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

[starmman]

Price has been very stable over the last week in comparison to previous weeks, wonder if this is a new trend or the calm before the storm.

[1714555476]

1714555476

[1714555476]

1714555476

[Derko]

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

$0.50 you want to say?

[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

$0.50 you want to say?

50$ with its circulating supply

[Derko]

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

$0.50 you want to say?

50$ with its circulating supply

"A Real Time Crypto Investor, Analyst and HODLER"
I smell the cry of money loosing investor

[starmman]

Not sure if you guys spotted the new merit system on BCT. If not/so, here is a link which explains how it works...

https://bitcointalk.org/index.php?topic=2818350.0

[111magic]

Not sure if you guys spotted the new merit system on BCT. If not/so, here is a link which explains how it works...

https://bitcointalk.org/index.php?topic=2818350.0

He Starmman thanks. Nice to know

[starmman]

Not sure if you guys spotted the new merit system on BCT. If not/so, here is a link which explains how it works...

https://bitcointalk.org/index.php?topic=2818350.0

He Starmman thanks. Nice to know

Just tested it out - you don't lose merit for spending merit, but you only have a limited amount to spend, and you get 50% back for the amount that you recieve.

Think its a way of counteracting these bots that have been posting spam a lot recently.

[111magic]

Not sure if you guys spotted the new merit system on BCT. If not/so, here is a link which explains how it works...

https://bitcointalk.org/index.php?topic=2818350.0

He Starmman thanks. Nice to know

Just tested it out - you don't lose merit for spending merit, but you only have a limited amount to spend, and you get 50% back for the amount that you recieve.

Think its a way of counteracting these bots that have been posting spam a lot recently.

Thats a good thing. I don't like those bots posting spam. Lets see if this counteracting from bitcountalk works!

[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

$0.50 you want to say?

50$ with its circulating supply

"A Real Time Crypto Investor, Analyst and HODLER"
I smell the cry of money loosing investor

HODL  Bought at 0.4$ But I really Wanna See This Coin Moon

[DataAnalyst]

Any idea what could be the big announcement scheduled for the 1st of February ?

[starmman]

Any idea what could be the big announcement scheduled for the 1st of February ?

Not a clue - I didn't even hear that there was going to be an announcement...

[DataAnalyst]

Any idea what could be the big announcement scheduled for the 1st of February ?

Not a clue - I didn't even hear that there was going to be an announcement...

https://twitter.com/Coin_Magi_XMG/status/949750814180036609

[DataAnalyst]

@111 Magic ...could you give us a small hint on the 1st feb announcement ? 

Also, would you be kind to share some info on the team behind the XMG ?

[111magic]

@111 Magic ...could you give us a small hint on the 1st feb announcement ? 

Also, would you be kind to share some info on the team behind the XMG ?

Working on this!😉

[111magic]

COIN MAGI XMG



Website | Downloads |  Exchanges | Forum | MagiPay | CPU Miner | Features | FAQ

Facebook | Twitter | Reddit | Youtube | Freenode IRC: #magi | Slack | Telegram
Launched on Sep. 15, 2014, 5:00 PM EST

https://github.com/m-coin/m-core.org
(m-core.org source; one wants to contribute submit a pull request)

m-wallet v1.4.5.3 - (01/06/2017)



WHITEPAPER
mPoS
ROADMAP
Magi blockchain explorer
Poolinfo
Peer/map info

Summary

Magi (XMG) is a PoW/PoS hybrid coin (mPoW/mPoS). Magi is designed with difficulty dependent mining reward for proof-of-mining (PoW) blocks in order to put network hashrate under a certain limit. Magi at the first time implements a novel proof-of-staking mechanism, to frustrate potential attack through accumulating a large number of coins and offline staking time (read more..). Magi is at the first concentrating on the low cost in maintaining its block system, for example, through cost effective mining devices. To this end, Magi, aiming at fairness, cost effective and energy efficiency, strives for every single effort to make mining be available to everyone, and provides an even playing field for people looking to issue digital coins without expensive equipment.

