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Author Topic: [ANN] [XMG] Magi | 1st PoS-II | 1st PoM | Fair Distr | Tor | M7M CPU 1st POI  (Read 61803 times)

111magic

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Freenode IRC: #magi   |  Skype: coin.magi   |  QQ group: 337678945   |  Email: [email protected]

MagiPub | MagiPay | MagiMining (Discussion) | MagiDev | MagiCampaign(2nd PoM)


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(wallet version: 1.2.1.1)



Launched on Sep. 15, 5:00 PM EST






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« Last Edit: May 24, 2015, 11:57:08 AM by 111magic »
https://www.m-core.org
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Crypto Database

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Is this the same coin as MagiCoin? A while back I found Magi but the abbr for that one was MAGIC.

Just wanting to know so when I get access to my website again I can update the information to the current one.

111magic

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Is this the same coin as MagiCoin? A while back I found Magi but the abbr for that one was MAGIC.

Just wanting to know so when I get access to my website again I can update the information to the current one.
No Magicoin is the old coin.
Magi (XMG) is the new and unique currency.
It is the first currency that make use of M7M algo and is still CPU only.
It is also the only coin with a proof of mining campaign.
With the aim to protect the miners
This coin is for everyone. :D

Check the Magi give-away on this website!
https://www.m-core.org
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Principe

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OP is available in many foreign languages on the local boards: http://bitcoingarden.tk/forum/index.php#c4
★ GMC: GMe3xphPgHMVpKXtgUS1PDceQ9oZMePJr7      ★ ORB: oX9m3i3HUDr5hfyvWBJoyf8CMqajqMsivf    
★ WMC: wRarR72pv48RmqBwo6yNPwtdEpfRb7CXFL     ★ FUJI: FYLPULhtEogiXtW4xHUcShuxXf4oz2uPvk
★ OK: PPeXXxAzGHwLFr66MoqrqJjZZoHaXKVXNW         ★ XMG: 97fNfgmgSEQ4Gzq5e7pDuVR646Qinhh4on

111magic

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Exchanges




https://www.m-core.org
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111magic

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FYI

This thread will be focused on the Proof of AirDrop campaign for discussions, and participation with the Bitcointalk community.
Campaign is not active at the moment. We will notify in this thread when Proof of AirDrop [POAD] goes live.

Coin Magi has approved this campaign to further improve its adoption for the New M7M PoW Algo + PoS-II Hybrid.

What is Proof of AirDrop?
Participants that are apart of the Magi Community will receive a payout of 5 XMG* for implementing signature in their bitcointalk profile.

Where will AirDrop commence?
The giveaway will be done externally outside of bitcointalk. Magi [XMG] addresses are not to be posted in any threads due to the rules by bitcointalk mods. 
It will all be handled by a website that collectively gathers the following information. For Example, I've launched a similar campaign for BlueCoin: www.BlueDrops.me

When will the Proof of AirDrop campaign start for Magi XMG?
I am expecting within the next 48 to 72 hours, so anyone who gets in early will receive the beginning rate of 5 XMG.

Can payouts change?
Absolutely! If the commencing of AirDrops gain a large attraction of users, and
based on the market pricing, it will dedicate the amount of coins each user receives.

At the start of this campaign, each successful AirDrop submission receives 5 XMG
Later, the payouts can change from 5 to 2.5 XMG or lower or higher based on conditions.

What is required to qualify for AirDrop?
You must be at one point, have participated in the Magi XMG thread at: https://bitcointalk.org/index.php?topic=735170.0
You must have a XMG wallet address and able to find your bitcointalk ID (everyone has one and we'll guide you to find it)
and lastly, you must implement the signature ad we provide you, so the system can detect you completed all requirements.

Email confirmation is required so please ensure you use a real, verifiable email address that will be sent to your inbox.

