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

[TonySon]

 

[TonySon]

What is better, having 1 worker with all the hash power or more workers sharing the hashes?
I made some little tests but cannot figure out if it changes something or not (I guess if it does, it's small)

I dont know. I always use one worker.
Maybe someone else can give an answer on this.

In PoM pool I use only one worker.
In other pools I use one worker per CPU.

I don't think that there is a difference in hashrate between one and multiple workers - each miner receives different share diff from pool based on his hashrate and submit share rate.
Just when you use multiple workers, it's easier to spot a CPU problem, overheat, rig down, etc.

I think so.

[TonySon]

What is better, having 1 worker with all the hash power or more workers sharing the hashes?
I made some little tests but cannot figure out if it changes something or not (I guess if it does, it's small)

I dont know. I always use one worker.
Maybe someone else can give an answer on this.

In PoM pool I use only one worker.
In other pools I use one worker per CPU.

I don't think that there is a difference in hashrate between one and multiple workers - each miner receives different share diff from pool based on his hashrate and submit share rate.
Just when you use multiple workers, it's easier to spot a CPU problem, overheat, rig down, etc.

you're right

[Spexx]

I wonder...what can be expected XMG value in future (near or long)? I'm aware its almost impossible to predict price in crypto world, but still I'm wondering. Maybe 111magic, Joe can predict something ?
Let's say now 1 XMG = 0,00008 BTC. Is it reasonable to expect that XMG can reach 0,008 some day?

Almost impossible? More like utterly impossible

It makes for an interesting discussion though. Did anybody ever think that the value of a Bitcoin would reach 1000 dollars? Did anybody ever think it would plummet over the next year to under 200 dollars?

Ultimately, the price of anything is what somebody is willing to pay for it, should they desire to possess it for whatever reason.

While we are comparing the price of XMG against BTC, what will happen if/when BTC becomes old hat and XMG takes over as the "gold standard" cryptocurrency? It is the price of XMG against fiat currencies that we should be comparing. Currently, whenever I wish to calculate the value of my XMG holding in UKP I have to factor-in the value of a Bitcoin against the UKP. One day soon, maybe I will not have to worry about that step.

One thing that I do know for sure is that cryptocurrencies and other local currency schemes are here to stay and are the way of the future, here today. One very interesting project going on very near to me is The Brixton Pound. Fascinating stuff and it works really well.

[Spexx]

 

Make that bid 0.00074810 and we have a deal

[TonySon]

I wonder...what can be expected XMG value in future (near or long)? I'm aware its almost impossible to predict price in crypto world, but still I'm wondering. Maybe 111magic, Joe can predict something ?
Let's say now 1 XMG = 0,00008 BTC. Is it reasonable to expect that XMG can reach 0,008 some day?

Almost impossible? More like utterly impossible

It makes for an interesting discussion though. Did anybody ever think that the value of a Bitcoin would reach 1000 dollars? Did anybody ever think it would plummet over the next year to under 200 dollars?

Ultimately, the price of anything is what somebody is willing to pay for it, should they desire to possess it for whatever reason.

While we are comparing the price of XMG against BTC, what will happen if/when BTC becomes old hat and XMG takes over as the "gold standard" cryptocurrency? It is the price of XMG against fiat currencies that we should be comparing. Currently, whenever I wish to calculate the value of my XMG holding in UKP I have to factor-in the value of a Bitcoin against the UKP. One day soon, maybe I will not have to worry about that step.

One thing that I do know for sure is that cryptocurrencies and other local currency schemes are here to stay and are the way of the future, here today. One very interesting project going on very near to me is The Brixton Pound. Fascinating stuff and it works really well.

Definitely!
CoinMagi ( XMG ) to the Moon

[light85bit]

Ohhhh, talking about wallet, my wallet version is 1.2.1.1, how do i update my wallet? Is there any problem if i make it wrong? lol

Joe mentioned that he has yet to update the binaries on the website from 1.2.1.1 to 1.2.1.2 some time last week. I suspect that's partly due to the personal matters he has had to deal with lately, partly because of the Berkeley Database stuff that I've kept bringing up, and probably for a few other reasons as well. In short, though, he said there were no significant changes between 1.2.1.1 and 1.2.1.2 that require you to update. So it's alright to wait for the next official release, unless you're really itching to have the newest version (which would require you to compile it yourself).

Thanks mate

[TonySon]

 

Make that bid 0.00074810 and we have a deal

wow bid 0.00074810  

[TonySon]

 


thanks

[Lotuswalker]

Ohhhh, talking about wallet, my wallet version is 1.2.1.1, how do i update my wallet? Is there any problem if i make it wrong? lol

Joe mentioned that he has yet to update the binaries on the website from 1.2.1.1 to 1.2.1.2 some time last week. I suspect that's partly due to the personal matters he has had to deal with lately, partly because of the Berkeley Database stuff that I've kept bringing up, and probably for a few other reasons as well. In short, though, he said there were no significant changes between 1.2.1.1 and 1.2.1.2 that require you to update. So it's alright to wait for the next official release, unless you're really itching to have the newest version (which would require you to compile it yourself).

