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

[auskevin]

Hi guys,

Another newbie question here.

I started mining on Minerclaim yesterday with my little rpi3 cluster, I can see now some balance as "unconfirmed" in my account, how long it usually takes to confirm the balance inside a pool? I don't know exactly how this "confirmation process works", that's the origin of my questions.

Thanks in advance.

A MagiCoin Block need 520 confirmations to be counted as mature , doesnt matter if generated by pool workers or solo miners

so in short , you must wait untill another 520 blocks were solved

Also depends on the pool, Supernova only takes 120 blocks

of course they can do , but of they own risk and only if they have their wallet backed up with enough supply to pay out in advance  , thats the risky way for a pool

Supernova feeds whales. Won't use them. 

[Foo_Plinger]

Hi guys,

Another newbie question here.

I started mining on Minerclaim yesterday with my little rpi3 cluster, I can see now some balance as "unconfirmed" in my account, how long it usually takes to confirm the balance inside a pool? I don't know exactly how this "confirmation process works", that's the origin of my questions.

Thanks in advance.

A MagiCoin Block need 520 confirmations to be counted as mature , doesnt matter if generated by pool workers or solo miners

so in short , you must wait untill another 520 blocks were solved

Also depends on the pool, Supernova only takes 120 blocks

of course they can do , but of they own risk and only if they have their wallet backed up with enough supply to pay out in advance  , thats the risky way for a pool

Supernova feeds whales. Won't use them. 

Therein lies the problem.  You won't use them, but the whales will.  As long as ANY pool allows this, then it doesn't matter if you use them or not, or if every other pool enforces limits.

[111magic]

According rules on pom.m-hash.com for users with more than 250 kh/s workers will be removed..
Tnx in advance

Great keep up the good work Historical. This will be appriciated!

[111magic]

An important correction to our TrasMaMod XMG pool (https://magi.trasmamod.com) : We are now adjusting our limit from 300KH/s to 250KH/s per user!

This is because we would like to ensure that Magi COIN is for everyone and everyone can mine it with their CPU and get a real portion of the mining reward when the pool find a new block.
We will monitor this and give first a warning about the need to decrease the miningspeed up to our system if the miningspeed exceeds this limit. If user is not follow up our decission, we reserve our rights to block the actual user without further warning.

Same for you Tommyrsk! Well done👍

[auskevin]

Hi guys,

Another newbie question here.

I started mining on Minerclaim yesterday with my little rpi3 cluster, I can see now some balance as "unconfirmed" in my account, how long it usually takes to confirm the balance inside a pool? I don't know exactly how this "confirmation process works", that's the origin of my questions.

Thanks in advance.

A MagiCoin Block need 520 confirmations to be counted as mature , doesnt matter if generated by pool workers or solo miners

so in short , you must wait untill another 520 blocks were solved

Also depends on the pool, Supernova only takes 120 blocks

of course they can do , but of they own risk and only if they have their wallet backed up with enough supply to pay out in advance  , thats the risky way for a pool

Supernova feeds whales. Won't use them. 

Therein lies the problem.  You won't use them, but the whales will.  As long as ANY pool allows this, then it doesn't matter if you use them or not, or if every other pool enforces limits.

I can only do as my conscience dictates.

[tazzz013]

Hi guys,

Another newbie question here.

I started mining on Minerclaim yesterday with my little rpi3 cluster, I can see now some balance as "unconfirmed" in my account, how long it usually takes to confirm the balance inside a pool? I don't know exactly how this "confirmation process works", that's the origin of my questions.

Thanks in advance.

A MagiCoin Block need 520 confirmations to be counted as mature , doesnt matter if generated by pool workers or solo miners

so in short , you must wait untill another 520 blocks were solved

Also depends on the pool, Supernova only takes 120 blocks

of course they can do , but of they own risk and only if they have their wallet backed up with enough supply to pay out in advance  , thats the risky way for a pool

Supernova feeds whales. Won't use them. 

They all seem to be, so who do you recommend?

[grimFandango]

Here's situation on Xpoolx:

https://ibb.co/kCjVsR

[fabieng83]

They all seem to be, so who do you recommend?

The thing is , even if every pool ban the whales , they will just solomine , or launch their own pool ,
There is nothing we can do , this is a desing flaw of magi , and we can just hope that the ridiculous low rewards will relocate soon these high hashrates miners to monero or aeon.

