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

[joelao95]

What is the feasibility of mining MAGI on CPU? Is it profitable? What are the default settings? Or is it more interesting to buy at exchanges? This project is old, the community is very active! Is there a way to download wallet faster? Bootstrap?

Blockchain can be downloaded during installation for windows by using the installer:

http://coinmagi.org/bin/m-wallet-1.3.1/m-wallet-1.3.1-win-setup.exe

Or direct download blockchain from here: http://coinmagi.org/bin/block-chain/

[starmman]

Yes somebody knows a multipool who can or will add XMG? Or Joe can you do something with it?

Whats a multipool? Is it something similar to merged mining?

Price has been all over the place on Yobit today - high of 19000 and low of 4600

Yes indeed.
Looks like they are trying to get XMG value lower with small sells on Bittrex. Hmmm ...

That's fine with me - I'm happy which ever Magi goes - if it drops then its a great opportunity to buy more =D

[111magic]

Yes somebody knows a multipool who can or will add XMG? Or Joe can you do something with it?

Whats a multipool? Is it something similar to merged mining?

Price has been all over the place on Yobit today - high of 19000 and low of 4600

Yes indeed.
Looks like they are trying to get XMG value lower with small sells on Bittrex. Hmmm ...

That's fine with me - I'm happy which ever Magi goes - if it drops then its a great opportunity to buy more =D

Thats right. More people feel the same.
Btw all if you are using Twitter check:
@coin_magi_xmg or @coinmagi on Twitter

[akuci]

Uhm guys... I got a problem. My share count are just too low. It's okay when I start the miner, then just drop after hour. I run with 3 CPUs now, 1 G3450T and 2 G3930, and I got more earnings with just a single G3450T when I started mining.

[joelao95]

Here is a new site that might have better organization of docs. For anyone who wants to contribute improvements, https://github.com/m-coin/m-core.org

http://www.m-core.org

[abdulaziz07]

 I am having 450kh/s... how much XMG can i expect per hour?

[hefty]

I am having 450kh/s... how much XMG can i expect per hour?

depends on net hash

https://poolinfo.systms.org/

right now around 0.8 but that could change in a meter of minutes

[hefty]

Here is a new site that might have better organization of docs. For anyone who wants to contribute improvements, https://github.com/m-coin/m-core.org

http://www.m-core.org

i like the new site its very responsive and have nice layout, new site have great potential    great work Joe

i tried to contact historical few weeks ago about multipool but no response i don't think he is active on bct anymore.

Can i ask you a question what do you think about masternodes would they be beneficial for magi in future or some sort of anon payment and could that be implemented in magi coding or you don't want to go that road ? Tnx

[joelao95]

I am having 450kh/s... how much XMG can i expect per hour?

Code:

getminingbykhps 450



Code:

{
"hashrate (kh/s)" : 450.00000000,
"difficulty" : 2.36706981,
"difficulty(aver)" : 3.74858850,
"blockvalue" : 2.35424415,
"mining (XMG)" : {
"1 hour" : 0.23688572,
"1 day" : 5.68525733,
"1 week" : 39.79680133
}
}

It might be noted blockvalue is varying from time to time.

[joelao95]

Here is a new site that might have better organization of docs. For anyone who wants to contribute improvements, https://github.com/m-coin/m-core.org

http://www.m-core.org

i like the new site its very responsive and have nice layout, new site have great potential    great work Joe

i tried to contact historical few weeks ago about multipool but no response i don't think he is active on bct anymore.

Can i ask you a question what do you think about masternodes would they be beneficial for magi in future or some sort of anon payment and could that be implemented in magi coding or you don't want to go that road ? Tnx

I had a contact with Historical some time ago about the hash.com pool and was able to get response from him. I'll see if I can reach him again.

Yes, I think anonymity is the option we should go which is on the roadmap now. Masternodes are not fully anonymous solutions, and I don't like the fact that a non-trivial amount of coins are required for being a node. There are some features of Masternodes which seems actually better than the anonymity itself, but I guess this won't be our direction anyways. I vote for something better, and any future implementations won't require hard rules that prevent general users from participation.

[joelao95]

Uhm guys... I got a problem. My share count are just too low. It's okay when I start the miner, then just drop after hour. I run with 3 CPUs now, 1 G3450T and 2 G3930, and I got more earnings with just a single G3450T when I started mining.

That might be explained by the varying blockrewards, and I hope docs on the new site can make it clearer.

http://www.m-core.org/PoW-II-v2/

[111magic]

Here is a new site that might have better organization of docs. For anyone who wants to contribute improvements, https://github.com/m-coin/m-core.org

http://www.m-core.org

i like the new site its very responsive and have nice layout, new site have great potential    great work Joe

i tried to contact historical few weeks ago about multipool but no response i don't think he is active on bct anymore.

Can i ask you a question what do you think about masternodes would they be beneficial for magi in future or some sort of anon payment and could that be implemented in magi coding or you don't want to go that road ? Tnx

I had a contact with Historical some time ago about the hash.com pool and was able to get response from him. I'll see if I can reach him again.

Yes, I think anonymity is the option we should go which is on the roadmap now. Masternodes are not fully anonymous solutions, and I don't like the fact that a non-trivial amount of coins are required for being a node. There are some features of Masternodes which seems actually better than the anonymity itself, but I guess this won't be our direction anyways. I vote for something better, and any future implementations won't require hard rules that prevent general users from participation.

Magi team congrats with the new website!
Well done.

[dante85]

Hi, I was wondering if there is a way to mine XMG on a mobile device. Like when charging overnight for example.

Also I have mined some coins and bought some via Bittrex. When I open the wallet app it states that I'm 'staking' and a reward is expected within 2 days or something like that. But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

Thanks in advance!

[111magic]

Hi, I was wondering if there is a way to mine XMG on a mobile device. Like when charging overnight for example.

Also I have mined some coins and bought some via Bittrex. When I open the wallet app it states that I'm 'staking' and a reward is expected within 2 days or something like that. But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

Thanks in advance!

Yes one sec i will post the link to the mining app

Here it is:
https://t.co/HM6ZSgfvAR

[111magic]

New week for Magi! 😃
Started with good volume on Bittrex.
Magi is heading towards 3th birthday!
(15 september)

[starmman]

New week for Magi! 😃
Started with good volume on Bittrex.
Magi is heading towards 3th birthday!
(15 september)

Lets see where the week takes us - hopefully we can get back to that sell wall again

[edward0181]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

[starmman]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

[starmman]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

update: looking at the dynamics today I think there is a possibility that the price may drop a little further - but not guaranteed by any means. if you want to be speculative put in a lower buy - but don't expect it to be filled. A good approach may be to buy 50% at current price and 50% at a lower price, that way you wont miss out on the current price but still stand to gain if the price drops further...

[111magic]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

update: looking at the dynamics today I think there is a possibility that the price may drop a little further - but not guaranteed by any means. if you want to be speculative put in a lower buy - but don't expect it to be filled. A good approach may be to buy 50% at current price and 50% at a lower price, that way you wont miss out on the current price but still stand to gain if the price drops further...

Its always hard to say what the price will do.
Noticed that more currencies are recovering from past weekend.