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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 734. (Read 2375995 times)

legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

Thanks for the pool; this is very nice and the logo is awesome. I noticed the download for linux minerd isn't linked properly which is now with the name m-minerd-32-linux.tar.gz on the page:

http://www.coinmagi.org/files/m-cpuminer/
full member
Activity: 143
Merit: 100
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

If someone can provide me a comprehensive step-by-step tutorial on how to mine on a Pi, it will be a real pleasure for me to join it Wink !

https://bitcointalksearch.org/topic/m.11977962  Try to compile using these instructions.  I have gotten it to work before with these.  I tried compiling on a vps last night and it failed so post any error you get and someone can probably tell you what dependency is missing.
legendary
Activity: 1120
Merit: 1004
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!

If someone can provide me a comprehensive step-by-step tutorial on how to mine on a Pi, it will be a real pleasure for me to join it Wink !
member
Activity: 81
Merit: 1002
It was only the wind.
I am curious about the discussion of  FPGA; it's pretty impossible for me to make FPGA working on magi's algo. It needs to implement seven hash functions along with floating computation. Other than FPGA, there are many possibilities to have a huge amount of hashing, and you might not realize what's out there. I recalled NOBL got hard forked because people throw a GPU farm hash into a pool (you might know how high hash over the rest of network is needed to get hard fork) (and then they decided to go with pure PoS, so no one can ever mine it), and there are CPU farm too (it was the case when magi is launched, people try to manage a number of CPU cores in mining, like a farm), or a botnet which is not unlikely as well. I am guessing too, only cc90cc knows what testcc90cc meant and the intention.

Just pointed out on IRC:

Quote
14:04:34 <+Wolf`> joelao95: You don't implement an FPGA miner for an algo with ONE
                  chip
14:04:43 <+Wolf`> that's either ASIC prototyping, or retarded
14:13:26 <+Wolf`> joelao95: For a CHEAP, extremely effective FPGA miner for M7M (or
                  X11)
14:13:37 <+Wolf`> do several cheap FPGA chips on a custom board

legendary
Activity: 1750
Merit: 1005
http://magipi.tk/

MagiPi  | The first COIN MAGI Pool on a RaspberryPi 

Nice Welcome in our awesome Magi community!!
full member
Activity: 224
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice
testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.
Think hè gain better results mining another coin!


That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.

I totally agree with you. My guess it he isn't in for profit (he should have understood that he won't make profit this way). His real intention? There are several reasons to choose from.
legendary
Activity: 1750
Merit: 1005
testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.
Think hè gain better results mining another coin!


That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.
Might be to collect Magi miners to start mining other coins.https://twitter.com/Coin_Magi_XMG/status/661081128644845569
Magi will continue with growing and Magi team is working already on rules for the next Proof of Mining campaign.
full member
Activity: 181
Merit: 100
testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.
Think hè gain better results mining another coin!


That's for sure but I guess it depends on what his goal is, he knows what the results are with his high hash rate, so I conclude he is doing this on purpose.
legendary
Activity: 1750
Merit: 1005
testcc90cc   38,801   106.919
Confirmed   954.467146
Unconfirmed   9.501803

I don't know why big share mining but only a little...

Are you asking why such a large hashrate is producing so few coins?

The block reward adjusts according to the network hashrate, rising to a certain point, then quickly dropping if the hashrate gets too high. You can check out a plot of the block reward function on this site. Just keep in mind that the reward calculation is based on the hashrate over time, not the instantaneous hashrate.
Think hè gain better results mining another coin!
legendary
Activity: 1750
Merit: 1005
full member
Activity: 181
Merit: 100



Thanks for stopping by again, but now it's time to leave

Yeah he just set a new record, again.
https://bauerj.eu/xmg/
full member
Activity: 181
Merit: 100
what's the max age and maturity in the pos of magi

Info on the first page states:
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

But, from what I've noticed, POS in Magi does not behave the same as other coins where you know exactly the minimum and maximum weights.  I believe it's all interacting with total weight, difficulty, block size and time.  There are other more knowledgeable people on this subject but I can tell you what seems to work in my wallet.

