Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1300. (Read 2375260 times)

Good advice! Very nice to see that the Magicoin community thinks and helps to give Magicoin a good and long future.

Making the coin CPU only may have it's great advantages. Look at the PrimeCoin how successful it was for a long time, the moment GPU miner was released the coin price went to ashes. People like a fair chance to mine with what they got, and many don't have a fancy GPU cards. PrimeCoin wasn't a PoS coin like Magi, if the PoW phase of the Magi is ended before the GPU miner is produced it may drive the interest and price of the coin high, no other coin has done that.

You are transparent with what you're doing.
Developing a unique coin is more difficult than a standard coin.
We look forward to your next post and thanks for the information

I am sorting out things; will announce the plan soon (apologize for many times of saying "soon").

New POS-II maybe better than pos- I, when will launch?

Unfortunately cudaminer is not working yet; I've spent a few days on this, my mac didn't work out well initially so I used an Amazon EC2 spot instance and spent sometime too on the driver, cuda stuff. After some tests on cudaminer with complainings, I turned to ccminer. My initial thinking is that all about the block header but I was wrong; actually the block header does lead to a very different implementation of M7 using cuda. This basically means a different cuda version of M7 to be done for XMG, although we are using the same M7 as XCN, that'll be like recalculation of all the stuffs. This looks like unlikely for me to accomplish within a short time. Somehow it has been nearly two weeks since 1st testnet, and my focus was totally on the miners instead of the PoS-II. I think from now on I should place my emphasis on other stuffs. In any cases, the standalone cpuminer is ready.

Realizing the actual difference of the M7 implemented in standard block chain compared to the minichain, I think it won't be necessary to keep the same form of M7 as in XCN. An interesting thing about M7 is the use of multiplication of hashes. The multiplication is done by using GMP which allows arbitrary precision, only limited by available memory of the machine. This makes me thinking of an interesting feature to add into XMG: we can repeat many times of multiplications which literally increase the memory needed; the memory relies on the repeating times. This repeat is not just to get a pointless dataset to 'eat' memory, instead these 'huge' numbers are hashed by sha256 as the final. One of the consequence is that we can make GPU miner hard to be implemented. So it will be like tending to be a CPU coin, but I don't see any unlikely of GPU miners in the future. Another consequence is it could be memory hard (that also means not energy efficient by mining with GPU, efficiency will depend on the multiplication times), so the CPU/GPU mining could have a higher efficiency ratio compared to the pure M7, though it remains to be confirmed. It will also be possible to use varying multiplication times with time/block height etc to make GPU even harder. I am open to suggestions.

Since a few days on the miners, I will need sometime back to the coin itself; it will be assured my next update will be about the official release plan.

The AMD miner is not available, here is a CPU miner: https://github.com/magi-project/magi-minerd.

- no gpu miner for AMD yet
- for CPU mining use magi-minerd which is available here https://github.com/magi-project

joe, any news from cudaminer and official release day?

I better start testing this out so I can mine from day one. Which miner are people using for the 280x cards? Which miner are people using for CPU mining?

Will announced in following days!

how long time XMG can release?

Thanks olafwani.
Now the Italians can also read in their own language where Magicoin stands for.

I have done The Italian Thread.

https://bitcointalksearch.org/topic/--769060

Thanks

it's a great thing to have different translation of this thread, with that, XMG will reach more ppl and let them knw about this coin and the coin dev hardwork on bringing/contibuting new concept in crypto world.

Thanks and welcome!

Thank you very much
It is an honor to me to help in every crypto related project.
Specially the promising ones like Magi

New translation: Hebrew by Hustler100.
He did a very nice job! Thanks amigo.

https://bitcointalksearch.org/topic/ann-xmg-pos-ii-torm7m-cpu-768497

Had a hard time in dealing with the cudaminer testing, will work on it a while; In any cases, I will announce a schedule for the formal launch in following days.

you're right, AMD is not out yet.