[auskevin]

Hi guys,

Another newbie question here.

I started mining on Minerclaim yesterday with my little rpi3 cluster, I can see now some balance as "unconfirmed" in my account, how long it usually takes to confirm the balance inside a pool? I don't know exactly how this "confirmation process works", that's the origin of my questions.

Thanks in advance.

A MagiCoin Block need 520 confirmations to be counted as mature , doesnt matter if generated by pool workers or solo miners

so in short , you must wait untill another 520 blocks were solved

Also depends on the pool, Supernova only takes 120 blocks

of course they can do , but of they own risk and only if they have their wallet backed up with enough supply to pay out in advance  , thats the risky way for a pool

Supernova feeds whales. Won't use them. 

They all seem to be, so who do you recommend?

Not all. Lately I have been using Cryptotastic. I am getting a lot of work start request though. I have not determined if it is due to the pool or just coincidence there yet. lucky pool, coin magi xmg, some others have a 250kh/s cap on miners. https://poolinfo.systms.org/
 

[111magic]

https://twitter.com/Coin_Magi_XMG/status/950390487978008576

[trader03]

amigos, no se si estoy en lo cierto pero después del HK he tenido la impresión de que la extracción de moneda se ha vuelto mucha mas lenta!
A alguien aquí le esta pasando lo mismo?

Friends, I do not know if I am right but after the HK I have had the impression that the extraction of currency has become much slower!
Is the same thing happening to someone here?

[tolyasan]

What are your strategies to prevent whales?

[trader03]

What are your strategies to prevent whales?

Establish a limit of 250-300Kh / s per user in each mining pool

[brainland]

Time To Feel XMG Moon Which We Missed

[trader03]

Time To Feel XMG Moon Which We Missed

jajajaaj yes friend .....
while btc has lost 10% in the last 24 hours XMG has increased its value.
The volume of XMG has also increased, a few hours ago it was 46 BTC now it is already in excess of 70 BTC ..

[trader03]

Amigos que me recomiendan para poder generar 1 XMG diario ?

Friends who recommend me to generate 1 XMG daily ?

[auskevin]

What are your strategies to prevent whales?

Establish a limit of 250-300Kh / s per user in each mining pool

Next Gen combination wallet/mining app. maybe.

[integrale]

Rules are worthless if nobody cares and act as promised

http://i.prntscr.com/afjZJi6xSY6ZNcQUekss4w.png


https://pom.m-hash.com

[Jeremy450]

the whole point these pools are trying to help magi!!!!!!

other pool arent. and really its time for the developers to step in and do something about this.

Developers. cant you see how annoyed everyone is getting with this. Atleast we got pools who a trying to help your coin.

Now its your turn to do something

this is amid at you 111magic and joe! Especially 111magic who is actively avoiding any of this and answering trivial comments.

if the pools and the developers actually joined forces it isnt hard to do changes where by only registered pools are allowed on the magi network and allow miners to mine
then that way the pools can help enforce the limitations and everyone can actually fairly mine and earn which in turns boosts the magi network and its rank in the market and earnings for all.

Then for solo miners the only way to mine is through the wallet but have a hard code limit set in the wallet that way it reduces the the load on the network.

It isnt rocket science guys!!! theses changes arent too hard to integrate

by doing this it helps can take care of the network and stop this from happening again and protects the network from outside influence, etc.

and you know what this always does? it brings the community closer and empowers the magi coin further

if you cant see any of what i said you either dont care or are blinder then me who has 10% sight!!!!

this is my challenge to you 111magic and joe and the rest of the developers and the pools and for the community. Do we want to protect our coin or do want it say F**k IT and let the whalers take control!!!???

[GAZK]

Update: TrasMaMod XMG Pool is now live again and open for mining
(we will continue to practice 300KH/s)

Sorry mate the way the network is there no point in mining.

at the moment the coin is dying with payouts getting less and less to the point where you can throw unicorns at it and get dust in return.

1800kh for 1xmg. i could sell my toe nail clippings and get more then 1xmg

As i said the "important" people are hiding and doing nothing. no speaking, nothing. they aren't being proud and aren't being respectful to the community.

All they can see is $$ cos they are the winners with all the transaction fees they get and us little people are the losers.

At 1800kh, YOU are a whale.