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



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


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

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

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%)

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

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

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


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/

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.



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