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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 654. (Read 2376066 times)

legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Works like a charm,
...

goldlabel, considering you're expert on the image stuffs, I am wondering if you could be able to make some changes to the new logo:

http://coinmagi.org/files/logo/version-2/

It's a simple design originally by GIMP (.xcf). The current appearance is little bit dazzling. I like it be gentle but stay distinct even at 16x16 pixels. Much appreciated. 

p.s., the original version is here: http://coinmagi.org/files/logo/version-1/
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds

The goal is that, once coins combined, the final value should be between combinethreshold and splitthreshold, so that ultimately they will neither split nor combine, but stay stable and staking.

This is what I understood. I have no actual stakings for above verification; if you see something different, let me know.

the goal of the mechanics in PPC was to gurantee POS competition = difficulty
but still avoid endless split to dust

thats why there is a additional requirement to merge coins
that is not only the size but also the coin age

this means u could even set a lower splittreshhold of lets say 30
and a higher mergetreshhold of lets say 3000

but that merge treshhold get activated also need that the coin pile is older than (that value need to be defined well because ur POS is different from PPC)
it must be a time that when a 30 XMG coin pile not POS in that timeframe u know u have a healthy POS difficulty

auto split/merge mechanic have not only the purpose to remove dust
but also to autoadjust network POS difficulty by increase/decrease competition
(increase/decrease amount of coin pile in network that compete for POS)

u did dig deeper than most people in this mechanic
most coins just made splittreshhold working and this way avoid stake to endless dust

but i think XMG deserve to utilize the full power and have it also as a well adjusted mechanic to guide the POS difficulty in the right direction

a that well adjusted split/merge mechanic have just a few POS coins
including the inventors PPC/NVC DMD and maybe soon XMG
legendary
Activity: 3052
Merit: 1281
Okay, so I assume it's nothing bad? What is stake? Yes after the transactions I am few fraction of coin higher.

https://chainz.cryptoid.info/xmg/address.dws?9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv.htm

You are right about the stake, I use this one and doesn't show it.
http://m-chain.info/address/9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv

Sorry to be as pain but what is stake?

It's Proof of Stake, an alternative way of mining coins to your regular CPU mining; google search "Proof of Stake".

For a deeper meaning this context is taken from wikipedia

Proof-of-stake (PoS) is a method by which a cryptocurrency blockchain network aims to achieve distributed consensus. While the proof-of-work (PoW) method asks users to repeatedly run hashing algorithms or other client puzzles to validate electronic transactions,[1] proof-of-stake asks users to prove ownership of a certain amount of currency (their "stake" in the currency).
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Okay, so I assume it's nothing bad? What is stake? Yes after the transactions I am few fraction of coin higher.

https://chainz.cryptoid.info/xmg/address.dws?9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv.htm

You are right about the stake, I use this one and doesn't show it.
http://m-chain.info/address/9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv

Sorry to be as pain but what is stake?

It's Proof of Stake, an alternative way of mining coins to your regular CPU mining; google search "Proof of Stake".
member
Activity: 113
Merit: 105
bunny
Do we have a telegram group chat? It is a very good platform IMO, and I prefer it over irc.

Never give up on magi, heads up to joelao95, magic111 and to all who are in. Smiley
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Great to see a brand new release of the RC version of the Magi wallet! Hopefully, it will only be a matter of time before we could get our hands in a stable version of the wallet. In the meantime, I will test this on my Debian VPS and see if everything works fine. It would be pretty amazing to see the speed increase (which I think it has been implemented in the new release) as it will be a great way to get quick access to the GUI of the wallet. Can't wait for more new and exciting stuff like these! Proof of Interest IV here we come.  Cheesy

Speeding was already implemented; took me about half minute to load up the wallet. Let me know after your testing.

I'll get daemons included at the stable release (didn't have enough time to get all things perfectly ready, bit rush); if I have enough time, I like to have some handy features such as block rewards, staking time/weight put under a mint menu too.

It really is indeed! The speed is really fast. I have got to the wallet in less than a minute on my Debian VPS. Before running the wallet, I have managed to install LXDE GUI into the VPS. After doing this, I got into the Magi client in no time and I have to say that I am very impressed with the interface, speed and new features. There is a price ticker built right into the wallet to keep track of XMG fiat value (USD) anytime.

Below, you can see the screenshots of the wallet running on Debian VPS:

...

I'm very glad that you're happy with the new Qt wallet. It isn't my intention to put some rich information into the client which functions effectively from a coin point of view. I like to have an alternative wallet containing information unrelated to the coin implementation, but something like coin markings etc. If you have any suggestions regarding the present interface, let me know. I could make these into the stable wallet in about two weeks if I have time to accomplish the changes.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Hm... Strange thing. On Win64 the new wallet shows only zeros on price ticker...

...

