Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 794. (Read 2375972 times)

Wonderful give us more info mate!

i really want that this dont happend anymore, i mean to see how those buldozers fu*k others, btw im pretty sure that if you say that yescrypt is a good option, then this is because yescrypt is really a good option

all things that can improve magi will be always welcome from me.

this makes sense for me, but what about all those buldozers that will mine it only to fu*k the block rewards, this will really solve it? i mean even if is more profitable with CPU after the algo change, they will loose hash power?

is this coin still good to mine with cpu?

I disagree. It will cause only confusion. People still confuses groestl^2 with groestl-myr. If it is called the same, it must be the same.

But I'll agree the KDF of yescrypt has... some very interesting properties.

been wanting to have a sig better than just my addy , thanks for saving me time  

For our new members who would like to add our Magi sig here is the code:

Thanks for suggestion, Wolf. I'd look into Yescrypt. I read the IRC message, and will send message too; kinda busy during weekday, will find time for talk at some point.

My concerns as to the current situation which seems in existence all along are some hidden facts. Like you mentioned before, gnu miner for magi algo is possible; if you say so, I guess so. Had review of past pages and also told by some people; the fact is that most are wondering the mystery big miners in and out. This IS a concern, and to make magi step forward better to be taken care. What I wish and probably most of people wish is that magi stays at a level that everyone can mine, that equally means CPU mining, and mining should be fair that also tells any other means of mining with advantages over CPU mining should be avoided. To correct (to who like other means of mining), this is not because I hate GPU miners or things like that, but just because magi is to be what it should be and that leads to a fact that those mining wouldn't do any good to the coin.

In brief, solidified CPU mining, no others. From this point of view, Yescrypt seems an option. I am kinda avoiding simply algo clone though; so the thing gets me complex; either way, what happens now are simply open discussion.

because the reward reduction happens to delayed people with access to botnets or GPU miners can ride the waves and
the goal of reward reduction turn 180° and work against the small miner and not for them

because the spike/wave style miner dont mine when rewards are low
and "everyday joe" who mine with a few CPU 24/7 mine even at low rewards keep network ruining

what we have now is we punish AFTER the "crime" happened and not the guy who did do the crime but everyone

we need a way that make spike mining unattractive

one would be just shift low of coin rollout to POS and keep POW "just" as added hybrid security
constant mininers should be earn most of their rewards by PoM campains and not froim the real blockreward

the basic POW blockreward should be so low that it attract no abuser

the PoM campains should be funded by fat staking for mining POS wallet


just my ideas how u could solve the problem

but i guess we are in the brainstorming phase so it fits to share my ideas now

Might be Joe, Spexx or me. I will check my transactions later today. I will get back on this.

Hi folks. I just got back online after a temporary absence, so I have a lot to catch up on.

I see there is talk about an updated POS system which sounds interesting. My immediate thought on this is "keep it as simple as possible" for the end user. This whole business of having to send one's coins to oneself every so often is a pain on several levels.

Mobile wallet is a good idea, but having spoken to somebody experienced with mobile devices (quite a few times) I have reservations about staking on the move. Staking is a form of mining which uses energy and we might have issues with heat generation and battery life, particularly with smaller devices.

I have Windows software in the pipeline which gives me a type of "mobile wallet" i.e. I can have the software and blockchain on a memory stick, plug that into any Windows PC that I encounter and be up and running almost straightaway.

I am doing exactly that right now

My current situation means that I am using this often and thus giving it a good testing "in the field". It works well enough but still needs some clunkiness removed, some creases ironed out, a shave and a good haircut before release. I am not sure yet when I will be able to settle into a new place and complete this software, but efforts continue.

I still have some catching up to do on this thread ...

Hi folks. I just got back online after a temporary absence, so I have a lot to catch up on.

I see there is talk about an updated POS system which sounds interesting. My immediate thought on this is "keep it as simple as possible" for the end user. This whole business of having to send one's coins to oneself every so often is a pain on several levels.

Mobile wallet is a good idea, but having spoken to somebody experienced with mobile devices (quite a few times) I have reservations about staking on the move. Staking is a form of mining which uses energy and we might have issues with heat generation and battery life, particularly with smaller devices.

I have Windows software in the pipeline which gives me a type of "mobile wallet" i.e. I can have the software and blockchain on a memory stick, plug that into any Windows PC that I encounter and be up and running almost straightaway.

I am doing exactly that right now

My current situation means that I am using this often and thus giving it a good testing "in the field". It works well enough but still needs some clunkiness removed, some creases ironed out, a shave and a good haircut before release. I am not sure yet when I will be able to settle into a new place and complete this software, but efforts continue.

I still have some catching up to do on this thread ...