[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 749.

fragilefungi

full member

Activity: 143

Merit: 100

Quote from: d0om on October 17, 2015, 03:55:27 PM

Can somebody PM me about compiling wallet/minerd across several UNIX like systems? I see the first reply has a small guide but I'm getting with an error about GMP, it says I have the package but when I go to configure it errors on GNU MP. I'll probably post my steps if I can get it working easily.

Did you see https://bitcointalksearch.org/topic/m.11977962

I thought someone told me that they followed it and got it to work on UNIX

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: d0om on October 17, 2015, 03:55:27 PM

Can somebody PM me about compiling wallet/minerd across several UNIX like systems? I see the first reply has a small guide but I'm getting with an error about GMP, it says I have the package but when I go to configure it errors on GNU MP. I'll probably post my steps if I can get it working easily.

Could you also inform us if you received the help?
Thanks in advance.

d0om

full member

Activity: 171

Merit: 100

Can somebody PM me about compiling wallet/minerd across several UNIX like systems? I see the first reply has a small guide but I'm getting with an error about GMP, it says I have the package but when I go to configure it errors on GNU MP. I'll probably post my steps if I can get it working easily.

LordCoder

hero member

Activity: 712

Merit: 500

Pool workers are the same always, probably GPU miner or proxied connection for botnet.

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: thefix on October 17, 2015, 02:30:05 PM

testcc90cc KH/s-----23,657 XMG/Day----- 2,726.157

Wonder what they are testing Wink

Now 44,231 KH/s, that's not normal.

thefix

legendary

Activity: 1049

Merit: 1001

testcc90cc KH/s-----23,657 XMG/Day----- 2,726.157

Wonder what they are testing Wink

Erkallys

legendary

Activity: 1120

Merit: 1004

Quote from: tittiecoiner on October 17, 2015, 01:24:08 PM

Quote from: LordCoder on October 16, 2015, 05:07:26 PM

Quote from: 1337leet on October 16, 2015, 12:20:29 PM

You are all right.
I see it as fun and as a hobby

But mining Bitcoin could be profitable depending on the energy costs and the hardware. But due to the high prices of profitable miners I'm not into it.

Anyone here knows what the Hash rate of an Intel Core i7 4790K is?

4790K does 95-97 khash/sec.

That's my 4790K mining at suchpool

If you have tasks that run on background, that can explain the loss of 10 kh/s. Also try to select old fashioned Windows UI, like the Windows 95 looking ones, with high contrast colours, it could increase you hashrate by a few kh/s.

tittiecoiner

full member

Activity: 224

Merit: 100

★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: LordCoder on October 16, 2015, 05:07:26 PM

Quote from: 1337leet on October 16, 2015, 12:20:29 PM

You are all right.
I see it as fun and as a hobby

But mining Bitcoin could be profitable depending on the energy costs and the hardware. But due to the high prices of profitable miners I'm not into it.

Anyone here knows what the Hash rate of an Intel Core i7 4790K is?

4790K does 95-97 khash/sec.

That's my 4790K mining at suchpool

111magic

legendary

Activity: 1750

Merit: 1005

Well done Okae! Indeed its very important to have those posts translated in different languages.
So if anybody speak a different language and would help with updating other threads contact me.

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

Quote from: joelao95 on October 16, 2015, 12:53:28 AM

As mentioned by fragilefungi, a convenient miner (ideally click & go mining) is a much need, and I believe that will get us more miners without painful compiling (notice if you compile from the source code, you might get a specific optimized miner only for your pc which might be efficient than the following compiled ones). Also, I compiled the miner with "-e" flag to adjust the CPU efficiency from inside the miner.

https://github.com/magi-project/m-cpuminer-qt
https://github.com/magi-project/m-cpuminer-v2

