothing . all cost higher electricity and isp cost etc. and i dont think the xmg going very high price but i hope i am not right.

bye

i mining xmg.suprnova.cc  this pool

i mining from the coin start, first solo minig nothing found and when realased stratum miner i move the pool.

That's what i meant, they don't really care and just reduce the block reward to 5 XMG, making it more scarce - why should they stop?

u solo mining or pool ? how long time u find 2 blok ?

hello
the dev idea not working! the magi net hash rate 276,228.66 KH/s  and diff 12.12274662 so big miners also working all block only 5 xmg .

i found 2 block my i5 proc. and reward 5 xmg. i think single miners no worth mining