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Magicoin MAGIC (MAGI) - The MagiCurrencyhttp://www.cryptomagic.comWe are hosting a giveway: CLICK HEREQuoteWe most welcome (many many) miners with small-scale rigs, not "big". We hope MGC are distributed among many many people, rather than big holder. We do not want to be quick in and out, pump and down. We do progress but be patient!Quote04/27 A few updates: www.cryptomagic.com up and running Our home: http://www.cryptomagic.com is up and running. Please specifically read the page: http://cryptomagic.com/resources/what-makes-magicoin-different.htmWe have an on-going video contest (3.5 BTC reward+ 20,000 MAGIC bonus): see https://bitcointalk.org/index.php?topic=587328 and http://cryptomagic.com/misc/2014-04-27-video-contest.htm, hosted by Git_2058, Git_2058 is one of our teamsWe have a few plans and more will be announced: we will hire a few persons. Git_2058 may seek helps to expand Magicoin into Chinese community. We will also hire a person who will be specifically responsible for our News site which will be up soon. A quick look of the homepage (www.cryptomagic.com): Here is for fresh news & updates & plans. Be sure to check back.QuoteNew wallet (v1.0.1.2). Exchanges: RockyTrade SwapHoleTwo additional mining pools:http://pool.webcoin.us/magichttp://magic.nitro-pool.comhttp://pool.webcoin.us/magic is very nice, with a built-in block explorer: http://webcoin.us/magic/statistics/blockchainMuch more bounties available: PM me what you can do to improve MGC The number of coins to be mined gradually increases with time (two weeks stabilizing at the normal value). Don't worry if you missed a few days of initial mining. Come and stay with us, and digggggg bigggggg Magicoins!!! See here what matrix961 got Quote from: matrix961 on 09. April 2014., 18:53:58I've been solo mining at about 750 kh/s and my first few blocks were around 6 coins each. I then had 1 or 2 at around 7 coins each this morning. I went home for lunch to check again and was surprised. I had gotten another 2 blocks around 12:00-12:16pm EST for 188 each! Is that right?*Edit* I'm assuming the 2 blocks were from the magic time as stated above... Website http://www.cryptomagic.comDownloadsWindows- v1.0.1.2- MAGIC!- Openssl heartbleed fixed (all source compiling should use openssl built on Apr. 7, 2014 or later)- Update seeds (basically .conf file is not necessary for network sync)- Update checkpointszip file: Magicoin-v1.0.1.2.zip- v1.0.0.3- resolve ports issue, thanks to ocminer- please use the new .conf file)- windows daemon included7z file: Magicoin-v1.0.0.3.7zzip file: Magicoin-v1.0.0.3.zipGoogle drive downloads- v1.0.0.27z file: Magicoin-v1.0.0.2.7zzip file: Magicoin-v1.0.0.2.zipLinux: coming soonMac OS X: coming soonSource code: https://github.com/magicoin/magicoinSocialFacebook TwitterConfiguration (save into a file magicoin.conf; a copy comes with the wallet too): Code: [Select]listen=1daemon=1server=1rpcuser=userrpcpassword=passwordrpcallowip=localhostaddnode=88.190.29.9:35883addnode=192.241.188.47:54708addnode=107.170.40.164:33813addnode=54.204.36.33:47233addnode=107.170.52.79:50242addnode=66.85.150.119:44483addnode=195.12.60.154:35883addnode=195.12.60.154:39454addnode=188.226.175.6:50258addnode=76.97.225.20:49720addnode=76.97.225.20:35033addnode=76.97.225.20:53002addnode=162.243.125.68:39309addnode=76.97.225.20:59727addnode=107.170.218.104:33456addnode=87.98.190.199:13622addnode=162.243.219.192:38688addnode=54.186.68.143:56850addnode=69.39.239.227:42004addnode=121.215.16.132:35883addnode=144.76.100.197:56075addnode=76.97.225.20:43343addnode=107.170.136.42:41707addnode=78.137.29.61:61566addnode=78.137.29.61:59275addnode=76.97.225.20:52719addnode=75.142.64.32:35883addnode=109.227.72.2:63136addnode=109.227.72.2:54419addnode=86.57.195.197:33400QuoteRPC port: 35882P2P Port: 35883Launch: Apr. 8, 2014Official Block Explorer: www.magichain.infoSpecificationsAlgorithm: ScryptMagicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details2.5 minute block targetsSubsidy halves in 840k blocks (~4 years)~84 million total coins90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)In average, 50 coins per block2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)Poolshttp://mgc.charityminingpools.com/https://www.cryptopoolmining.com/mgc/http://pool.webcoin.us/magichttp://magic.nitro-pool.comhttp://magic.24hash.comhttp://mgc.dgbpool.com/http://mgc.okaypool.com/(Having issue with rewards, working with the DEV)(we need more mining pools)ExchangesSwissCexSwapHoleRockyTradeFaucethttp://faucet.cryptomagic.com/Forum: CryptocointalkNews & updates05/01/2014 - NEW exchange: SwissCex. 