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

[SamWalters]

I can't agree that price is "nice", actually it's far from that. I hardly can accept that i need to mine this coin (5-10 coins/day) for much longer time then it should be. I can happily accept that my ~150kH/s is not much lower then higher worker at, let's say, 300kHs.
As Joe ask himself, how this can be profitable for guy that has 11MH/s. Well i don't know ether.

@MarcusDe Do you mine this coin? What hashrate? What is your costs? Maybe i can calculate for you how profitable is your mining.

I got to agree with you... the price is just getting started. This hasn't even attracted 1/3 of the mining industry yet. We still need to bring in those old timers who have been mining Bitcoin, Litecoin, WorldCoin,  for years..  This is the thing guys, Joe asked if others want to donate for marketing, no one stepped up. Who is going to step up? If you guys want to see rewards go up, lets collaborate as a community.. Joe has given us something innovative, and a solution to the crypto's problem... in the future, we will look back at how this was solved because of Joe.

But it is good these questions are coming out now, so we can figure it out together, before we make massive marketing pushes.

I am thinking we need press releases all over on CoinDesk, Crypto Magazine, CoinReport, Crypto News, Bitcoin Magazine, and many other sources of PR

What about some financial media and news outlets? (however this costs money.. upwards of $800) to get it done..

But like I said before, Investors, and wide range of miners have not yet heard of magi.. This is where it really begins taking effect.

Just my 2 cents of being here early on.

I would target speculators, investors and businesses.  Many people feel that bitcoin uses a large amount of energy and resources for transactions and security and the problems we are seeing with PoW have been issues before and the solution was to go to PoS.  If anything I would go for a higher rate for PoS so that people are more interested in supporting the network through it and holding it for longer term investment. 

I've been mining with from 20 to 120 kH/s mostly at 20 kH/s  because if I push my machine too much it has a harder time running PoS on my other coins and it is noisy and not cost effective to run more machines on this coin at the moment.  For someone that runs their machine most of the time anyway this is a good way to make a bit extra and keeps me interested in the coin.  The price is affordable for small investment now which I think is a good thing.

Just my opinion.

There you go,

This is the right attitude.. we need to attract investors and businesses!! the key is, people want to enjoy a valuable long term investment. They don't mind holding up with liquidity if we have a solution, which we do... and all of you know how rare this coin is, and how it can be motivational when more miners jump on board increasing our earnings.

We need to work on this model and attract those people...

[wain-m]

POS II   ，sounds amazing. I am down.

[SamWalters]

POS II   ，sounds amazing. I am down.

POS-ii is just the end game of the beginning for the future of mining...

Right now its PoW with m7m to allow all miners, and investors to join on board and mine fairly.

[Lightsplasher]

Please Help with ubuntu_14_amd64_magi-qt_v1.0.0.2. I'm getting the following error:

Error initializing database environment /home/tony/.magi! To recover, BACKUP THAT DIRECTORY, then remove everything from it except for wallet.dat.

Removing everything form .magi dosen't help. Here is my debug.log:

Magi version v1.0.0.2-magi (2014-09-20 22:27:22 -0400)
Using OpenSSL version OpenSSL 1.0.1f 6 Jan 2014
Startup time: 14-09-25 21:22:38
Default data directory /home/tony/.magi
Used data directory /home/tony/.magi
dbenv.open LogDir=/home/tony/.magi/database ErrorFile=/home/tony/.magi/db.log
ERROR: CDB() : error Invalid argument (22) opening database environment

Here is my db.log

BDB0055 illegal flag specified to DB_ENV->open
BDB0055 illegal flag specified to DB_ENV->open

Looks like because of db. can you try compilation from source code?

Maybe I need to install different library versions but I keep trying to build under Ubuntu 14 but get these errors, so I've been using the provide file: 

overviewpage.cpp:49: error: 'qVariantCanConvert' was not declared in this scope
         if(qVariantCanConvert<QColor>(value))
            ^
overviewpage.cpp:49: error: expected primary-expression before '>' token
         if(qVariantCanConvert<QColor>(value))
                                     ^

[joelao95]

Please Help with ubuntu_14_amd64_magi-qt_v1.0.0.2. I'm getting the following error:

Error initializing database environment /home/tony/.magi! To recover, BACKUP THAT DIRECTORY, then remove everything from it except for wallet.dat.

