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

[The Frisian]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

[Erkallys]

"The application has the Runtime to terminate it in an unusual way.
Please contact the applicaion's support team for more information."

I have had this a several times now with the new wallet software.
My wallet became corrupt after a windows hard reset.

I solved it this way:
Save your wallet from the appdata\roaming map en delete this wallet.
Restart the XMG wallet software, if no problem it was your wallet.
Then try to find an older version your wallet and use this one.
The wallet will be updated correctly.

ALWAYS SAVE YOUR WALLET BEFORE DOING ANYTHING, PLEASE!

Problem is that I'm no more using the new wallet, but the latest stable one, 1.2. I'll try to download everything again, since I'm no more in a urge due to that very low price.

[111magic]

Erkallys try to use the latest wallet version.

[Erkallys]

Erkallys try to use the latest wallet version.

That's what I'm doing amigo. I'm actually in synchronisation. Is it me or is it faster using the new wallet ?

[111magic]

Erkallys try to use the latest wallet version.

That's what I'm doing amigo. I'm actually in synchronisation. Is it me or is it faster using the new wallet ?

Its faster!!! Well done amigo!

[Abiky]

Hi all, im new with Magi and just bought some, anybody have kept the coin and mining in POSwallet?

Welcome to Coin Magi, mate! This is by far one of the best cryptocurrencies in the alt coin world. It has nice development, and most of all a solid community making it stand for long term. I've not tried POSWallet yet, but I'm sure that as soon as I put some XMG into it I will share my experiences with you.

The best thing about Coin Magi is that it aims for mining decentralization (unlike Bitcoin) whereas the bigger the network hashrate, the lower the reward thus making it a great way for any average Joe to get into the mining game. Also, you can choose to stake your coin balance if you prefer (sort of like a savings account in a bank where you earn interest) for even bigger earnings. The POI or Proof of Interest campaign is also a great way to earn interest from your XMG holdings and it is just days away from becoming a reality. 

[cryptonit]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

[xms]

Erkallys try to use the latest wallet version.

That's what I'm doing amigo. I'm actually in synchronisation. Is it me or is it faster using the new wallet ?

Its faster!!! Well done amigo!

.

hey magic,

long time no see, how is it?

but im using the test xmg wallet and i have no problem what so ever

nice to hear of the new poi thats comming.

gr xms

[pwpwpw]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

[Erkallys]

I'm losing patience. I've resynchronised for the third time now with the new wallet, and I always get that Runtine error that end my wallet.

[batesresearch]

Thanks batesresearch for the info & thanks for the discount period for XMG. Hope you will  inform the community when a new discount period starts!

We will do! Thanks for all your support.

[111magic]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

Welcome to our awesome Magi community.
Check this for more info https://asktom.cf/index.php?topic=735170.msg9991269#msg9991269

[starmman]

Looks like the price is getting down towards normal levels again now (for me, that's my previous trading range) - its been a bit of a whirlwind over the last few days. Its great that lots more people are aware of the coin

[Golftech]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

Welcome to our awesome Magi community.
Check this for more info https://asktom.cf/index.php?topic=735170.msg9991269#msg9991269

thanks for bringing this out might need to read more about this project as i seen more and more people are also getting interested to this project
i don't want to missed my sit. good luck

[starmman]

thanks for bringing this out might need to read more about this project as i seen more and more people are also getting interested to this project
i don't want to missed my sit. good luck

Good decision, its always good to do your research before jumping into a coin. I got involved just over a year ago. There is a great community here - and the coin had been relatively stable in the range of $0.008 to $0.012 until more recently as its has caught a lot of attention. Market cap has been rising steadily but slowly as more people have been getting involved.

[z0n0]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

[starmman]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

I'm running i7-3770 and getting 40kh/s per core running 4 threads per system. I'm also dual-mining XMR at 140H/s on the same CPU taking advantage of the HT technology - I can't dual mine on my i5 system without a drop in peformance.

EDIT: Correction, I'm getting 40kh/s across 4 threads - not per thread =)

[starmman]

Remember the old times when we shared info about our hash speed - just built new system with i5-6500 and getting 78kh/s with all 4 cores.

cheers

What software are you guys using for mining these days? I'm still using sweet-spot but its not working as well as it used to as it can no longer get the global hash rate from whatever service it was using.

[evok3d]

Hi mates!! Good to see things are going well

I wanted to join the Proof of Interest campaign IV!

[cryptonit]

Can someone give me an example of PoS rewards ? Say you buy 5k or 10k coins and stake it, what is your monthly reward aprox ?

If you use coin control, around 1 XMG every 10K coins a day.

theoretic its like 5%
but realistic its like 3% a year

because only below 50% of total coins compete for POS

the POS side of this coin is ultralow inflation of like 1.5% a year
the very high inflation is coming from the POW side and its exploitable mining rewards system

the only way to keep POW rewards low and stop inflation until joe fix it
would be place high POW mininghashrate in so rewards stay constant low

as long as people mine in waves the POW inflation is very high

How exactly is pow exploited ? I'm new to this coin.

XMG POW is unique in the idea that high network hashrate generate less POW blockreward

the origin of that idea was to remove a arms race in mining gear and allow each normal dude with a single CPU in his PC take part in mining

but clever people found out that there is a timewindow in the diff ajusting mining reward adjusting waves
where diff is high and rewards are high too

thats because the adjusting algorhytm of mining rewards reduction have a delay

so what happens is big miners with botnets or access to company unused CPU capacity or even private GPU miners
mine fast a few blocks with high rewards until rewards adjusting kicks in start to decrease the rewards
then stop mining and the normal 24/7 miners have to mine the high diff low reward blocks

this leads to a big share of POW coin rollout goes into hands of few who mine in waves
and the many 24/7 miners have to mine the low reward high diff blocks alone

i trust in joes abilities to fix POW and come closer to the original vision