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

[cryptouser]

@Minerclaim  - will you finally credit those 0.5 - 0.6 xmg I wrote you about more than 2 weeks ago ?? Maybe you don't check your inbox regularly 

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[Melfyce]

Hello I discovered XMG today and I am intrigued by the project.
Is it still profitable to mine this coin?
I have a dual xeon (X5650) setup. What is the approximate hashrate of this setup?

Best regards

[mimokrokodil]

Is it still profitable to mine this coin?

NO. Block reward is ridicilously low now because network hashrate is very high.
We'll see some profit if XMG price makes (or block reward) will make x50 at least.
I was getting like $0.1(XMG 0.1)/day per 6-core i7 and dropped it.
Just a few months ago same CPU was making up to 25 XMG/day.

[qq386437050]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

[edward0181]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

[qq386437050]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

[qq386437050]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

Are people mining or buying for collection? The smart people have already sold all the coins. If you benefit from investment, any coin will be more interesting than this

[Bitcoin Marketinging]

How can I use Magi in real life?

[edward0181]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

Are people mining or buying for collection? The smart people have already sold all the coins. If you benefit from investment, any coin will be more interesting than this

IMG simply tells it... as with all investments, buy low, sell high... plenty of profit to make.

[DataAnalyst]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

 

Yeah, LTC was 0.034 in 2013, it's 0.016 now, and of course, many other coins lost their sat value as BTC went up...cause it's $ that matters

[The Frisian]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

Are people mining or buying for collection? The smart people have already sold all the coins. If you benefit from investment, any coin will be more interesting than this

IMG simply tells it... as with all investments, buy low, sell high... plenty of profit to make.

Right, you can't make money when the price only goes up, you can't make money when the price only goes down.
You make your money when the price keeps going up and down.
Therefore XMG  (and GRS) are very good coins. (and there are more)
Sell all your coins at the pump, buy back more at the dump, that's the way I do it, for more than 3 years already.
And you're right the pump of end december was a really profitable one, because this one remained longer.
The highest pump was the poloniex delisting pump mai 2017, price until 36K.

[edward0181]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

If the BTC rate of the coin is still around 0.0008 (was 0.0016 last month though), and BTC/USD price rose sky high... (from 900 USD jan 2017 to 11.000 today), then price of XMG rose with it, or didn't it?
XMG was abt 0.015 USD in 2014, now it is abt 0.80 USD (and even 1.5-1.6 few weeks ago) is abt 53 time more USD worth

*just my few XMG cents*

That is the revaluation of bitcoin, XMG itself does not matter. If this is the contrast, all the coins surpass the XMG

Are people mining or buying for collection? The smart people have already sold all the coins. If you benefit from investment, any coin will be more interesting than this

IMG simply tells it... as with all investments, buy low, sell high... plenty of profit to make.

Right, you can't make money when the price only goes up, you can't make money when the price only goes down.
You make your money when the price keeps going up and down.
Therefore XMG  (and GRS) are very good coins. (and there are more)
Sell all your coins at the pump, buy back more at the dump, that's the way I do it, for more than 3 years already.
And you're right the pump of end december was a really profitable one, because this one remained longer.
The highest pump was the poloniex delisting pump mai 2017, price until 36K.

And once the BTC storm @ gouverments calm down all prices will rise again. It's been a steady rise in price... let's just see where it'll end.
We just need some more volume on exchanges I'd say

[nikaeen]

Are my coins in Cryptopia safe? Can't even trade it inside the exchange right now 😞

https://www.cryptopia.co.nz/Exchange/?market=XMG_BTC

Cryptopia market is already open!

Could you charge your wallet? I couldn't!

[CryptoKhajiit]

Are my coins in Cryptopia safe? Can't even trade it inside the exchange right now 😞

https://www.cryptopia.co.nz/Exchange/?market=XMG_BTC

Cryptopia market is already open!

Good news!

[HeftyMagi]

This coin is 0.00008 at the time of 2014. 4 years later, it is still the same value. Many years of appreciation are bitcoin, not the coin itself. One of the worthless coins

lol u just want to buy in again 

[111magic]

Magi continues growing. Thanks & welcome all new followers & crypto friends!

[edward0181]

Magi continues growing. Thanks & welcome all new followers & crypto friends!

And as Magi does, so will new people learn to appreciate it.

[ParaplegicRacehorse]

How can I use Magi in real life?

Much like any other coin, you basically can't. There are payment gateways for cryptocurrencies for online stores. They are largely un-implemented by vendors, or the vendors are picky about which coin(s) they accept. The m-pays project may or may not solve that a little bit. There is not actually a technical challenge in setting this up.

There is a big social challenge, though. Cryptocurrencies still have very little market penetration at the retail or retail-services (like your phone and power bill) level. Furthermore, there are a little over 1,000 coins for a company to choose whether to accept - not counting NEO, ETH, etc. smart tokens. Coin valuations fluctuate wildly in the trading marketplaces, making it very difficult for a vendor to price their goods and services in crypto.

The only way to use it in real life is to negotiate and barter. Search and hunt. Otherwise, it's useful only as a trade asset like stocks and bonds. Just like pretty much every other cryptocurrency including the 900lb gorilla that is Bitcoin.

[TashaSkyUp]

Hi everyone, sorry im new to the forums. Though ive been mining XMG and buying it for about 6 months now. Back before the hardfork.. and after the... problems.. I transfered 133 coins to cryptopia. They still have not credited me or responded to my service ticket. I'm very,very upset, how do i yell at them?

[brainland]

$XMG should worth 50$ by now. WTF... There should be a great marketing towards it. The growth is damn slow or not even growing