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

[joelao95]

Where can I get a working Wallet for my new Ubuntu? Or where can find a little howto for the dependencies and the compilation?

You can follow the steps here; it's quite easy for linux os: https://asktom.cf/index.php?topic=735170.msg8800103#msg8800103 You'll only need #5 and #9. Let me know any issues you run into.

[joelao95]

Thanks Joe,
I had the last few weeks the pressure at work.
The situation is better now, so I could share the idea that I discussed with you and developers some time ago...
Idea is to build some kind of "Magi price stabilisation project". That's not my idea, I found it somewhere and adapt it..
The project is based on BTC cloud mining (or something like that - LTC, X11). Daily / weekly BTC income from BTC cloud services will be used to purchase XMG on exchanges and to send them to participants (investors) at particular dividend.
But unlike the usual purchases at the sale price on exchange, daily/weekly earned BTC will be used to make buy orders with buy price. There is no instantly buying of XMG at sale price.
And here come some MagiC:
- long-term, BTC income from cloud service is long term, 3, 6, 12, 60 months.. So once invested some BTC in cloud mining provides long term receiving of XMG..
- long-term, "Price stabilisation" builds "buy wall", so Magi price can't drop if someone drop huge amount of XMG on exchange. Participants receive their XMG at buy price..
- long-term, if price go up, and buy orders are not executed, buy orders price will be moved slightly up with the price, that's what is goal of project. Increase of XMG price is what we all want !!

Normally, that is only my idea. Details will be adapted to what the community wants.
There are many BTC cloud mining services, some are good some not, some profitable some not, some reliable some untrustworthy, help and experiences of anyone are welcome..

If there is enough interest, I can start with that...

Historical, thanks for the details posted. I was thinking of this but felt not yet the time, either way it'll be good to see people's suggestions. I was 90% on this project as soon as you proposed the idea some time ago. If there is insufficient amout of BTC invested by the community, I / the magi team will try to raise up the amount. In other means, even without enough support from people, we will try to make it. We can decide how these coins are being spent in this case later on (e.g., team funds if possible). Ideally it will be very good being a project of the community. To me this is absolutely a nice one, and I'd push it forward in any form. I will be adding this as an official project; of course, this project can't be going without you. So I am sure we will have you in a reasonable long period, but let's arrange everything comfortably; I don't mind how much time taken to launch it . Basically my question is roughly how much BTC you have in mind in order to launch it.

Other than that, like Marcel mentioned, we have to find stable sources which allow mining service at least in one year long.

Joe mentioned this idea. In general, it's not a bad one. But I have doubts if cloud mining in the current situation really makes sense. BTC price is low and many established cloud mining companies are in trouble, probably need to suspend their mining contracts when price goes < $200 again.
In my opinion it will make sense when the price reaches some level of stability at $300 or even higher.

This is a good question; low BTC price also means the right moment for mining though, provided that we can find provider who have good reputation and allow us mining sufficiently long time. We may look into altcoin mining too. Options other than cloud mining might be buying mining rig and get it hosted somewhere, but this could never be an easy task.

Others, ideas?

[Spexx]

Windows 64 bit miner

I have just released a new version of the generic 64 bit miner on the same link as before. This is a standalone minerd.exe which does not require any dll files for support. This version should run better under most conditions.

https://www.dropbox.com/s/ydk8z59wwgysh1e/Spexx-Wolf0-V2-generic-Win64-XMGminerd.zip

I have also compiled a version specifically for AVX instruction set support ... well three different versions actually ... but none of them are as fast as the generic version, which is a bit of a puzzle right now. I think I need a beer

[ItsValium]

Thanks Joe,
I had the last few weeks the pressure at work.
The situation is better now, so I could share the idea that I discussed with you and developers some time ago...
Idea is to build some kind of "Magi price stabilisation project". That's not my idea, I found it somewhere and adapt it..
The project is based on BTC cloud mining (or something like that - LTC, X11). Daily / weekly BTC income from BTC cloud services will be used to purchase XMG on exchanges and to send them to participants (investors) at particular dividend.
But unlike the usual purchases at the sale price on exchange, daily/weekly earned BTC will be used to make buy orders with buy price. There is no instantly buying of XMG at sale price.
And here come some MagiC:
- long-term, BTC income from cloud service is long term, 3, 6, 12, 60 months.. So once invested some BTC in cloud mining provides long term receiving of XMG..
- long-term, "Price stabilisation" builds "buy wall", so Magi price can't drop if someone drop huge amount of XMG on exchange. Participants receive their XMG at buy price..
- long-term, if price go up, and buy orders are not executed, buy orders price will be moved slightly up with the price, that's what is goal of project. Increase of XMG price is what we all want !!

Normally, that is only my idea. Details will be adapted to what the community wants.
There are many BTC cloud mining services, some are good some not, some profitable some not, some reliable some untrustworthy, help and experiences of anyone are welcome..

If there is enough interest, I can start with that...

Historical, thanks for the details posted. I was thinking of this but felt not yet the time, either way it'll be good to see people's suggestions. I was 90% on this project as soon as you proposed the idea some time ago. If there is insufficient amout of BTC invested by the community, I / the magi team will try to raise up the amount. In other means, even without enough support from people, we will try to make it. We can decide how these coins are being spent in this case later on (e.g., team funds if possible). Ideally it will be very good being a project of the community. To me this is absolutely a nice one, and I'd push it forward in any form. I will be adding this as an official project; of course, this project can't be going without you. So I am sure we will have you in a reasonable long period, but let's arrange everything comfortably; I don't mind how much time taken to launch it . Basically my question is roughly how much BTC you have in mind in order to launch it.

