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NEW MAGI XMG M7M-V2 thread with latest updates and links


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#0

August 12, 2014, 05:53:06 AM
Reply with quote  #1


Summary

Magi (XMG) is a PoW/PoS hybrid coin (mPoW/mPoS). Magi is designed with difficulty dependent mining reward for proof-of-mining (PoW) blocks in order to put network hashrate under a certain limit. Magi at the first time implements a novel proof-of-staking mechanism, to frustrate potential attack through accumulating a large number of coins and offline staking time (read more..). Magi is at the first concentrating on the low cost in maintaining its block system, for example, through cost effective mining devices. To this end, Magi, aiming at fairness, cost effective and energy efficiency, strives for every single effort to make mining be available to everyone, and provides an even playing field for people looking to issue digital coins without expensive equipment. 

mPoW, the magi's proof-of-work (PoW) protocol, in addition to required computational works to be done to deter denial of service attacks, is also a network-dependent rewarding model system. The mPoW rewards participants who solve complicated cryptographical questions not only to validate transactions but also to create new blocks and generate coins. The amout of coins generated are constantly monitored by the mPoW protocol and tuned on the basis of an attraction-repulsion model: 1) incremental rewarding to stimulate network activities during passive mining phase, and 2) decremental rewarding to mitigate redundant mining sources during agressive mining phase. mPoW can effectively govern the magi's network and limit it under a certain scale, enabling the general devices to be capable of mining magi. ++ For details - A network-dependent rewarding system: proof-of-mining

mPoS, the magi's proof-of-stake (PoS) protocol, aims to achieve distributed consensus through operations in addition to mPoWmPoS is designed such that it rejects potential attacks through accumulating a large amount of coins or offline staking time, either of which leads to security concerns. Similar to mPoW's operation, mPoS is constructed in accordance with the concept of the attraction-repulsion model. Magi hybridizes mPoW with mPoS, and integrate both consensus approaches in order to acquire benefits from the two mechanisms and create a more robust payment system. ++ For details - magi's PoS

 [MagiIntro Video] - What is Coin of the Magi?


Wallet (v1.3.1)
Windows Installer (x32/x64): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win-setup.exe
Windows (x32): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win32.zip
Windows (x64): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win64.zip

Linux: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-linux.tar.gz
Mac OS X: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-osx.dmg
FreeBSD: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-freebsd.tar.gz

Block chain: http://coinmagi.org/bin/block-chain/
Release notes: http://coinmagi.org/bin/release-notes.md

Logo:

http://coinmagi.org/files/logo/v2
Old version: http://coinmagi.org/files/logo/v1

Specifications
Symbol: Σ

Proof of Work (PoW)
Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)
M7M (v2) PoW hash function
Block time - 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoS-II)
Security enhanced - Variable coin age depending on the staking time (more..)
Minimum coin age - 2 hours
Interest rate - network weight dependent with maximum 5%;
Block time - 1.5 minutes
Block hash - SHA256
Maturity: 120
     (Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Exchanges
Bittrex | Cryptopia | Novaexchange | CryptoDAO | YObit.net

CPU Miner
Source: https://github.com/magi-project/m-cpuminer-v2
GUI (m-cpuminer-qt): Windows 6432Mac OS XLinux 64SourceGithub release
NeedIfFindIt's GUI Miner: Makejar download (Windows)Coinmagi.org host download
m-minerd (m-cpuminer-v2): Windows 6432Mac OS XLinux 64SourceGithub release
Spexx's minerd: Download here (Windows)Coinmagi.org host download
Guide to launch the miner
Adjust CPU mining usage: "-e cpu_efficiency" between 0 - 100 (i.e., 0 - 100%)
Code:
m-minerd -o stratum+tcp://pool_url:pool_port -u pool_user.worker -p password -t thread_numbers -e cpu_efficiency

Pools
Suprnova | MaxMiners | m-hash | MinerClaim | Magi (XMG) Mining | MiningRigRentals

