[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 727.

elpsycongro

full member

Activity: 307

Merit: 102

Quote from: okae on November 10, 2015, 02:58:44 PM

Quote from: fitinplace on November 09, 2015, 07:11:07 PM

Hi XMGCoin Members, i had a few questions about specs.

1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

Seriously, i think is the 5th time today that i saw this post ( the same post from you ) on different threads, dunno if this is related to some bots or...dunno.

Quote from: elpsycongro on November 10, 2015, 12:39:01 AM

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

patiently awaits reward Grin

But you can notice it with Magi, not with other coins... Wink

yes indeed Grin

feldenthorne

full member

Activity: 206

Merit: 100

Quote from: fitinplace on November 09, 2015, 09:27:02 PM

Quote from: feldenthorne on November 09, 2015, 08:08:19 PM

Quote from: fitinplace on November 09, 2015, 07:11:07 PM

Hi XMGCoin Members, i had a few questions about specs.
1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

First post:

Quote from: joelao95 on August 12, 2014, 12:53:06 AM

Specifications

Proof of Work (PoW)

Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)

M7M (v2) PoW hash function

Block time - 3 minutes

MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoW-II)

Security enhanced - Variable coin age depending on the staking time (more..)

Minimum coin age - 2 hours

Interest rate - network weight dependent with maximum 5%;

Block time - 1.5 minutes

Block hash - SHA256

Maturity: 120
(Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Block rewards depend on network hashrate as well as the current block number. You can look at a graph here to get an idea of the reward scheme: http://starflakenights.net/crypto/blockreward/xmg.html.

i may have missed

1. confirms on received coins in qt wallet? the amount of confirms it takes before you can spend you coins again after receiving from another address.
2. average reward? mining coins reward coins for the mining involved. staking coins also have rewards. not sure if i missed anything from thread.

1. See first post
2. See first post and my initial reply

Hints: mature coins can be spent; reward means reward; interest rate also means reward

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: fitinplace on November 09, 2015, 07:11:07 PM

Hi XMGCoin Members, i had a few questions about specs.

1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

Seriously, i think is the 5th time today that i saw this post ( the same post from you ) on different threads, dunno if this is related to some bots or...dunno.

Quote from: elpsycongro on November 10, 2015, 12:39:01 AM

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

patiently awaits reward Grin

But you can notice it with Magi, not with other coins... Wink

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: elpsycongro on November 10, 2015, 12:39:01 AM

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

patiently awaits reward Grin

Just send you a pm.

Redrover

full member

Activity: 181

Merit: 100

Quote from: kohonez on November 10, 2015, 08:21:17 AM

Hi guys, anyone can recommend me a cheap server for mining xmg?, my hashrate is 90kh/s atm and i would love to get at least 300-400kh/s.. any advice will be apreciated

I really don't have any suggestions on this but I will point out that throwing more hash rate at xmg is self defeating because of the way it is designed - more hash rate = less reward. It's the opposite of most other coins. IMO you are better off throwing higher hash power at something else and then buying XMG from the exchanges. Just my 2 cents.

Redrover

full member

Activity: 181

Merit: 100

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

Received the PoM reward, Thank You Very Much Magic!

@fitinplace - 6 confirms in wallet on normal received coins until they are available. 120 confirms in wallet from PoS generated coins.

As far as calculating the average reward from mining and staking goes, there are too many variables involved for me to give you a simple answer because the rewards from mining are directly affected by the network hash rate, difficulty, and how quickly it changes. I can tell what my own miners get (lately) with about 65 khash/s on bad days with high network hash rate and high difficulty changes it can be as low as 1 XMG per day and on good days I've seen up to around 10 XMG per day.

PoS average rewards I believe are right around 3% average per year right now.

kohonez

member

Activity: 90

Merit: 10

Hi guys, anyone can recommend me a cheap server for mining xmg?, my hashrate is 90kh/s atm and i would love to get at least 300-400kh/s.. any advice will be apreciated

elpsycongro

full member

Activity: 307

Merit: 102

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

patiently awaits reward Grin

fitinplace

full member

Activity: 213

Merit: 100

Quote from: feldenthorne on November 09, 2015, 08:08:19 PM

Quote from: fitinplace on November 09, 2015, 07:11:07 PM

Hi XMGCoin Members, i had a few questions about specs.
1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

First post:

Quote from: joelao95 on August 12, 2014, 12:53:06 AM

Specifications

Proof of Work (PoW)

Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)

M7M (v2) PoW hash function

Block time - 3 minutes

MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoW-II)

Security enhanced - Variable coin age depending on the staking time (more..)

