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

[111magic]

Are there any plans for XMG to become verified market at Bittrex?
https://bittrex.zendesk.com/hc/en-us/articles/203692234--Draft-What-is-a-Verified-Market-

Did not look at that. But M-team will check it out.
I don't understand whats the benefit for Magi for doing that at the moment. Maybe you can explain a little about it here.

You can read details under the upper link.
Verified Market:
A Verified Market is a market whose Market currency has completed a proof-of-developer by a developer verification service such as ProofofDev.com and has traded on the Bittrex site for over 120 days.

For example, BTC-URO trades UroCoin which has a PoD score of 4 and has been on Bittrex since May 15th, 2014.  Source: http://proofofdev.com/uro-urocoin/

We do not warrant any developer or coin verification scores but provide them as a tool to help traders assess the level of risk they are willing to take.

Is DEV thinking about it?

Yes. Magi has highest score on coinsource trust verification. 7 stars. I think we all can file a request to Bittrex and ask them to add Magi on the trusted Market.

[111magic]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

[Redrover]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

I think it's an ambitious idea with a lot of costs.  Picking which coins are "good" is not that easy.  Creating an exchange is not easy nor free, there are a lot of costs involved including time, security, and possibly compliance issues.  I'm sure there are many other things that I have no clue about and did not think of.

Maybe a group of coins teaming up to promote their group on an already existing exchange where the infrastructure is already in place?

[111magic]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

I think it's an ambitious idea with a lot of costs.  Picking which coins are "good" is not that easy.  Creating an exchange is not easy nor free, there are a lot of costs involved including time, security, and possibly compliance issues.  I'm sure there are many other things that I have no clue about and did not think of.

Maybe a group of coins teaming up to promote their group on an already existing exchange where the infrastructure is already in place?

Like your feedback Redrover! Thanks.

[okae]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

ofc this is an ambitious and a great idea, but i think is hard, i mean that lot of ppl should agree about lot of things and this will be a hard part.

In the end people will look for his own coin and maybe this will bring some conflict, dunno.

[111magic]

Might be right. Little to ambitious.
Lets take things step by step.
 

Release October 2015!

[cryptonit]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

add stuff to this that are different from normal exchanges
like a part of trading fees goes towards coin dev teams
like all coins get access to a fiat trading pair
and such stuff
then u will find coins that would join into such project

always ask urself why a coin traded on cryptsy and bittrex should be interested?
and find answers to this question

[111magic]

Thanks Cryptonit. Good thinking!

[Lightsplasher]

Hi all.
I had an idea and just like to share it here.
The reason: We have to make a difference together.
There are so many different coins that new people don't even know with one they need to pick.

What if some unique coins will have a new exchange.
The community from each coin will help promoting this exchange.
Means if you add some unique coins with a big community there will be a lot of people working together promoting this exchange.
The difference is the promotions: for example you have 10 different communities, all of which promote the same exchange and not just themselves.
Then a huge amount of people that work together to promote that specific exchange.

I like to hear your opinion about this idea!
Good or bad you are welcome to share it here.

With any exchange that is centralized there are always issues with the exchange closing or being a security issue as a potential target for hackers or governments.  It adds visibility to the coin though and there is not much to do with them besides trading at this point, but coins getting lost on an exchange is a real risk in particular for smaller exchanges just getting started.  It seems like things are moving towards decentralized exchanges.

There are some new coin technologies that could allow the exchange of coins through a block chain.  Any thoughts on joining something like SuperNET?  Counterparty, Ethereum and perhaps someday Tau-Chain could be potential places where XMG could be traded in a decentralized way.  Any thoughts on how hard this would be to do and whether it would be of interest to look into?

I don't know that much about it but thought about trying to setup an Ethereum contract as a experiment to directly trade something like XMG for HYP but I'm not sure how much interest there is in this (or how hard it would be)

[111magic]

Are there any plans for XMG to become verified market at Bittrex?
https://bittrex.zendesk.com/hc/en-us/articles/203692234--Draft-What-is-a-Verified-Market-

Did not look at that. But M-team will check it out.
I don't understand whats the benefit for Magi for doing that at the moment. Maybe you can explain a little about it here.

