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

[jawitech]

Another XMG Milestone achieved: XMG listed on Bittrex 1st page in volume trading.

We were already on page 1 a few weeks ago, but great to see volume is increasing.

Thanks for adding Magi to Comkort!

a big whale dumped on you a huge amount of xmg and you call that a milestone ? 

Yeah, but at least some exposure for Magi at Bittrex and some cheap buy opportunities.

[Digithusiast]

Not such a smart whale if it was one, more like a panic sell by someone needing to cash out.
However, those of us who were smart enough to buy, have already seen the value of their XMG purchase increase.

[kiki9999]

https://i.imgur.com/UKkuLO6.png

CoinMagi has been added to Comkort exchange!
Three markets are live BTC, LTC, DOGE.

Best buy prices:
0.00006220 BTC per 1 XMG - BTC market
0.00775080 LTC per 1 XMG - LTC market
103.36666683 DOGE per 1 XMG - DOGE market

Happy & Profitable Trading!

  ,, good rate    ,,

[111magic]

Not such a smart whale if it was one, more like a panic sell by someone needing to cash out.
However, those of us who were smart enough to buy, have already seen the value of their XMG purchase increase.

Think you are right about this!!!
And yes it's good to be on page one of Bittrex!
 

[skidog]

What is the payout per block now. Mining...What can i expect per I7 cpu?

[joelao95]

Yes, lots of trading and lots of great buying opportunities happening. I wondered; on https://chainz.cryptoid.info/xmg/#!crypto it says:
Wallet Version v1.2.0.3-magi (protocol 71040)

The latest wallet downloadable wallet via http://www.coinmagi.org/ is v1.2.0.2 and the latest version mentioned in the OP is v1.2.0.1
Could all wallet downloads and download links be updated to the latest version?

We have some minor changes added to the code, that is the difference between .2 and others. There is no difference using v1.2.0.1, but I will get the latest wallet compiled for windows. The git code is always the latest version.

[joelao95]

What is the payout per block now. Mining...What can i expect per I7 cpu?

The wallet has a built-in mining calculator, example

Code:

getminingbykhps 10

The dynamic reward is very much dependent on the difficulty.

Check pool information: http://poolinfo.coinmagi.org/

[joelao95]

The big sell right after the hard fork is very out of expectation. Is there any relation to the hard fork? I appreciate any opinions regarding the PoW and PoS-II upon hardfork, so that we may take care of those in the future. But I'd rather touch it unless that is very much needed. To be clear of my situation: I don't see any possibility to change the PoW algo, but rather could do some types of forks other than that if necessary. We'll live with the algo, hardfork of it is totally a pain, to me, pool operators, and anyone else.

Well, speaking of yesterday trading, it's more like panic, that's never be clever trading not only to cryptocoins but also to any other types of investments; or whoever just don't know how to trade. People should be aware that's very like in the scope of p&d if we speak from another point of view, both selling and buying may cause loss. Pump triggers panic buying, and panic selling in dumping; who is the beneficiary? But you never know the actual situation and there could be dozens of reasons that explain the incident.

It's very understandable that cryptocoin is more like types of investment. Dev / team delivers somethings, and then price rises; most people expect this before going into it. This mode just repeats itself again and again, and nearly that's the origin of scams. Surely time has changed since the day bitcoin is the only one. Tricks are needed to get into main stream, even though that's not the right way. Everyone lives with this fact, though that's unlikely the right way. Seriously cryptcoin does not need investors who keep stocking coins and then selling, but rather more generic people. What a mess thinking, whatever!

As for XMG, something to say, it's my personal opinions, unless the community has grown big enough that my role is trivial, just to try to remove possible concerns regarding the future of XMG for one who is holding coins. I am not taking XMG "seriously" (I meant "not taking" does not mean no longer doing ) as it is not my intention to live on it, though I have invested most of time in it. Rather I have a real job and have no plan to quit it. This kind of "hobby"-like my investment in XMG can hold me in the long run. You know the feeling when creating something you'd be eager to see how that effects the other parts in this world, the crptostuffs. There is no promise to hold a coin into any longer duration, but believe in some facts and yet I barely see I seriously gave up something in the past.

p.s., someone got my buy order filled at 4k.

[Spexx]

Heads-up for anyone thinking of using Betasharex exchange.

Just don't.

I sent some coins to them for trading. They did not appear in my account. I double-checked the address I sent them to was correct. I raised a support ticket. Now over 21 hours later I have no reply.

I am branding this lot as a bunch of crooks. Fortunately I only sent a small amount of coins initially as a "tester", but it is enough to be really annoyed about.

On another note, whoever dumped a load of XMG in one go last night was an idiot, selling at ridiculous low prices (to people like me) when there was better value to be had elsewhere. The reaction in the market is entirely predictable. Cheap XMG to be bought at the moment folks. Get in (but not at Betasharex).

[wgd]

I think the nerves gave way someone wanted to take advantage of growth wymienicna btc and fiat money. Bid a little worried state, after a5000 is the promotion price

[The Frisian]

I think the nerves gave way someone wanted to take advantage of growth wymienicna btc and fiat money. Bid a little worried state, after a5000 is the promotion price

The dumping is still going on....

