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

[thdim]

Hmmm, let me see... the miner will run at 150% cpu usage?   If you can do that, we'll call you GOD for sure 

https://www.dropbox.com/s/jbe9guk80jkgo9k/150.jpg

Cool, now i use my CPU for heating the house and save the expenses for natural gas!

[TonySon]

 

[111magic]

TonySon, whats this are they adding Magi there?

[light85bit]

Hmmm, let me see... the miner will run at 150% cpu usage?   If you can do that, we'll call you GOD for sure  

https://www.dropbox.com/s/jbe9guk80jkgo9k/150.jpg

Lol, no signs of the cpu line anymore, because its above the cap, lol  


@And thanks someone gave me 5 coins 

[111magic]

Magi keeps on growing!

https://www.rebelmouse.com/alphapointlive/

keep voting on Cryptsy.
You can also use Cryptsypoints to vote.

[111magic]

i am writing a draft i need your input please, i need some answers on that questions:

Thanks for the efforts.

- is Magi safe? is it safer than Bitcoin or other alt currencies? if yes, why?

It is hard to make the comparison. Regarding the PoM, frankly I don't know, but I'd tell PoS-II is more secure than any else. I don't want to appear to be too aggressive, but it's the design I have made up to to resolve prior issues. Please read the PoS-II section in this post: https://bitcointalk.org/index.php?topic=735170.msg9991269#msg9991269 (what are the issues and what we have tried to solve). But it's rather the argument based on what I have thought, and its validity can only be seen over time. The argument is valid as long as we don't see or think about any holes in this system.

Looking at the coin overall, we have to consider the PoM as well. The block time for PoS and PoM are 1.5 min and 3 min respectively, that means PoS dominates mostly. So I'd say, since PoS is secure, XMG is a secure coin as well. Seriously, however, we have to evaluate how secure the PoM is, and that is somehow beyond my thinking at this time, particularly I am lack of time to look into it any further. Now I do have a plan to look into the PoM and its algo (to-do list). Taking it as a serious coin, we have to be serious.

- Magi is fast (that's a fact, i have use it!), why it's so fast? how many times faster than Bitcoin? it will stay faster or it's faster because it haves smaller block-chain?

The hybrid PoW/PoS-II yields block time of 1 min in average, so it is faster than Bitcoin.

- What else is making Magi different?

Be in nature.

One may wonder why subjects existing in universe won't break apart? Because of the gravity:
https://www.youtube.com/watch?v=OiTiKOy59o4
https://www.youtube.com/watch?v=KQ13orvIb80

One may also wonder why subjects don't get crushed? Because of the repulsive forces: https://www.youtube.com/watch?v=wBziGRxsYv0

The nature is amazing.

Huge amount of energies consumed in the cryptocurrency has been a big issue, which is totally opposite to the global efforts in saving energy. This issue should be resolved sooner or later in order to advance the cryptocurrency any further. As one of the possible solutions, that's the reason we have PoS. However, the pure PoS mode would never give rise to decentralization. Any approaches are vain if decentralization cannot be maintained, unless one agrees with a coin with limited time of mining or with total premining, or the such likes. The PoW should be remained in order to distribute coins into a broad audience over time.

The basic rule of dealing with the energy concern is to involve a "braking" mechanism in coin design. Such a rule exists in every piece of things in nature: why earth/electrons should circle the sun/nucleus without collapsing or departure? or just imagine a vehicle without brakes. Bitcoin or litecoin does not put actual limits in the rewards, or that simply not functioning properly. That's where magi plugs in.  

Does anyone catch the idea in the following figure, alike the magi block reward versus difficulty, right?

Source: http://www.cambridgemedchemconsulting.com/DDResources/mol_interactions/molecular_interactions.html

The above idea is incorporated in the design of the magi, both PoW and PoS-II, and that in my view should be the crucial factor towards developing a healthy system including cryptocurrency.

Thanks for this info Joe!!

