[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1227.

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: lama82 on September 18, 2014, 04:30:24 PM

Quote from: aloney on September 18, 2014, 03:47:13 PM

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

if there's really a GPU miner, i don't think the hashrate just grow 100M, it must be 1G or more , the guys who developed GPU miner could sell it to a big GPU farm, you know that the big GPU farm have more than thousands of cards, maybe there is a GPU miner for this coin, but they just don't use it, why? cause there's no trading volum of this coin, do you see the buy order in the only exchange? it's only 0.09092916, why would they mine so many coins but don't know how to sell it ?

I think its a little more than 0.09092916
See here:
24h BTC Vol0.43400516
24h XMG Vol720.59880
24h Low Price0.00008400
24h High Price0.00070000
Last Price0.00049900

I also think its a little more than 0.09 - look at the order book- this is the most important factor. (What coin buy/sells went for) Everyone is on a consensus basis that buy orders are not to be sold onto, the coin is just getting started... with huge activity prior to launch and until now 4 days after the launch, and it will continue.

I've been watching this thread / coin / team / pool / etc..

All things are properly in place to appear like when 'Darkcoin' first launched. What are they on now? page 3,000 8 months later?

This is on a similar pace as the other successful new coins with innovative algos. just saying.

lama82

full member

Activity: 238

Merit: 100

Quote from: aloney on September 18, 2014, 03:47:13 PM

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

if there's really a GPU miner, i don't think the hashrate just grow 100M, it must be 1G or more , the guys who developed GPU miner could sell it to a big GPU farm, you know that the big GPU farm have more than thousands of cards, maybe there is a GPU miner for this coin, but they just don't use it, why? cause there's no trading volum of this coin, do you see the buy order in the only exchange? it's only 0.09092916, why would they mine so many coins but don't know how to sell it ?

I think its a little more than 0.09092916
See here:
24h BTC Vol0.43400516
24h XMG Vol720.59880
24h Low Price0.00008400
24h High Price0.00070000
Last Price0.00049900

pcshared

newbie

Activity: 28

Merit: 0

http://ekhtelas.com/w.png

This is true???
Unconfirmed!!!

http://ekhtelas.com/w.png

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: aloney on September 18, 2014, 04:06:39 PM

Quote from: joelao95 on September 18, 2014, 03:41:40 PM

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

dev, the problem you think is not a mining problem , it's a economic problem, ppl comes for profit, ppl go away for more profit, maybe you should create a system like PTS, BTSX, ppl just buy the share for profit, not mining,, but i think it's the same thing, ppl pay more fees to rent more efficent CPU , so they should get more profit, it's reasonable. i don't know what do you want , if you really want to help more ppl, you could just give your money to them but not ask them to play a hardwork game, if a man is pool and he don't want to work hard, what would you think? is that man's fault ? or your fault? maybe the only thing we could do is working harder, as for this coin, maybe we should do more hard work, eg. make more application for this coin and more cooperation with more business, just like the bitcoin did

as far as I understand the dev, he is talking about ensuring the network is secure and on target. I don't think there is anything wrong with this.

Most devs usually kick their feet up (after a launch) and sit back and relax. The PoS-II is a huge incentive for miners to hang onto their coins because unlike others, when there is a fair advantage in mining, and the community is working on the same pace, once PoS-II kicks in, we can expect more coins for our mining consumption.

I also think you are right about doing more with business. I also mentioned magic shops would work well for this coin if it brought in what 1% of the worlds magicians ? 100k? 200K? That is a bigger and stronger adoption phase than 97% of the alts out there, if this does happen.

Any suggestions guys?

madalieninvader

member

Activity: 130

Merit: 10

Quote from: SamWalters on September 18, 2014, 03:56:27 PM

Quote from: ocminer on September 18, 2014, 03:38:33 PM

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist

Every algo was on gpu sooner or later...

Except for primecoin?

Remember the weeks and weeks and weeks of development by the so called 'experts' who never got a GPU miner working after primecoins launch? but they have been working so hard on it and never delivered? I remember, it was HISTORICAL! Because .. no one can do it even with huge money on the table.

I think there is only 1 now but that came out 1 year after primecoin launched.. and there is no interest in it as it doesn't work with primecoin mining.

I think Joe is onto something

I thought a primecoin GPU miner was old news. According to this there's a primecoin GPU miner that beats CPU by a factor of 20-25x . https://bitcointalksearch.org/topic/primecoin-gpu-miner-91-cpd-on-a-280x-pool-2-devfee-548230

Last I heard Monero CPU and GPU miner were pretty much even.

aloney

full member

Activity: 122

Merit: 100

Quote from: sleepdog on September 18, 2014, 04:21:36 PM

Which exchange is trading Magi?

https://cryptoine.com/trade/xmg_btc

sleepdog

full member

Activity: 183

Merit: 100

Which exchange is trading Magi?

