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

[Lightsplasher]

When blockreward is low better not sell cheap!

Unless your selling it to me.   (At least the XMG will have a happy home staking away in my wallet)

[lordmick]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

[lordmick]

gonna start back the 6 rigs.. 25 treads when it get colder in the house... instead of heaters..

[111magic]

When blockreward is low better not sell cheap!

Unless your selling it to me.  (At least the XMG will have a happy home staking away in my wallet)

Staking will give nice reward.
Buy and stake are good options.
And mine when blockreward goes up.
 
Check out the Magi faucets also.

[111magic]

https://multi.magipool.info/
Also a good mining option.

[111magic]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

[joelao95]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.  Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

[Redrover]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks Magic, this is really helpful right now while the mining difficulty is so high.  Just keep adding more to the wallet for staking!

[joelao95]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

[111magic]

http://bitcoingarden.tk/forum/index.php?topic=4997.0
http://bitcoingarden.tk/forum/index.php?topic=4996.0

First payouts will be done tonight!

Thanks mate, nice.

You are welcome Joe.
The give-aways will finish after this weekend!

[tittiecoiner]

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

[joelao95]

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

i7-4790 running at approx. 85 kh/s. Got around 10-15 XMG per day on suchpool 1 week ago. The last days around 2-5 XMG per day.

Make sense.

[joelao95]

Looking at the diff: https://bchain.info/XMG/diff a recent rising at Oct. 7th; that's something unsure what's making 7th special. It'll be hard for me to argue if one should mine or not (surely I'd like to); here is my philosophy:

Section under:

Who shall mine nothing?

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

There is no way of hard rule in clarifying the rule, though we can argue efforts to get it rightful.

[lordmick]

So if I use this..

"hashrate (kh/s)" : 80.00000000,
    "difficulty" : 1.66700583,
    "difficulty(aver)" : 2.12233496,
    "blockvalue" : 1.61871981,
    "mining (XMG)" : {
        "1 hour" : 0.05114349,
        "1 day" : 1.22744382,
        "1 week" : 8.59210671
..............................

8.59 x 4 = 34.36 XMG...

350 watts running the miner..

here (Quebec canada) according to the kw/h price.. it cost me 18.59CND/month

another calcul..

314CND/BTC
18.59 / 314 = 0.05920382 BTC
current price to buy 0.00004975
0.05920382 / 0.00004975 = 1190.026532.. XMG
minus some fees.. equals to 1187.05146633 XMG!!


SO!.. with 18.59CND/month
mining = 34.36 XMG/month
Buying = 1187.05 XMG/month

I think I'm gonna stop mining and start buying...
anyone want to rent a server dual xeon 8 core 8GB RAM?? could be more profitable for me!!

The ROI in this case is pretty much unimpressive; based on your calculation, XMG price is better to be at 18.59CND / 34.36 =  0.41 USD/XMG, while the current price is far below that, most of miners should give up.   Well the actual situation won't be that straightforward: 1) the mining return is just estimate, you'll get different values at different time; what's need might be put your rig in a pool and estimate how much mined in a day; the longer period the more accurate. I don't have fist-hand experience right now, but was mining in SuchPool with i5 4670, AMD 8350, a dual core and google cloud mining, with total hashrate of about 210 kh/s or so, and nearly 30 XMG in a day. But that's absolutely about few weeks ago. I am not able to fire up the miners right now, so can't tell how much I can get with these; 2) 350 watts running 80 kh/s absolutely no where efficient and should be stopped I believe. My i5 ran with 72 kh/s with far less power than your case. In contrast, the amd cpu runs much higher. I'll get data when back at home.

I just take a look on my transactions on pom m.. during september I made 5x 100xmg.. running about 230khs.. it far to be 1187xmg and I said 18$ for 80khs... so 230khs cost me a lot more then 18$...

I should recheck the consumption maybe its a lil bit less but as I remember it was 350

[thefix]

Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

[111magic]

Ideally we would all be mining with a Rasberry Pi and no one would be using more than one

We would all use way less energy and get decent rewards with less environmental impact.

That would be awesome. I said before that its a change of mind. Some people still think that mining with bigger hashrate will give better rewards.
Because of Magi's unique blockreward system people better mine with lower hashrate to give a higher blockreward.

[Erkallys]

I've noticed for pages now that you are frequently taking about SweetSpot, but what is it ? A software that improve mining ? Or something else ?

The Sweet Spot Miner (Official Magi site mirror, out of date) is a program (written in Delphi, I think?) that manages your hashing power (so you don't waste energy mining when the rewards are low). From the link above:

Sweet Spot Magi Miner is able:

• to hide the miner window so it will not waste your taskbar space.
• to hide itself into the system tray while running.
• to start the miner at LOW priority so the miner will not slow down your work.
• to check the current Network Hashrate and control the miner CPU usage targeting the Sweet Spot 22MH/s the Hash Rate you choose.
• to check the current Block Value and control the miner CPU usage targeting 12+XMG/Block the Block Value you choose.

And here's a screenshot of the interface, if you're curious:

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

[starmman]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

[Erkallys]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March  !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

[starmman]

This miner looks really interesting ! I think I'll update my Spexx's miner that I have since March   !

I've been using this miner for a while now - its really good. Be sure to experiment with number of threads or processes to find the best setup for your rig. For me, I found threads was better than processes and used double the threads to logical processing cores, but that could be due to my network latency.

I already love it ! But tell me, if I enter that I say that the XMG block reward is at least 10+ XMG, will it mine if the block reward is lower ?

Yes it still mines but at a slower rate to reduce power consumption (and net hash rate if lots of users are mining using Sweet Spot) - it then ramps up the power when you hit the profitable rate.