Magicoin MAGIC (MAGI) - The MagiCurrency
http://www.cryptomagic.com Click the images to download wallets (version: 1.0.2.0)
EXCHANGES
SwissCex | SwapHole | RockyTrade | CoinNext
VOTING EXCHANGES
C-CEX | ShareXcoin | BeeDui
OFFICIAL BLOCK EXPLORER
http://www.magichain.info/CONTEST
1. Magicoin video contest (1 BTC reward+ 20,000 MAGIC bonus)
(Currently har23, s1ng and FanEagle:
https://www.youtube.com/user/TheCryptoMagic/videos)
2. Magicoin slogan contest (5,000 MAGIC bonus)
________________________________________________________________
SPECIFICATIONS
Algorithm: Scrypt
Magicoin distributes coins using the pattern similar to LTC; simply count its value by comparing with LTC, however, we do magicoins, see below for details
2.5 minute block targets
Subsidy halves in 840k blocks (~4 years)
~84 million total coins
90% coins distributed "normally", i.e., halving every ~4 years, while 10% coins distributed magically (details explained below)
In average, 50 coins per block
2016 blocks to retarget difficulty (use Kimoto Gravity Well - KGW algorithm)
FAUCETS
http://faucet.cryptomagic.com/http://www.yougotmagic.net/POOLS
1. DiggMagic - Magicoin own pool
(You're guaranteed to get your maximum mining earnings:
https://bitcointalk.org/index.php?topic=548368.msg7027811#msg7027811)
2. Charity Pool
3. CryptoPoolMining
4. Webcoin.us
5. 24hash
6. CryptoArmy
FORUM
Link
RESOURCES & SERVICES
1. MagiCoin mining calculator & CoinTweak Mining profitability
2. whatmine
3. Magicoin Showcase - Market Capitalization & Statistics
CONNECTING US:
1.
2. Facebook group page (Indonesia community):
https://www.facebook.com/groups/MagicoinIndonesia (We must say thanks to wakhidNkcom. He has organized 50+ Indonesia MagiFans; here is his facebook page:
https://www.facebook.com/wakhidNkcom)
3. QQ group chat: 343273365
GIVEAWAY
https://bitcointalk.org/index.php?topic=626179BOUNTIES
= News & Articles: 10,000 MAGIC reward - feature us an article (good quality); 5,000 reward to who recommend us an editor/site and get us published; 2,500 MAGIC reward to who provides us info towards article publication. More rewards upon your request.
= Mac os and linux wallets: 1,000 per wallet
________________________________________________________________
MERCHANTS
(
https://bitcointalk.org/index.php?topic=548368.msg7043001#msg7043001)
NEWS & ARTICLES
5/27/2014: Magicoin blogsite - The Magicoin new virtual currency.
5/26/2014: Bitcoin Garden - Magicoin (MAGIC): The MagiCurrency 90% coins distributed “normally”, while 10% coins distributed magically
5/26/2014:
http://scn.youngeasy.com/show/crypto-news/86799439593.html#.U4OZenbiglk 5/25/2014: Business mkreative group - Magicoin virtual currency
UPDATES
05/27/2014 - Magicoin Showcase - Market Capitalization & Statistics from CryptoShowcase.
05/01/2014 - NEW exchange: SwissCex.
04/27/2014 -
www.cryptomagic.com up and running.
04/23/2014 - New wallet (v1.0.1.2).
04/23/2014 - A new exchange: RockyTrade.
04/23/2014 - Two mining pools available:
http://pool.webcoin.us/magic http://magic.nitro-pool.com04/09/2014 - Thanks wzttide, we're on exchange: SwapHole.
04/09/2014 - Sent out bounties; more are available all the time until an announcement is made sometime in the future. PM me what you can do for MGC.
04/08/2014 - MGC launched.
MagiPlan
(Magicoin planned from the beginning since born, and fortunately we are going in the same initial direction,
with planned goals coming true slowly but firmly, and now even bigger than ever since.)
1. Dedicated server acquired (April 16, 2014)
2. CryptoMagic:
www.cryptomagic.com (April 27, 2014)
3. MagiChain:
www.magichain.info (May 09, 2014)
4. MagiPool:
http://mining.diggmagic.com (May 29, 2014) one of DiggMagic.com pools
5. MagiNews:
www.digg-e.com /
www.TheMagiNews.comMagiForge
We have confused MAGI and MAGIC a little bit. Overall, MAGIC is a name forged from MAGI. What else? (coming soon ...)
LOGO
About the design:
#1, Keep it simple;
#2, Slanted "M" stands for Magicoin;
#3, Underneath the "M" is a penrose tiling which consists of various country flags, standing for "We're connected";
#4, Many blank penrose patterns are to be filled upon your calls - We call this MagiColor movement - comment us the design and the color you'd prefer.
MagiColor MOVEMENT
Find your own local/preferred color in the logo, not there? Tell us.
MagiServices (more will be announced)
## DiggMagic.com - A mining pool MagiServices present
Why us?
# NO POOL FEE
# You're guaranteed
(we compensate you when you run into any issues caused by our pool)
# Surely DDOS protection
Register today: mining.diggmagic.com
Once registered, verification email may go into your spam folder; check there.