aloney

full member

Activity: 122

Merit: 100

Quote from: pcshared on September 18, 2014, 04:07:37 PM

I'm working with 60 kh/s
But balance is 0

join the pool, http://magi.nonce-pool.com/ or xmg.suprnova.cc
you won't get nothing

pcshared

newbie

Activity: 28

Merit: 0

I'm working with 60 kh/s
But balance is 0

aloney

full member

Activity: 122

Merit: 100

Quote from: joelao95 on September 18, 2014, 03:41:40 PM

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

dev, the problem you think is not a mining problem , it's a economic problem, ppl comes for profit, ppl go away for more profit, maybe you should create a system like PTS, BTSX, ppl just buy the share for profit, not mining,, but i think it's the same thing, ppl pay more fees to rent more efficent CPU , so they should get more profit, it's reasonable. i don't know what do you want , if you really want to help more ppl, you could just give your money to them but not ask them to play a hardwork game, if a man is poor and he don't want to work hard, what would you think? is that man's fault ? or your fault? maybe the only thing we could do is working harder, as for this coin, maybe we should do more hard work, eg. make more application for this coin and more cooperation with more business, just like the bitcoin did

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Everyone

Don't forget if you save money mining this coin compared to other coins, might want to hang onto them, and save it for the PoS-II stage.

Just a thought.. lot of build up to come on this coin. It's not like you have heavy electricity bill, lol.. its CPU mining. The most affordable way to mine.

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: ocminer on September 18, 2014, 03:38:33 PM

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist

Every algo was on gpu sooner or later...

Except for primecoin?

Remember the weeks and weeks and weeks of development by the so called 'experts' who never got a GPU miner working after primecoins launch? but they have been working so hard on it and never delivered? I remember, it was HISTORICAL! Because .. no one can do it even with huge money on the table.

I think there is only 1 now but that came out 1 year after primecoin launched.. and there is no interest in it as it doesn't work with primecoin mining.

I think Joe is onto something

Gladimor

legendary

Activity: 1050

Merit: 1000

Quote from: 24core on September 18, 2014, 03:45:20 PM

Quote from: joelao95 on September 18, 2014, 03:41:40 PM

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants

Just to let you know, there are some pretty powerful CPUs out there. Intel Xeon E5-2690 @ 3GHz has 32 cores, and pumps out a decent hash speed of 0.25 MH/s (250 KH). Put into mind that these are rentable server-grade CPUs, and also consider that people are renting lots of these. If this coin was really GPU mineable, the network hashrate would be somewhere in the 2-3 figures GH.

I heard in IRC that renting out 500 cores worth of AWS instances is like $10/hour. That's a lot of hashrate.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: 24core on September 18, 2014, 03:45:20 PM

Quote from: joelao95 on September 18, 2014, 03:41:40 PM

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants

High hash rate is pretty okay to me, but not few persons own most of high hash rate, or gpu miners own these high hash; I guess this is also what people thinking.

p.s., if there are a gpu miner available, I don't expect many people use that yet.

aloney

full member

Activity: 122

Merit: 100

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

if there's really a GPU miner, i don't think the hashrate just grow 100M, it must be 1G or more , the guys who developed GPU miner could sell it to a big GPU farm, you know that the big GPU farm have more than thousands of cards, maybe there is a GPU miner for this coin, but they just don't use it, why? cause there's no trading volum of this coin, do you see the buy order in the only exchange? it's only 0.09092916, why would they mine so many coins but don't know how to sell it ?

ocminer

legendary

Activity: 2688

Merit: 1240

I'm not sure if you want a Coin like Revo/LimiCoin instead of one without a speed limit...

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: joelao95 on September 18, 2014, 03:41:40 PM

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

Let's be clear there are two concerns and these are :-

1) There may be people mining with GPU's and this coin was supposed to be CPU only as per OP.
2) The hash rate is above what the developer / owner wants

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Ok guys, I understand your concern, if you are a big cpu miners, just don't put all your hashing power into the coin; more people joining the mining is more desirable than a single person who has most of the power.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: joelao95 on September 18, 2014, 03:35:32 PM

Quote from: ocminer on September 18, 2014, 03:27:26 PM

Wat ?!

You don't want high hashrate ?!

Well we can also just put a hardlimit per user on the pools like with RevoCoin, LimiCoin etc..

But how does it makes sense to fork/change algo of the coin as soon as it is accepted and people mining it ?

Thats like you change the recipe of Coca Cola as soon as people like it and drink it

Care attention the possibility of existing GPU miners as people suspected, won't hashing rocketing be sign of gpu? that's most people's concern.

Sure but it is impossible to make a 100% gpu proof algo as long as gpu exist

Every algo was on gpu sooner or later...

aloney

full member

Activity: 122

Merit: 100

Quote from: joelao95 on September 18, 2014, 03:20:56 PM

Ok, here is a one parameter, the optimum diff where gets maximum block rewards, which is not designed well at the beginning (basically selected based on M7, obviously we're not on M7 now), since we don't have fist-hand data regarding M7M. Now I think we could tweak this value a little bit to make it fit into the algo and the community much better. That's basically what I am thinking.

as a miner , i really want to get more coins, but i don't think it's a good idea to turn modify that parameter so early , this is not changing a name or a logo of this coin ,if you change that, maybe the price will go down more quickly and no more people comes, don't you think if people suddenly get rich is not a good thing?? just do more job to make this coin stable, not just ruin it

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1227. (Read 2375926 times)