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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 297. (Read 2375939 times)

newbie
Activity: 17
Merit: 0
They need to fix the rewards for trading volume to grow, the community are primarily holders its people mining the coin on potential that are the ones that push trading, a 25c coin is never going to see real trading without a constant influx of mined coins being traded for BTC

a month ago xmg was actually profitable to mine, i was making around $2.50 a day with 5 computers that were just idle mining magi...thats half of what a 6 card gtx 1060 zcash miner makes. So people can mine 100-500 magi in a reasonable amount of time and sell it on rex and get the coin moving. While you need 5 computers and 2 weeks to mine 10 coins nobody is going to care about magi

** just to clarify: nobody will care about magi as the miners trading in coins generate the spikes that get people trading...if nobody is mining any magi worth noting there is no selling and no spikes (and no "spikes" that are really just fluctuations in BTC value arent spikes regardless of what a chart looks like, it was the 20-33c value spiking back when magi was delivering moderate mining rewards that pushed the coin up)
legendary
Activity: 1750
Merit: 1005
Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.
Thanks for your words here & indeed we hope trading volume will grow!
legendary
Activity: 1484
Merit: 1029
i think thats asking for trouble if you putt a ad like that Grin
Haha, yeah - I only remember one coin that built its own exchange called Banx, and they didn't last too long.
legendary
Activity: 1484
Merit: 1029
Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
How do you mine the coin with CPU, you will need very powerfull cpu i guess to mine some coin. This was one the first coin i got when i started with crypto and still love this coin!
I'm just mining with an i7 at the moment - I don't earn too much via mining just a few magi a week - but something is better than nothing. I get much more through trading and staking these days...
legendary
Activity: 1484
Merit: 1029
Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.
You are right there - Magi is a slow burner - but slow and steady. Long term market cap is slowly increasing every few months - price seems to be consolidating at the moment.
hero member
Activity: 565
Merit: 500
Crypto enthusiast for years.
Soo many new Projects out there, but always like to check old good one like BLK, VTC, or XMG. This coin has not big trade volume, as shoud have, but has very good reputation and community support.
sr. member
Activity: 574
Merit: 250
Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
How do you mine the coin with CPU, you will need very powerfull cpu i guess to mine some coin. This was one the first coin i got when i started with crypto and still love this coin!
full member
Activity: 196
Merit: 100
I added it to my pool  Wink

It's based on YiiMP, no registration is needed :

Stratum  : pool.nosekefik.com:6033
User     : YOUR_ADDRESS
Password : c=XMG

Website  : https://pool.nosekefik.com/
Payout   : Every 20min
Fee      : 1.00 %

Example:
Code:
m-minerd -o stratum+tcp://pool.nosekefik.com:6033 -u 9FiRj5w5K7MtcQquBWeQW2temQB7L5EvVG -p c=XMG -e 90  

Happy Mining =)
legendary
Activity: 1750
Merit: 1005
Hi all. Please tell me how to config for CPUs in order to mine the coin. Thanks all
Check post 1 there is a lot of info there.
hero member
Activity: 575
Merit: 502
i think thats asking for trouble if you putt a ad like that Grin
legendary
Activity: 1484
Merit: 1029
Bittrex is for Magi the biggest. How about building own Magi exchange?
I thought about building my own exchange before - and decided that the security risk is too high for me to handle plus risk of holding peoples money / financial regulation / fees / tax / keeping users details / not holding laundered money / fiat conversion services. At least you'd need to form a limited company, and probably more depending upon which country that company is registered. My decision in the end was to leave it to the experts - or at least people who are (mad enough|willing) to take such a high risk.
legendary
Activity: 1750
Merit: 1005
Yes thats what i mean! You have contacts?
No, just saw it coming by.
Ok thanks. I will ask around
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
Yes thats what i mean! You have contacts?
No, just saw it coming by.
legendary
Activity: 1750
Merit: 1005
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?
Something like this : https://freelancer.nl/opdracht/Gelderland/Culemborg/Crypto-currency-exchange-31569
Yes thats what i mean! You have contacts?
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?
Something like this : https://freelancer.nl/opdracht/Gelderland/Culemborg/Crypto-currency-exchange-31569
legendary
Activity: 1750
Merit: 1005
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange

Bittrex is for Magi the biggest. How about building own Magi exchange?
legendary
Activity: 1484
Merit: 1029
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
Not too great - usually only a few hundred magi traded per day on each exchange
legendary
Activity: 1750
Merit: 1005
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
How is the volume on Novaexchange & Cryptopia?
legendary
Activity: 1484
Merit: 1029
Wow good call Starmman. 💪
Awesome day of trading today - Was nice to see a little flash crash and full recovery of Magi this evening.
legendary
Activity: 1750
Merit: 1005
Noticed a tweet about Bitcoin Gold from Poloniex

https://twitter.com/Poloniex/status/922696754667098113
Thanks for sharing - price on yobit has dropped from 0.08 to 0.05 today - I'm glad I sold out when I did =)
Wow good call Starmman. 💪
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