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Author Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay]  (Read 2375190 times)
jawitech
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December 20, 2014, 02:22:11 AM
 #4621

thanks , will go on mining

Join our IRC channel for some XMG rain :-)

https://kiwiirc.com/client/irc.freenode.net/#magi
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1713458591
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halfnode
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December 20, 2014, 03:07:23 AM
 #4622

https://www.digitalocean.com/

free $10 credit for vps mining for those interested.

Please don't do refcode spamming in this thread. Additionally Digital Ocean isn't the best choice for VPS mining. You get more power at Vultr.com for the same amount of $ and can also pay with BTC. Anyway, thanks for your suggestion.

When suggesting VPS mining, please also link to the VPS mining guide located here https://bitcointalk.org/index.php?topic=735170.msg8800103#msg8800103

sorry, just removed the ref code, just thought i could share the credits after they sent me another $5 after i deactivated it.
Jerrietg
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December 20, 2014, 03:09:52 AM
 #4623

XMG is a good coin that make other coin shame Wink
Spexx
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December 20, 2014, 03:13:57 AM
 #4624

i use my pc mining this coin , 8 cores only mine 1.3XMG  Sad

Over how much time and through which mining pool(s)?

jawitech
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December 20, 2014, 04:13:37 AM
 #4625

sorry, just removed the ref code, just thought i could share the credits after they sent me another $5 after i deactivated it.

No problem but in the VPS tutorial there's already a reflink from our developer in order to get initial credits.
I just wanted to stop ref code spamming as the last 2 days there are some guys spamming each thread at BCT with their ref codes.
jawitech
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December 20, 2014, 04:14:31 AM
 #4626

XMG is a good coin that make other coin shame Wink

Nice to hear. Don't hesitate to spread the word Wink
jawitech
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December 20, 2014, 04:59:21 AM
 #4627

Don't forget, there's another exchange that listed XMG/BTC. No volume yet, so let's change it.

https://lazycoins.com/trade#xmg-btc
111magic
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December 20, 2014, 09:29:19 AM
 #4628

XMG is a good coin that make other coin shame Wink

Thanks and welcome in the great Magi community!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
kondiomir
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December 20, 2014, 11:03:50 AM
 #4629

Don't forget, there's another exchange that listed XMG/BTC. No volume yet, so let's change it.

https://lazycoins.com/trade#xmg-btc

Lazycoins looking good. Going to try it.
oVPN
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December 20, 2014, 03:26:40 PM
 #4630

Can anyone explain the Blocks 1-11?

https://bchain.info/XMG/block/1 (112500 XMG)
...
https://bchain.info/XMG/block/11 (112500 XMG)

What is meant with swap?

oVPN.to Anonymous Services
111magic
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December 20, 2014, 04:02:46 PM
 #4631

Pls. Take the time to read the first page of this thread! All information is there.

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
111magic
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December 20, 2014, 04:14:38 PM
 #4632

We worked hard the last time, to make Magi more successful than is already was before. And we're not finished yet, as there are so many ideas and concepts in our minds to make Magi one of the top coins in (not only) 2015.

A quick overview of the recent Magi development:

- We were able to increase our community, getting many new miners and fans
- Additional pools were launched
- Getting listed on several exchanges with average volume > 1 BTC
- Price increased from about 5-6k sat. to 9-10k sat., remains stable.
- Our developer Joe Lao got a 7 * rating at http://www.coinssource.com/trust-index/magi-xmg/
- A multipool was launched, you can mine algos like Scrypt, SHA256, X11 and others with your GPUs and ASICS and get paid in XMG. Additionally it helps getting a stable price.
- You can rent a miner at https://www.miningrigrentals.com/rigs/m7m
- ex33s created a paper wallet generator http://paperwallet.coinmagi.org
- Poolinfo with summarize http://poolinfo.coinmagi.org developed by ex33s
- We got some additional exposure due to new articles in crypto magazines and blogs
- Spexx was able to improve the miner software several times to increase the hashing power for your CPUs
- 111magic got us accepted at several important crypto services
- We were able to welcome our first merchants where you can spend your XMG
- You can buy XMG with FIAT (several currencies and payment methods like credit card or bank transfer) at https://www.litebit.eu/home/xmg/en/
- Business owners can now accept payments in XMG via https://cointopay.com and https://www.litepaid.com
- Magipay, a standalone Payment Gateway, will be launched soon

