Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 254. (Read 2375939 times)

Nothing that's low difficulty. The last low difficulty coin that I mined that I thought had potential (still do); was AEON; but the difficulty is now quite high so unless you have a large amount of idle CPU power idle and available to mine you wont see much in terms of rewards.

Saw 111magic's post regarding news on the upcoming hardfork and POW/POS-II moving forward. Looking forward on what you've you'll be rolling out.

XMG is a unique one and I think provided the hardfork gains traction theres no reason XMG can't be trading well into the mid 5 figure satoshi price range in the months ahead.

Coins on exchanges with less than 100 pages of posts on their ANN thread trade at 2-10 times XMG's current strike price. The fact that the coin has held a loyal following for over 3 years; a time which so many coins were launched, listed, and failed / delisted... speaks volumes for it's potential moving forward.

Cheers!

Strato

thanks for the info, already checked those but it's not that good. nothing like xmg so far. I had my 38 pc's plus 2 servers doing some 4.5mhs on xmg and it was really good

http://cpucoinlist.com
Its not up to date. But it might help you a little

do you guys know any other coin that could be mineable with cpus, something low diff? just to do, while xmg hardforks and we  can go back to mining it

As far as I know Magi is the only coin using m7m algo.

Info from team Magi will follow today!😃

still waiting for xmg mining to start, cause it's a beautiful coin and my pc's are itching to mine it again

do you know any other coin similar to xmg that uses m7m algo? been looking around, but haven't found anything

I'd also add that the recent drop from the day's high coincided identically with the overall Bittrex Altcoin pullback.

Either a single trader holding a large chunk of all altcoins sold all their positions; or Bittrex did a system wide sell of their altcoin holdings (which they accumulate in various ways; one of which is fees on trades).

The entire Bittrex Market dropped roughly 17%.

Literally the entire Altcoin market just dropped like a rock.

So buy opportunities are certainly out there; and XMG as I had indicated in a previous analysis post; is high on my short list of strong buys.

TOP TEN 24 HOUR % GAINS ON BITTREX MARKETS

PAIR          MARKET                             VOLUME      GAIN         LAST          HIGH         LOW                  DATE ADDED

BTC-CPC   CapriCoin                         160.461   41.1%   0.00006810   0.00007501   0.00004750   0.0%   07/25/2015
BTC-XZC   ZCoin                                 2080.499   23.6%   0.00759945   0.01159999   0.00610000   0.0%   10/20/2016
BTC-SPR   SpreadCoin                         203.387   18.3%   0.00005052   0.00007700   0.00003808   0.4%   12/18/2014
BTC-INFX   InfluxCoin                          77.819   10.5%   0.00009662   0.00014500   0.00008064   0.4%   10/03/2015
BTC-XWC   WhiteCoin                          27.894   9.9%           0.00001726   0.00001950   0.00001588   0.2%   04/13/2014
BTC-RISE   Rise                                  4113.241   9.0%           0.00006265   0.00009989   0.00005600   1.0%   06/24/2016
BTC-NEOS   NeosCoin                         146.381   8.9%           0.00053037   0.00077118   0.00046443   1.8%   08/19/2014
BTC-XMG   Magi                                    66.038   8.5%           0.00004530   0.00006000   0.00004119   1.2%   11/10/2014
BTC-REP   Augur                                  792.510   8.0%           0.00527998   0.00631238   0.00485000   0.5%   10/04/2016
BTC-CRW   Crown                           38.550   7.4%           0.00021476   0.00023900   0.00019813   0.6%   03/06/2017

The above 10 had a spread from 72% to 29% just 1 hour ago.  Nice to see XMG is still on the top 10 gainers!

Cheers!

Strato

The hardfork is expected shortly; as in, within the coming weeks at the most I would expect. I'm interested to see the changes/features we will see specifically with the POW/POS-II coin generation structure.

I am sure the Dev Team is timing the hardfork with Bittrex's current service upgrade schedule as well. As Bittrex has seen a huge increase in new traders, they've simply become overloaded; putting a temporary halt on new account registrations, increasing confirmation times, etc.

As Bittrex clearly is juggling a lot of items, and most of volume of trading for XMG is handled on the Bittrex exchange, I'd think the timing of the release will coincide with when Bittrex has given the greenlight on when they will be implementing the new daemon/node so that XMG deposits and withdrawals are not interupted.

Until then we'll just have to wait. I know theres a lot of anticipation, and by looking at the trading waves it's clear there are traders who are accumulating XMG on the dips and are holding for the release of the new node.

When the hardfork is released, XMG will likely prove to have been a smart investment in any trader's portfolio.

