[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 394.

Flapmin

sr. member

Activity: 532

Merit: 251

Quote from: Pyroboby7 on August 27, 2017, 12:55:54 PM

Quote from: Flapmin on August 27, 2017, 12:27:32 PM

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

looks to be an attempt at better distobution also please note the 8 hr maturity on coins change
witch i fully agree with i had already changed to 8 hrs on flaps

flaps?

indeed I am flapmin.
We fixed the flappycoin network several months ago to restore everyones flappycoin
we had to disable the pos side to jump start it ... yes your old flappycoin dats still work
after a few months of tinkering we decided the wallet would never be stable enough to run POS
since then we have been working on a m7m pow/pos replacement for flappycoin.. FLAPS
for lots of reasons .. we will be swapping the entire 10 billion theoretical flappycoins to
10 million total supply of FLAPS the flappycoin chain will be used for wallet development at that point
We chose this coin too work with because it solves multiple problems
1 Stable POS Platform
2 asic resistant
3 with the swap we are deflating the flappycoin chain
4 Hard to bully a bunch of coins out of the chain

I find it ironic that the problems im reading here and the complaints are exactly the reason
that have drawn our team to this coin in the first place. its actually really neat.

akuci

full member

Activity: 226

Merit: 100

Ok, I'm giving up. I wish you all happy mining and a lot of XMG.

pmsk

newbie

Activity: 73

Merit: 0

Quote from: oxothuk on August 27, 2017, 12:23:08 PM

Quote from: akuci on August 27, 2017, 12:13:09 PM

I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.

Seems only u do not understand what we are speak about.

will try to explain

for example:

hash net "limit" 20Mh block reward (40) , after 20 block reward (0)
now used 19Mh... and bighash guy with another 20 Mh come here..
You suggest him use only 1Mh and get 1/20 (only 5% ) of revenue. but he have 20mh..
he add ~2Mh , and reward drop to 0... after some time most of miners leave... and he start his 20Mh
and get almost 100% of block reward for some time, not 5%
of course this is extreme values, in fact not all leaves, but it can be easy script who monitor network and switch power depends of situation.

Quote from: akuci on August 27, 2017, 12:16:19 PM

I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.

It is one of way to avoid porblem with big hashrate.. fix reward. But in this case difficulty should raise after some time.

Forget, you're arguing with low-powered greedies. "We have 1-2 Celerons, but we want to have more, more money! 50, not - 100 XMR daily! So ban all high-powered miners and we get all their coins!".

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: Pyroboby7 on August 27, 2017, 12:55:54 PM

Quote from: Flapmin on August 27, 2017, 12:27:32 PM

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

looks to be an attempt at better distobution also please note the 8 hr maturity on coins change
witch i fully agree with i had already changed to 8 hrs on flaps

flaps?

alot of magi flaps?

Lightsplasher

sr. member

Activity: 371

Merit: 250

Quote from: kamarul.jutawan on August 27, 2017, 11:37:14 AM

i have the latest wallet 1.4.3.0 , but it wont update blocks even i updated the conf file

listen=1
connect=104.128.225.215

daemon=1
server=1
rpcport=8232
rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=x

the blocks remains at 1453068. its been 2 days and not updating not even 1 block. anything i did wrong?

thank you

I have listen=0 but I'm not sure that would cause an issue.
I would restore from the latest block chain posted by the dev and try to sync again. The wallet is currently working well for me. Once you are on the right chain I would change "connect" to "addnode" so you can get additional peers and reduce your orphan rate. I had an issue minting just connected to one node as I posted earlier.

Pyroboby7

member

Activity: 94

Merit: 10

Quote from: Flapmin on August 27, 2017, 12:27:32 PM

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

looks to be an attempt at better distobution also please note the 8 hr maturity on coins change
witch i fully agree with i had already changed to 8 hrs on flaps

flaps?

Flapmin

sr. member

Activity: 532

Merit: 251

Quote from: Myth888 on August 27, 2017, 12:19:45 PM

Quote from: akuci on August 27, 2017, 12:13:09 PM

Quote from: Myth888 on August 27, 2017, 12:10:40 PM

Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.

