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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 756. (Read 2375995 times)

legendary
Activity: 1750
Merit: 1005
legendary
Activity: 1750
Merit: 1005
When blockreward is low better not sell cheap! Wink

Unless your selling it to me. Wink  (At least the XMG will have a happy home staking away in my wallet) Cheesy
Staking will give nice reward.
Buy and stake are good options.
And mine when blockreward goes up.
 Smiley
Check out the Magi faucets also.
hero member
Activity: 868
Merit: 500
gonna start back the 6 rigs.. 25 treads when it get colder in the house... instead of heaters..
hero member
Activity: 868
Merit: 500
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!!
sr. member
Activity: 371
Merit: 250
When blockreward is low better not sell cheap! Wink

Unless your selling it to me. Wink  (At least the XMG will have a happy home staking away in my wallet) Cheesy
legendary
Activity: 1750
Merit: 1005
When blockreward is low better not sell cheap! Wink
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.

I hope people are not scared by 0, but that's actually not the case. The block reward would NEVER hit zero according to the exponential reduction with difficult. The value on https://bauerj.eu/xmg/ is most likely less than 1 and was skipped since only integer is shown there; I would also check the block explorer which is pulled out from blocks, for example:

https://chainz.cryptoid.info/xmg/

Also check with the console:
Code:
getnewblockvaluebynumber 512267
(current block at this time)

{
"flags" : "proof-of-work",
"difficulty" : 1.60428397,
"difficulty-V2" : 2.44375849,
"blockvalue" : 5.91635350
}

And how much you'd get by kH/s hashrate (only estimate):

Code:
getminingbykhps 10
{
"hashrate (kh/s)" : 10.00000000,
"difficulty" : 1.60428397,
"difficulty(aver)" : 1.69167384,
"blockvalue" : 5.91635350,
"mining (XMG)" : {
"1 hour" : 0.02931434,
"1 day" : 0.70354416,
"1 week" : 4.92480911
}
}

p.s., another piece of info:

https://bchain.info/XMG/diff

Looking at the averaged diff indicates a rising around Sep 29th.
hero member
Activity: 712
Merit: 500
Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.

Botnet power, that's it. Many people want to make a profit from this, without even knowing the important facts of this coin.
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
Look for the hashrate :  https://bauerj.eu/xmg/



It's very high and sometimes even higher -> reward goes to 0.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
[img ]http://s2.postimg.org/4wtqbor89/xmg.png[/img]
For the moment I stopped mining Magi, doesn't make fun watching my balance

I can understand your feeling. I guess there are two things you might take a look.

The actual hashrate changes vastly from time to time; what I see at this time. Averaging the hashrate in a time period will give an accurate value.
[img ]http://i.imgur.com/zKZgngn.png[/img]

The another thing is that the rewards varies with hashrate; for example, right after huge hashrate comes a low-end period and big reward because of the network hashrate vibration or miners leaving, so I suppose that one keeps mining will have a good return, but judgement is on your side. The Sweet Spot Miner is nice used in this situation; you can put target hashrate, CPU usage or target rewards, and then the miner automatically adjusts the hashrate; in a situation, it may run with 0% cpu like stop mining.
The rate is really high at the minute, since I started mining in July I dont think I saw the hash rate at >100MH/s more than a handful of times - but it seems quite common now - I guess Magi is getting popular or somebody is pushing a lot of power at the coin, or people are not reading how to mine efficiently.

That's about right I believe; there was a time about 30 - 40 MH/s sometime ago. The PoW reward has an optimum point of hashrate that produces maximum coins and the optimum point progressively increases over time, allowing a number of miners (suppose to increase over time) joining, when I looked at the block reward that is not that low right now, while I believe there does exist some mining forces that need cares.
legendary
Activity: 1484
Merit: 1029

For the moment I stopped mining Magi, doesn't make fun watching my balance

I can understand your feeling. I guess there are two things you might take a look.

The actual hashrate changes vastly from time to time; what I see at this time. Averaging the hashrate in a time period will give an accurate value.