[killbillkill]

http://s10.postimg.org/5york5r49/fjhdr.jpg
i stop mining xmg 
this kh/s is overkill! with my amd 8320 i make 1 or 2 coins day. we must stop this boys...
bye bye for now 

[Spexx]

i stop mining xmg 
this kh/s is overkill! with my amd 8320 i make 1 or 2 coins day. we must stop this boys...
bye bye for now 

Yes these maniacs are killing the XMG mining scene and something has to change, but we need you to stick with us and not give up now at this critical stage. The problem is being addressed.

[111magic]

Don't worry guys.
Info about the PoM will follow asap!
All coins they mine a day I will buy and donate to the PoM.
Already donated 10.000 XMG.

[kondiomir]

Yeah. Mining XMG is difficult, but the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

[go6ooo1212]

Yeah. Mining XMG is difficult. But the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

Very well said , my friend. In fact we have huge base of rising , so this is good opportunity for every single user to participate in our campaigns... Cheers

[kondiomir]

Yeah. Mining XMG is difficult. But the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

....for every single user to participate in our campaigns...

... and not dump their coins right after they get them..


P.S. I'm really missing your old avatar of Azis, my young fellow. PLS set him again

[go6ooo1212]

Yeah. Mining XMG is difficult. But the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

....for every single user to participate in our campaigns...

... and not dump their coins right after they get them..


P.S. I'm really missing your old avatar of Azis, my young fellow. PLS set him again

You mean the King of Magic , how's that...

[z0n0]

Yeah. Mining XMG is difficult. But the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

....for every single user to participate in our campaigns...

... and not dump their coins right after they get them..


P.S. I'm really missing your old avatar of Azis, my young fellow. PLS set him again

well said kondiomir!!
don't dump ppl, just hold...soon the price will go way up. hold your xmg!

[kondiomir]

Yeah. Mining XMG is difficult. But the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VARY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

....for every single user to participate in our campaigns...

... and not dump their coins right after they get them..


P.S. I'm really missing your old avatar of Azis, my young fellow. PLS set him again

You mean the King of Magic , how's that...

Now we are speaking

[Erkallys]

i stop mining xmg  
this kh/s is overkill! with my amd 8320 i make 1 or 2 coins day. we must stop this boys...
bye bye for now  

Does those guys just know what is Magi ?

Also, any ETA for the Android miner ?

[111magic]

Not yet Erkallys! In progress!

[111magic]

The umbilical cord of the Goddess spirals down from the heavens sending the love energy of mama bear to the planet as the earth prepares to greet her with the new birth of clean energy, workable economies, peaceful cohabitation, health, and wealth.  Let the magic spring forth.

This is kind of my attempt at putting the XMG logo in a local picture around here, but I'm kind of a space cadet in case you guys haven't guessed.  

First one who figures out what mountain this is gets 55 xmg from my personal funds, however, I'm going to sleep now and it will be some time before I look for replies.  

Somebody has given the right answer yet?

[Spexx]

Yeah. Mining XMG is difficult, but the team is dealing with that with Proof of Mining, Proof of Interest and Magi World Online campaigns (and many other givaways)
So every miner is able to get more XMGs, right?

The price is VERY LOW in this moment, comparing with the low block reward and the difficulty. Actual price of XMG must be above 0.00035000 BTC at least.
So the price is gonna be ~7000-9000 sat. until more people dumping their coins.

My advise to all is- apply to Proof of Mining, Proof of Interest and Magi World Online campaigns and HOLD your coins.
Everything will be different after 2-3 mounts..

Thanks.

Pure wisdom there. Hold. Take a longer term view and be happy in the knowledge that even in the short term, we have done rather well since the dark days of January. Such strength in depth. XMG must be the most undervalued coin at the moment, poised for greatness. Look what we got already!

The umbilical cord of the Goddess spirals down from the heavens sending the love energy of mama bear to the planet as the earth prepares to greet her with the new birth of clean energy, workable economies, peaceful cohabitation, health, and wealth.  Let the magic spring forth.

This picture is still blowing my mind

Superb work.

[thdim]

you people, i don't understand why you worry so much if there are people that dump.

dump means that someone is selling XMG but also means someone is getting them in a good price (now the dumber is for sure the one that spends all this hashing power, not the average user). as far as i see the core team is determined to continue working on Magi and this is not gonna change with a 5 or 10 or 20% down, my opinion is as far as there are people working for Magi then you should really don't worry about dumping.