Removing everything form .magi dosen't help. Here is my debug.log:

Magi version v1.0.0.2-magi (2014-09-20 22:27:22 -0400)
Using OpenSSL version OpenSSL 1.0.1f 6 Jan 2014
Startup time: 14-09-25 21:22:38
Default data directory /home/tony/.magi
Used data directory /home/tony/.magi
dbenv.open LogDir=/home/tony/.magi/database ErrorFile=/home/tony/.magi/db.log
ERROR: CDB() : error Invalid argument (22) opening database environment

Here is my db.log

BDB0055 illegal flag specified to DB_ENV->open
BDB0055 illegal flag specified to DB_ENV->open

Looks like because of db. can you try compilation from source code?

Maybe I need to install different library versions but I keep trying to build under Ubuntu 14 but get these errors, so I've been using the provide file: 

overviewpage.cpp:49: error: 'qVariantCanConvert' was not declared in this scope
         if(qVariantCanConvert<QColor>(value))
            ^
overviewpage.cpp:49: error: expected primary-expression before '>' token
         if(qVariantCanConvert<QColor>(value))
                                     ^

what is you qt version? I've tested both qt4 and qt5; you can use magi-qt-or.pro and magi-qt.pro, see if one of them works.

[Lightsplasher]

Please Help with ubuntu_14_amd64_magi-qt_v1.0.0.2. I'm getting the following error:

Error initializing database environment /home/tony/.magi! To recover, BACKUP THAT DIRECTORY, then remove everything from it except for wallet.dat.

Removing everything form .magi dosen't help. Here is my debug.log:

Magi version v1.0.0.2-magi (2014-09-20 22:27:22 -0400)
Using OpenSSL version OpenSSL 1.0.1f 6 Jan 2014
Startup time: 14-09-25 21:22:38
Default data directory /home/tony/.magi
Used data directory /home/tony/.magi
dbenv.open LogDir=/home/tony/.magi/database ErrorFile=/home/tony/.magi/db.log
ERROR: CDB() : error Invalid argument (22) opening database environment

Here is my db.log

BDB0055 illegal flag specified to DB_ENV->open
BDB0055 illegal flag specified to DB_ENV->open

Looks like because of db. can you try compilation from source code?

Maybe I need to install different library versions but I keep trying to build under Ubuntu 14 but get these errors, so I've been using the provide file: 

overviewpage.cpp:49: error: 'qVariantCanConvert' was not declared in this scope
         if(qVariantCanConvert<QColor>(value))
            ^
overviewpage.cpp:49: error: expected primary-expression before '>' token
         if(qVariantCanConvert<QColor>(value))
                                     ^

what is you qt version? I've tested both qt4 and qt5; you can use magi-qt-or.pro and magi-qt.pro, see if one of them works.

Thanks for help, I'm happy to report that it builds and runs fine with magi-qt-or.pro under Ubuntu 14.04 with qt5.2.1.  (the other file magi-qt.pro gives the errors I posted)  I'm not sure what to suggest for the problem with the database though, everything works fine for me.

[joelao95]

Thanks for help, I'm happy to report that it builds and runs fine with magi-qt-or.pro under Ubuntu 14.04 with qt5.2.1.  (the other file magi-qt.pro gives the errors I posted)  I'm not sure what to suggest for the problem with the database though, everything works fine for me.

The wallet you built has a bitcoin-like look, while compiling with magi-qt.pro looks nice. I actually used magi-qt.pro for general compilation, for example, the file here: http://cryptomagic.com/files/magi-release/ubuntu_14_amd64_magi-qt_v1.0.0.2 . can you try this in your system? (if double click not working: chmod 755 ubuntu_14_amd64_magi-qt_v1.0.0.2)

[Lightsplasher]

Thanks for help, I'm happy to report that it builds and runs fine with magi-qt-or.pro under Ubuntu 14.04 with qt5.2.1.  (the other file magi-qt.pro gives the errors I posted)  I'm not sure what to suggest for the problem with the database though, everything works fine for me.

