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

[111magic]

Will Magi drop back to 2000 Sat / 3000sat?
Would be nice for new people who like to purchase some more.

[starmman]

Will Magi drop back to 2000 Sat / 3000sat?
Would be nice for new people who like to purchase some more.

I'm wondering the same thing - looks like there is a slow consolidation in the price right now. Personally, I think it may drop another 500-600 over the next week before another push skywards, but that's pure speculation. It would be nice to see the price come down a little more as it lets more people into the game, but I know there are people holding out for a 3k price. Lets see what happens next =)

[go6ooo1212]

If it goes around 100-200 , I'll buy all of them...

[starmman]

If it goes around 100-200 , I'll buy all of them...

Just checked my history - The cheapest price I bought Magi for was 1000 sat which was on 18th June this year, was a little worried if it was a good idea at the time, as the price was dropping and there was some negativity around the coin at the time. I feel pretty happy about it now =)

[starmman]

Will Magi drop back to 2000 Sat / 3000sat?
Would be nice for new people who like to purchase some more.

I'm wondering the same thing - looks like there is a slow consolidation in the price right now. Personally, I think it may drop another 500-600 over the next week before another push skywards, but that's pure speculation. It would be nice to see the price come down a little more as it lets more people into the game, but I know there are people holding out for a 3k price. Lets see what happens next =)

Looks like there was a nice drop in the price overnight after a large sell - the price has recovered by now though (good sign of confidence in the coin), the trend is still downwards however.

[111magic]

Will Magi drop back to 2000 Sat / 3000sat?
Would be nice for new people who like to purchase some more.

I'm wondering the same thing - looks like there is a slow consolidation in the price right now. Personally, I think it may drop another 500-600 over the next week before another push skywards, but that's pure speculation. It would be nice to see the price come down a little more as it lets more people into the game, but I know there are people holding out for a 3k price. Lets see what happens next =)

Looks like there was a nice drop in the price overnight after a large sell - the price has recovered by now though (good sign of confidence in the coin), the trend is still downwards however.

We will see what will happen! :-)
Remember all: 1 week left for joining the awesome and unique Proof of Interest campaign IV! Register will close at 15 October 2016!

More info about the Magi Proof of Interest campaign IV here: https://asktom.cf/index.php?topic=735170.msg16399158#msg16399158

[goldlabel]

Remember all: 1 week left for joining the awesome and unique Proof of Interest campaign IV! Register will close at 15 October 2016!

More info about the Magi Proof of Interest campaign IV here: https://asktom.cf/index.php?topic=735170.msg16399158#msg16399158

[Coins-R-Us]

It would be nice to have a site to check our balance during the POI,
like the one we had before... and just to check and make sure we are
registered in the POI-IV also.  And maybe some stats on number of
people or number of coins in the campaign?

I was thinking that there are probably ways to cheat the POIs,
like every else, but hopefully you can catch some of cheaters.
I wonder how you can tell if an address is on an exchange, for
example (don't worry mine's not).  I'm just curious, I did not
think crypto-coins were that easy to track down, lol
To really prevent cheating you would have to require full proof
of identity, which neucoin actually asked me for OMG lol.

[111magic]

It would be nice to have a site to check our balance during the POI,
like the one we had before... and just to check and make sure we are
registered in the POI-IV also.  And maybe some stats on number of
people or number of coins in the campaign?

I was thinking that there are probably ways to cheat the POIs,
like every else, but hopefully you can catch some of cheaters.
I wonder how you can tell if an address is on an exchange, for
example (don't worry mine's not).  I'm just curious, I did not
think crypto-coins were that easy to track down, lol
To really prevent cheating you would have to require full proof
of identity, which neucoin actually asked me for OMG lol.

I will look into this. But if i remember correct the wallet-address shows no transactions. I just could see it in the blockchain websites.

[cryptonit]

I wonder how you can tell if an address is on an exchange, for
example (don't worry mine's not).  I'm just curious, I did not
think crypto-coins were that easy to track down, lol
To really prevent cheating you would have to require full proof
of identity, which neucoin actually asked me for OMG lol.

u dont need a proof of identity

u need a prove of controll of the private key of the address

such prove can be given by sign a message

the magi wallet have the sign and verify feature same as bitcoin
and this way u can prove address ownership

u wont be able do this with a exchange address (if u not the exchange operator himself)

and for sure u wont be able do this with a address u dont controll

https://support.cex.io/hc/en-us/articles/203087316--Guide-How-to-do-a-Bitcoin-signature-to-verify-address-ownership

[starmman]

I wonder how you can tell if an address is on an exchange, for
example (don't worry mine's not).  I'm just curious, I did not
think crypto-coins were that easy to track down, lol
To really prevent cheating you would have to require full proof
of identity, which neucoin actually asked me for OMG lol.

u dont need a proof of identity

u need a prove of controll of the private key of the address

such prove can be given by sign a message

the magi wallet have the sign and verify feature same as bitcoin
and this way u can prove address ownership

u wont be able do this with a exchange address (if u not the exchange operator himself)

and for sure u wont be able do this with a address u dont controll

https://support.cex.io/hc/en-us/articles/203087316--Guide-How-to-do-a-Bitcoin-signature-to-verify-address-ownership

Looks like a good way of proving who is who - guess its too late for the current POI campaign though, maybe something to consider for next time.