Block Explorer
CryptoID | m-chain.info (to-be-fixed) | MultiFaucet

Videos
https://www.youtube.com/watch?v=7EkAbPacS7c
https://www.youtube.com/watch?v=W71FVD6YWM8
https://www.youtube.com/watch?v=jpvpO0OE7Dw
https://www.youtube.com/watch?v=UaJKTWugF8s

Connections
The fruitsclan (the world wide multi-gaming clan, thanks to Goldlabel): Netherlands siteEnglish site



Update & News

03/13/2015: Light Splasher Graphicshttp://www.lightsplasher.com/2015/magi-coin-review/
03/07/2015: Crypto Mining Bloghttp://cryptomining-blog.com/4491-cpu-mining-the-coin-magi-xmg-what-can-you-expect/
03/02/2015: Crypto Mining Bloghttp://cryptomining-blog.com/4459-are-you-looking-for-a-cpu-crypto-coin-try-coin-magi-xmg/
02/24/2015: 24/7 Cryptonewshttp://247cryptonews.com/coin-magi-dream-transformed-in-reality-for-cpu-miners/
12/13: Crypto Mining Bloghttp://cryptomining-blog.com/4017-coin-magi-xmg-cpu-only-alternative-crypto-currency/
12/01: Coinkita.com (a bitcoin educational community startup) (Indonesian ): http://coinkita.com/xmg-magi/
11/23: BTC-Germanyhttp://blog.btcgermany.eu/altcoin-der-woche-magicoin-xmg/
11/15: The Bitcoin Newshttp://thebitcoinnews.com/2014/11/15/coin-magi-cpu-miners-dream-proof-of-mining-pos-ii/
11/14: Coins Sourcehttp://www.coinssource.com/coin-magi-a-cpu-miners-dream-proof-of-mining-pos-ii/
10/31: Mundo Crypto: La moneda de distribución justa (Spanish); http://www.mundocrypto.com.ve/uncategorized/magi-xmg-la-moneda-de-distribucion-justa/
10/29: The Einsteinium Newshttps://sites.google.com/site/einsteiniumbiz/home/page-2
10/28: The Bitcoin Newshttp://thebitcoinnews.com/2014/10/28/coin-magi/
10/28: Cryptos.Ushttp://cryptos.us/crypto-news/item/58-coin-magi-a-unique-cpu-coin
10/21: Satoshis.Guruhttp://www.satoshis.guru/home/coin-info/magicoin/
10/19: The Cryptocoin Chroniclehttp://cryptocoinchronicle.com/2014/10/magicoin-coin-cpu-miner/





FAQ
1. The staking has "Not enough weight", what should I do?
For the regular PoS, "Not enough weight" means insufficient staking time. For Magi's PoS (mPoS), however, the cause can be correlated with the over-time staking. The latter is a typical issue raised by people from time to time. There is only one way to solve this which can be done via resetting staking from scratch: send XMG to another address in the same or another wallet. You may want to use the "Coin control" feature in order to select the input sources. Do not try to stake with a significant amount of XMG that mitigates the weight as well. Once this is done, remaining the wallet running shall gains some staking weights. 

Nodes
addnode=104.128.225.215








Posted: 4/20/2017 6:22:02 PM Edited: 8/19/2017 6:54:52 AM
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#1

Here is a list of the things we're going to do:

https://roadmap.coinmagi.org

I would like to make the first two be done ASAP.

Awesome news! Looks good! Can't wait for it Smiley


Wanted to mention the roadmap page is fully supported by ex33s, and hosted on his server. Some other info site from him:

https://poolinfo.systms.org
https://poolinfo.systms.org/map

If anyone wants to make him donations, here is his address:

9Hd61fvNvQTVZby6wECQmq2yg2nHxT9w8u



Posted: 5/22/2017 9:04:30 PM
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#2

Some updates:


Sounds awesome! Can't wait to try it out Smiley


In the middle of changes, it could be done soon or later depending how it goes smooth.