I have forked the code of ScryptMiner by Matoking (https://github.com/Matoking/ScryptMiner-GUI), which is based on Qt. This is very advantageous; we can add codes later on to adapt to the special block reward of magi, and design a smart miner with strategy mining. This will be a one in the to-do list. Here are the compiled binaries:

http://coinmagi.org/files/m-cpuminer/m-cpuminer-qt-64-win.zip
http://coinmagi.org/files/m-cpuminer/m-cpuminer-qt-32-win.zip
http://coinmagi.org/files/m-cpuminer/m-cpuminer-qt-64-ubuntu.tar.gz
http://coinmagi.org/files/m-cpuminer/m-cpuminer-qt-macosx-10.7.dmg

There are also minerd available here: http://coinmagi.org/files/m-cpuminer:

http://coinmagi.org/files/m-cpuminer/m-minerd-64-win.zip
http://coinmagi.org/files/m-cpuminer/m-minerd-32-win.zip
http://coinmagi.org/files/m-cpuminer/m-minerd-64-ubuntu.tar.gz
http://coinmagi.org/files/m-cpuminer/m-minerd-64-macosx.zip

These are how the Qt miner looks like:

Notice "-e 60" in block "Additional parameters" in the above image adjusts the CPU mining usage, e.g., 60%. All the parameters are automatically saved into m-cpuminer.conf, in the same folder. The GUI basically makes use of the miner under folder "miner". If you can compile with a higher efficiency, please let me know. Please make sure you modify the pool parameters, or you will mine through my account.

This GUI is kinda similar to NeedIfFindIt's Sweet Spot http://xmg.makejar.com/, which will be better than this I believe; the advantage is that we can make it available for mac os and linux too, and most of other platforms because of Qt base. The linux version is statically linked, if you run into issues, let me know. I very much like the miner being compiled in low end/old system/pc. I believe magi's mining is useful in this aspect. I will get some details for the PoW. I do agree one mining a coin cares about the return, while I like the idea you place the miner with limited CPU usage, you can forget it (say 10% CPU): think about how many computers which run idle in the offices or other places for overnight, at least it's a waste of power. I am not encouraging you use an office PC for mining, but running a limited miner in a daily computer is quite doable, and that, from another point of view, is to save energy as they maintain a coin system provided that magi is useful at some extent and this purpose will be meaningful as well.

Some post worthwhile should be translated always into more languages, spanish translation thread have this one now Wink

HERE

ofc i will update other spanish threads at other forums too

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: cisahasa on October 16, 2015, 09:03:07 PM

Quote from: 111magic on October 16, 2015, 03:46:08 PM

Quote from: Erkallys on October 16, 2015, 03:42:29 PM

Quote from: cisahasa on October 16, 2015, 03:37:34 PM

i made a vps miner for fun..
but i cannot understand why people mine this?
i cannot get any profit from this: time to setup miner cost me more than it ever makes coins to me.
vps cost more than magi makes.
cpu uses more power than magi makes you??
explain me please?

pure botnet coin?

It can be easily be profitable. The problem is that the bigger the hashrate is the lower the block reward is. A lot of people don't understand this or simply don't care so they mine with a few thousand kh/s. They could earn more by diminishing their hashrate but they're not really clever so they don't Wink

!

This needs a change of mindset.
With Bitcoin it was the higher the hashrate the better the reward.
With the coins launched after BTC it was almost always the same.
This mindset change will take time!

yes, dont mine only buy? let else people waste time for mining?

I am glad that you asked this question here, as if magi is not profitable, magi is not the only one, obviously. I commented here:

https://bitcointalksearch.org/topic/m.12702683

I'd recall back to 2013, there was a time mining bitcoin is still profitable, but you have to be smart and you got to run faster than the other people. The golden time passed by rather quick. Nowaday's mining is absolutely a side effect of this crypto thing Satoshi never expect. People definitely should blame the mining thing for the global warming up at one day, if it is not significant, it's not a trivial one either. The use of devices exclusively for mining (not supposed to be for this purpose) is another waste; ok, bit off topic. Your question actually is that why people in this space should mine crypto, do you mine bitcoin and no buying?

cisahasa

legendary

Activity: 910

Merit: 1000

Quote from: 111magic on October 16, 2015, 03:46:08 PM

Quote from: Erkallys on October 16, 2015, 03:42:29 PM

Quote from: cisahasa on October 16, 2015, 03:37:34 PM

i made a vps miner for fun..
but i cannot understand why people mine this?
i cannot get any profit from this: time to setup miner cost me more than it ever makes coins to me.
vps cost more than magi makes.
cpu uses more power than magi makes you??
explain me please?

pure botnet coin?

