[ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 652.

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: cryptonit on June 28, 2016, 06:32:35 AM

in my opinion the rewards should fit at least to the amount of block produced

for now 2/3 of blocks are POS blocks and protecting the network
https://chainz.cryptoid.info/xmg/#!extraction

2/3 of blocks and protecting the network for 1/10 of the daily rewards
there is something wrong

i can understand if u say u want POW to stay a major coin rollout source
but serious the balance between POW and POS is not right at this moment

PoS blocks vs PoW quite right bud, I'll explain more later, little bit busy.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Coins-R-Us on June 28, 2016, 03:48:54 AM

Designed for a more fair and even
distribution, which increases decentralization. It stakes much
faster than peercoin, which takes forever to stake lol.

Exactly. Those are some of the advantages that Coin Magi has. Its unique mining algorithm makes it suitable for an average Joe to begin mining with any kind of hashrate without the need to compete with big miners. With this in mind, it makes the coin more decentralized due to the fact that the bigger the hashrate, the lower the reward which makes a fair distribution of XMG for everyone. Cheesy

lionheart78

legendary

Activity: 2982

Merit: 1153

Feel free to use and improve this signature, For Hero / Legendary rank,

Code:

[center][table][tr]
[center][table][tr]
[td][url=http://www.coinssource.com/trust-index/magi-xmg][font=Garamond][b][size=13pt][color=navy][glow=white,2,300]TRUST VERIFIED[/glow][/color][/size][/b][/font]
[center][size=12pt][glow=navy,2,300][color=white]★ ★ ★ ★ ★ ★ ★[/color][/glow][/size][/center][/td]
[td][color=#ff4500] [size=8pt]█
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[td][url=http://www.coinmagi.org/][color=navy][size=30pt][font=Garamond][i][b]Σ[/b][/i][/font][/size][/color][sub][size=10pt][color=black][b]II[/b][/color][/size][/sub][/url][/td]
[td][center][url=https://bitcointalk.org/index.php?topic=735170.0][color=navy][font=Garamond][size=15pt][b][color=white][glow=navy,1]X M G[/glow][/color][/b][/size][/font][/color]
[color=#808080][font=Garamond][size=12pt][b] MAGI [/b][/size][/font][/color][/url][/center]
[/td]
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[center][url=https://bitcointalk.org/index.php?topic=735170.0#post_features][font=Garamond][b][color=navy][size=8pt]XMG Features POS II[/size][/color][/b][/font]
[font=garamond][b][color=navy][size=8pt]Unique BLK Reward[/size][/color][/b][/font][/url][/center]
[center][url=https://bitcointalk.org/index.php?topic=735170.0#post_cpuminer][font=garamond][b][color=navy][size=8pt]CPU MINABLE[/size][/color][/b][/font][/url][/center]
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[td][center][url=https://bitcointalk.org/index.php?topic=735170.msg10683233#msg10683233][font=Verdana][size=18pt][b][glow=NAVY,2,300][color=white] MAGIPAY   [/color][/glow][/b][/size][/font][/url][/center]
[center][url=https://bitcointalk.org/index.php?topic=735170.msg10683233#msg10683233][size=8pt]Standalone Payment Gateway[/size][/url][/center][/td]

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[td][url=https://coinmagi.slack.com][size=13pt][font=garamond][i][b][glow=white,2,300][color=navy]Social[/color][/glow][/b][/i][/font][/size][/url]
[url=https://kiwiirc.com/client/irc.freenode.net/#magi][size=13pt][font=garamond][i][b][glow=white,2,300][color=navy]Media[/color][/glow][/b][/i][/font][/size][/url][/td]
[td][url=https://twitter.com/CoinMagi][size=6pt][glow=navy,2,300][color=white][b] Twitter    [/b][/color][/glow][/size][/url]
[url=http://www.facebook.com/CoinMagi][size=6pt][glow=navy,2,300][color=white][b] Facebook   [/b][/color][/glow][/size][/url]
[url=https://www.reddit.com/r/coinmagi][size=6pt][glow=navy,2,300][color=white][b] Reddit [/b][/color][/glow][/size][/url]
[url=https://www.youtube.com/user/TheCoinMagi][size=6pt][glow=navy,2,300][color=white][b] Video [/b][/color][/glow][/size][/url][/td]

