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

[s0litaire]

One silver lining in all this...

Drop off of miners and a fluctuating Net Hashrate means it's producing some large payouts cycles!

Looking at last few days, rewards increasing again...
In that way it's mission accomplished. Big hashers now leaving as there isn't any profit for them. That was the way XMG was developed.
But seriously, do hope this project is getting back on tracks and return to where it was few months ago.
I'm going down with this ship if it goes...

Same here
It's not costing me much to keep my rpi's running.

[The Frisian]

Same here
It's not costing me much to keep my rpi's running.

If you have something like 3 MH/s it gives you around 25 $cents a day.
Then it should cost you really nothing at all.
Keeping those 3 MH/s alive costs you much more than 25 $cents a day I presume.

[MinerVGA1]

I get that people are upset about losing bittrex but in the end the success of Magi boils down a community of users. The dev can make the best wallet on earth with every colorful icon imaginable and get magi pay running like a clock, but if nobody accepts it as payment and the blocks stay empty there is no use. I got into magi about a month back because of Cpu mining, I have a gpu rig which is not profitable because of asics. Even Lyra algo now has asics. I am currently trying to get some friends into crypto during my up coming winter break, of course all of them want to mine something as they are all to scared to put in hard earned money. With the current dip I have bought a bunch of XMG at low prices so I can give them about 150 coin each so they can run a staking wallet and CPU mine on a pool. Atm they only way I can support the XMG community is to help spread the word on foot. Also XMG at this low price is in a position to help people learn crypto. It is a no brainer, The Block chain fits on my USB stick, my buds can learn to run a wallet, stake a coin and mine! All in one visit to their homes! Lets all pitch in and grow the number of network nodes and users for now, forget price for the coming year and try to get a 1000 nodes by this time next year!! Price will follow, along with more devs, mobile wallets and P2P/POS systems.

Just my 2 Cents. We can't just sit around waiting for the dev to make us rich lol. That's crazy why should he carry all of us and our investments of money or hash power on his back? We are not his boss! Think about it, he does not owe us anything! This coin was not an ICO! We owe it to ourselves to stop bickering about dev posts and spread some nodes!

BTW Happy Halloween :-)

BTW if you can run a full node please do so!  Don't worry about MIA dev cause if he is gone for too long and we have a huge network we can fork the Github and other devs would be happy to update wallets for an established network. 

[Nick808]

One silver lining in all this...

Drop off of miners and a fluctuating Net Hashrate means it's producing some large payouts cycles!

Looking at last few days, rewards increasing again...
In that way it's mission accomplished. Big hashers now leaving as there isn't any profit for them. That was the way XMG was developed.
But seriously, do hope this project is getting back on tracks and return to where it was few months ago.
I'm going down with this ship if it goes...

im hope that this ship will not sink ahead of time. there are a lot of interesting points in the project and the fact that many miners are leaving on the one hand is very bad on the other hand for newcomers it may be most profitable now to enter it. maybe it is the new members of the community that will give the impetus that this project needs.

[starmman]

Nice to still see positive posts here! Looks like there is still plenty of interest in Magi =)

Lets hope it translates to some good volume during the next bitcoin surge

[tazzz013]

Nice to still see positive posts here! Looks like there is still plenty of interest in Magi =)

Lets hope it translates to some good volume during the next bitcoin surge

I agree, but don't you agree Joe should come out and say something?

[The Frisian]

Well, one positive point.
Big miner farms go away, so the mining reward tenfolds.
Price is back like old times, mining reward as old times.
Let's make Magi great again!
How about that, Joe?

[MinerVGA1]

Nice to still see positive posts here! Looks like there is still plenty of interest in Magi =)

Lets hope it translates to some good volume during the next bitcoin surge

I agree, but don't you agree Joe should come out and say something?

Lol why? Should satoshi perhaps say something about bitcoin? I don't know joe but things could be worse, this could be another another Litecoin fork like countless other shit coins. We have something different here. A hash algo that creates a true one cpu one vote in regards to mining. After looking through this, it is my favorite coin from a mining point of view! If joe gets hit by a bus we are still in a good place. The coin is old which is also good. Anecdotally  If we look back at how long a coin has been around it will be a good predictor of how much longer it will last. Bitcoin is 10 So it will make it at min another 10. Magi is 5 so statistically it will be around another minimum of 5. ( I get this line of reasoning from Musical Theater Plays as how ever long a musical play is popular to date tends to be half way through it life cycle) Lol :-)

You may bet on your investment on Joe, that's cool, Me? I invest time, money and computing resource to Nodes.... aka Network Effect .... which becomes adoption.