I usually work with linux and didn't notice this issue. However, when I compiled and ran the wallet, this issue came up. I'll set up Qt debug in Windows to see what's going on, and fix the issue.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!

Hey there, was going to let you know that our staking pool web site is live now. There is also a faucet available as well. Would love for you to check it out and maybe even contribute some coins in the staking pool.

Check us out:

POSWallet.com


Thanks for the work. I'll check out; we'll contribute some coins for your hard work, if it does work as you stated that there is no risk of losing coins from users side.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Thanks for new wallet running great can you upload somewhere magi.conf or what I have write inside.



Please have a look at http://coinmagi.org/bin/example-conf/magi.conf, and these two lines:

Code:
# Transaction under stake with a value greater than the threshold is being splitted
stakesplitthreshold=500

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=250

You can check whether settings are set properly by running commands from Console (on Qt wallet):
Code:
getstakesplitthreshold
getstakecombinethreshold

the default values are mixed up and the description is wrong

splittreshhold should be always lower than stakecombinetreshhold


if u have splittreshhold at 100 for example and merge treshhold at 1000

what will happen is coin pile split each stake if its above 100 size

and later on the below 100 size coin piles will merge together towards 1000 or higher

i tested ur wallet and it behave exact as i said

wont split coin pile below splittreshhold size

and merge below splittreshhold size together into a combinestreshholdsize pile



As you may notice, "Transaction greater than the threshold is being splitted" for splitthreshold; "less than" will combine for combinethreshold. I don't see difference between mine an your description.

"wont split coin pile below splitthreshold size" = split when coins greater than splitthreshold

"merge below splitthreshold size together into a combinestreshholdsize pile" should be "merge below combinethreshold"

splitthreshold and combinethreshold are two different things. If your intention is to combine those coins with values less than splitthreshold, I think this is not what splitthreshold is supposed to be.

Let me know if I'm missing something.

Regarding the numbers, when following number are set:

Code:
stakesplitthreshold=100
stakecombinethreshold=1000

What happens is that if there are transactions of 200 XMG going through stake, these transactions will merge since they < stakecombinethreshold, and in the mean time they satisfy splitting too since they > stakesplitthreshold.

If you look at the actual code implementation: https://github.com/magi-project/magi/blob/1.3.0rc/src/wallet.cpp#L1660, once splitting is initialized, splitting will be done definitely. In other words, whatever transactions to be merged (as inputs), they will split into two equal outputs too; so merging & splitting take place in the same time. This also means stakecombinethreshold is not so effective, since coins with values < 1000 still split. For the above reasons, I believe splitthreshold should be greater than combinethreshold; then coin values > splitthreshold (> combinethreshold too) will split (no combing), and coin values < combinethreshold (< splitthreshold too) will combine (no splitting); no mixing at all.

The goal is that, once coins combined, the final value should be between combinethreshold and splitthreshold, so that ultimately they will neither split nor combine, but stay stable and staking.

This is what I understood. I have no actual stakings for above verification; if you see something different, let me know.
newbie
Activity: 35
Merit: 0
Would the DEV of Magicoin be interested in adding the coin to a staking pool that is in development and almost ready for launch? Maybe even contributing some coins to get it started? This staking pool website will be different then other previous sites that have tried and failed to run a staking site. The users will be in control of the coins they invest in the pool because they will have access to the private keys. This way the site owner cannot run off with all the coins and the users can trust the site owner. Early adopters to Magi coin will have a good opportunity to actually earn coins from stake rewards without having to purchase large volumes. There will also be a faucet available so technically a user of the site could start earning coins and stake rewards with no initial investment. There will be many other POS coins available on the site for the same purpose. I think it will be a huge success and be beneficial to POS coins in general.

Giving access to the the Private key does'nt means that the DEV can't transfer all the coins and run away.
Sorry to be negative, but in crypto world I've learnt the hard way to NOT TRUST ANYBODY, even myself.

I maybe willing to try your pool, but we will see what really the site will be.
Good luck...

Yeah you are right about that but I just think its a new way to do it that might make users feel a little bit more easy about storing their coins in the online wallet. I think we will be launching the site in about a week so I will post the link when we launch if you want to give it a shot or support it in any way you can. Thanks for your honest opinion.
Thanks for your post here amigo.
I will watch your launch of the website.
Welcome in our awesome Magi community!

Hey there, was going to let you know that our staking pool web site is live now. There is also a faucet available as well. Would love for you to check it out and maybe even contribute some coins in the staking pool.

Check us out:

POSWallet.com
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
Thanks for new wallet running great can you upload somewhere magi.conf or what I have write inside.



