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

[starmman]

Hi,

I'm newbie for mining Magi. I'm trying solo-mining. My client finds blocks but always they are rejected. I look through debug log file and I see "ERROR: AcceptBlock() : proof-of-work block violation (prior PoS not seen or wait 10 mins)" message always. It passed 30-min. What should I do? Or Should I do nothing and just wait? In previous messages in this thread, some problems were mentioned. However, I couldn't cover the issues throughly

Thanks a lot.

There are some problems with the chain right now - dev is testing a fix - best to wait until its released (probably a few days) - finding blocks on a solo rig is a usually pretty rare event (when the chain is back in full swing) unless you have quite a bit of hash power

[The Frisian]

Normally bittrex needed 6 confirmations, taking around a few minutes.
Now bittrex asks 30 confirmations, with one confirmation almost every 10 minutes,
taking around 5 hours to deposit to bittrex.  

[111magic]

Normally bittrex needed 6 confirmations, taking around a few minutes.
Now bittrex asks 30 confirmations, with one confirmation almost every 10 minutes,
taking around 5 hours to deposit to bittrex.  

Might be due the huge amount of new customers they received passed weeks or maybe because of coming improvements.

[xpoolx]

suprnova goes off

Do we have only the minerclaim left?

Check the following link (from ex33s) for the full list of pools - if suprnova goes off some others will take up the hash rate
https://poolinfo.systms.org/#magi

Can the admin of this website add www.xpoolx.com/magindex.php to the list of the pools? We are finding some blocks in these strange days.

[WeedGoW]

Is this coin fully mined ? If no how much will take until is totally mined? And with which CPU is worth to mine it now in 2017?

No, you can still mine it and wasn't fully mined.

[abraxsis]

suprnova goes off

Do we have only the minerclaim left?

Check the following link (from ex33s) for the full list of pools - if suprnova goes off some others will take up the hash rate
https://poolinfo.systms.org/#magi

Can the admin of this website add www.xpoolx.com/magindex.php to the list of the pools? We are finding some blocks in these strange days.

Isn't the current thinking that all those blocks you are finding is going to be orphaned at the HF? Why keep mining?

[arnauld]

Hello,

I installed a miner & magi wallet on my Pi. Both are running ok. I register in a pool, https://xmg.minerclaim.net/index.php and launched : ./minerd -a m7mhash -o xmg.minerclaim.net:3333 -u acvxxxxx.df5xxxxxx -p 4axxxxxxxx
and I have no error message.

However when I look at my dashboard at https://xmg.minerclaim.net nothing is changing, my hashrate is at 0.00 KH/s . How can I check my set up is working ? Do I have to wait a long time before the graphs show something ?

Thanks,

[111magic]

[dury10]

during downtime i start to learn more about linux and set up my pi3 cluster to start mining alone
and i decided to buy a new toy Dell R900

[trader03]

Hello,

I installed a miner & magi wallet on my Pi. Both are running ok. I register in a pool, https://xmg.minerclaim.net/index.php and launched : ./minerd -a m7mhash -o xmg.minerclaim.net:3333 -u acvxxxxx.df5xxxxxx -p 4axxxxxxxx
and I have no error message.

However when I look at my dashboard at https://xmg.minerclaim.net nothing is changing, my hashrate is at 0.00 KH/s . How can I check my set up is working ? Do I have to wait a long time before the graphs show something ?

Thanks,

hola, eso es porque la moneda ha estado en un proceso de hard-fork. Pronto se restaurará la minería, saludos.

[abraxsis]

Hello,

I installed a miner & magi wallet on my Pi. Both are running ok. I register in a pool, https://xmg.minerclaim.net/index.php and launched : ./minerd -a m7mhash -o xmg.minerclaim.net:3333 -u acvxxxxx.df5xxxxxx -p 4axxxxxxxx
and I have no error message.

However when I look at my dashboard at https://xmg.minerclaim.net nothing is changing, my hashrate is at 0.00 KH/s . How can I check my set up is working ? Do I have to wait a long time before the graphs show something ?

Thanks,

The pools are currently down pending a hard fork that should be here in soon.

[z0n0]

I wish you all a very merry Christmas!! Spend a lovely Christmas Eve with your loved ones.

[starmman]

I wish you all a very merry Christmas!! Spend a lovely Christmas Eve with your loved ones.

Merry Christmas all

[The Frisian]

I wish you all a very merry Christmas!! Spend a lovely Christmas Eve with your loved ones.

Merry Christmas all

Noflike Krystdagen en in lokkich nijjier!

[goldlabel]

[jonathin.r]

An awesome Christmas gift would be the ability to get my miners back online

[111magic]

Merry X-mas awesome Magi community!

[The Frisian]

An awesome Christmas gift would be the ability to get my miners back online

Since mining stopped the price went up. Maybe only Pos?

[Stratobitz]

An awesome Christmas gift would be the ability to get my miners back online

Since mining stopped the price went up. Maybe only Pos?

In regards to the Hardfork / POS, we will obviously have to wait and see what the Dev Team Rolls out; but the Hardfork was planned; and MAGI already implemented a POS-II Proof of Stake Specification in its generation model. So I would think POS would be included at the very least, perhaps there's a surprise in store, only time will tell.

