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

[starmman]

I agree with you a little. I think not only the mining & rewards will give more trading volume. Articles, new services & developments will give Magi more volume.
Magi has a unique community what could give Magi a huge boost if we all work together and use eachothers contacts. It might take time but Magi will achieve that and continues working on awesome future.

get a life, man. who cares about magi community?! magi is currently at 5-months low with unprofitable mining or staking. no future there, no matter how many people you welcome into the community (lol)

Check out the price of the coin last October - volume, cap and price are way up - this coin has come a long way in 12 months. Its only natural that there is a bit of correction in a global alt bear period

[The Frisian]

** just to clarify: nobody will care about magi as the miners trading in coins generate the spikes that get people trading...if nobody is mining any magi worth noting there is no selling and no spikes (and no "spikes" that are really just fluctuations in BTC value arent spikes regardless of what a chart looks like, it was the 20-33c value spiking back when magi was delivering moderate mining rewards that pushed the coin up)

That spike was in the time you could not send your coins into Bittrex, because of the forking problem.
After this was solved and the trading started again the price only lowers and no big spikes came along anymore.
So I don't think these spikes had to do with the mining rewards. (unless it attracted more people to invest in Magi)

[starmman]

** just to clarify: nobody will care about magi as the miners trading in coins generate the spikes that get people trading...if nobody is mining any magi worth noting there is no selling and no spikes (and no "spikes" that are really just fluctuations in BTC value arent spikes regardless of what a chart looks like, it was the 20-33c value spiking back when magi was delivering moderate mining rewards that pushed the coin up)

That spike was in the time you could not send your coins into Bittrex, because of the forking problem.
After this was solved and the trading started again the price only lowers and no big spikes came along anymore.
So I don't think these spikes had to do with the mining rewards. (unless it attracted more people to invest in Magi)

I didn't see any clearly obvious mining dumps for a while - when the market cap was $40,000, miners dumping could easily take 10-20% off the price. Good trading back then.

EDIT: I think the mining rewards are much more evenly distributed these days

[jbi]

Hi,
Is there any console wallet for magi?
I tried with magid but it seems to be some kind of deamon.

Thanks

[starmman]

Hi,
Is there any console wallet for magi?
I tried with magid but it seems to be some kind of deamon.

Thanks

I think that's it

you'd run it somehting like

Code:

$ magid -daemon (start daemon)
$ magicoind listreceivedbyaddress   
$ magid getbalance

note: didn't try this myself before - I always used the GUI

[defeatedtickled]

good project, I will follow it more near

[sanbashiyi]

i am really glad to see dev still active in here , XMG will have a great future , this coin have already 3 years old

i even remenber at the first time i use my personal computer  mining XMG

[eddex]

Hi,
Is there any console wallet for magi?
I tried with magid but it seems to be some kind of deamon.

Thanks

Magid is indeed the daemon, the GUI file is called m-wallet. The m-wallet doesn't run in console though, I'm not sure if there is a cli wallet.

[bridgenull]

Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all

How do you mine the coin with CPU, you will need very powerfull cpu i guess to mine some coin. This was one the first coin i got when i started with crypto and still love this coin!

I'm just mining with an i7 at the moment - I don't earn too much via mining just a few magi a week - but something is better than nothing. I get much more through trading and staking these days...

https://www.novaspirit.com/2017/10/19/crypto-mining-sbc/

The guy of the link above claims it's possible to make 1 coin per day mining with a Raspberry Pi 3. Is that even possible? On my first day mining in suprnova pool with a Pi3 I could only make 0.1 XMG or a bit less with a 5.6 khs hashrate.

[stellerankle]

Need Spanish translation?

[bridgenull]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

[The Doktor]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

[bridgenull]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

What's your hashrate with this?

[The Doktor]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

What's your hashrate with this?

About 1 megahash total.

[bridgenull]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

What's your hashrate with this?

About 1 megahash total.

Well, if 18 6-core Opterons run with 1000 KH/s, each one of them should run with ~56 KH/s. It's ten times my Pi3 hashrate (5.6 KH/s).

If you make 15 coins in a day, each 6-core Opteron should make 0.8 XMG. I made ~0.09 XMG with my Pi3 in my first day mining. Your numbers are consistent with my results and the guy's video seems to be very unrealistic. Big thanks!

[The Doktor]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

What's your hashrate with this?

About 1 megahash total.

Well, if 18 6-core Opterons run with 1000 KH/s, each one of them should run with ~56 KH/s. It's ten times my Pi3 hashrate (5.6 KH/s).

If you make 15 coins in a day, each 6-core Opteron should make 0.8 XMG. I made ~0.09 XMG with my Pi3 in my first day mining. Your numbers are consistent with my results and the guy's video seems to be very unrealistic. Big thanks!

Check the videos date. If it's a few years old, it could be quite accurate.

BTW, about mining with a Pi. Make sure you add a heatsink and check cpu temp with command "/opt/vc/bin/vcgencmd measure_temp" (without quotes) every few minutes for the 1st hour or so. Otherwise you may end up with burnt PI.

[bridgenull]

Need Spanish translation?

Sorry for the bad English. Could you answer the question?

Very doubtful. I've got 18 6-core Opterons @ 2.4Ghz and I get about 12-15 coins on most days. A Pi or an Android ain't gonna get much.

What's your hashrate with this?

About 1 megahash total.

Well, if 18 6-core Opterons run with 1000 KH/s, each one of them should run with ~56 KH/s. It's ten times my Pi3 hashrate (5.6 KH/s).

If you make 15 coins in a day, each 6-core Opteron should make 0.8 XMG. I made ~0.09 XMG with my Pi3 in my first day mining. Your numbers are consistent with my results and the guy's video seems to be very unrealistic. Big thanks!

Check the videos date. If it's a few years old, it could be quite accurate.

BTW, about mining with a Pi. Make sure you add a heatsink and check cpu temp with command "/opt/vc/bin/vcgencmd measure_temp" (without quotes) every few minutes for the 1st hour or so. Otherwise you may end up with burnt PI.

The temp varies between 77ºC and 80ºC while mining. Is that risky?

[starmman]

The temp varies between 77ºC and 80ºC while mining. Is that risky?

Less than 80 is usually okay for a Pi - you are pushing it close to its limits - so might be worth getting a better heat sink or fan attached

[bridgenull]

The temp varies between 77ºC and 80ºC while mining. Is that risky?

Less than 80 is usually okay for a Pi - you are pushing it close to its limits - so might be worth getting a better heat sink or fan attached

Ok.

My wallet is not staking. I see the message: "not staking because you don't have enough weight". What does weight mean in this context? Is that because my little amount of XMG (just 0.09)?

[starmman]

The temp varies between 77ºC and 80ºC while mining. Is that risky?

Less than 80 is usually okay for a Pi - you are pushing it close to its limits - so might be worth getting a better heat sink or fan attached

Ok.

My wallet is not staking. I see the message: "not staking because you don't have enough weight". What does weight mean in this context? Is that because my little amount of XMG (just 0.09)?

yep, your wallet wont usually stake until you have around 50XMG in there - also if you have very small, infrequent blocks, when you get to 50 you'll need to send them back to yourself as weight also drops with age