Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 331. (Read 2375622 times)

Hi joelao95

it's ok since yesterday
meeting on slack

Here is the one I recommend to use:

http://slack.m-core.org/

Minerclaim you play with the diff pool ?? Stop please
currently we lose a lot of money ..
5.262Kh/s = 0.0068/ 0.0042 Btc/day  Oo

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.

edward0181, could you confirm this? and see if that can be restored there at Nova. As long as you're not sending coins to an address existing in the forked chain, they are still there either your wallet or Nova. PM me when you confirm this is loss.

Why? Current price ~$0.24 was half-year ago and I see no one fundamental reason for dramatic increasing. Do you talk about value drop after massive sells?

http://xmg.luckypool.ml/index.php?page=statistics&action=blocks

Found 3 blocks after wallet update. Latest found block is 1484921.

Welcome to join the NOMP pool with
port 3333 for Low range CPU, Starting Difficulty: 4,
port 3332 for Better range CPU, Starting Difficulty: 32
port 3256 for High range CPU, Fixed Difficulty: 256   (can be changed by request)

Happy mining!

you know im joking right, coz its a bad thing to sell them now

May sell some to cover the server cost. Need to wait 520 confirmation. 

yes sell them

Thank you. Yes, we know about that, will check what we can do.

We will set up a few more stratum servers as soon as possible, currently I don't have any ETA when we are done. Will let you know!

Nice to see that Bittrex is already up again!

Time to sell 

Me too!!!

Very good news! Magi is back on the right track!

During maintenance the reward was unusually high per miner as well but low as a total for the network. It was high per miner because there were less competition since only those who were diligent to stay on the right chain got the proper reward. The current fix needs to be tweaked. I wont say its broken i just think it needs to be tweak properly and it would work as well as our previous rules. Wont solve those miners who will come and go when profits are high or low.

Im sure Joe is already figuring out his math so lets just give him some time to hash it on natural computer sitting inside his head. :p

greatttttttt !!!!!!!

As i said we need something to curb big miners who are only mining for short term profit. A randomizer might do the trick. That way multipools like zpool wouldnt push much hashrate to XMG because of profitability too much. Ive been in zpool and im one of those who had autoswitch on. I didnt know about magi then. Regarding minerclaim and other pools. Its a lot of effort to enforce hash rate limit and frankly they profit from miners if they make miners unhappy by banning them they lose a lot of money.

If you are really supporting XMG as a miner i suggest select a smaller pool to balance the hashrate. Maybe not the really small pools right now since the hashrate is crazy. But avoid allowing a single or 2 pools to dominate 70% of the hashrate. It makes the network centralized at that point.

bittrex wallet is online now WoW 

After 512 confirmations

How fast my "staked" coins becomes available again?