DiggMagic.com is currently hosted in our dedicated server, which operates with partial supports from our original funding supporters. If you like this and what we provided and will provide, and would like to see us in the long run, please consider a donation to us.
NEED a pool for your coin?
DiggMagic.com is reserved to set up mining pools for any other coins, technically. If you need a pool, please tell us. We can try to set it up for your coin; NO pool fee will be applied. Magicoin presents this "FREE" service as long as we hold the server.
MagiFans
We reserve this section to record MagiFans. No bounties for you to be listed here. This is purely a list to show our solid community in support of Magicoin. To be announced.
HOW DOES THE MAGIC WORK?
In simple, 10% of total coins are used as bonus and randomly embedded in the course of mining:
Initial launch takes two weeks to stabilize; this is to prevent some "big" miners from taking over at the beginning when not many miners are involved. The very first few blocks have zero bonus; wait! this isn't insane? As compensation, Magic hours occur very soon: within the two-week period, there are three magic hours every day which produce the significant number of coins. Because of this, the average coins per block is 25 for the 1st day; when mining proceeds, coins per block exponentially increase to 45 at the 14th day of launch, which is the normal value. So don't go away, or you'll only get zero.
For all the future mining, 45 coins per block are normally mined. If you have enough patience staying with us for a 2-week long, you will get Magicoins. There are 80 coins per block occurring in randomly selected two consecutive magic days in every two weeks. This process repeats; Magicoins get halved every ~4 years. So again don't go away, or you'll only get 90% of the coins.
ARE YOU MAGIC?
See here what matrix961 gotShocked
Quote from: matrix961 on April 09, 2014, 05:53:58 PM
I've been solo mining at about 750 kh/s and my first few blocks were around 6 coins each. I then had 1 or 2 at around 7 coins each this morning. I went home for lunch to check again and was surprised. I had gotten another 2 blocks around 12:00-12:16pm EST for 188 each! Is that right?
*Edit* I'm assuming the 2 blocks were from the magic time as stated above... Tongue
PREMINE & PUBLIC LEDGER
As you can see, the first 1000 blocks are premined as funds of this project as well as for test purpose, which is about 0.95% of total coins. We don't want avoid this fact. We will be happy to disclose where these coins have been spent and are to be spent. Magicoin DEV will make sure you all know about this, and will make sure all premines are spent in various ways, rather than dumping in exchanges. A ledger will be listed in our official website.
FAQ
How to CPU pool mine?
Quote
1. Download Stratum mining proxy (Link; Linux users: compile the source)
2. Create a .bat file (windows), e.g., start_scrypt_PRC.bat, using a text editor to open it, and adding the following (be sure file extension is really .bat):
Code:
mining_proxy.exe -o mgcus.charityminingpools.com -p 3338
The bat file and mining_proxy.exe should lie in the same folder; Above Stratum mining proxy points to pool: mgcus.charityminingpools.com, 3338 is the port; feel free to use any other pools of your choice.
3. Double click .bat file and run it in a DOS command window; if no obvious errors occur, you are good to go.
4. You can do cpu mining in the same computer you run the stratum proxy, or in a different computer. Now download a cpu miner (Link)
5. In the folder having the cpu miner (minerd.exe), create another bat file, and add:
Code:
minerd.exe -a scrypt -t 4 -o
http://127.0.0.1:8332 -u username -p password
if you cpu mine in the same computer, or
Code:
minerd.exe -a scrypt -t 4 -o
http://192.168.0.10:8332 -u username -p password
if you cpu mine in a different computer. Here, username and password should be the worker's username and password you should create in the mining pool
NOTE: "-t 4 " means using 4 threads. If you have a 8-core cpu, you can use up to 8. You'll need to optimize the number of threads such that CPU mining does not affect GPU mining. Also, using maximum number of threads does not mean maxim hashing. Usually, leaving 1 thread for GPU should be fine, but you may give more.
6. Run the bat file, you will see the hashing!
How to GPU solo mine?
Quote
1. Set .conf file using the above default. You can use any rpcport you want
2. Run Qt or daemon
3. Set up cgminer parameters, the url should be localhost and without using stratum, e.g.,
Code:
"pools" : [
{
"url" : "127.0.0.1:35882",
"user" : "user",
"pass" : "password"
}
]
35882 is the RPC port, you can do command line too:
Code:
cgminer --scrypt -o
http://127.0.0.1:35882 -u user -p password
4. Run cgminer
How do I mine coins when no pools are available yet?
Quote
1) Download the wallet & open it
2) Go to menu: Help -> Debug window -> then Console
3) Type in the following command and then check information using: getinfo, getbalance, getmininginfo (hash rate)
Code:
setgenerate true
My wallet is not syncing?
Quote
Check your configuration file <magicoin.conf> which should be in the proper folder:
Windows 8: C:\Users\username\AppData\Roaming\magicoin
Windows XP: C:\Documents and Settings\username\Application Data\magicoin
For windows user: type %appdata% in the address bar of the file explorer and "enter", then locate the folder "magicoin/Magicoin"
Linux: ~/.magicoin
If no magicoin/.magicoin folder presents, create a one
Donate us:
BTC: 18u95uh4KnhrVSZZ44WrGDdkeTSRHgdwbL
MAGIC: M9PKy9H7XcDkvKWMqiLrDSKxq5673PRGv8