Posted: 6/1/2017 8:41:59 PM
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#3

Here is a list of the things we're going to do:

https://roadmap.coinmagi.org

I would like to make the first two be done ASAP.


Just a little piece of the Magi roadmap.
Follow the link above for the whole roadmap!
 
 


Posted: 6/1/2017 8:44:08 PM
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#4

We are now at 971 likes  Grin , so go to https://www.facebook.com/CoinMagi/ place your walletadress at the 1000 like post and maby you are the 1000 xmg winner  Wink .
 
 


Posted: 6/5/2017 10:01:28 AM
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#5

Hey guys, like I said in previous post I lost track of crypto and Magi.
Can you pls tell me if the sweetspot is still going on? (is it updating to current block situation)
What is the latest wallet version? (I downloaded v1.3.1.0 version and syncing...it gon take forever but hey... Wink

Hi z0n0,
Check this:
https://bitcointalk.org/index.php?topic=735170.msg15314290#msg15314290
Update procedure:
1) Backup wallet.dat to a safe place;
2) Delete everything under the Magi or .magi folder except wallet.dat;
3) Download block chain from here http://coinmagi.org/bin/block-chain/ and unzip the fille;
4) Unzip all of the stuffs under the folder m-blockchain into Magi or .magi;
5) Start up the new wallet

I think when you do step 3 it wont take forever to sync.


Here is a recent version: https://bitcointalk.org/index.php?topic=735170.msg17799521#msg17799521. The installer is an easy way to install and download blockchain on Windows.



Posted: 6/5/2017 10:02:01 AM
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#6

m-wallet version 1.3.1 released

Qt-Wallet and Daemon:

http://coinmagi.org/bin/m-wallet-1.3.1/
Source code: https://github.com/magi-project/magi/

Windows Installer (x32/x64): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win-setup.exe
Windows (x32): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win32.zip
Windows (x64): http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win64.zip

Linux: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-linux.tar.gz
Mac OS X: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-osx.dmg
FreeBSD: http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-freebsd.tar.gz

Block chain: http://coinmagi.org/bin/block-chain/
Release notes: http://coinmagi.org/bin/release-notes.md

Multiple Platforms:

* Starting from v1.3.1, we provide official support of building packages for FreeBSD; both Qt wallet and daemon are available. Supports to other platforms may also occur in future release;
* Struggled with a working Qt wallet for Windows XP (daemon works); this effort is yet to be done. Since Windows XP is no longer supported by Microsoft, I'm considering to drop off the compilation; please let me if one does need a Qt wallet for Windows XP.

Changelog:

v1.3.1
=============
This is a major release designed to improve the overall performance of the wallet. Upgrading to this version is strongly recommended. All parties upgrading from versions prior to v1.3.0 should resynchronize the complete block chain from the beginning.

A copy of block chain available: http://coinmagi.org/bin/block-chain/

- Support of building Qt wallet and daemon on FreeBSD;
- Added "Mint" menu on the Qt wallet;
- Added "About" menu on the Qt wallet;
- Fixed price update for all of OS including Windows;
- Corrected the total amount on the transaction page;
- Overall improvement of the Qt wallet appearance;
- Removed pre-release message from the status bar;
- Redesigned the icon set; new logo available here: http://coinmagi.org/files/logo/v1; previous version: http://coinmagi.org/files/logo/v2;

(January 29, 2017)

This release also contains the prior changes associated with v1.3.0rc1 which wasn't made publicly.

v1.3.0rc1
=============
- Changed database for storing transaction and block indices from Berkeley DB to LevelDB;
- Enabled block hash storing in storage and loaded directly from disk;
- Fixed "Checkpoint is too old" warning;
- PoS stake splitting and combining features, which can be set by stakesplitthreshold=VALUE and stakecombinethreshold VALUE in magi.conf, or by RPC commands: setstakesplitthreshold and setstakecombinethreshold; RPC commands getstakesplitthreshold and getstakecombinethreshold to show their current values;
- Added price information on Qt overviewpage;
- Qt wallet logo change and GUI improvements;
- Merge pull request of adding total balance in "Transactions" page by lightsplasher;
- Merge pull request of version check updates by feldenthorne; fixed automatic version check including test/rc versions.