[joelao95]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?  ....

[jawitech]

Tomorrow is friday and friday is for some pump and dump groups to starting point. So either there is someone trying to dump the price in order to accumulate to a bargain price or in need of BTC for pumping another coin.

There COULD be a correlation to the PoS change as some whales probably got a nice stake they want to cash out. Nothing new for PoS coins. Don't be scared, Magi is strong enough to recover and this provides us a good opportunity to buy cheap.

Heads-up for anyone thinking of using Betasharex exchange.

Just don't.

I sent some coins to them for trading. They did not appear in my account. I double-checked the address I sent them to was correct. I raised a support ticket. Now over 21 hours later I have no reply.

I am branding this lot as a bunch of crooks. Fortunately I only sent a small amount of coins initially as a "tester", but it is enough to be really annoyed about.

On another note, whoever dumped a load of XMG in one go last night was an idiot, selling at ridiculous low prices (to people like me) when there was better value to be had elsewhere. The reaction in the market is entirely predictable. Cheap XMG to be bought at the moment folks. Get in (but not at Betasharex).

Thanks for sharing, Spexx. I'm gonna contact them immediately in order to resolve this issue. Could you please PM me the TXid?

[djm34]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?   ....

don't think it is related there are a few large wallet which can always dump a bit:
https://beta.bittrex.com/Market/?MarketName=BTC-XMG

[cakir]

Heads-up for anyone thinking of using Betasharex exchange.

Just don't.

I sent some coins to them for trading. They did not appear in my account. I double-checked the address I sent them to was correct. I raised a support ticket. Now over 21 hours later I have no reply.

I am branding this lot as a bunch of crooks. Fortunately I only sent a small amount of coins initially as a "tester", but it is enough to be really annoyed about.

On another note, whoever dumped a load of XMG in one go last night was an idiot, selling at ridiculous low prices (to people like me) when there was better value to be had elsewhere. The reaction in the market is entirely predictable. Cheap XMG to be bought at the moment folks. Get in (but not at Betasharex).

They're charging 20 times of btc withdrawal fee. 0.002 btc. it's outrages.
When I saw it, I withdrew all my coins from there.

[djm34]

Tomorrow is friday and friday is for some pump and dump groups to starting point. So either there is someone trying to dump the price in order to accumulate to a bargain price or in need of BTC for pumping another coin.

There COULD be a correlation to the PoS change as some whales probably got a nice stake they want to cash out. Nothing new for PoS coins. Don't be scared, Magi is strong enough to recover and this provides us a good opportunity to buy cheap.

Heads-up for anyone thinking of using Betasharex exchange.

Just don't.

I sent some coins to them for trading. They did not appear in my account. I double-checked the address I sent them to was correct. I raised a support ticket. Now over 21 hours later I have no reply.

I am branding this lot as a bunch of crooks. Fortunately I only sent a small amount of coins initially as a "tester", but it is enough to be really annoyed about.

On another note, whoever dumped a load of XMG in one go last night was an idiot, selling at ridiculous low prices (to people like me) when there was better value to be had elsewhere. The reaction in the market is entirely predictable. Cheap XMG to be bought at the moment folks. Get in (but not at Betasharex).

Thanks for sharing, Spexx. I'm gonna contact them immediately in order to resolve this issue. Could you please PM me the TXid?

betasharex is based on the scam coin exchange sharex (sharecoin), they disappeared with all people fund.
I can't believe that anyone trust an exchange which looks exactly the same and has the same name apart from the "beta" part.

[The Frisian]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?  ....

What has actually been changed? (in a few words please)

[djm34]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?  ....

What has actually been changed? (in a few words please)

not much...

[Spexx]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?  ....

What has actually been changed? (in a few words please)

Very little.

The POW (mining) algo has not changed. The block reward system has been tweaked to smooth-out wild fluctuations in the difficulty and to allow for steady future growth. The maximum and minimum block rewards are still 50 and 3 respectively. I liked POW pretty much as it was, but now it is actually better. When the big miners finally get the message that throwing more than about 250 Kh/s at this coin is counter-productive, we should see the return of larger block rewards and it will be better for everybody.

The POS II has been tweaked a bit to discourage very large holdings in a single wallet and to encourage sizeable transactions. I like POS II. My net earnings from POS mining have not changed since the hard-fork.

From my point of view anyway, it is much the same as it was, only better. You still have to work smart, not hard. I love this coin

[djm34]

so I am wondering those people are likely uncomfortable with the hard fork and the new form of PoW and PoS-II?  ....

What has actually been changed? (in a few words please)

Very little.

The POW (mining) algo has not changed. The block reward system has been tweaked to smooth-out wild fluctuations in the difficulty and to allow for steady future growth. The maximum and minimum block rewards are still 50 and 3 respectively. I liked POW pretty much as it was, but now it is actually better. When the big miners finally get the message that throwing more than about 250 Kh/s at this coin is counter-productive, we should see the return of larger block rewards and it will be better for everybody.

Still not convinced by this one... If you decrease by a factor 2 your hashrate, you will most likely end up with 2x less coins...