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

[xms]

That's the issue. The issue is the damage suffered by Poloniex's customers. Their customers' best interests were not protected, rather it looks more like they were raped by the exchange itself.

All this looks indeed like something premeditated. Since the release of the new wallet the price was growing steadily and suddenly *boom*: the announcement it's going to be delisted and (I don't want to debate it was before the announcement or after) the huge dump.
What I want to say is that not only Poloniex customers were affected. The shock wave have hit all the exchanges (and I guess that the quicker ones made some easy money buying @ Polo and selling on all the other exchanges).


The coin is good, there's active development on it, so with or without Poloniex the coin has still a great potential.
But also I think that instead of searching who's guilty for what we should indeed act and try to keep the coin at Poloniex, since this gives people more trust in the coin.

Yeah, I know what you mean, but then they go and say you're right and re-list and the price goes back up to where it was and panic sellers from before now ask themselves who made all the money on the recovery rally.

 - suddenly *boom*: the announcement it's going to be delisted : the huge dump : re-list : huge rally

Customers get f_€ked at every turn.

And now they've painted you into a damned if you do and damned if you don't corner.

This shit can't go unchecked!

Don't think its a very professional way for an exchange to act - cex.io did the same and ended up in a pretty big mess and lost a lot of their reputation. Bittrex at least issue a warning if the volume drops too low.

hey,

I believe with this act they sabotage our coin xmg (magicoin) the honest crypto for the people.

[McCoyn]

At this moment, it looks like there is no place for a coin with social ideology (honesty)  it is more like a rat race, but i can wait.

[ex33s]

Just read this, sad story.

https://coinidol.com/suspicion-of-insider-trading-at-poloniex/

[111magic]

Just read this, sad story.

https://coinidol.com/suspicion-of-insider-trading-at-poloniex/

Hmm ok thanks ex33s for sharing this. In the mean time i would like to receive some feedback about new fair exchanges. I'am happy Magi has still 3 exchanges Bittrex, Cryptopia & Nova exchange) but i would like to have a little more.
Every idea or action on this is very welcome.

[sayyedraza]

Hello Dev,
if i mine with i7 with 8 thread how many XMG i can mine ?
What is difficulties is now with XMG ?

Thanks
Regards
#minexcoin.com

[111magic]

Hello Dev,
if i mine with i7 with 8 thread how many XMG i can mine ?
What is difficulties is now with XMG ?

Thanks
Regards

Depends on total network hashrate and if you are mining solo or in a pool.

but in general, you can se an i7 (depending on which gen of i7) will give you about 30-35 kh/s over all 8 threads

Welcome in our awesome Magi community.

[xms]

Just read this, sad story.

https://coinidol.com/suspicion-of-insider-trading-at-poloniex/

so it is sabotage!

[2970566]

I sent a ticket to Polo

"Magi coin has an active development team and community of users. It also has an unique algorithm thats resistant to large mining whales. If pascalcoin can be listed, I believe Magi Coin deserves a spot. Please reconsider!"

I will be looking to re-buy after this dust settles, because tbh delisting seems like a death notice atleast for the short-term.

Awesome alank89! Thats very good. I must say that i'am really happy with the reactions about the Polo issue from our Magi community. Keep up the good work all.

EDIT:

Support ticket sent.

Good to see you are working on that ,hope Polo can change their mind!

[ex33s]

Just read this, sad story.

https://coinidol.com/suspicion-of-insider-trading-at-poloniex/

Hmm ok thanks ex33s for sharing this. In the mean time i would like to receive some feedback about new fair exchanges. I'am happy Magi has still 3 exchanges Bittrex, Cryptopia & Nova exchange) but i would like to have a little more.
Every idea or action on this is very welcome.

In my opinion it's best to concentrate on those tree exchange and spread volume over those tree. Imho - I'm done with poloniex, I can't see a future even if this accusation is false. The fact that they still haven't responded to me and I've even updated my ticket asking for a reply.
I've moved all from poloniex to bittrex and will continue to use bittrex.

So to sum this small text up a bit - Spread the volume over the exchanges magi is on and continue to be an awesome open community, spread the word of magi and the exchanges we are on.

Just read this, sad story.
https://coinidol.com/suspicion-of-insider-trading-at-poloniex/

so it is sabotage!

Don't know, can be false accusations too (I'm gonna take this as rumors until more evidence of foul play is presented). But without a proper reson and response from poloniex regarding this is strange and not in their favor.

[kenesu]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

[ex33s]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

[kenesu]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

[ex33s]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

It was a long time ago i mined myself but it all depends on if you are going to solo-mine or using a pool. For new people, i recommend using one of the pools listed on https://poolinfo.systms.org

[111magic]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

It was a long time ago i mined myself but it all depends on if you are going to solo-mine or using a pool. For new people, i recommend using one of the pools listed on https://poolinfo.systms.org

Never hesitate to ask questions here! Magi community was voted for most friendly community in 2016 so its never a problem to ask questions.

[starmman]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

Welcome to the magi community. Be aware that Magi mining gives different rewards based on the total people (combined hash rate) mining to deter big players from coming in and taking all the coins. This may make the payout frequencies look a bit random at first - but all has logic, best thing to have with Magi is patience.

[111magic]

Received a reply from Poloniex.
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Unfortunately from time to time however, we must make a call whether to keep a market or to remove it. I am afraid that there is not a single metric that we use but rather several factors that weigh in to this final decision. As much as we would like to keep the markets that we chose to list, it is inevitable that some will have to be removed at some point. I am afraid MAGI is one of these on this occasion.
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[sigma2543]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

It was a long time ago i mined myself but it all depends on if you are going to solo-mine or using a pool. For new people, i recommend using one of the pools listed on https://poolinfo.systms.org

How much coin can you actually get of this caliber on a cpu miner?  Just curious.  I've only ever mined with a gridseed

TY

[111magic]

sorry for the noob question here. Do I need any additional hardware to mine this?
thanks for helping me out

Welcome! If you have a computer that is able to run the miner - you can mine. As this is a cpu-only coin, a standard cpu will be enough.

thank you so much after I install the miner app. Do i need to change some setup files? Sorry for the questions, just getting started to know more other than faucets

It was a long time ago i mined myself but it all depends on if you are going to solo-mine or using a pool. For new people, i recommend using one of the pools listed on https://poolinfo.systms.org

How much coin can you actually get of this caliber on a cpu miner?  Just curious.  I've only ever mined with a gridseed

TY

Depends on the total network hashrate. What kind of cpu miner do you mean?

[xms]

Received a reply from Poloniex.
--------------------------------------------------------------------------------------------
Unfortunately from time to time however, we must make a call whether to keep a market or to remove it. I am afraid that there is not a single metric that we use but rather several factors that weigh in to this final decision. As much as we would like to keep the markets that we chose to list, it is inevitable that some will have to be removed at some point. I am afraid MAGI is one of these on this occasion.
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hey magic,

the replay does not make sense, why would you delist a coin thats worth almost 10000 sat ?? at that time??
the truth will come out, always

[111magic]

Received a reply from Poloniex.
--------------------------------------------------------------------------------------------
Unfortunately from time to time however, we must make a call whether to keep a market or to remove it. I am afraid that there is not a single metric that we use but rather several factors that weigh in to this final decision. As much as we would like to keep the markets that we chose to list, it is inevitable that some will have to be removed at some point. I am afraid MAGI is one of these on this occasion.
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hey magic,

the replay does not make sense, why would you delist a coin thats worth almost 10000 sat ?? at that time??
the truth will come out, always

I don't know amigo. I sent another message and we will see.