starmman
Legendary
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Activity: 1484
Merit: 1029
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June 21, 2017, 08:48:19 PM |
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I'm feeling really bad about mining Magi - there's really no "profit" anymore. Block reward barely even pass 2 XMG. Ppl just don't want to get it Oh my, where are those happy times when you could mine 20XMG per day Seems like many people are mining magi right now - same problem for me - good thing is that the price is pretty high - I did some maths. The $ value of 2XMG is way higher than the $ value of 20XMG 14 months ago when market cap was much lower - I get 2.5x based on 1,000,000 and 40,000 market caps The great and unique thing about magi is that the harder it is to acquire, the higher the demand (price) increases, so those who have been mining a lot in the past get the reward on the demand. I kept most of my mined magi in a wallet so the days when magi was worth 0.005 are now paying off =) I usually find people get bored quickly if the mining rewards are not high - maybe we'll see better rewards again later on (probably if the price drops some day)
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 21, 2017, 08:54:15 PM |
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https://coinmarketcap.com/currencies/views/all/Last week Magi was just below the 300 in the ranking. Now it shows 215 Can Magi enter the top 200 there!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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hefty
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June 21, 2017, 11:40:35 PM |
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1 magi will be 1 us dollar by the end of the year, after Joe enable SegWit to the moon
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hefty
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June 21, 2017, 11:50:48 PM Last edit: June 22, 2017, 01:31:05 AM by hefty |
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Nice volume on Bittrex for Magi BTW whats happening with ETH? look what i posted in etherium thread day before crash, https://bitcointalk.org/index.php?topic=428589.14240i think it will pump and dump few more times until settles on more reasonable price
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hefty
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June 22, 2017, 12:27:01 AM |
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I'm feeling really bad about mining Magi - there's really no "profit" anymore. Block reward barely even pass 2 XMG. Ppl just don't want to get it Oh my, where are those happy times when you could mine 20XMG per day Seems like many people are mining magi right now - same problem for me - good thing is that the price is pretty high - I did some maths. The $ value of 2XMG is way higher than the $ value of 20XMG 14 months ago when market cap was much lower - I get 2.5x based on 1,000,000 and 40,000 market caps The great and unique thing about magi is that the harder it is to acquire, the higher the demand (price) increases, so those who have been mining a lot in the past get the reward on the demand. I kept most of my mined magi in a wallet so the days when magi was worth 0.005 are now paying off =) I usually find people get bored quickly if the mining rewards are not high - maybe we'll see better rewards again later on (probably if the price drops some day) I mined when i was getting 50xmg per day and never sold 1 xmg and i will not do it now either i kept all and only sent few donations. I am happy that miners are now mining magi for future worth of it, that is a good sign. Same when ppl mined darkcoin 4 years ago with great loss (me included) well now they are happy. I am not mining currently just minting. But i would mine if i have hash power that i used to have now i will rather buy some more and mint. I am excited for future especially SegWit and magipay gateway, after that i hope that Joe can get some funding so he can pay team of devs to work for him and make his dreams come true even quicker. He alone does more job than groups of devs on 90% coins out there. It is going slow but bc of him and rest of the community around magi i believe in bright future.
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joelao95 (OP)
Legendary
Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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June 22, 2017, 04:08:58 AM |
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Congrats Joelao95 You are promoted as Legendary So that's a legendary post.
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joelao95 (OP)
Legendary
Offline
Activity: 1190
Merit: 1009
Coin of the Magi!
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June 22, 2017, 04:15:35 AM |
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I'm feeling really bad about mining Magi - there's really no "profit" anymore. Block reward barely even pass 2 XMG. Ppl just don't want to get it Oh my, where are those happy times when you could mine 20XMG per day Seems like many people are mining magi right now - same problem for me - good thing is that the price is pretty high - I did some maths. The $ value of 2XMG is way higher than the $ value of 20XMG 14 months ago when market cap was much lower - I get 2.5x based on 1,000,000 and 40,000 market caps The great and unique thing about magi is that the harder it is to acquire, the higher the demand (price) increases, so those who have been mining a lot in the past get the reward on the demand. I kept most of my mined magi in a wallet so the days when magi was worth 0.005 are now paying off =) I usually find people get bored quickly if the mining rewards are not high - maybe we'll see better rewards again later on (probably if the price drops some day) I mined when i was getting 50xmg per day and never sold 1 xmg and i will not do it now either i kept all and only sent few donations. I am happy that miners are now mining magi for future worth of it, that is a good sign. Same when ppl mined darkcoin 4 years ago with great loss (me included) well now they are happy. I am not mining currently just minting. But i would mine if i have hash power that i used to have now i will rather buy some more and mint. I am excited for future especially SegWit and magipay gateway, after that i hope that Joe can get some funding so he can pay team of devs to work for him and make his dreams come true even quicker. He alone does more job than groups of devs on 90% coins out there. It is going slow but bc of him and rest of the community around magi i believe in bright future. Thanks bud, I wish we're just stepping up. It'll also be my hope as to getting most rewards fairness if that is the case that matters much.
