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

[111magic]

Hello,

I just want to give some news about my solo mining experiment, here are the results after ~1 month :

https://i.imgur.com/YchMKqC.png

The server is mining and staking so it's working like I expected

In my last post I was complaining about the block reward is very low the majotity of the time and not profitable for the little miners, since a week the reward is great again and my home CPU ran at 100% most of the time, I don't know what happenned, it's great for Magi and for the miners  

Thanks for the information amigo. Its always nice to hear good words. And welcome in our awesome Magi community.

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[evok3d]

hey mates!

When is the next PoI? Would love to join the next one

[medotclose]

Good day!

I have started mining xmg yesterday and I already earned 1XMG. My rate is 20kH/s from multiple machine (low end machines). I was wondering if I am doing good because i am new to this "coin mining" concept.

What confusing me more is that other coins need better machines, and this coin (magicoin) doesn't (which is an advantage for me). How can i earn more shares if i have slower rate? how does low-end devices are in advantage (correct me here please) ?

I hope you guys can help me have a good start and better understanding.

More powers COin Magi 

[marvynmesquita]

Hey guys, can you help me?
I downloaded the last updated of the wallet and after a time during blocks update it stopped working on WIndows 10. I cleaned everything, restored my backup and not solved my problem.
Atually my Notebook is running Ubuntu 16.04, the wallet(not my backup) opens very well, but when i change the wallet.dat to my backup, still stopping.
Theres anyway to recover my address or my coins?

You could try adding the following to your magi.conf, it should help you sync the chain more effectively

addnode=104.128.225.215
addnode=104.128.225.240
addnode=104.128.225.241
addnode=104.131.42.100
addnode=216.189.144.186
addnode=216.189.144.211
addnode=216.189.144.212

Still not opening... when the splash screen says thats finishing loading, it closes.

[111magic]

Hey guys, can you help me?
I downloaded the last updated of the wallet and after a time during blocks update it stopped working on WIndows 10. I cleaned everything, restored my backup and not solved my problem.
Atually my Notebook is running Ubuntu 16.04, the wallet(not my backup) opens very well, but when i change the wallet.dat to my backup, still stopping.
Theres anyway to recover my address or my coins?

You could try adding the following to your magi.conf, it should help you sync the chain more effectively

addnode=104.128.225.215
addnode=104.128.225.240
addnode=104.128.225.241
addnode=104.131.42.100
addnode=216.189.144.186
addnode=216.189.144.211
addnode=216.189.144.212

Still not opening... when the splash screen says thats finishing loading, it closes.

I had this issue some time ago also. After closing my ant-virus program the issue was gone.

[Elar]

Thanks for the information amigo. Its always nice to hear good words. And welcome in our awesome Magi community.

Thank you  

Good day!

I have started mining xmg yesterday and I already earned 1XMG. My rate is 20kH/s from multiple machine (low end machines). I was wondering if I am doing good because i am new to this "coin mining" concept.

What confusing me more is that other coins need better machines, and this coin (magicoin) doesn't (which is an advantage for me). How can i earn more shares if i have slower rate? how does low-end devices are in advantage (correct me here please) ?

I hope you guys can help me have a good start and better understanding.

More powers COin Magi  

I'm not an expert in the magi technology and English is not my native language but I will try.

Magi mining doesn't work like the others coins, it's designed to favorize the little CPU miners over the big ones with lot of power. When the total hashrate of the network grows the block reward go down, when you mine with a lot of power the only things you do is to reduce the amount of XMG you and the others miners will earn. You can use the Sweet Spot Magi Controller (Windows only I think, I didn't find a linux version) to automatically adjust the power you use for mining, when the block reward is low your CPU ran @10% and when the reward is high he goes to 100%, you only mine when it's profitable and help keeping the global hashrate low for more Magi for everyone

Magi is a proof of stake coin too, you will earn XMG by just letting your wallet open, and if I have all understood staking secure the network rather than the mining power, you will earn ~5%/year of the amount you have in the wallet when he stake.

I'm not sure that everything I wrote is right but someone will surely correct me if there are errors.

[jediwashuu]

I had never seen the Magi sweet spot miner before!  i will have to check that out for my low power home machine!  thanks!

Thanks for the information amigo. Its always nice to hear good words. And welcome in our awesome Magi community.

Thank you  

Good day!

I have started mining xmg yesterday and I already earned 1XMG. My rate is 20kH/s from multiple machine (low end machines). I was wondering if I am doing good because i am new to this "coin mining" concept.

What confusing me more is that other coins need better machines, and this coin (magicoin) doesn't (which is an advantage for me). How can i earn more shares if i have slower rate? how does low-end devices are in advantage (correct me here please) ?

I hope you guys can help me have a good start and better understanding.

More powers COin Magi  

I'm not an expert in the magi technology and English is not my native language but I will try.

