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1821  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 10, 2016, 08:33:00 PM
I like the POI campaigns!  It gives people another reason to hold onto their coins for a long time, which i think is good for the coin.

I think the low PoS rewards are necessary to avoid too much inflation.  But the coins do stake nicely (my peercoins might never stake, for instance LOL)  Smiley

I have to agree Coins-R-Us, the POI campaigns are awesome!  I have only ever participated in the latest one (POI.3) as I came a wee bit late to the XMG party compared to most of you. I am really glad that I discovered this coin, and just in time to get into POI.3 too.  After I registered for POI.3 I doubled my Magi holdings just to maximise the benefit I would derive from the campaign (and I have never sold a single XMG), so your view about the benefit of these campaigns to Magi is a sound one.

I have just received my payout, and I am well pleased with it!   Grin  Here's hoping another campaign can be organised sometime later this year; I'm in!!
Thank you Cryptonaire. I really appreciate the feedback!
1822  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 09, 2016, 09:46:07 PM
I'm talking about the Proof Of Stake II  Smiley

The interest rate of the POS II is difficult to calculate because of the way it works with Magi, there are several things that affect it such as difficulty, amount of coins, age of coins, etc.  I can't give you exact numbers but the percents I have seen are between 1% - 4% annually with an average of 2% usually - that's been the case in my wallet.  This is quite low compared to many other coins and that is why the POI campaign is such a nice bonus.

The POI campaign is beneficial because it's a larger return in a shorter amount of time, similar to how we used to get interest on savings accounts, (the good ole days), but at the same time, you are also getting your own POS in your wallet, so in essence, you are getting two for the price of one just for holding the coins.  It's a good opportunity for beginners to get into crypto and learn how it all works while earning more coins in the process.  Hope that helps.

Thank you very much for the explanation, man; it certainly clarify my doubts. Seems like a great coin. I'll keep an eye on it Smiley

Well done Redrover and welcome GoldTiger69 in our awesome Magi community!
1823  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 08, 2016, 10:25:30 PM
...
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!

Can you briefly summarize what the proof of interest campaign is?

I like the coin and the fact that it focuses on helping "newer" people become knowledgeable about crypto, but that campaign has a gimmicky tone, unless I 'm wrong about it.
Here is the info amigo:
https://bitcointalk.org/index.php?topic=735170.msg14359787#msg14359787

Read is pls. There is no gimmicky tone on the Proof of Interest campaign. The main thing is the same Banks use. Hold or increase the balance and interest will be paid after a period.
If i'am correct PoI I 6% interest, PoI II 6% interest and PoI III 5.29% interest. There is no bank who will give you interest that high!  Smiley

That interest rate is annual, right?
No the interest rate is for the period the Proof of Interest campaign is active. Last one was 4 months.


Wow, that's great! And what is the % of the POS II? I just can't figured it out :/
First Proof of Interest campaign had a period of 3 months and gave 6% interest.
Second Proof of Interest campaign also 6%.
1824  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 08, 2016, 10:20:43 PM
...
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!

Can you briefly summarize what the proof of interest campaign is?

I like the coin and the fact that it focuses on helping "newer" people become knowledgeable about crypto, but that campaign has a gimmicky tone, unless I 'm wrong about it.
Here is the info amigo:
https://bitcointalk.org/index.php?topic=735170.msg14359787#msg14359787

Read is pls. There is no gimmicky tone on the Proof of Interest campaign. The main thing is the same Banks use. Hold or increase the balance and interest will be paid after a period.
If i'am correct PoI I 6% interest, PoI II 6% interest and PoI III 5.29% interest. There is no bank who will give you interest that high!  Smiley

That interest rate is annual, right?
No the interest rate is for the period the Proof of Interest campaign is active. Last one was 4 months.
1825  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 08, 2016, 10:17:07 PM
...
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!

Can you briefly summarize what the proof of interest campaign is?

I like the coin and the fact that it focuses on helping "newer" people become knowledgeable about crypto, but that campaign has a gimmicky tone, unless I 'm wrong about it.
Here is the info amigo:
https://bitcointalk.org/index.php?topic=735170.msg14359787#msg14359787

Read is pls. There is no gimmicky tone on the Proof of Interest campaign. The main thing is the same Banks use. Hold or increase the balance and interest will be paid after a period.
If i'am correct PoI I 6% interest, PoI II 6% interest and PoI III 5.29% interest. There is no bank who will give you interest that high!  Smiley
1826  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 08, 2016, 06:30:18 PM
Will there be POI IV?
There might be another Proof of Interest campaign.
But I need some feedback about the Proof of Interest campaign. Like why is it good for Magi to have a Proof of Interest campaign? What's the difference with other campaigns? (From other coins)
I need to receive some respons on that kind of questions to collect another fund for a new Proof of Interest campaign. Hope the Magi community can help me with that!
1827  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 07, 2016, 08:24:52 PM
No dev news yet! Waiting for him!
Mean time all calculations for the Proof of Interest campaign is done!
Starting with the payouts now!
 Wink


You are welcome amigo!
Nice picture btw!
1828  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 07, 2016, 07:15:16 PM
Is the interest rate 5,29% as described before ? With that rate you should get 52,9 XMG/1000 XMG, right ? Then I think that there was a problem with my payment of the PoI-III because I received much lower. 111magic I would be glad if you could help me here, or via PM Smiley.
Checking it now amigo!