It can be easily be profitable. The problem is that the bigger the hashrate is the lower the block reward is. A lot of people don't understand this or simply don't care so they mine with a few thousand kh/s. They could earn more by diminishing their hashrate but they're not really clever so they don't Wink

!

This needs a change of mindset.
With Bitcoin it was the higher the hashrate the better the reward.
With the coins launched after BTC it was almost always the same.
This mindset change will take time!

yes, dont mine only buy? let else people waste time for mining?

fragilefungi

full member

Activity: 143

Merit: 100

Quote from: cisahasa on October 16, 2015, 03:37:34 PM

i made a vps miner for fun..
but i cannot understand why people mine this?
i cannot get any profit from this: time to setup miner cost me more than it ever makes coins to me.
vps cost more than magi makes.
cpu uses more power than magi makes you??
explain me please?

pure botnet coin?

Magi has a variable block reward that is based on difficulty. When the network hashrate goes up, the difficulty goes up and the rewards go down. You can look at a graph of this (https://bauerj.eu/xmg/). The higher the hashrate, the less profitable it is to mine. That is how the coin is designed. Setting your cpu to mine at 100% is probably not a good idea, unless you have free power. Some people do have free power, like if electric is included in their rent, but all coins have this problem. I don't have free power, but am currently mining magi with a target cpu usage of 10% even though the network hash is very high and the block reward is only 1 XMG. Even if my power costs are not zero, the cost to me for this mining at this cpu usage is very low because I am doing other things with my computer like having staking wallets open for different coins, I am writing this here, I am gpu mining or I am using my computer for playing games. The additional cost of electricity for using 10% cpu compared to 0% is how you should be doing the power calculation. Magi is not a coin where you can buy a lot of hardware, throw a bunch of hashrate at mining, and expect to make a profit. It was specifically designed NOT to let you do this.

111magic

legendary

Activity: 1750

Merit: 1005

Just as reminder the new OP above is full with hyperlinks.
Just click on pictures or names and you will go to the website or page!
Wink

Also check the Magi standalone payment gateway!
https://www.m-epays.com/

1337leet

hero member

Activity: 1308

Merit: 508

Thank you LordCoder

LordCoder

hero member

Activity: 712

Merit: 500

Quote from: 1337leet on October 16, 2015, 12:20:29 PM

You are all right.
I see it as fun and as a hobby

But mining Bitcoin could be profitable depending on the energy costs and the hardware. But due to the high prices of profitable miners I'm not into it.

Anyone here knows what the Hash rate of an Intel Core i7 4790K is?

4790K does 95-97 khash/sec.

111magic

legendary

Activity: 1750

Merit: 1005

https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170

Coin of the Magi, unique next generation currency for people everywhere!

Coin Magi (XMG) is an online payment system, enabling instant payments to anyone in the world without needing an intermediary.
With Coin Magi, anyone in the world can issue digital coins through their personal computers and a software-based minting process. Coin Magi removes the competitive nature of minting and offers an even playing field for anyone looking to issue currencies without expensive equipment. Coin Magi distinguishes itself from other counter parties by its fairness, cost effective and energy efficiency in maintaining the operation of the system.