mPoW, the magi's proof-of-work (PoW) protocol, in addition to required computational works to be done to deter denial of service attacks, is also a network-dependent rewarding model system. The mPoW rewards participants who solve complicated cryptographical questions not only to validate transactions but also to create new blocks and generate coins. The amout of coins generated are constantly monitored by the mPoW protocol and tuned on the basis of an attraction-repulsion model: 1) incremental rewarding to stimulate network activities during passive mining phase, and 2) decremental rewarding to mitigate redundant mining sources during agressive mining phase. mPoW can effectively govern the magi's network and limit it under a certain scale, enabling the general devices to be capable of mining magi. ++ For details - A network-dependent rewarding system: proof-of-mining

mPoS, the magi's proof-of-stake (PoS) protocol, aims to achieve distributed consensus through operations in addition to mPoW. mPoS is designed such that it rejects potential attacks through accumulating a large amount of coins or offline staking time, either of which leads to security concerns. Similar to mPoW's operation, mPoS is constructed in accordance with the concept of the attraction-repulsion model. Magi hybridizes mPoW with mPoS, and integrate both consensus approaches in order to acquire benefits from the two mechanisms and create a more robust payment system. ++ For details - magi's PoS

WALLETS (v1.4.5.3)

Windows
Linux
Mac OS
FreeBSD
Blockchain

EXCHANGES
Bittrex | Cryptopia | Novaexchange | TradeSatoshi |

Votinglist

Specifications
Symbol: Σ

Proof of Work (PoW)
Disable huge hash - Specific PoW block reward design to maintain the network hashrate and make mining available to CPU (more..)
M7M (v2) PoW hash function
Block time - 3 minutes
MagiQuantumWave (MQW) difficulty adjustment per block

Proof of Staking II (PoS-II)
Security enhanced - Variable coin age depending on the staking time (more..)
Minimum coin age - 2 hours
Interest rate - network weight dependent with maximum 5%;
Block time - 1.5 minutes
Block hash - SHA256
Maturity: 120
     (Set posii=0 in magi.conf to disable PoS-II)

Total supply: 25 million
RPC - 8232, P2P - 8233

Coingecko | Coinmarketcap

CPU Miners

http://m-core.org/resources/mining.html

Source: https://github.com/magi-project/m-cpuminer-v2
GUI (m-cpuminer-qt): Windows 64, 32, Mac OS X, Linux 64, Source, Github release
NeedIfFindIt's GUI Miner: Makejar download (Windows), Coinmagi.org host download
m-minerd (m-cpuminer-v2): Windows 64, 32, Mac OS X, Linux 64, Source, Github release
Spexx's minerd: Download here (Windows), Coinmagi.org host download
Guide to launch the miner
Adjust CPU mining usage: "-e cpu_efficiency" between 0 - 100 (i.e., 0 - 100%)

Code:

m-minerd -o stratum+tcp://pool_url:pool_port -u pool_user.worker -p password -t thread_numbers -e cpu_efficiency

Pools

m-hash
Suprnova
MinerClaim
ZPOOL
Yii Mining pool
MiningRigRentals
Luckypool
TrasMaMod
HashTech
Bullmining
XMGpool
More Poolinfo

Nodes
104.128.225.215
216.189.151.56
103.11.64.40

Block Explorer
CryptoID | m-chain.info

 [Magireview 2017]




 [MagiIntro Video] - What is Coin of the Magi 2014?






Videos

https://www.youtube.com/watch?v=PzdycIXR9Bc

https://www.youtube.com/watch?v=7EkAbPacS7c

https://www.youtube.com/watch?v=W71FVD6YWM8

https://www.youtube.com/watch?v=jpvpO0OE7Dw

https://www.youtube.com/watch?v=UaJKTWugF8s

News & Guides


Android mining: https://steemit.com/cryptocurrency/@dury10/it-s-time-for-payback-put-your-old-andoid-device-to-work-for-you-start-mining-using-old-android-devices

Mining guide Pi: https://steemit.com/cryptocurrency/@dury10/start-mining-coin-magi-xmg-with-0-unix-experience-on-a-raspberry-pi-or-any-other-sbc

POS Guide: http://telegra.ph/MAGI-PROOF-OF-STAKE-MINTING-MANUAL-01-09

Poolattractor pools: https://poolattractor.com/pools/

Mining calculator: https://magicalc.herokuapp.com/

Mining Orange PI: https://poolattractor.com/image-mining-coin-magi-orange-pi-zero/