Like you can see in our roadmap, there are more features that we would like to develop. But as Magi didn't have ICO/IPO, there are limited funds available. So we need you, the community, to help us making Magi more than just another altcoin. Lots of altcoins are dying due to lack of interest or disappearing developers. We are here to stay and working hard to make Magi a real alternative as a payment method. The real world adoption has just started and there's still a long way to go. No matter if you are a miner, a trader, an investor or just a fan. Everyone can participate in the success of this great coin.

There are 3 ways to donate

XMG:  95V9eZnrghtEriGUhBwwEuqMbDm1HBJ58u (only for marketing purposes)
BTC:  188AmugttD1jfy2xYNy6muTzVzYha1JEuq (for development)
LTC:  Lba3T9NUWcTi2VrKWxtXAT4ypnFGV5ojLC (for development)

Furthermore we always appreciate people spreading the word about Magi, on Twitter, on Facebook, talking to your friends and family, contacting crypto sites and blogs or whatever idea you have. If you have ideas how to make Magi more successful, don't hesitate to contact us (Joe Lao, 111magic or myself). If you need help with your wallet or your miner, just post it here.

I'd like to thank Joe Lao, 111magic, Sam Walters, Spexx, ex33s, our pool operators, our merchants, everyone mining Magi, everyone who invested some money in Magi and everyone else spreading the word, supporting Magi in any kind. You've done awesome work, more and more people out of this community start to realize it!

Thanks for taking time reading this.

Good text!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
111magic
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December 20, 2014, 04:21:43 PM
 #4633

Thanks for the comments, Pete, glad to see that reaction.

To the MagiCommunity, we'll keep going; however, I have to mention that it is necessary to use funds to support developing the MagiPay. Costs include, for example, renting a dedicated server for the BTC/fiat-XMG exchange; we also have ideas other than the MagiPay, which, unfortunately, heavily relies on the dedicated server too; as always, I am only able to talk details when I can foresee the implementation. If anyone is able to throw us a donation, here are the donation address:

XMG:  95V9eZnrghtEriGUhBwwEuqMbDm1HBJ58u
BTC:  188AmugttD1jfy2xYNy6muTzVzYha1JEuq
LTC:  Lba3T9NUWcTi2VrKWxtXAT4ypnFGV5ojLC  

Hi Joe, I have had some very bad experiences with donating, but I trust you to use this donation as intended. Minutes ago I have transferred 0.5 BTC to you for MagiPay. Cheers.

    Address: 188AmugttD1jfy2xYNy6muTzVzYha1JEuq
    TxId: af28477fbfe212110b8800f2edbd5e052056e0cda819739e947a3eff750276c9



Thanks, Digithusiast. This is really a huge support. I'll make sure all the funds go into the MagiPay project.

Great to see this! With the help of the great Magi community, success will only be bigger!!! Smiley

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
go6ooo1212
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December 20, 2014, 06:14:03 PM
 #4634

just installed a new signature
joelao95 (OP)
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December 20, 2014, 07:41:30 PM
 #4635

Can anyone explain the Blocks 1-11?

https://bchain.info/XMG/block/1 (112500 XMG)
...
https://bchain.info/XMG/block/11 (112500 XMG)

What is meant with swap?

Some notes here:

I believe everyone who liked magi should be aware of its history. Here it is if you didn't come across yet.

