I felt confused when I tried to understand the question and answers at first. I spent some time reading and I would like to make a summary.
- The OP's example is a little bit misleading.
At first I didn't understand why the accepted answer is the accepted answer.. I thought that the OP's request could be simply fulfilled with
select m_id, v_id, max(timestamp) as max_time from table
group by m_id, v_id
order by max_time desc
Then I took a second look at the accepted answer. And I found that actually the OP wants to express that, for a sample table like:
m_id | v_id | timestamp
------------------------
6    |   1  | 11
34   |   2  | 12
34   |   3  | 13
6    |   4  | 14
6    |   5  | 15
he wants to select all columns based only on (group by)m_id and (order by)timestamp.
Then the above sql won't work. If you still don't get it, imagine you have more columns than  m_id | v_id | timestamp, e.g m_id | v_id | timestamp| columnA | columnB |column C| ....  With group by, you can only select those "group by" columns and aggreate functions in the result.
By far, you should have understood the accepted answer.
What's more, check row_number function introduced in MySQL 8.0:
https://www.mysqltutorial.org/mysql-window-functions/mysql-row_number-function/
- Finding top N rows of every group
It does the simlar thing as the accepted answer.
- Some answers are wrong. My MySQL gives me error.
select m_id,v_id,max(timestamp) from table group by m_id;
@abinash sahoo
SELECT m_id,v_id,MAX(TIMESTAMP) AS TIME
 FROM table_name 
 GROUP BY m_id
@Vikas Garhwal
Error message:
[42000][1055] Expression #2 of SELECT list is not in GROUP BY clause and contains nonaggregated column 'testdb.test_table.v_id' which is not functionally dependent on columns in GROUP BY clause; this is incompatible with sql_mode=only_full_group_by