I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.

The Magi team is very active. i guarantee you they are reading each post specially magic and joe. But the problem is much more complex because of the decentralized nature. If it was a close system the fix would have been much easier. So voice out but be patient.

indded they are .. lots of commits lately

Cyboria

newbie

Activity: 21

Merit: 0

Quote from: Myth888 on August 27, 2017, 12:24:18 PM

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

...

there is a delay on how the rewards adjust based on hashrates. Thats how the botnets and rentals play magi. They only mine when the reward is high and only stay until the rewards have come down.

Ok. That makes sense. So if I understand correctly, the difficulty of a block isn't determined 'on the spot' based on the current net hashrate? What is the reason for this? Because it's practically not possible?
It sounds to me that it's now based on an average hashrate of the x past hours/days. Is this correct?
Can I compare this with the BTC idea where they recalculate the difficulty every 2016 blocks? More miners, block difficulty increases, in MAGI something similar happens but on a faster scale?

Edit using the comment of Flapmin:

Quote from: Flapmin on August 27, 2017, 12:27:32 PM

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

...

looks to be an attempt at better distobution also please note the 8 hr maturity on coins change
witch i fully agree with i had already changed to 8 hrs on flaps

Difficulty recalculation is now based on the blocks from the last 8 hours? Or did I interpret that wrong?

Flapmin

sr. member

Activity: 532

Merit: 251

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

looks to be an attempt at better distobution also please note the 8 hr maturity on coins change
witch i fully agree with i had already changed to 8 hrs on flaps

Flapmin

sr. member

Activity: 532

Merit: 251

Quote from: akuci on August 27, 2017, 12:03:13 PM

Who will ditch it? Botnets, wanna be millionaires? Who even cares about them? Then rename coin to Botnetfasprofit Coin.
I just try to make a coin more fair for everyone, if most of the community like mining almost nothing meanwhile some dude with like 20k MH is grabbing all of the already small rewards, then ok, I have no problem with it. I really don't wanna fight with the majority of the community... but for now I see that minority is almost bullying the majority, and even after so many pages they don't understand that if they limit their hash, they will be earning more, and the rest of the power they can route to some other coin and earn there some plus profit. I know, not everyone is mining here to support the coin, there are people who just want to make money, but they go with brute force instead of going smart.

Let's say you have like 5k, because 20k is extreme. You put 1k in Magi, really small number of miners have 1k even, and the other 4k in Bytecoin for example. You said that you don't care about profit, then do it that way. You will be earning much more Magi with 1k then 5k.

I try to explain that fact all the time ... the coin will pay out per block
regardless of the net hash... its a percentage of the block reward dictated
by time ... if you have 1 MH on a 100MH network you have 1%
If you have 100MH on a 1000MH network you have 1%

your only hurting yourself buy hashing too much more then the avg hash rate

Myth888

full member

Activity: 343

Merit: 102

Quote from: Cyboria on August 27, 2017, 12:19:01 PM

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

there is a delay on how the rewards adjust based on hashrates. Thats how the botnets and rentals play magi. They only mine when the reward is high and only stay until the rewards have come down.

oxothuk

member

Activity: 71

Merit: 10

Quote from: akuci on August 27, 2017, 12:13:09 PM

I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.

Seems only u do not understand what we are speak about.

will try to explain

for example:

hash net "limit" 20Mh block reward (40) , after 20 block reward (0)
now used 19Mh... and bighash guy with another 20 Mh come here..
You suggest him use only 1Mh and get 1/20 (only 5% ) of revenue. but he have 20mh..
he add ~2Mh , and reward drop to 0... after some time most of miners leave... and he start his 20Mh
and get almost 100% of block reward for some time, not 5%
of course this is extreme values, in fact not all leaves, but it can be easy script who monitor network and switch power depends of situation.

Quote from: akuci on August 27, 2017, 12:16:19 PM

I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.

It is one of way to avoid porblem with big hashrate.. fix reward. But in this case difficulty should raise after some time.