Please have a look at http://coinmagi.org/bin/example-conf/magi.conf, and these two lines:

Code:
# Transaction under stake with a value greater than the threshold is being splitted
stakesplitthreshold=500

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=250

You can check whether settings are set properly by running commands from Console (on Qt wallet):
Code:
getstakesplitthreshold
getstakecombinethreshold

the default values are mixed up and the description is wrong

splittreshhold should be always lower than stakecombinetreshhold


if u have splittreshhold at 100 for example and merge treshhold at 1000

what will happen is coin pile split each stake if its above 100 size

and later on the below 100 size coin piles will merge together towards 1000 or higher

i tested ur wallet and it behave exact as i said

wont split coin pile below splittreshhold size

and merge below splittreshhold size together into a combinestreshholdsize pile

sr. member
Activity: 312
Merit: 250
Hm... Strange thing. On Win64 the new wallet shows only zeros on price ticker...

legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Great to see a brand new release of the RC version of the Magi wallet! Hopefully, it will only be a matter of time before we could get our hands in a stable version of the wallet. In the meantime, I will test this on my Debian VPS and see if everything works fine. It would be pretty amazing to see the speed increase (which I think it has been implemented in the new release) as it will be a great way to get quick access to the GUI of the wallet. Can't wait for more new and exciting stuff like these! Proof of Interest IV here we come.  Cheesy

Speeding was already implemented; took me about half minute to load up the wallet. Let me know after your testing.

I'll get daemons included at the stable release (didn't have enough time to get all things perfectly ready, bit rush); if I have enough time, I like to have some handy features such as block rewards, staking time/weight put under a mint menu too.

It really is indeed! The speed is really fast. I have got to the wallet in less than a minute on my Debian VPS. Before running the wallet, I have managed to install LXDE GUI into the VPS. After doing this, I got into the Magi client in no time and I have to say that I am very impressed with the interface, speed and new features. There is a price ticker built right into the wallet to keep track of XMG fiat value (USD) anytime.

Below, you can see the screenshots of the wallet running on Debian VPS:



newbie
Activity: 9
Merit: 0


congrats u staked
check ur address in explorer
https://chainz.cryptoid.info/xmg/
u will see that transaction flagged as stake
and a little value how much free bonus coins this did create for u

tell us ur wallet address is save
its public anyway and visible in blockchain
[/quote]


Okay, so I assume it's nothing bad? What is stake? Yes after the transactions I am few fraction of coin higher.

https://chainz.cryptoid.info/xmg/address.dws?9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv.htm

You are right about the stake, I use this one and doesn't show it.
http://m-chain.info/address/9Eqzf11G2GkGmGrbrQbdJXcCthE3zzotuv

Sorry to be as pain but what is stake?
hero member
Activity: 575
Merit: 502
Works like a charm,
legendary
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
Hey I need a bit of help. I have been mining XMG for quite a bit of time and love it... however today that someone put twice 50 xmg in my account and then removed 100 xmg. I can see it from the blockchain but not via my wallet. Do I make sense? I only recently started with crypto and being a novice I am now worried someone may stole my coins? Is it safe to put my wallet address in here for anyone who knows more than me willing to have a look? I have been mining on xmg.maxminers.net


congrats u staked
check ur address in explorer
https://chainz.cryptoid.info/xmg/
u will see that transaction flagged as stake
and a little value how much free bonus coins this did create for u

tell us ur wallet address is save
its public anyway and visible in blockchain
newbie
Activity: 9
Merit: 0
Hey I need a bit of help. I have been mining XMG for quite a bit of time and love it... however today that someone put twice 50 xmg in my account and then removed 100 xmg. I can see it from the blockchain but not via my wallet. Do I make sense? I only recently started with crypto and being a novice I am now worried someone may stole my coins? Is it safe to put my wallet address in here for anyone who knows more than me willing to have a look? I have been mining on xmg.maxminers.net
legendary
Activity: 1131
Merit: 1007
May I be the first to say.... Page 666!!!! wooo \o/

https://www.youtube.com/watch?v=etAIpkdhU9Q
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Great to see a brand new release of the RC version of the Magi wallet! Hopefully, it will only be a matter of time before we could get our hands in a stable version of the wallet. In the meantime, I will test this on my Debian VPS and see if everything works fine. It would be pretty amazing to see the speed increase (which I think it has been implemented in the new release) as it will be a great way to get quick access to the GUI of the wallet. Can't wait for more new and exciting stuff like these! Proof of Interest IV here we come.  Cheesy

Speeding was already implemented; took me about half minute to load up the wallet. Let me know after your testing.

I'll get daemons included at the stable release (didn't have enough time to get all things perfectly ready, bit rush); if I have enough time, I like to have some handy features such as block rewards, staking time/weight put under a mint menu too.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
great stuff joe
i see u are high motivated

i might be willing power one of the future poi promotion campaigns
if the results of ur work is great as ur plans let me expect  to be

It's kinda heavy to handle. PoI inspired me of a charity channel in the coin.
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