The wallet you built has a bitcoin-like look, while compiling with magi-qt.pro looks nice. I actually used magi-qt.pro for general compilation, for example, the file here: http://cryptomagic.com/files/magi-release/ubuntu_14_amd64_magi-qt_v1.0.0.2 . can you try this in your system? (if double click not working: chmod 755 ubuntu_14_amd64_magi-qt_v1.0.0.2)

Very interesting! After building from source I ran the resulting file once and it worked just fine.  When I tried using the original version ubuntu_14_amd64_magi-qt_v1.0.0.2 after this it gave the database error and won't start.  (It previously worked fine) Now the only thing that will work on my system is the new file I just compiled using the magi-qt-or.pro

[joelao95]

Thanks for help, I'm happy to report that it builds and runs fine with magi-qt-or.pro under Ubuntu 14.04 with qt5.2.1.  (the other file magi-qt.pro gives the errors I posted)  I'm not sure what to suggest for the problem with the database though, everything works fine for me.

The wallet you built has a bitcoin-like look, while compiling with magi-qt.pro looks nice. I actually used magi-qt.pro for general compilation, for example, the file here: http://cryptomagic.com/files/magi-release/ubuntu_14_amd64_magi-qt_v1.0.0.2 . can you try this in your system? (if double click not working: chmod 755 ubuntu_14_amd64_magi-qt_v1.0.0.2)

Very interesting! After building from source I ran the resulting file once and it worked just fine.  When I tried using the original version ubuntu_14_amd64_magi-qt_v1.0.0 after this it gave the database error and won't start.  Now the only thing that will work on my system is the new file I just compiled using the magi-qt-or.pro

The version here must be v1.0.0.2, otherwise won't work

original version ubuntu_14_amd64_magi-qt_v1.0.0 after

This is sort of strange. My compilation is under ubuntu 14 too, with the latest updates, or because of db version?

[joelao95]

[A quick update]

# Have a report about the new block rewards due (already take too long time), post most likely tomorrow; and then launch the proof of mining campaign.

# We had a discussion about the mining today, and different voices about algo changes. I am sure if we stay with the current rewards (most of time we're getting 5 XMG/block though we suppose to see coming 300 XMG), we will need to extend the PoW-I mining period; because of the low block reward, coin swap may need to be extended too. All prior magicoin holders must understand this situation. We have to keep the amount of coin swapped less than the freshly mined XMG in order to protect the market. If XMG crashes, no point of doing swap and even the existing of magicoins. Hope you all agree with this!

# We will carrier out coin swap in this week as we scheduled; I've received several messages asking for swap; I have something more important to do, so please be patient. I will assure some of coins to be issued in this week, but again I don't want see impacts on the price. If you're a prior magicoin holder, please continue to be a holder, that will allow us to issue more coins for swap in the near future.

[111magic]

很喜欢这个硬币，确实做到了纯CPU算法，作者真心不错，赞一个的说

This sounds positive. Good comments on the second Magicoin XMG Thread.

[ex33s]

Please Help with ubuntu_14_amd64_magi-qt_v1.0.0.2. I'm getting the following error:

Error initializing database environment /home/tony/.magi! To recover, BACKUP THAT DIRECTORY, then remove everything from it except for wallet.dat.

Removing everything form .magi dosen't help. Here is my debug.log:

Magi version v1.0.0.2-magi (2014-09-20 22:27:22 -0400)
Using OpenSSL version OpenSSL 1.0.1f 6 Jan 2014
Startup time: 14-09-25 21:22:38
Default data directory /home/tony/.magi
Used data directory /home/tony/.magi
dbenv.open LogDir=/home/tony/.magi/database ErrorFile=/home/tony/.magi/db.log
ERROR: CDB() : error Invalid argument (22) opening database environment

Here is my db.log

BDB0055 illegal flag specified to DB_ENV->open
BDB0055 illegal flag specified to DB_ENV->open

Looks like because of db. can you try compilation from source code?

I had the same error on a Gentoo install when I compiled from source. The issue was that I have multiple versions of libdb and needed to specify witch version to use.

[111magic]

Can we all join forces of pushing out info about Magi all of the places we are at?
I'm talking about Chat Rooms and Troll Boxes - IRC and Web Pages... Twitter and Facebook and Reddit .. even around on Bitcointalk

We need the community to stick together on this and unite promotions. OP seems updated.

