[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1310.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: truckythin on August 18, 2014, 10:42:01 PM

also it need libboost 1.54 instead of 1.55? how can it run on my pc if i have boost 1.55?
what is db version needed?

may need to install 1.54 as linux requires library match; db is 5.1. Which linux version you're using, option is I compile a wallet for the system you're using, that way you won't need to change libraries that may cause dependency issues.

truckythin

hero member

Activity: 781

Merit: 501

also it need libboost 1.54 instead of 1.55? how can it run on my pc if i have boost 1.55?
what is db version needed?

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: truckythin on August 18, 2014, 10:35:03 PM

why reward is sometime 10, sometime 100 per block?

I should put some numbers; 100 is for testnet in order to have some coins to paly; 10 (odd block number) is a mimic of the mainnet, a value particularly for this low diff, which grows up to 500 when diff hits 150.

truckythin

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Activity: 781

Merit: 501

why reward is sometime 10, sometime 100 per block?

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

XMG wallets for windows and linux were uploaded here:

~~http://cryptomagic.com/files/magi-release/~~
(downloads currently removed until we fix an issue)
(https://bitcointalksearch.org/topic/m.8463488)

NOTE: They only work on the testnet. I'd like to collect feedbacks. If everything goes smoothly, we can set up a launch time then. You won't be able to run the wallet without setting the testnet mode, that can be done through magi.conf. The default folder having this file is: %appdata%\magi (windows) or ~/.magi (linux) (sorry we don't have the mac wallet yet). magi.conf should contain this line:

Quote

testnet=1

You may also need:

Quote

daemon=1
server=1
rpcallowip=127.0.0.1
rpcuser=rpcuser
rpcpassword=rpcpass

Once conf file is given in the right place, the wallet should be running on the testnet. Go to menu Help -> Debug window -> Console, run

Quote

setgenerate true 1

to mine coins ("1" is for 1 cpu core). We will update standalone miner asap. Please request wallets for the operating systems not available yet, I will compile that, going forward, to assure all wallets available at the launch.

About 2400 blocks were minted in the testnet so far; I've done that for various tests. Issues I've got are the network sync which was proven to be the access of money supply once blocks were minted during PoS. It's about the new PoS mechanism. A few linux boxes were set up for tests, some of which had mining enabled and thus the PoS. The blocks minted were sent for verification, for some reason some of them were two more ahead of the boxes being received, that makes inaccessible to the money supply and messed up PoS block processing. All look fine to me now, will need more confirmations on this.

The PoW mining can be done through the Console command: setgenerate true, or setgenerate true 1 (if you want to invest 1 CPU core only so that the computer won't slow down much). My primary interest is not about the M7 PoW part as to this test, but on the PoS. Let me know any questions/issues you have. If you got PoS earnings, appreciated if you can tell me how many coins are in stake, when and the amount you get the stake. I can send you some coins if you need that for test.

[Testnet] XMG wallets for windows and linux downloads:

http://cryptomagic.com/files/magi-release/

To run the wallet, testnet mode must be set. This can be done through the conf file: magi.conf. The default folder having this file is: %appdata%\magi (windows) or ~/.magi (linux) (sorry we don't have the mac wallet yet). magi.conf should contain this line:

Quote

testnet=1

You may also need:

Quote

daemon=1
server=1
rpcallowip=127.0.0.1
rpcuser=rpcuser
rpcpassword=rpcpass

Once conf file is given in the right place, the wallet should be running on the testnet. Go to menu Help -> Debug window -> Console, run

Quote

setgenerate true 1

to mine coins ("1" is for 1 cpu core). We will update standalone miner asap. Please request wallets for the operating systems not available yet, I will compile that, going forward, to assure all wallets available at the launch.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: Hix on August 18, 2014, 02:16:37 PM

Quote from: joelao95 on August 18, 2014, 09:48:41 AM

Quote from: djm34 on August 18, 2014, 04:18:44 AM

Quote from: joelao95 on August 18, 2014, 04:10:13 AM

The wallet is basically ready, will update (stayed up all night, Sad

)

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

Bad news

I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.

