[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 173.

shroomzcoin

member

Activity: 150

Merit: 11

Quote from: btesla on January 22, 2018, 06:09:52 PM

Quote from: shroomzcoin on January 22, 2018, 05:51:36 PM

Quote from: btctuxedo on January 20, 2018, 05:20:45 AM

I came across the tutorial on how to mine Magi using Raspberry Pi. I am going to give it a try soon

https://docs.google.com/document/d/1dGeV-5mdi7c8lOx5LmaUEbcP87RUAZ7DIQsVClQ3fAg/edit?usp=sharing

i found that guide the easiest, make sure you use network cables and decent power sources and you should get above 12kh/s, useless at the minute though with network weight, before christmas you could make 0.5 coins a day with a pi, now its about 0.00001

I have about 4-5pcs of Pi's here, can you please explain me better the "network weight" meaning?

Thank you! Wink

The magi network has its own custom reward structure, basically the more people that mine it the less rewards are given per block, before Christmas the total network hash rate was between 10-30mh/s and each block was rewarding between 50-100 magi coin, then after Christmas when they performed the fork the amount of miners has increased and now the network hash rate sits around 100mh/s and each block is rewarding less than 1 per block. Now if you consider some of the big miners on the network are mining with 10,000kh/s+ the share you will get from even 10 pi's giving you 120kh/s will be next to nothing so little in fact with my 8 pi's and pc making 200kh/s and was only getting around 0.0001 per block, it used to be really good to mine with pi but not anymore, there are still a few profitable coins out there you can switch to on the pi's but you will have to do quite a bit of searching to find compatible miners and guides, i have 5 separate algorithms that i can mine on my pi's, i have them mining something else for the minute and hopefully if the network reduces and you get decent rewards again i will switch them back to magi.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: 111magic on January 23, 2018, 02:02:35 AM

https://www.cryptopia.co.nz/Exchange/?market=XMG_BTC

🌟🌟🌟🌟🌟
Magi XMG market open on Cryptopia exchange!
Enjoy trading again!

Wohoo! Thanks for the update - I was missing Cryptopia...

All we need now is Yobit to respond - still no news from my side.

111magic

legendary

Activity: 1750

Merit: 1005

https://www.cryptopia.co.nz/Exchange/?market=XMG_BTC

🌟🌟🌟🌟🌟
Magi XMG market open on Cryptopia exchange!
Enjoy trading again!

Verta Solutions

newbie

Activity: 4

Merit: 0

We opened our own pool with just 1% fee, which is from our understanding very low. We are not aiming to get rich while sleeping, only so it can partly pay for the bandwidth etc. Hence the low fee.
You can join us at http://xmg.hashtech.nl we have a strict "no-whales-allowed" policy. Amount of KHs is subject to debate, but we will suspend any big hashers as we want go give everyone a chance to join into XMG.

Cheers!

auskevin

newbie

Activity: 17

Merit: 0

Quote from: mac1873 on January 22, 2018, 06:39:17 PM

how to mine this coin once its started?
please tell me.

Multiple ways. Start here. Also count on pool mining. https://bitcointalksearch.org/topic/xmg-coin-magi-cpu-mining-guide-848697

mac1873

newbie

Activity: 91

Merit: 0

how to mine this coin once its started?
please tell me.

btesla

newbie

Activity: 22

Merit: 0

Quote from: shroomzcoin on January 22, 2018, 05:51:36 PM

Quote from: btctuxedo on January 20, 2018, 05:20:45 AM

I came across the tutorial on how to mine Magi using Raspberry Pi. I am going to give it a try soon

https://docs.google.com/document/d/1dGeV-5mdi7c8lOx5LmaUEbcP87RUAZ7DIQsVClQ3fAg/edit?usp=sharing

i found that guide the easiest, make sure you use network cables and decent power sources and you should get above 12kh/s, useless at the minute though with network weight, before christmas you could make 0.5 coins a day with a pi, now its about 0.00001

I have about 4-5pcs of Pi's here, can you please explain me better the "network weight" meaning?

Thank you! Wink

shroomzcoin

member

Activity: 150

Merit: 11

Quote from: btctuxedo on January 20, 2018, 05:20:45 AM

I came across the tutorial on how to mine Magi using Raspberry Pi. I am going to give it a try soon

https://docs.google.com/document/d/1dGeV-5mdi7c8lOx5LmaUEbcP87RUAZ7DIQsVClQ3fAg/edit?usp=sharing

i found that guide the easiest, make sure you use network cables and decent power sources and you should get above 12kh/s, useless at the minute though with network weight, before christmas you could make 0.5 coins a day with a pi, now its about 0.00001

btesla

newbie

Activity: 22

Merit: 0

Quote from: The Frisian on January 22, 2018, 05:03:16 PM

Quote from: Advisor on January 22, 2018, 02:21:45 PM

Quote from: 111magic on January 22, 2018, 06:02:06 AM

Magi XMG unique M7M-V2 digital currency is added on TradeSatoshi Exchange!
Magi XMG Wallets are up to date. Register & market is open!
https:/[Suspicious link removed]/HRvDwTgC7O
🌟🌟🌟🌟🌟

Enjoy trading!

