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

[starmman]

Its always hard to say what the price will do.
Noticed that more currencies are recovering from past weekend. 

Most of my coins are still dropping - hopefully they will start the turnaround soon =D

[Mendeleev]

Hi Magicians!

I just grabbed myself a couple thousand of these to stake, and was wondering if I'm doing this right. I used the stake thresholds from the website, rather than what was in the default config file.

So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

[111magic]

Hi Magicians!

I just grabbed myself a couple thousand of these to stake, and was wondering if I'm doing this right. I used the stake thresholds from the website, rather than what was in the default config file.

So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

Hi Mendeleev, welcome in our friendly Magi community.
Think you are doing already very good.
Here is a link to more info about POS
http://www.m-core.org/PoW-II-v2/
Scroll litte bit down on the page and you will find more info.

[111magic]

Magi could use more buyorders on Bittrex.
Show the crypto world how strong our awesome Magi community is!💪

[joelao95]

... But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

...

For stake, there must be a whole blockchain locally which means running a full node like the wallet. There is option to use VPS to stake; hopefully others can recommend something else.

...
So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

Looks good to me, but I leave this to others who are staking often may have more effective suggestions.

[111magic]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

[starmman]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

[111magic]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

[starmman]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

Almost the only coin I have which isn't affected is LTC, everthing else has dropped by 20% or more

[abayan]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

Almost the only coin I have which isn't affected is LTC, everthing else has dropped by 20% or more

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.

[starmman]

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.

Yep, best thing to do is stick to your strategy (if you have one) and play the long game - I think today will be a great day - I like these drops almost as much as the pumps - although must admit that I wasn't 100% prepared for Magi to drop this far =)

[abayan]

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.

Yep, best thing to do is stick to your strategy (if you have one) and play the long game - I think today will be a great day - I like these drops almost as much as the pumps - although must admit that I wasn't 100% prepared for Magi to drop this far =)

Yeah, i have a stratedgy for both long and short term. This is absolutely a great day almost all wants to buy in cheap price. I think one person who can't control the market but it has a great impact that we have an active community. Even we aren't prepared for this in the future we can't stop the good market.

[starmman]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

[111magic]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

[The Frisian]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

All altcoins seem to wake up carefully again. It was nice to get some cheaper coins.

[starmman]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

All altcoins seem to wake up carefully again. It was nice to get some cheaper coins.

Well done - you just about hit the bottom price there, great luck or timing =)

[111magic]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

All altcoins seem to wake up carefully again. It was nice to get some cheaper coins.

You are lucky. Still wonder what happend with all alts?

[The Frisian]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

All altcoins seem to wake up carefully again. It was nice to get some cheaper coins.

You are lucky. Still wonder what happend with all alts?

Maybe take a look here: https://asktom.cf/index.php?topic=2012862.0;all
and this one : https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

[111magic]

Looks like the price is on the rise again - Could be we hit the bottom already (or a bull trap)

Right words Starmman & Abayan.
Looks like its more stable at this moment. Good option to purchase some cheap XMG before price will raise again.

All altcoins seem to wake up carefully again. It was nice to get some cheaper coins.

You are lucky. Still wonder what happend with all alts?

Maybe take a look here: https://asktom.cf/index.php?topic=2012862.0;all
and this one : https://bitcoinmagazine.com/articles/countdown-segwit-these-are-dates-keep-eye/

Thanks theFrisian i will read it!

[111magic]

Looking better than yesterday!
Nice to see the volume is higher than buyoffers in 24 hours.
Means the Magi community is very strong!
Keep up the good work all!