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

[Enzyme]

Is my CPU fast or slow?
It's Tempest.1.

[halfnode]

When it's staking, what causes the stake reward to be Generated but not accepted? I have two stakes in a row that is having this status 

[ItsValium]

I have a couple of hundred magicoins in my wallet now and have a question regarding the staking of them. I have to make a payment to myself with the amount of coins in my wallet to receive the rewards. Do I have to repeat the payment every time I receive a reward or will the keep coming in on their own?

Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

So just to be very clear, since English is not my native language and I'm confused by this post :

After sending them to yourself staking reward comes in every time on his own.

These are the steps I think need to be done
1. Make a payment to myself
2. Wait for reward to come in

And that's it? I was under the impression that after you get a reward you have to make a new payment to yourself before the staking of those coins started again.

Regards

[111magic]

I have a couple of hundred magicoins in my wallet now and have a question regarding the staking of them. I have to make a payment to myself with the amount of coins in my wallet to receive the rewards. Do I have to repeat the payment every time I receive a reward or will the keep coming in on their own?

Maintaining a couple of hundred coins in one transaction will give good results, but it's tedious to do this every time you get reward. It's fine if you put all coins (say a couple of hundred, not big amount) in one transaction after undergoing a few times of staking.

So just to be very clear, since English is not my native language and I'm confused by this post :

After sending them to yourself staking reward comes in every time on his own.

These are the steps I think need to be done
1. Make a payment to myself
2. Wait for reward to come in

And that's it? I was under the impression that after you get a reward you have to make a new payment to yourself before the staking of those coins started again.

Regards

I was looking in the thread for a good explanation about staking. But we lost a lot of posts during the bitcointalk crash! (I thought we had already more than 300 pages) So best thing is that Joe, Spexx or Wolf make a new post about how staking works.

[111magic]

Coin of the future! Like Bill Gates says : Bitcoin alone is not good enough!

New MAGI's motto?

Hmmm... well the mantra I have been using for a while now is:-

"XMG Magi the coin of the future, here today"

and another one to consider is:-

"With XMG you have to work smart, not hard"

I must get around to having that T-shirt printed

  like this subject.
But the one about Bill Gates is something hè said. https://www.cryptocoinsnews.com/bill-gates-bitcoin-bitcoin-alone-not-good-enough/
I also like; Magi the unique next generation coin.
and this one; Magi people's choice, the rising star!
 

Remember this one: mining Magi is how Satoshi meant mining to be for BTC in 2009!

[Zywiec]

Many ideas. Probably we should open pool to gather and find out the best motto. I like it!

Btw. The market are going to be bullish. Nice smoothly moves upward.

[Crypto_Lobbyist]

Welcome on board. Nice to be there. I'd look forward to be part of MAGI.

Version with Bill Gates( motto''s issue) was perfect. Bill is legendary, automatically my brain related MAGI as massive and succesful project.

[mintminty59]

Yes could someone give a breif overview on what staking is, and how to achieve it as this looks interesting

[halfnode]

You can get an idea of the POS on the first post on the page.

https://asktom.cf/index.php?topic=735170.msg8307440#msg8307440

My understanding is that it is basically ensuring you have coins that have matured and able to earn interest. The interest is based on how much XMG is mined and then compared against how much coins you have that have matured. You'll need to move coins between addresses to renew their age and start staking again when your coins go past the peak matured age i.e, the 10% mentioned in the post past day 5 should be sent to new address to start staking again.

Hope this helps!

[Spexx]

So .... nobody willing to help with testing a new minerd.exe for me? OK stick with your slower versions for now then.

[mintminty59]

Helps a lot thanks, sounds a bit of a ball ache for a fraction of a coin, so I pass on that

[hefty]

So .... nobody willing to help with testing a new minerd.exe for me? OK stick with your slower versions for now then.

i am just send me the file i have intel and amd cpus to test with

[hefty]

i can test 2 dc haswells for you 4790k and 4690k

[Vlizzjeffrey]

had to buy some after reading this topic, this is looking really good

[hefty]

i tried wolf0 m7m i7 miner and it more than doubled mine hashrate from 28 to 66 on 4790k   thanks i will now try other cpus

what edition of wolf0 miner should i download for phenoms and what for visheras

after a while hash on 4790k is now at 80 khashs its 10khashs per thread

phenom 1055t on generic wolf0 miner have 7.5 per core so 44.1 khashs from 17  khash with non optimized miner

[111magic]

Magi team welcomes all new guys in the community!
And Spexx I see some responses on your request for testing. Nice!

