[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1230.

ocminer

legendary

Activity: 2688

Merit: 1240

Quote from: 24core on September 18, 2014, 09:49:33 AM

Quote from: DarkWolf on September 18, 2014, 09:42:27 AM

I don't think we need that, I think we need a gnu miner for AMD and for Nvidia GPU's. The algorithm for Magi must just be tailored so that a gnu runs just as well as a cpu according to a returns per cost of device.

Quote from: 24core on September 18, 2014, 09:33:36 AM

I'm not maths expert but we a need a diminishing returns algorithm.

Obviously there are many challenges in this approach as you could take a powerful rig, start x number of miners, and you have got round the problem.

The fundamental problem is around how we mine with solo mining, pool mining and P2P mining.

This means there is no way of implementing a diminishing returns algorithm without impacting everyone.

As per the OP the whole point of this coin so that GPU's cannot mine this coin. At the moment there are no new CPU only coins so this coins has a good opportunity.

Problem with the GPU Miner is GMP... Its not so easy implementing this as it is for other sph lib based algos.

But time will come

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: DarkWolf on September 18, 2014, 09:42:27 AM

I don't think we need that, I think we need a gnu miner for AMD and for Nvidia GPU's. The algorithm for Magi must just be tailored so that a gnu runs just as well as a cpu according to a returns per cost of device.

Quote from: 24core on September 18, 2014, 09:33:36 AM

I'm not maths expert but we a need a diminishing returns algorithm.

Obviously there are many challenges in this approach as you could take a powerful rig, start x number of miners, and you have got round the problem.

The fundamental problem is around how we mine with solo mining, pool mining and P2P mining.

This means there is no way of implementing a diminishing returns algorithm without impacting everyone.

As per the OP the whole point of this coin so that GPU's cannot mine this coin. At the moment there are no new CPU only coins so this coins has a good opportunity.

DarkWolf

full member

Activity: 131

Merit: 100

I don't think we need that, I think we need a gnu miner for AMD and for Nvidia GPU's. The algorithm for Magi must just be tailored so that a gnu runs just as well as a cpu according to a returns per cost of device.

Quote from: 24core on September 18, 2014, 09:33:36 AM

I'm not maths expert but we a need a diminishing returns algorithm.

Obviously there are many challenges in this approach as you could take a powerful rig, start x number of miners, and you have got round the problem.

The fundamental problem is around how we mine with solo mining, pool mining and P2P mining.

This means there is no way of implementing a diminishing returns algorithm without impacting everyone.

DarkWolf

full member

Activity: 131

Merit: 100

10% apparently

Quote from: Zlush1337 on September 18, 2014, 09:33:16 AM

Quote from: DarkWolf on September 18, 2014, 09:32:20 AM

https://www.dropbox.com/s/t6k0e5up349efph/m7magi-cpuminer-master.zip?dl=0

New faster miner by nonce 9ool, compiled by Testz.

how much faster?

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: joelao95 on September 18, 2014, 09:14:11 AM

Quote from: The Frisian on September 18, 2014, 09:01:40 AM

I have the following problems with the vps description:

The command : cd ~/.magi does not work : no such file or directory.
The commands: cd ~/magi/src ./magi & do not work : no such file or directory

The command : ./autogen.sh does not work : aclocal: not found

etc, etc.

Anybody can help?

Hope you have followed the instructions here: https://bitcointalksearch.org/topic/m.8800103

The command : cd ~/.magi does not work

mkdir ~/.magi (to create a folder, then you can cd ~/.magi)

The commands: cd ~/magi/src ./magi & do not work : no such file or directory

This means you don't have source code downloaded yet. Again follow the above link, post if you have further questions.

I have compiled the wallet, no problem.
I cloned the magi-minerd, no problem. (see error on autogen.sh)
So everything is downloaded into maps magi and magi-minerd. (followed description)
What's the difference between map magi, .magi or ~/.magi, especially why use the .?

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

I'm not maths expert but we a need a diminishing returns algorithm.

Obviously there are many challenges in this approach as you could take a powerful rig, start x number of miners, and you have got round the problem.

The fundamental problem is around how we mine with solo mining, pool mining and P2P mining.

This means there is no way of implementing a diminishing returns algorithm without impacting everyone.

Zlush1337

newbie

Activity: 56

Merit: 0

Quote from: DarkWolf on September 18, 2014, 09:32:20 AM

https://www.dropbox.com/s/t6k0e5up349efph/m7magi-cpuminer-master.zip?dl=0

New faster miner by nonce 9ool, compiled by Testz.

how much faster?

