K1lo
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Moar mining!!! .. oh wait, that's too much
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June 21, 2015, 08:42:06 PM |
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Not bad. You should get around 0.25 XMG per day when staked correctly  Spexx could you elaborate on this ? For me staking just means having the symbol green on my client  |
Developer, tinkerer, miner, coin holder, hopelessly amateurish trader
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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Spexx
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Activity: 350
Merit: 250
Mining Co-operative
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June 21, 2015, 09:30:31 PM |
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Not bad. You should get around 0.25 XMG per day when staked correctly Spexx could you elaborate on this ? For me staking just means having the symbol green on my client That is certainly an indicator, but to stake efficiently you need to send all your coins to yourself roughly every month, otherwise they become "stale" and will carry very little weight. After you have sent all your coins to yourself, over the next two weeks you will observe the stake weight rising to a maximum which is around twice the number of coins in the wallet, then it will decline again over the following two weeks. The frequency with which POS rewards are received increases over the initial two weeks, then declines over the following two weeks. If the wallet contains a lot of coins, it may not be possible to send all the coins to itself in one transaction. This simply means that the coins have to be split into multiple transactions. Allow a time delay of several minutes between multiple transactions to avoid a build-up in transaction fees. I found in practice that it can be more convenient to run two (or more) wallets and send coins from one to the other, rather than sending coins to itself which might involve using the advanced coin control features provided in the wallet. Keeping it simple avoids confusion. |
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inspiron
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Activity: 110
Merit: 10
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June 21, 2015, 09:35:26 PM |
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Not bad. You should get around 0.25 XMG per day when staked correctly Spexx could you elaborate on this ? For me staking just means having the symbol green on my client That is certainly an indicator, but to stake efficiently you need to send all your coins to yourself roughly every month, otherwise they become "stale" and will carry very little weight. After you have sent all your coins to yourself, over the next two weeks you will observe the stake weight rising to a maximum which is around twice the number of coins in the wallet, then it will decline again over the following two weeks. The frequency with which POS rewards are received increases over the initial two weeks, then declines over the following two weeks. If the wallet contains a lot of coins, it may not be possible to send all the coins to itself in one transaction. This simply means that the coins have to be split into multiple transactions. Allow a time delay of several minutes between multiple transactions to avoid a build-up in transaction fees. I found in practice that it can be more convenient to run two (or more) wallets and send coins from one to the other, rather than sending coins to itself which might involve using the advanced coin control features provided in the wallet. Keeping it simple avoids confusion. what Actual POS reward rate in % Monthly or yearly |
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Spexx
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Merit: 250
Mining Co-operative
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June 21, 2015, 10:22:20 PM |
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what Actual POS reward rate in % Monthly or yearly
Roughly 2% equivalent APR which is non-inflationary and better than nothing. |
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111magic
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June 21, 2015, 10:30:14 PM
Last edit: June 22, 2015, 03:58:56 PM by 111magic |
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Magi XMG Proof of Interest II 2015 Launch 01-08-2015 Coin of the Magi the next generation digital currency! twitter @103tango Banks do give interest but not very much! Magi does this better!
The Coin of the Magi is the digital currency of the future, fair unique and for all people living everywhere!
Rules for the Magi Proof of Interest II 2015!The base is very simple.
Time period: The Proof of Interest will last two months.
When can I register to participate? Registration will be open: 01-07-2015
How do I sign up? Tell me that you want to join the PoI here: http://bitcoingarden.tk/forum/index.php?topic=3990.msg93574#msg93574 Registration is done by posting your XMG address replying here on Bitcoingarden or PM me here or in bitcoingarden.tk, cryptotalk.us, cryptos.us, cryptocointalk.com & altcoinsfoundation.com
What information should I include? Write your participating wallet XMG address in a reply here: http://bitcoingarden.tk/forum/index.php?topic=3990.msg93574#msg93574 (only one address allowed to join, all addresses will be made public at the end of registration in interest of fairness of the campaign.)
(only one address a person allowed to join)
The team will check the address's initial balance, and that balance will start participating in the PoI. (After confirmation participant)
When will I receive my interest? Interest will be paid on 01-10-2015
What happens if I have more XMG in my wallet on 01-10-2015? You will receive interest on the amount present in your wallet on that date. (Advantage participant)
What happens if I have less XMG in my wallet on 01-10-2015?
You will not receive any interest from campaign, if your initial balance has decreased more than 15% at the campaigns end! (Drawback participant)
What happens if I XMG have used to pay for goods? This has no negative effect on your interest. (Receipt required)
How will be interest distributed? The interest will be distributed by means of a specific calculation. This can be influenced by the number of participants, level of the fund and total number of coins that participate.Team will check addresses random and record the coins in that address. Based on that the interest calculation will be done!
Who will pay the interest for this Proof of Interest campaign? I received the donation of 25,000 XMG.
(For the second time! Love this guy)
On his request, the donor will remain anonymous! Payouts will be done by me.
Interest will be paid to the designated address wallet.
Changes of participating address during the Proof of Interest is possible only once per user in the two months period (changing is not advisable, though).
Exchanges or wallet address on an exchange are excluded from participation.
NOTE: The team reserves it's right to send a warning to a drawback member, that his balance is decrease more than 15% on their regular random balance checks.