Right now my wallet has 11 connections, there are 96 Full nodes online with half probably mining pools, Block explorers and exchanges. Lets' say 50 nodes are real human users of XMG we should set a goal of each of us getting 1 friend or family memeber a XMG wallet and give them 150 coins to stake with. Actually I just decided to make it my secret santa gift Lol a USB stick with pre installed wallet and 150 coins to stake... the only gift you'll get that will keep on giving. (Along with free installation)

Secret Santa has to be "home made" this year anyways. Anyways we need nodes... don't worry about satoshi joe :-) Worst case Ontario we will fork the code next year if he doesn't come back. 

[DesktopCommando]

For this Communities Information - XMG is going to be listed free of charge on https://emblemvault.com/ 's DEX, due to be released very soon.

https://coinscribble.com/emblem-vault-announces-support-for-more-than-500-cryptocurrencies/2085/releases/34/

https://github.com/DecentricCorp/coininfoplus/blob/master/lib/alts.js

for more information have a look at our Bitcointalk page https://bitcointalk.org/index.php?topic=1652345.0

[AngryWhiteWolf]

Without dev it would be really hard for Magi to come back to where it once was. It would be hard to convince somebody to invest, way too risky from my point of view.

[Nick808]

For this Communities Information - XMG is going to be listed free of charge on https://emblemvault.com/ 's DEX, due to be released very soon.

https://coinscribble.com/emblem-vault-announces-support-for-more-than-500-cryptocurrencies/2085/releases/34/

https://github.com/DecentricCorp/coininfoplus/blob/master/lib/alts.js

for more information have a look at our Bitcointalk page https://bitcointalk.org/index.php?topic=1652345.0

and what this information can give the project? growth will not be all the same if you read carefully and probably it will not give volumes. and without volume them the listing is just superfluous.

[minerja]

Hi,
I keep returning to this coin every few months, and it's such a shame to see it dying.
But die, it must i now believe.
To the newbies, it doesn't need forking, or taking over, if you want a coin, go develop your own.

I think the main issue is that despite months of trying to "enforce" a 250kh/s hash rate on miners, there is 1 pool which simply refuses to go with the flow.
I can see 3 miners who are contributing 15MH/s between them, so nearly 1/5th of the entire nethash.
Until this is tackled, they are spoiling it for everyone else.

Also, financially, it makes no sense to mine anymore.
I am using 100w to get 250kh/s.
To get 0.001 btc a day (£5) i need about 9500 kh/s, or 38 times more power than i am currently suing.
38 x 100w = 3800w * £0.16per kwh = £14.50 a day in power.....so i would cost me 3 times more to mine it rather than to buy it....

So it can only die, a long, slow death.

I think its only chance is for someone to make it wallet mineable only. Then , it might, just have a chance...
Failing that, time to move over to the next gen cpu coins like uraniumx, etc

Joe, i''d just like to say a "Big Thanks" to you. I'm not surprised you've disappeared, seems you were "damned" what ever actions you took.
I wish you "Good Luck" in your future ventures.

RIP - Magi
J

[starmman]

Joe, i''d just like to say a "Big Thanks" to you. I'm not surprised you've disappeared, seems you were "damned" what ever actions you took.
I wish you "Good Luck" in your future ventures.

I'd like to reiterate that!

[The Frisian]

Minerclaim down, blockreward up.

[AngryWhiteWolf]

Looks like nothing can be done to save Magi I'll keep following this ANN waiting for something good to happen. Anyway, thank you for everything.

[Spooknow]

Without dev it would be really hard for Magi to come back to where it once was. It would be hard to convince somebody to invest, way too risky from my point of view.

And what to do then? It is this problem of such projects that if one of the developers who moved the project go away. And if he does not have normal assistants, then the project becomes problematic and normal investors will not invest.

[bogec]

Without dev it would be really hard for Magi to come back to where it once was. It would be hard to convince somebody to invest, way too risky from my point of view.

And what to do then? It is this problem of such projects that if one of the developers who moved the project go away. And if he does not have normal assistants, then the project becomes problematic and normal investors will not invest.

It is not "one of the developers" ... Joe is the one and only developer, or consider him the one man team.

[Myth888]

kinda sad to see Magicoin on its last breathe. I hope Joe comes back. XMG has a special place is my portfolio although i have not been staking i have been mining without opening my wallet for a long time. We still have cryptopoa and I hope Joe would not give up just yet.

[Hocus]

Is anyone else experiencing no network connections? I'm staking my wallet after moving it to a different computer and watched the connections fall off to where I have 0 now.

[MinerVGA1]

I am connected.... So now that we see the hash war in the ASIC/SHA256 world hopefully all of us appreciate the CPU coin that is magi. ASIC mining has merit however I like CPU mining as all can participate.