Myth888

full member

Activity: 343

Merit: 102

Quote from: akuci on August 27, 2017, 12:13:09 PM

Quote from: Myth888 on August 27, 2017, 12:10:40 PM

Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.

I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.

The Magi team is very active. i guarantee you they are reading each post specially magic and joe. But the problem is much more complex because of the decentralized nature. If it was a close system the fix would have been much easier. So voice out but be patient.

Cyboria

newbie

Activity: 21

Merit: 0

I need some help on the following matter:

Block: 1454526
https://chainz.cryptoid.info/xmg/block.dws?0000000053997f467c61ca283e41fff8e4488fac15ed8404f286109fbd58d26f.htm
Reward: 1.29372498 XMG
Difficulty: 1.77659401

Block: 1454477
https://chainz.cryptoid.info/xmg/block.dws?0000000072474a8741189f665a7db58c7c0eb0bb6cb5fccbf81292249e834ddd.htm
Reward: 3.64482276 XMG
Difficulty: 1.76140945

In MAGI, the difficulty is calculated based on the net hash rate. So it seems that the net hash rate in both cases must've been more or less similar as the difficulties are almost the same.
Why is the reward in block 1454477 almost 3x as high as in block 1454526?

akuci

full member

Activity: 226

Merit: 100

I'm giving here a lot of coins for big hash users, a lot of good coins, so please, route your hash that way, all of us will be earning more Magi. That will attract more low hashrate users I think first of all. More people will mine Magi if there is more rewards.

akuci

full member

Activity: 226

Merit: 100

Quote from: Myth888 on August 27, 2017, 12:10:40 PM

Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.

I understand that, but I hope that someone from that group will read these posts. And have some brain in their head to understand what I'm saying.

Myth888

full member

Activity: 343

Merit: 102

Guys you should understand that while there are relatively high hashrate members here, i dont think that they are the ones doing the pump and dump. While destroyer is one of those with very high hash in pom he mines 24/7. The ones who truly drive the difficulty up are those that only jump in when rewards are up to a certain degree of high for them. And they immediately leave after it falls of a certain degree. They also do not use the known pools.

akuci

full member

Activity: 226

Merit: 100

Who will ditch it? Botnets, wanna be millionaires? Who even cares about them? Then rename coin to Botnetfasprofit Coin.
I just try to make a coin more fair for everyone, if most of the community like mining almost nothing meanwhile some dude with like 20k MH is grabbing all of the already small rewards, then ok, I have no problem with it. I really don't wanna fight with the majority of the community... but for now I see that minority is almost bullying the majority, and even after so many pages they don't understand that if they limit their hash, they will be earning more, and the rest of the power they can route to some other coin and earn there some plus profit. I know, not everyone is mining here to support the coin, there are people who just want to make money, but they go with brute force instead of going smart.

Let's say you have like 5k, because 20k is extreme. You put 1k in Magi, really small number of miners have 1k even, and the other 4k in Bytecoin for example. You said that you don't care about profit, then do it that way. You will be earning much more Magi with 1k then 5k.

deztroyr1

full member

Activity: 284

Merit: 100

a block reward of zero simply isn't going to solve anything.
WHO is going to quit mining? the big miners or the small miners? nobody knows.
if i leave my miners running unattended and don't care about whether they are mining or not, then that already decides that in no case at all, i would even cut on my hashrate.

having that said, YOU or someone else is going to have to cut on ur hashrate. maybe ur hashrate is a lot more reasonable than mine. but i'm not quitting anyway cuz i simply don't care.

tell me. what did you solve?
ppl gonna be annoyed and ditch this coin for pulling things like that.

kamarul.jutawan

newbie

Activity: 59

Merit: 0

i have the latest wallet 1.4.3.0 , but it wont update blocks even i updated the conf file

listen=1
connect=104.128.225.215

daemon=1
server=1
rpcport=8232
rpcallowip=127.0.0.1
rpcuser=user
rpcpassword=x

the blocks remains at 1453068. its been 2 days and not updating not even 1 block. anything i did wrong?

thank you

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 394. (Read 2375972 times)