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

[jcreyesb]

Hi guys, how many XMG i need to a good stake?

[ArtemisioLuno]

Speaking about exchanges....a new one called XLobs is going to open soon and I proposed XMG to be listed on the exchange! No listing fee required, just vote for xmg to be listed! Vote here https://xlobs.com/vote/

I'll take a look to see if I can find any more information about the exchange - shame they don't expose any address / company information

I found a tweet that expose some company information https://twitter.com/LOBSTEXofficial/status/1042475988502958083
I didn't know them too, they seems very new, a new coin (lobstex) was launched on May 2018, but is doing well with just PoS and Masternodes
Now in December they will start the exchange xlobs and a wallet aggregator Kointel
It seems promising to me,looking how new they are and so much development done....let's see if they list XMG on the exchange, at least Magi has been voted 11 times, more than Monero!

Let's hope for Magi to be listed in a new exchange to boost the XMG price a little bit 

Btw, any developer news? I noticed the website for the magi poolinfo website is down or in maintenance....going to https://poolinfo.systms.org/ says the https certificate is not valid and gives a login prompt to zimbra. What happened? Even the explorer https://chainz.cryptoid.info/xmg/ does not return a well formatted page 

[allfriends88]

Hey team, how about magipay application? whether it's been launched? where can I find the application? If the whole world people could use such an application, or just in your country?

[The Frisian]

Hey team, how about magipay application? whether it's been launched? where can I find the application? If the whole world people could use such an application, or just in your country?

I'm afraid the team has gone!

[ArtemisioLuno]

Hi guys, how many XMG i need to a good stake?

i suggest at least 200XMG to stake with some reward every now and then. Better to have from 500 xmg up to 1000 xmg so you can stake more often. (more coins you have more probability you have to be choosed for staking).  In magi.conf they suggest to split big amount of xmg transactions in transactions of 1000xmg so the sweet spot for good stake is between 500 and 1000xmg not more than 1000xmg

[starmman]

Hi guys, how many XMG i need to a good stake?

i suggest at least 200XMG to stake with some reward every now and then. Better to have from 500 xmg up to 1000 xmg so you can stake more often. (more coins you have more probability you have to be choosed for staking).  In magi.conf they suggest to split big amount of xmg transactions in transactions of 1000xmg so the sweet spot for good stake is between 500 and 1000xmg not more than 1000xmg

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

[The Frisian]

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

[phaeliks]

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:
https://www.mupload.nl/img/x5ycuqs.jpg

To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed =  1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;
https://www.mupload.nl/img/pryprba.jpg

From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

[Hocus]

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:
https://www.mupload.nl/img/x5ycuqs.jpg

To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed =  1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;
https://www.mupload.nl/img/pryprba.jpg

From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

Not the math we deserve, but the math we needed. Thanks, P!

[starmman]

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:


To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed =  1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;


From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

Not the math we deserve, but the math we needed. Thanks, P!

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

[The Frisian]

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

Congratulations, which day?
My first two (twin) were born on the 11th of december, 19 years ago.

[starmman]

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

Congratulations, which day?
My first two (twin) were born on the 11th of december, 19 years ago.

Thanks - he was born on the 5th - 6 days late - he's certainly keeping us both busy =D

[Andrey123]

Hello!
I made a coin purse for the Rapsberry Pi 3 computer.
And I will be very glad to coins 

95opaC9uSxwYb3ym7srz7MSHWE16GuhfZB         

https://mega.nz/#!9uQ0RS5K!5d_cSN-quxarlFPH69y3GTY2JHD102oz5Tao5e-X1-E

[Myth888]

hey guys any word on Joe?

[yayat]

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL

Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

[The Frisian]

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL
Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

One year ago the price was around 4000 Satoshi, just before the explosion until almost 12000 Satoshi (29/12)
It's very sad that Joe and his team could not use the popularity this year to let the coin grow any further.
At this moment there's no communication possible with Joe, I send many pm to him but never got any answer.
I guess the only chance for this coin will be a fork of another team to continu the roadmap in 2019 because,
above all else, we must make Magi great again!

[starmman]

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL
Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

One year ago the price was around 4000 Satoshi, just before the explosion until almost 12000 Satoshi (29/12)
It's very sad that Joe and his team could not use the popularity this year to let the coin grow any further.
At this moment there's no communication possible with Joe, I send many pm to him but never got any answer.
I guess the only chance for this coin will be a fork of another team to continu the roadmap in 2019 because,
above all else, we must make Magi great again!

Joe probably got annoyed with all the FUD and attacks whilst the price was high

[The Frisian]

Joe probably got annoyed with all the FUD and attacks whilst the price was high

Sometimes I also get annoyed by a few of my customers.
But then I don't stop helping all the other customers.
I can not believe this would be a reason to quit.

[xms]

Joe probably got annoyed with all the FUD and attacks whilst the price was high

Sometimes I also get annoyed by a few of my customers.
But then I don't stop helping all the other customers.
I can not believe this would be a reason to quit.

right, you must show interest all the time its your coin joe so belief in it

gr xms

[starmman]

So no one answered unequivocally, about the coins for the crimson wallet ... is there anyone responsible for these questions?

Hey, the dev team haven't been around for quite some time

Personally, I don't download anything posted on btc talk - a few people uploaded trojan horse wallets in the past