Roughly a single block of 500 - 1000 coins will stake within 24 hours.
A single block of 1500 - 2500 will stake in about 20 hours.
A single block of 3000 coins will stake in about 15 hours.
Blocks with more than 3000 seem to have a time frame that if they don't stake in the first day, they begin to lose weight, and by the 5th day they need to be re-sent via coin control to reset the timers.  I think 5 days is the cutoff you are asking about.

So I got into the habit of using coin control daily and keep all blocks at around 1500 - 2000 coins - the entire wallet stakes once a day when I do this.

If you do not want to use coin control, then the blocks will be smaller and the times will be longer, and I do not know if the 5 day max age applies with smaller amounts.

5 days is 4800 confirms?

I just looked at my transactions, 4800 confirmations in 3.5 days (85 hours), I think this changes depending on current difficulty?  But this is not something I really pay attention to as my entire wallet stakes and is resent once every day and generated coins (stakes) only need 120 confirmations before they can be re-combined via coin control.
full member
Activity: 224
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice



Thanks for stopping by again, but now it's time to leave
hero member
Activity: 698
Merit: 500
what's the max age and maturity in the pos of magi

Info on the first page states:
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

But, from what I've noticed, POS in Magi does not behave the same as other coins where you know exactly the minimum and maximum weights.  I believe it's all interacting with total weight, difficulty, block size and time.  There are other more knowledgeable people on this subject but I can tell you what seems to work in my wallet.

Roughly a single block of 500 - 1000 coins will stake within 24 hours.
A single block of 1500 - 2500 will stake in about 20 hours.
A single block of 3000 coins will stake in about 15 hours.
Blocks with more than 3000 seem to have a time frame that if they don't stake in the first day, they begin to lose weight, and by the 5th day they need to be re-sent via coin control to reset the timers.  I think 5 days is the cutoff you are asking about.

So I got into the habit of using coin control daily and keep all blocks at around 1500 - 2000 coins - the entire wallet stakes once a day when I do this.

If you do not want to use coin control, then the blocks will be smaller and the times will be longer, and I do not know if the 5 day max age applies with smaller amounts.

5 days is 4800 confirms?
full member
Activity: 181
Merit: 100
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !

I have my miners split on xmgpool and pom pool but my total hash is only 100k when going full speed
legendary
Activity: 1750
Merit: 1005
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !
I'm mining mostly on SuchPool but a little on SuperNova. I should switch some to the POM campaign but didn't yet.
PoM campaign is finished. I will calculate the rewards and pay them this week.
It's a huge job because I have to do it all manually.
I will inform you all also about new PoM later.
I'm wondering if there is a way to semi-automate the calculations and payments to save you some time.
I will find something to do it. Will be ok. Smiley
legendary
Activity: 1484
Merit: 1029
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !
I'm mining mostly on SuchPool but a little on SuperNova. I should switch some to the POM campaign but didn't yet.
PoM campaign is finished. I will calculate the rewards and pay them this week.
It's a huge job because I have to do it all manually.
I will inform you all also about new PoM later.
I'm wondering if there is a way to semi-automate the calculations and payments to save you some time.
legendary
Activity: 1750
Merit: 1005
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !
I'm mining mostly on SuchPool but a little on SuperNova. I should switch some to the POM campaign but didn't yet.
PoM campaign is finished. I will calculate the rewards and pay them this week.
It's a huge job because I have to do it all manually.
I will inform you all also about new PoM later.
legendary
Activity: 1484
Merit: 1029
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !
I'm mining mostly on SuchPool but a little on SuperNova. I should switch some to the POM campaign but didn't yet.
hero member
Activity: 712
Merit: 500
Just a quick poll : on which pool are you mining ? As for me it's SuchPool, because since we've a lot less miner than Suprnova, when we find a block, it's very lucrative. LordCoder I know that you are mining on SuchPool Wink !

I have most of my miners on Suprnova, but decided to switch some hash to Suchpool.
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