2.1MH/s whale sitting in m-hash
*sigh*
The spike in magi's value brought a lot of new blood to the platform ... sadly, those individuals aren't able to read, or just refuse to do so. I understand the premise behind Magi, but if there is no way to enforce a speed limit then, by definition, there isn't a speed limit. I don't see why they just don't hardcode it into the platform that any shares from an account producing more than 400 kH/s are automatically forked into the ether. If you get zero, you'll be less likely to break rules.
Right now, these people know they can just pound the network like crazy, get the majority of what small amount falls out of the block, and still makes WAY more than the typical miner. Now, correct me if I am wrong, but the sweet spot refers to total network hashpower, meaning all the pools and solo miners combined. Which means the fact that Suprnova has the right not to have limits only serves to ruin all the other pool's payouts, even if they do abide by speed limits to optimize payouts. That isn't eco-friendly/equal by design, it is eco-friendly/equal in ideology only. It's like the ozone layer and CFCs, if you only ASK people to stop using CFCs and it's more profitable to ignore those rules, they do and will. There has to be some kind of penalty or freeze out, otherwise mining is only equal in spirit, not reality.
Kind of sours me on mining XMG altogether now, because it just isn't equal in application. Which, honestly, is really the only thing that sets Magi apart at this point.
I think we give it a week or so. If the energy used by the Mh/s whales is coming out of their pockets, it will become obvious that their mining is not profitable and they will leave or reduce their rate. 9 Mh/s is equal to 70-150 modern computers and their electricity cost to run is not negligible, probably between 30-100 USD depending on where they live and assuming each computer is using 100W --> 240 kWh/day. There was a post here earlier about some person spending $6.30/day or some amount like this, and that the person would leave since the mining is not profitable. For that person, they are probably using 20-40 kWh/day, which simply a huge unsustainable amount, as if the person is running 5-15 large computers for the sole purpose of mining. The nature of Magi is to irritate this person! I am running Magi on my 70W machine that I use for other purpose; the cost of this is about $0.24/day and it would be so even if I weren't mining. I believe the correction will slowly occur on its own.
If the whales are getting free energy, though, it gets more complicated. That is when there would be problem.
