[ANN] [XMG] Magi | 1st PoS-II | 1st PoM | Fair Distr | Tor | M7M CPU 1st POI

[111magic]

Even in minecraft we are mining XMG 

Awesome!!!

[secco]

I made an extra magi avatar from it.

[111magic]

I made an extra magi avatar from it.

Cool!
As we all notice more and more people joining the Coin of the Magi and our Magical community!
For that Magi is looking for people who speak Spanish, Italian, German or other languages not yet present in our Magical Magi team.
If you do and have some time for translations sent me a pm plz. Thanks in advance.
Magi will keep on growing with awesome developments and great campaigns.
 

[secco]

As we all notice more and more people joining the Coin of the Magi and our Magical community!
For that Magi is looking for people who speak Spanish, Italian, German or other languages not yet present in our Magical Magi team.
If you do and have some time for translations sent me a pm plz. Thanks in advance.
Magi will keep on growing with awesome developments and great campaigns.

You can find a few contacts here: http://bitcoingarden.tk/forum/index.php?topic=1674.0

[111magic]

Thank you Secco.
I will check there.

[111magic]

This message is for those who sent their XMG exchange wallet for the Proof of Interest campaign.
Send me your own XMG walletaddress asap by PM!
One of the rules for the Proof in Interest campaign was: exchange walletaddresses are not allowed to join.

[111magic]

This message is for those who sent their XMG exchange wallet for the Proof of Interest campaign.
Send me your own XMG walletaddress asap by PM!
One of the rules for the Proof in Interest campaign was: exchange walletaddresses are not allowed to join.

We past the deadline for this!

[111magic]

http://gamegearspage.weebly.com/cloudmine.html


Nice Magi banner here at GameGear's page!;D

[111magic]

Guy`s thx for those xmg`s

Even in minecraft we are mining XMG 

Thank you for the great picture!!

Community remember to vote here https://www.cryptsy.com/coinvotes
You can use free votes but also cryptsypoint to vote for Magi.
I have a good feeling about Cryptsy but i received a little advice to get more votes there!

[111magic]

The umbilical cord of the Goddess spirals down from the heavens sending the love energy of mama bear to the planet as the earth prepares to greet her with the new birth of clean energy, workable economies, peaceful cohabitation, health, and wealth.  Let the magic spring forth.

This is kind of my attempt at putting the XMG logo in a local picture around here, but I'm kind of a space cadet in case you guys haven't guessed. 

First one who figures out what mountain this is gets 55.555 xmg from my personal funds, however, I'm going to sleep now and it will be some time before I look for replies. 

[111magic]

Herewith, an eclectic mix of Magi related services and general propaganda, referred to as MyMagi (I think I had to much free time yesterday!)  

MyMagi CPU Cloud Mining Guide - http://mymagi.grn.cc

MyMagi Web Based Proxies - http://mymagi.uk.ht , http://mymagi.ws.gy , http://mymagi.ye.vc , http://mymagi.cc.vg and http://mymagi.xx.tn

All free domains on free hosting. I think the web host serves some ads, so installing ad-block plus or ad-block edge is probably recommended. Do not rely on these type of web proxies for strong anonymity or privacy.

Do rely on the Tor Network for strong anonymity and privacy.

MyMagi Tor Relay Server (Non-Exit) - http://tor.mymagi.grn.cc - https://atlas.torproject.org/#details/273D27CCF486A8A6C770B6C9117602BF11312246

Any revenues and contributions to existing MyMagi services will go towards new Tor Relay Servers and perhaps some paid hosting and a TLD.    

Nice well done! Think activity from the community is very important and good! I also will sent you some coins tonight!

Thank you very much 111magic.

The services are fairly basic, although should help to bring some new users to CPU mining Magi. I have a bunch of other 'free web proxy' domains that have been running on this web host for well over 6 months now. Had to fine tune the settings and limits to keep them working as best as possible (service is fairly temperamental at peek / busy times) and no idea how long the free hosting will remain!

Anyway, I keep these sites in weekly rotation in many proxy lists across the web and will also be adding the 468x60 banner to various traffic exchanges for the CPU mining guide.

MyMagi Tor Relay will always be kept running.

Cheers!

Oh, almost forgot: MyMagi addnode=108.61.197.252
 

Some more links:

mymagi1de - Tor Relay (Non-Exit) - Germany - https://atlas.torproject.org/#details/F7FEB89E30F87DC3B632BFC452E7880EA2A5419B

mymagi1fr - Tor Relay (Non-Exit) - France - https://atlas.torproject.org/#details/693F83EB6743EC4DFAC1A98BBA7F887EAC9103D1

[111magic]

Magi keeps on growing!

https://www.rebelmouse.com/alphapointlive/

[exgeocom]

very very Awesome XMG

[111magic]

very very Awesome XMG

Thanks amigo!

