realbagdad
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Activity: 39
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January 07, 2018, 02:04:46 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up |
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ParaplegicRacehorse
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Activity: 79
Merit: 36
HODL. Patience.
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January 07, 2018, 02:07:08 AM |
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Hopefully, one of the devs can explain this. Why the disparity between PoW DIFF (currently nearly 3.5) and PoS DIFF (0.0004)? I get it that PoW is actively and constantly hashing m7m looking to solve a block. I get that PoS is sometimes hashing scrypt to confirm transations. What drives PoS DIFF up and down, though? The blog post about PoSII doesn't explain it well enough for this mathematical idiot.
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realbagdad
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January 07, 2018, 02:08:16 AM |
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Hopefully, one of the devs can explain this. Why the disparity between PoW DIFF (currently nearly 3.5) and PoS DIFF (0.0004)? I get it that PoW is actively and constantly hashing m7m looking to solve a block. I get that PoS is sometimes hashing scrypt to confirm transations. What drives PoS DIFF up and down, though? The blog post about PoSII doesn't explain it well enough for this mathematical idiot.
Which blog post? PoS is poorly explained in general IMO. I had to look all over and through dozens of posts to get somewhat of an idea of how it works. |
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ParaplegicRacehorse
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Activity: 79
Merit: 36
HODL. Patience.
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January 07, 2018, 02:19:02 AM |
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What drives PoS DIFF up and down, though? The blog post about PoSII doesn't explain it well enough for this mathematical idiot.
Which blog post? PoS is poorly explained in general IMO. I had to look all over and through dozens of posts to get somewhat of an idea of how it works. It's way old (m-core blog's been largely inactive for a long time) but http://m-core.org/PoS-II-v2/ |
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HeftyMagi
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Activity: 93
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January 07, 2018, 02:25:47 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up staking rewards are not that good as you think per 10k you would get around 0.005 to 0.01 every day. When you have weight you get 2x 0.0x in one day than as your coins get older you get 1 0.00x and than it flops in few days and than you send your coins to yourself and wait hours or days before having the weight again...you need to have more like half mil to get stakes you imagining  |
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jpx3m
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Activity: 27
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January 07, 2018, 02:26:33 AM |
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Glad to see that everything is working as expected again. |
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tazzz013
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Activity: 118
Merit: 0
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January 07, 2018, 03:21:53 AM |
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s0litaire
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Activity: 133
Merit: 15
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January 07, 2018, 03:24:36 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up staking rewards are not that good as you think per 10k you would get around 0.005 to 0.01 every day. When you have weight you get 2x 0.0x in one day than as your coins get older you get 1 0.00x and than it flops in few days and than you send your coins to yourself and wait hours or days before having the weight again...you need to have more like half mil to get stakes you imagining Staking should give you 3%-5% over a year (better than most banks these days) like most things it ain't a get rich quick thing..  |
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GAZK
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Activity: 63
Merit: 0
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January 07, 2018, 03:24:54 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up You could always buy some XMG. |
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geralv
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January 07, 2018, 03:30:52 AM |
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it's sad that in the process of correcting errors I lost everything I had mined so far, although it wasn't much, it makes me distrust your pool. |
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ljuni0rl
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Activity: 71
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January 07, 2018, 03:35:40 AM |
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You can mine XMG at suprnova.cc now I am mining there as i am writing this post.
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SolsticeFV
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January 07, 2018, 03:38:11 AM |
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You can mine XMG at suprnova.cc now I am mining there as i am writing this post.
Did you guys ban the whales messing everything up yet? |
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abraxsis
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Activity: 56
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January 07, 2018, 03:44:57 AM |
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2.1MH/s whale sitting in m-hash  *sigh* The spike in magi's value brought a lot of new blood to the platform ... sadly, those individuals aren't able to read, or just refuse to do so. I understand the premise behind Magi, but if there is no way to enforce a speed limit then, by definition, there isn't a speed limit. I don't see why they just don't hardcode it into the platform that any shares from an account producing more than 400 kH/s are automatically forked into the ether. If you get zero, you'll be less likely to break rules. Right now, these people know they can just pound the network like crazy, get the majority of what small amount falls out of the block, and still makes WAY more than the typical miner. Now, correct me if I am wrong, but the sweet spot refers to total network hashpower, meaning all the pools and solo miners combined. Which means the fact that Suprnova has the right not to have limits only serves to ruin all the other pool's payouts, even if they do abide by speed limits to optimize payouts. That isn't eco-friendly/equal by design, it is eco-friendly/equal in ideology only. It's like the ozone layer and CFCs, if you only ASK people to stop using CFCs and it's more profitable to ignore those rules, they do and will. There has to be some kind of penalty or freeze out, otherwise mining is only equal in spirit, not reality. Kind of sours me on mining XMG altogether now, because it just isn't equal in application. Which, honestly, is really the only thing that sets Magi apart at this point. |
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Foo_Plinger
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January 07, 2018, 03:47:58 AM |
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And my account balance there is now 0! WTH? |
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tazzz013
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Activity: 118
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January 07, 2018, 03:48:27 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up You could always buy some XMG. Can you suggest a site for buying XMG? |
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starcrys
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Activity: 27
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January 07, 2018, 03:51:34 AM |
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Payout for the past many mining blocks have all been around 0.3XMG...Is that not a little bit too low?
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HeftyMagi
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Activity: 93
Merit: 0
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January 07, 2018, 04:03:43 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up You could always buy some XMG. Can you suggest a site for buying XMG? bittrex |
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tazzz013
Newbie
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Activity: 118
Merit: 0
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January 07, 2018, 04:05:23 AM |
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I told yall this situation would come sooner or later back in 2015? I don't even remember. Everyone thought I'd be crazy, "nobody" would waste resources to earn nothing. Hahaha, funny stuff.
I love this coin, but things need to get changed.
definitely. staking rewards compared to mining is bullshit. people who are new are getting basically nothing, while people who have 10000 coins just sit back and get richer. similar to capitalism pretty much, which is fine, except for the fact that this time noobs can't do anything to move up You could always buy some XMG. Can you suggest a site for buying XMG? bittrex Not excepting new signups |
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