Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 943. (Read 2375939 times)

Thanks, must need to have more posts for that to show up.

You click "Profile" in the main nav bar, then "Forum Profile Information". Then first entry should be a link to change your avatar.
(Could be disabled for new accounts. Don't know.)

Trying to figure out how to change my avatar, it's not showing up as an option, any help?

Check here: http://bitcoingarden.tk/forum/index.php?topic=3315.msg89738#msg89738

No , mate PoM is Proof of Mining. That new brilliant campaign named Proof of Interest mean that you apply for it with your claimed amount coins , put into your wallet. You keep this amount at wallet during the period of campaign and receive an interest of your amount at the end of the period...

You renamed PoI to PoM?

Thinking about it, those monkeys would all need a typewriter as well

I honestly do not know if the staking mechanism protects against 51% attacks, either by design or by happy accident. I have never given it much thought. Someone more knowledgeable can educate me there, but I am inclined to think that it is irrelevant.

We used to have a situation where there were only two mining pools available for mining XMG. During that time, either one of them was in a position to launch a 51% attack at one point or another. It did not happen afaik. Even when a 51% attack is launched, there is no certainty that it will be successful. At current XMG spot prices, there is no incentive anyway so I don't lose any sleep over it.

Nice article here:-

http://libertystreeteconomics.newyorkfed.org/2014/11/bitcoin-how-likely-is-a-51-percent-attack.html

Almost right there. The block reward can go all the way down to zero (or "transaction fees only")


Absolutely, yes that is correct. I have my own thoughts about ROI and profitability etc of mining in general, which I do not share in public. It is linked inextricably with the spot price available on the coin exchange(s)

Mining is just one way of acquiring coins. Buying is another (and the easiest way). Trading coins for profit works as well. Participating in XMG Magi promotions is yet another way of acquiring coins. Staking coins in the wallet generates a modest return too. Then there are XMG faucets to grab the occasional drip from as well. Some are tempted to obtain coins by dishonest means ... innit.

Let me ask a question. When you go to work and earn some money, is that profit? I don't think so. Is it more profitable to go find a job with more pay? No it isn't, but it would be a better return on your investment. Now how about you decide to get a job with more pay and hand in your notice to quit with your current employer, only to find that they were planning on promoting you with better pay than the job you are now going to? Gutted? I hope you are happy in your new job lol

I think that the true state of affairs is that many miners will stick with a coin in the hope of a massive increase in spot price in the future. If you have ever dabbled with "penny shares" then you will know exactly what I mean. If you were lucky enough to acquire some Bitcoins when they were worth a fraction of a dollar, then I am already preaching to the converted here.


Yes, that could happen. People are at liberty to do as they want. I would like the big miners to go away. I don't always get what I want. I keep plugging away nevertheless.


People are at liberty to write their own code to run an XMG (M7M algorithm) miner on a GPU, or indeed any other computing device. The mining code is open source, so grab yourself a GPU compiler, get coding and knock yourself out. When everybody is at it then expect XMG block rewards to remain steadfastly close to zero, like now. It rapidly becomes a pointless exercise. Personally, I think it would be more entertaining to employ an army consisting of an infinite number of monkeys with an abacus each to see if they could solve the next block purely by chance (either that or to come up with the entire works of Shakespeare).

Happy hashing

No plans from me to extend the SweetSpot in this direction.

But if you are using the PC only for mining then.

1. Start SweetSpot.
2. Start the magi miner.
3. Go to your windows task manager.
4. Change the priority of minerd.exe from LOW to NORMAL.
5. Make sure the other miner is not called minerd.exe (rename if needed) otherwise sweetspot will try to control it too.
6. Start the other miner.
7. Go to your windows task manager.
8. Make the other miner priority LOW.

Hope you got the idea 

Right words Spexx!

-----------------------------------------------------

Magi Proof of Interest 2015 is now closed for registration!
The people who have signed up, welcome to the first Magi Proof of Interest.

The best solution is for big miners to show some restraint. They could halve their hashpower and get far more than twice the amount of XMG. However, I have been banging on about this for ages and there is no sign that this message is reaching any intelligence out there. Too many are stuck with "Bitcoin thinking" - hash harder - get more beer - doh. This old dogma of greed (which is difficult to un-learn I admit) will see the death of Bitcoin (and many others) in due course IMHO. The energy wasted with Bitcoin mining reached stupid proportions ages ago and will only get worse - it is a dead-end.

REMINDER: Register for the Magi Proof on Interest will en today at 20:00 hours CET!
http://bitcoingarden.tk/forum/index.php?topic=3265.0

Taskkill.exe [name of process to stop]

The Magi community is growing exponentially. After some times, after some PoM campaign, the big miners will exit the Magi mining. But more and more small miners will join Magi. So the hashrate will rise. And the block reward will be always low. Is it an fictive scare or a real one ? The magical Magi team does has a wonderful solution for that ?

I would have guessed that it would not be too difficult to run a batch file or command line when block rewards are below a certain level.
The biggest chalange will be to kill the process of the alternate miner when XMG rises above a pre-set block award I would guess. Do you have any ideas about that?

I could knock-up a noddy program for Windows to simply flag up when XMG block rewards are below a certain threshold (and/or equal to and above a certain threshold) and execute a command line (or a batch file or whatever) under either circumstance. I would only have to cut and paste from what I already have and alter a couple of lines to make that happen. Not rocket science. Perhaps if you wait for my next software release and pick through the batch code (which is fully documented inline so you can see how it works) you may be able to produce something for yourself. You will get a dilemma at the point where the block value data is unavailable (for whatever reason e.g. the data server goes down) and you have to decide what to do about that. I am not getting into the issue of "profitability" as a deciding factor - I cannot calculate that.

Good to hear that! Thanks for your respons!

They don't really have to build stuff for other coins but just include the option of running a command line string to start another miner when XMG profitability is too low to mine XMG. (and of course stop it when the XMG miner will be started again).
My CPU is running 24/7 anyway and I don't want any time to be wasted on idle time.

LOL understand what you mean Joe.
I wish sometimes there are more than 24 hours in a day! 

Hmm don't know what to say about this.
Ask our teammembers in the Magi thread to build things for other coins. Best thing to say that i'am proud of the Magi community and our teammembers.
 
Its great to see that their work is also appreciated by other coins!  Hope they pay the rewards in XMG!