Website
http://www.cryptomagic.com
Downloads
Windows
– 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 checkpoints
Zip file : http://www.cryptomagic.com/bin/1.0.1.2/Magicoin-v1.0.1.2.zip
Source code: https://github.com/magicoin/magicoin
Mac wallet and Linux wallet is available on the site now…
Configuration
(save into a file magicoin.conf; a copy comes with the wallet too):
Code:
listen=1
daemon=1
server=1
rpcuser=user
rpcpassword=password
rpcallowip=localhost
addnode=88.190.29.9:35883
addnode=192.241.188.47:54708
addnode=107.170.40.164:33813
addnode=54.204.36.33:47233
addnode=107.170.52.79:50242
addnode=66.85.150.119:44483
addnode=195.12.60.154:35883
addnode=195.12.60.154:39454
addnode=188.226.175.6:50258
addnode=76.97.225.20:49720
addnode=76.97.225.20:35033
addnode=76.97.225.20:53002
addnode=162.243.125.68:39309
addnode=76.97.225.20:59727
addnode=107.170.218.104:33456
addnode=87.98.190.199:13622
addnode=162.243.219.192:38688
addnode=54.186.68.143:56850
addnode=69.39.239.227:42004
addnode=121.215.16.132:35883
addnode=144.76.100.197:56075
addnode=76.97.225.20:43343
addnode=107.170.136.42:41707
addnode=78.137.29.61:61566
addnode=78.137.29.61:59275
addnode=76.97.225.20:52719
addnode=75.142.64.32:35883
addnode=109.227.72.2:63136
addnode=109.227.72.2:54419
addnode=86.57.195.197:33400
PORT
RPC port: 35882
P2P Port: 35883
Launch: Apr. 8, 2014 (launched)
Official Block Explorer:
Specifications
Algorithm: Scrypt
Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
2.5 minute block targets
Subsidy halves in 840k blocks (~4 years)
~84 million total coins
90% coins distributed “normally”, i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
In average, 50 coins per block
2016 blocks to retarget difficulty (use Kimoto Gravity Well – KGW algorithm)
Pools
http://mgc.charityminingpools.com/
https://www.cryptopoolmining.com/mgc/
http://pool.webcoin.us/magic
http://magic.nitro-pool.com
http://magic.24hash.com
http://mgc.dgbpool.com/
http://mgc.okaypool.com/
(Having issue with rewards, working with the DEV)
(we need more mining pools)
Exchanges
Faucet
http://faucet.cryptomagic.com/
Forum: Cryptocointalk
News & updates
05/01/2014 – NEW exchange: SwissCex.
04/27/2014 – http://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/magic
http://magic.nitro-pool.com
http://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?
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.
Bounties
Pools
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)
News
20,000 MGC – 1st published article
up to 50,000 MGC – article at CoinDesk, Bitcoin Magazine, Forbes, Money Week etc
Video: 20,000 MGC – professional grade promotional video
Forum: 15,000 MGC – Professional forum setup and maintenance
Wallets
5,000 MGC – Linux (claimed)
5,000 MGC – Mac (claimed)
ANN translations
1,000 MGC each
Chinese ANN translation – 1,000 MGC (awarded to PuYang)
Will give out more bounties.
For further details visit the website and the forum page.
Pressed it!
East Wind Protocol 