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

[RinceWind84]

LOL I see what you did there

I have a somewhat general question actually.

Not solely related to this coin.

But I am one of those sorry souls who actually mined bitcoins back when it was possible to do on cpu.

As far as I can recall, I was solo mining directly from wallet. And I think that GPU-mining was still in a beta/experimental stage. All I remember for sure is that the interface looked something like the old dos defragmentation that sometimes happened after a crash on say windows 95. Lots and lots of red squares and every once in a while a whole screen of green ones. So something tells me that I've actually managed to hit at least a couple of blocks.

The sad thing though is that when my old computer died, I did try to back-up my wallet. But I´ve only managed to save the "somecredentials".wallet and not the actual wallet.dat. I am not sure whether I simply did not know any better or if maybe it was hidden by windows as a hidden file. Either way, it's gone. Harddrive had the nail+hammer treatment and is now in some landfill somewhere. I have also searched through every tiny slit of paper in my "paperslit-storage" for the chance to find a mnemonic-seed but to no avail.

I have sort of come to terms with this now, and am actually happy that I don't remember how many, if any, bitcoins I actually managed to mine.

So I guess you can grasp how I would very much like to never make the same mistake again.

TL;DR - My question is. If I backup my wallet.dat from any given crypto-currency today. Will it then be enough to restore funds that are mined after said backup?

I'm guessing the answer is yes but I really want to make sure :-)

[starmman]

LOL I see what you did there

I have a somewhat general question actually.

Not solely related to this coin.

But I am one of those sorry souls who actually mined bitcoins back when it was possible to do on cpu.

As far as I can recall, I was solo mining directly from wallet. And I think that GPU-mining was still in a beta/experimental stage. All I remember for sure is that the interface looked something like the old dos defragmentation that sometimes happened after a crash on say windows 95. Lots and lots of red squares and every once in a while a whole screen of green ones. So something tells me that I've actually managed to hit at least a couple of blocks.

The sad thing though is that when my old computer died, I did try to back-up my wallet. But I´ve only managed to save the "somecredentials".wallet and not the actual wallet.dat. I am not sure whether I simply did not know any better or if maybe it was hidden by windows as a hidden file. Either way, it's gone. Harddrive had the nail+hammer treatment and is now in some landfill somewhere. I have also searched through every tiny slit of paper in my "paperslit-storage" for the chance to find a mnemonic-seed but to no avail.

I have sort of come to terms with this now, and am actually happy that I don't remember how many, if any, bitcoins I actually managed to mine.

So I guess you can grasp how I would very much like to never make the same mistake again.

TL;DR - My question is. If I backup my wallet.dat from any given crypto-currency today. Will it then be enough to restore funds that are mined after said backup?

I'm guessing the answer is yes but I really want to make sure :-)

The answer is mostly yes - you may also need to run a 'repairwallet', and sometimes virtual addresses split from your main address if you make lots of deposits and transactions (you can see this under coin control - by checking advanced features - there will be additional addresses listed)

I usually take a backup every couple of months just to be sure - but in theory you should be fine just to take a backup and store it. If you have an offline wallet and only deposit to it you'll only need one backup.

Shame about the lost BTC - I know a few people in the same boat (I stood on the fence and didn't get on the boat early enough, and if I did I probably would have sold most at $10).

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

[RinceWind84]

Ok. Thank you for that explanation.

I will make sure to make backup every couple of months or so :-)

[The Frisian]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

[111magic]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

[The Frisian]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

You can't withdraw your BTC from bittrex right now, because of the coming Fork.
By the way, they expect Bitcoin Gold should have a low price, also because of the non asics algorithm.
When the difficulty lowers you can mine it with GPU, using the Equihash algorithm.
They wanted it as a cpu coin, but did not succeed. Also solo mining will not be possible, because of the high difficulty.
They wanted Bitcoin Gold as the coin satoshi wanted, but only Magi is.

