[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1063.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: Quartx on January 14, 2015, 01:57:40 AM

Quote from: Spexx on January 14, 2015, 01:52:24 AM

Quote from: Quartx on January 14, 2015, 01:20:24 AM

How would one go about "staking" coins?

There was discussion about this recently. Essentially, moving coins around creates transactions. These transactions will be staked a few days later. See this posting:-

https://bitcointalksearch.org/topic/m.10016863

So all I have to do is to move coins from one address to another and after a few days I will have rewards from staking depending on the the amount of coins I stake or move around?

Yep, that's the ticket. I run two wallets (on two old junk-pile Pentiums) and regularly move a few hundred XMG around. Make sure that you do not "send" coins while the wallet is showing an amount "in stake". One little tip here is that after you have sent some coins, you must remember to unlock the wallet for staking again afterwards (which is a bit of a pain actually but there we are).

ex33s

sr. member

Activity: 476

Merit: 250

Quote from: The Frisian on January 13, 2015, 02:01:08 PM

Quote from: 111magic on January 13, 2015, 11:21:09 AM

Btc panic-sell = bad sell -- other coins will feel that also.
Magi can use this moment to grow. Other people will invest in Magi. Bitstamp is also back online.

I'm sorry, i could not resist buying, bought 17K.

Good

Always good to get some cheap xmg

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

Quote from: Spexx on January 14, 2015, 01:52:24 AM

Quote from: Quartx on January 14, 2015, 01:20:24 AM

How would one go about "staking" coins?

There was discussion about this recently. Essentially, moving coins around creates transactions. These transactions will be staked a few days later. See this posting:-

https://bitcointalksearch.org/topic/m.10016863

So all I have to do is to move coins from one address to another and after a few days I will have rewards from staking depending on the the amount of coins I stake or move around?

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: Quartx on January 14, 2015, 01:20:24 AM

How would one go about "staking" coins?

There was discussion about this recently. Essentially, moving coins around creates transactions. These transactions will be staked a few days later. See this posting:-

https://bitcointalksearch.org/topic/m.10016863

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: 111magic on January 14, 2015, 01:06:11 AM

I agree and think Magi is will become the new bitcoin. Remember mining Magi is how Satoshi meant mining btc to be in 2009! Idea about exchange is a very cool idea Spexx. If a exchange like that is developed for Magi in combination with marketplace and coming payment gateway Magi really will become the new btc.

My thoughts exactly. The more national currency/XMG exchanges there are, then the better for stability and "true worth". I already think of one UK pound as about 100 XMG. They are worth at least that much to me anyway Cheesy

Quartx

hero member

Activity: 1036

Merit: 504

Becoming legend, but I took merit to the knee :(

How would one go about "staking" coins?

111magic

legendary

Activity: 1750

Merit: 1005

I agree and think Magi is will become the new bitcoin. Remember mining Magi is how Satoshi meant mining btc to be in 2009! Idea about exchange is a very cool idea Spexx. If a exchange like that is developed for Magi in combination with marketplace and coming payment gateway Magi really will become the new btc.

Spexx

sr. member

Activity: 350

Merit: 250

Mining Co-operative

Quote from: SamWalters on January 13, 2015, 08:45:35 PM

Magi is a very nice and rare coin. I don't care about the market prices, as it really is dedicated by the community at large.

Very true. In many ways I am loving this price crash. I have felt for quite some time that Bitcoin was coming to a natural dead-end. A new champion will emerge as the new "gold standard". There is a shake-up going on and XMG has strength in depth with a forward-looking development plan.

We could do with new markets. I thought a direct currency exchange UKP/XMG would be really useful here in the UK. How difficult would that be?

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

Magi is a very nice and rare coin. I don't care about the market prices, as it really is dedicated by the community at large. There is features that will come out of the Magi DNA and you'll all be ground breaking the new innovations of the future. I think we just need to spread the message across some more.

Do we have a market place for buying/selling XMG other than Exchanges?

111magic

legendary

Activity: 1750

Merit: 1005

Quote from: Digithusiast on January 13, 2015, 05:35:06 PM

I don't understand why some are selling XMG for 3000sat at this time. Time, energy and costs needed to mine 1 XMG are more expensive than 3000sat, isn't it?

Yea! I don't know why but somebody is trying to get the price down.
If you look at other exchanges is almost double that price.
This guy has a plan!