PROOF OF WORK – POW
M7M (v2) hash function – only CPU mining
Iterative sequential algorithm and numerical computation operating through GMP floating points to disable parallel implementation
Block time: 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block
A new difficulty dependent block rewarding system to disable large mining farms

PROOF OF STAKE II – POS-II
New staking mechanism PoS-II
Transaction dependent coin age; minimum coin age: 2 hours
Maximum coin age : see following explanation
Network weight dependent interest rate, maximum 5%;
Block time: 1.5 minutes;
Block hash: SHA256;
Maturity: 120

MAGI WALLETS

Freenode IRC: #magi | Skype: coin.magi | QQ group: 337678945 | Email: [email protected]

WEBSITE:

MagiPay Standalone Payment Gateway for Coin Magi

_______________________________________________________________________________ _______________________________________________

MAGI MINING

Magi is designed to be energy efficient on the whole, through a variety of dynamic adjustment mechanisms as well as its focus on the CPU mining. The general design concept is to reduce energy consumption during PoW. The use of hybrid PoW/PoS in the meantime secures the network.
Mine Magi with your computer.

New in Crypto?

Sweet Spot Magi Miner - Unleash the IDLE Power

Pools

MagiPool
https://www.magipool.info/

Multi-Pool
https://multi.magipool.info/
Guide

INFO

Magi XMG Mining summarize

Magi Hashrate and blockreward info

Block Explorers

m-chain.info (official) | CryptoID | Bchain.info | Blockexperts | MultiFaucet

_______________________________________________________________________________ _______________________________________________

EXCHANGES

Cryptsy |Bittrex | Poloniex | Bleutrade | Cryptopia

Vote for XMG on Askcoin here:

Buy XMG using fiat currency.

_______________________________________________________________________________ _______________________________________________

XMG Faucets

_______________________________________________________________________________ ____________________________

Services & Merchants

Dedicated Website Hosting Services

Webshop: DrPecksbees

Webshop/market Cointopay

Rent or lease mining rigs

Blueprint Enhancement Service

https://pexpeppers.com/

http://www.armisgame.com/

http://hausfay.com/

http://bitscoinshop.com.br/en/

Tourism in Indonesia (yogyakarta) offered by Coinkita

Magi Cloudstaking

_______________________________________________________________________________ ________

Games & video's

Jackpot lottery: http://lotto.ddns.net/magilotto

Blackjack & Pirateslots https://www.octoplay.net/?9GBaI2uhYN0zGCpp8kPa

http://thefruitsclan.nl/index.php?lang=nl
http://thefruitsclan.nl/index.php?lang=en

Video: https://dl.dropboxusercontent.com/u/5189405/magiproject2.mp4

https://www.youtube.com/watch?v=7EkAbPacS7c
https://www.youtube.com/watch?v=W71FVD6YWM8
https://www.youtube.com/watch?v=jpvpO0OE7Dw
https://www.youtube.com/watch?v=UaJKTWugF8s

I will add the new miners here also!

111magic

legendary

Activity: 1750

Merit: 1005

Magi will launch the Magi's android app this month!
Grin

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Erkallys on October 16, 2015, 03:42:29 PM

Quote from: cisahasa on October 16, 2015, 03:37:34 PM

i made a vps miner for fun..
but i cannot understand why people mine this?
i cannot get any profit from this: time to setup miner cost me more than it ever makes coins to me.
vps cost more than magi makes.
cpu uses more power than magi makes you??
explain me please?

pure botnet coin?

It can be easily be profitable. The problem is that the bigger the hashrate is the lower the block reward is. A lot of people don't understand this or simply don't care so they mine with a few thousand kh/s. They could earn more by diminishing their hashrate but they're not really clever so they don't Wink

!

This needs a change of mindset.
With Bitcoin it was the higher the hashrate the better the reward.
With the coins launched after BTC it was almost always the same.
This mindset change will take time!

Erkallys

legendary

Activity: 1120

Merit: 1004

Quote from: cisahasa on October 16, 2015, 03:37:34 PM

i made a vps miner for fun..
but i cannot understand why people mine this?
i cannot get any profit from this: time to setup miner cost me more than it ever makes coins to me.
vps cost more than magi makes.
cpu uses more power than magi makes you??
explain me please?

pure botnet coin?

It can be easily be profitable. The problem is that the bigger the hashrate is the lower the block reward is. But a lot of people don't understand this or simply don't care so they mine with a few thousand kh/s. They could earn more by diminishing their hashrate but they're not really clever so they don't Wink

!

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 749. (Read 2375995 times)