[111magic]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

You can't withdraw your BTC from bittrex right now, because of the coming Fork.
By the way, they expect Bitcoin Gold should have a low price, also because of the non asics algorithm.
When the difficulty lowers you can mine it with GPU, using the Equihash algorithm.

Whats the price of Bitcoin Gold? Think they sell high and drops after 2 weeks looking for stable value

[starmman]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

You can't withdraw your BTC from bittrex right now, because of the coming Fork.
By the way, they expect Bitcoin Gold should have a low price, also because of the non asics algorithm.
When the difficulty lowers you can mine it with GPU, using the Equihash algorithm.

Whats the price of Bitcoin Gold? Think they sell high and drops after 2 weeks looking for stable value

Currently 0.08 - I sold out on yobit already - the $46,000,000 premine doesn't sit well with me

[111magic]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

You can't withdraw your BTC from bittrex right now, because of the coming Fork.
By the way, they expect Bitcoin Gold should have a low price, also because of the non asics algorithm.
When the difficulty lowers you can mine it with GPU, using the Equihash algorithm.

Whats the price of Bitcoin Gold? Think they sell high and drops after 2 weeks looking for stable value

Currently 0.08 - I sold out on yobit already - the $46,000,000 premine doesn't sit well with me

Its way to high. So much premine!!

[starmman]

Magi seems a bit quiet today - think people are waiting out for the fork on the 25th

Bit quiet?
Less than 0.6 BTC traded on bittrex today.
But always be prepared for the ninja p&d guy.

Hmm lets see what will happen after 25th....

Other dates for the Diary are
Nov 1st when there is another hard fork and 90 days since segwit activation
Nov 15th when BIP-148 segwit proposal expires

[starmman]

Its way to high. So much premine!!

That's at current price - total is 100,000BTG

Feels like a big scam to me

[111magic]

Its way to high. So much premine!!

That's at current price - total is 100,000BTG

Feels like a big scam to me

Yes have the same feeling!
I never like ICO or premined coins.
Many bad experiences

[starmman]

Its way to high. So much premine!!

That's at current price - total is 100,000BTG

Feels like a big scam to me

Yes have the same feeling!
I never like ICO or premined coins.
Many bad experiences

Here is some info from trex (also backing up info about the premine - as there are some sources stating that there isn't one)
https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-

[111magic]

Its way to high. So much premine!!

That's at current price - total is 100,000BTG

Feels like a big scam to me

Yes have the same feeling!
I never like ICO or premined coins.
Many bad experiences

Here is some info from trex (also backing up info about the premine - as there are some sources stating that there isn't one)
https://support.bittrex.com/hc/en-us/articles/115002320451-Statement-on-Bitcoin-Gold-BTG-

Thanks amigo i will read it.

[starmman]

Thanks amigo i will read it.

From trex: -
Bitcoin Gold does not currently have:

* Fully formed consensus code
* Implemented replay protection
* Adequate code for testing and auditing
* Publicly known code developers

[111magic]

Thanks amigo i will read it.

From trex: -
Bitcoin Gold does not currently have:

* Fully formed consensus code
* Implemented replay protection
* Adequate code for testing and auditing
* Publicly known code developers

Noticed a tweet about Bitcoin Gold from Poloniex

https://twitter.com/Poloniex/status/922696754667098113

[starmman]

Noticed a tweet about Bitcoin Gold from Poloniex

https://twitter.com/Poloniex/status/922696754667098113

Thanks for sharing - price on yobit has dropped from 0.08 to 0.05 today - I'm glad I sold out when I did =)

[111magic]

Noticed a tweet about Bitcoin Gold from Poloniex

https://twitter.com/Poloniex/status/922696754667098113

Thanks for sharing - price on yobit has dropped from 0.08 to 0.05 today - I'm glad I sold out when I did =)

Wow good call Starmman. 💪

[starmman]

Wow good call Starmman. 💪

Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.

[111magic]

Wow good call Starmman. 💪

Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.

How is the volume on Novaexchange & Cryptopia?