Coin MAGI

MAGI Core version 1.4.4.1 released

Thu, 14 Sep 2017 23:56:00 +0000

This release solves the recent blockchain forking issue.

Changelog

- Synchronizing checkpoint & master server introduced; this is to remove constantly checking on the misbehaving and IP banning, along with the error "block with too little proof-of-stake or proof-of-work". The checkpoint master server and keys remain to be used from now on; they are likely to be removed in the future;

- Implemented a block generation rule: PoW / PoS blocks are mined / minted by following a pattern: 1) at least two PoS blocks minted between two consecutive PoW blocks, or...

MAGI Core version 1.4.3 released

Thu, 24 Aug 2017 22:00:00 +0000

Changelog:

This release is a temporary fix to the current blockchain issue in MAGI; this is done by taking 104.128.225.215 as a trust node. Following setting in magi.conf is highly recommended. Refer to https://m-core.org/blog for news and final fix to the issue.

v1.4.3
=============

http://coinmagi.org/bin/m-wallet-1.4.3/
Source code: https://github.com/magi-project/magi/
Windows (ZIP): http://coinmagi.org/bin/m-wallet-1.4.3/m-wallet-1.4.3-win.zip
Linux:http://coinmagi.org/bin/m-wallet-1.4.3/m-wallet-1.4.3-linux.tar.gz
Mac OS X: http://coinmagi.org/bin/m-wallet-1.4.3/m-wallet-1.4.3-osx.dmg
Block chain (#1451225): http://coinmagi.org/bin/block-chain/
Release notes: http://coinmagi.org/bin/release-notes.md

Notes:

...

Solo Mine MAGI

Wed, 23 Aug 2017 23:36:00 +0000

Download wallet

Edit magi.conf to include the following lines:

  daemon=1 server=1 rpcport=8232 rpcallowip=127.0.0.1 rpcuser=randome_username rpcpassword=randome_rpcpassword

Launch wallet or daemon and synchronize blockchain

Launch miner:

Linux or OS X:

  ./minerd --url http://127.0.0.1:8232 --user rpcuser --pass rpcpass -t thread_numbers -e cpu_efficiency

Windows:

  minerd.exe --url http://127.0.0.1:8232 --user rpcuser --pass rpcpass -t thread_numbers -e cpu_efficiency

Mining calculator

getminingbykhps 10

  { "hashrate (kh/s)" : 10.00000000, "difficulty" : 1.56666109, "difficulty(aver)" : 1.35112710, "blockvalue" : 5.23089843, "mining...



MAGI - chain maintainence
Wed, 23 Aug 2017 20:59:00 +0000
 As there recently came issues of network splitting in MAGI's blockchain, and the issue has kept going on, we conclude a temporary solution. For details see the post https://goo.gl/bcvxDL: 
  As I received many requests of no-rollback and also many posts here, we will take the majority that we will go on with the chain on 104.128.225.215 as is, NO ROLLBACK. However, I strongly believe the PoW reward needs a reset at this mode before fix is released in the near future, and the number I have in mind is maximum 15 XMG /...


MAGI Core version 1.3.1 released
Fri, 10 Feb 2017 03:35:14 +0000
  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.
 
  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/ 
  -...


MagiPay - Standalone Payment Gateway for Coin MAGI
Fri, 06 Mar 2015 15:25:51 +0000
 MagiPay is a payment gateway for Coin MAGI. The motivation of developing MagiPay is to have the MAGI being used in a relatively easy way. MagiPay is standalone and unique to coin MAGI. Features: 
  Using MagiPay is totally free for Merchants; customers have to pay transaction fees. 
 MagiPay is uniquely designed for Coin Magi, independent of any other payment gateways. Custom requests will be sent to tailoring MagiPay functions.
 No payments are held by our server. Funds are available to merchants upon 6 confirmations. 
 
 
  Website: https://m-pays.com
 ...


MAGI - New Added API Calls
Wed, 31 Dec 2014 04:30:55 +0000
 Several added API calls for MAGI: getnetstakeweight, getmininginfo, getnewblockvaluebynumber, and getminingbykhps.
  Network stake weight
 getnetstakeweight
 
 Mining info
 getmininginfo
   { "Expected PoS (hours)" : 3 }  
 
 Block reward
 getnewblockvaluebynumber 122478
   { "flags" : "proof-of-work", "difficulty" : 1.62299710, "difficulty-V2" : 1.54876817, "blockvalue" : 5.36191184, }  
 
 Mining calculator
 getminingbykhps 10
   { "hashrate (kh/s)" : 10.00000000, "difficulty" : 1.56666109, "difficulty(aver)" : 1.35112710, "blockvalue" : 5.23089843, "mining (XMG)" : { "1 hour" : 0.03245060, "1 day" : 0.77881439, "1 week" :...


CPU miner - m-minerd control on CPU efficiency
Wed, 31 Dec 2014 04:30:55 +0000
 We introduce a CPU miner (m-minerd) with the capability of adjusting CPU efficiency, targeting at improved response to MAGI's PoW operation. In the generic PoW, mining with reduced CPU efficiency leads to reduced rewards since the other miners always pursue higher hashrates.
 In MAGI's PoW implementation, pursuing high hashrate is recommended only at some occasions (passive mining phase), and will be greatly frustrated once the total network hashrate is over the limit (agressive mining phase). At the time when network hashrate reaches a limit, reduced hashrate will actually benefit to save energy cost since the...


MAGI's Proof-of-Work PoW-II-V2
Wed, 31 Dec 2014 04:30:55 +0000
 Huge amount of energies consumed in the cryptocurrency has been a big issue, which is totally opposite to the global efforts in saving energies. This issue should be resolved sooner or later in order to advance the cryptocurrency any further. As one of the possible solutions, that's the reason we have PoS. However, the pure PoS mode would never lead to decentralization. Any approaches are vain if decentralization cannot be maintained. The PoW should be remained in order to distribute coins into a broad audience over time. 
 The basic rule of dealing with the energy concern...


MAGI's Proof-of-Stake PoS-II-V2
Wed, 31 Dec 2014 04:30:55 +0000
 What we have done in this upgrade is adding rigorous limitation on the amount of coins in one transaction for staking purpose, and reducing maximum staking time within one week. We don't expect impact on typical situation where one remains wallet online for PoS stake; the offline time should not exceed more than a week. We also recommend to keep 100 - 1000 XMG in one transaction for best results. 
 Again, MAGI implemented a braking mechanism which makes it more secure compared to any other PoS coins. To understand that, take a look at the basic...