Datsaja
Newbie
 Offline
Activity: 15
Merit: 0
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June 19, 2015, 04:15:19 PM |
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It really is a shame that these people spoil it for everybody. Excessive hashrates like that should be pointed at the XMG multipool, not at the XMG blockchain.
i think that this is the point, why pools didnt do it?, they need something really complicated to apply it or what? i think most of us will agree if all pools do it, yes? something like put some type of khs top. I am pretty sure that those who have those Hashdozers just lean back and laugh at the people who mine the dust then. Classic "I have enough get more and laugh at those with less" behavior and very very poor xD I hope those blockbrakers read our posts and might recognize that its just Childish and stupid what they do  |
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The Frisian
Legendary
Offline
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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June 19, 2015, 04:35:24 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
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Datsaja
Newbie
Offline
Activity: 15
Merit: 0
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June 19, 2015, 04:54:41 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
And you are Happy to support Dumping? Wow...Thats not very Magi |
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The Frisian
Legendary
Offline
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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June 19, 2015, 04:58:35 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
And you are Happy to support Dumping? Wow...Thats not very Magi I suppose that's called buy support, not dump support. If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat. |
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 19, 2015, 05:32:19 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
And you are Happy to support Dumping? Wow...Thats not very Magi I suppose that's called buy support, not dump support. If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat. Its Magi! Guess I missed this chance to buy some XMG cheap! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Spexx
Sr. Member
Offline
Activity: 350
Merit: 250
Mining Co-operative
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June 19, 2015, 05:43:13 PM |
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By absolute chance, I watched it happen. 20K XMG sold in a flash.
I only checked in to Bittrex briefly (I don't use it) and had just read the sell price and then looked at the buy price ... which dropped like a stone in a second. I had to rub my eyes and check the url and reload the page before I believed it.
There was a small sell panic on the other exchanges, which was mopped up easily.
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Spexx
Sr. Member
Offline
Activity: 350
Merit: 250
Mining Co-operative
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June 19, 2015, 05:53:04 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
And you are Happy to support Dumping? Wow...Thats not very Magi I suppose that's called buy support, not dump support. If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat. Good solid buy support. Heroic in fact. Very well done. |
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The Frisian
Legendary
Offline
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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June 19, 2015, 06:47:52 PM |
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Its Magi! Guess I missed this chance to buy some XMG cheap!
Well, put a few btc around 6000 now. Maybe there's still someone around who wants to dump. Otherwise it will keep the price above 6000. I'm out of btc for the moment. (or should sell my bag of NAVs) Thanks Spexx. |
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 19, 2015, 06:57:27 PM |
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Its Magi! Guess I missed this chance to buy some XMG cheap!
Well, put a few btc around 6000 now. Maybe there's still someone around who wants to dump. Otherwise it will keep the price above 6000. I'm out of btc for the moment. (or should sell my bag of NAVs) Thanks Spexx. Nice The Frisian! Magi is happy to have people like you in our community! Sort of value-preserver !! Thanks amigo. |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Masked_Immortal
Member
Offline
Activity: 67
Merit: 10
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June 19, 2015, 07:21:03 PM |
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today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...
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Spexx
Sr. Member
Offline
Activity: 350
Merit: 250
Mining Co-operative
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June 19, 2015, 07:38:50 PM |
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today i checked magi diff for first time, so i noticed a considerable difference between pow and pos difficulty, i know mining in pos is more profitable
but this big difference is confusing for me?!
a little help plz...
Hi, The proof-of-work mining is much more difficult than the proof-of-stake mining. You need some good hashing power with the program minerd.exe to earn some XMG from proof-of-work mining. The hashing power for proof-of-stake mining comes from the XMG wallet when opened for staking and does not need to do much work to mine a proof-of-stake block. A proof-of-stake block is worth a lot less than a proof-of-work block. There is symmetry for you |
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 19, 2015, 08:35:44 PM |
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 Info and rules for the awesome Proof of Interest II 2015 will be posted this weekend! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Lightsplasher
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June 19, 2015, 08:38:48 PM |
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Wow, someone dumped 20K of his coins at bittrex.
I was the lucky one who got 6K of them.
And you are Happy to support Dumping? Wow...Thats not very Magi I suppose that's called buy support, not dump support. If I didn't buy this much, the price would now be around 5000 sat instead of 6000 sat. Good solid buy support. Heroic in fact. Very well done. One of my dump, err buy support orders got filled too. I've taken the goodness home and am staking interest in the wallet.  |
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Spexx
Sr. Member
Offline
Activity: 350
Merit: 250
Mining Co-operative
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June 19, 2015, 09:11:19 PM |
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One of my dump, err buy support orders got filled too. I've taken the goodness home and am staking interest in the wallet. Three cheers for that too! I think there might be some more along soon. Dunno. There is a lot for sale right now. |
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The Frisian
Legendary
Offline
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
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June 19, 2015, 09:43:59 PM |
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One of my dump, err buy support orders got filled too. I've taken the goodness home and am staking interest in the wallet.  Staking is fun! |
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K1lo
Full Member
Offline
Activity: 151
Merit: 100
Moar mining!!! .. oh wait, that's too much
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June 20, 2015, 10:36:41 AM |
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Yes it is   Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days  |
Developer, tinkerer, miner, coin holder, hopelessly amateurish trader
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 20, 2015, 10:53:30 AM |
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Yes it is Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Lol always nice to see a reader ( lurker) join our Magical Magi community! Welcome k1lo! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Spexx
Sr. Member
Offline
Activity: 350
Merit: 250
Mining Co-operative
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June 20, 2015, 11:56:35 AM |
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Hey fellow Magi guys and gals. Long time lurker here - I've finally registered Spexx I wanted to ask, where did you get that screenshot? Up to now I've pretty much just been mining and selling my XMG but might start staking properly now... in the past on a few hundred XMG I'd only see fractions of an XMG every few days Hi there and welcome to this Magical community. That screenshot comes from https://chainz.cryptoid.info/xmg/#!extractionA few hundred XMG does not carry a lot of weight, even when staked efficiently, so you will need a fair bit more XMG to start seeing more regular POS payouts. You need something in the region of 20K XMG to get about 1 XMG per day from staking. When you have that much staking correctly, the constant notifications about incoming transactions become a nuisance |
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