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

[starmman]

I'm not sure if Magi can sustain this kind of volume - Bittrex could be a lost cause unless the dev team can persuade trex to keep magi

Updated on 12/02/16: Note the the minimum volume required went up on 12/01/16 to 0.5 BTC average per day in December.

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity. We believe in aggressively taking chances on coins and letting the free market sort out which coins should thrive. We just as aggressively prune our markets to allow new coins the visibility to grow in our exchange.  Our goal is to continue to launch new markets to occupy the spaces left from the coins we are removing.

Markets with less than 0.3 BTC (or equivalent) of average daily volume over a 7 day period and have been on Bittrex for 4 weeks or more are eligible for removal.  Coins with no developer support, working blockchains, or violate our policies are also candidates for removal.     

We add warnings to markets on the weekend and remove them on Fridays.  Saving a coin requires bringing the average daily volume back up before the next scheduled removal date.  We require 0.5 BTC (or equivalent) of average daily volume over a 14 day period.  We vary the time on Friday in which we check for volume to prevent coin developers from placing a single large order to save their coin.  The best way to keep a market from being in danger is to continue to develop steady trading volume each day.

[starmman]

Just taken a look at the average trex volume for magi over the last few weeks - we only hit the desired volume twice since November 1st. I don't see much hope in sustaining their level of demand

However, looking at the following: -

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity

Maybe there is a way we can convince trex to look at the uniqueness of Magi and its algorithm that allows fair mining to prevent it from becoming delisted...

[111magic]

Just taken a look at the average trex volume for magi over the last few weeks - we only hit the desired volume twice since November 1st. I don't see much hope in sustaining their level of demand

However, looking at the following: -

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity

Maybe there is a way we can convince trex to look at the uniqueness of Magi and its algorithm that allows fair mining to prevent it from becoming delisted...

I will send them a email.

[starmman]

Just taken a look at the average trex volume for magi over the last few weeks - we only hit the desired volume twice since November 1st. I don't see much hope in sustaining their level of demand

However, looking at the following: -

We look for coins that have high community demand, innovations to crypto-currency technology, or a contribution to science and humanity

Maybe there is a way we can convince trex to look at the uniqueness of Magi and its algorithm that allows fair mining to prevent it from becoming delisted...

I will send them a email.

Great, let us know how you get on, if you want the community to drop some emails across to them too, I'll be more than happy to =) best thing is to start small and official rather than hound them LOL

[starmman]

Looking at the following chart - we don't have enough supply on Trex to meet demand worth 0.5BTC if there was any - liquidity isn't great on there - Polo is looking healthier, although we did have the same issue with liquidity on Polo back in June.
http://imgur.com/tuKsN6E

[111magic]

Looking at the following chart - we don't have enough supply on Trex to meet demand worth 0.5BTC if there was any - liquidity isn't great on there - Polo is looking healthier, although we did have the same issue with liquidity on Polo back in June.
http://imgur.com/tuKsN6E

I know some coins are using bots, so they never have issues with volumes on exchanges.

[111magic]

http://bitcoingarden.tk/forum/index.php?topic=10308.msg123389#msg123389

Reminder payouts Proof of Interest campaign IV will follow right after finish campaign. 

[Gash]

Looking at the following chart - we don't have enough supply on Trex to meet demand worth 0.5BTC if there was any - liquidity isn't great on there - Polo is looking healthier, although we did have the same issue with liquidity on Polo back in June.
http://imgur.com/tuKsN6E

I know some coins are using bots, so they never have issues with volumes on exchanges.

Trex were using bots, too. Back in 2015 they had DIGGITS or DADDITZ clones running 100 bux cap into 300 million capitalization solely on bots. Perhaps feds pruned their enthusiasm.

[goldlabel]

So wat can i do to help, coz if im going to buy for about 1 btc who tells me that after 14 day its not again the same thing

[111magic]

Just saw this at Bittrex - Magi XMG  A notice at the top of the page...

This market is in danger of de-listing due to low trade volume and lack of user interest. It may be removed on Friday, December 9th 2016 unless the average daily trade volume for the last 14 days exceeds 0.5 BTC. If you would like to keep the market listed, please encourage the development team to contact us at support@bittrex.com. If you have questions about the policy, please see https://bittrex.zendesk.com/hc/en-us/articles/202583874.

This info is what Virkol shared with us Goldlabel.
Seems like Bittrex made new rules for the month december.

[goldlabel]

Oke, im going to higher my bid 0,4 to 2400 and i hope the sellers will go down abit, so we get some traiding again.

[111magic]

Oke, im going to higher my bid 0,4 to 2400 and i hope the sellers will go down abit, so we get some traiding again.

Right sellers need to lower their price to collect more volume.

[111magic]

So its the average daily volume is higher than 0.5 btc a day right. So 1 day 1.4btc volume and other day is 0.2btc volume they calculate the average. Right?
So we need 7btc volume in 14 days.

[goldlabel]

im setting the bid prize at 2474 (last buy on Poloniex)

[starmman]

Oke, im going to higher my bid 0,4 to 2400 and i hope the sellers will go down abit, so we get some traiding again.

Right sellers need to lower their price to collect more volume.

You're completely right - the price was 6000 about month ago, so people are not wanting to sell at current prices, however buyers don't want to pay that amount any more - which is causing no supply for any possible demand. People need to lower their short term expectations and help the coin - its in everybody's interests to have high liquidity.

[starmman]

Oke, im going to higher my bid 0,4 to 2400 and i hope the sellers will go down abit, so we get some traiding again.

Right sellers need to lower their price to collect more volume.

I've took down some of my higher sells on polo and shorted them to buy orders on Trex earlier today to create a bit of volume, I'll transfer some more over tomorrow to help on the sell side if there is no movement overnight.

[starmman]

So its the average daily volume is higher than 0.5 btc a day right. So 1 day 1.4btc volume and other day is 0.2btc volume they calculate the average. Right?
So we need 7btc volume in 14 days.

Yep, looks pretty hard to achieve, hopefully we can find a way for them to be more lenient on us - I'll have a think.

[111magic]

So its the average daily volume is higher than 0.5 btc a day right. So 1 day 1.4btc volume and other day is 0.2btc volume they calculate the average. Right?
So we need 7btc volume in 14 days.

Yep, looks pretty hard to achieve, hopefully we can find a way for them to be more lenient on us - I'll have a think.

I think Magi can achieve this. I will go for it.

[Crypto Girl]

So its the average daily volume is higher than 0.5 btc a day right. So 1 day 1.4btc volume and other day is 0.2btc volume they calculate the average. Right?
So we need 7btc volume in 14 days.

Yep, looks pretty hard to achieve, hopefully we can find a way for them to be more lenient on us - I'll have a think.

I think Magi can achieve this. I will go for it.

nothing can't be achieve with the active support from the community and a very supportive developer, i hope XMG can do that, it's such a good coin, being around for quite sometimes.
Go Magi!

[111magic]

So its the average daily volume is higher than 0.5 btc a day right. So 1 day 1.4btc volume and other day is 0.2btc volume they calculate the average. Right?
So we need 7btc volume in 14 days.

Yep, looks pretty hard to achieve, hopefully we can find a way for them to be more lenient on us - I'll have a think.

I think Magi can achieve this. I will go for it.

nothing can't be achieve with the active support from the community and a very supportive developer, i hope XMG can do that, it's such a good coin, being around for quite sometimes.
Go Magi!

Thank you Crypto Girl.
Think Magi could use more community members to use Bittrex. The volume on Poloniex is never a problem.