[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 755.

111magic

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Quote from: Abiky on October 10, 2015, 03:00:28 PM

Quote from: 111magic on October 10, 2015, 02:50:35 PM

http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

That’s great! This would definitely help newbies get into Magi mining and will result in stronger adoption. I remember my first time mining a crypto coin. I didn’t even knew how to set up the miner nor the mining pool. Those were my first steps but eventually I improved my knowledge by joining this community and became a skilled miner. Good job! Cheesy

Thats right.
The guide is also made in Greek language and will be ready into Spanish soon! Grin

http://greekmagi.blogspot.gr/2015/07/blog-post.html

Abiky

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www.Crypto.Games: Multiple coins, multiple games

Quote from: 111magic on October 10, 2015, 02:50:35 PM

http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

That’s great! This would definitely help newbies get into Magi mining and will result in stronger adoption. I remember my first time mining a crypto coin. I didn’t even knew how to set up the miner nor the mining pool. Those were my first steps but eventually I improved my knowledge by joining this community and became a skilled miner. Good job! Cheesy

111magic

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Activity: 1750

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http://picisi.blogspot.nl/2015/10/mining-your-first-coin-absolute.html?m=1

The awesome Magi mining guide for newbies posted here.

111magic

legendary

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Thanks sid7039 for the nice words.

Magi team, dev and community will continue with the great work!

sid7039

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Quote from: 111magic on October 06, 2015, 08:02:47 AM

Quote from: unununium on October 06, 2015, 06:18:08 AM

Why is this coin special? Its a normal altcoin

Good question! Many things. Read the OP and you find the information about the unique blockreward system, First POS-II, MQW and much more. Any specific questions? You are welcome to ask.

Agree, really unique coin, very fair, with great community and dev team! Read the OP.
Good job guys!!!

fragilefungi

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Quote from: Erkallys on October 10, 2015, 09:41:16 AM

Quote from: starmman on October 10, 2015, 03:12:19 AM

Quote from: Erkallys on October 10, 2015, 02:18:06 AM

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March Grin

!

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

I have my sweetspot miner set to block value target of 10 xmg with min cpu usage at 10% and max at 30%. If the block reward is lower it still mines at 10%. If the block reward is 10 or higher it uses 30%. I think that there is some wiggle room here because it still uses 30% at 7 XMG reward but if it goes to 3 XMG reward like it is right now it only uses 10%. I would use more than 30% when it is profitable but I would need to get a watercooler for my AMD FX-8350 8 core so that it doesn't overheat. The aftermarket fan I currently have just isn't enough cooling.

If the reward goes too low for too long I just turn off the miner. Someone just threw 40 MH/s at solo mining (I say that because the hash shows up on hash info but doesn't show on any pool on http://poolinfo.coinmagi.org/). It is not profitable to buy electricity to make 40 MH/s, so that person likely either has free electricity or has some type of miner that is more energy efficient that they are keeping a secret.

starmman

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Quote from: Erkallys on October 10, 2015, 09:41:16 AM

Quote from: starmman on October 10, 2015, 03:12:19 AM

Quote from: Erkallys on October 10, 2015, 02:18:06 AM

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March Grin

!

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

Yes it still mines but at a slower rate to reduce power consumption (and net hash rate if lots of users are mining using Sweet Spot) - it then ramps up the power when you hit the profitable rate.

Erkallys

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Quote from: starmman on October 10, 2015, 03:12:19 AM

Quote from: Erkallys on October 10, 2015, 02:18:06 AM

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March Grin

!

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

starmman

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Activity: 1484

Merit: 1029

Quote from: Erkallys on October 10, 2015, 02:18:06 AM

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March Grin

!

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

Erkallys

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Activity: 1120

Merit: 1004

Quote from: feldenthorne on October 07, 2015, 04:59:39 PM

Quote from: Erkallys on October 07, 2015, 04:34:45 PM

I've noticed for pages now that you are frequently taking about SweetSpot, but what is it ? A software that improve mining ? Or something else ?

