CPU Mining turns fair for individual miners ** Anti-BotNet-Fuxors ** - page 2.

ebtc

newbie

Activity: 11

Merit: 0

Quote from: Amph on October 05, 2014, 04:40:58 AM

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

not at the price of less profit or not profit at all

first thing is always the profit for me, otherwise we are mining air

Those people mining bitcoins a few years ago for fun get millioned. Grin

Kimowa

sr. member

Activity: 448

Merit: 250

Quote from: SamWalters on October 20, 2014, 07:44:20 PM

There is new info about Magi

Magi XMG Timeline from Pre-launch until Now, and moving forward!!
- PDF doc coming soon of historical events with Magi

Preview:

Is it botnet proof?

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

There is a testnet miner out now; has anyone tried it yet?

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

There is new info about Magi

Magi XMG Timeline from Pre-launch until Now, and moving forward!!
- PDF doc coming soon of historical events with Magi

Preview:

Equate

hero member

Activity: 770

Merit: 500

Quote from: djm34 on October 07, 2014, 06:12:22 AM

Quote from: SamWalters on October 05, 2014, 02:16:48 PM

exactly why its a good theory to frustrate botnets as they are most likely to dump

and amph, it hasn't even hit a major exchange yet... unless you are a market maker, this isn't the audience it has attracted yet.

Botnet are always profitable no matter on what they run because they cost absolutely nothing to run... so you can increase, decrease the reward their profitability will still be here... Actually this coin is certainly the most botnet friendly ever created so far since they can even create scarcity on the coin by adding more bots... the current reward system only hurts people mining the coin in a fair way with a cpu... Grin

I won't even discuss the "it didn't hit a major exchange yet", we all know what happens when a coin hit a major exchange.... Grin

(usually it doesn't go the way you want Grin

)

Anycoin which turns profitable can be exploited by botnets but premines , instamines , pump n dumps , scam Devs hurt the currencies more than asics .

djm34

legendary

Activity: 1400

Merit: 1050

Quote from: SamWalters on October 05, 2014, 02:16:48 PM

exactly why its a good theory to frustrate botnets as they are most likely to dump

and amph, it hasn't even hit a major exchange yet... unless you are a market maker, this isn't the audience it has attracted yet.

Botnet are always profitable no matter on what they run because they cost absolutely nothing to run... so you can increase, decrease the reward their profitability will still be here... Actually this coin is certainly the most botnet friendly ever created so far since they can even create scarcity on the coin by adding more bots... the current reward system only hurts people mining the coin in a fair way with a cpu... Grin

I won't even discuss the "it didn't hit a major exchange yet", we all know what happens when a coin hit a major exchange.... Grin

(usually it doesn't go the way you want Grin

)

111magic

legendary

Activity: 1750

Merit: 1005

I am a buyer and not a miner. I think this is the best idea i have seen.
Buy only Magi XMG.
Fair coin I love it.

Quote from: FlyForFun on October 05, 2014, 08:05:19 AM

Quote from: Amph on October 05, 2014, 04:40:58 AM

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

not at the price of less profit or not profit at all

first thing is always the profit for me, otherwise we are mining air

Well botnet would ruin profit. So best is anti-botnet and anti-asic..

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

exactly why its a good theory to frustrate botnets as they are most likely to dump

and amph, it hasn't even hit a major exchange yet... unless you are a market maker, this isn't the audience it has attracted yet.

Quote from: FlyForFun on October 05, 2014, 08:05:19 AM

Quote from: Amph on October 05, 2014, 04:40:58 AM

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

not at the price of less profit or not profit at all

first thing is always the profit for me, otherwise we are mining air

Well botnet would ruin profit. So best is anti-botnet and anti-asic..

FlyForFun

sr. member

Activity: 243

Merit: 250

Quote from: Amph on October 05, 2014, 04:40:58 AM

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

not at the price of less profit or not profit at all

first thing is always the profit for me, otherwise we are mining air

Well botnet would ruin profit. So best is anti-botnet and anti-asic..

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

not at the price of less profit or not profit at all

first thing is always the profit for me, otherwise we are mining air

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: OrientA on October 03, 2014, 01:12:41 AM

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

Any updates from your end.. mining Magi yet?

