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

[111magic]

https://bitcointalk.org/index.php?topic=393147.6360

Magi already in the top 5 here. Only 1 extra vote and Magi is also on number 4! Thats a great result after such short voting-period.

Yes Magi at spot 4!! 

[Redrover]

Magi just keeps growing and expanding, and mining has been better the last 2 days finally!

[okae]

Magi just keeps growing and expanding, and mining has been better the last 2 days finally!

yeahh seems like things are going better in last days, im so happy because of that as i already sayd mining magi is like a drug lol

Yes Magi at spot 4!! 

NOT ENOUGHT!! hahah i want #1!!!!!!

[Erkallys]

Just some thoughts:

At the moment Magi keeps going nice and stable.
Magi community is growing and we are on our way to the next Proof of Interest.
At this moment i think we all could help Magi with marketing and promotions for the grow of Magi.
(as some of you know i have lesser time these days because of the health of my dad)

I could use some help!!!
The grow of Magi depends also on social media. That why i would like to ask you all to help Magi with thinking or working on; new campaigns or give-aways. Or about other things for Magi.
Magi keeps looking for more!   More merchants, more services and reaching more people.
I you have some nice ideas and would like to help Magi with the grow and promotions, don't hesitate! Just go for it!!
Activity always will be rewarded.
 

Why not a Twitter campaign ? Users would have to retweet of tweet of yours that promote Magi. A few XMG would be given to anyone doing this. To prevent abuses, people would have to post here to tell which account is their, and only people that have at least 25 followers or so would be eligible !

Thanks Erkallys. I will look into this!

OK ! I you start such a campaign, I'll join it for sure ! About DirectBet : today they've launched the casino, which they call their "Playing Wallet" : https://casino.directbet.eu/. They've added CLAM, so maybe Magi will follow, I'll tell something to them about this. Also, now, with 41 votes, Magi is 4th ex-aequo with SpreadCoin !

That's awesome in the short time Magi is on that votinglist! Btw did you received the coins from the CCS Tournament?

Yeah, I received them ! The mining reward is incredibly high today : 32 XMG/block is the maximum I've ever seen, and it was today !

[111magic]

WOW WOW WOW Good news Magi entered the top 100 here:
https://www.coingecko.com/en/coins/magi
Last time i checked Magi was on spot 116!
Awesome Magi on his way to the top!!

[Erkallys]

WOW WOW WOW Good news Magi entered the top 100 here:
https://www.coingecko.com/en/coins/magi
Last time i checked Magi was on spot 116!
Awesome Magi on his way to the top!!

I was not aware of this site. I like it, thank you for sharing it to us. 86 is a good rank among the thousand of shitcoins. But note that Magi is ranked 1% for Liquidity, and that's not really good ...

[111magic]

WOW WOW WOW Good news Magi entered the top 100 here:
https://www.coingecko.com/en/coins/magi
Last time i checked Magi was on spot 116!
Awesome Magi on his way to the top!!

I was not aware of this site. I like it, thank you for sharing it to us. 86 is a good rank among the thousand of shitcoins. But note that Magi is ranked 1% for Liquidity, and that's not really good ...

It will grow when Magi continues like this! Magi could use more volume on the exchanges and more merchants and services.
Magi team will work on that!

[Erkallys]

WOW WOW WOW Good news Magi entered the top 100 here:
https://www.coingecko.com/en/coins/magi
Last time i checked Magi was on spot 116!
Awesome Magi on his way to the top!!

I was not aware of this site. I like it, thank you for sharing it to us. 86 is a good rank among the thousand of shitcoins. But note that Magi is ranked 1% for Liquidity, and that's not really good ...

It will grow when Magi continues like this! Magi could use more volume on the exchanges and more merchants and services.
Magi team will work on that!

Do not worry, I'm really confident about Magi's bright future ! I want so much to be on January, 1st for the PoI-III campaign

[111magic]

This is an invitation for testers of the BETA version of the Magi Android app.
If you will test the app and the team wants to provide feedback, please send me a pm

[goldlabel]

Coming soon

[elpsycongro]

the reward is pretty good right now 33xmg 

[Redrover]

Coin Magi (XMG) first time Wallet installation for Windows, (just the basics here).

Note: I am not an expert, I just wrote down the procedures that I use.  Will some of the pro users out there mind proof reading this and let me know of any errors that need to be corrected or repost with corrections (thanks).  This is meant to be a very simple guide to help new users setup a wallet and get started, thanks!

