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

[111magic]

Great to watch this guys! XMS welcome in the great MAGI community!

[1713272078]

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[1713272078]

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[1713272078]

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[111magic]

[MagiPay - standalone payment gateway for Magi]

I have mentioned our standalone payment gateway sometimes ago; here is how it looks like. The expected delivery is about three weeks from now. This development is parallel to the coin itself as marketing feed and making 'real' things.

http://www.m-epays.com

What's the 'real'?

The motivation is to create a real land for Magi. Any things can be speculative, instances existed here and there, now and then. Speculation is just about imagination, upon manipulated/semi-manipulated/virtual facts. Being the kind way we call it investment. Things should be pretty straightforward, without complicating the stuffs and confusing people's mind. It's pretty funny that value does be created from vacuum (theory of matters creation from null as proposed in physics is absolutely unique). When we talk about the value of gold, it exists in applications of jewelry, electronics, chemistry, medicine, to name a few, even food, and of course investment. When we talk about magi, it can be something (whether useful or not) missing in the space, for example, to achieve the fairness (absolutely relative to a counterpart) while I suspect my confidence in speaking of values by this argument. Additionally, let's talk something like warming up the room by mining, or evaluating CPU performance :-D, what else then, maybe as a course for one to learn CS science, but of course, investment. Seriously, as a medium of exchange, it should be exchangeable with stuffs.

How does it work?

1. A merchant creates an account at m-epays.com; after successful registration one can create a payment box;
2. m-epays.com issues MagiPay account details;
3. Integrate MagiPay to merchant's website;
4. Customer clicks the 'Pay with magi' button, MagiPay connects to m-epays.com server and requests for a specific payment box;
5. m-epays.com issues a MagiPay address and the total amount to be paid;
6. Customer sends coins to the MagiPay address;
7. Once the payment is received and confirmed, the server informs the successful payment;
8. After 1 hour upon the payment is received, the server automatically transfer the amount of magi to merchant's registered external wallet address.

What's special?

1. Fully configurable compared to the third party service provider, since we ourselves will manage the system; this way comes flexible features to be developed; so please suggest what we can do to make 'special'.

2. Using the payment service provided by MagiPay will be totally free, in comparison with cases which charge minimum 0.5%. Additional feature to make use of the free service is the inclusion of fiat/BTC-XMG conversion, which practically reduces charge accumulated during the process, where payment is done typically by, for example, the credit card.

We will make this system be usable in the first place. Going forward, magi will integrate this system with the planned marketplace, which would be something I can foresee. Though it's far from the right time to speak of the necessity where we invest our efforts, we just start from here.

Great step forward for XMG! This will be another unique development for a coin this young!!

[joelao95]

MagiPay: m-epays webgui:

[111magic]

WOW. This preview looks great!

[Spexx]

Fabulous developments going on!

XMG Coin of the Magi. Coin of the future - here today!

[jawitech]

Brilliant Joe, that MagiPay webgui really looks stylish and classy. Great work!
I see it says US dollar to XMG conversion; will it be able to convert US dollar coming from PayPal?

Well done Joe.

Paypal is always risky due to buying coins and doing a chargeback after the buy.

[jawitech]

OK, that is good to know thanks. I was asking because I do not have an US dollar bank account, but do have PayPal. So maybe the dollars can go from PayPal -> an-inbetween-stop -> XMG exchange or something, that would be great. Cheers

I don't know the plans of Joe in detail but I guess there are other people with the same problem, too. Europeans can buy Magi via SEPA bank transfer at https://www.litebit.eu/home/xmg/en/

[evok3d]

Amazing work Joe & Team Magi!

This payment gateway is a great approach to real world adaptation.

[turkandjaydee]

Any ETA on the magipay?
amazing work for the dev!

[Spexx]

Useless forum post solely for the purpose of checking new sig ...

[111magic]

https://bitcointalk.org/index.php?topic=901516.msg9908229#msg9908229
Chinese Magi (XMG) thread is up to date!

[111magic]

https://bitcointalk.org/index.php?topic=901516.msg9908229#msg9908229
Chinese Magi (XMG) thread is up to date!

keep voting guys!
http://www.coinssource.com/vote-jlao
Joe is still in the top 10.
Stand on number 7 now!
Few more votes and he will go to number 6!!
Huge and great job for young Magi community!

