Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 329. (Read 2375939 times)

Lol

Well, the total supply newly mined after last month of not selling, is around 120.000 XMG.
See : https://chainz.cryptoid.info/xmg/#!overview
At least 1000 people mined last month, meaning 120 XMG for everyone.
Most people expect price raise, so they don't sell, I guess.

Then i see this on trasmamod and i start to wonder did we just fork again?

2,086.57%

Of Expected Shares

Hmm thought value would drop after exchanges are back online.

Anybody to contact Suprnova?
I like them because of the low transaction fee, so I can make small payouts. 0,1 on minerclaim is just to high compared to 0,01 on Suprnova.

Hi.

Low range CPU: kh/s?                
Better range CPU: kh/s?              
High range CPU: kh/s?                

Nice. i had no idea if they are too old they dont stake. Thats a great tip. I have sent it to a new address. Lets see how it goes

Cheers for your help

There are a few raised concern regarding the new wallet, but I'll keep a rely to all here.

The big rewards does sound coming out the way that appears uncommon. Following my prior post about overhash things, additionally I do need to reassure we're going the right direction. We need a reasonable hashrate estimate, and the PoW / PoS rule has been going the way affecting how difficulty is being adjusted. I'll need a better handling, or put it the way being trivial to the block time.

At this moment I wouldn't agree with the conclusion based on what we thought; there are no special things that rule out the smaller pools except this first thing came out with the big rewards. Anyways, let me give updates on the correct network hashrate calculation and how to take actions on correcting the block reward likely in this weekend (need get my work stuffs sorted out as the first high priority).

Here what we have regarding the mining; the pools with higher hashrate have the higher probability of finding blocks, or can find more blocks than the smaller scale pools; those blocks found include those accepted and rejected (PoW general rule). This means when smaller pool gets blocks rejected; the big pools should get even more blocks rejected; doesn't make sense the other way around.

There are causes like the big miners coming along that would lead to difficulties in finding blocks; this can be reasonable since the block reward gets high, and also we get back on normal functions with more open pools (like zpool is up but not in the maintenance mode).

Edit: Just spotted the block rewards drop down to ~2 XMG; will check on the things anyways. I also suggest pools monitor the blocks to get some average values over days. Feel free to post here what you get.

Best to have at least 50-100 coins in your wallet to stake (better >1000) - also if your coins have been in your wallet for too long they may be too old to stake (weight reduces with age), if you send your coins back to yourself you'll reset the age. From then it should take around 8 hours. The more blocks you have to stake, the higher chance you have of a block being picked which is why I recommend around 1000XMG.

Hope that helps.

Hello fellow miners !

These last days we've been asking you your opinion regarding the hashrate limit in place, if we should remove it or not.
After having discussed with you all who decided to take the poll with us, exchanging your ideas and eventually the pros and cons,
it appeared that most of you were not really in favor of a hashrate limit removal, but more about a hashrate limit increase.

This is the reason why the pool hashrate limit will now be increased from 300 KH/s to 600 KH/s this way allowing medium-end
miners to come in while keeping large botnets out of the pool. This way, we hope to be able to counterbalance large pools such
as Minerclaim & Zpool in an effort to extract a decent amount of blocks per day as we used to.

We thank you all for taking part in this poll, and thank you for the constructive exchanges we have been able to have with you.
The new limit is effective from now on. Please note the tolerance of 15% is still effective.

Happy mining,
Regards.

When you say 'too old' can you please provide an indicative number of days? I have never managed to stake.

Best to have at least 50-100 coins in your wallet to stake (better >1000) - also if your coins have been in your wallet for too long they may be too old to stake (weight reduces with age), if you send your coins back to yourself you'll reset the age. From then it should take around 8 hours. The more blocks you have to stake, the higher chance you have of a block being picked which is why I recommend around 1000XMG.

Hope that helps.

Did anybody transfer yet anything into trex yet?

Good going community. I updated the chain and wallet

had a question though: how long does it take to stake. My wallet keeps saying i dont have enough weight and last time it was open for a week at least.

Cheers