DarkWolf

full member

Activity: 131

Merit: 100

https://www.dropbox.com/s/t6k0e5up349efph/m7magi-cpuminer-master.zip?dl=0

New faster miner by nonce 9ool, compiled by Testz.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: The Frisian on September 18, 2014, 09:01:40 AM

I have the following problems with the vps description:

The command : cd ~/.magi does not work : no such file or directory.
The commands: cd ~/magi/src ./magi & do not work : no such file or directory

The command : ./autogen.sh does not work : aclocal: not found

etc, etc.

Anybody can help?

Hope you have followed the instructions here: https://bitcointalksearch.org/topic/m.8800103

The command : cd ~/.magi does not work

mkdir ~/.magi (to create a folder, then you can cd ~/.magi)

The commands: cd ~/magi/src ./magi & do not work : no such file or directory

This means you don't have source code downloaded yet. Again follow the above link, post if you have further questions.

24core

sr. member

Activity: 582

Merit: 250

An Impressive Purely Anonymous Currency.

Quote from: B.T.Coin on September 18, 2014, 09:04:27 AM

Quote from: db6 on September 18, 2014, 08:57:28 AM

Quote from: B.T.Coin on September 18, 2014, 08:28:06 AM

Quote from: db6 on September 18, 2014, 08:21:50 AM

Sadly I don't think XMG coin is going to work for us 'little guys'. I have only mined 15 XMG (starting 2 hours after launch) using Windows wallet on an i3.

Reading about the way it was going to be non-GPU and fair for people without expensive rigs or botnets got me excited and encouraged me to try mining for the first time, but as we can see some people seem to have already figured a way around this just before the big rewards come in.

Such a shame as community seems great. I will watch dev commments closely in next few hours to see if any resolution to these problems otherwise I think you are going to lose your intended miners to the usual whales.

If you sell your 15 XMG at the current rate, you still get 0.01 BTC
Although this is not a lot of money, what other coin will get you that on a single i3 in less than 2 days?

There will never be a coin for 'little guys' since the big farms and rented servers will jump on everything that's profitable. Nothing this dev or any other dev can change about that.

Thanks for responding. This is my first time mining, its just that I was reading in this thread about how the algo should negate the advantages of all these large rigs and/or botnets.
Perhaps I was having unrealistic expectations is 15 XMG about the right ratio for a single i3? Perhaps I should join a pool now the difficulty is so high or will my puny 20k hashrate be negligible there also?

When you have a small hashrate (relative to the whole network), I think it's wise to join a pool to get a more consistent payout.
It's always possible that you will find a block when solo-mining but with the current difficulty it can take weeks or months before you find one.

I agree and even my dual Xeon server is now mining on the Nonce-Pool.

My laptop it also mining on the pool and you can get a steady income.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: db6 on September 18, 2014, 08:21:50 AM

Sadly I don't think XMG coin is going to work for us 'little guys'. I have only mined 15 XMG (starting 2 hours after launch) using Windows wallet on an i3.

Reading about the way it was going to be non-GPU and fair for people without expensive rigs or botnets got me excited and encouraged me to try mining for the first time, but as we can see some people seem to have already figured a way around this just before the big rewards come in.

Such a shame as community seems great. I will watch dev commments closely in next few hours to see if any resolution to these problems otherwise I think you are going to lose your intended miners to the usual whales.

Firstly thanks for mining XMG. I've been thinking about this issue all the time since noticed big hash came into net yesterday; even without the GPU issues, MHps big miners are a concern. Look for my posts later today (night EST); I may have something to (partially) solve the concern.

B.T.Coin

sr. member

Activity: 332

Merit: 250

Quote from: db6 on September 18, 2014, 08:57:28 AM

Quote from: B.T.Coin on September 18, 2014, 08:28:06 AM

Quote from: db6 on September 18, 2014, 08:21:50 AM

Sadly I don't think XMG coin is going to work for us 'little guys'. I have only mined 15 XMG (starting 2 hours after launch) using Windows wallet on an i3.

Reading about the way it was going to be non-GPU and fair for people without expensive rigs or botnets got me excited and encouraged me to try mining for the first time, but as we can see some people seem to have already figured a way around this just before the big rewards come in.

Such a shame as community seems great. I will watch dev commments closely in next few hours to see if any resolution to these problems otherwise I think you are going to lose your intended miners to the usual whales.

If you sell your 15 XMG at the current rate, you still get 0.01 BTC
Although this is not a lot of money, what other coin will get you that on a single i3 in less than 2 days?