[joelao95]

Brilliant Joe, that MagiPay webgui really looks stylish and classy. Great work!
I see it says US dollar to XMG conversion; will it be able to convert US dollar coming from PayPal?

It's actually a simply price conversion from labeled USD price to XMG amount. Having USD transactions could involve with many legal issues even if we're done legal registration. We do think about using fiat for the gateway, that will be the next step I believe. In any case, we're thinking to have a legal registration for magipay. If some people experienced in this kind, please let us know the necessity and how to get it done. I think we need more advanced advice on this.

[joelao95]

Any ETA on the magipay?
amazing work for the dev!

Good question, while we missed the deadline promised at the beginning. ETA would be around after Christmas hopefully.

[GodMonar]

Nice CPU Coin 

[SamWalters]

I cannot wait for the New Year to kick off with some new magical features for the Crypto industry. I've been busy during these times; however, with some new plans in store for the community with adoption awareness phases. I also know some developers who want to help with the community side who have been putting in some tremendous effort to get Magi started.  There have been many others who are showing up just to help expand the reach of magi, this is highly appreciated.

Keep up the awesome support! It seems like a very active crowd on IRC
Thank you those who collaborate and contribute with time and implementation.

#Magi IRC.Freenode.net

^^ we make it rain XMG in there; sometimes even on special occasions.
Shortcut to #Magi : https://kiwiirc.com/client/irc.freenode.net/#magi

Stay in touch with me on Twitter: http://twitter.com/BitWalters

[SamWalters]

MagiPay: m-epays webgui:

nice preview;  an easy way to kick start magipay, I like it.

Want to talk about Speculation and Markets? Talk here: https://bitcointalk.org/index.php?topic=855266.new#new

[Singman33]

As always with PoS coin, no clear how-to for CLI wallets.
So I have some coins since 1 week in my wallet and still nothing :

Code:

$ magid getinfo
{
    "version" : "v1.1.0.2-magi",
    "protocolversion" : 71040,
    "walletversion" : 60000,
    "balance" : 37.41486193,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 110589,
    "timeoffset" : 0,
    "moneysupply" : 2520974.68641076,
    "connections" : 10,
    "proxy" : "",
    "ip" : <hidden>,
    "difficulty" : {
        "proof-of-work" : 1.64351097,
        "proof-of-stake" : 0.02095125
    },
    "testnet" : false,
    "keypoololdest" : 1418755506,
    "keypoolsize" : 102,
    "mininput" : 0.00000000,
    "paytxfee" : 0.00010000,
    "errors" : ""
}

Wallet is not locked, no pass-phrase.

[ex33s]

As always with PoS coin, no clear how-to for CLI wallets.
So I have some coins since 1 week in my wallet and still nothing :

Code:

$ magid getinfo
{
    "version" : "v1.1.0.2-magi",
    "protocolversion" : 71040,
    "walletversion" : 60000,
    "balance" : 37.41486193,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 110589,
    "timeoffset" : 0,
    "moneysupply" : 2520974.68641076,
    "connections" : 10,
    "proxy" : "",
    "ip" : <hidden>,
    "difficulty" : {
        "proof-of-work" : 1.64351097,
        "proof-of-stake" : 0.02095125
    },
    "testnet" : false,
    "keypoololdest" : 1418755506,
    "keypoolsize" : 102,
    "mininput" : 0.00000000,
    "paytxfee" : 0.00010000,
    "errors" : ""
}

Wallet is not locked, no pass-phrase.

Could you please post your magi.conf?

[111magic]

I cannot wait for the New Year to kick off with some new magical features for the Crypto industry. I've been busy during these times; however, with some new plans in store for the community with adoption awareness phases. I also know some developers who want to help with the community side who have been putting in some tremendous effort to get Magi started.  There have been many others who are showing up just to help expand the reach of magi, this is highly appreciated.

Keep up the awesome support! It seems like a very active crowd on IRC
Thank you those who collaborate and contribute with time and implementation.

#Magi IRC.Freenode.net

^^ we make it rain XMG in there; sometimes even on special occasions.
Shortcut to #Magi : https://kiwiirc.com/client/irc.freenode.net/#magi

Stay in touch with me on Twitter: http://twitter.com/BitWalters

For fun check #magi-sino
If you are in #Magi irc just give command:
/join #magi-sino