Minimum coin age - 2 hours

Interest rate - network weight dependent with maximum 5%;

Block time - 1.5 minutes

Block hash - SHA256

Maturity: 120
(Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Block rewards depend on network hashrate as well as the current block number. You can look at a graph here to get an idea of the reward scheme: http://starflakenights.net/crypto/blockreward/xmg.html.

i may have missed

1. confirms on received coins in qt wallet? the amount of confirms it takes before you can spend you coins again after receiving from another address.
2. average reward? mining coins reward coins for the mining involved. staking coins also have rewards. not sure if i missed anything from thread.

feldenthorne

full member

Activity: 206

Merit: 100

Quote from: fitinplace on November 09, 2015, 07:11:07 PM

Hi XMGCoin Members, i had a few questions about specs.
1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

First post:

Quote from: joelao95 on August 12, 2014, 12:53:06 AM

Specifications

Proof of Work (PoW)

Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)

M7M (v2) PoW hash function

Block time - 3 minutes

MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoW-II)

Security enhanced - Variable coin age depending on the staking time (more..)

Minimum coin age - 2 hours

Interest rate - network weight dependent with maximum 5%;

Block time - 1.5 minutes

Block hash - SHA256

Maturity: 120
(Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Block rewards depend on network hashrate as well as the current block number. You can look at a graph here to get an idea of the reward scheme: http://starflakenights.net/crypto/blockreward/xmg.html.

fitinplace

full member

Activity: 213

Merit: 100

Hi XMGCoin Members, i had a few questions about specs.

1. Confirm received?
2. Minimum coin age till mature?
3. Average reward?

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: 111magic on November 09, 2015, 08:23:31 AM

Quote from: starmman on November 08, 2015, 04:39:08 PM

Quote from: Redrover on November 08, 2015, 10:29:50 AM

Awesome detailed post joelao95, thanks for taking the time to explain some of the issues we face and how changing one thing could affect other things. I especially love the idea of a super miner running on solar - that would be a massive game changer for the industry, heck, even a mini miner on solar would be big!

After reading all of this information, I wonder if goldlabel's point below would actually be the ideal solution? So much to consider, will have to think on this some more.

Quote from: goldlabel on November 08, 2015, 07:48:23 AM

just a idea, cant the block reward react quicker, so the big miners dont have the change to get alot of coins in a sort time? Huh

I agree, that would be an easy way to limit big miners capacity really quickly, and (hopefully) make it difficult for them to find a workaround - so long as its technically feasible to tweak the algorithm in that way.

I don't know if this is possible. Have to wait for an answer from our dev!

@all, this is the point #2) and #3) in my post, too lengthy to get the idea. Tongue

I am (super) busy, can't read carefully those posts before mine, and some others. You are of course not ignored; let me pick up points at the weekend.

I just wrote the idea from my point of view (I believed we should hold the baseline); if one doesn't agree / believes those are marginal, feel free to talk.

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

Thx, always nice to get some extra coins Grin

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: 111magic on November 09, 2015, 04:27:56 PM

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

ahh thats important news, good job man!

i think that i will announce it at spanish thread too, maybe there is some guys who didnt notice it yet Wink

pomelo

member

Activity: 118

Merit: 10

Mining since early 2013

Received my payout for the PoM. Thank you Grin

111magic

legendary

Activity: 1750

Merit: 1005

Important message: The POM rewards are being paid to the wallet-address i received from the Pools.

kondiomir

legendary

Activity: 1568

Merit: 1000

Twitter @Acimirov

So left a couple of days to release

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: 111magic on November 09, 2015, 12:44:23 PM

Lol yes nice day/date right! Wink

It's lucky for some =)

And, if the deployment goes badly - you can blame the date

111magic

legendary

Activity: 1750

Merit: 1005

Lol yes nice day/date right! Wink

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: 111magic on November 06, 2015, 04:36:48 PM

official launch of the Magi Android app on Friday, November 13th, 2015

On Friday, November 13th, 2015 Grin

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 727. (Read 2375995 times)