Every thing has two sides, and here's how i think they operate.
When block reward is ~10xmg, they accumulate as much as they can. When they are ready to offload their earnings from mining, they give full power. This will lower block reward but also and more important, it will increase the demand for magi since it's easier to buy then to mine in that case. This in turn causes the price to go up. When they think the price is good enough, they sell and get's back to normal mining.
They can't do that now because of exchanges have their wallets in maintenance mode and not allowing transfer of xmg to exchanges. So now is actually a pretty good time to create a high demand of xmg then to create a high supply of magi.
It's what i'm thinking.
And nothing you can do. Rules written by the victors. You have only two variants - play this game or not. Silly to blame miners because of magi alghorithm.
Well, you are wrong there. Information can always be given. It's matter of you listen or not.
But on the bigger picture, no - I can't do a thing but give information.
Why are you against magi?
I'm not against magi, in this case I wouldn't be here. I against moronic "Gods" with moronic rules, who tries to "fix" magi "features" with administrative pressure. Do you want petty tyranny reputation for magi? I'm not.
Currently, magi have a great balance - botnets have no advantages over home users. With 10 Mh you have not 100x coins over home user with 100kh - all have nothing. So, big miners cannt mine everyday with full power. Here is "swing", but it's better situation then (for example) bitcoin - 5% buy Radeons - and CPU mining died, 5% buy asic - and Radeon's mining died. Botnet can increase difficulty to 4 or even 10, but botnet admin will have nothing. All have nothing. But in long-term perspective everyone can mine coins, because nobody wants to lose, botnet owners too.
It will be mich more interesting to put info about hashrate/reward to every pool. And ask home users (with hashrate <200k) do not stop mining even with zero profit. The only way we can defeat the botnets.
In that case, I can tell you magi team is not god, they listen more then you think to all of the community members. They are not trying to "fix magi features". At this point all the team is putting it's efforts into is fixing the problem that made the chain fork. No more No less.
In the case you are talking about affects all coins, not just magi. First there was cpu, then gpu and then asics (i'm ofc talking about bitcoin here in this case). I remember when I started with cryptocurrency back in 2011.
And the last is just what we all been saying, information. Pool owners knows this, most community members knows this too (or at least those i'm aware of). And with that we are back at giving information, the most powerful tool we have.
So in the bottom line, you want magi to be successful, spread the word. Inform people of the benefits. Tell the average home user that they can mine with their computer. Tell them about the community we actually have here and how we stay strong in these times or anytime.
