[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 849.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: mickey mouse on June 08, 2015, 06:02:11 AM

Feathercoin was assaulted with a 51-percent attack in 2013

http://www.coindesk.com/feathercoin-hit-by-massive-attack/

You might like to think of it as a "51% attack" but in fact that was an "88% attack".

Total hashrate went from around 0.2 to 1.5 Gh/s during the attack.

88% greatly increases the chances of a successful attack and the blockchain is solely POW in Feathercoin's case. At the time, Feathercoin was vulnerable to such attack due to lack of mining support.

mickey mouse

newbie

Activity: 8

Merit: 0

Quote from: Spexx on June 08, 2015, 04:58:09 AM

Quote from: ElMacho20000 on June 08, 2015, 02:47:05 AM

My very humble point of view on 51% attack is BULLSHIT! unless someone proves it.

I am pleased that there are others prepared to call "foul" on this one.

I can't find a single scholarly article to back it up. All references lead back to a single source, often quoted verbatim. I remain a skeptic. I require proof.

One has to ask why it has never been demonstrated. Could that be because it is practically impossible? As I understand it, an attacker needs to 1) solve a minimum of two consecutive transaction blocks before anybody else does AND 2) convince the rest of the network to cooperate. Logically, it falls down at stage 1 because no matter how much hashpower you have, you cannot guarantee that someone else will not solve the block before you.

Feathercoin was assaulted with a 51-percent attack in 2013

http://www.coindesk.com/feathercoin-hit-by-massive-attack/

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: ElMacho20000 on June 08, 2015, 02:47:05 AM

My very humble point of view on 51% attack is BULLSHIT! unless someone proves it.

I am pleased that there are others prepared to call "foul" on this one.

I can't find a single scholarly article to back it up. All references lead back to a single source, often quoted verbatim. I remain a skeptic. I require proof.

One has to ask why it has never been demonstrated. Could that be because it is practically impossible? As I understand it, an attacker needs to 1) solve a minimum of two consecutive transaction blocks before anybody else does AND 2) convince the rest of the network to cooperate. Logically, it falls down at stage 1 because no matter how much hashpower you have, you cannot guarantee that someone else will not solve the block before you.

111magic

legendary

Activity: 1750

Merit: 1005

Welcome ELMacho20000

Thanks for your respons. Wink

Hope you like the latest development! Grin

And check this link also:
http://www.thefruitsclan.nl/index.php/nl/?option=com_content&view=article&layout=edit&id=108

ElMacho20000

member

Activity: 76

Merit: 10

Quote from: th3.r00t on June 07, 2015, 11:59:44 AM

I read and read few pages and get the same and same:
- 51% will kill the coin
- 51% will makes other blocks orphan;
- 51% will make the price to hit bottom;
- 51% will invite the Big Bad wolf (not to be mistaken with Wolf0 Cool

) into our community;

Come on guys this could be true only if XMG were PoW only coin...

But magi is not,

More than 64% of the blocks are PoS.

How the 51% attack will be succesfull when 2 out of 3 blocks are generated from bagholders like me Wink

and not from Buldozers?

Hello to everybody,weekend is a no computer time for me, so I'm trying to catch up with all these discussions Grin

This is exactly the point, how can you orphan all the blockchain if it's generated with PoS? You should have 51% of hashpower + 51% of already mined coins?
Btw, I have some old theoretical issues with the 51% attack that always made me shake my head.
My very humble point of view on 51% attack (or on SUSY, austerity and other stuff) is BULLSHIT! unless someone proves it.

Let's keep it real and skyrocket magi to mars, so we can buy an isle on Polynesia and settle down Tongue

111magic

legendary

Activity: 1750

Merit: 1005

https://bitcointalksearch.org/topic/your-top-5-cryptocurrencies-2015-version-1079851

Just post this topic here for your (all Magi community) information.
I will not ask our community to post or vote because it is not the first topic with this subject and also not the last!!!
Grin

OBAViJEST

hero member

Activity: 714

Merit: 500

Has anyone else noticed a large drop in rewards today, over at pom.m-hash?

The last few days, i was netting (an average of) ~15-20 XMG/day. Before then, I would run my miners off and on, but still receive around 10 coin.

My balance right now is .5, if that. I really put those poor little cores to work, too!

OBAViJEST

hero member

Activity: 714

Merit: 500

Quote from: Spexx on June 07, 2015, 04:44:40 PM

Quote from: OBAViJEST on June 07, 2015, 02:43:59 PM

Quote from: Spexx on June 07, 2015, 02:33:45 PM

Quote from: OBAViJEST on June 07, 2015, 02:31:27 PM

switching the subject up a bit - has 48 hours passed yet? I've never had such a burning desire to intentionally break someone's hard work!

