[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1228.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

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.

Gladimor

legendary

Activity: 1050

Merit: 1000

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

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

Good one!

ocminer

legendary

Activity: 2688

Merit: 1240

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

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: B.T.Coin on September 18, 2014, 03:17:40 PM

Quote from: 24core on September 18, 2014, 03:07:16 PM

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

Why are you so opposed to the high hashrate?
The beauty of this coin is that your earnings will remain the same no matter how high the hashrate is, because the rewards get higher when the diff rises. (up to a certain point that has not been reached by far).
I honestly believe that the high hashrates are people renting Amazon servers or have other CPU means to mine. When the new miner was released I noticed most of the whales increased in hashrate by 10% so they must be CPU or they couldn't have had the increase.
I actually think it's great so many people are mining this coin, and are involved in this coin.
The best thing is that nobody is dumping the coin on the exchange, which shows that all miners care about the coin.

I'm supporting the developer who has a roadmap in place to deliver his coin. I cannot profess to understand his vision but if he wants our support then I will provide him with options. It is true that the best plans do not always turn out the way you wanted.

We must respect what the developer / owner wants and I think this debate is healthy for the coin.

It is clear that the developer / owner does not want such quick growth and I agree as this coin is so young.

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: ocminer on September 18, 2014, 02:18:27 PM

After all this turned out to run pretty cool..

Wallet only for few days then
CPU only for few days.. And STILL Cpu only.. GPU miners will surely come sooner or later, but until now the launch was really fair.

good job

I agree with this. Well said. This has got to be ranked pretty high up there in the charts for me.

The community is working together and keeping updates on their progress in this thread.

I'll rate it.. 10/10

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

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.

aloney

full member

Activity: 122

Merit: 100

it's a good thing that the hash grow smoothly,have you guys noticed that the hash grows after noncepool gives the pool miner, maybe you guys should test the new miner yourself, it's much more efficent, i think this is why the hash grows that much, many people changed the miner just like i did this morning

B.T.Coin

sr. member

Activity: 332

Merit: 250

Quote from: 24core on September 18, 2014, 03:07:16 PM

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

Why are you so opposed to the high hashrate?
The beauty of this coin is that your earnings will remain the same no matter how high the hashrate is, because the rewards get higher when the diff rises. (up to a certain point that has not been reached by far).
I honestly believe that the high hashrates are people renting Amazon servers or have other CPU means to mine. When the new miner was released I noticed most of the whales increased in hashrate by 10% so they must be CPU or they couldn't have had the increase.
I actually think it's great so many people are mining this coin, and are involved in this coin.
The best thing is that nobody is dumping the coin on the exchange, which shows that all miners care about the coin.

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: aloney on September 18, 2014, 03:13:31 PM

Quote from: joelao95 on September 18, 2014, 03:10:47 PM

Quote from: 24core on September 18, 2014, 03:07:16 PM

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

People can easily make a pool. Wink

too many manual intervention will destroy this coin, let the market to choose

The invisible hand of economics...nahhhh

The developer can still call the shots so let him decide.

aloney

full member

Activity: 122

Merit: 100

Quote from: joelao95 on September 18, 2014, 03:10:47 PM

Quote from: 24core on September 18, 2014, 03:07:16 PM

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

People can easily make a pool. Wink

too many manual intervention will destroy this coin, let the market to choose

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

If you fork and change the algorithm it is not possible ;-)

Let's fork and stop them people destroying this coin.

Press the button!!!

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: 24core on September 18, 2014, 03:07:16 PM

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

People can easily make a pool. Wink

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

There is a simple solution now.

Close the pools by forking and regroup.

We will support you!!

Hard decision but good luck.

aloney

full member

Activity: 122

Merit: 100

Quote from: joelao95 on September 18, 2014, 02:19:47 PM

[Urgent]

We are on red alert; the network hash rate has rocketed up to 180MHs, twice of yesterday hash. If you're running many cpu miners or you're using Amazon AWS cpu miners, please let me know. You can make a newbie account and post a message here. We NEED to suppress this abnormal network behavior ASAP. PLEASE keep an eye on this thread; we may release wallets for a hard fork as soon as we can. I will propose an approach to deal with this situation, all please look through and comment what you think.

Please be attention, so far 36,632 XMG are mined, and we are targeting at > 5000,000 XMG minted during PoW-I.

i think there must be many people rent many EC2 here, i rented some servers from my friends,but not ec2

GamerMiner

member

Activity: 93

Merit: 10

Some people have 12 MHs in nonce pool. How many cpu are they using Huh

I've 70 KHs with my i7 Cry

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

If the pool owner's don't support you then take what action you need!

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Pool owners you know what to do!!!!

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: joelao95 on September 18, 2014, 02:19:47 PM

[Urgent]

We are on red alert; the network hash rate has rocketed up to 180MHs, twice of yesterday hash. If you're running many cpu miners or you're using Amazon AWS cpu miners, please let me know. You can make a newbie account and post a message here. We NEED to suppress this abnormal network behavior ASAP. PLEASE keep an eye on this thread; we may release wallets for a hard fork as soon as we can. I will propose an approach to deal with this situation, all please look through and comment what you think.

Please be attention, so far 36,632 XMG are mined, and we are targeting at > 5000,000 XMG minted during PoW-I.

Just increase the difficulty and put the brakes on!!!

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: pcshared on September 18, 2014, 02:20:38 PM

-t parameter. (-t 3 ) means use only 3 core
ok?

Where -t parametr?

Which file?

Suppose you're in windows,

Code:

minerd.exe -o stratum+tcp://pool:port -u  -p  -t

where -t 4 (-t 2, -t 1, as you wish)

guide: https://bitcointalksearch.org/topic/m.8825278

pcshared

newbie

Activity: 28

Merit: 0

-t parameter. (-t 3 ) means use only 3 core
ok?

Where -t parametr?

Which file?

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1228. (Read 2375926 times)