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

[joelao95]

the more coins you stake the bigger the rewards, sure if by default u can only stake 10k at a time in a wallet , who wants to run 30 wallets. People dont want to have to optimize and change paramaters manually. i should be able to download the wallet and stake my stash and reap rewards. the staking is more centralized here by the few who have messed with paramaters or devs that can optimize their rewards. good luck to this coin but this is not a long term for me

I can't argue more, bud. There are info around one can easily pick up. If you don't think this PoS meant something, we're fine too. There are really things you misunderstood; 10k at a time staking in a wallet is a very wrong understanding. I believe a more general staking will serve your purpose which can be found from a coin list. Good luck!

[BitcoinNational]

@Crazy

https://asktom.cf/index.php?topic=1718048.0
there's a list of POS coins

[111magic]

im fully aware of how pos works and the coins, this coin staking system is just not very good in my eyes thats all i am saying. good luck tho guys was friendly place atleast

Thanks Crazy. We always stay friendly. Good luck.

[joelao95]

This is only part of the things we're doing I'd say, and I know where we're heading. All were being designed according to what's supposed to be -- a purpose, and the things hence worked out as such. Of course, we shouldn't talk merely all just the basic coin things, instead we're keen to some more horizons I'd like to be going. Stay tuned..

[starmman]

im fully aware of how pos works and the coins, this coin staking system is just not very good in my eyes thats all i am saying. good luck tho guys was friendly place atleast

Sorry to hear that Magi didn't work out for you - I think one of the unique characteristics about magi is that they are pretty difficult to acquire in a large quantity, I think that's one of the reasons behind the slow and steady growth. It's not being pumped so often as its pretty difficult to generate many coins quickly (this also stops the coin from being inflationary) - but its growing due to the USP's, I'm much happier with slow and steady.

Maybe some of the changes that Joe is planning to add to the wallet will make staking easier in the future. I hope we see you back here again one day

Cheers

[starmman]

There has been some good movement in the Magi price this afternoon - market cap (averaged over a few hours) is approaching its ATH, value is currently $250k, another good (and promising) milestone if it stays there for a while. There is a lot of wild fluctuation on the alt coin markets this week so I'm not getting too excited yet.

[111magic]

There has been some good movement in the Magi price this afternoon - market cap (averaged over a few hours) is approaching its ATH, value is currently $250k, another good (and promising) milestone if it stays there for a while. There is a lot of wild fluctuation on the alt coin markets this week so I'm not getting too excited yet.

Yes indeed its very nice to see. Hope it will be an upward trend!

[TheOATeam]

Some whale came into Poloniex and posted a 28 BTC buy wall this afternoon. I think this is what finally pushed the price up. Time will tell if this is a legitimate buy wall or not..
If he/she withdraws that wall, get ready for a roller coaster ride lol

[The Frisian]

Some whale came into Poloniex and posted a 28 BTC buy wall this afternoon. I think this is what finally pushed the price up. Time will tell if this is a legitimate buy wall or not..
If he/she withdraws that wall, get ready for a roller coaster ride lol

28 BTC? Where?
Or is this wall gone already?

[starmman]

Some whale came into Poloniex and posted a 28 BTC buy wall this afternoon. I think this is what finally pushed the price up. Time will tell if this is a legitimate buy wall or not..
If he/she withdraws that wall, get ready for a roller coaster ride lol

28 BTC? Where?
Or is this wall gone already?

It's probably a day trader - they usually take their wall away (and close their orders) at the end of the day, could be back again today if they are starting a Magi campaign.

[111magic]

Some whale came into Poloniex and posted a 28 BTC buy wall this afternoon. I think this is what finally pushed the price up. Time will tell if this is a legitimate buy wall or not..
If he/she withdraws that wall, get ready for a roller coaster ride lol

28 BTC? Where?
Or is this wall gone already?

It's probably a day trader - they usually take their wall away (and close their orders) at the end of the day, could be back again today if they are starting a Magi campaign.

Let's hope they do that. Value looks stable

[marvynmesquita]

Hello everyone!!!
I love magi and it's my favorite crypto.
But i don't have a good cpu for mine it.
Actually i'm mining on codenvy, but it's only keep alive for 10min.
Anyone knows another good free vps(or ide)?

[starmman]

Hello everyone!!!
I love magi and it's my favorite crypto.
But i don't have a good cpu for mine it.
Actually i'm mining on codenvy, but it's only keep alive for 10min.
Anyone knows another good free vps(or ide)?

Hi,

Welcome to the community marvynmesquita - you don't need a fantastic CPU for magi, if you keep mining with a small CPU for a long time you'll gain some magi periodically when the block size increases.

Unfortunately, I didn't see any free CPU power for quite a long time due to the very reason of people using it to mine.

[starmman]

Price is looking pretty stable today and market cap has >$200k for about 3 days now - despite the downturn in the BTC price - previously during a couple of pumps we only manage to keep the level over $200k for about a day or so. Magi is doing pretty nicely comparatively to its past.

[dqy007]

I have two 50K cpu, can solo?

[joelao95]

Price is looking pretty stable today and market cap has >$200k for about 3 days now - despite the downturn in the BTC price - previously during a couple of pumps we only manage to keep the level over $200k for about a day or so. Magi is doing pretty nicely comparatively to its past.

It's been a nice move.

[joelao95]

I have two 50K cpu, can solo?

I'd say try and see. 

[dqy007]

I have two 50K cpu, can solo?

I'd say try and see. 

Will not mine too slow, was robbed by others?

[starmman]

I have two 50K cpu, can solo?

I'd say try and see.  

Will not mine too slow, was robbed by others?

I'm not familiar with your processor - however, somebody tried some solo mining recently and posted their results a few pages back - if I remember correctly, they were getting about 5XMG per day on average (with an i5) - but sometimes it would take much longer for a block to be found - if you are okay with getting no rewards for a while and the potential of some bigger rewards (and an element of luck) - then give it ago, if you would prefer a stable income then go for the pool.

[111magic]

BTC dropped under the $1000,- last night.
Now up again. Magi stays nice and stable.