actually I checked and found that wallet checks blockchains integrity right when it is starting, so checkwallet function doesnot work in console window.
you need to download 1.4GB. That's the only option for you, I had to do the same, dont let wallet update from beginning, it will take days and use 25 percent of your cpu as it does so.
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magi rigs for rent with very low one time payments. hashes upto 150khps and duration upto 1 year.
https://bitcointalk.org/index.php?topic=3907169.0

question slipping through:
any way to see if my magid client (not the qt!) is staking?
i have set the `-posii` flag, but I don't see anything about the staking happening...
can't find any way to see wether it's staking and what my weight it :\

Sweet! I'm working on writing up a Newbie's Guide to Coin Magi and also looking for more how-to stuff, but also interest in the nitty gritties. Hoping to have sub-chapter headings like "Governance" and "How PoW and PoS Work Together to Secure the Network"

I'm not part of the team. I think I could contribute usefully, though. Sadly, work has me away from comm access for months at a time.

About me:

Who are you?
I'm a 42 year old merchant mariner, beekeeper, former taxicab fleet owner and mechanic.

Past projects and experience?
None related to currency or programming or cryptography. Plenty running and managing businesses. Some experience rebuilding truly large, and really tiny, diesel engines.

Where you think CoinMagi will be next year, five years from now.
I don't know but I know where I'd _like_ it to be. I'd like it to price-stabilize in the neighborhood of around USD5.00 and achieve deep retail market penetration with a selection of "light" wallets (no attached chain and not contributing to PoS) for use at brick-n-mortar retail locations. A stable exchange price (+/- 5%) means merchants can mark their items in XMG with little worry about over/under charging customer base.

Other interests besides crypto.
Sailboats! Everything from dinghies to classic yachts and tall ships. Actually, I have spent the last five years working aboard tall ships. My poor dinghy is feeling neglected...

Honey and bees. The best way to relax is to sit on the back porch with a beer in hand, watching the bees going to and fro at the hive entrances. And shooting the bears who try to ransack them! Grr...

Alternative energy and energy efficiency. Thus my interest in XMG compared to other cryptos.

Diesel motorcycles. 'nuff said.

How you got interested in crypto.
I've been generally watching Bitcoin since about 2010. Didn't actively get into mining or trading until 2016. My portfolio is small but growing.

etc.
Planning a summer yachting cruise of the Sea of Okhotsk. Some day. ::sigh::

Of course ppl would stop mining in all if it's a total loss. In your example is a extremley low block reward (Even if it reflects the reality, this is the lowest block value I've seen). The block value can go all the way up to ~42 which in terms should even out the low points. The more realistic question is in that case - when is that happening?

Usually the block reward goes up fast then the big miners throttle back their miners. Even if the block reward "only" get's up 2 xmg per block that would give you an an total amount of ~$2.6945139702 which means after taking out your loss of $0.00545139702 gives us ~$2,689062573 in the blacks.

When block reward goes up, it usually goes in steps (1-2 blocks per step) before leveling off at a max of ~42 xmg.

Amigos ya encontré la solución para que la minería a baja escala sea un poco mas rentable, (Solo tenemos que lograr que XMG aumente de valor, por lo menos entre unos $5 a $7 aproximadamente) ese sería un punto dulce tal vez, creo.

El obstáculo es como hacer que aumente de valor, tal vez creando campañas de publicidad a esta moneda para que mas gente la utilice y la compren mas y mas, atrayendo mas inversores, creando que aumente su demanda y a la ves logrando que su valor aumente, tal cual sucede con el BITCOIN.

Tal vez esta sea un de tantas opciones en la mesa.
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Friends and I found the solution for small-scale mining is a little more profitable, (We just have to get XMG to increase in value, at least between $ 5 to $ 7 approximately) that would be a sweet spot maybe, I think.

The obstacle is how to increase value, perhaps by creating publicity campaigns for this currency so that more people use it and buy more and more, attracting more investors, creating an increase in demand and see their value increase, as it happens with the BITCOIN.

Maybe this is one of the many options at the table. : - \

I guess current block value is temporary solution to test network after fork. Ofcourse with such reward nobody will mine this coin..

maybe some happy fans  

Why do you want to centralize the network (Only allowing register pools to operate, what about solo-miners)? In short - that's you suggestion? There is no way we are going down the path of centralization on a decentralized network.
The problem with us regulating who has the right to mine (or how to use it) is directly against the decentralization part.

The current way of controlling it now is to lower the block value (What each new block is worth) when magi is being mined like this without centralizing mining. The problem is there is no way of telling when a block is found that the block was created
by my, you, the good pool or the bad pool. Which lowers the block reward to the amount where it's not worth mining.

The best solution to this problem is information about how magi works and spread it to everyone. Tell them that if you mine in the sweetspot - everyone gots a bigger piece of the pie for the amount of work (your computer) you input, fair and square.

There is numerous post about this part earlier in the magi thread.

Sure - pool owners can decide if they want implement rules about limiting hash per use. The point is that it's theirs decision - It's their service.

hmmmmmmmmm i really not going to remember BaqhBnihYUv*****Xqt3eSSwHgClK00marEMOW4NRzqiZrKWSd066SCN9f9Ufahq
as my login, espeically if i'm not on the computer where i saved it. (my little brain cant handle that big thing)

use the email as the login that way its easier to remember

use the acronym "KISS"
Keep
It
Simple
Stupid

(noting bad again you )

your not data farming as your only getting their email address

the email address is classed as a username.

data farming starts when you start getting personal information.

the other thing is i havent seen wat you using as a wallet identifier.
if its complex people wont like it/complain/not use it. hence where the email address comes into play.

looks good

just dont make the email address optional in the sign up page.

buying strong cpu's isn't worth it for any type of coin.

I have two e5-2673 v3 doing some 400khs/each and 36 i7-6700 doing 95-102khs/each, giving me 4 - 4.5Mhs in total. Good thing with magi pools are workers which prevent botnets. compared to other miners like popular criptonight, m7m algo miners are not viewed as trojans by AV (especially kaspersky).

imagine making this a botnet file and spreading it...

p.s. you can try free azure account, you'll get 200usd to spend on some VM, you can create Standard F16s (16 vcpus, 32 GB memory) version and will work some 8-10 days with that amount