[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]

[fragilefungi]

because the reward reduction happens to delayed people with access to botnets or GPU miners can ride the waves and
the goal of reward reduction turn 180° and work against the small miner and not for them

because the spike/wave style miner dont mine when rewards are low
and "everyday joe" who mine with a few CPU 24/7 mine even at low rewards keep network ruining

what we have now is we punish AFTER the "crime" happened and not the guy who did do the crime but everyone

we need a way that make spike mining unattractive

one would be just shift low of coin rollout to POS and keep POW "just" as added hybrid security
constant mininers should be earn most of their rewards by PoM campains and not froim the real blockreward

the basic POW blockreward should be so low that it attract no abuser

the PoM campains should be funded by fat staking for mining POS wallet


just my ideas how u could solve the problem

but i guess we are in the brainstorming phase so it fits to share my ideas now

I think your ideas are good.  Reducing the PoW spike mining cycle by lowering rewards or just flattening them out so they don't increase as quickly should prevent so much hashrate being used to mine and dump.  I also like the idea of shifting to a higher percentage of blocks being PoS, and the 24/7 minter should be rewarded more.  I think to accomplish this there has to be some increased incentive for smaller blocks, and 200 XMG might be a good size.  The reason this is needed is so that the 24/7 minter is constantly staking and searching for PoS blocks.  If the ideal block size for staking is too large, the 24/7 minter will not be staking while the coins in the large block mature for 120 confirmations.

[elpsycongro]

For our new members who would like to add our Magi sig here is the code:

Code:

[center][b][url=https://asktom.cf/index.php?topic=735170.0/][color=blue][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique block reward | Coin Source: Trust Verified [ ★ ★ ★ ★ ★ ★ ★ ][/color]
[color=orange]Proud to be a member of the[/color] [color=black]Coin of the Magi XMG[/color] [color=orange]community. Come and join us![/color][/url]
[color=black]XMG:  9SEG9SkPxG1nzaUa6NHFpSxpR4abMGM5zr [/color][/b][/center]

been wanting to have a sig better than just my addy , thanks for saving me time  

[111magic]

For our new members who would like to add our Magi sig here is the code:

Code:

[center][b][url=https://asktom.cf/index.php?topic=735170.0/][color=blue][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique block reward | Coin Source: Trust Verified [ ★ ★ ★ ★ ★ ★ ★ ][/color]
[color=orange]Proud to be a member of the[/color] [color=black]Coin of the Magi XMG[/color] [color=orange]community. Come and join us![/color][/url]
[color=black]XMG:  your own walletaddress [/color][/b][/center]

been wanting to have a sig better than just my addy , thanks for saving me time  

You are welcome!  


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Sweet Spot Magi Miner - Unleash the IDLE Power
http://xmg.makejar.com/

[Jerry S]

is this coin still good to mine with cpu?

[111magic]

is this coin still good to mine with cpu?

Yes it still is! Welcome in our Magical Magi thread.
Any questions just ask!

[111magic]

Awesome news: Magi app is in development.
Release October 2015!

[kondiomir]

Wonderful give us more info mate!

[okae]

Awesome news: Magi app is in development.
Release October 2015!

what the..!!!!!! man thats awesome news, i cant wait to see how it is!!

grgrgr now you made me fell impatient , thats the way guys!, you are doing a great job! i am reading lot of  good news from this thread in last days, i like it

[111magic]

Wonderful give us more info mate!

More info will follow! Thanks for the good work!
Awesome picture.

[elpsycongro]

magi app ? heck yeah 

[go6ooo1212]

Thanks for that info , Magic, We've been waiting it for long time 😊

[111magic]

Thanks for that info , Magic, We've been waiting it for long time 😊

Thanks. As you know Magi dev, team and community stays active. Some awesome developments will take more time. 
More developments are in progress.

[111magic]

Proof of Interest II

Info website in Beta.
http://magi.ddltv.info/beta/poiinfo.php
All other pages don't work yet
Test please!

[lordmick]

what's happen with the price?? why it going down like that??no more interrest?

[111magic]

what's happen with the price?? why it going down like that??no more interrest?

Different reasons. Our dev us working on improvements but I will take little time.
Bitcoin went down also and maybe some people like to sell their coins for fiat currency.
Community is still here and very active.
Last development news is really awesome.
Maybe this is just a good period to buy.

[quantumgravity]

Proof of Interest II

[img]http://thefruitsclan.nl/images/proof.png[img]

Info website in Beta.
http://magi.ddltv.info/beta/poiinfo.php
All other pages don't work yet
Test please!

Works great for me! I look forward to seeing the other pages on there. Nice job!

[feldenthorne]

Just mentioning again that I received someone's misdirected 500 XMG transfer - if you recently sent a transfer of this size, double check that your total wallet balance didn't actually decrease! Or check that the address you sent the funds to actually received them. Here's a link to the block where the transaction went through: https://chainz.cryptoid.info/xmg/block.dws?439164.htm.

If you are the person that mis-sent the coins, get in touch with me and I'll return them or send them off to wherever they were intended to go.

[K1lo]

Yikes the price has been tanking of late.. I can't understand why  

I've been buying crazy amounts in the 4xxx range but occasionally it slips even lower. That's half what it was a few weeks ago.

I'm hoping this is a continuation of the pattern of lowering price lowering price followed by a jump again back to 6, 7xxx as people realise the coin is dramatically undervalued. We have seen a few times in the last few months already.

I think the main thing holding back XMG is the inability to do anything useful with it apart from hoard. We can't spend it and the value fluctuates quite a bit.

[okae]

Proof of Interest II

Info website in Beta.
http://magi.ddltv.info/beta/poiinfo.php
All other pages don't work yet
Test please!

working fine for me, also this is a great tool, now everybody ( who is on the Proof of Interest II campaign ) can check  his address there, ty for it man! good job!

maybe this should be added to the OP post?

[jokowi]

why XMG price very low..??