No it hasn't been 48 hours yet. I am typing up the release notes now. The package is ready to go.

Soon ... very soon Cheesy

sweeeeet....did you still need any help/FAQ/readme files written? Just curious if any other sort of documentation has been drafted (or planned)

So ... have you broken it yet? Grin

The answer to your question is in the release notes.

No problems yet. Away from my PC right now, but when I was messing around with the program, all I could think about was how to properly structure such a help file lol

I'll be brushing up on my HTML tonight, for sure!

Now I'm more focused on writing help documentation, than breaking the thing as originally intended Grin

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: ex33s on June 07, 2015, 04:26:14 PM

Quote from: 111magic on June 07, 2015, 04:24:00 PM

Quote from: ex33s on June 07, 2015, 04:21:00 PM

Quote from: 111magic on June 06, 2015, 12:51:09 AM

Quote from: ex33s on June 06, 2015, 12:45:28 AM

Hi guys,
I have to temporary close http://poolinfo.coinmagi.org/, this due to a server move. The site will be up and running within 24h agian.
Sorry if this causes any inconvenience.

No problem ex33s! Thanks for inform the community. Could you leave a message when its back online?

Hi all,
http://poolinfo.coinmagi.org/ is back online again, I'm so sorry for any inconvenience the downtime of the site.

Thanks for the update ex33s! Good to hear from you!

Thanks man! Hopefully I'll get some more time now do work my kind of magi(c).

That would be awesome amigo! Think the community is happy to see your activity here again.
You already made some nice developments for XMG!

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: OBAViJEST on June 07, 2015, 02:43:59 PM

Quote from: Spexx on June 07, 2015, 02:33:45 PM

Quote from: OBAViJEST on June 07, 2015, 02:31:27 PM

switching the subject up a bit - has 48 hours passed yet? I've never had such a burning desire to intentionally break someone's hard work!

No it hasn't been 48 hours yet. I am typing up the release notes now. The package is ready to go.

Soon ... very soon Cheesy

sweeeeet....did you still need any help/FAQ/readme files written? Just curious if any other sort of documentation has been drafted (or planned)

So ... have you broken it yet? Grin

The answer to your question is in the release notes.

ex33s

sr. member

Activity: 476

Merit: 250

Quote from: 111magic on June 07, 2015, 04:24:00 PM

Quote from: ex33s on June 07, 2015, 04:21:00 PM

Quote from: 111magic on June 06, 2015, 12:51:09 AM

Quote from: ex33s on June 06, 2015, 12:45:28 AM

Hi guys,
I have to temporary close http://poolinfo.coinmagi.org/, this due to a server move. The site will be up and running within 24h agian.
Sorry if this causes any inconvenience.

No problem ex33s! Thanks for inform the community. Could you leave a message when its back online?

Hi all,
http://poolinfo.coinmagi.org/ is back online again, I'm so sorry for any inconvenience the downtime of the site.

Thanks for the update ex33s! Good to hear from you!

Thanks man! Hopefully I'll get some more time now do work my kind of magi(c).

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: ex33s on June 07, 2015, 04:21:00 PM

Quote from: 111magic on June 06, 2015, 12:51:09 AM

Quote from: ex33s on June 06, 2015, 12:45:28 AM

Hi guys,

I have to temporary close http://poolinfo.coinmagi.org/, this due to a server move. The site will be up and running within 24h agian.

Sorry if this causes any inconvenience.

No problem ex33s! Thanks for inform the community. Could you leave a message when its back online?

Hi all,

http://poolinfo.coinmagi.org/ is back online again, I'm so sorry for any inconvenience the downtime of the site.

Thanks for the update ex33s! Good to hear from you!

ex33s

sr. member

Activity: 476

Merit: 250

Quote from: 111magic on June 06, 2015, 12:51:09 AM

Quote from: ex33s on June 06, 2015, 12:45:28 AM

Hi guys,

I have to temporary close http://poolinfo.coinmagi.org/, this due to a server move. The site will be up and running within 24h agian.

Sorry if this causes any inconvenience.

No problem ex33s! Thanks for inform the community. Could you leave a message when its back online?

Hi all,

http://poolinfo.coinmagi.org/ is back online again, I'm so sorry for any inconvenience the downtime of the site.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: JoaoBaptista on June 07, 2015, 02:45:37 PM

Hi guys

why the sudden increase in difficulty?! What's going on?

We had a bulldozer start up on one of the pools a while back. It destabilized the difficulty/block reward but they have ceased operations and the situation is re-stabilizing now. Expect block rewards to increase again soon. The difficulty has already gone down but the block rewards tend to lag behind.

