[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 32.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: The Frisian on December 30, 2018, 11:23:37 AM

This was by far the most terrible year of Magi.

Although the promises for 2018 were great: https://www.youtube.com/watch?v=5fbafS3fqYQ
They resulted in none developments, peoples trying to hack the coin, etc.

Price one year ago hundredfold of today. (1,20 usd against now 1,20 dollarcent)

Question : So what will Magi bring next year?
A new developer with new team or will the old dev team find it's motivation again.
Or will the coin stay dead as it seems for now? (Although people still mining and staking)

Fingers crossed something will happen next year

(A preemptive) Happy New Year by the way!

ArtemisioLuno

newbie

Activity: 47

Merit: 0

Let's hope New Year will bring joelao back !

DOGEbubble

hero member

Activity: 881

Merit: 501

CPU/Pi wallets and Mining are greatest features of MAGI and brought me here before.

It would be a shame if all these could not be continued and prosper, considering all the talents supporting this cryptocurrency. Cheesy

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

This was by far the most terrible year of Magi.

Although the promises for 2018 were great: https://www.youtube.com/watch?v=5fbafS3fqYQ
They resulted in none developments, peoples trying to hack the coin, etc.

Price one year ago hundredfold of today. (1,20 usd against now 1,20 dollarcent)

Question : So what will Magi bring next year?
A new developer with new team or will the old dev team find it's motivation again.
Or will the coin stay dead as it seems for now? (Although people still mining and staking)

edward0181

full member

Activity: 276

Merit: 100

Quote from: Andrey123 on December 27, 2018, 02:59:38 AM

Quote from: starmman on December 26, 2018, 01:53:36 PM

Quote from: ?? on ??

So no one answered unequivocally, about the coins for the crimson wallet ... is there anyone responsible for these questions?

Hey, the dev team haven't been around for quite some time

Personally, I don't download anything posted on btc talk - a few people uploaded trojan horse wallets in the past

Why then this topic remains open?
Why not block it?

Personally, I do not do dirty tricks for others and do not download viruses. You can run the wallet in a virtual machine and see for yourself ...

Maybe just because people do hope that it'll continue as it did in the past?
Loads of users still running XMG hoping on better days.

Andrey123

sr. member

Activity: 1778

Merit: 305

Quote from: starmman on December 26, 2018, 01:53:36 PM

Quote from: ?? on ??

So no one answered unequivocally, about the coins for the crimson wallet ... is there anyone responsible for these questions?

Hey, the dev team haven't been around for quite some time

Personally, I don't download anything posted on btc talk - a few people uploaded trojan horse wallets in the past

Why then this topic remains open?
Why not block it?

Personally, I do not do dirty tricks for others and do not download viruses. You can run the wallet in a virtual machine and see for yourself ...

s0litaire

member

Activity: 133

Merit: 15

Quiet in here these days Cheesy

Hope everyone is having a good holiday so far!

Been off line for ages (Downside of moving to a house with no internet and terrible mobile signal!!) my Pi-miners been off-line for 2 months. Sad

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: ?? on ??

So no one answered unequivocally, about the coins for the crimson wallet ... is there anyone responsible for these questions?

Hey, the dev team haven't been around for quite some time

Personally, I don't download anything posted on btc talk - a few people uploaded trojan horse wallets in the past

xms

full member

Activity: 223

Merit: 100

Quote from: The Frisian on December 23, 2018, 02:34:18 PM

Quote from: starmman on December 23, 2018, 02:23:42 PM

Joe probably got annoyed with all the FUD and attacks whilst the price was high

Sometimes I also get annoyed by a few of my customers.
But then I don't stop helping all the other customers.
I can not believe this would be a reason to quit.

right, you must show interest all the time its your coin joe so belief in it

gr xms

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: starmman on December 23, 2018, 02:23:42 PM

Joe probably got annoyed with all the FUD and attacks whilst the price was high

Sometimes I also get annoyed by a few of my customers.
But then I don't stop helping all the other customers.
I can not believe this would be a reason to quit.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: The Frisian on December 23, 2018, 11:27:22 AM

Quote from: yayat on December 23, 2018, 07:04:38 AM

Quote from: Myth888 on December 23, 2018, 06:59:54 AM

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL
Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

One year ago the price was around 4000 Satoshi, just before the explosion until almost 12000 Satoshi (29/12)
It's very sad that Joe and his team could not use the popularity this year to let the coin grow any further.
At this moment there's no communication possible with Joe, I send many pm to him but never got any answer.
I guess the only chance for this coin will be a fork of another team to continu the roadmap in 2019 because,
above all else, we must make Magi great again! Grin

