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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 1745494 times)
ex33s
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November 22, 2014, 07:12:53 AM
 #4181

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink

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November 22, 2014, 09:57:41 AM
 #4182

Well said Ex33s!


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
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November 22, 2014, 10:30:19 AM
 #4183

Hello, i follow this coin for quite some time now, i follow some more but so far magi is one of the best and strongest available, and i really like the concept of cpu mining, think this is the only fair way for distribution coins in my opinion.
i buy some xmg and the are warm and nicely in my wallet as investment.
Want to start mining with my laptop but i'm really a nope is there a video fragment so i can check it out to learn how to do it.
Hope someone can help my out.
Arsenay
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November 22, 2014, 11:52:37 AM
 #4184

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  
ex33s
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November 22, 2014, 12:01:20 PM
 #4185

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


It's an excellent idea to use the multipool to increase the value of xmg, i'm doing both. Mining xmg at pool and using my gpu's + asics on the multipool

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November 22, 2014, 12:06:26 PM
 #4186

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


yes i agree XMG is very undervalued and yes minijg XMG for now is as an investment for the future.. xmg very good on algorithma and stuff.. and i think we miss some thing like marketing.. we very need marketing here to increase value
Arsenay
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November 22, 2014, 12:15:41 PM
 #4187

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


It's an excellent idea to use the multipool to increase the value of xmg, i'm doing both. Mining xmg at pool and using my gpu's + asics on the multipool

no, not very
produced rubbish at low prices, then buy xmg

That there is only one mining NeoSkript -> xmg
or x13 -> xmg

 Grin


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November 22, 2014, 12:16:23 PM
 #4188

Hello, i follow this coin for quite some time now, i follow some more but so far magi is one of the best and strongest available, and i really like the concept of cpu mining, think this is the only fair way for distribution coins in my opinion.
i buy some xmg and the are warm and nicely in my wallet as investment.
Want to start mining with my laptop but i'm really a nope is there a video fragment so i can check it out to learn how to do it.
Hope someone can help my out.

Thanks and also welcome!
Arsenay thats your choice. You stay welcome in the great community of Magi XMG.
Its always difficult to make choices in the altcoinworld. Coins were you can make fast money
with mining are not there anymore.
It's the developments and other things what give value to a coin.
I still have faith in Magi XMG! Magi launched just two months ago. Compared with other coins, the succesfull coins Magi shows to be on that same track. Thats why Magi is able to be a long investment coin.


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
Arsenay
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November 22, 2014, 12:26:08 PM
 #4189

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


It's an excellent idea to use the multipool to increase the value of xmg, i'm doing both. Mining xmg at pool and using my gpu's + asics on the multipool

no, not very
produced rubbish at low prices, then buy xmg

That there is only one mining NeoSkript -> xmg
or x13 -> xmg

 Grin




for example
battle for coins 5 fx-8350  Smiley
https://nicehash.com/?p=miners&a=8&d=1&addr=12wDDVTMGUwqUsSrwPvUmFF91dFwKMKDrE
111magic
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November 22, 2014, 12:40:22 PM
 #4190

More marketing is what Magi need. I agree with that.

But also I see some great developments coming. https://bitcointalk.org/index.php?topic=735170.msg9616369#msg9616369
So marketing and time will bring Magi XMG to the top!


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
voephilis
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November 22, 2014, 02:49:40 PM
 #4191

***Magi is altcoin of the week*** on http://blog.btcgermany.eu/

The article will be published tomorrow on our german investors page.

Hope our german clients like your coin! We from the BTC - Germany team definitely do!


If you like the article or you want to support our work please donate:

XMG: 9BCfjdC1eddHVbqiUP1YdmzivQyz75wBGT
BTC: 15AzeRGT7ekp3aXYX26ohZz1DB1NFUutca

111magic
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November 22, 2014, 02:58:13 PM
 #4192

***Magi is altcoin of the week*** on http://blog.btcgermany.eu/

The article will be published tomorrow on our german investors page.

Hope our german clients like your coin! We from the BTC - Germany team definitely do!


If you like the article or you want to support our work please donate:

XMG: 9BCfjdC1eddHVbqiUP1YdmzivQyz75wBGT
BTC: 15AzeRGT7ekp3aXYX26ohZz1DB1NFUutca


Thanks voephilis.
It's great news! Happy to hear the German community incl. your team supports Magi XMG!


  Coin MAGI  . XMG  
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓ XMG 97XBFXZX5Ce77BQWGbg5N5ygCyqmwGJ1Z8
  ANN THREAD MAGIPAY FAQ FORUM
BTC 1J7wFce3Ve8iPoY3BXQRvvLLcg6mfWSQHz
ex33s
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November 22, 2014, 03:57:19 PM
 #4193

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


It's an excellent idea to use the multipool to increase the value of xmg, i'm doing both. Mining xmg at pool and using my gpu's + asics on the multipool

no, not very
produced rubbish at low prices, then buy xmg

That there is only one mining NeoSkript -> xmg
or x13 -> xmg

 Grin




for example
battle for coins 5 fx-8350  Smiley
https://nicehash.com/?p=miners&a=8&d=1&addr=12wDDVTMGUwqUsSrwPvUmFF91dFwKMKDrE

Smiley

Well, I'm more referring to actually create some buy pressure on the market via the multipool Wink
For now it's still mining on pools and the multipool, as an investment on XMG.

On pools it's for i want some more and support the pools that setup this service for us. Wink
On the multipool it's the same as above + adding some buys on the market and then making it a more active market. I know it's not much but it does create some activity.

As for the multipool i see it as a tool not only to get XMG but also making the market more active, only counting the amount of XMG you get from the multipool would be wrong cause it does give a little more active market and that in turn gives more value. Wink

ex33s
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November 22, 2014, 04:08:44 PM
 #4194

hey what does an overclocked 3770k bring in daily?