04/27/2014 - www.cryptomagic.com up and running. 04/27/2014 - Magicoin video contest (3.5 BTC reward+ 20,000 MAGIC bonus): see https://bitcointalk.org/index.php?topic=587328 and http://cryptomagic.com/misc/2014-04-27-video-contest.htm.04/23/2014 - New wallet (v1.0.1.2). 04/28/2014 - A new exchange: RockyTrade. 04/23/2014 - A new exchange: RockyTrade. 04/23/2014 - Two additional mining pools:http://pool.webcoin.us/magichttp://magic.nitro-pool.comhttp://pool.webcoin.us/magic is very nice, with a built-in block explorer: http://webcoin.us/magic/statistics/blockchain. 04/09/2014 - Thanks wzttide, we're exchange: SwapHole. A kind reminder: exchange is for exchange; do not store your coins in any exchanges unless you are planning trading. We've been seeing a few exchanges up and down, gone with significant amount of coins, coming with community complaint, and big loss in your assets, which is a pain to this community. 04/09/2014 - Sent out some of bounties; more are available all the time until an announcement is made sometime in the future. PM me what you can do for MGC.04/08/2014 - MGC launched.How does the magic work? First a few graphs: In simple, 10% of total coins are used as bonus and randomly embedded in the course of mining:Initial launch takes two weeks to stabilize; this is to prevent some "big" miners from taking over at the beginning when not many miners are involved. The very first few blocks have zero bonus; wait! this isn't insane? As compensation, Magic hours occur very soon: within the two-week period, there are three magic hours every day which produce the significant number of coins. Because of this, the average coins per block is 25 for the 1st day; when mining proceeds, coins per block exponentially increase to 45 at the 14th day of launch, which is the normal value. So don't go away, or you'll only get zero. For all the future mining, 45 coins per block are normally mined. If you have enough patience staying with us for a 2-week long, you will get Magicoins. There are 80 coins per block occurring in randomly selected two consecutive magic days in every two weeks. This process repeats; Magicoins get halved every ~4 years. So again don't go away, or you'll only get 90% of the coins. BountiesPools[/size][/color]10,000 MGC - 1st pool (awarded to CharityMiningPools)7,500 MGC - 2nd pool (awarded to lolcoind)7,500 MGC - 3rd pool (awarded to pclifes)7,500 MGC - 4th pool (awarded to appbox)News20,000 MGC - 1st published articleup to 50,000 MGC - article at CoinDesk, Bitcoin Magazine, Forbes, Money Week etcVideo: 20,000 MGC - professional grade promotional videoForum: 15,000 MGC - Professional forum setup and maintenanceWallets5,000 MGC - Linux (claimed)5,000 MGC - Mac (claimed)ANN translations1,000 MGC eachChinese ANN translation - 1,000 MGC (awarded to PuYang)Will give out more bounties; PM me what you can do to improve MGCFAQ: The mining earning seems bad, why?QuoteCoins increase with time, there is magic time, big jump up in super blocks (magicoins) every day. After 14 days, coins stabilize at normal value (45 MGC/block + magicoins). How to CPU pool mine?Quote1. Download Stratum mining proxy [Link; linux down the source and compile]2. Create a .bat file (for windows), e.g., start_scrypt_PRC.bat, use a text editor to open it, add a line and save (be sure file extension is really .bat):[/list]Code: [Select]mining_proxy.exe -o mgcus.charityminingpools.com -p 3338 The bat file and mining_proxy.exe should lie in the same folder; Above Stratum mining proxy points to pool: mgcus.charityminingpools.com, 3338 