[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 911.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: massiveman on April 20, 2015, 08:57:45 AM

Thank you kindly

It's all cool. The problem we have been having is overmining. The XMG block reward value is not fixed and quickly drops to virtually zero when overmined. For the best illustration of this, visit this web page:-

Magi Block Reward Plotter

It is fairly easy to work out that the "sweet spot" on the graph is somewhere around 25 Mhashes per second total network hashrate. Now you only need 100 workers hashing away at 250 Khashes per second to achieve that total. We have a total of around 1000 workers right now, so you see the problem straight away, hopefully. It is a different concept to the usual "hash harder, more beer" regime of most cryptocoins.

light85bit

member

Activity: 99

Merit: 10

Quote from: 111magic on April 20, 2015, 09:50:34 AM

Quote from: goldlabel on April 19, 2015, 03:43:23 PM

Quote from: 111magic on April 19, 2015, 02:31:42 PM

Tremendously proudly i can announce that at this time the Fruitsclan are working on a new unique development!!!!
It remains a surprise! But a very good surprise! Grin

And we are proud that we can do that for XMG Wink

Thank you very much Goldlabel!

I dont know why but i have a feeling that this man has a sad smile Tongue

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: goldlabel on April 19, 2015, 03:43:23 PM

Quote from: 111magic on April 19, 2015, 02:31:42 PM

Tremendously proudly i can announce that at this time the Fruitsclan are working on a new unique development!!!!
It remains a surprise! But a very good surprise! Grin

And we are proud that we can do that for XMG Wink

Thank you very much Goldlabel!

light85bit

member

Activity: 99

Merit: 10

Quote from: massiveman on April 20, 2015, 08:20:55 AM

Actually I downloaded sweetspot and saw the pool listed there. so you don't have to go to the POM thread to learn about it. Also I don't think I did go ooohhh ohhhh, you were the one moaning like a little biatch saying it was my second warning, at that point I didn't even know who historical was or that there were rules, why would I lower my hashrate because(as far as i was concerned), some random was telling me to. And I stopped mining as soon as historical clarified the situation.

To think about the bright side, if that wasnt massiveman, the devs wont add the max hash rule to the homepage, then many more miners will be banned because they dont know about the rules and they are not here. It's that good? That's for the better of our magical world Roll Eyes

massiveman

member

Activity: 112

Merit: 10

Thank you kindly

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: joelao95 on April 20, 2015, 01:04:11 AM

Quote from: joelao95 on April 17, 2015, 10:07:42 PM

[ANN][2nd Proof of Mining Campaign]

Details: https://bitcointalksearch.org/topic/ann2nd-proof-of-mining-campaign-coin-magi-pos-ii-pomunique-blk-reward-1028548

Official pool for PoM: https://pom.m-hash.com (thanks to Historical)

Open registration: April 19, 2015

ATTN: all participants, please fill out the following form:

https://docs.google.com/forms/d/1gRtkfhMhWx2jAD-p74FakfyjchYNQZuD2A7i0OCitQw/viewform?usp=send_form

To make it complete here is the form.

111magic

legendary

Activity: 1750

Merit: 1005

massiveman

member

Activity: 112

Merit: 10

Also guys the hashrate just tripled. I'm thinking this is no longer just CPU?

massiveman

member

Activity: 112

Merit: 10

Actually I downloaded sweetspot and saw the pool listed there. so you don't have to go to the POM thread to learn about it. Also I don't think I did go ooohhh ohhhh, you were the one moaning like a little biatch saying it was my second warning, at that point I didn't even know who historical was or that there were rules, why would I lower my hashrate because(as far as i was concerned), some random was telling me to. And I stopped mining as soon as historical clarified the situation.

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: z0n0 on April 20, 2015, 06:36:40 AM

Quote from: 111magic on April 20, 2015, 06:18:39 AM

Quote from: Spexx on April 20, 2015, 06:11:09 AM

Absolutely, but maybe I might have put the bit about the max hash rate right under the pool title ... if it were me Wink

Just noticed the information is on the first page of the pool.
And i also agree with Goldlabel. This is the special PoM pool and is not on the list in the original thread.
Only way to get there is by reading the Proof of Mining thread.

