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

[joelao95]

Well, purging data folder means delete all content except wallet.dat and magi.conf from the ~/.magi folder.

Will change the connect line into addnode and try again.

Edit: Ok the connect command seems to be the problem. After changing connect into addnode in my config, it starts syncing again.

"Connect" will force connection with the nodes only we're running. There seems no issues with "connect" as I just tried.

[joelao95]

I've notice that the price info disappeared from wallet from about 2 days.

Also the wallet isn't staking from atleast 10 hours


Code:

getmininginfo
{
"blocks" : 1220363,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 2.04336221,
"proof-of-stake" : 0.01807929,
"search-interval" : 1
},
"blockvalue" : {
"difficulty-V2" : 3.18456382,
"blockvalue" : 2.77791977
},
"netmhashps" : 44.34277312,
"netstakeweight" : 928195.69517220,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 17615,
"maximum" : 0,
"combined" : 17615
},
"Expected PoS (hours)" : 1,
"stakeinterest" : 0.03125170,
"testnet" : false,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 44342773,
"testnet" : false
}

I can see that you seem to have PoS coming. What does "getmininginfo" give?

I don't see issues with price info; try to click on it to refresh.

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

I notice that this often happens when the BTC price is rising sharply (or during POI), Magi usually gets more volume when BTC is falling or flat. Both times we had issues with Bittrex it was during sharp increases of BTC, I think the reason is because not so many people want to sell their Magi.

[starmman]

Volume is up a bit more today now - I also see market cap has peaked above $200k again, signs are okay - but would be better if we can get more volume, once my trading robot has bedded in, I'll change some parameters which will likely help a little bit, my trading volume isn't so high yet though so probably wont make an enormous impact to start with - but every little bit helps =D.

[ujang1]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

We could certainly do with a couple of larger investors on polo looking at Magi, any idea how we can get more interest?

Magi volume has always been at the low end of the Polo charts and now the volume is actually higher than average since the start of this year - certainly in terms of USD volume. check CMC from 01/11/2016 to 03/03/2017 (before that was a massive pump which skews the charts), you'll see things are heading in the right direction

[starmman]

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

We could certainly do with a couple of larger investors on polo looking at Magi, any idea how we can get more interest?

Magi volume has always been at the low end of the Polo charts and now the volume is actually higher than average since the start of this year - certainly in terms of USD volume. check CMC from 01/11/2016 to 03/03/2017 (before that was a massive pump which skews the charts), you'll see things are heading in the right direction

Comparing volume from Jan/Mar to Jan/Mar last year our volume is up x10 or x20 - highest 24hr volume was ~350USD last year - this year we are looking at ~17000USD, lowest this year is about 170 USD and last year 28USD, looks almost like a different coin =D

[th3.r00t]

I've notice that the price info disappeared from wallet from about 2 days.

Also the wallet isn't staking from atleast 10 hours


Code:

getmininginfo
{
"blocks" : 1220363,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 2.04336221,
"proof-of-stake" : 0.01807929,
"search-interval" : 1
},
"blockvalue" : {
"difficulty-V2" : 3.18456382,
"blockvalue" : 2.77791977
},
"netmhashps" : 44.34277312,
"netstakeweight" : 928195.69517220,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 17615,
"maximum" : 0,
"combined" : 17615
},
"Expected PoS (hours)" : 1,
"stakeinterest" : 0.03125170,
"testnet" : false,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 44342773,
"testnet" : false
}

I can see that you seem to have PoS coming. What does "getmininginfo" give?

I don't see issues with price info; try to click on it to refresh.

Its OK now. Thanks for response, Joe
Wallet is staking like crazy!
And the price info updates on click. (Learnt a new thing)

[111magic]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

[111magic]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)

[sylph93]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)

Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)

Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol

I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.

[sylph93]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)

Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol

I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.