is the port; so basically, you can do the same thing for any pools.3. Double click it and a dos command window should show up, no obvious errors occur, you are good to go4. You can do cpu mining in the same computer you run the stratum proxy, or in a different computer. Now get a cpu miner [Link]5. In the folder where cpu miner (minerd.exe) lies, create another bat file, and add the following lineCode: [Select]minerd.exe -a scrypt -t 4 -o http://127.0.0.1:8332 -u username -p password if you cpu mine in the same computer, orCode: [Select]minerd.exe -a scrypt -t 4 -o http://192.168.0.10:8332 -u username -p password if you cpu mine in a different computer. Here, username and password are related to the worker you set up for the pool mining NOTE: the above "-t 4 " means using 4 threads. If you have a 8-core cpu, you can use up to 8. You'll need to optimize the number of threads such that CPU mining does not affect GPU mining. Also, using maximum number of threads does not mean maxim hashing. Usually, leaving 1 thread for GPU should be fine, but you may give more. 6. Run the bat file, you will see hashing! post if you get into any problems. How to GPU solo mine?Quote1. Set .conf file using the above default. You can set any rpcport you want2. Start Qt or daemon3. Set up cgminer parameters, the url should be localhost and not using stratum, e.g., Code: [Select]"pools" : [ { "url" : "127.0.0.1:35882", "user" : "user", "pass" : "password" }] 35882 is the RPC port, you can also use command line parameters:Code: [Select]cgminer --scrypt -o http://127.0.0.1:35882 -u user -p password4. Run cgminerHow do I mine coins when no pools are available yet?Quote1) Download the wallet & open it2) Go to menu: Help -> Debug window -> then Console3) Type in the following command and then check information using: getinfo, getbalance, getmininginfo (hash rate)Code: [Select]setgenerate trueMy wallet is not syncing?QuoteCheck your configuration file <magicoin.conf> which should lie in the proper folder:Windows 8: C:\Users\username\AppData\Roaming\magicoinWindows XP: C:\Documents and Settings\username\Application Data\magicoinFor windows user: type %appdata% in the address bar of the file explorer and "enter"Linux: ~/.magicoinIf no magicoin/.magicoin folder presents, create a oneSignatureSupport this coin: put the following in your signature: Code: [Select][center][url=https://bitcointalk.org/index.php?topic=548368.0][color=red]Magicoin - digggggg bigggggg magic coins![/color][/url][/center]Enjoy!
We most welcome (many many) miners with small-scale rigs, not "big". We hope MGC are distributed among many many people, rather than big holder. We do not want to be quick in and out, pump and down. We do progress but be patient!
04/27 A few updates: www.cryptomagic.com up and running Our home: http://www.cryptomagic.com is up and running. Please specifically read the page: http://cryptomagic.com/resources/what-makes-magicoin-different.htmWe have an on-going video contest (3.5 BTC reward+ 20,000 MAGIC bonus): see https://bitcointalk.org/index.php?topic=587328 and http://cryptomagic.com/misc/2014-04-27-video-contest.htm, hosted by Git_2058, Git_2058 is one of our teamsWe have a few plans and more will be announced: we will hire a few persons. Git_2058 may seek helps to expand Magicoin into Chinese community. We will also hire a person who will be specifically responsible for our News site which will be up soon.
New wallet (v1.0.1.2). Exchanges: RockyTrade SwapHoleTwo additional mining pools:http://pool.webcoin.us/magichttp://magic.nitro-pool.comhttp://pool.webcoin.us/magic is very nice, with a built-in block explorer: http://webcoin.us/magic/statistics/blockchainMuch more bounties available: PM me what you can do to improve MGC
I've been solo mining at about 750 kh/s and my first few blocks were around 6 coins each. I then had 1 or 2 at around 7 coins each this morning. I went home for lunch to check again and was surprised. I had gotten another 2 blocks around 12:00-12:16pm EST for 188 each! Is that right?*Edit* I'm assuming the 2 blocks were from the magic time as stated above...
