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Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 568. (Read 2375972 times)

legendary
Activity: 1484
Merit: 1029
hmm seems that no big holder here has the funds or ability to take mkt to a decent price tho. 2100 satoshi for this limited supply coin is nt vry good. lets see if it improves
Magi is growing slowly, but has done pretty well over the last year - Market Cap has increased from 40k to 200k in 12m, not explosive growth but nice and steady SMA - there has been a nice bit of volatility - but usually with a range of 1500 to 3000 sat, its a unique coin and difficult for the big players to mine and take advantage of with large hash rates - which is probably why the growth rate is how it is, volume is significantly up over the last year too.
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)
Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol
I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.
Don't worry, bro. I won't dry up XMG. As you know XMG is not pure PoS coin. As far as I know, pure PoS coins usually suffer from no liquidity problem.
That's way I believe future of XMG and I invest in this coin. Smiley
I was thinking earlier, our liquidity on Polo is actually looking better than it ever has so not as much as an issue now than it used to be. I think XMG is in a great position for further growth =)
hero member
Activity: 546
Merit: 500
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)
Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol
I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.
Don't worry, bro. I won't dry up XMG. As you know XMG is not pure PoS coin. As far as I know, pure PoS coins usually suffer from no liquidity problem.
That's way I believe future of XMG and I invest in this coin. Smiley
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)
Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol
I don't have so much XMG but I'm holding some and trading some - I've learnt with smaller coins its good to strike a balance between keeping some open on the markets to enable liquidity and holding some back, if there is no liquidity the coin will die as there wont be any XMG to buy. We suffered this last June and the coin almost dried up. If I (gradually) sell 25% of my stash to entice more people to buy to increase the price by 100% then that's money well spent. I now have a robot providing a small amount of liquidity on Polo and will extend it to the other three exchanges in due course. I'm currently providing liquidity manually on two other exchanges, and still need to open a cryptopia account.
hero member
Activity: 546
Merit: 500
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)
Right, I bought IOC at 2000 sat 3 years ago and sold it at 30K last year. I've been bought XMG up to 140K, not willing to sell it in the short term. Maybe will purchase more. lol
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
Yeah, if a coin is pumped too quickly it can almost kill it - and its not usually the long term investors who win - its the whales - the people working on the coin often sell out too early or hold on and don't sell at all then get disenfranchised with the coin. I like it slow, but with a bit of volatility to encourage some range trading =)
legendary
Activity: 1750
Merit: 1005
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
Ok so its a result of a big pump. Hmm thats why i like a stable raise more! ;-)
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
NLG market cap was pumped 20x in about a month back in October and is still finding its feet - I think the pump fallout plus the BTC price hike has caused that. I don't own any NLG
legendary
Activity: 1750
Merit: 1005
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
How can we change that?
Noticed other coin dropped big. NLG from 0.000089 to 0.000013 is that correct?
sr. member
Activity: 312
Merit: 250
I've notice that the price info disappeared from wallet from about 2 days.

Also the wallet isn't staking from atleast 10 hours

Code:
getmininginfo
{
"blocks" : 1220363,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 2.04336221,
"proof-of-stake" : 0.01807929,
"search-interval" : 1
},
"blockvalue" : {
"difficulty-V2" : 3.18456382,
"blockvalue" : 2.77791977
},
"netmhashps" : 44.34277312,
"netstakeweight" : 928195.69517220,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 17615,
"maximum" : 0,
"combined" : 17615
},
"Expected PoS (hours)" : 1,
"stakeinterest" : 0.03125170,
"testnet" : false,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 44342773,
"testnet" : false
}

I can see that you seem to have PoS coming. What does "getmininginfo" give?

I don't see issues with price info; try to click on it to refresh.

Its OK now. Thanks for response, Joe
Wallet is staking like crazy! Wink
And the price info updates on click. (Learnt a new thing)
legendary
Activity: 1484
Merit: 1029
It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
We could certainly do with a couple of larger investors on polo looking at Magi, any idea how we can get more interest?

Magi volume has always been at the low end of the Polo charts and now the volume is actually higher than average since the start of this year - certainly in terms of USD volume. check CMC from 01/11/2016 to 03/03/2017 (before that was a massive pump which skews the charts), you'll see things are heading in the right direction

Comparing volume from Jan/Mar to Jan/Mar last year our volume is up x10 or x20 - highest 24hr volume was ~350USD last year - this year we are looking at ~17000USD, lowest this year is about 170 USD and last year 28USD, looks almost like a different coin =D
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
We could certainly do with a couple of larger investors on polo looking at Magi, any idea how we can get more interest?

Magi volume has always been at the low end of the Polo charts and now the volume is actually higher than average since the start of this year - certainly in terms of USD volume. check CMC from 01/11/2016 to 03/03/2017 (before that was a massive pump which skews the charts), you'll see things are heading in the right direction
hero member
Activity: 558
Merit: 500
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!

It's too bad that there no market manipulation. Small volume = small interest from Polo to keep this coin at exchange.
legendary
Activity: 1484
Merit: 1029
Volume is up a bit more today now - I also see market cap has peaked above $200k again, signs are okay - but would be better if we can get more volume, once my trading robot has bedded in, I'll change some parameters which will likely help a little bit, my trading volume isn't so high yet though so probably wont make an enormous impact to start with - but every little bit helps =D.
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!
I notice that this often happens when the BTC price is rising sharply (or during POI), Magi usually gets more volume when BTC is falling or flat. Both times we had issues with Bittrex it was during sharp increases of BTC, I think the reason is because not so many people want to sell their Magi.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
I've notice that the price info disappeared from wallet from about 2 days.

Also the wallet isn't staking from atleast 10 hours

Code:
getmininginfo
{
"blocks" : 1220363,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : {
"proof-of-work" : 2.04336221,
"proof-of-stake" : 0.01807929,
"search-interval" : 1
},
"blockvalue" : {
"difficulty-V2" : 3.18456382,
"blockvalue" : 2.77791977
},
"netmhashps" : 44.34277312,
"netstakeweight" : 928195.69517220,
"errors" : "",
"pooledtx" : 0,
"stakeweight" : {
"minimum" : 17615,
"maximum" : 0,
"combined" : 17615
},
"Expected PoS (hours)" : 1,
"stakeinterest" : 0.03125170,
"testnet" : false,
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 44342773,
"testnet" : false
}

I can see that you seem to have PoS coming. What does "getmininginfo" give?

I don't see issues with price info; try to click on it to refresh.
legendary
Activity: 1190
Merit: 1009
Coin of the Magi!
Well, purging data folder means delete all content except wallet.dat and magi.conf from the ~/.magi folder.

Will change the connect line into addnode and try again.

Edit: Ok the connect command seems to be the problem. After changing connect into addnode in my config, it starts syncing again.

"Connect" will force connection with the nodes only we're running. There seems no issues with "connect" as I just tried.
legendary
Activity: 1019
Merit: 1003
Senior Developer and founder of ViMeAv ICT
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.

XMG volume on Poloniex is very low, not good!
legendary
Activity: 1484
Merit: 1029
XMG ..
good for trade
I agree, Magi is one of my favourite coins to trade, and probably the most profitable - but also think its a good one to hold too - volatility is quite nice - but also the market cap has an upward trend.
sr. member
Activity: 613
Merit: 254
XMG ..
good for trade
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