Download the Windows wallet from: http://coinmagi.org/files/magi-release/m-wallet-latest-win.zip

Extract this file to where you want the wallet program folder on your computer.
Open the extracted folder and navigate to either "32" or "64" depending on your system - most current computers today will be "64" but if in doubt, you can always choose "32" and it will work.  From this folder, double click magi-qt.exe, this will launch the wallet and begin downloading the blockchain - be patient, it is a large download and could take a few hours to complete.  If it gets stuck, you can close the wallet and launch it again.  Also note, just launching the wallet can take a few minutes to actually open, this is normal, be patient Padawan.  

FYI - the downloaded files (blockchain and the wallet.dat) by default will be in -  Users \ *username* \ AppData \ Roaming \ Magi

Basic operations in the wallet

Overview - Exactly that, an overview of your balance and transactions.
Send coins - This is where you send coins from your wallet to another address.
Receive coins - List of your addresses, click new address to create a new address in your wallet, do this now if there is no address listed.  This will be your first Coin Magi address, you might want to copy and paste it in a text file somewhere so it’s handy.
Transactions - A list of all your transactions.

Backup your wallet!  (Very Important to do this NOW)
Click File - Backup wallet  -  Now give it a name and choose where you want your backup, this will initially be a very small file but will grow over time.  The default name is wallet.dat but I would recommend a more descriptive name such as magiwallet.dat.  Now - copy this file to a safe location just in case your computer melts down, something like a thumb drive.  Guard this drive and file, it is your wallet and could be very valuable, and at the moment is not encrypted.  edit... if you will be encrypting your wallet, then do the backup after you do the encryption.

Encrypt your wallet - this is optional but recommended in case of a hack or theft, remember, your wallet and coins are valuable.
Click Settings  -  Encrypt wallet  -  choose a passphrase and don't forget it.  You will use this password to unlock your wallet.  edit... If you choose to use encryption, then make your backup after encrypting, not before.  Also whenever you create a new address in your wallet, it's a good idea to make a new backup.

Ok that's the basics, now a new version comes out, how do you safely upgrade?

Upgrade Coin Magi Wallet to a new version:

First, technically this is not an upgrade procedure, it’s more like just downloading a newer wallet version and using it instead of the one you currently have, very easy.  The new version will utilize all of the data previously downloaded and will automatically use your existing wallet.dat file as well.

1. Backup your wallet again, just in case something goes wrong, same as above but what I do is give it another name like magiwallet2.dat  -  you can never have too many backups and this can be used to recover in the rare event that a wallet upgrade goes bad.

2. Make sure the wallet is closed.

3. Download the new wallet, extract the files, and run the new version of magi-qt.exe.  That’s all there is to it, easy peasy.

I personally do not delete the old version for at least a day just in case a bug appears, but so far, this has not been an issue with Coin Magi.  Hope this helps out a few new users who are worried about it being complicated – it’s really not very difficult.

Last step, join #magi in IRC for the rains (free coins) and then you can send them to your shiny new wallet.

edits: (thanks feldenthorne)
Do backups AFTER encryption and after creating new addresses.
Keep wallet open and unlocked for staking to earn interest.
Newer wallets will have an update reminder notification - so it's an alert to get the newest version, this is being implemented now.

[TonySon]

Coming soon

Good day everyone.

[111magic]

Coin Magi (XMG) first time Wallet installation for Windows, (just the basics here).

Note: I am not an expert, I just wrote down the procedures that I use.  Will some of the pro users out there mind proof reading this and let me know of any errors that need to be corrected or repost with corrections (thanks).  This is meant to be a very simple guide to help new users setup a wallet and get started, thanks!

Download the Windows wallet from: http://coinmagi.org/files/magi-release/m-wallet-latest-win.zip

Extract this file to where you want the wallet program folder on your computer.
Open the extracted folder and navigate to either "32" or "64" depending on your system - most current computers today will be "64" but if in doubt, you can always choose "32" and it will work.  From this folder, double click magi-qt.exe, this will launch the wallet and begin downloading the blockchain - be patient, it is a large download and could take a few hours to complete.  If it gets stuck, you can close the wallet and launch it again.  Also note, just launching the wallet can take a few minutes to actually open, this is normal, be patient Padawan.  

