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

[111magic]

Here is a new site that might have better organization of docs. For anyone who wants to contribute improvements, https://github.com/m-coin/m-core.org

http://www.m-core.org

i like the new site its very responsive and have nice layout, new site have great potential    great work Joe

i tried to contact historical few weeks ago about multipool but no response i don't think he is active on bct anymore.

Can i ask you a question what do you think about masternodes would they be beneficial for magi in future or some sort of anon payment and could that be implemented in magi coding or you don't want to go that road ? Tnx

I had a contact with Historical some time ago about the hash.com pool and was able to get response from him. I'll see if I can reach him again.

Yes, I think anonymity is the option we should go which is on the roadmap now. Masternodes are not fully anonymous solutions, and I don't like the fact that a non-trivial amount of coins are required for being a node. There are some features of Masternodes which seems actually better than the anonymity itself, but I guess this won't be our direction anyways. I vote for something better, and any future implementations won't require hard rules that prevent general users from participation.

Magi team congrats with the new website!
Well done.

[dante85]

Hi, I was wondering if there is a way to mine XMG on a mobile device. Like when charging overnight for example.

Also I have mined some coins and bought some via Bittrex. When I open the wallet app it states that I'm 'staking' and a reward is expected within 2 days or something like that. But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

Thanks in advance!

[111magic]

Hi, I was wondering if there is a way to mine XMG on a mobile device. Like when charging overnight for example.

Also I have mined some coins and bought some via Bittrex. When I open the wallet app it states that I'm 'staking' and a reward is expected within 2 days or something like that. But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

Thanks in advance!

Yes one sec i will post the link to the mining app

Here it is:
https://t.co/HM6ZSgfvAR

[111magic]

New week for Magi! 😃
Started with good volume on Bittrex.
Magi is heading towards 3th birthday!
(15 september)

[starmman]

New week for Magi! 😃
Started with good volume on Bittrex.
Magi is heading towards 3th birthday!
(15 september)

Lets see where the week takes us - hopefully we can get back to that sell wall again

[edward0181]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

[starmman]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

[starmman]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

update: looking at the dynamics today I think there is a possibility that the price may drop a little further - but not guaranteed by any means. if you want to be speculative put in a lower buy - but don't expect it to be filled. A good approach may be to buy 50% at current price and 50% at a lower price, that way you wont miss out on the current price but still stand to gain if the price drops further...

[111magic]

Seeing a price of 0.13703499 USD / XMG right now. Would presume a good time to buy?

There is more demand then supply on the 25% order book range - so I would say that there is a likelihood that the price will increase a little in the short term (unless somebody is planning on dropping the price) - however there is not much supply available up to 6k satoshi - so you may not be able to buy much at the current price. Get in there whilst you can.

update: looking at the dynamics today I think there is a possibility that the price may drop a little further - but not guaranteed by any means. if you want to be speculative put in a lower buy - but don't expect it to be filled. A good approach may be to buy 50% at current price and 50% at a lower price, that way you wont miss out on the current price but still stand to gain if the price drops further...

Its always hard to say what the price will do.
Noticed that more currencies are recovering from past weekend. 

[starmman]

Its always hard to say what the price will do.
Noticed that more currencies are recovering from past weekend. 

Most of my coins are still dropping - hopefully they will start the turnaround soon =D

[Mendeleev]

Hi Magicians!

I just grabbed myself a couple thousand of these to stake, and was wondering if I'm doing this right. I used the stake thresholds from the website, rather than what was in the default config file.

So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

[111magic]

Hi Magicians!

I just grabbed myself a couple thousand of these to stake, and was wondering if I'm doing this right. I used the stake thresholds from the website, rather than what was in the default config file.

So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

Hi Mendeleev, welcome in our friendly Magi community.
Think you are doing already very good.
Here is a link to more info about POS
http://www.m-core.org/PoW-II-v2/
Scroll litte bit down on the page and you will find more info.

[111magic]

Magi could use more buyorders on Bittrex.
Show the crypto world how strong our awesome Magi community is!💪

[joelao95]

... But I can't have the wallet open all the time. Is there a CLI tool that I can run on a server to stake?

...

For stake, there must be a whole blockchain locally which means running a full node like the wallet. There is option to use VPS to stake; hopefully others can recommend something else.

...
So I have...

Code:

stakesplitthreshold=1000

stakecombinethreshold=500

... and I've split the coins into 1000 per address (the site said to split over addresses, so I just did that rather than re-blocking on one address)

The weight is now slowly increasing minute by minute, which I guess is how mPoS is supposed to work.

Does this sound good, or can you offer any updated advice?

Cheers!

Looks good to me, but I leave this to others who are staking often may have more effective suggestions.

[111magic]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

[starmman]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

[111magic]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

[starmman]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

Almost the only coin I have which isn't affected is LTC, everthing else has dropped by 20% or more

[abayan]

Looks like a bot is bringing XMG cheap at the moment on Bittrex. What will be the reason for doing that?

What will be the bottom?

Looks like it isn't Magi specific - seems to be a global alt coin confidence issue.

Its a good chance to pick up some coins at a lower cost, I've been buying small chunks all the way down =)

Right. Lots of coins notice this.

Almost the only coin I have which isn't affected is LTC, everthing else has dropped by 20% or more

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.

[starmman]

This is not normal for some altcoins that LTC is the only coin that stands out in market. But its good now so i can buy more XMG at cheaper price. People are in panic selling now because they dont even know whats going on in the market, for us who knows it is an good sign.

Yep, best thing to do is stick to your strategy (if you have one) and play the long game - I think today will be a great day - I like these drops almost as much as the pumps - although must admit that I wasn't 100% prepared for Magi to drop this far =)