(June 22, 2016)

Notes:

* Since v1.3.1 migrates to leveldb for block index storing, for upgrading from a version before v1.3 should reset the local block-chain;
* For users on Windows, we provide a convenient way to use an installer for upgrading wallet and migrating to the latest block chain; this is strongly recommended;
* Additional note to the stake splitting & combing for information; https://github.com/magi-project/magi/blob/1.3.0rc/src/wallet.cpp#L1595

Code:
               // The original design prevents stakes having the same parent transaction from combining
                // which somehow reads as encouraging splitting (improve security);
                // This mechanism is to be disabled in Magi since combining won't cause security concern

                /* Splitting is only enforced at wallet, not by PoS protocol as well as consensus over network.
                 * Original PPCoin design encourages splitting as per "Lower coinstake combine threshold to
                 * improve security", which can be understood by the fact that in general PoS, with a large
                 * number of coins in stake comes greater chance of (PoS) mining blocks. This is not going to
                 * happen in Magi. Also, hardening nStakeCombineThreshold is impractical since an advanced user
                 * can easilly make a change to that and rebuild a wallet. The change to nStakeCombineThreshold
                 * should be available externally, e.g., RPC command, magi.conf configuration file.
                 ** Magi, for optimum staking, nStakeCombineThreshold should be used in combination with nStakeSplitThreshold.*/

nStakeCombineThreshold along with nStakeSplitThreshold should be utilized for best results. The optimum threshold is neither a random number nor as large as possible; it's in accordance with the magi's PoS (mPoS) protocol.  

Upgrading procedure:

- In general:
1) Backup wallet.dat;
2) Delete everything under the Magi or .magi folder except wallet.dat;
3) Download block chain from here http://coinmagi.org/bin/block-chain/ and unzip the file;
4) Put all of the contents under the folder m-blockchain into Magi or .magi;
5) Launch the new wallet.

- Windows:  
1) Backup wallet.dat;
2) Launch the installer;
3) Choose the option you want to migrate the block-chain; the installer will always move the original Magi folder to something like Magi-BACKUP-*;
4) Follow on-screen prompts to install.

(One can also use the installer to update/switch block-chain data. We will update the block-chain from time to time)


If you run into issues with the binaries / installer, let me know ASAP. I'll try to solve the issues in a timely manner.

Finally, please help to spread the words. We need have all of the services, mining pools and exchanges to switch to v1.3.1. Also, I recommend updating logo to v2 (http://coinmagi.org/files/logo/v2).



Posted: 6/5/2017 10:02:50 AM
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#7

Have the screenshot also!! ;D ;D
Congrats Magi passed the $1000.000 Marketcap! ;D



Posted: 6/5/2017 7:32:07 PM
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#8

Magi added on new Crypto trade platform.
See message below:



Coin Magi (XMG) Listed in CryptoDAO Limited- Crypto Trade Platform, Multi Wallet and Crypto Loan Provider(Beta Version)
Send us Coin Magi Bounty/Donation: 96zQCZi3D2PsYYcM2zH8HZx7YVyBF8Zvds


Our Standard Platform:
BTC/XMG:https://cryptodao.com/site/index/XMG/BTC
LTC/XMG:https://cryptodao.com/site/index/XMG/LTC
ETH/XMG:https://cryptodao.com/site/index/XMG/ETH
USD/XMG:https://cryptodao.com/site/index/XMG/USD
RUR/XMG:https://cryptodao.com/site/index/XMG/RUR


MT4 Based PRO Webtrade Platform
BTC/XMG: https://cryptodao.com/trade2/index?symbol=cryptodaoxmgbtc

Coin Magi Webwallet
https://cryptodao.com/site/register

Thanks Cryptodao and welcome in our Magi community!



