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

[Stratobitz]

I'd also add that the recent drop from the day's high coincided identically with the overall Bittrex Altcoin pullback.

Either a single trader holding a large chunk of all altcoins sold all their positions; or Bittrex did a system wide sell of their altcoin holdings (which they accumulate in various ways; one of which is fees on trades).

The entire Bittrex Market dropped roughly 17%.

Literally the entire Altcoin market just dropped like a rock.

So buy opportunities are certainly out there; and XMG as I had indicated in a previous analysis post; is high on my short list of strong buys.

TOP TEN 24 HOUR % GAINS ON BITTREX MARKETS

PAIR          MARKET                             VOLUME      GAIN         LAST          HIGH         LOW                  DATE ADDED

BTC-CPC   CapriCoin                         160.461   41.1%   0.00006810   0.00007501   0.00004750   0.0%   07/25/2015
BTC-XZC   ZCoin                                 2080.499   23.6%   0.00759945   0.01159999   0.00610000   0.0%   10/20/2016
BTC-SPR   SpreadCoin                         203.387   18.3%   0.00005052   0.00007700   0.00003808   0.4%   12/18/2014
BTC-INFX   InfluxCoin                          77.819   10.5%   0.00009662   0.00014500   0.00008064   0.4%   10/03/2015
BTC-XWC   WhiteCoin                          27.894   9.9%           0.00001726   0.00001950   0.00001588   0.2%   04/13/2014
BTC-RISE   Rise                                  4113.241   9.0%           0.00006265   0.00009989   0.00005600   1.0%   06/24/2016
BTC-NEOS   NeosCoin                         146.381   8.9%           0.00053037   0.00077118   0.00046443   1.8%   08/19/2014
BTC-XMG   Magi                                    66.038   8.5%           0.00004530   0.00006000   0.00004119   1.2%   11/10/2014
BTC-REP   Augur                                  792.510   8.0%           0.00527998   0.00631238   0.00485000   0.5%   10/04/2016
BTC-CRW   Crown                           38.550   7.4%           0.00021476   0.00023900   0.00019813   0.6%   03/06/2017

The above 10 had a spread from 72% to 29% just 1 hour ago.  Nice to see XMG is still on the top 10 gainers!

Cheers!

Strato

[svedex]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

[111magic]

Info from team Magi will follow today!😃

[AngryWhiteWolf]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

[svedex]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

[111magic]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

http://cpucoinlist.com
Its not up to date. But it might help you a little

[svedex]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

http://cpucoinlist.com
Its not up to date. But it might help you a little

thanks for the info, already checked those but it's not that good. nothing like xmg so far. I had my 38 pc's plus 2 servers doing some 4.5mhs on xmg and it was really good

[Stratobitz]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

Nothing that's low difficulty. The last low difficulty coin that I mined that I thought had potential (still do); was AEON; but the difficulty is now quite high so unless you have a large amount of idle CPU power idle and available to mine you wont see much in terms of rewards.

Saw 111magic's post regarding news on the upcoming hardfork and POW/POS-II moving forward. Looking forward on what you've you'll be rolling out.

XMG is a unique one and I think provided the hardfork gains traction theres no reason XMG can't be trading well into the mid 5 figure satoshi price range in the months ahead.

Coins on exchanges with less than 100 pages of posts on their ANN thread trade at 2-10 times XMG's current strike price. The fact that the coin has held a loyal following for over 3 years; a time which so many coins were launched, listed, and failed / delisted... speaks volumes for it's potential moving forward.

Cheers!

Strato

[sedatnet]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

Monero can be an alternative. It is not only mined by cpu but also gpu but you can make a porfit even.

[svedex]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

Monero can be an alternative. It is not only mined by cpu but also gpu but you can make a porfit even.

yeah i know monero alright...mined it when the net hashrate was 65mhs...good old times...was a fool for not letting it in the wallet. i'm currently mining it as the alternatives are no match to it

[111magic]

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

As far as I know Magi is the only coin using m7m algo.