Magi mining doesn't work like the others coins, it's designed to favorize the little CPU miners over the big ones with lot of power. When the total hashrate of the network grows the block reward go down, when you mine with a lot of power the only things you do is to reduce the amount of XMG you and the others miners will earn. You can use the Sweet Spot Magi Controller (Windows only I think, I didn't find a linux version) to automatically adjust the power you use for mining, when the block reward is low your CPU ran @10% and when the reward is high he goes to 100%, you only mine when it's profitable and help keeping the global hashrate low for more Magi for everyone

Magi is a proof of stake coin too, you will earn XMG by just letting your wallet open, and if I have all understood staking secure the network rather than the mining power, you will earn ~5%/year of the amount you have in the wallet when he stake.

I'm not sure that everything I wrote is right but someone will surely correct me if there are errors.

[Yefet]

Hi,
I hold my XMG @POSwallet - a POS pool and that was OK.
Recently I tried to withdraw my XMG and the withdrawal was stuck with zero confirmation.



I contacted the support and that's their reply:

Thanks for informing us! We are for some reason constintetnly dropping connections even if we are on the newest wallet and newest addnodes. We are using the addnodes from chainz. Do you happen know if these are incorrect? If so do you have any correct ones?

Could anyone, please suggest, the solution to resolve this problem 

[ex33s]

Hi,
I hold my XMG @POSwallet - a POS pool and that was OK.
Recently I tried to withdraw my XMG and the withdrawal was stuck with zero confirmation.



I contacted the support and that's their reply:

Thanks for informing us! We are for some reason constintetnly dropping connections even if we are on the newest wallet and newest addnodes. We are using the addnodes from chainz. Do you happen know if these are incorrect? If so do you have any correct ones?

Could anyone, please suggest, the solution to resolve this problem 

They could try to my node

Code:

addnode=213.32.21.37

If they run ipv6

Code:

addnode=2001:41d0:302:2100::4c54

I'm running that node for https://poolinfo.systms.org

[111magic]

Coin   Code   Price   Market Cap   Trading Volume
Magi   XMG   $0.03678577   $248,520.1   $22,194.7


Wow guys this looks very nice!

[111magic]

hey mates!

When is the next PoI? Would love to join the next one

Hi evok3d,

Don't know yet! Need a big fund to start a new Proof of Interest campaign. We will see.

[ex33s]

Coin   Code   Price   Market Cap   Trading Volume
Magi   XMG   $0.03678577   $248,520.1   $22,194.7


Wow guys this looks very nice!

Yea, it's fun watching. Good market cap on both polo and bittrex.

Seems to be a very good day for magi

[111magic]

Coin   Code   Price   Market Cap   Trading Volume
Magi   XMG   $0.03678577   $248,520.1   $22,194.7


Wow guys this looks very nice!

Yea, it's fun watching. Good market cap on both polo and bittrex.

Seems to be a very good day for magi

Lets hope Magi can reach $0,5
Its a very great currency so it should be possible.

[The Frisian]

Lets hope Magi can reach $0,5
Its a very great currency so it should be possible.

Sure, it's the best coin! Let's pomp .. eeh hope! 

[starmman]

Lets hope Magi can reach $0,5
Its a very great currency so it should be possible.

Sure, it's the best coin! Let's pomp .. eeh hope! 

Price is looking great - although its not so fun watching from the airport with no access to my wallet - I'm still in the action now though

[The Frisian]

Price is looking great - although its not so fun watching from the airport with no access to my wallet - I'm still in the action now though

Once I sold XMG for 12k, also later for 8K. Let those times come again please!
(By the way, the BTC price was around 150 bucks then)
I guess the dollar coin price and marketcap are at the moment ATH.
I assume this is not only because of the little auto trader.

[Sempiternals]

just started mine this coin ..lets see if this actually good ...feeling great after reading post above ..wish me luck 

[marvynmesquita]

Hey guys, can you help me?
I downloaded the last updated of the wallet and after a time during blocks update it stopped working on WIndows 10. I cleaned everything, restored my backup and not solved my problem.
Atually my Notebook is running Ubuntu 16.04, the wallet(not my backup) opens very well, but when i change the wallet.dat to my backup, still stopping.
Theres anyway to recover my address or my coins?

You could try adding the following to your magi.conf, it should help you sync the chain more effectively

addnode=104.128.225.215
addnode=104.128.225.240
addnode=104.128.225.241
addnode=104.131.42.100
addnode=216.189.144.186
addnode=216.189.144.211
addnode=216.189.144.212

Still not opening... when the splash screen says thats finishing loading, it closes.

I had this issue some time ago also. After closing my ant-virus program the issue was gone.

I'm on ubuntu now. No antivirus.

[rotzbouf]

I'm on ubuntu now. No antivirus.

Did you tried running the cli client? I used the wallet successfull on Ubuntu 14.04 and Arch Linux, both cli and gui.

[kingorbust]

seems like 4chan is going to try to pump the coin  this weekend