Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 191. (Read 2375926 times)

I disagree.

XMG has been very profitable for me for a long time.  Up until the issue that took XMG offline.

It's certainly not profitable at the reward level it's been at since coming back online.

The whales will move on. Just be patient. Whales aren't stupid.

A whale at 10 Mh could get about 4 XMG in a day at the current rate.  Worth what... $5 or $6?

Or they could be mining with the same equipment on Monero and getting $25 or $30 in a day.

Actually this is for most years already. Only in the beginning it was (maybe) profitable to mine.
But in the beginning there was no exchange, this lasted for a few weeks.

Where do these newbies with their massive hash rates come from, thinking mining Magi would be anyway profitable.
Guys, it's not profitable for the last 4 years.

If you want to mine Magi, it's just for fun.

If you want to earn some money, buy XMG, or GRS on bittrex and start trading.
Only this way Magi makes me, and you, a fortune.

They have still not responded nor return my measly amount of XMG.

I would suggest staying away from XPOOL.

xpoolx admins contacted me and I got back my 35 xmgs getting back an xpoolx to do some mining

Gastar 7.4 Mh/s solo para obtener 3-4 XMG parece algo verdaderamente insostenible.

Spending 7.4 Mh/s just to get 3-4 XMG seems truly untenable.

That's crazy - I suspect the botnet or whatever is running has decided to add even more power, usually these people don't read up on the coin and just push their power at it - Can't see it lasting too long though

The net hash rate has dropped quite considerably, a few hours ago I think I could see up to 160.000 Kh / s.
I think that is positive, yes, if it goes down to 50 Kh / s as long as it is beneficial for everyone in general.

Thanks ex33s friend, this valuable information helped me a lot, Thanks.

I'm not mining at all right now - there is no point at those rates - I can get much more magi from trading =)

I'm joining in to (even tho i'm pretty much a nobody )

Who are you?
I'm a 42 year old merchant mariner, beekeeper, former taxicab fleet owner and mechanic.
I'm a 19 year old web developer from the Netherlands. Mainly doing everything as a hobby since I can't really find my way in life (don't know what I want to do when I get older)

Past projects and experience?
I've worked on quite a few smaller projects that you've probably never heard on.
Never really worked on any professional project
Right now, I'm developing a webwallet like blockchain.info but for CoinMagi (https://mymagiwallet.finlaydag33k.nl)

Where you think CoinMagi will be next year, five years from now.
I think that CoinMagi could become a decent asset, but probably not as known as Bitcoin and Ethereum (less "cryptonoobs" that hear from it through the mainstream Media n such).


Other interests besides crypto.
I do some engineering here and there.
Trying to turn a bit of effort now, in less effort later, or just making stuff that I can use for fun or comfort (like the little vent I made for my PC to keep my feet warm in the winter)

Airsoft, got into this begin this year, and I finally got some money to get started myself (still looking around for the last bits before attending events!)

Socialising, I like to socialise quite a bit (in case you didn't know from this post yet lol), meet new people, spread ideas, gain ideas and trying to pass my knowledge around (my life will end someday, but my knowledge shouldn't have to)

How you got interested in crypto.
Found Bitcoin back in 2010, but I couldn't do a lot with it as I wasn't allowed to spend money on it by my parents (I was 10 at the time).
When I turned 14 I finally had my own say about my Money and my own PC, so I got started with Bitcoin, then discovered Litecoin and Feathercoin.
After a year or so, I really got balls-deep into it.
Still got a lot to learn, but I'm learning every day!

Wow! Somebody must be throwing a lot of hash power at the coin, I suspect it wont last too long if somebody is paying bills - there must be more in staking than mining at that rate =)

Wow I surrender, "sigh"
Then we just have to wait for the whale to quench its thirst and let it breathe a little at the net Hash rate so that it stabilizes around one 50 to 60 Mh / s .... It could also be good to limit the hash rate in each pool of mine. Apart from limiting the hash rate of each user. Maybe it sounds like something against the principles of decentralization, but if it is in everyone's favor equally I think it would be good and worthwhile.

Don't know, it's more Joe's table about how that works



Nice to meet you Love to read your article when it's done

Has anyone else had issues sending XMG to Cryptopia last day or so?

Sent some from my wallet over 24 hours ago and blockchain is showing it as confirmed but noting from it has hit my Cryptopia account. I have verified that the receive address is correct.

I know Magi has no control over Cryptopia, just curious if others having same issue recently.

First we had #me to now we have #about me?

thanks for the info! Since when is the pool opened up again? I think it was closed due to the hardfork because the pool didn't find a block since 12/16/2017 13:10:21, right?

So do you think we just have to wait a couple of more hours until the first block will be solved?

Thanks!

Sweet! I'm working on writing up a Newbie's Guide to Coin Magi and also looking for more how-to stuff, but also interest in the nitty gritties. Hoping to have sub-chapter headings like "Governance" and "How PoW and PoS Work Together to Secure the Network"

I'm not part of the team. I think I could contribute usefully, though. Sadly, work has me away from comm access for months at a time.

About me:

Who are you?
I'm a 42 year old merchant mariner, beekeeper, former taxicab fleet owner and mechanic.

Past projects and experience?
None related to currency or programming or cryptography. Plenty running and managing businesses. Some experience rebuilding truly large, and really tiny, diesel engines.

Where you think CoinMagi will be next year, five years from now.
I don't know but I know where I'd _like_ it to be. I'd like it to price-stabilize in the neighborhood of around USD5.00 and achieve deep retail market penetration with a selection of "light" wallets (no attached chain and not contributing to PoS) for use at brick-n-mortar retail locations. A stable exchange price (+/- 5%) means merchants can mark their items in XMG with little worry about over/under charging customer base.

Other interests besides crypto.
Sailboats! Everything from dinghies to classic yachts and tall ships. Actually, I have spent the last five years working aboard tall ships. My poor dinghy is feeling neglected...

Honey and bees. The best way to relax is to sit on the back porch with a beer in hand, watching the bees going to and fro at the hive entrances. And shooting the bears who try to ransack them! Grr...

Alternative energy and energy efficiency. Thus my interest in XMG compared to other cryptos.

Diesel motorcycles. 'nuff said.

How you got interested in crypto.
I've been generally watching Bitcoin since about 2010. Didn't actively get into mining or trading until 2016. My portfolio is small but growing.

etc.
Planning a summer yachting cruise of the Sea of Okhotsk. Some day. ::sigh::

If the price of 1 XMG were reduced to 0.1 USD at the moment, I think it would be the end of all this, since it would need 7000Kh / s or 7000.0000 of H / s approximately to be able to obtain a measly 0.1 USD per day.

Unless, if you lower the price of 1 XMG increase the reward per block found.

Today 72 XMG mined, that's all time low.

https://chainz.cryptoid.info/xmg/#!overview

I hope no one has to pay for electricity, otherwise you lost your money today.

The last 40 blocks found (by Bullmining and Suprnova) seem to be around 0.25XMG per block.
I see that it *can* reach 42 (why 42? cus it's the answer to everything? why not 37? it's the mathematical answer to everything ), but it doesn't do this atm (this is due to the big miners I can tell from your post?)





Easier said then done.
also, do mind that if XMG goes up in value, more big miners might join in as it's getting more profitable, decreasing your rewards anyways.
no offense, but your comment sounds more like: "Get it to $5 so I can leave with a nice profit" rather than an actual fix :p