There will never be a coin for 'little guys' since the big farms and rented servers will jump on everything that's profitable. Nothing this dev or any other dev can change about that.

Thanks for responding. This is my first time mining, its just that I was reading in this thread about how the algo should negate the advantages of all these large rigs and/or botnets.
Perhaps I was having unrealistic expectations is 15 XMG about the right ratio for a single i3? Perhaps I should join a pool now the difficulty is so high or will my puny 20k hashrate be negligible there also?

When you have a small hashrate (relative to the whole network), I think it's wise to join a pool to get a more consistent payout.
It's always possible that you will find a block when solo-mining but with the current difficulty it can take weeks or months before you find one.

valta4065

hero member

Activity: 826

Merit: 500

Join @Bountycloud for the best bounties!

I tried mining this with wallet for hrs and no luck and no cpu miner ready for 32 bit machine, oh well I have plenty others to mine.

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

I have the following problems with the vps description:

The command : cd ~/.magi does not work : no such file or directory.
The commands: cd ~/magi/src ./magi & do not work : no such file or directory

The command : ./autogen.sh does not work : aclocal: not found

etc, etc.

Anybody can help?

db6

newbie

Activity: 11

Merit: 0

Quote from: B.T.Coin on September 18, 2014, 08:28:06 AM

Quote from: db6 on September 18, 2014, 08:21:50 AM

Sadly I don't think XMG coin is going to work for us 'little guys'. I have only mined 15 XMG (starting 2 hours after launch) using Windows wallet on an i3.

Reading about the way it was going to be non-GPU and fair for people without expensive rigs or botnets got me excited and encouraged me to try mining for the first time, but as we can see some people seem to have already figured a way around this just before the big rewards come in.

Such a shame as community seems great. I will watch dev commments closely in next few hours to see if any resolution to these problems otherwise I think you are going to lose your intended miners to the usual whales.

If you sell your 15 XMG at the current rate, you still get 0.01 BTC
Although this is not a lot of money, what other coin will get you that on a single i3 in less than 2 days?

There will never be a coin for 'little guys' since the big farms and rented servers will jump on everything that's profitable. Nothing this dev or any other dev can change about that.

Thanks for responding. This is my first time mining, its just that I was reading in this thread about how the algo should negate the advantages of all these large rigs and/or botnets.
Perhaps I was having unrealistic expectations is 15 XMG about the right ratio for a single i3? Perhaps I should join a pool now the difficulty is so high or will my puny 20k hashrate be negligible there also?

Zlush1337

newbie

Activity: 56

Merit: 0

come irc

Bojcha

hero member

Activity: 848

Merit: 500

Quote from: MarcusDe on September 18, 2014, 08:31:13 AM

https://github.com/noncepool/m7magi-cpuminer

New miner from nonce pool!

who can compile?

111magic

legendary

Activity: 1750

Merit: 1005

XMG Hello friends,

Out of interest and because I can not mine at the moment (too busy with XMG marketing plans) the following:
Everything works at the moment? Windows, Linux and Ubuntu?
How many miners are currently working?
I have read a number of ideas in the thread regarding the future plans for XMG.
If there are from more good ideas from the community ideas let me know.
Send me a PM or post it in the thread.
FYI the current price of XMG is pretty stable.
Advice do not sell to low. (unless you really need it)
More information will follow.

MarcusDe

hero member

Activity: 796

Merit: 505

https://github.com/noncepool/m7magi-cpuminer

New miner from nonce pool!

its 10% up indeed! :-)

thx and gl!

B.T.Coin

sr. member

Activity: 332

Merit: 250

Quote from: db6 on September 18, 2014, 08:21:50 AM

Sadly I don't think XMG coin is going to work for us 'little guys'. I have only mined 15 XMG (starting 2 hours after launch) using Windows wallet on an i3.

Reading about the way it was going to be non-GPU and fair for people without expensive rigs or botnets got me excited and encouraged me to try mining for the first time, but as we can see some people seem to have already figured a way around this just before the big rewards come in.

Such a shame as community seems great. I will watch dev commments closely in next few hours to see if any resolution to these problems otherwise I think you are going to lose your intended miners to the usual whales.

If you sell your 15 XMG at the current rate, you still get 0.01 BTC
Although this is not a lot of money, what other coin will get you that on a single i3 in less than 2 days?

There will never be a coin for 'little guys' since the big farms and rented servers will jump on everything that's profitable. Nothing this dev or any other dev can change about that.

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1230. (Read 2375926 times)