[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]

[cjambox]

Is there any min coin amount limit in pos ?

[111magic]

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://asktom.cf/index.php?topic=735170.msg9991269#msg9991269
https://asktom.cf/index.php?topic=735170.msg10025120#msg10025120
https://asktom.cf/index.php?topic=735170.msg10086494#msg10086494
https://asktom.cf/index.php?topic=735170.msg10182567#msg10182567

[K1lo]

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]

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
 

[goldlabel]

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
 

Wow serious, i hope its not your own

[thdim]

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.

[111magic]

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!

[111magic]

https://asktom.cf/index.php?topic=1095475.msg11673502#msg11673502

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

[lahlor]

https://asktom.cf/index.php?topic=1095475.msg11673502#msg11673502

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

[K1lo]

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..

[Masked_Immortal]

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://asktom.cf/index.php?topic=735170.msg9991269#msg9991269
https://asktom.cf/index.php?topic=735170.msg10025120#msg10025120
https://asktom.cf/index.php?topic=735170.msg10086494#msg10086494
https://asktom.cf/index.php?topic=735170.msg10182567#msg10182567

tanx magic111  very good info, there were very usefull

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

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

[Spexx]

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

I noticed you

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

[Spexx]

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

Not good

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

[111magic]

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

Not good

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

Magi XMG is not on that exchange!

[Spexx]

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

Not good

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

Magi XMG is not on that exchange!

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.

[inspiron]

Hello ppl

how many coins need to in wallet for getting a good steak>?

5k coin enuf?

[Spexx]

Hello ppl

how many coins need to in wallet for getting a good steak>?

5k coin enuf?

Not bad. You should get around 0.25 XMG per day when staked correctly

[K1lo]

Not bad. You should get around 0.25 XMG per day when staked correctly

Spexx could you elaborate on this ? For me staking just means having the symbol green on my client

[Spexx]

Not bad. You should get around 0.25 XMG per day when staked correctly

Spexx could you elaborate on this ? For me staking just means having the symbol green on my client

That is certainly an indicator, but to stake efficiently you need to send all your coins to yourself roughly every month, otherwise they become "stale" and will carry very little weight.

After you have sent all your coins to yourself, over the next two weeks you will observe the stake weight rising to a maximum which is around twice the number of coins in the wallet, then it will decline again over the following two weeks. The frequency with which POS rewards are received increases over the initial two weeks, then declines over the following two weeks.

If the wallet contains a lot of coins, it may not be possible to send all the coins to itself in one transaction. This simply means that the coins have to be split into multiple transactions. Allow a time delay of several minutes between multiple transactions to avoid a build-up in transaction fees.

I found in practice that it can be more convenient to run two (or more) wallets and send coins from one to the other, rather than sending coins to itself which might involve using the advanced coin control features provided in the wallet. Keeping it simple avoids confusion.

[inspiron]

Not bad. You should get around 0.25 XMG per day when staked correctly

Spexx could you elaborate on this ? For me staking just means having the symbol green on my client

That is certainly an indicator, but to stake efficiently you need to send all your coins to yourself roughly every month, otherwise they become "stale" and will carry very little weight.

After you have sent all your coins to yourself, over the next two weeks you will observe the stake weight rising to a maximum which is around twice the number of coins in the wallet, then it will decline again over the following two weeks. The frequency with which POS rewards are received increases over the initial two weeks, then declines over the following two weeks.

If the wallet contains a lot of coins, it may not be possible to send all the coins to itself in one transaction. This simply means that the coins have to be split into multiple transactions. Allow a time delay of several minutes between multiple transactions to avoid a build-up in transaction fees.

I found in practice that it can be more convenient to run two (or more) wallets and send coins from one to the other, rather than sending coins to itself which might involve using the advanced coin control features provided in the wallet. Keeping it simple avoids confusion.

what Actual POS reward rate in % Monthly or yearly