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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2377394 times)
hentzikov
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February 16, 2017, 09:11:39 PM
 #14661

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!
111magic
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February 16, 2017, 09:35:42 PM
 #14662

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!
Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer. Smiley

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
sylph93
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February 16, 2017, 10:25:50 PM
 #14663

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!
Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer. Smiley

Yup, 6.61 M is correct. https://chainz.cryptoid.info/xmg/

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DeepOnion




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joelao95 (OP)
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February 17, 2017, 04:04:02 AM
 #14664

...

u can easy dedect such copycoins if they only split endless and never start to merge and users have to merge manually

this is bad configured POS in coin code mostly seen in copycoins

one part that lead to many copycoins have this not configured proper is a code comment that read "dont touch this"
and any copycoin coder did this didnt touch this line and fucked up his coin POS behavior

its not like  PPC and NVC the first two POS coins and sunny king its creator wanted to make it easy copy their POS
and so they leave  their traps in their code that many copycoin coder did fall in

Well, truthfully this section really shouldn't be touched, and merging staking should be disabled. Imagine one owns 25% + 25% coins in two lines, combining them into a single line would cause potential attacks. This is why general PoS coins in a small scale can fork that easy.

The thing is that splitting and merging are not part of PoS protocol. Without having them in the protocol is definitely a deficiency of the PoS. It's quite doable for advanced users to modify the code and enable them without a need of hard fork. I'd vote that the so-called cloud staking does this kind of things.

Staking into dust is really a good thing to the healthy of the coin, but of course not good to the wealthy of people. 


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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February 17, 2017, 05:13:01 AM
 #14665

I'm impressed to see how Magi is gaining traction in development. These new improvements would make Coin Magi stronger than ever, growing solid among the stack of altcoins available. I hope that this would have a nice effect in XMG's price, as more people join it, due to the exciting features that it will provide.

The new Magi 1.3.1 wallet release is stellar, and truly demonstrates that there is a good dev behind it and a solid community supporting it. That is to say, I will continue to buy and hold Magi for the long term, as this is one of those cryptocurrencies out there that you don't want to miss out. The thing that I like most about Magi is that it allows any average person to get up and running to mine some coins. Just sharing my thoughts.  Grin

Thanks for being with the coin for years.  Smiley


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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February 17, 2017, 05:30:42 AM
 #14666



  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
joelao95 (OP)
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February 17, 2017, 05:37:58 AM
 #14667

I initiated a broadcast over the magi's network that all clients with protocol version before 71050 and wallet version before v1.3.0 shall need to upgrade to v1.3.1:

Code:
URGENT: upgrade to v1.3.1 required; see coinmagi.org/bin/upgrade

This warning will be gone once upgrade is accomplished.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
starmman
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February 17, 2017, 08:41:52 AM
 #14668

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)
111magic
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February 17, 2017, 09:01:28 AM
 #14669

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)
Yes they are informed to update the wallets! Wink
Thanks to Joe.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
cryptonit
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bit.diamonds | uNiq.diamonds


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February 17, 2017, 10:08:07 AM
 #14670

...

u can easy dedect such copycoins if they only split endless and never start to merge and users have to merge manually

this is bad configured POS in coin code mostly seen in copycoins

one part that lead to many copycoins have this not configured proper is a code comment that read "dont touch this"
and any copycoin coder did this didnt touch this line and fucked up his coin POS behavior

its not like  PPC and NVC the first two POS coins and sunny king its creator wanted to make it easy copy their POS
and so they leave  their traps in their code that many copycoin coder did fall in

Well, truthfully this section really shouldn't be touched, and merging staking should be disabled. Imagine one owns 25% + 25% coins in two lines, combining them into a single line would cause potential attacks. This is why general PoS coins in a small scale can fork that easy.

The thing is that splitting and merging are not part of PoS protocol. Without having them in the protocol is definitely a deficiency of the PoS. It's quite doable for advanced users to modify the code and enable them without a need of hard fork. I'd vote that the so-called cloud staking does this kind of things.