The another thing is that the rewards varies with hashrate; for example, right after huge hashrate comes a low-end period and big reward because of the network hashrate vibration or miners leaving, so I suppose that one keeps mining will have a good return, but judgement is on your side. The Sweet Spot Miner is nice used in this situation; you can put target hashrate, CPU usage or target rewards, and then the miner automatically adjusts the hashrate; in a situation, it may run with 0% cpu like stop mining.
The rate is really high at the minute, since I started mining in July I dont think I saw the hash rate at >100MH/s more than a handful of times - but it seems quite common now - I guess Magi is getting popular or somebody is pushing a lot of power at the coin, or people are not reading how to mine efficiently.
legendary
Activity: 1750
Merit: 1005
Awesome news: Magi app is in development.
Release October 2015!




It's October! Grin
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!

For the moment I stopped mining Magi, doesn't make fun watching my balance

I can understand your feeling. I guess there are two things you might take a look.

The actual hashrate changes vastly from time to time; what I see at this time. Averaging the hashrate in a time period will give an accurate value.


The another thing is that the rewards varies with hashrate; for example, right after huge hashrate comes a low-end period and big reward because of the network hashrate vibration or miners leaving, so I suppose that one keeps mining will have a good return, but judgement is on your side. The Sweet Spot Miner is nice used in this situation; you can put target hashrate, CPU usage or target rewards, and then the miner automatically adjusts the hashrate; in a situation, it may run with 0% cpu like stop mining.
legendary
Activity: 1401
Merit: 1008
northern exposure

For the moment I stopped mining Magi, doesn't make fun watching my balance

i understand how you feel, but in the end this is better for us because this will prevent "bulldozers" to take all the coins.

asi aid i understand your feeling, mining magi is something different dunno why, but is like addictive, but sometimes is better to turn off or to reduce your cpu hash power since is not profitable.

btw you have some pretty good tools who can reduce for you the cpu power hash if it detects is not profitable atm, as i always said, this community is AWESOME.
hero member
Activity: 698
Merit: 500
http://ark.intel.com/products/80910/Intel-Xeon-Processor-E3-1231-v3-8M-Cache-3_40-GHz

I don't have internal gpu

there's a slight difference/2-3% with turbo boost, which is 3800 on two threads, but that is rare as OS consumes some cycles and it goes to 3700Mhz, on four threads it goes down to 3600 and stays there.

I am comparing equal % of total CPU load when running sweetspot to individually running 2-8 threads on 100% core load

When running ALL the threads at % your CPU goes below 3600MHz and the percentage is based on that value. So if you compare 50% of 4 threads running at 1000MHz to 100% of 2 threads running at 3600MHz you will get lower hash rate but you will get also lower power usage. 60% and 70% are not great savers on some CPUs but the only reason I included them was because someone wanted them there Smiley

The deal is to save energy when it is not profitable to mine, right Grin

Anyway it is impossible for an external app to stop/start threads of the miner without restarting the miner. It is possible to pause them, but if the pause is greater than 2s then they will disconnect from the stratum.

you can start/stop those if you have 8(or more) copies of the miner - minerd1.exe, minerd2.exe, ...
full member
Activity: 206
Merit: 100
That looks neat, closed source though I presume?

There are source links on the download page. As I recall, the project was originally closed-source, but the author open-sourced it to give back to the community.
full member
Activity: 171
Merit: 100
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:


That looks neat, closed source though I presume?
full member
Activity: 224
Merit: 100
★YoBit.Net★ 350+ Coins Exchange & Dice

For the moment I stopped mining Magi, doesn't make fun watching my balance
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
I've added “Total balance” to the overview section of the wallet.  I was getting tired of adding “stake” and “balance” together to see how much I had. Cheesy I'm kind of new at git so I thought I'd ask how to check in these changes.  Should I just run “git commit -a” on the main branch or is there some descriptions on how people should submit code changes?

Thanks for that. Maybe make merge pull request, I'll check it out and merge into the repo.
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