FYI - the downloaded files (blockchain and the wallet.dat) by default will be in -  Users \ *username* \ AppData \ Roaming \ Magi

Basic operations in the wallet

Overview - Exactly that, an overview of your balance and transactions.
Send coins - This is where you send coins from your wallet to another address.
Receive coins - List of your addresses, click new address to create a new address in your wallet, do this now if there is no address listed.  This will be your first Coin Magi address, you might want to copy and paste it in a text file somewhere so it’s handy.
Transactions - A list of all your transactions.

Backup your wallet!  (Very Important to do this NOW)
Click File - Backup wallet  -  Now give it a name and choose where you want your backup, this will initially be a very small file but will grow over time.  The default name is wallet.dat but I would recommend a more descriptive name such as magiwallet.dat.  Now - copy this file to a safe location just in case your computer melts down, something like a thumb drive.  Guard this drive and file, it is your wallet and could be very valuable, and at the moment is not encrypted.  edit... if you will be encrypting your wallet, then do the backup after you do the encryption.

Encrypt your wallet - this is optional but recommended in case of a hack or theft, remember, your wallet and coins are valuable.
Click Settings  -  Encrypt wallet  -  choose a passphrase and don't forget it.  You will use this password to unlock your wallet.  edit... If you choose to use encryption, then make your backup after encrypting, not before.  Also whenever you create a new address in your wallet, it's a good idea to make a new backup.

Ok that's the basics, now a new version comes out, how do you safely upgrade?

Upgrade Coin Magi Wallet to a new version:

First, technically this is not an upgrade procedure, it’s more like just downloading a newer wallet version and using it instead of the one you currently have, very easy.  The new version will utilize all of the data previously downloaded and will automatically use your existing wallet.dat file as well.

1. Backup your wallet again, just in case something goes wrong, same as above but what I do is give it another name like magiwallet2.dat  -  you can never have too many backups and this can be used to recover in the rare event that a wallet upgrade goes bad.

2. Make sure the wallet is closed.

3. Download the new wallet, extract the files, and run the new version of magi-qt.exe.  That’s all there is to it, easy peasy.

I personally do not delete the old version for at least a day just in case a bug appears, but so far, this has not been an issue with Coin Magi.  Hope this helps out a few new users who are worried about it being complicated – it’s really not very difficult.

Last step, join #magi in IRC for the rains (free coins) and then you can send them to your shiny new wallet.

edits: (thanks feldenthorne)
Do backups AFTER encryption and after creating new addresses.
Keep wallet open and unlocked for staking to earn interest.
Newer wallets will have an update reminder notification - so it's an alert to get the newest version, this is being implemented now.

Thank you very much Redrover! This is what I mean!
Maybe thdim would add this info on his Magi blog.

[jakals]

is there any IRC channel for magi ?

edit:i found sorry

[TonySon]

Hi 111magic!

I will buy CoinMagi. Because Magi (XMG) the unique coin of the future keeps on growing!  

What do you think about try add XMG to EMPOEX.COM?

[TonySon]

 
https://www.facebook.com/CoinMagi

[jakals]

what's the max age and maturity in the pos of magi

[Redrover]

what's the max age and maturity in the pos of magi

Info on the first page states:
Proof of Staking II (PoW-II)
Security enhanced - Variable coin age depending on the staking time (more..)
Minimum coin age - 2 hours
Interest rate - network weight dependent with maximum 5%;
Block time - 1.5 minutes
Block hash - SHA256
Maturity: 120

But, from what I've noticed, POS in Magi does not behave the same as other coins where you know exactly the minimum and maximum weights.  I believe it's all interacting with total weight, difficulty, block size and time.  There are other more knowledgeable people on this subject but I can tell you what seems to work in my wallet.

Roughly a single block of 500 - 1000 coins will stake within 24 hours.
A single block of 1500 - 2500 will stake in about 20 hours.
A single block of 3000 coins will stake in about 15 hours.
Blocks with more than 3000 seem to have a time frame that if they don't stake in the first day, they begin to lose weight, and by the 5th day they need to be re-sent via coin control to reset the timers.  I think 5 days is the cutoff you are asking about.

So I got into the habit of using coin control daily and keep all blocks at around 1500 - 2000 coins - the entire wallet stakes once a day when I do this.

If you do not want to use coin control, then the blocks will be smaller and the times will be longer, and I do not know if the 5 day max age applies with smaller amounts.

[LordCoder]

yay again cc90cc attacking the network. Let's give him some power.