Posted: 6/8/2017 9:04:44 PM
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#9

Website link there is the old one. New website will follow soon! ;D



Posted: 6/16/2017 8:43:19 PM
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#10



Posted: 6/16/2017 8:44:42 PM
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#11

Lots of Magi action on Topia - somebody is pumping the price with a bot - price just almost reached 6k on there. Magi is doing very well today =)

I also noticed how strong MAGI is compared to other alts while BTC is going up, this is a very bullish sign to me.
In fact MAGI is still not profitable for miners to mine, this means (at least for me) that MAGI is way underpriced compared to its real value.

I must admit I married XMG when it first launched, so I am a bit biased here, but if you are standing on earth with two legs you can still see how low the price is compared to real value.

Cheers to all MAGI supporters you are all doing a great job, I am with you always even if I am not very active in the community.

Smiley


Good words Mozsi. Thanks for that. Its also good to know Magi has lots of members/supporters who are less active on this forum.
Thats ok. There are lots of options for people to follow Magi. Here or on Bitcoingarden, other forums, Twitter, Instagram, or other social media.
Everybody is welcome!



Posted: 6/20/2017 9:54:56 PM
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#12

Magi Coin [XMG] is listed: https://yobit.net/en/trade/XMG/BTC
Magi Coin Dice: https://yobit.net/en/dice/XMG



congrats  Wink
Thanks  trannamtan! Good news! Welcome in the Magi community!


Posted: 6/20/2017 9:56:26 PM
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#13

Im wondering is there any estimation for segwit to be activated on Magi?

Yes there is. Its on the roadmap in post 1
Looks like devteam will work on it this year!



Posted: 6/23/2017 8:48:15 PM
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#14

It will come in time Hefty.
Btw the total amount of sell is almost equal as the buy amount. What will happen if the buy amount will be higher? Mean on Bittrex.

Supply vs demand. My experience tells me that when buy orders get higher than sell orders as you said, price goes up.
Thanks Mozsi for you reply.
About Yobit maybe it will become better with Magi there.
I'am always carefull with the exchanges, lets say i learned from Cryptsy!

Paul Vernon  Cheesy  

There is nothing that can hold Magi back Smiley when some ppl that waited this moment last few years and are insecure sell everything they have in next few days demand will get 2xhigher magi is at 7mil now good thing devs listened to community in beginning and lower maximum xmg from 40 to 21mil, 70% of magi community wont sell in near future, people will fight for every XMG on exchange very soon. Price can only go up Smiley

As for exchange i trust bittrex they even keep all my coins that they relisted years ago so i can recover them at any time, Cryptopia is also great.
I am going to catch some sleep , see you later guys Smiley

 


Posted: 6/24/2017 10:39:13 AM
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#15

The road for XMG coin of Magi is no puzzle to me.
Loving the artwork goldlabel =D
Amazing job Goldlabel. Wish i had your skills
 
 


Posted: 6/24/2017 10:39:43 AM
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#16

Preview new Magi website on smartphone  Smiley



Posted: 7/6/2017 8:20:09 PM
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#17



Posted: 7/6/2017 8:21:50 PM
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#18

Did somebody try to mine Magi with android?
https://t.co/HM6ZSgfvAR

 

I do... Works as expected. Gives me abt 7kh/s on my older android  phone. Will not get rich out of it. But fun way to kill time while charging.