The Sweet Spot Miner (Official Magi site mirror, out of date) is a program (written in Delphi, I think?) that manages your hashing power (so you don't waste energy mining when the rewards are low). From the link above:

Quote

Sweet Spot Magi Miner is able:

to hide the miner window so it will not waste your taskbar space.
to hide itself into the system tray while running.
to start the miner at LOW priority so the miner will not slow down your work.
to check the current Network Hashrate and control the miner CPU usage targeting the Sweet Spot 22MH/s the Hash Rate you choose.
to check the current Block Value and control the miner CPU usage targeting 12+XMG/Block the Block Value you choose.

And here's a screenshot of the interface, if you're curious:

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March Grin

!

111magic

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Activity: 1750

Merit: 1005

Quote from: thefix on October 10, 2015, 01:59:13 AM

Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

That would be awesome. I said before that its a change of mind. Some people still think that mining with bigger hashrate will give better rewards.
Because of Magi's unique blockreward system people better mine with lower hashrate to give a higher blockreward.

thefix

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Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

lordmick

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Activity: 868

Merit: 500

Quote from: joelao95 on October 09, 2015, 03:44:55 PM

Quote from: lordmick on October 08, 2015, 11:27:40 PM

So if I use this..

"hashrate (kh/s)" : 80.00000000,
   "difficulty" : 1.66700583,
   "difficulty(aver)" : 2.12233496,
   "blockvalue" : 1.61871981,
   "mining (XMG)" : {
   "1 hour" : 0.05114349,
   "1 day" : 1.22744382,
   "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!

SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? Tongue

could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 = 0.41 USD/XMG, while the current price is far below that, most of miners should give up. Grin

Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

I just take a look on my transactions on pom m.. during september I made 5x 100xmg.. running about 230khs.. it far to be 1187xmg and I said 18$ for 80khs... so 230khs cost me a lot more then 18$...

I should recheck the consumption maybe its a lil bit less but as I remember it was 350

joelao95

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Activity: 1190

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Coin of the Magi!

Looking at the diff: https://bchain.info/XMG/diff a recent rising at Oct. 7th; that's something unsure what's making 7th special. It'll be hard for me to argue if one should mine or not (surely I'd like to); here is my philosophy:

Section under:

Quote

Who shall mine nothing?

https://bitcointalksearch.org/topic/m.9991269

There is no way of hard rule in clarifying the rule, though we can argue efforts to get it rightful.

joelao95

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Activity: 1190

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Coin of the Magi!

Quote from: tittiecoiner on October 09, 2015, 05:02:02 PM

Quote from: joelao95 on October 09, 2015, 03:44:55 PM

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 = 0.41 USD/XMG, while the current price is far below that, most of miners should give up. Grin

Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

Make sense.

tittiecoiner

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★YoBit.Net★ 350+ Coins Exchange & Dice

Quote from: joelao95 on October 09, 2015, 03:44:55 PM

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 = 0.41 USD/XMG, while the current price is far below that, most of miners should give up. Grin

Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

111magic

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Quote from: joelao95 on October 09, 2015, 03:45:40 PM

Quote from: 111magic on October 09, 2015, 07:59:12 AM

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

You are welcome Joe.
The give-aways will finish after this weekend!

joelao95

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Activity: 1190

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Coin of the Magi!

Quote from: 111magic on October 09, 2015, 07:59:12 AM

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

Redrover

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Activity: 181

Merit: 100

Quote from: 111magic on October 09, 2015, 07:59:12 AM

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks Magic, this is really helpful right now while the mining difficulty is so high. Just keep adding more to the wallet for staking!

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: lordmick on October 08, 2015, 11:27:40 PM

So if I use this..

"hashrate (kh/s)" : 80.00000000,
"difficulty" : 1.66700583,
"difficulty(aver)" : 2.12233496,
"blockvalue" : 1.61871981,
"mining (XMG)" : {
"1 hour" : 0.05114349,
"1 day" : 1.22744382,
"1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!

SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? Tongue

could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 = 0.41 USD/XMG, while the current price is far below that, most of miners should give up. Grin

Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 755. (Read 2375995 times)