New exchange for xmg! Well done thats good news!
Noticed a lot of new guides & video's, xmg is on the right track! Keep it going

Does anyone succeed in registration at this exchange?
I can fill in all fields, but never get a confirmation mail.
I tried many different mail addresses.

Yes, I did today, all went fine, about 10 hours ago!

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: Advisor on January 22, 2018, 02:21:45 PM

Quote from: 111magic on January 22, 2018, 06:02:06 AM

Magi XMG unique M7M-V2 digital currency is added on TradeSatoshi Exchange!
Magi XMG Wallets are up to date. Register & market is open!
https:/[Suspicious link removed]/HRvDwTgC7O
🌟🌟🌟🌟🌟

Enjoy trading!

New exchange for xmg! Well done thats good news!
Noticed a lot of new guides & video's, xmg is on the right track! Keep it going

Does anyone succeed in registration at this exchange?
I can fill in all fields, but never get a confirmation mail.
I tried many different mail addresses.

Advisor

newbie

Activity: 32

Merit: 0

Quote from: 111magic on January 22, 2018, 06:02:06 AM

Magi XMG unique M7M-V2 digital currency is added on TradeSatoshi Exchange!
Magi XMG Wallets are up to date. Register & market is open!
https:/[Suspicious link removed]/HRvDwTgC7O
🌟🌟🌟🌟🌟

Enjoy trading!

New exchange for xmg! Well done thats good news!
Noticed a lot of new guides & video's, xmg is on the right track! Keep it going

111magic

legendary

Activity: 1750

Merit: 1005

Thanks lyapres & jbshaps466
Looks like all coins are dropping a little.
Btc also. Read a lot of ideas about it.
These are good days for new people joining the world of digital currencies. I think all coins will raise again.
Lots of articles & blogs about drops & raise.
Like this one as example https://medium.com/@xoelop/weve-simulated-the-bitcoin-price-for-the-whole-2018-you-won-t-believe-the-result-4a602679dac2

lyapres

newbie

Activity: 12

Merit: 0

found it amazing and goodluck to this project and wishing it all the best and it may have a big success in the future. goodluck dev/team.

jbshaps466

newbie

Activity: 7

Merit: 0

I have noticed XMG dropping in the market recently...below 1USD per coin. Is this good or bad? Seems to me it will drive the whales away.

Shaps

111magic

legendary

Activity: 1750

Merit: 1005

Magi XMG unique M7M-V2 digital currency is added on TradeSatoshi Exchange!
Magi XMG Wallets are up to date. Register & market is open!
https://t.co/HRvDwTgC7O
🌟🌟🌟🌟🌟

Enjoy trading!

btesla

newbie

Activity: 22

Merit: 0

Quote from: Derko on January 22, 2018, 04:29:26 AM

Quote from: btesla on January 21, 2018, 09:51:14 AM

Quote from: galio_ico on January 20, 2018, 10:00:38 PM

is CPU mining a waste of time and money???
why it's so expensive to mine? the price make no sence!

Yes, if you try it at home like me!

Asking why?

After almost 2 days with 60% CPU load I managed to collect 0.10599266 Coins on 4 computers (1x Intel i3, 2x Intel i5 and 1x E8400).

So, 30 days (1 month) x 0.10599266 = 3.1797798 (Coins per month) x $0.9858 (XMG USD price) = USD $3.13462692684

And now you loose money on the power consumption and it's not worth it.

Just my humble opinion! Wink

Run your miners on computers with already payed utility bill (like your office computers). If you want to make money will need more computers with "free" power.

Yeah, in the worst case I will buy 10 XMGs and wait! Grin

Derko

newbie

Activity: 109

Merit: 0

Quote from: btesla on January 21, 2018, 09:51:14 AM

Quote from: galio_ico on January 20, 2018, 10:00:38 PM

is CPU mining a waste of time and money???
why it's so expensive to mine? the price make no sence!

Yes, if you try it at home like me!

Asking why?

After almost 2 days with 60% CPU load I managed to collect 0.10599266 Coins on 4 computers (1x Intel i3, 2x Intel i5 and 1x E8400).

So, 30 days (1 month) x 0.10599266 = 3.1797798 (Coins per month) x $0.9858 (XMG USD price) = USD $3.13462692684

And now you loose money on the power consumption and it's not worth it.

Just my humble opinion! Wink

Run your miners on computers with already payed utility bill (like your office computers). If you want to make money will need more computers with "free" power.

111magic

legendary

Activity: 1750

Merit: 1005

Video Magi XMG https://t.co/gFo9Fqkimv
Check the video how to mine Magi XMG
Special thanks to @myTDNtv
Modify message

ex33s

sr. member

Activity: 476

Merit: 250

Oh, Finally!

The block reward has been up to 30 xmg per block

Current reward is now 20.68904572 xmg

Edit: Dropped down to ~10 xmg now.

Edit 2: Yea, dropping like crazy now. Down to ~2 xmg

btesla

newbie

Activity: 22

Merit: 0

So, guys, which pool is the best for mining XMG coins?! Kiss

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 173. (Read 2375617 times)