Joe probably got annoyed with all the FUD and attacks whilst the price was high

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: yayat on December 23, 2018, 07:04:38 AM

Quote from: Myth888 on December 23, 2018, 06:59:54 AM

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL
Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

One year ago the price was around 4000 Satoshi, just before the explosion until almost 12000 Satoshi (29/12)
It's very sad that Joe and his team could not use the popularity this year to let the coin grow any further.
At this moment there's no communication possible with Joe, I send many pm to him but never got any answer.
I guess the only chance for this coin will be a fork of another team to continu the roadmap in 2019 because,
above all else, we must make Magi great again! Grin

yayat

full member

Activity: 434

Merit: 102

Quote from: Myth888 on December 23, 2018, 06:59:54 AM

hey guys any word on Joe?

LOL
Maybe he was on vacation at the beach while saying "let MAGI be traded by someone who just entered the cryptocurrents because MAGI coins are worthless". LOL

Circulating Supply
8,300,924 XMG but it's only 200 Satoshi, it's very cheap. LOL

Myth888

full member

Activity: 343

Merit: 102

hey guys any word on Joe?

Andrey123

sr. member

Activity: 1778

Merit: 305

Hello!
I made a coin purse for the Rapsberry Pi 3 computer.
And I will be very glad to coins Cheesy

95opaC9uSxwYb3ym7srz7MSHWE16GuhfZB

https://mega.nz/#!9uQ0RS5K!5d_cSN-quxarlFPH69y3GTY2JHD102oz5Tao5e-X1-E

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: The Frisian on December 16, 2018, 02:01:17 PM

Quote from: starmman on December 15, 2018, 08:47:31 AM

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

Congratulations, which day?
My first two (twin) were born on the 11th of december, 19 years ago.

Thanks - he was born on the 5th - 6 days late - he's certainly keeping us both busy =D

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: starmman on December 15, 2018, 08:47:31 AM

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

Congratulations, which day?
My first two (twin) were born on the 11th of december, 19 years ago.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: Hocus on December 13, 2018, 09:37:03 AM

Quote from: phaeliks on December 12, 2018, 10:00:30 PM

Quote from: The Frisian on December 11, 2018, 04:03:02 PM

Quote from: starmman on December 11, 2018, 11:40:05 AM

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:

To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed = 1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;

From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

Not the math we deserve, but the math we needed. Thanks, P!

Indeed, thanks for sharing. FYI: My first child was born last week - so don't have much time on here these days =)

Hocus

newbie

Activity: 21

Merit: 0

Quote from: phaeliks on December 12, 2018, 10:00:30 PM

Quote from: The Frisian on December 11, 2018, 04:03:02 PM

Quote from: starmman on December 11, 2018, 11:40:05 AM

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:
https://www.mupload.nl/img/x5ycuqs.jpg

To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed = 1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;
https://www.mupload.nl/img/pryprba.jpg

From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

Not the math we deserve, but the math we needed. Thanks, P!

phaeliks

newbie

Activity: 9

Merit: 0

Quote from: The Frisian on December 11, 2018, 04:03:02 PM

Quote from: starmman on December 11, 2018, 11:40:05 AM

I worked out a while ago that you needed about 15,000 XMG to generate one XMG per day - however the rate has dropped a lot since some changes in the spring - I'm no longer able to work it out as it fluctutates a little

It's now 20,000 XMG (in chunks between 750-1000) to generate one XMG per day.

What you're experiencing here is the variable interest rate of staking coins. As far as i can tell there wasn't a change in the code, rather than the amount of staked coins.
I haven't looked into the code, but in general there's evidence that the amount of staked coins directly influences the interest rate.
I've started tracking the magi metrics sometime back in February and as you can see on the following graph the more coins are staking the higher the interest rate:
https://www.mupload.nl/img/x5ycuqs.jpg

To know how many coins you need to gain 1 Magi per day is quite simple to calculate:
coins needed = 1 / ( stakeinterest / 365 )

you get the current interest rate with the "getmininginfo" method of the magid client. (Users of the GUI-wallet can type in that command in the last tab).
Just notice that numbers changes quite frequently, so you might take a average of the returned values.
I smoothed the following graph and your values seem to fall into that range;
https://www.mupload.nl/img/pryprba.jpg

From my experience staking 100-200 coins is the minimum you should try. below that you probably run into the problem that your coins age faster than they gain weight. As mentioned by others before the sweet-spot seems to be around 500-1k coins

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 32. (Read 2375926 times)