Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 1222. (Read 2375926 times)

1 old magi = ? XMG?

on the other side a sudden influx of coins will automatically depreciate the value of XMG to the point of miners not mining it, and ppl losing interest on the coin, what the dev wanted to do is to do the swapping when XMG has gain it's footing; swapping at this point  is like feeding a huge chunk of food to a new born baby, and you knw what happen when you do that..  just my thought, anyway if i may suggest, i think a 10 week partial swap is good, 10% of  your holdings per week, that is 125k coin per week for 10 weeks; kinda hard task but i think it will at least  have a minimal impact on XMG value

Well put.

I think that usually a coin would go through a hard fork and just keep rolling along. 

In this case, who knows what the price will settle out at once the swap happens.  I think this is a risk for anyone currently investing at the present price.  It is also a message to the community of past and present supporters.  What's to stop coin part three from coming out in a few months and doing the same magic coin disappearing act?  Real value is built from long term stability and merchant, investor and community confidence.  How stable is your coin if some central authority or community holds it and won't trade it for the currently used coin until some future yet to be determined date?

I really don't see any good reason not to swap now as initially planned.  All this mining activity is burning a lot of watts; maybe over a megawatt as a community.  (Can somebody do the math?) We can do much better if things settle down a bit and people start supporting the block chain with PoS; in the mean time perhaps a price drop would discourage so much PoW mining by making large farming unprofitable.  This coin shows so much potential that I think in the long term prospects are wonderful; good work everyone!

ALL, we are going to do promotions though social networks, the tweet / retweet about XMG as possible as you can.

Follow us @CoinMagi

If you want to see magi in exchange, please tweet @ the exchange.

sure

someone want to test gpu miner?

go to 1st page its on there for cpu pool mining, just now got it myself and is working on pool finally going now, and wow a cpu coin and a person doing 2 mh/s ok.

I am in with these plans.  Who has donated?

By the way, yes, blockexperts.com charges but they have a good explorer.

I am willing to buy off the market +5 % / - 5 %

pm me

I think you've done a good investment

My 8 core processor is struggling to get 15 coins a day. It's nice to see 1000 coins in my wallet.

Good buy amigo!
I wish i had that one!

OMG I just bought 1000 XMG between 5000 to 8000! wow

hahahaha suckers.


First M7M + POS-II + Tor


hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha hahahahahahahaahahaha



I have a feeling I am going to get paid off 100x over on this buy.

To all new XMG miners, we didn't hear from our prior magicoin supporter before regarding the coin swap, but here is Coinler's opinion. It is fair that the opinions from our prior supporters should be taken care of too. So please make advice to the questions.

i dont understand why holding back the swap? arent investors in magi also investors in xmg. this makes it like there's 2 separate coins and those who bought in magi are left holding outdated coin? i do not think this is fair for investors? when can we expect the swap to be initiated. only then will magicoin price rise because there is no incentive to buy the old coins atm.

Hello Magicoin XMG community,

The developer has a point here.
We have to help him with this.
It is very important for the future of Magicoin that we are going to work on the marketing and promotion.
It is the first currency that works with M7M.
It is the most honest coin that I know.
So let's work together on a good and stable future for XMG.

[09/19]

Some plans

This is the 5th day since launch; it won't be very necessary at this time to focus on big exchanges, but going forward, some works should be done upfront.
1) we are forging the marketing plans, one of those will be the better organization of twitter, facebook, reddit, and maintain regular updates;
2) plan to get on few more exchanges; swisscex and c-cex are two of them;
3) I've been in touch with some magi followers, some of them have provided us very nice supports; for example, ex33s offered us the dice game without asking for any bounties. Also someone mentioned working on Android wallets, while what he wants is to see the success of Magi. It's my pleasure to have them, and my work to make magi staying with user base like them.

Among these tasks, block explorer and rich list will be a more urgent one since it is needed to get into coinmarketcap and most of exchanges (e.g., bittrex). I've contacted http://blockexperts.com about this, with a charge of 0.1 BTC to create and host the explorer. It should be done soon once confirmed. The following plans will be exchanges then.

A public pledge

I'd like to send a pledge out for fundraising if you can help us. We current have limited access to magi funds since that is based coin swap, while coin swap has been delayed significantly. In some cases, BTC is needed to help promotion and importantly to get us on exchanges. Here we ask for your supports to carrier out various tasks:
1) Articles, media, video
2) promotions in social networks (registered PoA, promotion in twitter will spend some BTC too)
3) exchanges (likely somewhere to spend funds to promote and get people into this aspect)
4) reaching out people to apps dev (BTC will be likely an effective way of doing this)
5) and more ...

Wallet address:
BTC - 188AmugttD1jfy2xYNy6muTzVzYha1JEuq
XMG - 95V9eZnrghtEriGUhBwwEuqMbDm1HBJ58u

We will record all donators name, and BTC/XMG address. Your donation won't be completely free, rather we will return a portion in the form of BTC or XMG back to you later on, once we can, according to your donating weight.

MagiTeam

Magi team will be created coming out from the community. Magi had a good start, and will continue to grow. With few new features, cpu mining, coin distribution mode, and the PoS-II (we didn't talk about it much yet), magi will be a well-formed base to allow it grow up. Anyone who can contribute to magi, please contact me for bounties, or you want kindly donate your contribution (we will maintain a list for this for future disbursement when we have funds and are able to support).

Anyone who is interested to join us please send me a PM; out of Magi already had, we welcome coin/apps dev to enhance this aspect. We will also reach out other coins for possible cooperation.

Any suggestions to make magi better are welcome!

Will do swap for sure, but take time, no guarantee when swap will be done.

Are you guaranteeing a swap a some point?