Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 494. (Read 2375642 times)

I don't want to be conclusive but one may notice mining with 100kH/s will be a real drop in the ocean ultimately in the general case. For MAGI is like 100kh/s versus 30 ~ 90 Mh/s total network as I observed today. The number would be varying and would be different in another day. But the overall hashrate is definitely under a certain control. I'm not talking every moment but by average. It is nearly impossible that a super rig comes super rewards. Well it's possible when one mines ahead of the rest who are with low hashrate. That's why Knc miner gets into the space, and its story is known to public. Actually I am glad no one want to special hardwares for mining, so Knc miner the like won't be case. But I do encourage increasing hashrate up to some point, and one can use the miner with automatically adjusted hashrate.

We do understand the big hash causes the reduction in the rewards which has been one of the issues causing overall drop of individual rewards, and this is where we try to improve as scheduled on the roadmap. We'll reveal more facts by the time when it's necessary and we can say so. Bear with us.

http://btc.do/#/

Nice to see more articles coming for Magi

Yeah it seems to be heading that way, I was going to invest in a good rig and build it myself, but its perhaps a little to late in the game now

You are still not too late - however I think in Magi slow, patient and steady does well - personally I wouldn't buy specialist hardware for Magi mining, IMO you'd be better off buying magi when it his a lower price and trading it.

Yeah it seems to be heading that way, I was going to invest in a good rig and build it myself, but its perhaps a little to late in the game now

We should all be mining at low hash rates. truth is that people will always want to get as much as possible, as fast as possible. How to keep up your own rewards while people are throwing too much hashpower? exactly... by also throwing in more hash power by yourself.... resulting in a higher total hash rate. the idea is great but i'm afraid that nobody is going to lower their own hash rate while others are pushing for higher hash rates. this because you would obviously be getting less shares. people are selfish. better build a mechanism around selfishness than having hopes that people would adjust their speeds for the sake of the community?

please correct me if i'm wrong

High hashrate is discour-
aged through adjusting the rewards: high rewards are
issued at low network hashrate. It is also observed that
the new system emphasizes the participation of miners
instead of their hashing power, allowing for a new min-
ing mechanism, i.e., proof-of-mining.

Thank you for the answer deztroyr1!
I'm not trying to do a moneybench here. I use the Xeon usually for other stuff of course... I am a scientist and usually I do simulations of atomic nuclei, if you're curious, so let's say that I got them for free. But ATM I don't have the time to lunch other simulations since I'm busy writing/reading/vacationing... so my hardware sits in idle...
I do not do it for the money either... I mainly do it to understand the hashing, the performance/compilation, the blockchain and cryptocurrency economy from the scientific perspective, and how it has evolved in this years so to speak.

So from the purely performance point of view my
two E5-2630v4, 10 core HT 2.2GHz, 3.1GHz turbo, and 25 MB cache each with DDR4 2666GHz should pulverize a
i5-6600 3.30 GHz, turbo 3.90 GHz, with DDR3 1666GHz or similar, and 6MB cache as it happens for physics simulations...

Unless hashing algo is severly single core.

If that's the case, running two workers should give me a factor two improvement on my dual socket (?), and running 40 threads should give me not much improvements, that's not what currently happens.

even if scaling is not linear there is definetely some scaling, while running two workers instead of one decreases the performances.

I can try some tests. Do you have some guidance or guide to link me to?

No problem , them having 66% of the total hash rate is madness and sadly this is what eventually happens to most coins.

https://xmg.suprnova.cc/index.php?page=statistics&action=pool

Thats the problem , there currently throwing GHz at it

XMG   
MagiCoin LIVE!

M7M   830   59.42 GH/s   94.69 GH/s

My 150 Khz is a drop in the ocean

I was going to get back into Magi again as I still have some coins in my wallet when I was mining back in 2015, sadly it seems suprnova have a huge amount of hash power at this, and its making rewards for solo miners like myself terrible. I have an FX8 processor which used to do alright but I think diff level and suprnova hammering the net hash its not worth while any more.

Thank you for the answer deztroyr1!
I'm not trying to do a moneybench here. I use the Xeon usually for other stuff of course... I am a scientist and usually I do simulations of atomic nuclei, if you're curious, so let's say that I got them for free. But ATM I don't have the time to lunch other simulations since I'm busy writing/reading/vacationing... so my hardware sits in idle...
I do not do it for the money either... I mainly do it to understand the hashing, the performance/compilation, the blockchain and cryptocurrency economy from the scientific perspective, and how it has evolved in this years so to speak.

So from the purely performance point of view my
two E5-2630v4, 10 core HT 2.2GHz, 3.1GHz turbo, and 25 MB cache each with DDR4 2666GHz should pulverize a
i5-6600 3.30 GHz, turbo 3.90 GHz, with DDR3 1666GHz or similar, and 6MB cache as it happens for physics simulations...

Unless hashing algo is severly single core.

If that's the case, running two workers should give me a factor two improvement on my dual socket (?), and running 40 threads should give me not much improvements, that's not what currently happens.

even if scaling is not linear there is definetely some scaling, while running two workers instead of one decreases the performances.

I can try some tests. Do you have some guidance or guide to link me to?