Install Magi wallet on Pi: https://beat.10ztalk.com/2017/10/24/how-to-install-coin-magi-wallet-on-your-raspberry-pi/

Light Splasher Graphics: http://www.lightsplasher.com/2015/magi-coin-review/

Crypto Mining Blog: http://cryptomining-blog.com/4491-cpu-mining-the-coin-magi-xmg-what-can-you-expect/

Crypto Mining Blog: http://cryptomining-blog.com/4459-are-you-looking-for-a-cpu-crypto-coin-try-coin-magi-xmg/

Crypto Mining Blog: http://cryptomining-blog.com/4017-coin-magi-xmg-cpu-only-alternative-crypto-currency/

Cryptos.Us: http://cryptos.us/crypto-news/item/58-coin-magi-a-unique-cpu-coin

Magi app (in progress?) : https://play.google.com/store/apps/details?id=com.aaronnebbs.magistats&hl=en

[FAQ Check Guides above for more anwers on FAQ]
FAQ
1. The staking has "Not enough weight", what should I do?
For the regular PoS, "Not enough weight" means insufficient staking time. For Magi's PoS (mPoS), however, the cause can be correlated with the over-time staking. The latter is a typical issue raised by people from time to time. There is only one way to solve this which can be done via resetting staking from scratch: send XMG to another address in the same or another wallet. You may want to use the "Coin control" feature in order to select the input sources. Do not try to stake with a significant amount of XMG that mitigates the weight as well. Once this is done, remaining the wallet running shall gains some staking weights.

Logo:

http://coinmagi.org/files/logo/v2
Old version: http://coinmagi.org/files/logo/v1

Coin of the Magi XMG

The team of Magi consists of many lovers of the digital currency.
Main developer is Joe Lao, a real genius with a vision.
Joe finished in 2014 in the top 5 of the election of best developers in the world in the field of digital currencies
Magi started in 2014 without ICO. Other enthusiasts supported Joe and formed a team. Since most of the work is done by the volunteer team members, some developments take longer than other currencies that have a large fund to pay for new developments.
It is difficult to mention all names here as we do not want to pass people. Many are active here but also in the other channels of Magi such as Slack, Telegram, Reddit, Steemit etc. For example; ex33s, Goldlabel, Filoozom, Suntribe, Magicoin, dury10 & many more.
Soon there will be a list of names of the team members and be placed here.
Magi XMG is a unique project that stays true to our goals & follows its own unique route. Built for all people & backend by growing international friendly community. MAGI XMG FAIR & UNIQUE, CREATED TO IMPROVE THE QUALITY OF THE CRYPTO WORLD!

[ParaplegicRacehorse]

Also, would you be kind to share some info on the team behind the XMG ?

I've been asking this for weeks with basically no response. Joe did an itty-bitty personal Q&A somewhere around this thread 1120. Nobody else has been very responsive. I keep threatening to PM starman and joe for tech details so I can write up a thing for the marketing efforts - which are so minimal they may as well not exist, BTW.

Want to see this coin gain and then stabilize in value (eventually, maybe, someday, (probably never, just like every other coin))? Great. Let's form a non-profit corporation; fund it with, well, anything from anywhere. Then actually pay developers and a marketing team.

What we currently have is basically the results of a volunteer dev+marketing team. The team did not bootstrap any sort of foundation with a pre-mine or ICO, so there are no funds to support development or marketing.

@111magic, do you have any more to say on this topic? I know you have been talking a little on #slack about finding a way to fund a marketing campaign.

[111magic]

Also, would you be kind to share some info on the team behind the XMG ?

I've been asking this for weeks with basically no response. Joe did an itty-bitty personal Q&A somewhere around this thread 1120. Nobody else has been very responsive. I keep threatening to PM starman and joe for tech details so I can write up a thing for the marketing efforts - which are so minimal they may as well not exist, BTW.

Want to see this coin gain and then stabilize in value (eventually, maybe, someday, (probably never, just like every other coin))? Great. Let's form a non-profit corporation; fund it with, well, anything from anywhere. Then actually pay developers and a marketing team.

What we currently have is basically the results of a volunteer dev+marketing team. The team did not bootstrap any sort of foundation with a pre-mine or ICO, so there are no funds to support development or marketing.

