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

[kondiomir]

Buying cheap on trex

[feldenthorne]

Here's my video for Coin Magi : https://www.youtube.com/watch?v=BEAlIAPoAZ4. It's in French but partially-translated to English. I'll finish to translate it until I have time to do so, probably tomorrow.

Finally watched this - seems like a good tutorial, but I have a few things to point out if you're still planning on doing a little more work on it:

• There are quite a few misspelled words in the EN-UK subtitles (uin=in, luanch=launch, etcetera)
• At about 6:30, you deleted the threads parameter from the minerd batch filebut I think you called it the intensity parameter in the voiceover... but I'm not sure if I misunderstood what you said because you were speaking more quickly that I can translate. Just didn't hear anything about fils/filetages
• Although it was kind of funny that you totally forgot where the minerd zip was in your video, you should probably cut that part
• Similarly, you might want to cut where you forgot to save your batch file for minerd earlier in the video, then when you realized you were mining for the creator

Overall, I think it was decent, but it felt more like a live stream than a planned video. Il y a beaucoup de "uh" et "donc" from the beginning of the video until... right about the time you stopped translating, then they vanish until ~20 minutes in. I think you could improve this a lot by either re-recording it and using this video as an outline or by making cuts and re-dubbing this video with a rehearsed script.

But, again, this is already a good tutorial - just offering some (hopefully) constructive criticism.

[111magic]

Thanks Feldenthorne advice is always good!

[111magic]

Thanks Feldenthorne advice is always good!

New PoM rules will follow asap.
Working also on another great plan.
Keep eyes on the thread guys!

[go6ooo1212]

Thanks Feldenthorne advice is always good!

New PoM rules will follow asap.
Working also on another great plan.
Keep eyes on the thread guys!

Cant wait , mate , now my curiosity takes me over

[joelao95]

Notice some competition is trying to lower the price of Magi. Be aware of that! While Magi is growing more competion will try or even pay to do things like that.

Are you sure it is competitors action?

No need of guess or anything like that, at least to me, and I am pretty fine with any level of price, either rank #10 or rank #1000 (I do hope rising up to #10 though); but for people who heavily invested that wasn't a good news.

[joelao95]

Thanks Feldenthorne advice is always good!

New PoM rules will follow asap.
Working also on another great plan.
Keep eyes on the thread guys!

Cant wait , mate , now my curiosity takes me over

hm, somehow need to work on the pool as well. (bear with me to set things up, I was a bit overwhelmed these days )

By the way, nice video, Erkallys.

[111magic]

Mining Magi with Android?
Thats cool!
Nice work NCommander! Can you share some results later?

Now the other thing Magi need is wallet app.
 

Its been running for a few hours now, steady hashrate of about 5 KH consistently, device isn't even hot at all. I had to comment out the CPU affinity code as those headers aren't on bionic, so it probably is running flat out. Kinda suprised it hasn't melted my phone, running BOINIC would get my pants warm in the wrong way.

 This is a two year old phone, and I doubt the POW code has been optimized for ARM so honestly, its not bad at all. I did take a serious look at what it would take to port BitcoinJ to Magi, and its ... complicated to say the least since the POW/POS methods would have to be rewritten in Java. I *might* be able to do it, or port one of the wallets to just run around magid, but its a fairly large project.

EDIT: and I spoke too soon; the miner segfaulted about half an hour ago. Not suprising.

If you could stay with magi for some time (like few months), I could find way to provide supports towards the development (the miner / wallet). I will be getting touch with you for the details if you're interested.

Nice! I will have patience for this!
Will also wait for you to finish that pool.

[Erkallys]

Thanks Feldenthorne advice is always good!

New PoM rules will follow asap.
Working also on another great plan.
Keep eyes on the thread guys!

I'm very disappointed, I won't be able to play PoM-II  . My computer is a monster that eat 600W, so for one month it would cost me more than $50, to mine just $10 ($10 is optimistic !).

[111magic]

Wow check coinmarketcap!
Magi raised from above 200 to 130!!

[hefty]

Wow check coinmarketcap!
Magi raised from above 200 to 130!!

yep i saw that, 70 positions up in last 2 weeks , so all that selling from large miners is not bad right now at this stage for magi and us we can buy more for lower price and bigger volume will attract speculators that will help magi price grow where it belongs. 

[hugabase]

when we can get 1 magi = $100 

[z0n0]

What a difference 

[111magic]

Wow check coinmarketcap!
Magi raised from above 200 to 130!!

yep i saw that, 70 positions up in last 2 weeks , so all that selling from large miners is not bad right now at this stage for magi and us we can buy more for lower price and bigger volume will attract speculators that will help magi price grow where it belongs. 

Think you are right!  Like new people joining our great community!

[111magic]

when we can get 1 magi = $100 

Not to soon I hope. 
Growing step by step is what I think will give the best result for the future!

[111magic]

What a difference 

Yes it is. Would be awesome if Magi could enter the top 100 on coinmarketcap.

[hefty]

soon, very soon 

[Jamil.Kamil]

Magi soup for everybody's favourite soup..Coin Magi also same as name favourites too...

[hugabase]

when we can get 1 magi = $100 

Not to soon I hope. 
Growing step by step is what I think will give the best result for the future!

1 month again i hopee  , 2 million coin with Good trust coin..why not???

[NeedIfFindIt]

when we can get 1 magi = $100 

This is just not going to happen.

Since coin Magi does not promote the insane wasting of energy other coins do (for example bitcoin network wasting over 1GWh/h making energy companies rich while leaving the miners with almost nothing or less than nothing).
1GWh at $0.10 per KWh = $100000/h
having 6*25btc/block=150btc/h
$100000/150btc=$666 USD/BTC (real cost to mine 1 BTC with ~1 year old ASIC if the power cost was $0.10)

Coin Magi will never use more than 40KWh/h the block reward drops to near zero at hashrate above 60Mh/s. And the average power consumption is about 0.6W/Kh.

This simply mean nobody will pay $100 if he can mine cheaper.

This was the bad news.

The good news are result from the bad news.

Once the initial dumping is over there will be no pumps and dumps in the long term. The Magi price should stabilize somewhere little bit above the energy cost (at current BTC price it should be between 5000 and 20000 satoshi). But the BTC will probably drop in the long term.

Overall CoinMagi can be considered as good as gold (or at least as stable as gold).

I personally prefer to store my little crypto "wealth" in Magi instead of BTC, especially when I can benefit from the latest dumps