RT / RE-QUOTE Twitter Feeds from #CoinMagi https://twitter.com/hashtag/coinmagi?f=realtime&src=hash

Where to share links? Use these two places for example:
http://reddit.com/r/cryptocurrency and http://reddit.com/r/altcoin

We can also utilize other channels around Bitcointalk..

Alternative CryptoCurrencies section: https://bitcointalk.org/index.php?board=67.0
Market Place for (Altcoins) section: https://bitcointalk.org/index.php?board=161.0
Mining for (Altcoins) section: https://bitcointalk.org/index.php?board=160.0

Use these images and graphics to share it around:
Album #1 for video with words: http://imgur.com/a/rpMuW
Album #2 for video with animations: http://imgur.com/a/Oa6A5

Learn more about magi here: http://www.youtube.com/watch?v=jpvpO0OE7Dw

Lets go for it!

He thats cool! XMG on place 111 coinmarketcap. (111magic/ place 111)

[lama82]

[A quick update]

# Have a report about the new block rewards due (already take too long time), post most likely tomorrow; and then launch the proof of mining campaign.

# We had a discussion about the mining today, and different voices about algo changes. I am sure if we stay with the current rewards (most of time we're getting 5 XMG/block though we suppose to see coming 300 XMG), we will need to extend the PoW-I mining period; because of the low block reward, coin swap may need to be extended too. All prior magicoin holders must understand this situation. We have to keep the amount of coin swapped less than the freshly mined XMG in order to protect the market. If XMG crashes, no point of doing swap and even the existing of magicoins. Hope you all agree with this!

# We will carrier out coin swap in this week as we scheduled; I've received several messages asking for swap; I have something more important to do, so please be patient. I will assure some of coins to be issued in this week, but again I don't want see impacts on the price. If you're a prior magicoin holder, please continue to be a holder, that will allow us to issue more coins for swap in the near future.

I'm very curious to see how many people from the "old" magicoin community still active in the new XMG community.

[joelao95]

Please Help with ubuntu_14_amd64_magi-qt_v1.0.0.2. I'm getting the following error:

Error initializing database environment /home/tony/.magi! To recover, BACKUP THAT DIRECTORY, then remove everything from it except for wallet.dat.

Removing everything form .magi dosen't help. Here is my debug.log:

Magi version v1.0.0.2-magi (2014-09-20 22:27:22 -0400)
Using OpenSSL version OpenSSL 1.0.1f 6 Jan 2014
Startup time: 14-09-25 21:22:38
Default data directory /home/tony/.magi
Used data directory /home/tony/.magi
dbenv.open LogDir=/home/tony/.magi/database ErrorFile=/home/tony/.magi/db.log
ERROR: CDB() : error Invalid argument (22) opening database environment

Here is my db.log

BDB0055 illegal flag specified to DB_ENV->open
BDB0055 illegal flag specified to DB_ENV->open

Looks like because of db. can you try compilation from source code?

I had the same error on a Gentoo install when I compiled from source. The issue was that I have multiple versions of libdb and needed to specify witch version to use.

Thanks ex33s, seems like the same error.

[joelao95]

很喜欢这个硬币，确实做到了纯CPU算法，作者真心不错，赞一个的说

This sounds positive. Good comments on the second Magicoin XMG Thread.

I am pleased that the Chinese community liked this coin, usually they object to new coins without reasons likely because there are so many out there.

[xtrembash]

amd gpu miner still no public ?!
no fair !

[Bojcha]

amd gpu miner still no public ?!
no fair !

No one has it, so fair on that side.

[joelao95]

The XMG trading volume has broken 1 BTC yesterday, and now rise up to more than 2 BTC; this is very good to a new coin, especially we're on a new exchange; importantly XMG had a consistent transaction since launch. Don't worry too much the price, volume is most important we should be looking at at this moment. All should spread the news, tweet and facebook, @BittrexExchange in any circumstance.
https://cryptoine.com/trade/xmg_btc

[xtrembash]

amd gpu miner still no public ?!
no fair !

No one has it, so fair on that side.

of course some guys have private gpuminer..
do you think you're in the land of Care Bears ?! lol