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

Nothing that's low difficulty. The last low difficulty coin that I mined that I thought had potential (still do); was AEON; but the difficulty is now quite high so unless you have a large amount of idle CPU power idle and available to mine you wont see much in terms of rewards.

Saw 111magic's post regarding news on the upcoming hardfork and POW/POS-II moving forward. Looking forward on what you've you'll be rolling out.

XMG is a unique one and I think provided the hardfork gains traction theres no reason XMG can't be trading well into the mid 5 figure satoshi price range in the months ahead.

Coins on exchanges with less than 100 pages of posts on their ANN thread trade at 2-10 times XMG's current strike price. The fact that the coin has held a loyal following for over 3 years; a time which so many coins were launched, listed, and failed / delisted... speaks volumes for it's potential moving forward.

Cheers!

Strato

Thanks (again) Strato.
You find the right words again.

[marilouadrie]

Would it be profitable to purchase high-end CPUs for mining?

[starmman]

Would it be profitable to purchase high-end CPUs for mining?

Probably not - I certainly haven't gone out of the way to do it, Magi is an eco coin and designed to run on your idle power - spending the money and buying when the price is low and holding/staking/trading will likely get you better returns. I'm getting over 50x more magi from trading than mining and USD holding ROI over the last two years have been over 76x for me (is that 7600%?, wow).

EDIT: (<$0.01 to $0.76)

[s0litaire]

Would it be profitable to purchase high-end CPUs for mining?

Probably not.
At current rates will probably take 12-18 months ( at $0.75 USD/XMG) to brake even for something as cheap as a Rpi3 including running costs.
A desktop CPU would easily take 10 times as long to brake even.

I bought 50 XMG 2 months ago for £15 in total (including conversion fees) and with an extra 15 made (in the same time) from mining its now worth £36 ($49) so the market is more profitable than mining.

[NxtGenCowboy]

I noticed a few of my miners are still going...  What happens with this fork since I noticed most are pools are offline..

[111magic]

I noticed a few of my miners are still going...  What happens with this fork since I noticed most are pools are offline..

Team is working on improvements and developments are in progress. Hardfork will follow asap!

[NxtGenCowboy]

I noticed a few of my miners are still going...  What happens with this fork since I noticed most are pools are offline..

Team is working on improvements and developments are in progress. Hardfork will follow asap!

Guess I should stop my miners for now...  haha . thanks!

[111magic]

I noticed a few of my miners are still going...  What happens with this fork since I noticed most are pools are offline..

Team is working on improvements and developments are in progress. Hardfork will follow asap!

Guess I should stop my miners for now...  haha . thanks!

Yes give them a break! 😉

[the_drugs]

Would it be profitable to purchase high-end CPUs for mining?

Probably, given the right amount of time and the right power costs. Its too hard to say with no information though. Beyond that that kinda goes against what XMG is all about, more hashrate =/= more rewards, look into the POW II posts to see this explained more. ideally everyone would only have to chip in 5-10% of their CPU power and everyone would get the same amount of XMG they're getting now, or even more. As it stands, me personally the "highest end" i would consider would be something like a R3 1200 or similar, seems to be the sweet spot for price/performance.

[guytechie]

I'm still trying to get my head around this notion of not mining too fast or you'll get less.

I have a Ryzen TR 1950x as well as a 1700.  They do very well at m7m.  I also have my media PC (Core i7) and my bedroom media PC (Core i5) that does decently.  I've also got a few low-mid-end CPUs scattered around the house (Core 2 Quad, Pentium Gxxx, and Core i5 Sandybridge).

In total, a little over a 1 MH/s.  Is that considered too fast?

Not sure if I'm understanding this, buy why have a "speed limit"?  To prevent fraud or a botnet?

PS: Was mining at zPool.  Waiting for m7m to be available for mining again.