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

[111magic]

I was almost missing the PoI 3.
Puff, pant pant
I'm in!!!!

In time amigo!
Welcome.

[111magic]

Who stakes here Magi?

Can you please tell me some hints how to setup a wallet for best staking results? (I have approx. 2000 XMG to stake)

Mozsi I do stake.
But I didn't do anything about the wallet.
We have some smart guys in the community who can help you.

[bhokor]

Hi, what do you think will be the fair price of coinmagi in the longterm, i wanna buy a bunch but not sure about if it is actually overpriced or underprices, and someone knows if there are a hard limit in total coins issued?

thanks

[111magic]

Hi, what do you think will be the fair price of coinmagi in the longterm, i wanna buy a bunch but not sure about if it is actually overpriced or underprices, and someone knows if there are a hard limit in total coins issued?

thanks

Magi hope to raise in value with the coming improvements. At the moment Magi (XMG) is very cheap. Think this is the best period to purchase some.

[mozsi]

Who stakes here Magi?

Can you please tell me some hints how to setup a wallet for best staking results? (I have approx. 2000 XMG to stake)

Mozsi I do stake.
But I didn't do anything about the wallet.
We have some smart guys in the community who can help you.

I hope they can give me some good advice. Like staking address coins size and stuff like this. Maybe a good .conf setup or who knows
Currently I am experimenting with 250 coins but they don't seem like they would stake for me. Like 20 days without anything. Before that with 100 coins I made my wallet stake but 80% of them were rejected, orphaned.

What I currently understand is that a staking address should consist 100 - 1000 coins for best results. Maybe I am wrong.


Yes, I quit mining Magi, but it is so damn cheap right now (compared to BTC). Buying Magi seems to be the best way right now to make more for yourself.

[mozsi]

Hi, what do you think will be the fair price of coinmagi in the longterm, i wanna buy a bunch but not sure about if it is actually overpriced or underprices, and someone knows if there are a hard limit in total coins issued?

thanks

Hello I think Magi right now is way undervalued, especially because big miners always crush the reward and difficulty for a longer period of time of the day. Magi reward system works like: higher difficulty = lower reward; lower difficulty = higher reward.
What I think is that they try to be the first to find the blocks when they let difficulty drop and collect all those blocks that give higher rewards.
Sounds a little bit spooky right? Don't worry it's just my foolish conspiracy about evil CPU miners out there (they might also be shapeshifting extraterrestrials too haha)



You can see on the chart the pattern that the black line does. Also watch for the blue line that shows Magi net hash rate. For Magi 30 MH/s would bring great rewards for miners, but a hash rate of 150 MH/s clearly kills the rewards almost to 0 coins / block.
Or look for yourself: https://bauerj.eu/xmg/

Another thing is as far as I know Magi was never so cheap compared to BTC before. This could bring in sentiments to the market that might turn it into bullish anytime soon. The other side of the 'coin' (hehe) is that there is literally no buy support for this coin. No serious volume, no real buy support. But all this is just temporary IMO. I am positive about Magi.

Magi in my eyes is definitely a longterm strong hold hoard more get more Magi as soon as possible coin.

[lxxtikk]

price will go up 

[Redrover]

Who stakes here Magi?

Can you please tell me some hints how to setup a wallet for best staking results? (I have approx. 2000 XMG to stake)

Mozsi I do stake.
But I didn't do anything about the wallet.
We have some smart guys in the community who can help you.

I hope they can give me some good advice. Like staking address coins size and stuff like this. Maybe a good .conf setup or who knows
Currently I am experimenting with 250 coins but they don't seem like they would stake for me. Like 20 days without anything. Before that with 100 coins I made my wallet stake but 80% of them were rejected, orphaned.

What I currently understand is that a staking address should consist 100 - 1000 coins for best results. Maybe I am wrong.


Yes, I quit mining Magi, but it is so damn cheap right now (compared to BTC). Buying Magi seems to be the best way right now to make more for yourself.

I get the best results in staking usually by having single blocks of 2000 which stake once a day.  If you have a total of 2000 xmg then you could just send them all back to yourself so they are all in one block, this will then stake by the next day and the blocks will be cut in half (2 blocks of 1000 each) you then combine those two blocks with coin control and send them back to yourself again and they will stake again the next day, rinse and repeat this daily.