From a stock i7-3770 running on ubuntu i'm getting around 35 kh/s when only running the miner, with running other apps i'm getting 28-30 kh/s

What does this equate to in cash flow?  I've been out of the game a while, but I saw on twitter guys saying this coin is very profitable to mine, but unless I'm looking at this wrong it seems like we are talking about pennies here.  Anyone?

I haven't done the math for this.

I'm using 4 cores to mine with, leaving 4 for my everyday use. With the variation in block reward it's hard to say exact how many xmg i'm getting per day on this system, but around 1-3 xmg. So let's say 2 xmg per day.
With the latest sell on bittrex (When i'm writing this post) was 0.00006000, so 0.00006000 * 2 = 0.00012 BTC per day * 30 (Average days per month) = 0.0036 BTC per month. Current BTC price is $360 witch gives us $1.296 per month. This is just a rough calculation and trading fees and wallet staking not included.

Code:
2 XMG * 0.00006000 BTC per XMG = 0.00012 BTC
0.00012 BTC * 30 Days =  0.0036 BTC per month
0.0036 BTC * $0.0036 = $1.296

I think the current value of XMG is very undervalued and believe this is going to raise over time with the growth of XMG. So mining for selling straight away is not profitable for me. I am investing in xmg with mining on my usually unused processing power. So here's my thoughts - Mining for profit in the short time period then it is not worth it, Mining as an investment then it is worth it.

And I'm mining XMG as an investment for the future! Wink


yes i agree XMG is very undervalued and yes minijg XMG for now is as an investment for the future.. xmg very good on algorithma and stuff.. and i think we miss some thing like marketing.. we very need marketing here to increase value

Actually I think we are missing services and the marketing that comes with those services. More services will create a wider range usage and a large and more stable platform for create magnificent marketing plans.
Agree with you completely that M7M is a very good algo and also it's very good that it is CPU only. Smiley

The reason for I'm saying more services before more marketing is the ability to use XMG thus creating value in the usage and not by marketing and thin air. Imho I think it's best to build the value with usability and support and then follow up with marketing.

By services I don't always mean spend / use XMG but it can be informational value also for ex. http://poolinfo.coinmagi.org/ and that makes it easy for users to see information about the pool and the coin in a simple way.

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November 22, 2014, 04:09:38 PM
 #4195

***Magi is altcoin of the week*** on http://blog.btcgermany.eu/

The article will be published tomorrow on our german investors page.

Hope our german clients like your coin! We from the BTC - Germany team definitely do!


If you like the article or you want to support our work please donate:

XMG: 9BCfjdC1eddHVbqiUP1YdmzivQyz75wBGT
BTC: 15AzeRGT7ekp3aXYX26ohZz1DB1NFUutca



Awesome! Gonna read that with my morning coffee tomorrow Smiley

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November 22, 2014, 04:56:17 PM
 #4196

Hello, i follow this coin for quite some time now, i follow some more but so far magi is one of the best and strongest available, and i really like the concept of cpu mining, think this is the only fair way for distribution coins in my opinion.
i buy some xmg and the are warm and nicely in my wallet as investment.
Want to start mining with my laptop but i'm really a nope is there a video fragment so i can check it out to learn how to do it.
Hope someone can help my out.

Thanks for the compliment, and kind supports.

I searched youtube and found this, hope this will help:
https://www.youtube.com/watch?v=npy1RCDrkTM

Also some more info here:
https://bitcointalk.org/index.php?topic=848697.0

Pls ask any questions you may have, we'll be glad to help.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
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November 22, 2014, 06:18:13 PM
 #4197


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


I am barely able to object to that,  Cheesy but I'd ask for kindly a 1 core mining support.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
  ♓.NΣTWORK-DΣPΣNDΣNT  RΣWARDING SYSTΣM  ※ 
  ANN THREAD MAGIPAY FAQ FORUM
.CPU Mining   PoS-II   PoM   Unique Block Reward 
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November 22, 2014, 06:20:45 PM
 #4198

***Magi is altcoin of the week*** on http://blog.btcgermany.eu/

The article will be published tomorrow on our german investors page.

Hope our german clients like your coin! We from the BTC - Germany team definitely do!


If you like the article or you want to support our work please donate:

XMG: 9BCfjdC1eddHVbqiUP1YdmzivQyz75wBGT
BTC: 15AzeRGT7ekp3aXYX26ohZz1DB1NFUutca



The XMG team appreciates the work.


  Coin MAGI  . XMG   
Coin Source : Trust Verified    [ ★ ★ ★ ★ ★ ★ ★ ]
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Arsenay
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November 22, 2014, 07:31:09 PM
 #4199


+1
in my experience
all improvements only reduces production of coins  for single processor  Wink
after 15 coins per day for 5  fx 8350
I stopped mining xmg  


I am barely able to object to that,  Cheesy but I'd ask for kindly a 1 core mining support.

I prefer to earn, rather than asking
and it was interesting to check out the principles
Well, checked ...
111magic
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November 22, 2014, 08:37:59 PM
 #4200

***Magi is altcoin of the week*** on http://blog.btcgermany.eu/

The article will be published tomorrow on our german investors page.

Hope our german clients like your coin! We from the BTC - Germany team definitely do!


If you like the article or you want to support our work please donate:

XMG: 9BCfjdC1eddHVbqiUP1YdmzivQyz75wBGT
BTC: 15AzeRGT7ekp3aXYX26ohZz1DB1NFUutca



Awesome! Gonna read that with my morning coffee tomorrow Smiley
Will sent some coins!
BTW keep on voting guys! https://www.bitspark.io/coinvoting


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