[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 33.

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

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.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: ArtemisioLuno on December 10, 2018, 07:20:55 PM

Quote from: jcreyesb on December 08, 2018, 05:17:08 AM

Hi guys, how many XMG i need to a good stake?

i suggest at least 200XMG to stake with some reward every now and then. Better to have from 500 xmg up to 1000 xmg so you can stake more often. (more coins you have more probability you have to be choosed for staking). In magi.conf they suggest to split big amount of xmg transactions in transactions of 1000xmg so the sweet spot for good stake is between 500 and 1000xmg not more than 1000xmg

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

ArtemisioLuno

newbie

Activity: 47

Merit: 0

Quote from: jcreyesb on December 08, 2018, 05:17:08 AM

Hi guys, how many XMG i need to a good stake?

i suggest at least 200XMG to stake with some reward every now and then. Better to have from 500 xmg up to 1000 xmg so you can stake more often. (more coins you have more probability you have to be choosed for staking). In magi.conf they suggest to split big amount of xmg transactions in transactions of 1000xmg so the sweet spot for good stake is between 500 and 1000xmg not more than 1000xmg

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: allfriends88 on December 08, 2018, 05:12:57 PM

Hey team, how about magipay application? whether it's been launched? where can I find the application? If the whole world people could use such an application, or just in your country?

I'm afraid the team has gone!

allfriends88

full member

Activity: 560

Merit: 100

Hey team, how about magipay application? whether it's been launched? where can I find the application? If the whole world people could use such an application, or just in your country?

ArtemisioLuno

newbie

Activity: 47

Merit: 0

Quote from: starmman on December 02, 2018, 06:55:03 AM

Quote from: ArtemisioLuno on December 02, 2018, 06:05:10 AM

Speaking about exchanges....a new one called XLobs is going to open soon and I proposed XMG to be listed on the exchange! No listing fee required, just vote for xmg to be listed! Vote here https://xlobs.com/vote/

I'll take a look to see if I can find any more information about the exchange - shame they don't expose any address / company information

I found a tweet that expose some company information https://twitter.com/LOBSTEXofficial/status/1042475988502958083
I didn't know them too, they seems very new, a new coin (lobstex) was launched on May 2018, but is doing well with just PoS and Masternodes
Now in December they will start the exchange xlobs and a wallet aggregator Kointel
It seems promising to me,looking how new they are and so much development done....let's see if they list XMG on the exchange, at least Magi has been voted 11 times, more than Monero!

Let's hope for Magi to be listed in a new exchange to boost the XMG price a little bit Grin

Btw, any developer news? I noticed the website for the magi poolinfo website is down or in maintenance....going to https://poolinfo.systms.org/ says the https certificate is not valid and gives a login prompt to zimbra. What happened? Even the explorer https://chainz.cryptoid.info/xmg/ does not return a well formatted page Undecided

jcreyesb

full member

Activity: 224

Merit: 100

Hi guys, how many XMG i need to a good stake?

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: starmman on December 05, 2018, 05:31:37 AM

Maybe more people staking than mining. I think there needs to be a ratio

I see almost 75% of the blocks are stake blocks. It's a pity blocksize is very small, only a small fee.
But this doesn't explain the many staking orphans.
I see almost 100 wallets staking, 2500 wallets are mining.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: The Frisian on December 05, 2018, 03:57:35 AM

Why looks staking so bad, mostly orphans.

Also the reward was in the past bad, 1 XMG per 10000 a day.
Nowadays it's almost dust, 0.4 XMG per 10000 a day.
(Since the problems may this year and the changes made because of this by Joe)

Maybe more people staking than my Ning. I think there needs to be a ratio

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Why looks staking so bad, mostly orphans.

Also the reward was in the past bad, 1 XMG per 10000 a day.
Nowadays it's almost dust, 0.4 XMG per 10000 a day.
(Since the problems may this year and the changes made because of this by Joe)

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: ArtemisioLuno on December 02, 2018, 06:05:10 AM

Speaking about exchanges....a new one called XLobs is going to open soon and I proposed XMG to be listed on the exchange! No listing fee required, just vote for xmg to be listed! Vote here https://xlobs.com/vote/

I'll take a look to see if I can find any more information about the exchange - shame they don't expose any address / company information

xms

full member

Activity: 223

Merit: 100

Quote from: ArtemisioLuno on December 02, 2018, 06:05:10 AM

Speaking about exchanges....a new one called XLobs is going to open soon and I proposed XMG to be listed on the exchange! No listing fee required, just vote for xmg to be listed! Vote here https://xlobs.com/vote/

hey all,

i voted ...

gr xms

ArtemisioLuno

newbie

Activity: 47

Merit: 0

Speaking about exchanges....a new one called XLobs is going to open soon and I proposed XMG to be listed on the exchange! No listing fee required, just vote for xmg to be listed! Vote here https://xlobs.com/vote/

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: The Frisian on November 27, 2018, 03:34:54 PM

Quote from: starmman on November 27, 2018, 11:17:45 AM

If the coins are no longer transferable from the exchange then they will be effectively locked out of the market

Interesting, still 2.4 million XMG on Bittrex and 88K on Polo.
Some wallets are still used during the last days.

Seems a bit crazy that all that magi is not currently tradeable - I guess the wallet in position 2 must be 'topia

The Frisian

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Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: starmman on November 29, 2018, 05:46:22 AM

yes, they'll eventually combine and stake into blocks of 500 - not sure how it works with smaller quantities of magi - my wallet is full of blocks of 500 magi

Blocks of 300 is also okay, look here:

https://chainz.cryptoid.info/xmg/block.dws?2038501.htm

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: ArtemisioLuno on November 28, 2018, 02:42:32 PM

I have bought some xmg and in my wallet i have 2 transactions of 250 xmg and 300 xmg.

in the magi.conf file i have

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=500

should the 2 combine into 1 of 500 xmg? i only see they stake separately, the 300 xmg more often than the 250 xmg....

Hi,

yes, they'll eventually combine and stake into blocks of 500 - not sure how it works with smaller quantities of magi - my wallet is full of blocks of 500 magi

ArtemisioLuno

newbie

Activity: 47

Merit: 0

I have bought some xmg and in my wallet i have 2 transactions of 250 xmg and 300 xmg.

in the magi.conf file i have

# Transactions with values less than the threshold will combine into one
stakecombinethreshold=500

should the 2 combine into 1 of 500 xmg? i only see they stake separately, the 300 xmg more often than the 250 xmg....

toogoody

jr. member

Activity: 588

Merit: 1

List of MAGI mining pools with live stats & hashrate distribution

https://miningpoolstats.stream/magi

The Frisian

legendary

Activity: 1019

Merit: 1003

Senior Developer and founder of ViMeAv ICT

Quote from: starmman on November 27, 2018, 11:17:45 AM

If the coins are no longer transferable from the exchange then they will be effectively locked out of the market

Interesting, still 2.4 million XMG on Bittrex and 88K on Polo.
Some wallets are still used during the last days.

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: manosv on November 27, 2018, 05:54:10 AM

Quote from: starmman on November 25, 2018, 04:05:31 PM

Quote from: manosv on November 25, 2018, 09:58:19 AM

I have a question about the coins that are still in Bittrex wallets.What will happen to them?
I see that these address continue to receive coins presumably from bots that are still mining.

I think the wallet will stay open for a finite amount of time - if that time is exceeded then I suspect that the coins will be locked away eventually - that's what happened with Polo

When you say "locked away" what do you exactly mean.

If the coins are no longer transferable from the exchange then they will be effectively locked out of the market

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 33. (Read 2375926 times)