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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375156 times)
starmman
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October 24, 2017, 08:07:25 PM
 #20261

Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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111magic
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October 24, 2017, 08:32:44 PM
 #20262

Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
The Frisian
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October 24, 2017, 09:56:29 PM
 #20263

Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?
Something like this : https://freelancer.nl/opdracht/Gelderland/Culemborg/Crypto-currency-exchange-31569
111magic
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October 24, 2017, 10:23:11 PM
 #20264

Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?
Something like this : https://freelancer.nl/opdracht/Gelderland/Culemborg/Crypto-currency-exchange-31569
Yes thats what i mean! You have contacts?

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
The Frisian
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October 25, 2017, 02:20:29 PM
 #20265

Yes thats what i mean! You have contacts?
No, just saw it coming by.
111magic
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October 25, 2017, 02:50:09 PM
 #20266

Yes thats what i mean! You have contacts?
No, just saw it coming by.
Ok thanks. I will ask around

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
starmman
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October 25, 2017, 03:39:08 PM
 #20267

Bittrex is for Magi the biggest. How about building own Magi exchange?
I thought about building my own exchange before - and decided that the security risk is too high for me to handle plus risk of holding peoples money / financial regulation / fees / tax / keeping users details / not holding laundered money / fiat conversion services. At least you'd need to form a limited company, and probably more depending upon which country that company is registered. My decision in the end was to leave it to the experts - or at least people who are (mad enough|willing) to take such a high risk.
goldlabel
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October 25, 2017, 08:30:02 PM
 #20268

i think thats asking for trouble if you putt a ad like that Grin
111magic
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October 25, 2017, 09:20:34 PM
 #20269

Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
Check post 1 there is a lot of info there.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
nosekefik
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October 25, 2017, 11:46:35 PM
Last edit: October 26, 2017, 07:00:33 AM by nosekefik
 #20270

I added it to my pool  Wink

It's based on YiiMP, no registration is needed :

Stratum  : pool.nosekefik.com:6033
User     : YOUR_ADDRESS
Password : c=XMG

Website  : https://pool.nosekefik.com/
Payout   : Every 20min
Fee      : 1.00 %

Example:
Code:
m-minerd -o stratum+tcp://pool.nosekefik.com:6033 -u 9FiRj5w5K7MtcQquBWeQW2temQB7L5EvVG -p c=XMG -e 90  

Happy Mining =)

Try my new pool  --> https://pool.nosekefik.com
lisasteca
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October 25, 2017, 11:49:16 PM
 #20271

Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
How do you mine the coin with CPU, you will need very powerfull cpu i guess to mine some coin. This was one the first coin i got when i started with crypto and still love this coin!
Franky2010
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October 26, 2017, 03:06:35 PM
 #20272

Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.

starmman
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October 26, 2017, 03:25:54 PM
 #20273

Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.
You are right there - Magi is a slow burner - but slow and steady. Long term market cap is slowly increasing every few months - price seems to be consolidating at the moment.
starmman
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October 26, 2017, 03:27:29 PM
 #20274

Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
How do you mine the coin with CPU, you will need very powerfull cpu i guess to mine some coin. This was one the first coin i got when i started with crypto and still love this coin!
I'm just mining with an i7 at the moment - I don't earn too much via mining just a few magi a week - but something is better than nothing. I get much more through trading and staking these days...
starmman
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October 26, 2017, 03:29:50 PM
 #20275

i think thats asking for trouble if you putt a ad like that Grin
Haha, yeah - I only remember one coin that built its own exchange called Banx, and they didn't last too long.
111magic
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October 26, 2017, 08:05:51 PM
 #20276

Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.
Thanks for your words here & indeed we hope trading volume will grow!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
vervetech
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October 26, 2017, 10:23:37 PM
 #20277

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)
111magic
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October 26, 2017, 10:33:32 PM
 #20278

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)
I agree with you a little. I think not only the mining & rewards will give more trading volume. Articles, new services & developments will give Magi more volume.
Magi has a unique community what could give Magi a huge boost if we all work together and use eachothers contacts. It might take time but Magi will achieve that and continues working on awesome future.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
gmit
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October 26, 2017, 10:59:42 PM
 #20279

I agree with you a little. I think not only the mining & rewards will give more trading volume. Articles, new services & developments will give Magi more volume.
Magi has a unique community what could give Magi a huge boost if we all work together and use eachothers contacts. It might take time but Magi will achieve that and continues working on awesome future.

get a life, man. who cares about magi community?! magi is currently at 5-months low with unprofitable mining or staking. no future there, no matter how many people you welcome into the community (lol)
RickBorges
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October 26, 2017, 11:02:47 PM
 #20280

Could someone explain to me how I do and what I need to get into a mining pool, as it is: https://pool.nosekefik.com/explorer/XMG.

I already have some concepts about MN, but I have not practiced for lack of money yet. Thanks in advance.
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