They need to fix the rewards for trading volume to grow, the community are primarily holders its people mining the coin on potential that are the ones that push trading, a 25c coin is never going to see real trading without a constant influx of mined coins being traded for BTC

a month ago xmg was actually profitable to mine, i was making around $2.50 a day with 5 computers that were just idle mining magi...thats half of what a 6 card gtx 1060 zcash miner makes. So people can mine 100-500 magi in a reasonable amount of time and sell it on rex and get the coin moving. While you need 5 computers and 2 weeks to mine 10 coins nobody is going to care about magi

** just to clarify: nobody will care about magi as the miners trading in coins generate the spikes that get people trading...if nobody is mining any magi worth noting there is no selling and no spikes (and no "spikes" that are really just fluctuations in BTC value arent spikes regardless of what a chart looks like, it was the 20-33c value spiking back when magi was delivering moderate mining rewards that pushed the coin up)

3333 is the port of the server you are connecting to from the pool you want to use suprnova its actually 7128, use this link to ensure your putting the right info in: https://xmg.suprnova.cc/index.php?page=gettingstarted

ctrl alt del and choose task manger, then click performance tab and look for the section under the graph that lists logical processors, that gives you how many and you can just experiment...say you have 8 use -t 4 and in theory your CPU utilization should be around 50% when mining. BUT if you have an i7 you can probably switch it up to around 75% utilization and still have a decent amount left for using the computer

Magi shares are confirmed every 120 blocks i believe so once the block count is > 120 blocks above the block your shares were mined in they should become confirmed shares, once they are confirmed they are added to your confirmed amount, then paid out once your confirmed amount of magi exceeds your set payout amount (click your username top right, choose settings, and on that page is your payout threshold and payment address)

Has anyone else noted the big miners are kinda countering the magi model?

they hammer the hash, the reward drops, they hashrate drops by 60% until the reward comes back up and they just re-appear again? so it doesnt really seem to be stopping them. I cant fathom why they are bothering, with the power they have i would think they would be CPU mining monero its alot more profitable with the magi rewards sitting at 1xmg per block for 80% of the time now

You dont need the API key mate

also for your miners command line:

minerd.exe -a m7mhash -o stratum+tcp://address.of.pool:3333 -u poolusername.workername -p workerpassword

just pop the address of your chosen pool (usually under help> get started) then your poolusername is your user account on the pool, the workername i believe you have already found and the workerpassword is the password you have set for your worker (dont make this your user account password)


minerd.exe -a m7mhash -o -t 14 stratum+tcp://address.of.pool:3333 -u poolusername.workername -p workerpassword

You can use the above to throttle the miner a bit (note the -t ) if your actively using your PC, mine has 16 threads and i use this one to check my emails so i run it on 14 threads so its not unresponsive when i need to use it

I had the antivirus warning come up for the magi wallet, but windows defender being the crap program that it is shows absolutely no reference to the wallet.

but now its coming up with this app cant run on your PC as if the magi wallet is some 1000 year old app thats just not compatible?

Any work around that doesnt involved copying my wallet.dat to another machine and waiting 3 days for it to sync up again


*** EDIT *** found the fix myself

- added an exception to windows defender for m-wallet.exe
- deleted the 1.4.4.1 folder
- unzipped the folder back to the same spot

oddly enough defender doesnt remove it, just seems to block it so if you add the file exception, delete the file then put it back again your wallet works again

Thanks for the explanation Tommy makes perfect sense, i think i hover on the 300KH/s mark so i have my other idle machines humming over on the m-hash XMG pool so i keep all of mine within the pool limits

thanks for the pool, its been one of the best i have used even outside of XMG mining

I was in heaven there i mined 60 odd xmg yesterday then it dropped to 36 today  only splitting 550 KH/s over trasmamod and m-hash too

figured that wasnt going to last long! but the coins i sent to rex about a month ago magically appeared today when the wallet came back online over there so win win

Then i see this on trasmamod and i start to wonder did we just fork again?

