Whatever you might say, at this rate it becomes pointless for small miners; I really like this coin and I've been involved since the first day, but things have changed a lot ever since... I've tried mining it for a day with ~400kh/s and all i got is 0.28xmg , so i guess it's really time to move on...
Any suggestion for a good CPU coin ??
Well it's pointless for the whales at this reward level too... right?!
Whales are not going to waste hashes on super small rewards for very long. It would make a lot more money for a whale to switch to Monero at this point. And it will happen. Be patient.
...You would think this would be the case, but history proves otherwise. We've had the whales interrupting the reward system for well over a year now, they never left but they did appear to implement a script that allowed automatic changing of hash rates and gamed the difficulty system so they are the only ones profiting. Give it a few days and you'll see it begin again.
Solutions offered up so far of limiting hash rate on the pools can be implemented but will not work because that does not control the global hash rate which is the determining factor. It only takes ONE large whale solo mining or using their own private pool to completely circumvent this limit and fully manipulate the hash rate and reward system.
Magi has been limited to CPU mining for the majority of us, but there are rumors that a GPU miner or possibly an ASIC miner has been available for quite some time, I would not doubt this is true but I have no evidence of this so don't ask me, it's just a rumor afaik. But botnets are permitted and can't be prevented - results are the same.
Unless some sort of hash rate restriction / rule can be implemented into the wallet - likely a major rewrite of the code - then my only suggestion going forward would be to go "green" and remove POW and just make this a POS coin. The purpose of this coin was to be fair and available to all - that's been ruined by a few people - but could we fix this by going full POS with the side effect of being more environmentally friendly?
I've been mining and buying Magi from the beginning, collected quite a few coins over the years, and have been a strong supporter but this is a crossroad and I would really like to see some progress towards making this coin useful in the real world. And, considering the issues we've been through this last 12 months with 2 major network outages and the mining rewards are still being manipulated, I took advantage of the rather large Pump last week and unloaded my supply. I believe the prices will drop back to what they were, and I'd love to get back in at that time if the above issues have been resolved.
What do you guys think? Is the Proof of Stake only option a viable alternative?
Such friendly, much magic. 
