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

[The Frisian]

Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.

And you are Happy to support Dumping?

Wow...Thats not very Magi

I suppose that's called buy support, not dump support.
If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat.

[111magic]

Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.

And you are Happy to support Dumping?

Wow...Thats not very Magi

I suppose that's called buy support, not dump support.
If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat.

Its Magi! Guess I missed this chance to buy some XMG cheap!

[Spexx]

By absolute chance, I watched it happen. 20K XMG sold in a flash.

I only checked in to Bittrex briefly (I don't use it) and had just read the sell price and then looked at the buy price ... which dropped like a stone in a second. I had to rub my eyes and check the url and reload the page before I believed it.

There was a small sell panic on the other exchanges, which was mopped up easily.

[Spexx]

Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.

And you are Happy to support Dumping?

Wow...Thats not very Magi

I suppose that's called buy support, not dump support.
If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat.

Good solid buy support.

Heroic in fact. Very well done.

[The Frisian]

Its Magi! Guess I missed this chance to buy some XMG cheap!

Well, put a few btc around 6000 now.
Maybe there's still someone around who wants to dump.
Otherwise it will keep the price above 6000.
I'm out of btc for the moment. (or should sell my bag of NAVs)

Thanks Spexx.

[111magic]

Its Magi! Guess I missed this chance to buy some XMG cheap!

Well, put a few btc around 6000 now.
Maybe there's still someone around who wants to dump.
Otherwise it will keep the price above 6000.
I'm out of btc for the moment. (or should sell my bag of NAVs)

Thanks Spexx.

Nice The Frisian!
Magi is happy to have people like you in our community!
Sort of value-preserver !!
Thanks amigo.

[Masked_Immortal]

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

[111magic]

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Here are some links with information:
Maybe they are convenient for you.     
https://asktom.cf/index.php?topic=735170.msg9991269#msg9991269
https://asktom.cf/index.php?topic=735170.msg10025120#msg10025120
https://asktom.cf/index.php?topic=735170.msg10086494#msg10086494
https://asktom.cf/index.php?topic=735170.msg10182567#msg10182567

[Spexx]

today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...

Hi,

The proof-of-work mining is much more difficult than the proof-of-stake mining.

You need some good hashing power with the program minerd.exe to earn some XMG from proof-of-work mining.

The hashing power for proof-of-stake mining comes from the XMG wallet when opened for staking and does not need to do much work to mine a proof-of-stake block.

A proof-of-stake block is worth a lot less than a proof-of-work block.

There is symmetry for you

[111magic]

Info and rules for the awesome Proof of Interest II 2015 will be posted this weekend!

[Lightsplasher]

Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.

And you are Happy to support Dumping?

Wow...Thats not very Magi

I suppose that's called buy support, not dump support.
If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat.

Good solid buy support.

Heroic in fact. Very well done.

One of my dump, err buy support orders got filled too.  I've taken the goodness home and am staking interest in the wallet. 

[Spexx]

One of my dump, err buy support orders got filled too.  I've taken the goodness home and am staking interest in the wallet. 

Three cheers for that too!

I think there might be some more along soon. Dunno. There is a lot for sale right now.

[The Frisian]

One of my dump, err buy support orders got filled too.  I've taken the goodness home and am staking interest in the wallet. 

Staking is fun!

[Spexx]

Yes it is

[K1lo]

Yes it is

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

[111magic]

Yes it is

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Lol always nice to see a reader ( lurker) join our Magical Magi community!
Welcome k1lo!

[Spexx]

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance

[The Frisian]

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

[111magic]

Hey fellow Magi guys and gals. Long time lurker here - I've finally registered 

Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days 

Hi there and welcome to this Magical community.

That screenshot comes from https://chainz.cryptoid.info/xmg/#!extraction

A few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts.

You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance

I guess it's time for a POS campaign, magi111?
Does anyone knows what's the size of the pos block?
Does your cpu have any kind of influence on the pos block or the staking reward?
(looking at the figures it should not)
And spexx, why is your staking going extremely up and down?

Good idea the Frisian! I will take a look at some options for that! (PoS-II campaign)

[Spexx]

And spexx, why is your staking going extremely up and down?

My staking is relatively constant, but the rate at which I am mining POS blocks is variable, so the short-term stats go up and down in short periods of time. I might be lucky one hour, then not so lucky the next hour.