[111magic]

Original ANN-thread: https://bitcointalk.org/index.php?topic=735170.0


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

MagiPub | MagiPay | MagiMining (Discussion) | MagiDev | MagiCampaign


Website | Forum | Wallet Downloads | Source code
(wallet version: 1.2.1.1)


Download CPU miner

Github: source code
Spexx's compiled package - Download, Beginner package, Speed controller
NeedIfFindIt's GUI Magi Miner - Auto-adjusting hashrate: 0.9.8 Beta, 0.9.8 Beta (no miners), source code
Our own compilation: Download from sourceforge
Running miner in a VPS [linux os]
Cygwin compilation (windows)
Compile and run CPU miner on Mac OS
How to run a minerd

# m-cpuminer-legacy-v2 (source code)
This miner (optimized V2) is the same as generic CPU minerd except an additional option flag "-e cpu_efficiency", that allows adjusting cpu efficiency between 1 - 100.

Code: [Select]

minerdlegacy -o stratum+tcp://pool_url:pool_port -u pool_user.worker -p password -t thread_numbers -e cpu_efficiency

Mining pool involved in PoM
(For a full list of mining pools see the original post)
https://pom.m-hash.com

What is PoM?

PoM - Proof of Mining; in simple,  the magi team rewards commensurate coins to every participant in this campaign, in accordance with your CPU hashrate invested into mining XMG.

PoM is also a built-in feature of XMG, thanks to the block reward design (see this link for more information). A detail explanation is shown below:

What is POM ?

Good question; no one was questioning this before, though we're talking "CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay]". PoM has more meaning (since we're advising 1st PoM) than a single campaign as done before (which was an approach to protect coin distribution): https://bitcointalk.org/index.php?topic=802681.0; some details here: http://arxiv.org/pdf/1409.7948v1.pdf

PoM - proof of mining; by it's definition, the more mining efforts being placed, the more rewards one gets. This is typically right in mining any coins, while it's particularly emphasized in Magi (on individuals' participation), because of the design of PoW block reward. A simple description of the block reward is that it decreases with increasing network hashrate, and may hit zero when network hash is significantly high. A consequence of this is big miners get frustrated. If one is familiar with the block reward (https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269), you will see block reward could be easily hitting zero. A point here, which was also being argued among people, is who will exit if mining nothing? This is where PoM campaign will be functioning. The campaign will encourage people to keep mining by rewarding despite the amount of block reward. To understand the purpose of the PoM campaign , we can see what happens if we're on the opposite situation - what if generic miners quit first?: 1) big miners keep mining, 2) because of miners quitting, network hash getting low, block reward increasing, and big miners get rewarded more! So now you see PoM campaign is trying to protect the network and to ensure FAIR coin distribution.

To the individuals, PoM means one will receive better rewarding by long term mining. Provided that we, the generic miners, form a solid league, won't give up mining in any situation. One will receive less mining share if big miners are present since they have more hash weight over the rest of miners. It should be noted, however, that coin distribution is pretty much protected by the significantly reduced block reward, as much less coins will be mined in this case. At the time of big miners' leaving, network hash decreasing, not only one gets higher mining share, but also the block reward is high. Then you know why Magi can achieve the FAIRness in coin distribution.

Why PoM?

The XMG's block reward design has to bring the network hashrate into an equilibrium which would never go a very high or low number. Though the equilibrium state is strongly affected by the coin price, it is anticipated that the total hashrate could stay an appropriate level. This is a good feature to avoid huge waste of electricity consumed in the Bitcoin or other Altcoin's network. However, the weakness lies in the fact that one can gain reasonably high hashrate to dominate over the rest of the network. Although this is undesirable feature, we have taken a strategy, i.e., the PoM campaign, to avoid big-hash miners.

In general, people mine for profits, that means miners leave when they are unsatisfied with mining rewards. 

The PoM campaign encourages the persistence of generic miners by giving away a certain amount of coins to each participant. So one will receive mining reward plus PoM campaign reward. Even mining gets zero reward, one will receive the benefit from this campaign.

To the XMG network, we will have a fixed number of people mining around to compete the big-hash miners. In normal situation, people would quit after mining something without a reasonable ROI. This is primarily the reason of this campaign, and it is anticipated that the generic miners will maximize their shares.

What does "2nd PoM" mean?
The initial PoM (1st) is launched here: https://bitcointalk.org/index.php?topic=802681.0.

Duration
About two months.

Participation & Rules
# Each participant has to register along with the bitcointalk username (registration will be open on Apr. 19)
# Each participant will need to mine in our official pool: https://pom.m-hash.com
# Hard rule: your bitcointalk user must be registered before April 17, 2014 10:00 PM (EST) and be active; and you must be a Sr. memeber.
   = If you aren't yet the Sr. memeber, mange it to this level during the campaign.
   = If you are new to this world and just registered (so after April 17), please send us message.
# You muse mine with your CPU and total hashrate not exceeding 250 kh/s.

Pool rule
https://pom.m-hash.com is our official pool (created and managed by Historical) designed for PoM; mining hashrate higher than 250 kh/s is not allowed. Warning will be giving to people who put miners exceeding 250 kh/s, followed by account locking and worker removal if hashrate is not depressing upon warning.

Calculate the reward
We have a certain amount of pre-set funds available at this time, and intend to get more funds. The funds will be distributed into all of the participants. The following will affect the amount of coins one will receive.
# The number of participants;
# The reward will be proportional to 1) hashrate (up to 250 kh/s) 2) mining duration

(we will make sure the method of how-to-calculate soon)