I think its still doing well, there is constant progress reports going out from the community and devs

This campaign looks good: https://bitcointalksearch.org/topic/ann-proof-of-mining-campaign-xmg-magi-1st-pos-ii-tor-m7m-cpu-only-802681
As quoted ^^^

Quote

** Why this campaign? **
# This campaign will assist Magi to be a real CPU coin;
# We have some spare coins to giveaway Grin; seriously we need more miners to consolidate our CPU miner camp.
# This campaign in the meantime compensates CPU miners who have much less mining earnings;
# We do have a concern about the coin swap (check out the official thread); there would be many coins left and we don't want that is going to be a concern to all followers. We will giveaway these coins to the participates; however, we reserve the right how many coins being distributed (very much depending on number of participants), and when these coins are issued (to protect the market).

Here: https://bitcointalksearch.org/topic/ann-proof-of-mining-campaign-xmg-magi-1st-pos-ii-tor-m7m-cpu-only-802681

OrientA

sr. member

Activity: 462

Merit: 250

Quote from: evansearle42 on October 02, 2014, 10:33:39 PM

I prefer to have a GPU only coin, at least you stop botnet

Stopping botnet is much fairer.

evansearle42

sr. member

Activity: 366

Merit: 250

I prefer to have a GPU only coin, at least you stop botnet

trattrat

full member

Activity: 210

Merit: 100

Quote from: SamWalters on October 01, 2014, 10:44:32 PM

Quote from: trattrat on October 01, 2014, 08:21:54 AM

Its not botnet proof. Artificial limits only stop the honest.

What if that was possible? The developer is beyond no joke.. hes the right person, and I think once he has it down, it is something we can all benefit from... even mine, and I am not a big time miner, so this is very appealing to many people in similar position.

Even mining litecoin is costly and doesn't make sense.. and unless you were an early adopter, you don't benefit.

Check out magi's main thread.. seems like there is talks about combating it in different ways.

Its a wash. You either have ASICs or you have botnets.

TaylorSwift

newbie

Activity: 31

Merit: 0

So it doesn't payout much of anything? Whats the point to mine it then? I hate botnets but at the same time I would actually like to get something for mining it.

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: Mirkic7 on October 02, 2014, 01:04:26 AM

Quote from: OrientA on October 01, 2014, 11:44:04 PM

How does the coin resist botnet?

By cutting down reward for found blocks to useless. For everyone Undecided

Have you looked over the thread? It pretty much has a existing effect, but its being fine tuned regularly by the dev until there is a medium

Check out the PoM Campaign https://bitcointalksearch.org/topic/ann-proof-of-mining-campaign-xmg-magi-1st-pos-ii-tor-m7m-cpu-only-802681
Official Thread: https://bitcointalksearch.org/topic/ann-xmg-magi-cpu-mining-mpow-mpos-magipay-735170

Mirkic7

sr. member

Activity: 658

Merit: 252

Quote from: OrientA on October 01, 2014, 11:44:04 PM

How does the coin resist botnet?

By cutting down reward for found blocks to useless. For everyone Undecided

OrientA

sr. member

Activity: 462

Merit: 250

How does the coin resist botnet?

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Quote from: trattrat on October 01, 2014, 08:21:54 AM

Its not botnet proof. Artificial limits only stop the honest.

What if that was possible? The developer is beyond no joke.. hes the right person, and I think once he has it down, it is something we can all benefit from... even mine, and I am not a big time miner, so this is very appealing to many people in similar position.

Even mining litecoin is costly and doesn't make sense.. and unless you were an early adopter, you don't benefit.

Check out magi's main thread.. seems like there is talks about combating it in different ways.

Hityor_Petar

member

Activity: 118

Merit: 100

I doubt that this is botnet proof. Some pretty smart person somewhere in the interweb of the net will figure out how to get a botnet to dig this coin and rape like no other.

Topic: CPU Mining turns fair for individual miners ** Anti-BotNet-Fuxors ** - page 2. (Read 5833 times)

Topic: CPU Mining turns fair for individual miners Anti-BotNet-Fuxors - page 2. (Read 5833 times)