What is Magi?
Magi [XMG] is an interesting new way for miners to earn rewards on a fair distribution model to avoid botnets, large mining farms, and GPUs
that cut the opportunity for regular miners to benefit. Plus, there is no incentive for early adopters, in fact, as the community grows its adoption,
miners earn better payouts as a whole community. PoS-II is active and in hybrid mode.. You stake the earned coins. Not to mention, its pretty rare

Learn more about magi at the thread: https://bitcointalk.org/index.php?topic=735170.0

Watch these two videos to gain some more info about Magi and why this Proof of AirDrop makes sense for it.

[MagiIntro Video] - What is Coin of the Magi? URL: http://youtu.be/7EkAbPacS7c


The future of traditional mining (problems solved) URL:

(Courtesy of SamWalters)

Campaign is not active at the moment. We will notify in this thread when Proof of AirDrop [POAD] goes live.


The team helping me with this have decided on a few front-end airdrop designs. We wanted to use something like the www.BlueDrops.me design, but decided to make it more interesting in designs and colors for Magi. Therefore, we came up with this front end.  Below is an image of how the site will look for the airdrops.  What do you all think? 



This is just a preview, the website that will take on the submission is not live yet.
Meanwhile, you can take a look on how it will look when it is all completed.


DO NOT Submit XMG addresses in this thread. If you do, it will be deleted as its not what this thread is about. (Per Mods Rules)




https://bitcointalk.org/index.php?topic=822547
https://www.m-core.org
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111magic

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Part 1 Magi XMG MASTERPLAN

Test phase.                  Target successfully achieved

XMG thread translations.      
Dutch https://bitcointalk.org/index.php?topic=740276.0
Indonesian https://bitcointalk.org/index.php?topic=760497.0
Chinese https://bitcointalk.org/index.php?topic=763187.0
https://bitcointalk.org/index.php?topic=786053.0
Portuguese https://bitcointalk.org/index.php?topic=763774
Spanish  https://bitcointalk.org/index.php?topic=767083.0
Hebrew  https://bitcointalk.org/index.php?topic=768497.0
Turkish https://bitcointalk.org/index.php?topic=771373.0
Italian https://bitcointalk.org/index.php?topic=771928.0
French https://bitcointalk.org/index.php?topic=771859.0
Indian https://bitcointalk.org/index.php?topic=772324
Russian  https://bitcointalk.org/index.php?topic=774235
German https://bitcointalk.org/index.php?topic=776461.0
Greek  https://bitcointalk.org/index.php?topic=781652.0
Romanian https://bitcointalk.org/index.php?topic=779717.0

XMG exchanges.               
https://cryptoine.com/trade/xmg_btc
https://c-cex.com/?p=xmg-btc
https://c-cex.com/?p=xmg-usd
https://www.swisscex.com/market/XMG_BTC
https://betasharex.com/trade/XMG/BTC

XMG voting                  
https://www.cryptsy.com/coinvotes/
https://www.bter.com/voting

XMG give-aways.               
http://bitcoingarden.tk/forum/index.php?topic=1398.0

XMG website.               
www.cryptomagic.com

XMG reddit.                  
https://www.reddit.com/r/coinmagi

XMG twitter.               
https://twitter.com/CoinMagi

XMG facebook.            
https://www.facebook.com/CoinMagi

XMG game.                  
http://xmg.maxbet.club/

XMG donations.               
http://goo.gl/forms/WhcB7aHsFT

XMG Coinmarketapp.            
http://www.coinmarketapp.com/

XMG international.            
http://8btc.com/thread-10795-1-1.html

XMG Proof of mining campaign (unique).   
https://bitcointalk.org/index.php?topic=802681.0

XMG Proof of biking campaign (unique).   
https://bitcointalk.org/index.php?topic=820255.0

XMG Service and market         
https://sites.google.com/site/blueprintenhancementservice/
more in development

XMG android wallet app.         
in development

XMG payment services            
in development

XMG other websites            
http://www.worldcoinindex.com/
http://www.coinmarketcap.com/
http://www.satoshis.guru/?page_id=358
https://www.cryptonator.com/rates/XMG-BTC
http://8btc.com/thread-7626-1-1.html
http://bitcoingarden.tk/forum/index.php?topic=1415.0