The key is the block size rather than the amount of coins.  Example: 2000 xmg in 2000 x 1 xmg blocks will likely never stake due to the network difficulty and will result in a wallet full of orphans.  I've found that blocks of 1000-3000 will stake daily and I just get into a routine of sending them right back as soon as they stake - this ensures that all of my coins stake every day without any orphans at all.  Hope that helps.

[Abiky]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

[111magic]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

Like this idea. I need to look into this and get back on this. Really appreciate to good thinking Abiky, thank you for that.

[111magic]

Joe check m-bob in the irc pls!
I miss him there.

[The Frisian]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

Like this idea. I need to look into this and get back on this. Really appreciate to good thinking Abiky, thank you for that.

Looking for a trustworthy SEO?

[111magic]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

Like this idea. I need to look into this and get back on this. Really appreciate to good thinking Abiky, thank you for that.

Looking for a trustworthy SEO?

Tips?

[cryptonit]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

Like this idea. I need to look into this and get back on this. Really appreciate to good thinking Abiky, thank you for that.

i think such a project could be initited by a bunch of cooperating coins
share development and running cost and place their coins as corecoins into this system

dmd diamond is open for talks inthis direction

as a high pos coin but still with constant decreasing inflation
bank in the sence of storage of wealth fit perfect to us

[cryptonit]

as a big xmg stakeholder and beliver in this coin a wana share another big love of me with u
our new dmd diamond legendary10 project

funds out of this will run into 2016 development
who know maybe a crypto bank together with friendly coins like xmg will be one of it

Ladies and gentleman I declare that the Legendary 10 auction is officially OPEN.

The main picture says it all.
This is an auction of Unique Crypto Assets that will come preloaded with a variety of benefits.
The whole reasoning and conditions are laid out on the auction pages.

Please visit the auction link for more . -- https://bit.diamonds/auction.html

I'm sure there will be a lot of excitement so enjoy the ride!

https://bit.diamonds/auction.html

[incognitoworker]

@111magic

I have a suggestion for Coin Magi and I think it would be great to expand our community and gain the attention of others, to increase price and awareness of XMG.

How about making the Bank of Magi? Such would be an online bank (like Xapo) with bank level security, 2FA, and reserve Magi funds on a cold storage (like a Federal Reserve Bank) It would act as an XMG wallet, but at the same time it would be a bank with the ability to issue Coin Magi debit cards to its users. Take a look at Xapo for a better example of this.

Is it a good idea? 

Like this idea. I need to look into this and get back on this. Really appreciate to good thinking Abiky, thank you for that.

i think such a project could be initited by a bunch of cooperating coins
share development and running cost and place their coins as corecoins into this system

dmd diamond is open for talks inthis direction

as a high pos coin but still with constant decreasing inflation
bank in the sence of storage of wealth fit perfect to us

This is actually one of our goals and projects, we can not share any details right now but 2016 will be a very interesting year for Crypto world in general.
Happy staking!

[111magic]

as a big xmg stakeholder and beliver in this coin a wana share another big love of me with u
our new dmd diamond legendary10 project

funds out of this will run into 2016 development
who know maybe a crypto bank together with friendly coins like xmg will be one of it

Thanks Cryptonit. I'am always pro for working together. My opinion is that some good coins can make a difference in Cryptoworld.
2016 will be that year!

[111magic]

Joe check m-bob in the irc pls!
I miss him there.

Joe thanks for adding my friend m-bob in the irc again!

[goldlabel]

Getting close, 128 likes to go, you can like here https://www.facebook.com/CoinMagi/ and maby you win the 300 XMG`s  

Only 80 to go, remember to post your walletadress at the post on https://www.facebook.com/CoinMagi/

[111magic]

Getting close, 128 likes to go, you can like here https://www.facebook.com/CoinMagi/ and maby you win the 300 XMG`s  

Only 80 to go, remember to post your walletadress at the post on https://www.facebook.com/CoinMagi/

Nice Goldlabel. We will get there!!