@111magic, do you have any more to say on this topic? I know you have been talking a little on #slack about finding a way to fund a marketing campaign.

Yes amigo i will respond on this tonight.
So quote reserved!😉

Here it is amigo. I joined Joe in 2014 without any knowledge of digital currencies. I'am still learning every day. During 2014 i started to help Magi with promotions/marketing. It started as hobby. In these days value of Magi was maybe 0.01$
I started to use Twitter and at this moment we passed 13000 followers.👍
I made some awesome give-aways & campaigns. Best campaigns were the Proof of Interest campaigns.
I liked working for Magi & building a awesome huge & friendly community. Personal: I have a young family with two kids & fulltime job. Oh and a great blond wife😉
During the years i used lots of time to promote Magi. And no not for own gain because i gave more than 120k XMG away during campaigns. Just because i love the idea behind Magi & i like to build a huge community & great future for Magi.
During the last 6 months it was difficult for me to keep up.
Magi grew bigger and we needed more people helping.
And it happend. Its very easy to ask people to do something & pay them. As you all know Magi started old-school, without ICO & teammembers are not whales.
Asking people for free help takes more time.
Thats maybe why Magi continues growing step by step.
Its ok because Magi is a long-term digital currency.
Value went up from 0.01$ to 0.80$ in the last 3 years.
Thats great but Magi is far from finished. We like to achieve many new developments and improvements thid year. The reason i asked for donations is simple. Some big exchanges ask payments for adding currencies.
If we like to grow bigger we need more exchanges to reach more people.
Hope i give you all some more info about me & my ideas.

[goldlabel]

Also, would you be kind to share some info on the team behind the XMG ?

I've been asking this for weeks with basically no response. Joe did an itty-bitty personal Q&A somewhere around this thread 1120. Nobody else has been very responsive. I keep threatening to PM starman and joe for tech details so I can write up a thing for the marketing efforts - which are so minimal they may as well not exist, BTW.

Want to see this coin gain and then stabilize in value (eventually, maybe, someday, (probably never, just like every other coin))? Great. Let's form a non-profit corporation; fund it with, well, anything from anywhere. Then actually pay developers and a marketing team.

What we currently have is basically the results of a volunteer dev+marketing team. The team did not bootstrap any sort of foundation with a pre-mine or ICO, so there are no funds to support development or marketing.

@111magic, do you have any more to say on this topic? I know you have been talking a little on #slack about finding a way to fund a marketing campaign.

"Joe did an itty-bitty personal Q&A somewhere around this thread 1120" did he not say what color his hair is or his eyes?

[starmman]

Also, would you be kind to share some info on the team behind the XMG ?

I've been asking this for weeks with basically no response. Joe did an itty-bitty personal Q&A somewhere around this thread 1120. Nobody else has been very responsive. I keep threatening to PM starman and joe for tech details so I can write up a thing for the marketing efforts - which are so minimal they may as well not exist, BTW.

Want to see this coin gain and then stabilize in value (eventually, maybe, someday, (probably never, just like every other coin))? Great. Let's form a non-profit corporation; fund it with, well, anything from anywhere. Then actually pay developers and a marketing team.

What we currently have is basically the results of a volunteer dev+marketing team. The team did not bootstrap any sort of foundation with a pre-mine or ICO, so there are no funds to support development or marketing.

@111magic, do you have any more to say on this topic? I know you have been talking a little on #slack about finding a way to fund a marketing campaign.

Yes amigo i will respond on this tonight.
So quote reserved!😉

Evergreen Coin have added a charity staking feature to their wallet - which enables to donate a percentage of reward to good causes or marketing campaigns, its currently helping to fund a school in a refugee camp - maybe something similar could be added to magi to get some funds in, although a little more difficult as we are PoW and PoS.

[ParaplegicRacehorse]

Evergreen Coin have added a charity staking feature to their wallet - which enables to donate a percentage of reward to good causes or marketing campaigns, its currently helping to fund a school in a refugee camp - maybe something similar could be added to magi to get some funds in, although a little more difficult as we are PoW and PoS.
[/quote]

I think something like that is a great idea. Just a little tick-box in the wallet with a text field to enter a % amount?