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Showing 14 of 14 results by faustcollect
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Board Announcements (Altcoins)
Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs
by
faustcollect
on 11/01/2018, 08:50:54 UTC
How much i can get with 10TB ?

You can use this calculator to find out.

http://blocks.fastpool.info/calculator
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Topic
Board Announcements (Altcoins)
Re: [ANN][BURST] Burstcoin | Efficient HDD Mining | New Version 1.3.6 | Assets | CFs
by
faustcollect
on 11/01/2018, 08:42:23 UTC
When will all the coins be mined by the way? Can anyone write the date?

I've made a rough calculation, it seems the last burst will be mined March 2021.
Here is a calculation on google docs:

https://docs.google.com/spreadsheets/d/1qxOqRp9IKmhX0lSiVRf3ydYqJACpqBSx-4Mf3yWgJ5o/edit?usp=sharing

UPDATE:
I'd found out how to calculate the BURST mining term correctly, so I've changed the table.
The final term for mining stoppage is July 2029.
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Topic
Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 05/09/2017, 00:52:10 UTC
Is the mBTC value on Yiimp pool incorrect? Or is it accurate?

It seems way higher than it should be.

Thanks!

Like the mBTC per Magnatum is higher on Yiimp than it is on the exchange.

Since there is no any respectful exchanger for magnatum yet, its price is not presented now, so the mBTC value on Yiimp pool should be incorrect.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 02/09/2017, 17:09:17 UTC
how can i store this coin offline?is there any paper wallet generator available?


Not yet, but you can use the wallet console and dump your keys into a file, so you will be able to print it and save on the paper.
Or, just wait. The coin is developing fast, it seems the generator will be soon.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 01/09/2017, 13:58:30 UTC
scam       Don't waste your hash on this currency!


In a decent society, people usually give evidence for their statements.
And now, please, be our guest, give us any.

Otherwise, you're just a simple brawler.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 01/09/2017, 06:38:59 UTC
Magnatum added for vote on c-cex: https://c-cex.com/?id=vote&coin=mgt
Maybe it's better to add a coin to the voting list on novaexchange?
Signatum already there.
I think there we will quickly gather the necessary number of votes. Everyone can vote once a day.

I also think the c-cex isn't a brilliant idea. Their voting system isn't fair. If your coin loses, you won't get your BTC back.
It's much easier to collect donations and pay directly.

Make separate BTC wallet for donations.
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Topic
Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 31/08/2017, 11:36:52 UTC
For the Talibans who believe that Limited supply is the no 1 and the only feature of a coin:

Bytecoin with a 461M Marketcap as of today, have a Total supply of 184 470 000 000 coins, 99.34% being mined already.

Magnatum will need 1419 Years of mining to reach same supply. If You forgot what's happend 1419 Years ago just refresh Your memory with this link about the Year 598 AD
https://en.wikipedia.org/wiki/598

Oh, Please! Do you even read what you write?
Bytecoin, really?  Huh Who needs Bytecoin? Its exchange rate to BTC is 1/0.00000055 right now! And it's decreasing.

Yes, there was a pump recently, but before it, the coin was as cheap as nothing for a reeeeeally looooong time (more than 3 years!).
Just look here (turn the "all" switch under the graph): https://poloniex.com/exchange#btc_bcn
Its huge emission isn't helping much to grow, is it?

I really don't want magnatum to be like bytecoin. The coin which hasn't any purpose.

Magnatum ought to be switched to a limited emission. Cool
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 31/08/2017, 01:31:38 UTC
What make the BTC and others so special is their limited supply. I don't think that 130m coins per year will do good for MGT.

You can say that again! It's one of the main pros of Bitcoin. There is a rumour that the magnatum developer is considering the possibility to make the coin emission finite. As for me, I'm sure it's a necessary condition for success. Otherwise, the inflation is inevitable in the future.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 31/08/2017, 00:43:40 UTC
What this coin will offer that is a really big thing as they said ?(since it has been said that sigt is nothing but a new hash algo)
thanks!

Many coins like Bitcoin have the same problem with the transactions speed. When many people use the coin there are lots of transactions every second in the coin network, but the coin algorithm can't handle them all because of a fixed time of block generation.

For example, the Bitcoin network can handle only 7 transactions per second and no more. Thus, there is an increasing queue of unprocessed transactions which is slowing the transactions speed. 

Magnatum has a unique feature which helps to solve this problem and transactions in the magnatum network are always fast, independently of the number of coin's users.

Its block generation algorithm (called LiquidBlocks) is able to change the speed of generation to decrease the time of transaction processing. Changing of generation time doesn't influence on the coin emission because of a proportional changing the reward amount.