Staking into dust is really a good thing to the healthy of the coin, but of course not good to the wealthy of people. 

we talking not about the same things
yes split/merge mechanics are walletside only and not checked by network
yes that is a security disadvantage

still that even more rise the need that the default settings for normal users are optimized in a way
that create a healthy POS enviroment which keep POS difficulty high and make sure chainstaking from one single source is not happening.
this things also can be heavy influenced by the min age max weight options

u are aware of the issues and u are aware that the XMG solution isnt perfect but still way better than many coins with split endless

another possible way to handle POS is like NEXUS solved it by combine it with a trust feature that reward active nodes and which have also mechanism included against chainstaking

many possible paths also possible improve the own branch of POS logic XMG uses

but nothing wrong by look left and right and use the best ideas to improve POS

 
  Diamond [DMD]     uNiq.Diamonds  
Scarce✦✦✦✦ Valuable ✦✦✦✦ Secure ✦                     ▬ a collector experience ▬                
rotzbouf
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February 17, 2017, 10:41:26 AM
 #14671

very well organized wallet design. I like it.

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starmman
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February 17, 2017, 11:00:28 AM
 #14672

Bittrex wallet is under maintenance - maybe that means they are upgrading to the latest version of the wallet - good news that they are reacting quickly if so =)
Yes they are informed to update the wallets! Wink
Thanks to Joe.

I suspect that nova are doing the same - their wallet is also in maintenance. I didn't spot the Polo wallets being upgraded yet though, this release has been much smoother than a lot of other coins I've been monitoring =)
ex33s
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February 17, 2017, 02:18:12 PM
 #14673

https://poolinfo.systms.org is now fully operational. Wallet information is now visible from the site and updated.

Also made som minor adjustments to the css to improve the sites responsiveness. Some html elements was causing an horizontal scrollbar when using devices with small width.


111magic
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February 17, 2017, 02:22:46 PM
 #14674

https://poolinfo.systms.org is now fully operational. Wallet information is now visible from the site and updated.

Also made som minor adjustments to the css to improve the sites responsiveness. Some html elements was causing an horizontal scrollbar when using devices with small width.


Wow very nice Ex33s. Well done

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
hentzikov
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February 17, 2017, 05:26:09 PM
 #14675

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!
Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer. Smiley

Yup, 6.61 M is correct. https://chainz.cryptoid.info/xmg/

Thank you both for the information. I appreciate it.
111magic
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February 17, 2017, 05:27:54 PM
 #14676

The original post in this thread says 25 million and coinmarketcap.com says 6.6 million. I'm just looking for an overall total count just so I can look at the market and make an investment decision. Thanks!
Coingecko also says: Magi (XMG) has current circulating supply of 6.61 Million.
The 25 million will be the total coins what can be reached in lots of mining years. Hope my answer is correct. Otherwise dev will give you a better (englisch) answer. Smiley

Yup, 6.61 M is correct. https://chainz.cryptoid.info/xmg/

Thank you both for the information. I appreciate it.
You are welcome! Any questions just ask here.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
Redrover
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February 17, 2017, 06:53:47 PM
 #14677

Something's going on with mining, no shares found since yesterday and I see at least 2 pools are frozen (suprnova and pom.m are both stuck) anyone know what's up?
ocminer
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February 17, 2017, 06:56:00 PM
 #14678

I'm sorry no one told me there's an mandatory update coming and I've updated my daemon but the resync just takes forever

suprnova pools - reliable mining pools - #suprnova on freenet
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My9bot
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February 17, 2017, 06:57:55 PM
 #14679

xmg.maxminers.net is down too

I'm better with code than with words-SatoshiNakamoto
Espers [ESP]SiteOnBlockchain
111magic
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February 17, 2017, 07:05:06 PM
 #14680

I'm sorry no one told me there's an mandatory update coming and I've updated my daemon but the resync just takes forever
My fold Ocminer. I'am sorry. I should have inform you.
I don't know how i could missed to inform the pools.
Hmm iam only human. Shocked
Guess i thought the pools will notice the posts here or on twitter. Again my apologies! Hope you can solve it.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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