Digithusiast

hero member

Activity: 886

Merit: 504

I don't understand why some are selling XMG for 3000sat at this time. Time, energy and costs needed to mine 1 XMG are more expensive than 3000sat, isn't it?

aalexanderr

newbie

Activity: 14

Merit: 0

http://i.imgur.com/brOIDF0.png

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: The Frisian on January 13, 2015, 02:01:08 PM

Quote from: 111magic on January 13, 2015, 11:21:09 AM

Btc panic-sell = bad sell -- other coins will feel that also.
Magi can use this moment to grow. Other people will invest in Magi. Bitstamp is also back online.

I'm sorry, i could not resist buying, bought 17K.

Nice buy, the price is really low, I felt crypto is like in the winter.

jawitech

full member

Activity: 196

Merit: 100

Quote from: joelao95 on January 13, 2015, 02:25:32 PM

Quote from: th3.r00t on January 13, 2015, 01:38:27 PM

Love the new x64 Magi Wallet, it runs way better (and faster) on Win 7 x64!
Thanks!

Glad to know it's working well.

Just started the new wallet for the first time, Win7 64, works without any problems.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: th3.r00t on January 13, 2015, 01:38:27 PM

Love the new x64 Magi Wallet, it runs way better (and faster) on Win 7 x64!
Thanks!

Glad to know it's working well.

jawitech

full member

Activity: 196

Merit: 100

Quote from: The Frisian on January 13, 2015, 02:01:08 PM

Quote from: 111magic on January 13, 2015, 11:21:09 AM

Btc panic-sell = bad sell -- other coins will feel that also.
Magi can use this moment to grow. Other people will invest in Magi. Bitstamp is also back online.

I'm sorry, i could not resist buying, bought 17K.

I don't hear someone complaining about Wink

good prices to buy, especially as soon the payment gateway will be launched.

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: 111magic on January 13, 2015, 11:21:09 AM

Btc panic-sell = bad sell -- other coins will feel that also.
Magi can use this moment to grow. Other people will invest in Magi. Bitstamp is also back online.

I'm sorry, i could not resist buying, bought 17K.

th3.r00t

sr. member

Activity: 312

Merit: 250

Quote from: joelao95 on January 10, 2015, 11:51:48 PM

New wallet v1.2.1.1 (not mandatory, but strongly recommended):

http://coinmagi.org/files/magi-release/m-wallet-1.2.1.1-win.zip
http://coinmagi.org/files/magi-release/m-wallet-1.2.1.1-macosx.dmg
http://coinmagi.org/files/magi-release/m-wallet-1.2.1.1-linux.tar.gz

Source code: https://github.com/magi-project/magi

Compiling from the source code is recommended for linux. The new wallet fixes public key for delivering messages into "error" section (command line) or the status bar of the Qt client. Also a few other updates are included in the new version.

Enclosed include the 64 bit wallet. The compilation really spent me some time; the 64 bit wallet was keeping crashing, but pretty fine now as I tested in all of my home computers (windows8). To be safe, PLEASE rename the folder %appdata%\magi to something else before the first run, so that you will have the original block data untouched if something goes wrong. By confirming everything works properly, then close the wallet, rename the folder back to %appdata%\magi and restart the client. BE SURE make a backup of wallet.dat.

Let me know any issues and desired improvements.

Love the new x64 Magi Wallet, it runs way better (and faster) on Win 7 x64!
Thanks!

jawitech

full member

Activity: 196

Merit: 100

Quote from: malekbaba on January 13, 2015, 11:33:47 AM

What is pow and pos?! I am mining with my quad core now and have accumulated 25 coins in a pool. It is a new place for me and i feel i am in deep sea Sad

Welcome to the magi community. Good to have you with us.

PoW = proof of work = mining coins with hardware
PoS = proof of stake = leave your wallet open, secure the blockchain (finding blocks to process transactions)

https://en.bitcoin.it/wiki/Proof_of_Stake detailed explanation

Transfer the 25 coins into your Magi wallet and stake them via the explanation provided here to get more coins and support the network.

If you have further questions, don't hesitate to ask. That's why we are here.

malekbaba

legendary

Activity: 1526

Merit: 1026

SellDefi.com | Earn by selling files

What is pow and pos?! I am mining with my quad core now and have accumulated 25 coins in a pool. It is a new place for me and i feel i am in deep sea Sad

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1063. (Read 2375939 times)