I believe that the developer will tell us more about the LiquidBlocks feature in the coin white paper.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 30/08/2017, 08:47:57 UTC

Hmmm.. how are you getting this to work with ccminer?  My understanding is that the current wallet doesn't support getwork anymore because it's based on a later version of the qt wallet, and ccminer only supports getwork.  I've also read the the asterisks are no longer supported either in the rpcallowip field.

When I follow your advice, I get:

HTTP request failed: Recv failure: Connection was reset
get_work failed, retry after 30 seconds

I had the same error message, but when I updated the wallet the message disappeared and the solo mining started.
Btw, I'm using ccminer skunksp-mod8.
I've just checked and it works fine. Here is the log:

Code:
C:\Users\test\Magnatum\skunksp-mod8>ccminer64.exe -a skunk -d 0 -o http://127.0.0.1:33334 -u user -p password -i 25
*** ccminer SkunkSPmod8 for nVidia GPUs from alexis78@github ***
*** Built with VC++ 2013 and nVidia CUDA SDK 7.

*** Based on tpruvot@github ccminer
*** Originally based on Christian Buchner and Christian H. project
*** Include some of the work of djm34, sp, tsiv and klausT.

[2017-08-30 16:43:00] NVML GPU monitoring enabled.
[2017-08-30 16:43:00] 1 miner thread started, using 'skunk' algorithm.
[2017-08-30 16:43:00] skunk block 11725, diff 1359.66, net 149.74GH/s
[2017-08-30 16:43:04] GPU#0:Intensity set to 25, 33554432 cuda threads
[2017-08-30 16:43:45] GPU#0:Gigabyte GTX 1060 6GB, 18.13MH/s

UPD:
As for the asterisks, I tried IP-address, but it didn't work, so I used * and it worked.
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Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 30/08/2017, 08:07:39 UTC
What about paper wallet?

There is no one yet. But as I understand, you can dump your keys from the wallet and then add them in later. So, If you write down the dumped keys you will have the paper wallet ) To dump the keys use the wallet console.
The command:
Code:
dumpwallet

UPD:
I didn't try it, so be careful and try it with the new wallet with a small amount of MGT.
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Topic
Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 30/08/2017, 07:13:46 UTC
How to mine magnatum solo (for Windows).

Download and install the last ver. of the wallet here: http://magnatum.io/. Do not start it yet.

Create the configuration file here:
Code:
c:\users\%username%\AppData\Roaming\Magnatum

Name it magnatum.conf
Its content:
--
Code:
server=1
listen=1
daemon=1
gen=0
rpcuser=YOUR_USERNAME
rpcpassword=YOUR_PASS
rpcallowip=*
rpcport=33334
--
The fields YOUR_USERNAME and YOUR_PASS shouldn't be the same word.

Save the file.
Go to the miner folder and make the start.bat file.
I use the x64 ccminer so the example is for it.
start.bat file content:
--
Code:
:loop
ccminer64.exe -a skunk -o http://127.0.0.1:33334 -u YOUR_USERNAME -p YOUR_PASS -i 25
goto loop

Your "i" parameter might be different.

Start the wallet. Wait till it'll be synchronised.
Start your solo mining bat file.

Good luck!  Wink
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Topic
Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 30/08/2017, 06:37:51 UTC
Beznadziejna moneta według mnie wlasciciel juz na samym poczatku zjadł duzy kawałek tortu wysoka premina
120 milionów co rok ? ta moneta będzie nic nie warta przy takiej podaży nawet jeśli wejdzie na wymianę nie ma kompletnie zadnej mapy drogowej
słabo

High premine? Do you really think that 1.9% of a year emission is high? Well, I have news for you, many coins use premine.
And magnatum coin isn't just another altcoin. It has the unique feature which can help people to use crypto coins.
Besides, premine is needed for future development, to pay the coders, PR, bounties, and so on.
And could you please write in English.

UPD:
There is the road map. As you can see, the developer wrote his plans in the first message. Read carefully.
And there are lots of things ready - mining pool, wallet, website. It actually works already.
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Topic
Board Announcements (Altcoins)
Re: [ANN][SKUNKHASH] Magnatum - Signatum Fork - No Limit - Unique Feature
by
faustcollect
on 30/08/2017, 06:15:46 UTC
Website uses the same template than signatum lol
Looks like a fork from the ex "great community leader" team that was fired from signatum

Magnatum coin is completely independent of signatum.
It has its own unique feature, and a lot of work has been done to add it into source code and to get it to work correctly. If you are able to read the source code you easily can see it.
As the magnatum uses the Skunkhash Raptor algo it's obvious that the easiest way to gain it was to fork signatum and use its wallet sources. The same about the website template. But It's only the beginning of the work.
And as you can see the developers are from Russia (I'm not the one) so they cannot be that guy whom you're talking about.