XMG faucet                  
in development

XMG media                  
http://arxiv.org/abs/1409.7948 
more in development

XMG whitepaper      
http://cryptomagic.com/files/publications/A%20network-dependent%20rewarding%20system%20-%20proof-of-mining.pdf

XMG TOR            
Wallet enables the Tor anonymity                  

XMG POS II (unique)            
still to come

XMG airdrop               
https://bitcointalk.org/index.php?topic=822547.0

XMG videos
https://www.youtube.com/watch?v=7EkAbPacS7c&feature=youtu.be

https://www.youtube.com/watch?v=UaJKTWugF8s&feature=youtu.be


Vision Statement and goal:

Magi XMG has to become a professional decentralized payment network used by millions of people across the world. XMG is a fair coin without premine. XMG will be used as currency in order to pay for goods and services on the internet or in shops, restaurants, hotels, etc.
XMG should be treated as your normal wallet, and sometimes even better than that!
Just like in real life, pay attention to your wallet. XMG makes it easier than ever to send your money worldwide, you always have control over your money.

Objective of XMG:

Obtaining global acceptance.
Large number of usage possibilities.
Despite the tough competition always stay unique.
XMG will continuously go with the upcoming future changes
This is a short version of the plans to XMG.



« Last Edit: October 17, 2014, 08:52:02 AM by 111magic »
https://www.m-core.org
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111magic

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[M7M hardfork in testnet]

Here we are going a hardfork to be happening on 10/17/2014 8:00 PM EST [only testnet at this time]. This update enhances the CPU mining. We will be living with the new algo from now on. In my view, this new M7M will pretty make it very hard to implement GPU miners. A major change is the addition of a sequential algorithm with iterative numerical computation using GMP floating-point numbers. I will expect this disables any on-going efforts of parallel implementation. GMP floating-point numbers allow "infinite" accuracy while we have to compromise to a certain level to avoid largely depressing hash rate. Surely I've taken the chance to further "mess up" the things that makes CPU hashing quite straightforward, while GPU mining even hard and impossible. Our block-rewarding system will give great chance for CPU mining too. As a consequence of the algo changing and hashing hard, the hash rate has to be compromised somewhere. The hashrate of my AMD 8350 is reduced from 79.2 kh/s (built-in mining) to 28.5 kh/s, and my VPS is reduced from 22.5 kh/s to 9.1 kh/s.

Why CPU mining?

Because ... people like it! I received feedback that some people just happy with VPS mining XMG. Well this is not big deal regarding the mining earnings, but what if you use your VPS to mine bitcoin or litecoin? The most advantage of XMG is that you can always mine a few coins if you want and this can remain forever; will the same rule apply for other CPU coins? I don't think so; the conventional CPU coins have the growth pain because of the joining of big CPU mining farms. For XMG, we pretty make use of the new block rewarding system that avoids the coming of huge network hashrate.

So CPU mining is guaranteed?

I won't say this is 100% CPU coin, but will say 100% CPU minable. Check out relevant information, figure yourself.
https://github.com/magi-project/magi/blob/master/src/hash_magi.h

Are we safe?

Though the network hashrate has been pretty much limited, Magi is pretty secure, because of the hybrid PoW/PoS-II system. I will come back to the PoS-II part.

Instructions:

As aways, be sure to back up wallet.dat

Download binary wallets from here:
http://cryptomagic.com/files/magi-release/m7m-hardfork-testnet-v1.0.0.3/

Or compilation from github source:
https://github.com/magi-project/magi

The testnet wallet can be running with the mainnet wallet simultaneously.

Quote
1) Example: launch you mainnet wallet first
2) Change magi.conf by setting testnet=1 and rpcport=18232
3) Run the qt wallet again, you will be on the testnet

Run daemon in tesetnet from the command line:

Code: [Select]
magid -testnet -rpcport=18232Check info:
Code: [Select]
magid -testnet -rpcport=18232 getmininginfo
Please take time to test it out and report hashrate before and after the hardfork, that will help us to refine the block-rewarding system once with the new algo. I will fire up the standalone miners soon later. I've already tested the hardfork in my side, so don't see any issues with that. After testnet, we will plug hard fork into the main net.