Other than that, like Marcel mentioned, we have to find stable sources which allow mining service at least in one year long.

Joe mentioned this idea. In general, it's not a bad one. But I have doubts if cloud mining in the current situation really makes sense. BTC price is low and many established cloud mining companies are in trouble, probably need to suspend their mining contracts when price goes < $200 again.
In my opinion it will make sense when the price reaches some level of stability at $300 or even higher.

This is a good question; low BTC price also means the right moment for mining though, provided that we can find provider who have good reputation and allow us mining sufficiently long time. We may look into altcoin mining too. Options other than cloud mining might be buying mining rig and get it hosted somewhere, but this could never be an easy task.

Others, ideas?

I really like this idea, this could even out the big fluctuations and boost XMG up a bit. If you go the route of buying a mining rig, I could host it for you providing it doesn't draw 20A of current If and when you go on let me know if I can be of any assistance.

Regards

[minerpool-de]

mhhh. There is no Chance for Winning with a Intel Core i5. 

[jawitech]

mhhh. There is no Chance for Winning with a Intel Core i5. 

What's your hashing speed?

Schön dich bei uns in der Community zu sehen, willkommen 

[minerpool-de]

um die 30 kH/s für alle 4 Cores zusammen. Da verbrauch ich mehr als was es bringt

[jawitech]

um die 30 kH/s für alle 4 Cores zusammen. Da verbrauch ich mehr als was es bringt

Welche Mining Software benutzt du? Evtl. können Spexx oder Joe noch etwas rauskitzeln.
Du kannst mit dem -e Parameter auch die CPU Usage herunterschrauben, um den Verbrauch etwas zu drosseln, falls du weniger Energie verbrauchen willst.
Wie gesagt, der Block Reward ist dynamisch und richtet sich nach der Network Difficulty. Und durch das PoS Staking kommt auch noch was dazu.
btw: Ich hashie mit einem alten AMD und satten 15 kh/s Aber langfristig wird es sich auszahlen, da bin ich mir sicher.

[minerpool-de]

Nicht wenn einige User mit Megahash (wie auch immer das geht) auf einem Pool unterwegs sind. Ich bin wieder raus.

[Mr_Bomberman]

According to Bittrex:

BTC      VOL                 0.74805123 BTC

Low motion, low motion ....

[111magic]

People are holding, staking and waiting for the new great developments coming. New investors would be good. Keep on spreading the word about Magi.
 

[hefty]

Windows 64 bit miner

I have just released a new version of the generic 64 bit miner on the same link as before. This is a standalone minerd.exe which does not require any dll files for support. This version should run better under most conditions.

https://www.dropbox.com/s/ydk8z59wwgysh1e/Spexx-Wolf0-V2-generic-Win64-XMGminerd.zip

I have also compiled a version specifically for AVX instruction set support ... well three different versions actually ... but none of them are as fast as the generic version, which is a bit of a puzzle right now. I think I need a beer

thanks m8 

[Fioravante]

People are holding, staking and waiting for the new great developments coming. New investors would be good. Keep on spreading the word about Magi.
 

Pragmatic approach. Quite rational.

Will wait for upcoming development and in my spare time will spread about MAGI.

[malekbaba]

How much I should expect with AMD FX-8150 Eight-Core processor ? Passmark CPU Mark 9135

[Spexx]

How much I should expect with AMD FX-8150 Eight-Core processor ? Passmark CPU Mark 9135

With the latest minerd? Probably in excess of 80 Kh/s.

[eule]

Code:

    {
        "account" : "",
        "category" : "generate",
        "amount" : 193.81100084,
    }

wtf  

edit: Nevermind, I was staking... 

[malekbaba]

How much I should expect with AMD FX-8150 Eight-Core processor ? Passmark CPU Mark 9135

With the latest minerd? Probably in excess of 80 Kh/s.

with all 8 core, I would only get 80 khash/sec ?

[traderman]

So If I understand correctly, the higher the hashrate the lower the block reward and the higher the network weight the higher the interest for POS?

[Spexx]

How much I should expect with AMD FX-8150 Eight-Core processor ? Passmark CPU Mark 9135

With the latest minerd? Probably in excess of 80 Kh/s.

with all 8 core, I would only get 80 khash/sec ?

I do believe that I said probably in excess of that. It would depend on the operating system and other factors. I have an AMD FX4100 4-core which is pushing out around 40 Kh/s under Windows 7 64 bit with the latest generic minerd.exe (it was just over 15 Kh/s with the original avx minerd.exe).

I should add that this 40 Kh/s is running 4 instances of minerd.exe with a single thread each. When I run a single instance of minerd.exe with 4 threads it only gives out 36.4 Kh/s

[hefty]

AMD FX-8150 stock,  90 khashs on win 8.1 64 bit with 8 instances of spexx last minerd

now falls of on 86 khashs so that s around that 86 to 90 max

now its stable at 11.xx per core

visheras are 12 - 13.xx per core

phenoms are 10.xx per core

haswells DC are 15.xx per thread

intel mobile are i3 4.xx i5 5 - 6.xx per thread