Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 422. (Read 2375636 times)
I have uncertainty that the devs know what they are doing
All who mine on chain https://poolinfo.systms.org/#magi you do useless work) Chain stoped
No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.
Bittrex wallet was stoped before block 1450090 or right after it. So no loss.
If you ask Bittrex support thay will not care about our rollback. Do it if you have uncertainty.
No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.
Bittrex wallet was stoped before block 1450090 or right after it. So no loss.
If you ask Bittrex support thay will not care about our rollback. Do it if you have uncertainty.
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.
What's happening there is xmg shifting hands within bittrex and has no actual meaning for the blockchain it self.
No actual meaning until a rollback happens. If XMG was moved into an exchange in blocks after the rollback, those coins disappear from the exchange. Guess who takes the loss? The exchange. Anyone who withdrew from an exchange after block 1450090, guess what happens to their XMG? Disappears.
any peers aviable ?
Yep, the XMG will still stay in trex - it will just change hands when somebody sells into BTC. Good to see some nice volatility on the exchange this evening - almost back to starting price again now.
Exactlyme too
Yep, the XMG will still stay in trex - it will just change hands when somebody sells into BTC. Good to see some nice volatility on the exchange this evening - almost back to starting price again now.
ExactlyYep, the XMG will still stay in trex - it will just change hands when somebody sells into BTC. Good to see some nice volatility on the exchange this evening - almost back to starting price again now.
Exactly
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.
What's happening there is xmg shifting hands within bittrex and has no actual meaning for the blockchain it self.
Yep, the XMG will still stay in trex - it will just change hands when somebody sells into BTC. Good to see some nice volatility on the exchange this evening - almost back to starting price again now.
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.
What's happening there is xmg shifting hands within bittrex and has no actual meaning for the blockchain it self.
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.
https://i.imgur.com/fARr5uL.png
And as longer we will continue to rollback not to rollback as more sells will be.
I predict that if you all continue to resist rollback, sells increase.
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
They stopped the wallet, AKA stopping deposits and withdrawals, but they didn't stop the trading. Nothing is preventing someone from selling XMG and moving the money out via bitcoin.
I vote for no rollback.
Current chain on 104.128.225.215 is perfectly valid and one should stick to the immutability of the blockchain as much as possible.
We could argue the chain is "not fair", but actually same rules applied to everyone. No group had explicit benefit, it was a matter of luck, of sticking to the "right" fork.
We have seen rollbacks in the past for other coins, but usually they were due to serious matters (e.g. ETH vs ETC), and still these were not without drawbacks.
I don't see why we should choose a rollback rather than no rollback in this case.
Some people had some benefit? Sure did. But they also risked their hashing power with a possible zero result in the end.
And what is a week or two or three in mining for a coin with three years of mining history? Do we really need to take such measures?
And what about other people who were (or still are) unaware there is a problem with the chain but happen to be on the right one? It won't be fair for them either.
And possible transactions made around but right after the "rollback threshold"? Rolled back. Fair to whom?
So, rolling back is choosing "fair approach #1" versus "fair approach #2", namely "fair for miners" instead of "fair for users".
In this case, I'd choose to keep the blockchain as "immutable" as possible: no rollback, keep the chain on 104.128.225.215, the current "main peer".
This is just my opinion.
Current chain on 104.128.225.215 is perfectly valid and one should stick to the immutability of the blockchain as much as possible.
We could argue the chain is "not fair", but actually same rules applied to everyone. No group had explicit benefit, it was a matter of luck, of sticking to the "right" fork.
We have seen rollbacks in the past for other coins, but usually they were due to serious matters (e.g. ETH vs ETC), and still these were not without drawbacks.
I don't see why we should choose a rollback rather than no rollback in this case.
Some people had some benefit? Sure did. But they also risked their hashing power with a possible zero result in the end.
And what is a week or two or three in mining for a coin with three years of mining history? Do we really need to take such measures?
And what about other people who were (or still are) unaware there is a problem with the chain but happen to be on the right one? It won't be fair for them either.
And possible transactions made around but right after the "rollback threshold"? Rolled back. Fair to whom?
So, rolling back is choosing "fair approach #1" versus "fair approach #2", namely "fair for miners" instead of "fair for users".
In this case, I'd choose to keep the blockchain as "immutable" as possible: no rollback, keep the chain on 104.128.225.215, the current "main peer".
This is just my opinion.
I agree with you. For me rollback isn't a solution.
Hey Myth 888,
What is your favorite other CPU coin?
Enoch
What is your favorite other CPU coin?
Enoch
Let mi spik from mai hart!
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
Nothing happens with bittrex, I sayd about it previosly.
Chain already stop. All minining nothing matters from #N block (see previos posts)
З.Ы Let mi spik from mai hart! нopм oтжёг)
Let mi spik from mai hart!
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
I agree
in solo mining, where i have to put/configure wallet adress? command?
Por el momento no es conveniente minar solo, puedes hacerlo desde el wallet y es muy simple, pero es riesgoso porque quiere hacer rollback
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
It is a rollback, a little one, i m worried about exchanges
Just stop call it rollback, simple know that in block #1450090 chain ALREADY stoped) And all after this block exist only for test.
Its a rollback. Take a look at all of these trades: https://bittrex.com/Market/Index?MarketName=BTC-XMG Now tell me what happens to all of those trades from the last 2 days. They completely disappear. Imagine spending .25 bitcoin on XMG, you lose both your bitcoin and your XMG! And in some circumstances, the buyer will get their XMG back. $80,000 worth of XMG was traded on a single exchange in one day alone. Mining on the wrong fork for a day is minor compared to the losses that will build on the exchange
Bittrex already stop wallet, so nothing happens. Ask bittrex, if not belive me.
Let mi spik from mai hart!
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
Rollback is not a solution. After rollback everyone lost. Bittrex lost, miners lost, users lost coins. It's not a solution. This can be solution just in one situation - everything broken. I dont really think the problem is so big.
Why not just test new version in private nodes network? As we can see, problem not @blockchain - even with 2 MH/s we have splits. As @oVPN shows, problem is latency and good nodes ban.
Maybe we just need "supernodes" (2, 3, maybe more) with priority information? Pool inform nodes, nodes inform supernodes, as result other nodes refuse another block with identical height but later appearance (even with <1 sec difference). Now much time we heed to inform supernodes? 200-300 msec. This step can completely eradicate the problem. I know, this is centralization, but without this we cannt build truly stable network. This is not Skype, where you can find node in your network or maybe not, this is money. And even Skype centralize their network.
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