I know that, totaly agree...but there are induviduals (like masiveman) ystday who say: "oohh oohhhh, i didn't know, on home from page doesn't say anything about rules"

When i saw that message"oohh oohhhh, i didn't know", this is what i did,

z0n0

legendary

Activity: 1274

Merit: 1006

Quote from: 111magic on April 20, 2015, 06:18:39 AM

Quote from: Spexx on April 20, 2015, 06:11:09 AM

Absolutely, but maybe I might have put the bit about the max hash rate right under the pool title ... if it were me Wink

Just noticed the information is on the first page of the pool.
And i also agree with Goldlabel. This is the special PoM pool and is not on the list in the original thread.
Only way to get there is by reading the Proof of Mining thread.

I know that, totaly agree...but there are induviduals (like masiveman) ystday who say: "oohh oohhhh, i didn't know, on home from page doesn't say anything about rules"

Historical

sr. member

Activity: 269

Merit: 252

Quote from: z0n0 on April 20, 2015, 05:23:06 AM

Just a thought...

Chnaged amigo. Grin

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Spexx on April 20, 2015, 06:11:09 AM

Absolutely, but maybe I might have put the bit about the max hash rate right under the pool title ... if it were me Wink

Just noticed the information is on the first page of the pool.
And i also agree with Goldlabel. This is the special PoM pool and is not on the list in the original thread.
Only way to get there is by reading the Proof of Mining thread.

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: z0n0 on April 20, 2015, 05:09:10 AM

Quote from: Spexx on April 20, 2015, 05:03:24 AM

I can't be the only one to notice that the XMG block rewards have been increasing significantly. This is entirely due to the total hashrate from all the pools coming down dramatically. We have gone from over 50 Mh/s to under 38 Mh/s over the last day or two.

So the message is finally getting across is it? Hurrah! This is a real triumph.

You're not the only one

My ass is laughin as well Wink

That good sign! Thanks for sharing the information!

goldlabel

hero member

Activity: 575

Merit: 502

Quote from: z0n0 on April 20, 2015, 05:23:06 AM

Just a thought...

They all know the rules coz this pool is not in the pool list so they know how it works, but for the people who didnt read it its better to putt it in de banner

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: z0n0 on April 20, 2015, 05:23:06 AM

Just a thought...

Absolutely, but maybe I might have put the bit about the max hash rate right under the pool title ... if it were me Wink

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Londe on April 20, 2015, 03:38:24 AM

PoM3 donated percentages from us older miners going to newer ones with limited hash rates for a set amount of time to help them started? Just a thought.

Nice idea! You mean this for POM3?

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: z0n0 on April 20, 2015, 04:42:09 AM

111magic, can you pls enlighten us how does POI and POM really works ( with numbers / % ).

For example:
POI - If I started campaign with 1000XMG in my wallet, how many interest/XMG will I get at the end of POI? (BTW - when is the end of POI?)

POM: If I constantly provide 200 kh/s and lets say mine 500 XMG in two months, how many XMG extra will I earn?

Sorry if that was already answered - wouldn't ask if I'd knew.

Thanks, cheers.

Hi amigo.

No problem!.
We always tell everybody if you have questions don't hesitate just ask.
About the Proof of Interest. The payouts will be done directly after finish. Juni-01-2015
The reward at the moment looks very good i think. I can not give you numbers yet.
What i will do is posting a form with all the walletaddresses and their balance from the start.
Except the walletaddresses from the people who asked me to keep them private.
I also can post the total balance of XMG what is in the Proof of Interest.

Second question: Proof of Mining
The Proof of Mining is something different. The team is still talking about the rewarding system.
But first thing i need to have is deadline for joining the Proof of Mining.
After that Team can count the people who are in and with what kind of hashrate.
Than we also can set the rewards.

I hope these answers are good enough for you at the moment.
If i have more information i will share it directly here.

z0n0

legendary

Activity: 1274

Merit: 1006