11 blocks premined, totally: 1,237,505 XMG
We burned: 720,000 XMG (https://bchain.info/XMG/addr/93m4hAxmCcGXMfnjVPfNhWSjb69sDziGSY, https://bitcointalk.org/index.php?topic=735170.msg9475622#msg9475622)
Coins used to push PoM campaign: 112,505 XMG (https://bitcointalk.org/index.php?topic=802681.0)

So remaining coins are: 404,995 (1.65%); how they are spent:

Coin swap: 233,319 XMG (0.93%)
Leftover: 171,676 XMG (0.69%)

1) Coin swap: 233,319 XMG (0.93%)

Magi is not a project starting from scratch; I've been working with an old coin project (https://bitcointalk.org/index.php?topic=548368.0); that's where I started with my crypto journey (before that I was pretty a regular trader). The old coin is nothing special when I looked back from now, but it was where I started, step by step and here is where we are. I kept up with that project with all my efforts like what I did now until realizing something critical missing, and I've been working with a new algo from then. Everyone followed this thread knew what magi it is right now is not like what we were at the beginning. So that's how things are evolved in nature; that's pretty lucky to me and to magi. In simple, magi is a continue of the old coin which was rather abandoned, but being offered with the coin swap option (16:1). This thing was never easy to be done than just said. There were many discussions before and after launch; people get sensitive when talking about it but we have to if magi wants to be something. We'd like to clarifying it and finding solutions rather than just complaints; a few threads are as follows (many more can be found if one wants digging up, that's a main topic in the past):

https://bitcointalk.org/index.php?topic=821170.0
https://bitcointalk.org/index.php?topic=735170.msg8950501#msg8950501
https://bitcointalk.org/index.php?topic=735170.msg9111697#msg9111697

The basic rule of swap: Total coins swapped/Coins in circulation ~ 10% or less

The current status: (151,313.7149 XMG swap already done)
The swap has been undergoing few months and it appears that it will carry on with months till it ends in order to minimize it's impact.

 Total coins swapped
-----------------------------  =  10.7 %
 Coins in circulation

2) Bounties (171,676 XMG, 0.69%) - promotion (givaway + bounties for community members' contribution), staff salary

It's not that easy to maintain this effort consistently which is very much dependent on the timing. The bounties spent does sound "significant" at the beginning. For example, we spent nearly 10,000 XMG for translation. I believe it more or less sounds unfair to people participating in this coin at the beginning compared to being in right now, but that's really how things get going. Also, we have a few people who work for magi; we can't reach here without their efforts and thus they must be compensated.

The current situation is updated here:
https://bitcointalk.org/index.php?topic=735170.msg9475622#msg9475622

Poloniex (by MobyDick_Poloniex) holds all of coins, remaining escrow balance is: 224900.46000000  XMG (including swap coins, PoM campaign, bounties)
(see also https://bitcointalk.org/index.php?topic=802681.msg9818524#msg9818524)

Just let me know anything you all think of.


  Coin MAGI  . XMG   
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111magic
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December 20, 2014, 09:20:34 PM
 #4636

just installed a new signature

Nice I also want that one!

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
kondiomir
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December 20, 2014, 09:24:44 PM
 #4637

Pls all loyal to XMG to change signature with this:

Code: (signature)

[b][url=https://bitcointalk.org/index.php?topic=735170.0/]Proud to be a member of [color=blue]Magi XMG[/color] community. 1st PoS-II |1st PoM | M7M CPU only. Come and join us![/b]

111magic
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December 20, 2014, 09:28:44 PM
 #4638

Yea just added the signature! Nice!! Grin

bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
go6ooo1212
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December 20, 2014, 09:30:24 PM
 #4639

Pls all loyal to XMG to change signature with that:

Code: (signature)

[b][url=https://bitcointalk.org/index.php?topic=735170.0/]Proud to be a member of [color=blue]Magi XMG[/color] community. 1st PoS-II |1st PoM | M7M CPU only. Come and join us![/b]


Its nice looking signature , my friend thanks ...
xms
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December 20, 2014, 09:55:06 PM
 #4640

Pls all loyal to XMG to change signature with that:

Code: (signature)

[b][url=https://bitcointalk.org/index.php?topic=735170.0/]Proud to be a member of [color=blue]Magi XMG[/color] community. 1st PoS-II |1st PoM | M7M CPU only. Come and join us![/b]


Its nice looking signature , my friend thanks ...

so here is a post with my new signature.

XMG: 9Dqt2gQz5iNFFsMiFS3ftDd486RQQFW9Sx ,  BLE: JTk35RjRPD5wUzRRRUEb6t84QRvJKkfeFz
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