The markets have been a bit more turbulent today. I got a few trades in after a quiet few days.

[Abiky]

No problem with the Android miner that i can find.
I scanned with avg and malware bytes, no problems.
I think the Android store checks their stuff maybe.

I got an 8-core tablet, and don't have anything on it that
requires security, so i don't worry about it too much.
Mining Magi and staking at same time is fun for me.

I just keep it plugged in all the time, don't worry about
the electricity, and hope the battery does not explode. 
Also:  Mining on 4 threads out of 8, not trying to kill it.

Sounds exciting! Would you mind sharing with us how many XMG do you make using the Android miner? An eight core tablet will definitely give a lot of performance towards mining other coins, but in the case of Magi, the more hashrate you have the lower the reward. So, I'm always watching current XMG block reward in order to mine some XMG and benefit from this.

Still, it would be pretty cool to try this on any Android tablet or even smartphone. I will give this a shot and see how much I could earn with my Nvidia Shield tablet. 

[Coins-R-Us]

Thanks for the responses everyone.  I am probably only getting
1 or 2 coins a day with android, it is hard to estimate.  But I don't
really care, mining is way better than clicking at faucets all day.
My windows miner gets about 3 to 10 times the hashrate mining on
only 2 threads out of 8.  With so many variables, it's not worth calculating.
I could crank it up but i need the computer to do many other things.

The info from cryptonit was interesting, i did not realize how signing
a transaction works.  This could be useful in proving ownership of
an address.  But i like crypto-coins to be as anonymous as possible.

111magic, i think we can trust most people here to be honest.  But
there is nothing to prevent someone from having multiple accounts
on bitcointalk, is there?  Maybe you can check IP addresses, but
then it is possible to have more than one IP address, especially
if you have another computer at work.  If people are going to cheat,
I suppose they will find a way (sigh).

[Coins-R-Us]

Magi going up! 0.00004669 BTC (20.87%) 

So I am mining in total only about 4 or 5 magi/day,
but every little bit adds up.  Started collecting them
and buying some for long-term holding, i was thinking
years maybe, and collecting compound interest and
more coins along the way.  The POI's are awesome,
and so easy since i am holding anyways.  This coin is
just getting better and better, and mining is very easy,
maybe not profitable (yet), we must wait and see...

[Abiky]

Magi going up! 0.00004669 BTC (20.87%) 

So I am mining in total only about 4 or 5 magi/day,
but every little bit adds up.  Started collecting them
and buying some for long-term holding, i was thinking
years maybe, and collecting compound interest and
more coins along the way.  The POI's are awesome,
and so easy since i am holding anyways.  This coin is
just getting better and better, and mining is very easy,
maybe not profitable (yet), we must wait and see...

Great! Glad to see how many Magi you earn per day mining it. Even though it is a very little amount, still it is a great way to accumulate those coins and let the jar grow each day. I'm buying XMG by small amounts each day and saving them into a paper wallet for future usage. The best thing I like about Coin Magi is the mining algo which prevents mining centralization (the lower the network hashrate, the bigger the reward) Good luck with your journey, mate! 

[111magic]

Thanks guys. Nice words!
Cool you are using the Magi paperwallet!
 

[starmman]

Magi going up! 0.00004669 BTC (20.87%) 

So I am mining in total only about 4 or 5 magi/day,
but every little bit adds up.  Started collecting them
and buying some for long-term holding, i was thinking
years maybe, and collecting compound interest and
more coins along the way.  The POI's are awesome,
and so easy since i am holding anyways.  This coin is
just getting better and better, and mining is very easy,
maybe not profitable (yet), we must wait and see...

Great! Glad to see how many Magi you earn per day mining it. Even though it is a very little amount, still it is a great way to accumulate those coins and let the jar grow each day. I'm buying XMG by small amounts each day and saving them into a paper wallet for future usage. The best thing I like about Coin Magi is the mining algo which prevents mining centralization (the lower the network hashrate, the bigger the reward) Good luck with your journey, mate! 

Hey, I agree with the sentiment - I'm also earning about the same number of magi per day through mining - plus more through trading. I put 10% of my total mined magi on the market, plus added some fiat to the fond and it has now grown to over 50% of my magi store, thanks to some luck and fluctuations. Its great to see all the volatility on the Magi market - it really helps the investment increase.

[Coins-R-Us]

And Magi continues to go up!  0.00006003 BTC (31.66%)

[myriadforce]

Any reason to invest in this coin?

[111magic]

Any reason to invest in this coin?

Magi is a unique long-term currency with slow (sometimes fast) growth in value. Magi has an awesome & loyal community and awesome campaigns like the Proof of Interest campaign. Can not post the link now because i'am driving at the moment!
And many more reasons to join our awesome Magi community.