Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 377. (Read 2375972 times)

This is a valid point that I have suggested fixes for a couple times now.

Please answer this dev or assistants:

WHY DOES THE GLOBAL HASHING RATE CONTROL THE INDIVIDUAL POOL REWARDS?!

This is a HUGE vulnerability for hackers/powerminers/speed demons to abuse the network to prevent everyone from getting fair rewards.

The math should be calculated at the POOL LEVEL so that only individual POOLS lose their block reward down to minimum so the people who are mining this coin correctly as it is originally intended to be mined, can do so without having to lose their block rewards NETWORK WIDE because of private pool mining and private solo mining in pools.

This is big enough of an issue, I will refer to it as a bug from now on.  It's a buggy feature that the entire global speed controls what the individual pools get.

If a pool is mining correctly at low total hash, then it should be getting normal rewards....while the pool mining with high hash, should be dropped in reward to 0.1 so there is no way that the abusers and hackers and excess hash miners out here who are clueless about how to work as a team and only out for themselves have NO INFLUENCE on the pools that are mining correctly.

Did you guys notice that Bittrex changed the MAGI COIN icon to a bitcoin icon default image?

Enoch

Yeah, I hope it hasn't been too long. It would be a damn shame for XMG to be lost forever. There goes the only CPU coin worth more than a few pennies.

cryptopia xmg market closing! does the cryptopia's xmg market work in the future? on bittrex xmg wallet still offline.

When the exchangers do update wallets,  i think it can't be its left too long time  

Here here! I'm drinking a Blue Moon right now and I'm going to buy Joe one... As soon as we can get XMG back on Exchanges. I have 1,000 of these burning a hole in my wallet. Thank God I have a backup of wallet.dat


HA!

I take it you guys have been at this for a while? 

AMEN brotha I've been askin myself that too

Saturday afternoon, relaxing with a good beer, and asking myself: why not just junk the POW?

Actually i like the concept of how high hash would lower the reward of mining. It may not be perfect but it is a step towards trying to decentralize they coin by at least trying to dissuade big mining farms. Again not perfect but how many coins have tried to exercise to dissuade mining farms. I see plenty of people complaining but never really giving an alternative solution except 1 who wants pure POS. Though id like to keep the mining part just needs a little tweaking.

Personally i would remove the delay in reward change to immediate instead of slow changes per block. This way if a big mining farm jumps in he will get a good reward for a block then poof 0.1 coins on the next block. if hes unlucky and did not get the block then he cries. Or better yet put an emergency block reward penalty when hash suddenly increases by 50% from the last block that way it would be harder to manipulate. I think this is possible since Bitcoin cash implemented an emergency difficulty adjustment in their code.

Lastly about pools with rules. Hey if you dont like them dont use em make your own if you know how to make em. If you cant make em then move to somewhere else. If all of them have same rules solo farm. Its their rules as long as they do not cheat you then they have the right to implement anything they stipulate. Besides the hash limit has always been the heart of magi coin. Pools who have this rules and enforce them just support what magi truly stands for.

So many other coins out there. If you dont like what magi has to offer pick another coin. Dont waste trying to make this coin in your image because it is the developers image and roadmap that is going to be followed. Better yet if you can make your own pool why not make your own coin while your at it. Your coin your rules.

ok. noted. ty

Look at the same screen now, what does it says?
That's more realistic.



So with around 200 Kh/s you should expect between 1 or 2 XMG a day.

just wondering what if there is something wrong with this

first column is hashrate, second column is expected XMG, third column is equivalent in btc a day

i meant i am getting only 10% of expected XMG in a day, if the expectation is like 50-70% -ish, i can understand because of fluctuation, but getting like 10% only is way too low.

https://ibb.co/h6cqRv


 

I always use coin control to split all into blocks of 1000 XMG.
You should say, with the 500 block maturity the blocks are older before getting to stake again, so more weight.
Maybe there it goes wrong, after certain time/days the weight start lowering.
I don't know how it was before, but now max. confirmations of my coins are around 2000, before staking again.

This probably isn't what your seeing, however, I'd noticed before that my block size seemed to have some effect on my staking rewards - when by block size was  50, I didn't gain very much (maybe due to lower weight per block), when I moved to 1000 block size, I received somewhere around the reward I was expecting. I only did that just before all the changes - so didn't get a chance to gauge what the income was - but feels around the same for me. Did you keep the same block size?

I think there are less people staking now (the exchanges certainly wont be - if they were staking before), a number of people are not on the chain or are running an old wallet still which could be partially the reason why the network weight has dropped. I wonder if there is some correlation between network weight and total rewards.

I also wonder if the 500 block maturity time is meaning its taking longer to stake which is reducing the rewards - this would also be impacted by less wallets being connected to the network, maybe blocks are staked less frequently (not sure if a block is staked every x minutes, or if it relates to the total weight on the pool)

I trust you already checked coin control, and your blocks are young.

Thanks - I didn't spot my GPU/CPU typo LOL

Nice, I've been with magi almost the hole time, think it's around 3 years soon for me.

Fun to look at old tx, still mining but at a pool now. my i7-3770 doesn't stand a chance of solomining - not effective at least

Trading is a nice thing, but kinda want the fixes so I can start getting some coins to my wallet and stake

Anyone who knows how to increase your stake weight?
Before the problems I had a much greater stake weight and staking reward. (it halves)
After the fork, with same amount of coins and same blocksize, my stake weight is much lower.
But also the network weight, in percentage it remains the same. (20%)
Joe said it would be 30% higher in this period, until now it's 50% lower.
Earlier, 1 XMG per 10K every day, now 1 XMG per 20K.

Alright. Thought you where bashing magi team for how pools are running.

yah very likely  theres a gpu miner

Interesting =) so its pretty likely that there is a XMG CPU miner somewhere out there