In regards to Bittrex increasing its confirmation requirements for MAGI deposits, I think it may be a combination of the fact that they are clearly overloaded at the moment and going through growing pains as they've seen a huge influx of new traders start using their services. They've since tightened down a bit in terms of withdraw restrictions, verification on accounts, minimum order requirements - all of this plus MAGI not being the only coin to see an increase in required confirmations before balances appear tell me they are simply "putting the breaks on" a bit, to slow down support requests, number of trades, etc. Also factor in the fact it's the Holidays. I don't think the increase in confirmations is a red flag, simply a reflection of the overall marketwide shift we are seeing with Bittrex as they upgrade their servers and software and start allowing new enrollments.

I'm personally bullish on MAGI, but most who know me I have an affinity for CPU based / ASIC resistant coins. MAGI has a lot of potential.

- It's a well aged coin, launched August 2014. (The Average/Median Coin Age on Bittrex from Coin Launch to Date is Jan/2016).  Putting MAGI deep into the "well established" side of the spectrum of coins listed on Bittrex.

- It's current price point is around 0.00004000; which is typically the sweet spot when coins start to take off. (The top 30 Coins on Bittrex for Top % 24 Gains usually have a median price point of 0.00008000) putting aside high priced or single/double digit Satoshi coins.  

- The Dev Team is Active, and the community knew POW was coming to an end after it's long and successful POW run. We're in the middle of the holidays so I think we'll just have to wait and see, as any rebase of the coin's code / daemon will have to be timed properly because all of the exchanges will have to implement the new software on their servers (And Bittrex is a clear signal that exchanges are swamped right now).

-Looking back on the last few months of this huge rise in crypto prices, the long established coins are now appearing to be clear winners alongside the newer super hyped coins- they hold up. Doge is a great example which I recommended on Reddit a few weeks ago saying it was a solid buy between it's then current 30 Satoshi Price and Under... Now it's 70.

- Certainly no crystal ball here... but MAGI seems to me to be in a prime position to be a coin that could see a multifold (2x, 4x, 10x, 20x) price increase over time; depending on what the Dev rolls out and where BTC's price to fiat goes from here. Simply saying it's high on my short list of contenders.

Looking forward to seeing what is to come.

Merry Christmas All!

Strato

[111magic]

An awesome Christmas gift would be the ability to get my miners back online

Since mining stopped the price went up. Maybe only Pos?

In regards to the Hardfork / POS, we will obviously have to wait and see what the Dev Team Rolls out; but the Hardfork was planned; and MAGI already implemented a POS-II Proof of Stake Specification in its generation model. So I would think POS would be included at the very least, perhaps there's a surprise in store, only time will tell.

In regards to Bittrex increasing its confirmation requirements for MAGI deposits, I think it may be a combination of the fact that they are clearly overloaded at the moment and going through growing pains as they've seen a huge influx of new traders start using their services. They've since tightened down a bit in terms of withdraw restrictions, verification on accounts, minimum order requirements - all of this plus MAGI not being the only coin to see an increase in required confirmations before balances appear tell me they are simply "putting the breaks on" a bit, to slow down support requests, number of trades, etc. Also factor in the fact it's the Holidays. I don't think the increase in confirmations is a red flag, simply a reflection of the overall marketwide shift we are seeing with Bittrex as they upgrade their servers and software and start allowing new enrollments.

I'm personally bullish on MAGI, but most who know me I have an affinity for CPU based / ASIC resistant coins. MAGI has a lot of potential.

- It's a well aged coin, launched August 2014. (The Average/Median Coin Age on Bittrex from Coin Launch to Date is Jan/2016).  Putting MAGI deep into the "well established" side of the spectrum of coins listed on Bittrex.

- It's current price point is around 0.00004000; which is typically the sweet spot when coins start to take off. (The top 30 Coins on Bittrex for Top % 24 Gains usually have a median price point of 0.00008000) putting aside high priced or single/double digit Satoshi coins.  

- The Dev Team is Active, and the community knew POW was coming to an end after it's long and successful POW run. We're in the middle of the holidays so I think we'll just have to wait and see, as any rebase of the coin's code / daemon will have to be timed properly because all of the exchanges will have to implement the new software on their servers (And Bittrex is a clear signal that exchanges are swamped right now).

-Looking back on the last few months of this huge rise in crypto prices, the long established coins are now appearing to be clear winners alongside the newer super hyped coins- they hold up. Doge is a great example which I recommended on Reddit a few weeks ago saying it was a solid buy between it's then current 30 Satoshi Price and Under... Now it's 70.

- Certainly no crystal ball here... but MAGI seems to me to be in a prime position to be a coin that could see a multifold (2x, 4x, 10x, 20x) price increase over time; depending on what the Dev rolls out and where BTC's price to fiat goes from here. Simply saying it's high on my short list of contenders.

Looking forward to seeing what is to come.

Merry Christmas All!

Strato

Strato thank you for the friendly words here.
Magi really appriciate that!
Merry Christmas to you also.