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

[The Frisian]

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.

[edward0181]

That is true, of course.
But compared to not finding any blocks at all is just burning clouds.

[abbeytim]

miner claim has like 59mh/s now

https://poolinfo.systms.org/#pools

[Pool42]

Not only between 500 KH & 800 KH, we're also having these issues on Pool42.
We may have a little more blocks per day, but our situation definitely degraded as we used to have between 8 & 15 blocks per day

But 15 blocks of around 0.5 XMG is much less than one block of 40 XMG.

Of course, though back then it used to be in average blocks of 8.

And maybe shall I recall you that it was the maintenance mode where rewards (and therefore benefits) were drastically brought down compared to before.
Now, if we look back, 15 blocks at 8 XMG is worth 120 per day while here we have 80 per day.

We actually expected the income of our miners to be four times above what it used to be during maintenance...

That is true, of course.
But compared to not finding any blocks at all is just burning clouds.

That's right. It sounds like this update weakened small polls pushing people to go to large pools.

[The Frisian]

That's right. It sounds like this update weakened small polls pushing people to go to large pools.

Is it possible that the small pools had around 5% of the total hashrate and now 2%? (Pool42 1% of visible miners)
Over last year I see the mean blockreward was above 8 XMG.

[111magic]

Hi staff,

Can you invite on slack ?

&

where is exchange for now?
- Yobit low
- maintenance bittrex
- cryptopia delisted
...

thx

Are you on slack yet or do you need an invite?

Hi 111magic

I would like an invitation

& thx all for your stats

Will send it when iam back home!🖒
Send your emailaddress pm pls

[111magic]

Novaexchange is Online.

Good news. Happy to see this.

[Apprentice]

Novaexchange is Online.

Good news. Happy to see this.

what about bittrex? When that wallet will be online?

[starmman]

Great... Lost 600 XMG was send to Nova before fork...
 

Did you try a resync of your wallet - and a repairwallet

You should be able to trace where your 600XMG went to...

[edward0181]

Have send them a email... will be ok.

In the meantime, does anyone know if Suprnova will come online again? Still have some XMG laying about there.

[starmman]

If the block reward stays as is, there will be huge supply to limited demand leading to a serious inflation for the value of the coin.

All the hard earned coins mined before one month will also lose value.

I am scared now.

Yes, it wont be in most peoples interests for large rewards to stay, if there are 500k per month mined that would decimate the price very quickly

[111magic]

Novaexchange is Online.

Good news. Happy to see this.

what about bittrex? When that wallet will be online?

Hope soon. They also received messages from Magi team.

[starmman]

The following page shows the total number of Magi Generated per day

https://chainz.cryptoid.info/xmg/#!overview

There used to be on average about 1k-2k sometimes 6k, so 12k per day over the last 48hrs seems abnormally high - I hope it drops

[jcreyesb]

Novaexchange is Online.

Good news. Happy to see this.

Yes it is.. but..why nova have two magi?

Currency           Balance   In trades       BTC Value   
       MAGIC   MagicCoin      0.00000000   0.00000000       0.00000000   
       XMG   Magi      0.00000000   0.00000000       0.00000000   


Which one should I use?

[abbeytim]

Novaexchange is Online.

Good news. Happy to see this.

Yes it is.. but..why nova have two magi?

Currency           Balance   In trades       BTC Value   
       MAGIC   MagicCoin      0.00000000   0.00000000       0.00000000   
       XMG   Magi      0.00000000   0.00000000       0.00000000   


Which one should I use?

look above it says xmg magi

[The Frisian]

The following page shows the total number of Magi Generated per day

https://chainz.cryptoid.info/xmg/#!overview

There used to be on average about 1k-2k sometimes 6k, so 12k per day over the last 48hrs seems abnormally high - I hope it drops

Meaning, within 4 years all XMG coins are mined.

[jcreyesb]

what algo is magic?

[starmman]

The following page shows the total number of Magi Generated per day

https://chainz.cryptoid.info/xmg/#!overview

There used to be on average about 1k-2k sometimes 6k, so 12k per day over the last 48hrs seems abnormally high - I hope it drops

Meaning, within 4 years all XMG coins are mined.

Lets see what happens - hopefully the reward will drop - I'm sure Joe will update us

[starmman]

what algo is magic?

Magic is another coin - I didn't hear of it before. I suspect its a generic clone.

edit: here is the op for magiccoin - looks very bad - no information, wallet or source code, its a scrypt clone
https://bitcointalk.org/index.php?topic=2044991.0

[edward0181]

what algo is magic?

The only magic coin I know of, is a coin trick by magicians...