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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 334. (Read 2375622 times)

full member
Activity: 500
Merit: 105
Novaexchange is Online.
Good news. Happy to see this.

what about bittrex? When that wallet will be online?
legendary
Activity: 1750
Merit: 1005
Novaexchange is Online.
Good news. Happy to see this.
legendary
Activity: 1750
Merit: 1005
Hi staff,

Can you invite on slack ?

&

where is exchange for now?
- Yobit low
- maintenance bittrex
- cryptopia delisted
...

thx
Are you on slack yet or do you need an invite?


Hi 111magic

I would like an invitation Smiley

& thx all for your stats
Will send it when iam back home!🖒
Send your emailaddress pm pls
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
That's right. It sounds like this update weakened small polls pushing people to go to large pools.
Is it possible that the small pools had around 5% of the total hashrate and now 2%? (Pool42 1% of visible miners)
Over last year I see the mean blockreward was above 8 XMG.
newbie
Activity: 28
Merit: 0
Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.

Of course, though back then it used to be in average blocks of 8.

And maybe shall I recall you that it was the maintenance mode where rewards (and therefore benefits) were drastically brought down compared to before.
Now, if we look back, 15 blocks at 8 XMG is worth 120 per day while here we have 80 per day.

We actually expected the income of our miners to be four times above what it used to be during maintenance...

That is true, of course.
But compared to not finding any blocks at all is just burning clouds.

That's right. It sounds like this update weakened small polls pushing people to go to large pools.
sr. member
Activity: 438
Merit: 250
miner claim has like 59mh/s now Sad

https://poolinfo.systms.org/#pools

full member
Activity: 276
Merit: 100
That is true, of course.
But compared to not finding any blocks at all is just burning clouds.
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.
newbie
Activity: 28
Merit: 0
The only thing that I noticed, is that with current difficulty it is hard for a pool with let's say abt 500Kh - 800 Kh/s to even find 1 block.
Before the fix we could find at least 2-3 blocks a day. Now it's taking more then 1 day even to find a block. I can see few blocks, but not accepted due to new PoS / PoW rule.
And when 2 PoS blocks have past it's (pretty much) always the high hashrate pools taking the next PoW block

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day
full member
Activity: 276
Merit: 100
Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.

The only thing that I noticed, is that with current difficulty it is hard for a pool with let's say abt 500Kh - 800 Kh/s to even find 1 block.
Before the fix we could find at least 2-3 blocks a day. Now it's taking more then 1 day even to find a block. I can see few blocks, but not accepted due to new PoS / PoW rule.
And when 2 PoS blocks have past it's (pretty much) always the high hashrate pools taking the next PoW block
full member
Activity: 276
Merit: 100
Great... Lost 600 XMG was send to Nova before fork...
 Huh Cry
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
I'm starting to think that the additional Magi that came in at the start had something to do with starting Staking and the new wallet - since my staking frequency increased when I migrated onto the new version, but has dropped back again now that my weight is back to normal. I remember that the new algorithm needs PoS blocks to be intersected with PoW blocks, which could make the coin rarer - this could help keep the value of Magi nice and high =)
I'm curious if the amount of XMG mined today is more or less than, lets say a month ago.
Nowadays there are around 16 blocks mined every hour, around 600 coins.
Leading to 15k XMG every day, almost half a million every month.
I guess that's much more than before?  ( 7 million in 3 years)
Please correct me even if you only think I'm wrong.
newbie
Activity: 73
Merit: 0
We support this, we haven't been able to find as much blocks as before, even though the earning per block is above what we had, our miners earn less.
It looks like the new rule not really resulted in what was expected.
Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?
Current reward per block: 42.97. The lowest reward I saw was ~20. So not, big miners no earn less, but giant hashrate now have no dramatic effect on difficulty. Actually, we have algo hashrate limit. Now you cannt start up 50 Mh botnet and ruin reward, because POW blocks count depends on POS blocks count, generated by minor users.
legendary
Activity: 1484
Merit: 1029
Novaexchange is Online.
Great to hear - thanks for the info - tried this morning and was unable to trade =D
Hmm... trades are still disabled for me on Nova - anybody else having the same issues?
legendary
Activity: 1484
Merit: 1029
Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.
I'm starting to think that the additional Magi that came in at the start had something to do with starting Staking and the new wallet - since my staking frequency increased when I migrated onto the new version, but has dropped back again now that my weight is back to normal. I remember that the new algorithm needs PoS blocks to be intersected with PoW blocks, which could make the coin rarer - this could help keep the value of Magi nice and high =)

Not sure if trex are staking - if so then the amount of mined coins could increase
legendary
Activity: 1484
Merit: 1029
Novaexchange is Online.
Great to hear - thanks for the info - tried this morning and was unable to trade =D
newbie
Activity: 28
Merit: 0
Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?

What I meant is that on our pool (Pool42), we earn way less blocks than we used to be.
It has been 12 hours and we only earned a single block. Let's make it per day and we get 2 blocks per day.

Back then when it was on the temp fix, I used to earn between 6 & 10 XMG per day with the pool being at the same hashrate as now.
Now, I earn 4 to 5 XMG per day. This is naturally the same for our miners. We may have larger blocks, but they became rare.
member
Activity: 114
Merit: 10
life is simple!
Novaexchange is Online.
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
We support this, we haven't been able to find as much blocks as before, even though the earning per block is above what we had, our miners earn less.
It looks like the new rule not really resulted in what was expected.
Are you sure?
In the past I earned 10 XMG a day, last period less than 1 XMG a day, now I earn 15 XMG a day, with 200 Kh/s.
I guess it works perfectly, again.
Or do you mean big miners earn less after last update?
newbie
Activity: 28
Merit: 0
Well,
Only thing I can see, is that pretty much all blocks go to big hashing pools now.
To Minerclaim, Zpool, and POM

Minerclain has 50 MH/s
Zpool has 35 MH/s
and POM 16

It makes it close to impossible for pools running lower Hashrates to even find one block on new rules I'm afraid. After each PoW block we need to await 2 PoS blocks now...

We support this, we haven't been able to find as much blocks as before, even though the earning per block is above what we had, our miners earn less.
It looks like the new rule not really resulted in what was expected.
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