Thanks mate

It is allready compiled on the website: http://coinmagi.org/files/magi-release/m-wallet-1.2.1.2-win.zip

[TonySon]

Ohhhh, talking about wallet, my wallet version is 1.2.1.1, how do i update my wallet? Is there any problem if i make it wrong? lol

Joe mentioned that he has yet to update the binaries on the website from 1.2.1.1 to 1.2.1.2 some time last week. I suspect that's partly due to the personal matters he has had to deal with lately, partly because of the Berkeley Database stuff that I've kept bringing up, and probably for a few other reasons as well. In short, though, he said there were no significant changes between 1.2.1.1 and 1.2.1.2 that require you to update. So it's alright to wait for the next official release, unless you're really itching to have the newest version (which would require you to compile it yourself).

Thanks mate

It is allready compiled on the website: http://coinmagi.org/files/magi-release/m-wallet-1.2.1.2-win.zip

THANKS

[TonySon]

magi v1.2.1.1
download : http://coinmagi.org/files/magi-release/m-wallet-1.2.1.2-win.zip

[ElMacho20000]

Almost impossible? More like utterly impossible

It makes for an interesting discussion though. Did anybody ever think that the value of a Bitcoin would reach 1000 dollars? Did anybody ever think it would plummet over the next year to under 200 dollars?

Ultimately, the price of anything is what somebody is willing to pay for it, should they desire to possess it for whatever reason.

While we are comparing the price of XMG against BTC, what will happen if/when BTC becomes old hat and XMG takes over as the "gold standard" cryptocurrency? It is the price of XMG against fiat currencies that we should be comparing. Currently, whenever I wish to calculate the value of my XMG holding in UKP I have to factor-in the value of a Bitcoin against the UKP. One day soon, maybe I will not have to worry about that step.

One thing that I do know for sure is that cryptocurrencies and other local currency schemes are here to stay and are the way of the future, here today. One very interesting project going on very near to me is The Brixton Pound. Fascinating stuff and it works really well.

I guess a stable value for XMG would be something like 0.2 USD, so lets say 10 times what is it now. I don't think it could go up till 1 USD or more for all the reasons we all know (essentially no exponential difficulty)

[TonySon]

Almost impossible? More like utterly impossible

It makes for an interesting discussion though. Did anybody ever think that the value of a Bitcoin would reach 1000 dollars? Did anybody ever think it would plummet over the next year to under 200 dollars?

Ultimately, the price of anything is what somebody is willing to pay for it, should they desire to possess it for whatever reason.

While we are comparing the price of XMG against BTC, what will happen if/when BTC becomes old hat and XMG takes over as the "gold standard" cryptocurrency? It is the price of XMG against fiat currencies that we should be comparing. Currently, whenever I wish to calculate the value of my XMG holding in UKP I have to factor-in the value of a Bitcoin against the UKP. One day soon, maybe I will not have to worry about that step.

One thing that I do know for sure is that cryptocurrencies and other local currency schemes are here to stay and are the way of the future, here today. One very interesting project going on very near to me is The Brixton Pound. Fascinating stuff and it works really well.

I guess a stable value for XMG would be something like 0.2 USD, so lets say 10 times what is it now. I don't think it could go up till 1 USD or more for all the reasons we all know (essentially no exponential difficulty)

0,1 USD 

[Arah]

Any tips to gain fast the "member" rank? :/
I think it's quite hard.

[light85bit]

Any tips to gain fast the "member" rank? :/
I think it's quite hard.

https://asktom.cf/index.php?topic=178608.0
Read this and you'll know there is no fast way, lol

[Lotuswalker]

Any tips to gain fast the "member" rank? :/
I think it's quite hard.

https://asktom.cf/index.php?topic=178608.0
Read this and you'll know there is no fast way, lol

You need a activity of 60.

light85bit almost made it there

[Arah]

Any tips to gain fast the "member" rank? :/
I think it's quite hard.

https://asktom.cf/index.php?topic=178608.0
Read this and you'll know there is no fast way, lol

so i need to spam radomly post to get into pom? c'mon guys rework your system.

[ElMacho20000]

0,1 USD 

I hope to be wrong of course.
If 1 magi goes up to 10.000 USD I'll solve all my problems with retirement plan

[Juke]

Any tips to gain fast the "member" rank? :/
I think it's quite hard.

https://asktom.cf/index.php?topic=178608.0
Read this and you'll know there is no fast way, lol

so i need to spam radomly post to get into pom? c'mon guys rework your system.

Arah,

please don't spam, it's hard, but we can do it up to the 60 post's