You can read details under the upper link.
Verified Market:
A Verified Market is a market whose Market currency has completed a proof-of-developer by a developer verification service such as ProofofDev.com and has traded on the Bittrex site for over 120 days.

For example, BTC-URO trades UroCoin which has a PoD score of 4 and has been on Bittrex since May 15th, 2014.  Source: http://proofofdev.com/uro-urocoin/

We do not warrant any developer or coin verification scores but provide them as a tool to help traders assess the level of risk they are willing to take.

Is DEV thinking about it?

Think Magi can share some good news about this soon!

[111magic]

lets take magi to the moon!

I prefer NOT!

You mean Magi better stays on earth!

[cryptonit]

lets take magi to the moon!

I prefer NOT!

You mean Magi better stays on earth!

it deepens all on timing
for now its much better magi stay cheap
u have still a very high coin rollout far away of planed slowdown of coin rollout and the desired amount of existing XMG
so its not high price time its fill pockets time

midterm a marketcap on top 100 (page1 coinmarketcap) is needed to get recognition

only miners want now a high sellprice now

instaselling miners are parasites what make em happy most likely not healthy for the host coin

thats why DMD reduced POW coinrollout a lot and focused on POS coinrollout

u can still have a non hyperinflation coin rollout with clever designed constant decreasing inflation coin rollout even if mostly done on POS

POS rewards investors and holder of coins
POW miners often follow the locust swarm plan of being nomads and leave when fields are empty

[The Frisian]

It's a hard time for mining....

[LordCoder]

It's a hard time for mining....

Miners on Suprnova didn't change, I'm into them and I didn't appreciate any change. So I guess it's another hidden pool.

[The Frisian]

Where can I see the total hashrate during the last day(s)?

[111magic]

Where can I see the total hashrate during the last day(s)?

https://bauerj.eu/xmg/
Here is the link amigo!

[The Frisian]

Where can I see the total hashrate during the last day(s)?

https://bauerj.eu/xmg/
Here is the link amigo!

Thanks!
What an amazing graph.
I guess this is a unique graph, it seems two guys calculate for maximum reward
2015-09-02 22:13:01   29 MH/s
2015-09-02 22:21:01   27 MH/s

[111magic]

Where can I see the total hashrate during the last day(s)?

https://bauerj.eu/xmg/
Here is the link amigo!

Thanks!
What an amazing graph.
I guess this is a unique graph, it seems two guys calculate for maximum reward
2015-09-02 22:13:01   29 MH/s
2015-09-02 22:21:01   27 MH/s

You are welcome.
Graphic is made by bauerj!
He did a great job.

[111magic]

lets take magi to the moon!

I prefer NOT!

You mean Magi better stays on earth!

it deepens all on timing
for now its much better magi stay cheap
u have still a very high coin rollout far away of planed slowdown of coin rollout and the desired amount of existing XMG
so its not high price time its fill pockets time

midterm a marketcap on top 100 (page1 coinmarketcap) is needed to get recognition

only miners want now a high sellprice now

instaselling miners are parasites what make em happy most likely not healthy for the host coin

thats why DMD reduced POW coinrollout a lot and focused on POS coinrollout

u can still have a non hyperinflation coin rollout with clever designed constant decreasing inflation coin rollout even if mostly done on POS

POS rewards investors and holder of coins
POW miners often follow the locust swarm plan of being nomads and leave when fields are empty

I agree with that. Fill pockets time!
I must say you have always good posts Cryptonit.
Thanks for that!

[joelao95]

lets take magi to the moon!

I prefer NOT!

You mean Magi better stays on earth!

it deepens all on timing
for now its much better magi stay cheap
u have still a very high coin rollout far away of planed slowdown of coin rollout and the desired amount of existing XMG
so its not high price time its fill pockets time

midterm a marketcap on top 100 (page1 coinmarketcap) is needed to get recognition

only miners want now a high sellprice now

instaselling miners are parasites what make em happy most likely not healthy for the host coin

thats why DMD reduced POW coinrollout a lot and focused on POS coinrollout

u can still have a non hyperinflation coin rollout with clever designed constant decreasing inflation coin rollout even if mostly done on POS

POS rewards investors and holder of coins
POW miners often follow the locust swarm plan of being nomads and leave when fields are empty

I'd like to see it being underground.