EDIT: PM sent!!
1829  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 07, 2016, 06:49:57 PM
Hi guys, there's a working p2pool for Magi? I would like to setup my own node with a couple of friends:)

anyone??  Huh
Think the community missed you question because of the results of the Proof of Interest campaign.
I bumper it now for you and hope you will receive a respons!
1830  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 05, 2016, 09:52:47 PM
All payouts are done! If i missed somebody give me a pm and i will look into it!
Interest this time was 5.29%
Better than banks do!!! Grin

If you like give me some feedback about the Proof of Interest campaign.
That way i can talk it over with our anonymous Magi donator for a new Proof of Interest campaign!! Cheesy Cheesy

Thanks Magi, you guys are amazing! Sorry, I've not been so active recently - I don't have so much free time these days
No problem amigo. Most of us are very busy. Thats ok because our Magical Magi community stands for fair, open and respect for all.
1831  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 04, 2016, 08:07:49 PM
All payouts are done! If i missed somebody give me a pm and i will look into it!
Interest this time was 5.29%
Better than banks do!!! Grin

If you like give me some feedback about the Proof of Interest campaign.
That way i can talk it over with our anonymous Magi donator for a new Proof of Interest campaign!! Cheesy Cheesy
1832  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 04, 2016, 06:55:39 PM
No dev news yet! Waiting for him!
Mean time all calculations for the Proof of Interest campaign is done!
Starting with the payouts now!
 Wink
1833  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 04, 2016, 05:51:13 PM
Magi has finished this awesome and unique Proof of Interest 3 campaign.
Iam working on all checks and payouts.
Think everybody will receive their interest in two days!!

Hope Magi can launch a new awesome Proof of Interest campaign!


Funny picture Goldlabel!!!
 Grin Grin
1834  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 02, 2016, 09:48:42 PM
Magi has finished this awesome and unique Proof of Interest 3 campaign.
Iam working on all checks and payouts.
Think everybody will receive their interest in two days!!

Hope Magi can launch a new awesome Proof of Interest campaign!
1835  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: April 01, 2016, 05:54:33 PM
PoI3 finished.

Show me the moneeeeeeeeey  Grin

111magic when can we expect payouts?
I will try to make all payouts this weekend!!
Although I have a very full weekend so maybe I need the monday also!!
1836  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: March 31, 2016, 06:20:02 PM
Heads up, Bleutrade has a notice up to remove your coins - they are removing Magi due to malfunction of wallet.
Thanks Redrover. Too bad because update will follow soon!
1837  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: March 30, 2016, 04:54:40 AM


Banks do give interest but not very much! Magi does this better!
The Coin of the Magi is the digital currency of the future, fair unique and for all people living everywhere!


Rules for the Magi Proof of Interest 3 2016!

The base is very simple.
Time period: The Proof of Interest will last 3 months.

When can I register to participate? Registration will be open: 01-12-2015

How do I sign up? Tell me that you want to join the PoI here: http://bitcoingarden.tk/forum/index.php?topic=5721.msg103927#msg103927   Registration is done by posting your XMG address replying here on Bitcoingarden or PM me here or make a post here with MAgi wallet-address in your signature!

What information should I include? Write your participating wallet XMG address in a reply here: http://bitcoingarden.tk/forum/index.php?topic=5721.msg103927#msg103927 (only one address allowed to join, all addresses will be made public at the end of registration in interest of fairness of the campaign.)
(only one address a person allowed to join)

The team will check the address's initial balance, and that balance will start participating in the PoI. (After confirmation participant)

When will I receive my interest? Interest will be paid on 01-04-2016

What happens if I have more XMG in my wallet on 01-04-2016? You will receive interest on the amount present in your wallet on that date. (Advantage participant)

What happens if I have less XMG in my wallet on 01-04-2016?
You will not receive any interest from campaign, if your initial balance has decreased more than 15% at the campaigns end! (Drawback participant)

What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)

How will be interest distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.Team will check addresses random and record the coins in that address. Based on that the interest calculation will be done!

Who will pay the interest for this Proof of Interest campaign? I received the donation of will follow (hope 25.000 XMG again)
(For the third time! Love this guy)
On his request, the donor will remain anonymous! Payouts will be done by me.

Interest will be paid to the designated address wallet.
Changes of participating address during the Proof of Interest is possible only once per user in the 3 months period (changing is not advisable, though).
Exchanges or wallet address on an exchange are excluded from participation.

Your XMG balance for joining the Proof of Interest has to be min. 500 XMG

NOTE: The team reserves it's right to send a warning to a drawback member, that his balance is decrease more than 15% on their regular random balance checks.
There will be a limit set for the amount of people who can join the Proof of Interest. Max 150 people!
Remember the more coins you have in your wallet the higher the amount of coins you will receive by interest!



Proof of Interest campaign is almost finished.
The people who joined this campaign the following:

All Interest payouts will follow asap after the campaign is finished.

Few days to go!!!! Grin
1838  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: March 27, 2016, 10:00:03 PM
Yeah I'm holding mine too!  Wink

I like selling for 7K and buying back for 2k.
Thats nice the Frisian.
Iam holding also! Grin

I'm not holding, I'm expanding.
I'm going for one million XMG.

Think you will be the first Magi millionaire than!
That would be very cool!!
You'll be the first to hear.
For now I hope bittrex and polo stays alive and not get hacked,
because I have too many BTC and XMG on these exchanges ready for trade.


I also hope Bittrex and Poloniex will be ok for a long time.
If not than crypto has a big issue!
1839  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: March 27, 2016, 09:25:20 PM
https://www.coingecko.com/en/coins/magi

Magi is going upwards!! Nice hope to enter the top 50 at the second Magi birthday.
And than further!!!! Cheesy
1840  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay] on: March 27, 2016, 09:14:27 PM
Yeah I'm holding mine too!  Wink

I like selling for 7K and buying back for 2k.
Thats nice the Frisian.
Iam holding also! Grin

I'm not holding, I'm expanding.
I'm going for one million XMG.

Think you will be the first Magi millionaire than!
That would be very cool!!
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