Volume is nearly triple the past 24 hours compared to the previous period. And even with the most recent bump and dip the coin is still trading up 15% from yesterday.

Looking forward to see what's to come.

Cheers!

Strato

Www.xpoolx.com/magindex.php works "fine" finding some blocks during this attack

If there is a hardfork, the price is going to increase or go down? Magi was a great coin and still is. hopefully it'll be better after this fork.

Mining is down right now, there will be a hardfork soon.

which pool should I use?
it seems like I'm the only one on the m-hash.com pool

The 24 Hour Volume has roughly doubled from the previous 24 hour period; and the price is up roughly 23% from 24 hours ago.

But I think it's important when analyzing XMG as a possible trade investment on a more macro level. (Personally I avoid pump coins; and really pay no attention to "what jumped 500% since yesterday"; because those moves are so manipulated by the major stakeholders; it's really not a safe way to trade trying to jump in on those rallies because the bottom could drop out at any moment.

This being why I like coins like XMG; which show a relatively stable trade pattern (with gains); which XMG does. It's up 23% from yesterday; but it's up only 50% over the last month. This shows it's not trading on wild swings. A good thing.

Also; I think that even though we're seeing some technical hangups with Bittrex at the moment; we need to keep in mind Bittrex as a whole is putting out fires everywhere. They have temporarily halted new registrations. They are upgrading their servers. They have new features in "The Lab" they are developing.

They also manage 197 Currencies at the moment. Each of those coins requires their servers are running a full node/daemon managing all of the deposit addresses. XMG is just one of those 197... and their site as a whole is undergoing maintenance.

I think the biggest and perhaps most overlooked aspect regarding XMG in terms of it's (in my opinion) undervalued price point... is the coin's history. It hasn't been traded on Bittrex long, but it has been traded on other exchanges dating back to 2014.

The average coin age (since launch/POW/POS Start) on Bittrex is a median of 1/2016. XMG is 18 Months older than the average. That to me is a large draw as it is a clear sign the coin is not in any way a here today, gone tomorrow crypto. It's been around forever.

It has other factors I love as well, but I'll stop there. I think the 5000 Satoshi price point is great, to see the gains, but I'd still call it a strong buy.

Bitcoin was a buy at $300, and after doubling to $600, and again to $1200, and again to $2400, again to $5400, and so on.

So to put that into perspective; I see no reason (not talking pumps); that a coin like XMG could see a double, redoubling; and then again and again over weeks or months. It's not about a 1 day gain. We all know coins swing up 20% and down 30% then up 35% like crazy... Long term buy and hold is really the way to reap huge gains. I learned that by doing just the opposite, and losing a lot chasing the pumps way back in 2013 when I got into this game.

The well established, old and large community coins are doing just that... DOGE is a great example. It sideways traded for eons, and has trippled in price in the past month.

Ok that's it for now.

Merry Christmas Folks!

Strato

Completely agree with you, mate. After the testing period is over, and the issues underlying Magi get addressed, we can get to see a stronger XMG by next year. Ever since I've started with Magi, prices were between the $0.01 - $0.02 USD range.

As of now, it's price has tripled, and it could rise even further as more people join in this exciting cryptocurrency and development goes ahead. Among the many different cryptocurrencies in existence, Magi is unique in the sense that you can mine it virtually anywhere, especially smartphones which make it convenient for anyone to start making some coins. I believe that this process is far more decentralized than Bitcoin's model, as it is ASIC and GPU resistant allowing anyone to participate in the mining process.

Nevertheless, I hope that next year would be huge for Magi filled with new and exciting stuff that will pave its way towards success. Once everything is up and running with XMG, I would love to get back to mining it. I have the feeling that XMG might be worth $2 by 2018. When that time comes, many of us Magi enthusiasts would have made some nice profit. Just my opinion


P.S. Merry Christmas to all Magi enthusiasts! 

The nice increase in Magi price today - was a welcome sight when I got back after a long drive - great to see things going well. Think we will have a new ATH in terms of market cap!

hello friends, I write to ask if it is possible to make XMG transfers from minerclaim to bittrex, since I made one from suprnova to yobit more than two days ago and have not yet reached the funds, any help infinitely thanked you, greetings.

Magi its preparing a huge jump!

Live from Bittrex
Magi (XMG)
LAST
0.70 0.00005019
VOL
594567.56 42.4386
BID
0.70 0.00004984
ASK
0.70 0.00005019
24H HIGH
0.77 0.00005525
24H LOW
0.57 0.00004100


in the last 10 min the volume went from 35 to 42 almost 10 bitcoin's

Oww nice! Enjoy amigo!

Me too, T-bone steaks on the BBQ.