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

[111magic]

Magi is 3 years old now & will only get better!

In Mai this year Magi was around 30 cent only for one hours or so.
I missed that opportunity, I would definitely have sold all my Magi for that price.
Nowadays Magi is almost 35 cent and no one wants to sell their Magi, including me.
Very strange 

Yes thats right. Might be because people knows Magi continues being a long-term currency. Magi has still moments and than suddenly awesome improvements show up. After that value will raise step by step followed with the next still period. And so on & on. Roadmap shows great developments so people has no rush selling their XMG.

[akkon888]

Hello all,

I am new to mining. I have started mining using a pool and see these numbers "Est. Shares this round: XXXXXX (done YYY.YY%)." What are the reasons of the percentage continuously being over 100%? This seems to me, that the mining is inefficient. Sorry if my English is bad.

Thank you,

akkon

[Myth888]

Hello all,

I am new to mining. I have started mining using a pool and see these numbers "Est. Shares this round: XXXXXX (done YYY.YY%)." What are the reasons of the percentage continuously being over 100%? This seems to me, that the mining is inefficient. Sorry if my English is bad.

Thank you,

akkon

the last upgrade changed some parameters to Pos and Pow which is making estimates overblown. It should be corrected on the next upgrade but for now it will display wrong values. It is similar in all pools. value i think is 4x higher than it should be.

[starmman]

Wow, BTC is up to over 10k

That also puts Magi to is highest market cap at $2.75m =)

Happy Wednesday

[AtomicNixon]

Hey kids, just dropped in to see if the current madness has made CPU mining back into a thing.  Oh hell, let's get to the point..  THREADRIPPER IS A MONSTER, AT 3.8 GHZ I GET 460 kh/s AND COULD MINE AT 4.1 GH EAZY!

...but I won't.  Although the lure of a whole 3-4 dollars a day is enticing, I think I'll be having my baby crunch away at something a bit more rewarding.... 3D psychedelic fractal videos for the music industry.

I'd just like to thank the Dev because mining Magi in no small part got me the $150 in 1 sat shit-coins that became the long-shot bet (Ldoge!) that became this beautiful chip, board and ram.  In all seriousness, my thanks. 

[starmman]

Hey kids, just dropped in to see if the current madness has made CPU mining back into a thing.  Oh hell, let's get to the point..  THREADRIPPER IS A MONSTER, AT 3.8 GHZ I GET 460 kh/s AND COULD MINE AT 4.1 GH EAZY!

...but I won't.  Although the lure of a whole 3-4 dollars a day is enticing, I think I'll be having my baby crunch away at something a bit more rewarding.... 3D psychedelic fractal videos for the music industry.

I'd just like to thank the Dev because mining Magi in no small part got me the $150 in 1 sat shit-coins that became the long-shot bet (Ldoge!) that became this beautiful chip, board and ram.  In all seriousness, my thanks. 

Haha, congratulations at getting your hardware - LDOGE is always worth a bet - I still have a few million of those waiting to piggyback on the next DOGE pump. Price is down to 1sat again now

[jpx3m]

Wow wow wow. Good thing i discovered Magi when it started and good thing I made a backup of my wallet in a cloud storage before my PC got busted. though not as much as most of us here it still is an amount that puts a smile on my face. Hopefully it goes straight up.

[akkon888]

Hello again,

I have read paper by Joe that says optimal network hash rate is 48 mh/s, however cuurent rate is much higher. Is there a method that lowers this rate, or we assume some miners will leave, reducing the rate?

[111magic]

Hello again,

I have read paper by Joe that says optimal network hash rate is 48 mh/s, however cuurent rate is much higher. Is there a method that lowers this rate, or we assume some miners will leave, reducing the rate?

Some miners will leave because the blockrewards will be lower when big hashrate will join in. If i'am correct Joe posted some time ago he will work on improvements and developments about this & more.