Posted: 7/6/2017 8:23:34 PM
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#19

Magi XMG launched new website: www.m-core.org

 



Posted: 7/9/2017 7:56:32 AM
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#20

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.
Yep, best thing to do is stick to your strategy (if you have one) and play the long game - I think today will be a great day - I like these drops almost as much as the pumps - although must admit that I wasn't 100% prepared for Magi to drop this far =)

Yeah, i have a stratedgy for both long and short term. This is absolutely a great day almost all wants to buy in cheap price. I think one person who can't control the market but it has a great impact that we have an active community. Even we aren't prepared for this in the future we can't stop the good market.



Posted: 7/11/2017 7:32:57 PM
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#21

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.
Yep, best thing to do is stick to your strategy (if you have one) and play the long game - I think today will be a great day - I like these drops almost as much as the pumps - although must admit that I wasn't 100% prepared for Magi to drop this far =)

Yeah, i have a stratedgy for both long and short term. This is absolutely a great day almost all wants to buy in cheap price. I think one person who can't control the market but it has a great impact that we have an active community. Even we aren't prepared for this in the future we can't stop the good market.

Advisor: 7/11/2017 7:32:57 PM

 Yes think you are both right. If you look at the volume on the exchanges here or on Bittrex you see the volume is sometimes higher than the buyorders.

That means the Magi community is very stronger and will always guard their favorite currency and thats awesome!



Posted: 7/11/2017 7:35:32 PM
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#22

We updated the wallet version to v1.4 to enable a fix to the splitting. I'll give more description regarding the fix. There is splitting around block 1443980; it wasn't confirmed that is necessary a fork from pool, as the inconsistent block is a PoS block based on a comparison of two chains available. Given that, the fix is to start from that point. Procedure to startup on a clean chain:

1) Download the wallet v1.4.0 (will push other versions into that): 

http://coinmagi.org/bin/m-wallet-1.4.0/

2) Backup wallet.dat;

3) The prior blockdata must be removed before launching the new wallet: 

Remove everything under the Magi or .magi folder except for wallet.dat:

Windows: %appdata%\Magi
Linux: ~/.magi

4) If you wish to redownload blockchain from scratch, skip to 7)

5) Download block chain from:

http://coinmagi.org/bin/block-chain/

and unzip the file;

6) Place all of the contents under "m-blockchain" into Magi or .magi;

7) Launch the new wallet. 

Source:

https://github.com/magi-project/magi

I'll update relevant docs and web once I get a chance back on the stuffs, and some more descriptions. 


Nodes: 
Code:
connect=104.128.225.215
connect=216.189.151.56
 


Posted: 8/16/2017 2:38:44 AM
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#23

 
Hmm, just recovered my wallet from the backup I took this morning and I seem to have around 5620 XMG missing

Any idea how I can recover them?

Phew, I just found the 'repairwallet' command - that got all my magi back
Great could you tell with step you followed so others can find it also. Thanks 

Sure, 
1. Click on console in Magi wallet
2. Type checkwallet
3. Type repairwallet (if there are mismatched coins identified)
4. Wait for the wallet to sync
 

Only run this command if you have a backup of your wallet.dat, NEVER run it if you don't have an backup!

 
 
 


Posted: 8/16/2017 2:41:28 AM Edited: 8/16/2017 2:44:42 AM
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#24

Following are separate compilations: 

Windows (x32): http://coinmagi.org/bin/m-wallet-1.4.1.1/m-wallet-1.4.1.1-win32.zip
Windows (x64): http://coinmagi.org/bin/m-wallet-1.4.1.1/m-wallet-1.4.1.1-win64.zip

Linux (32 & 64): http://coinmagi.org/bin/m-wallet-1.4.1.1/m-wallet-1.4.1.1-linux.tar.gz

OS X: http://coinmagi.org/bin/m-wallet-1.4.1.1/m-wallet-1.4.1.1-osx.dmg

Node (updated OP too):

Code:
addnode=104.128.225.215


Edit: 

The wallet can automatically find the above node; don't worry about this part basically.



Posted: 8/19/2017 6:55:38 AM