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joelao95 (OP)
Legendary
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Activity: 1190
Merit: 1009
Coin of the Magi!
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June 22, 2017, 04:21:39 AM |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience.
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starmman
Legendary
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Activity: 1484
Merit: 1029
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June 22, 2017, 05:51:37 AM |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC...
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 22, 2017, 07:08:07 AM |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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starmman
Legendary
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Activity: 1484
Merit: 1029
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June 22, 2017, 07:11:18 AM |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them. I don't use coingecko, so not sure. Certainly its the case on CMC. If we drive a bit of volume for a few days on nova and yobit, I'm sure they will be automatically listed on CMC...
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 22, 2017, 07:14:28 AM |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them. I don't use coingecko, so not sure. Certainly its the case on CMC. If we drive a bit of volume for a few days on nova and yobit, I'm sure they will be automatically listed on CMC... Already sent Tweet to Coingecko. I do like that website with price-ticker. You can copy the price-ticker code and add it somewere else.
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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hefty
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June 22, 2017, 07:49:40 AM Last edit: June 22, 2017, 08:02:51 AM by hefty |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them. I don't use coingecko, so not sure. Certainly its the case on CMC. If we drive a bit of volume for a few days on nova and yobit, I'm sure they will be automatically listed on CMC... yeah, yobit and nova needs more and bigger sell orders between 6800 and 7500 to drive volume...i like yobit interface volume on bittrex is very healthy maybee polo will be interested again?
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111magic
Legendary
Offline
Activity: 1750
Merit: 1005
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June 22, 2017, 08:41:18 AM Last edit: June 22, 2017, 09:01:17 AM by 111magic |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them. I don't use coingecko, so not sure. Certainly its the case on CMC. If we drive a bit of volume for a few days on nova and yobit, I'm sure they will be automatically listed on CMC... yeah, yobit and nova needs more and bigger sell orders between 6800 and 7500 to drive volume...i like yobit interface volume on bittrex is very healthy maybee polo will be interested again? We could try that. But think Magi should receive some help from the community with requests towards Polo. But higher volume on the other exchanges is also very good!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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starmman
Legendary
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Activity: 1484
Merit: 1029
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June 22, 2017, 09:55:27 AM Last edit: June 22, 2017, 02:14:45 PM by starmman |
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The coinmarketcap markets page is missing few other exchanges. I did requests but seems being ignored. If more people send requests of updating extra exchanges, will get that page likely be updated that will somewhat bring us to a broad audience. I've noticed that there needs to be a minimum volume on some exchanges for it to register on CMC - They did, for instance add nova, however since we only trade a few Magi on there per day it doesn't seem to register. Would be great if the amount of magi available was spread more evenly across the exchanges. We'd probably get a few more results up on CMC... Is that on coinmarketcap only or also on coingecko? I will check it also and contact them. I don't use coingecko, so not sure. Certainly its the case on CMC. If we drive a bit of volume for a few days on nova and yobit, I'm sure they will be automatically listed on CMC... yeah, yobit and nova needs more and bigger sell orders between 6800 and 7500 to drive volume...i like yobit interface volume on bittrex is very healthy maybee polo will be interested again? I've added about 15-20% of my total wallet value into yobit and nova over the last week - I think that will help to increase volumes a little - but I'm not a massive holder so my impact alone wont be anywhere near enough. Every little helps, I guess... I don't think we stand much chance with Polo, I hear they have big system wide problems and are considering to delist more coins to keep their systems afloat. At present they only have 64 coins running, and I think that may drop a few more. People will start moving to other exchanges like trex, cryptopia and nova as there are more problems and less coins on Polo - better IMO would be to help build on there. Nova are expereincing massive growth and had to upgrade their systems last week - we don't have enough funds on there to make Magi look like a good buying opportunity to a larger investor.
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111magic
Legendary
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Activity: 1750
Merit: 1005
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June 22, 2017, 10:55:08 AM |
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Thanks trannamtan! Good news! Welcome in the Magi community! Joe can you add Yobit in the OP? Thanks for updating the OP Joe! Well done
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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cryptonit
Legendary
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Activity: 3038
Merit: 1053
bit.diamonds | uNiq.diamonds
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June 22, 2017, 11:17:06 PM |
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as a big XMG stakeholder i want to share a possibility to get ur girlfriend/wife involved in crypto here we go:
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111magic
Legendary
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Activity: 1750
Merit: 1005
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June 23, 2017, 06:06:07 AM |
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Cryptonit thats a big picture But we know you are a loyal Magi members so its ok!
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bitcoin: bc1qyadvvyv29z08ln2ta7g3uqwzkscr7wq4p09wuz
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hefty
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June 23, 2017, 06:47:45 AM Last edit: June 23, 2017, 07:51:54 AM by hefty |
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magi stayed above 6300 overnight time for investing it looks like it is going for another step up YoBit and PosWallet on CMC
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