[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 829.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: 111magic on June 21, 2015, 09:01:39 AM

Quote from: Spexx on June 21, 2015, 07:33:14 AM

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good Sad

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

Magi XMG is not on that exchange! Wink

Yes and hurrah for that! So much negative publicity about this exchange recently and a string of outages too. One has to wonder about their ability to survive.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Spexx on June 21, 2015, 07:33:14 AM

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good Sad

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

Magi XMG is not on that exchange! Wink

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

The Chinese exchange OKCoin has been down a long time now due to "technical issues".

Not good Sad

http://www.reddit.com/r/Bitcoin/comments/3alip0/okcoincom_down_for_12_hours_no_updates/

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: Masked_Immortal on June 21, 2015, 06:12:51 AM

and thank you Spexx, i have also redirected my little hash rate to your mentioned pool.

I noticed you Wink

Despite that lowish hashrate, you mined a block yesterday. Nice!

Masked_Immortal

member

Activity: 67

Merit: 10

Quote from: 111magic on June 19, 2015, 02:37:59 PM

Quote from: Masked_Immortal on June 19, 2015, 02:21:03 PM

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Here are some links with information:
Maybe they are convenient for you.
https://bitcointalksearch.org/topic/m.9991269
https://bitcointalksearch.org/topic/m.10025120
https://bitcointalksearch.org/topic/m.10086494
https://bitcointalksearch.org/topic/m.10182567

tanx magic111 very good info, there were very usefull

Quote from: Spexx on June 19, 2015, 02:38:50 PM

Quote from: Masked_Immortal on June 19, 2015, 02:21:03 PM

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Hi,

The proof-of-work mining is much more difficult than the proof-of-stake mining.

You need some good hashing power with the program minerd.exe to earn some XMG from proof-of-work mining.

The hashing power for proof-of-stake mining comes from the XMG wallet when opened for staking and does not need to do much work to mine a proof-of-stake block.

A proof-of-stake block is worth a lot less than a proof-of-work block.

There is symmetry for you Cheesy

and thank you Spexx, i have also redirected my little hash rate to your mentioned pool.

K1lo

full member

Activity: 151

Merit: 100

Moar mining!!! .. oh wait, that's too much

Quote from: 111magic on June 20, 2015, 05:08:53 PM

https://twitter.com/103tango/status/608697348491984896

There is another one. Post this one later!

Oh yes I forgot about cryptospout, good site and I knew about multifaucet but their XMG payouts are rubbish..

lahlor

member

Activity: 98

Merit: 10

Quote from: 111magic on June 21, 2015, 03:32:39 AM

https://bitcointalksearch.org/topic/m.11673502

New Proof of Mining Pool has own topic now!
Awesome to have a 2nd pool for the PoM.
Special thanks to Historical and Lahlor!

Awesome!
Thank you for the thread magic111

111magic

legendary

Activity: 1750

Merit: 1005

https://bitcointalksearch.org/topic/m.11673502

New Proof of Mining Pool has own topic now!
Awesome to have a 2nd pool for the PoM.
Special thanks to Historical and Lahlor!

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: thdim on June 20, 2015, 04:39:13 PM

Quote from: K1lo on June 20, 2015, 03:25:38 PM

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

There are 3 actually, check the end of my article i have a list of them.
http://thdim.istothesis.com/mining-your-first-coin/

But your question is actually very interesting, i would like to know as well how someone can build a faucet in xmg and if there is a ready solution for that.

Check this tweet more faucets!

https://twitter.com/103tango/status/608697348491984896

There is another one. Post this one later!

thdim

member

Activity: 67

Merit: 10

Quote from: K1lo on June 20, 2015, 03:25:38 PM

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

There are 3 actually, check the end of my article i have a list of them.
http://thdim.istothesis.com/mining-your-first-coin/

But your question is actually very interesting, i would like to know as well how someone can build a faucet in xmg and if there is a ready solution for that.

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: 111magic on June 20, 2015, 04:20:56 PM

Quote from: K1lo on June 20, 2015, 03:25:38 PM

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

Yes there are more faucet. I will post them later.
At a wedding atm
Grin

Wow serious, i hope its not your own Cheesy

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: K1lo on June 20, 2015, 03:25:38 PM

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

Yes there are more faucet. I will post them later.
At a wedding atm
Grin

K1lo

full member

Activity: 151

Merit: 100

Moar mining!!! .. oh wait, that's too much

I've noticed there aren't (with the exception of http://magi.steep.rocks/) any XMG faucets.. how come?

How much work would it be to set up my own faucet? Are there any off-the-shelf solutions like those that exist for bitcoin and other cryptocoins?

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: cjambox on June 20, 2015, 12:11:58 PM

Is there any min coin amount limit in pos ?

Welcome in our Magical Magi community!

Here are some links with information:
Maybe they are convenient for you.
https://bitcointalksearch.org/topic/m.9991269
https://bitcointalksearch.org/topic/m.10025120
https://bitcointalksearch.org/topic/m.10086494
https://bitcointalksearch.org/topic/m.10182567

cjambox

full member

Activity: 140

Merit: 100

Is there any min coin amount limit in pos ?

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: The Frisian on June 20, 2015, 08:01:45 AM

And spexx, why is your staking going extremely up and down?

My staking is relatively constant, but the rate at which I am mining POS blocks is variable, so the short-term stats go up and down in short periods of time. I might be lucky one hour, then not so lucky the next hour.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: The Frisian on June 20, 2015, 08:01:45 AM

Quote from: Spexx on June 20, 2015, 06:56:35 AM

Quote from: K1lo on June 20, 2015, 05:36:41 AM

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Grin

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Huh

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance Wink

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

Good idea the Frisian! I will take a look at some options for that! (PoS-II campaign)

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: Spexx on June 20, 2015, 06:56:35 AM

Quote from: K1lo on June 20, 2015, 05:36:41 AM

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Grin

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Huh

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance Wink

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: K1lo on June 20, 2015, 05:36:41 AM

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Grin

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Huh

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance Wink

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: K1lo on June 20, 2015, 05:36:41 AM

Quote from: Spexx on June 19, 2015, 05:19:10 PM

Yes it is

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Grin

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Huh

Lol always nice to see a reader ( lurker) join our Magical Magi community!
Welcome k1lo!

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 829. (Read 2375972 times)