[111magic]

I would like to share some other thoughts.
I think it would be very good for the future of Magi if we can get more attention for Magi to the growing crypto-workd. Because of the huge attention BTC receives at this moment more and more people are starting with Crypto.

New campaigns, articles and other things are needed for that. But not all things are free in Crypto-world. Personal i donated more than 100k xmg for promotions & campaigns. I hope our awesome Magi community would help with some crowdfunding to achieve new campaigns & promotions. Like a cool give-away or something else.
If you like to support Magi check the btc address in my profile or the xmg address in my signature.
Because i'am promoting Magi for more than 3 years now,
i dare to ask this. Thanks for reading!

[benedictonathan]

Interesting concept, first time I saw this and got impressed by the overall plans and things that were already executed for this coin. Are there any tangible whitepapers and roadmaps that I can check on this. This is truly some interesting concepts put here.

[111magic]

Interesting concept, first time I saw this and got impressed by the overall plans and things that were already executed for this coin. Are there any tangible whitepapers and roadmaps that I can check on this. This is truly some interesting concepts put here.

Welcome benedictonathan! Thanks for your post.
Yes you can check lots of info here: https://bitcointalk.org/index.php?topic=735170.0
Or here: http://www.m-core.org/getting-started/
https://roadmap.coinmagi.org/

[Andrey123]

Hey.
How many coins are needed to start mining?
and how to install a purse on the Raspberry?

[starmman]

I would like to share some other thoughts.
I think it would be very good for the future of Magi if we can get more attention for Magi to the growing crypto-workd. Because of the huge attention BTC receives at this moment more and more people are starting with Crypto.

New campaigns, articles and other things are needed for that. But not all things are free in Crypto-world. Personal i donated more than 100k xmg for promotions & campaigns. I hope our awesome Magi community would help with some crowdfunding to achieve new campaigns & promotions. Like a cool give-away or something else.
If you like to support Magi check the btc address in my profile or the xmg address in my signature.
Because i'am promoting Magi for more than 3 years now,
i dare to ask this. Thanks for reading!

Hey, I'll see if I can get something together over the next few days, I'm still not a massive holder - but every little helps right?

[starmman]

Hey.
How many coins are needed to start mining?
and how to install a purse on the Raspberry?

You dont need coins to mine - but you do to stake - You'll need at least 100, the more the better - I stake in blocks of 500

https://www.reddit.com/r/coinmagi/comments/7bx1ws/magi_coin_wallet_on_raspberry_pi/

[111magic]

I would like to share some other thoughts.
I think it would be very good for the future of Magi if we can get more attention for Magi to the growing crypto-workd. Because of the huge attention BTC receives at this moment more and more people are starting with Crypto.

New campaigns, articles and other things are needed for that. But not all things are free in Crypto-world. Personal i donated more than 100k xmg for promotions & campaigns. I hope our awesome Magi community would help with some crowdfunding to achieve new campaigns & promotions. Like a cool give-away or something else.
If you like to support Magi check the btc address in my profile or the xmg address in my signature.
Because i'am promoting Magi for more than 3 years now,
i dare to ask this. Thanks for reading!

Hey, I'll see if I can get something together over the next few days, I'm still not a massive holder - but every little helps right?

Yes thats right. Thanks Starmman

[starmman]

Does anybody on here know who controls the subreddit?

It could do with a little update - some links are stale and there is some problem with the backdrop.

The number of subscribers on there has doubled over the last couple of weeks.

[111magic]

Does anybody on here know who controls the subreddit?

It could do with a little update - some links are stale and there is some problem with the backdrop.

The number of subscribers on there has doubled over the last couple of weeks.

Pls post link Starmman

[starmman]

Does anybody on here know who controls the subreddit?

It could do with a little update - some links are stale and there is some problem with the backdrop.

The number of subscribers on there has doubled over the last couple of weeks.

Pls post link Starmman

Sure its here: -

https://www.reddit.com/r/coinmagi/

[kalimancr]

Hey admin:

  This is absurd, about 15 Hours mining at 30k and only 0,04 xmg !!!