Don't worry, bro. I won't dry up XMG. As you know XMG is not pure PoS coin. As far as I know, pure PoS coins usually suffer from no liquidity problem.
That's way I believe future of XMG and I invest in this coin.

[starmman]

XMG ..
good for trade

I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.

How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?

NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG

Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)

Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)

Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol

I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.

Don't worry, bro. I won't dry up XMG. As you know XMG is not pure PoS coin. As far as I know, pure PoS coins usually suffer from no liquidity problem.
That's way I believe future of XMG and I invest in this coin.

I was thinking earlier, our liquidity on Polo is actually looking better than it ever has so not as much as an issue now than it used to be. I think XMG is in a great position for further growth =)

[starmman]

hmm seems that no big holder here has the funds or ability to take mkt to a decent price tho. 2100 satoshi for this limited supply coin is nt vry good. lets see if it improves

Magi is growing slowly, but has done pretty well over the last year - Market Cap has increased from 40k to 200k in 12m, not explosive growth but nice and steady SMA - there has been a nice bit of volatility - but usually with a range of 1500 to 3000 sat, its a unique coin and difficult for the big players to mine and take advantage of with large hash rates - which is probably why the growth rate is how it is, volume is significantly up over the last year too.

[joelao95]

hmm seems that no big holder here has the funds or ability to take mkt to a decent price tho. 2100 satoshi for this limited supply coin is nt vry good. lets see if it improves

Magi is growing slowly, but has done pretty well over the last year - Market Cap has increased from 40k to 200k in 12m, not explosive growth but nice and steady SMA - there has been a nice bit of volatility - but usually with a range of 1500 to 3000 sat, its a unique coin and difficult for the big players to mine and take advantage of with large hash rates - which is probably why the growth rate is how it is, volume is significantly up over the last year too.

I'm very much aware of two important things we're missing: marketing and road-mapped development. I'm glad that the coin has been existing without confusing people by, for example, pump; pump is one of the major factors in this crypto land in the pricing leading to speculation and in turn the pumping. There should be a growing curve. Looking back price/cap does sound the coin provides a field for people to participate into now and then, though it's not necessary good to holders. Except for concerns of being alerted delisting from Bittrex or potential delisting by Poloniex due to low volumes, I live with where the coin is now that seems decent and the fact that people can join the party fairly at different time.

[starmman]

hmm seems that no big holder here has the funds or ability to take mkt to a decent price tho. 2100 satoshi for this limited supply coin is nt vry good. lets see if it improves

Magi is growing slowly, but has done pretty well over the last year - Market Cap has increased from 40k to 200k in 12m, not explosive growth but nice and steady SMA - there has been a nice bit of volatility - but usually with a range of 1500 to 3000 sat, its a unique coin and difficult for the big players to mine and take advantage of with large hash rates - which is probably why the growth rate is how it is, volume is significantly up over the last year too.

I'm very much aware of two important things we're missing: marketing and road-mapped development. I'm glad that the coin has been existing without confusing people by, for example, pump; pump is one of the major factors in this crypto land in the pricing leading to speculation and in turn the pumping. There should be a growing curve. Looking back price/cap does sound the coin provides a field for people to participate into now and then, though it's not necessary good to holders. Except for concerns of being alerted delisting from Bittrex or potential delisting by Poloniex due to low volumes, I live with where the coin is now that seems decent and the fact that people can join the party fairly at different time.

Volume is something that needs to be constantly worked on - it seems that as Magi's volume grows - so does the demand for greater volume from the exchanges - we have just been above an ever increasing fine line of enough volume - Lets hope we can keep above that line. Best thing we can do is secure stable liquidity and volume on the exchanges that Magi is listed on before we look elsewhere.

[Elar]

Hello,

I will just give you some news after my tests : 7 days solo mining on my server @100% CPU (Intel C2750 Avoton 8 cores 8 threads @2.4 Ghz), he finds 3 blocks for a total of 7,81 XMG.

I'm happy it works