Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 299. (Read 2375939 times)

I just found this little video posted a few days ago on Youtube and thought it was worth sharing here: https://www.youtube.com/watch?v=DUC9d58uoHg

I started mining XMG on my Odroid XU4s a few days ago just for fun and I'll keep experimenting with this for sure. Interesting coin this 

Great - it seems like we are getting around a pool a week these days - must be good exposure

would be great if we could spread the magi around the exchanges too - don't wan't all the market marking profits to myself

Welcome in our friendly Magi community

Magi is happy with so many pools. Now lets try to get more services, articles & others...

Welcome in our friendly Magi community

Hello to all,

I'm pleased to annonce that I have openned a new pool for MagiCoin @ http://pool.n-engine.com

Low fee, nice hardware, fast connection!

Happy mining !

Main Pool url : http://pool.n-engine.com

A lot of virus checkers will flag bitcoin software as containing a virus because some people add the miner into malware

New Pool Magi 1% Fee



http://pool.mineblocks.co.uk/getting_started

Configure Your Miners

stratum+tcp://stratum.mineblocks.co.uk:3038 -u YOUR WALLET -p x

Ports ( 3038 )  ( 3039 Nicehash )  All ports Vardiff


Twitter : https://twitter.com/MineBlocksPool

Telegram : https://t.me/mineblocksp

Happy Mining

I've managed to buy a few extra - nice to see this price again - I like bear markets =)

Lol don't buy more than! 😉

Oh no, no more, my bags are so fully loaded.... oke just another few for the last round.... but then no more.

Great time to purchase some cheap XMG before price will raise again!

I agree with you Starmman
These weeks Magi is not doing bad at all
Specially compared with other coins.
Also people are waiting to see what happen with btc in november.

Hi Enoch,

I think this is an answer on many folds.

* Take a look at the sell wall to 10k on 'trex and you'll see the amount of sell orders on the higher reaches is pretty high, this means confidence and perceived value of people holding Magi is also very high (especially compared to people buying Magi). Anybody waiting to pump the coin will wait for confidence to wane before initialising a major campaign in order to increase profit levels.

* There is a rush for bitcoin due to the upcoming forks, leading to less people pumping money into alts as they want to gain additional coin. This has caused most alt prices to drop - look at XMR, DOGE, LSK etc, most have lost significant USD value, not so bad for Magi

* The rush for bitcoin has also inflated the USD/BTC price which means that Magi at 5k in todays levels will hit the same market cap of Magi at 10k a few months ago. USD price of Magi is not too bad.

* Also, a lot of the pumps during the outage were due to the markets being locked and large holders unable to transfer their coin in to sell during the pump, that meant that profits would be higher for the guys that were inflating the price.

* The liquidity of Magi is pretty high right now meaning that more coin are required to inflate the price

* Most of the coin is on one exchange - price and demand would be higher if people spread their coins across the other exchanges.

* Some people are shorting the price, expecting it to drop further

My thoughts are that most alts will continue to drop until after November before a surge, but I am often wrong =)

EDIT: I'm investing in about 15-20 coins - and I've noticed that daily volatility has dropped on them all, Magi is still one of the better performers in my portfolio. I don't think there is a magi specific issue, just market dynamics - same thing happens every few months - was a similar situation back in March

As an investor that has been following this coin all through it's down time and mining a lot for it, and sticking through till the end I find myself frustrated due heavy duty lack of market action.

It is confusing to me why we had the nice regular spikes before in the value up to 10k satoshi then the following week to 3-4 weeks of slow decent back to baseline.   Right now is a great time to buy in because of the price being so low but now I am concerned because I haven't seen anything close to a spike such as that I would want to exit my holding position right now.

I trusted this coin to spike and I have been holding for several weeks now in the hopes it would and at this point in time I am serious considering dumping my position with the slight loss I will take because it appears this market is dead.

Has our lovely coin died due to the downtime losing us investors and spike creators and market makers?  Does nobody have the ability to spike it up to 10k like we see sometimes and bleed it slowly to 6k or so, so anyone who is in a long hold position can exit with a kind profit like it's prior tendancies?

It is very frustraiting, can any one explain why we are not seeing the spikes we used to?  Did we lose the whales who were causing them before and noone in the actual community has the ability to create them?

thanks.  I put all the funds I was hoping to trade for now as a hold into XMG in order to exit at the peak of the bitcoin and now that I want to exit, I am just stuck waiting.  I am missing a lot of other trading opportunities, so I was hoping for a chance to shine in this as well since apparently our own coin is asleep?

again, thanks everyone.

Enoch

A miner is some software which generates new coins - it can run on a desktop for Magi (Magi is a CPU coin) - be sure to read the OP as the coin is very unique, the rewards drop as total hash increases making it better to slowly mine at a low rate - the theory is that people mining with a large hash will reduce the rewards for everybody, and eventually quit as it will cost more in electricity...

Thank you.
What is a miner? Did you mean miningrigrentals.com ? or what?

Welcome amigo in our awesome Magi community
Magi team continues working on improvements and developments check the roadmap here
https://roadmap.coinmagi.org

1) download the wallet
2) download a miner
3) choose (and sign-up to) a pool and point to your miner to your pool

There are more detailed instructions on the OP =)

LOVE MAGI!
Amazing dev.
How to mine MAGI?

I didn't notice at all - there is some crazy trading on yobit today so my logs are filled up reacting to a bot micro buying. I would have noticed some extra satoshis in my trex account eventually though =)

My bot actually works passively unlike these active bots that react on a trend - Looking at the orders that you filled, my bot is doing something very similar to how it looks like you are trading (market making) but on a smaller scale.