[NewtonsMthd]

In the end, I joined a pool...and since then, I've mined four blocks worth 55 XMG, and I've earned a touch over 6 XMG, before fees...Not the most encouraging of numbers..

[Spexx]

Thanks for the offers to test the minerd, but I needed responses long ago. Now my son is awake I can use his Haswell and I can tell you that the new minerd I compiled for Haswell works just fine and is faster than anything else out there for Windows.

I now have a collection of new Windows XMG miners for 32 bit, Generic 64 bit, 64 bit AVX and 64 bit AVX2. They are good, but I can get them to run even faster given a bit of time. My main problem is that the source code does not support http/getwork so solo mining with these new miners is simply not possible. This also means that they are not fully compatible with my software suite, so I can't really release them as an "official" update - that will have to wait until a patched version of the source code is available. Hopefully that will be soon, because I am not going to put hours upon hours of effort into it until that is so.

What I will do is put a little package together with some instructions on how to use it with my software suite - you will have to manually edit one file but it is no more complicated than that because I anticipated the use of "other" miners when I wrote it

Watch this thread for details a bit later.

[jawitech]

Thanks for the offers to test the minerd, but I needed responses long ago. Now my son is awake I can use his Haswell and I can tell you that the new minerd I compiled for Haswell works just fine and is faster than anything else out there for Windows.

I now have a collection of new Windows XMG miners for 32 bit, Generic 64 bit, 64 bit AVX and 64 bit AVX2. They are good, but I can get them to run even faster given a bit of time. My main problem is that the source code does not support http/getwork so solo mining with these new miners is simply not possible. This also means that they are not fully compatible with my software suite, so I can't really release them as an "official" update - that will have to wait until a patched version of the source code is available. Hopefully that will be soon, because I am not going to put hours upon hours of effort into it until that is so.

What I will do is put a little package together with some instructions on how to use it with my software suite - you will have to manually edit one file but it is no more complicated than that because I anticipated the use of "other" miners when I wrote it

Watch this thread for details a bit later.

Awesome Spexx!

[joelao95]

These are the steps I think need to be done
1. Make a payment to myself
2. Wait for reward to come in

And that's it? I was under the impression that after you get a reward you have to make a new payment to yourself before the staking of those coins started again.

Regards

We got a bunch of posts all over around. Firstly let me answer the question. Staking is always enabled whenever there is a balance in the wallet (if password is set, unlock it). When you get a PoS reward, NO NEED of "make a new payment to yourself" in order to initiate staking again. Sending new payment to self is a way to optimize staking, according to PoS-II design. What happens when a PoS reward is received is coin splitting. Let's say you send 500 XMG initially for staking; in this case, 500 XMG is stored in one transaction. You can see that by enabling "Display coin control features (experts only!)" (wallet-> Settings -> Options -> Display), then go to "Send coins" tab -> inputs. Once a stake is generated, 500 XMG gets splitted and becomes 2 x 250 XMG with 250 XMG per transaction. The staking will then proceed with two transactions. You can see that getting reward for the 250 XMG staking needs extra time compared to 500XMG staking, but you have 2 staking going on simultaneously. Keep track of the splitting by viewing inputs and do a resending once coins per transaction are too less (say < 50).  I'll experiment this further to get a much clear idea on how the spltting is going and when is the best time to perform a sending-coins-to-self.

Yes could someone give a breif overview on what staking is, and how to achieve it as this looks interesting

If you're new to PoS, here is a wiki info and google search: http://en.wikipedia.org/wiki/Proof-of-stake

In addition to above, to stake effectively: Don't send significant amount of coins at once in one transition in order to get interest easily, that's not the case for PoS-II. Don't send coins during staking, or stake time will be reset. Don't keep the wallet offline for more than 5 days in any circumstance, or you need to reset the stake time.