Planned hard fork in the main net: 10/24/2014 3:00 PM EST

If you're not intent to test the testnet hard fork, you won't need to do anything, also unnecessary to use the new wallet for the main net. 
https://www.m-core.org
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111magic

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Magi XMG Timeline from Pre-launch until Now, and moving forward!!
- PDF doc coming soon of historical events with Magi

Preview:


Looks really cool!
https://www.m-core.org
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111magic

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Magi News here:

Magi: The Coin of The CPU Miner
http://cryptocoinchronicle.com/2014/10/magicoin-coin-cpu-miner/


https://www.m-core.org
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111magic

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Re: [ANN] [XMG] Magi | 1st PoS-II | 1st PoM | Fair Distr | Tor | M7M CPU only
« Reply #10 on: October 23, 2014, 10:50:28 AM »
XMG media                 
http://arxiv.org/abs/1409.7948 
10/21: Satoshis.Guru - Coin of the Magi; http://www.satoshis.guru/home/coin-news/magicoin/
10/19: The Cryptocoin Chronicle - Magi: The Coin of The CPU Miner; http://cryptocoinchronicle.com
Frontpage incl. two videos! ;D
https://www.m-core.org
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111magic

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Re: [ANN] [XMG] Magi | 1st PoS-II | 1st PoM | Fair Distr | Tor | M7M CPU only
« Reply #11 on: October 24, 2014, 01:41:31 PM »
[hardfork] - sorry we have a few hardforks to be done and all gonna happen soon

1. M7M-v2 (hardfork on 10/26/2014 9:30:00 AM EST)

A switchover of the mining algorithm to M7M-v2 will occur on 10/26/2014 9:30:00 AM EST. Details about M7M-v2 can be found here: https://bitcointalk.org/index.php?topic=735170.msg9230961#msg9230961. The expected hashrate using the new algo is 2.545 times less than that with the prior algo. To continue with mining, download the new minerd (we will add download links here and in the OP soon), and follow the pool mining guide.

Be sure that you are using the new wallet v1.1.0.1 too.

2. Block rewarding system (hard fork at block 32,750)

A change in the block rewarding system is needed. This won't change the blow rewards, but to be better to comply with the change of hashrate due to the M7M-v2 algo. The new algo leads to less network hashrate; the new block rewards will have maximum value at diff = 0.68 (for low block height); according to hashrate = diff * 2^32/180, that is about 16 Mh/s. We have also made increasing maximum diff with block height, to allow more people mining later on, e.g., optimum hashrate of 27 Mh/s which produces 300XMG at block 40,000.

3. A new difficulty adjustment method - Magi quantum wave (MQW) (hard fork at block 33,500)

Superficially a name here: Magi quantum wave (MQW) (http://en.wikipedia.org/wiki/Wave_function). This adjustment is done by averaging prior 15 block difficulties. A significant different here from other adjustment implementations is that each block difficulty accounted is given a weight, and higher weights are given to more recent blocks; in addition to that, block time is also taken into account. Usually the lower difficulty, the smaller block time. The adjustment algo considers less weight of a block which has the lower difficulty. See details here: https://github.com/magi-project/magi/blob/master/src/main.cpp#L1296

4. Finalizing the PoW-II

As we can see the PoW-I  (will be finished at block 50,000) has produced less coins than expected. To continue the CPU mining, also along with the new algo implementation, it will be very necessary to continue the PoW mining, that will finally make XMG a hybrid PoW/PoS-II coin and that is supposed to remain years long. The hybrid system is more secure than the pure PoW or pure PoS. The PoW-II block reward has maximum 50 XMG and minimum 3 XMG, with the same block rewarding adjustment as the PoW-I. Similarly, the optimum diff grows over time.

Wallet v1.1.0.1:

http://cryptomagic.com/files/magi-release/v1.1.0.1/
https://www.m-core.org
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111magic

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111magic

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111magic

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« Last Edit: October 28, 2014, 10:06:38 PM by 111magic »
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