You're right, and in fact any algo cannot resist GPU and ASIC, just timing issue. So cryptonite is basically mined by cuda miner a lot and probably AMD miner will be out soon. The reason we use M7 is that we consider it's a safe algo. Here is what we're goning to do to "resist" GPU.

# diff dependent rewards, some figures will be published and I will be open to suggestions to modify these numbers further, in order to reach a level that GPU mining is not that profitable by comparing mining XMG with mining other coins

# will try to implement block rewards reduction with high diff impact which goes into PoS

# mining favors small hashrate miners is in our consideration

We have few more ideas, but cannot implement all at this time, we do try to improve these by the time, and hopefully.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: IMJim on August 18, 2014, 02:40:08 PM

Quote from: 111magic on August 18, 2014, 02:25:55 PM

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

The value of different currencies is only determined by what someone is willing to pay. It is ALL speculative in crypto......at least that is how it is now. The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.

Thanks for the explanation!

IMJim

legendary

Activity: 1260

Merit: 1000

Quote from: 111magic on August 18, 2014, 02:25:55 PM

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

The value of different currencies is only determined by what someone is willing to pay. It is ALL speculative in crypto......at least that is how it is now. The exchanges or whales for that matter may influence values at times, but their actions in doing so are only to influence speculation, not the real world value of a coin.

111magic

legendary

Activity: 1750

Merit: 1005

Let's hope that does not happen.
If the communty is strong enough problems can be solved well.
What I'm curious about is how the value of a currency is determined.
Is that the exchanges that determine the value of a coin? Or something else?

Hix

legendary

Activity: 1971

Merit: 1036

Quote from: joelao95 on August 18, 2014, 09:48:41 AM

Quote from: djm34 on August 18, 2014, 04:18:44 AM

Quote from: joelao95 on August 18, 2014, 04:10:13 AM

The wallet is basically ready, will update (stayed up all night, Sad

)

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

Bad news

I think private cuda miner based on cryptonite cuda miner quite very fast and raped this coin.

go6ooo1212

legendary

Activity: 1512

Merit: 1000

quarkchain.io

Hmm, interesting .. I want to participate on testnet

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

I will also give detail answers to prior questions when I have more time to be here.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: djm34 on August 18, 2014, 04:18:44 AM

Quote from: joelao95 on August 18, 2014, 04:10:13 AM

The wallet is basically ready, will update (stayed up all night, Sad

)

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

Let me release the testnet wallet by end of today. It would be a good idea to decide the launch time after seeing how the wallet is doing in testnet. Initially I thought Magi was good to go, but I just got a sync issue right before the initial scheduled launch time. That was actually due to the new PoS feature. Because of this, I'd like get more tests and feedbacks from you too. After that we will decide a time for the launch (hopefully this week). Magi is based on standard block chain, not the minichain; the miners for cryptonite won't work, will make sure a miner (CPU) is up before the launch.

111magic

legendary

Activity: 1750

Merit: 1005

Good work

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: joelao95 on August 18, 2014, 04:10:13 AM

The wallet is basically ready, will update (stayed up all night, Sad

)

so can you just tell us when you will release it ?
Pleeeeasssssssssssse an ETA

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

The wallet is basically ready, will update (stayed up all night, Sad

)

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: SnjafSnjaf on August 17, 2014, 05:00:08 PM

Quote from: djm34 on August 17, 2014, 04:51:03 PM

Quote from: 111magic on August 17, 2014, 03:42:05 PM

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?

I haven't had time to look into opencl implementation of xcn

SnjafSnjaf

sr. member

Activity: 308

Merit: 250

Quote from: djm34 on August 17, 2014, 04:51:03 PM

Quote from: 111magic on August 17, 2014, 03:42:05 PM

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

+1

Thou, you compiled AMD miner for XCN?

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: 111magic on August 17, 2014, 03:42:05 PM

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

an ETA would still be nice no matter what...

111magic

legendary

Activity: 1750

Merit: 1005

I follow Magicoin from the beginning (April).
I know the developer is working for months to innovate and improve Magicoin.
I hope he's coming with good news soon. He earns the trust of the community.
I say; take the time you need. After all these months it is not a problem if it takes a few days longer.

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1310. (Read 2375711 times)