2,086.57%

Of Expected Shares

I dont even check the bittrex XMG wallet status anymore im just happily stockpiling hopefully quite a few others just hold on to it too

also the m-pays website comes up with a security warning, not a good look for a secure payment system

I actually dont mind the exchange wallets staying in dev maintenance mode its making me keep my magi for once instead of just sending it to bittrex and reselling it between 5000 and 6000 then buying ethereum with the profits

I sat there last night and worked it out and im making $3.45 a day mining magi coins with half a dozen i7 ish machines just using their spare processing power as they are on all the time

You cant complain about $1250 a year in income from mining magi on your office computers its a great community coin

** edit ** plus it doesnt generate enough heat to warm a skyscraper like my ethereum and ZCASH rigs

the technology would still be decentralised with the miners contributing the work it would just be a controlled environment for the work to be performed in

Man we are under attack from a hash monkey again

How good would it be if magi had its own internal pool and there was no external ones, 250kh/s soft limit where your miner was built into the wallet and can only mine from that application

oh boy dont mind me i am a moron.

my m-hash pool account is pointed at my bittrex wallet not my XMG wallet thats why the coins arent showing the bittrex wallet for XMG is still offline.

Sorry guys but thankyou for the assistance

# You must set rpcuser and rpcpassword to secure the JSON-RPC api
rpcuser=[put-a-username-of-your-choice-here]
rpcpassword=[put-a-random-password-of-your-choice-here]

# Listen for RPC connections on this TCP port:
rpcport=8232

# server=1 to accept JSON-RPC commands
server=1

# listen=1 to accept connections from outside
listen=0

# RPC connection from localhost allowed
rpcallowip=127.0.0.1

# Add nodes to connect to specific peers
connect=104.128.225.215

# posii=1 to enable PoS staking; default = 0
posii=1

# Transaction under stake with a value greater than the threshold is being splitted
stakesplitthreshold=500

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=250




********** also try ******************

if your 100% sure your running wallet 1.4.3 try downloading the blockchain from here: http://coinmagi.org/bin/upgrade

works well for me, if your wallet is on a win machine, right click start menu in run put %appdata% and click OK and you will find the magi blockchain in the magi folder, just unzip over the top and you will only have a hundred or so blocks to sync and it should work

Thanks ex33s,

I ran that and the hash matches so im 99% sure my wallet is AOK and on the right fork.

I have to assume its m-hash but i am confused how this site

https://chainz.cryptoid.info/xmg/address.dws?9E7XDDbsriRhSP6GMi94EbvjN7mGw9Q8nv.htm

shows my XMG balance as 222 XMG, which shouldnt even be right even if all the suprnova XMG i mined actually got processed (was jammed up in the fork)

Guys,

I am mining on trasmamod pool, working great nice returns (till some jerk arrives with 4000 kh/s) and my wallet is showing my XMG without issues. Now im also mining at around 150kh/s on m-hash but even though they are showing payments to me they arrent arriving at my wallet. I have run a rescan and i am synced, 1.4.3 wallet and i can see even todays coins from trasmamod coming in AOK.

i emailed them and they said look at this https://chainz.cryptoid.info/xmg/address.dws?9E7XDDbsriRhSP6GMi94EbvjN7mGw9Q8nv.htm

That shows the m-hash payments but not the trasmamod ones so im confused is trasmamod and my wallet on a fork?

P.S. hats off to the m-hash pool team, such a quick response to my support email it was great to see even if im still confused at the outset

For those still missing coins i have noticed quite often over the last few weeks even with the latest wallet it wont sync (did it a few hours ago)

I just download the official blockchain from here http://coinmagi.org/bin/block-chain/

Overwrite my existing in %appdata%\magi and relaunch wallet and it downloads a few hundred blocks and stays synced for at least a day or so again (and actually processes my tfr's to bittrex)

Kind of annoying having to re download a 1.3gb blockchain zip but it only takes 2 mins so its not the end of the world and i figure the backend will settle down soon as the devs get things back on track

Hello

I have been mining a little on suprnova @ 800ish KH/s and i spend some time reading this post when the coin forked and naturally i have learned that i believe i was breaking the concept of magi by mining at that rate.

Can someone clearly confirm that we should only be mining at 300 KH/s per person or per mining rig? I just have some i7 machines that lay around doing nothing so i sent them off mining XMG.

Also can anyone give me a hint as how to enable proof of stake? i see it on the magi site and have done some searching and i can see some transacting history screenshots but nothing as simple as say

proofofstate="true" in magi.conf

I figure it will be something along those lines.

I have read through quite a bit of this thread and this seems to be a really good community so i registered and would like to do my part to maintain the fair hash rate and support the network with staking