If you have questions don't hesitate just ask me.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Spexx
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Activity: 350
Merit: 250
Mining Co-operative
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June 21, 2015, 10:56:49 PM |
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On the bitcoingarden page, no "reply" button appears so I cannot post anything there  |
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111magic
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Merit: 1005
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June 21, 2015, 10:59:54 PM |
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On the bitcoingarden page, no "reply" button appears so I cannot post anything there Amigo registration will be open at 01-07-2015! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Spexx
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Activity: 350
Merit: 250
Mining Co-operative
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June 21, 2015, 11:06:44 PM |
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On the bitcoingarden page, no "reply" button appears so I cannot post anything there Amigo registration will be open at 01-07-2015! Now why didn't I think of that? Lol  |
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inspiron
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June 21, 2015, 11:25:39 PM |
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what Actual POS reward rate in % Monthly or yearly
Roughly 2% equivalent APR which is non-inflationary and better than nothing. Thank you, so what ideal Amount of block size for stake, i'm plan to invest FEW BTC |
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Spexx
Sr. Member
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Activity: 350
Merit: 250
Mining Co-operative
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June 21, 2015, 11:46:57 PM |
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what Actual POS reward rate in % Monthly or yearly
Roughly 2% equivalent APR which is non-inflationary and better than nothing. Thank you, so what ideal Amount of block size for stake, i'm plan to invest FEW BTC A few BTC? Would that explain the large build-up on the buy side at Bittrex today?  I am not sure if there is an "ideal" amount to have in one's wallet. More is always good of course. I have run experiments with 1000 XMG and up to 50,000 XMG in one wallet and the return seems consistent at 2% equivalent APR provided that the staking is carried out correctly as described above. I understood that large holdings were supposed to generate less reward, but this does not seem to be the case. My next experiment will be with 100,000 XMG in one wallet. All donations for this noble experiment will be very much appreciated ... not there yet |
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S3cco
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June 22, 2015, 10:57:22 AM |
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111magic
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June 22, 2015, 03:56:41 PM |
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Great S3cco. Thank you very much for supporting our Magical Magi community! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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ElMacho20000
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June 22, 2015, 04:20:25 PM |
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Great, 25k magi for the 2nd PoI, let's hope some investor build those number up! I have run experiments with 1000 XMG and up to 50,000 XMG in one wallet and the return seems consistent at 2% equivalent APR provided that the staking is carried out correctly as described above. I understood that large holdings were supposed to generate less reward, but this does not seem to be the case. My next experiment will be with 100,000 XMG in one wallet. All donations for this noble experiment will be very much appreciated ... not there yet For science of course!! |
Proud and humble member of MAGI community.
95Pyk32MRzSaMsv2hmzxu9NSxnydUQDgxG
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111magic
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Merit: 1005
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June 22, 2015, 05:08:35 PM |
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Nice Spexx! lol Here is the link of the Proof of Interest campaign here on Bitcointalk. There are also topics on Cryptos.us, Altcoinsfoundation, Cryptocointalk, Cryptotalk.us and Bitcoingarden. https://bitcointalk.org/index.php?topic=1096217.0 |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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Spexx
Sr. Member
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Activity: 350
Merit: 250
Mining Co-operative
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June 22, 2015, 05:36:54 PM |
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Great, 25k magi for the 2nd PoI, let's hope some investor build those number up! I have run experiments with 1000 XMG and up to 50,000 XMG in one wallet and the return seems consistent at 2% equivalent APR provided that the staking is carried out correctly as described above. I understood that large holdings were supposed to generate less reward, but this does not seem to be the case. My next experiment will be with 100,000 XMG in one wallet. All donations for this noble experiment will be very much appreciated ... not there yet For science of course!! All in the name of Science! I realize that staking at such high levels means that there is a risk of spontaneous combustion. There is even a finite probability of generating a quantum singularity or mini black hole and the entire Earth could disappear as the fabric of space-time is torn apart, but it's a risk I'm willing to take for the sake of mankind. I also need to perform the experiment as part of my dissertation for a PhD in Avarice. |
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111magic
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Activity: 1750
Merit: 1005
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June 22, 2015, 05:48:57 PM |
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Great, 25k magi for the 2nd PoI, let's hope some investor build those number up! I have run experiments with 1000 XMG and up to 50,000 XMG in one wallet and the return seems consistent at 2% equivalent APR provided that the staking is carried out correctly as described above. I understood that large holdings were supposed to generate less reward, but this does not seem to be the case. My next experiment will be with 100,000 XMG in one wallet. All donations for this noble experiment will be very much appreciated ... not there yet For science of course!! All in the name of Science! I realize that staking at such high levels means that there is a risk of spontaneous combustion. There is even a finite probability of generating a quantum singularity or mini black hole and the entire Earth could disappear as the fabric of space-time is torn apart, but it's a risk I'm willing to take for the sake of mankind. I also need to perform the experiment as part of my dissertation for a PhD in Avarice. Haha you are our Magi hero!! BTW Magi passed another coin on Cryptsy coinvoting!! Magi is now on spot 11! Keep up the voting and lets bring Magi in the top 10 there!! https://www.cryptsy.com/coinvotesBTW little sad for orangecoin because they paid a lot for their votes! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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fartbags
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Merit: 1004
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June 22, 2015, 06:59:48 PM |
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XMG is the best coin ever!
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111magic
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Activity: 1750
Merit: 1005
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June 22, 2015, 07:04:46 PM |
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XMG is the best coin ever!
Thanks for the nice words! Welcome in our Magical Magi community! |
bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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