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: 111magic on June 07, 2015, 03:38:16 PM

Quote from: OBAViJEST on June 07, 2015, 01:18:16 PM

Quote from: goldlabel on June 07, 2015, 01:03:59 PM

Quote from: 111magic on June 07, 2015, 12:49:29 PM

Quote from: 111magic on June 06, 2015, 05:58:29 PM

Magi (XMG) keeps going on with awesome developments!
With the great support from theFruitsClan a new project will be in progress!
If you have a special request just post them here.

To ask the community for their favorite game TheFruitsClan will make a form where you can tell us what's you're favorite game!

Hi you all,
i want to ask you to fill out the from, we want to make some gameservers for you and we want to know what game would you like to have.
http://www.thefruitsclan.nl/index.php/nl/?option=com_content&view=article&layout=edit&id=108

thx Wink

Voted! Well, voted for CS:S and CS:GO if that is allowed...but did my vote go through? There was no confirmation. Put up a results chart!

BTW, I'll message you or hop on TeamSpeak in the next hour or so, if that's okay. Doing some work from home because of my injury Undecided

Nice, Pick your favorite!! Wink

XMG coin of Magi
Counterstrike Source
Counterstrike go
Team Fortress 2
Others

for those who are choked from some pictures, we are not dangerous only in a game Grin

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: OBAViJEST on June 07, 2015, 01:18:16 PM

Quote from: goldlabel on June 07, 2015, 01:03:59 PM

Quote from: 111magic on June 07, 2015, 12:49:29 PM

Quote from: 111magic on June 06, 2015, 05:58:29 PM

Magi (XMG) keeps going on with awesome developments!
With the great support from theFruitsClan a new project will be in progress!
If you have a special request just post them here.

To ask the community for their favorite game TheFruitsClan will make a form where you can tell us what's you're favorite game!

Hi you all,
i want to ask you to fill out the from, we want to make some gameservers for you and we want to know what game would you like to have.
http://www.thefruitsclan.nl/index.php/nl/?option=com_content&view=article&layout=edit&id=108

thx Wink

Voted! Well, voted for CS:S and CS:GO if that is allowed...but did my vote go through? There was no confirmation. Put up a results chart!

BTW, I'll message you or hop on TeamSpeak in the next hour or so, if that's okay. Doing some work from home because of my injury Undecided

its not a voting/pool, its more to see what games people want to see thats why there is no results chart and i look if there is a comfirmation option. Wink

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: OBAViJEST on June 07, 2015, 01:18:16 PM

Quote from: goldlabel on June 07, 2015, 01:03:59 PM

Quote from: 111magic on June 07, 2015, 12:49:29 PM

Quote from: 111magic on June 06, 2015, 05:58:29 PM

Magi (XMG) keeps going on with awesome developments!
With the great support from theFruitsClan a new project will be in progress!
If you have a special request just post them here.

To ask the community for their favorite game TheFruitsClan will make a form where you can tell us what's you're favorite game!

Hi you all,
i want to ask you to fill out the from, we want to make some gameservers for you and we want to know what game would you like to have.
http://www.thefruitsclan.nl/index.php/nl/?option=com_content&view=article&layout=edit&id=108

thx Wink

Voted! Well, voted for CS:S and CS:GO if that is allowed...but did my vote go through? There was no confirmation. Put up a results chart!

BTW, I'll message you or hop on TeamSpeak in the next hour or so, if that's okay. Doing some work from home because of my injury Undecided

Nice, Pick your favorite!! Wink

XMG coin of Magi
Counterstrike Source
Counterstrike go
Team Fortress 2
Others

JoaoBaptista

newbie

Activity: 19

Merit: 0

Hi guys

why the sudden increase in difficulty?! What's going on?

OBAViJEST

hero member

Activity: 714

Merit: 500

Quote from: Spexx on June 07, 2015, 02:33:45 PM

Quote from: OBAViJEST on June 07, 2015, 02:31:27 PM

switching the subject up a bit - has 48 hours passed yet? I've never had such a burning desire to intentionally break someone's hard work!

No it hasn't been 48 hours yet. I am typing up the release notes now. The package is ready to go.

Soon ... very soon Cheesy

sweeeeet....did you still need any help/FAQ/readme files written? Just curious if any other sort of documentation has been drafted (or planned)

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: OBAViJEST on June 07, 2015, 02:31:27 PM

switching the subject up a bit - has 48 hours passed yet? I've never had such a burning desire to intentionally break someone's hard work!

No it hasn't been 48 hours yet. I am typing up the release notes now. The package is ready to go.

Soon ... very soon Cheesy

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 849. (Read 2376080 times)