listen=1daemon=1server=1rpcuser=userrpcpassword=passwordrpcallowip=localhostaddnode=88.190.29.9:35883addnode=192.241.188.47:54708addnode=107.170.40.164:33813addnode=54.204.36.33:47233addnode=107.170.52.79:50242addnode=66.85.150.119:44483addnode=195.12.60.154:35883addnode=195.12.60.154:39454addnode=188.226.175.6:50258addnode=76.97.225.20:49720addnode=76.97.225.20:35033addnode=76.97.225.20:53002addnode=162.243.125.68:39309addnode=76.97.225.20:59727addnode=107.170.218.104:33456addnode=87.98.190.199:13622addnode=162.243.219.192:38688addnode=54.186.68.143:56850addnode=69.39.239.227:42004addnode=121.215.16.132:35883addnode=144.76.100.197:56075addnode=76.97.225.20:43343addnode=107.170.136.42:41707addnode=78.137.29.61:61566addnode=78.137.29.61:59275addnode=76.97.225.20:52719addnode=75.142.64.32:35883addnode=109.227.72.2:63136addnode=109.227.72.2:54419addnode=86.57.195.197:33400
RPC port: 35882P2P Port: 35883
Coins increase with time, there is magic time, big jump up in super blocks (magicoins) every day. After 14 days, coins stabilize at normal value (45 MGC/block + magicoins).
1. Download Stratum mining proxy [Link; linux down the source and compile]2. Create a .bat file (for windows), e.g., start_scrypt_PRC.bat, use a text editor to open it, add a line and save (be sure file extension is really .bat):[/list]Code: [Select]mining_proxy.exe -o mgcus.charityminingpools.com -p 3338 The bat file and mining_proxy.exe should lie in the same folder; Above Stratum mining proxy points to pool: mgcus.charityminingpools.com, 3338 is the port; so basically, you can do the same thing for any pools.3. Double click it and a dos command window should show up, no obvious errors occur, you are good to go4. You can do cpu mining in the same computer you run the stratum proxy, or in a different computer. Now get a cpu miner [Link]5. In the folder where cpu miner (minerd.exe) lies, create another bat file, and add the following lineCode: [Select]minerd.exe -a scrypt -t 4 -o http://127.0.0.1:8332 -u username -p password if you cpu mine in the same computer, orCode: [Select]minerd.exe -a scrypt -t 4 -o http://192.168.0.10:8332 -u username -p password if you cpu mine in a different computer. Here, username and password are related to the worker you set up for the pool mining NOTE: the above "-t 4 " means using 4 threads. If you have a 8-core cpu, you can use up to 8. You'll need to optimize the number of threads such that CPU mining does not affect GPU mining. Also, using maximum number of threads does not mean maxim hashing. Usually, leaving 1 thread for GPU should be fine, but you may give more. 6. Run the bat file, you will see hashing! post if you get into any problems.
mining_proxy.exe -o mgcus.charityminingpools.com -p 3338
minerd.exe -a scrypt -t 4 -o http://127.0.0.1:8332 -u username -p password
minerd.exe -a scrypt -t 4 -o http://192.168.0.10:8332 -u username -p password
1. Set .conf file using the above default. You can set any rpcport you want2. Start Qt or daemon3. Set up cgminer parameters, the url should be localhost and not using stratum, e.g., Code: [Select]"pools" : [ { "url" : "127.0.0.1:35882", "user" : "user", "pass" : "password" }] 35882 is the RPC port, you can also use command line parameters:Code: [Select]cgminer --scrypt -o http://127.0.0.1:35882 -u user -p password4. Run cgminer
"pools" : [ { "url" : "127.0.0.1:35882", "user" : "user", "pass" : "password" }]
cgminer --scrypt -o http://127.0.0.1:35882 -u user -p password
1) Download the wallet & open it2) Go to menu: Help -> Debug window -> then Console3) Type in the following command and then check information using: getinfo, getbalance, getmininginfo (hash rate)Code: [Select]setgenerate true
setgenerate true
Check your configuration file <magicoin.conf> which should lie in the proper folder:Windows 8: C:\Users\username\AppData\Roaming\magicoinWindows XP: C:\Documents and Settings\username\Application Data\magicoinFor windows user: type %appdata% in the address bar of the file explorer and "enter"Linux: ~/.magicoinIf no magicoin/.magicoin folder presents, create a one
[center][url=https://bitcointalk.org/index.php?topic=548368.0][color=red]Magicoin - digggggg bigggggg magic coins![/color][/url][/center]
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