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[td][center][url=https://bitcointalk.org/index.php?topic=735170.0#post_walletdownloads][size=13pt][b][color=Navy]Wallet[/color][/b][/size][/url][/center]
[center][url=https://bitcointalk.org/index.php?topic=735170.0#post_walletdownloads][size=13pt][b][glow=navy,2,300][color=white] Downloads [/color][/glow][/b][/size][/url][/center][/td][/tr][/table][/center]

jrdudley20

newbie

Activity: 35

Merit: 0

Quote from: th3.r00t on June 28, 2016, 12:25:09 PM

Quote from: jrdudley20 on June 28, 2016, 10:50:23 AM

Quote from: th3.r00t on June 25, 2016, 04:47:53 PM

There is something wrong...
I tried once to register and login after that - no luck... Keep getting the message "Incorrect login credentials, please try again."
So I do the registration once again and once again I tried to login. Still the same message...

Do I have to confirm my mail? Because there is no mail received.

I am sorry about that. When I first posted about the site the DEV had registration closed while he was working on bugs before he officially launched. Registration should be open now. You might try registering again and it should work this time.

Thanks.
Just registered and logged in normally.

A quick heads-up - the site doesn't have SSL, which is bad for site that want to make his users to trust them with their coins... Shocked

Atleast while in beta you can use LetsEncrypt's free SSL certs...

Thanks for the feedback. I will pass the SSL thing onto the DEV.

th3.r00t

sr. member

Activity: 312

Merit: 250

Quote from: jrdudley20 on June 28, 2016, 10:50:23 AM

Quote from: th3.r00t on June 25, 2016, 04:47:53 PM

There is something wrong...
I tried once to register and login after that - no luck... Keep getting the message "Incorrect login credentials, please try again."
So I do the registration once again and once again I tried to login. Still the same message...

Do I have to confirm my mail? Because there is no mail received.

I am sorry about that. When I first posted about the site the DEV had registration closed while he was working on bugs before he officially launched. Registration should be open now. You might try registering again and it should work this time.

Thanks.
Just registered and logged in normally.

A quick heads-up - the site doesn't have SSL, which is bad for site that want to make his users to trust them with their coins... Shocked

Atleast while in beta you can use LetsEncrypt's free SSL certs...

jrdudley20

newbie

Activity: 35

Merit: 0

Quote from: joelao95 on June 25, 2016, 12:04:50 PM

Quote from: jrdudley20 on June 25, 2016, 11:29:20 AM

Hey there, was going to let you know that our staking pool web site is live now. There is also a faucet available as well. Would love for you to check it out and maybe even contribute some coins in the staking pool.

Check us out:

POSWallet.com

Thanks for the work. I'll check out; we'll contribute some coins for your hard work, if it does work as you stated that there is no risk of losing coins from users side.

The site is in beta. The DEV is rolling out new features and fixing bugs everyday. He plans on giving users access to private keys later this week. The faucet is up and working and the coin wallets with a large sum of coins are staking regularly and are working like they are supposed to be.

jrdudley20

newbie

Activity: 35

Merit: 0

Quote from: th3.r00t on June 25, 2016, 04:47:53 PM

Quote from: jrdudley20 on June 25, 2016, 11:29:20 AM

-SNiP-

Hey there, was going to let you know that our staking pool web site is live now. There is also a faucet available as well. Would love for you to check it out and maybe even contribute some coins in the staking pool.

Check us out:

POSWallet.com

There is something wrong...
I tried once to register and login after that - no luck... Keep getting the message "Incorrect login credentials, please try again."
So I do the registration once again and once again I tried to login. Still the same message...

Do I have to confirm my mail? Because there is no mail received.

I am sorry about that. When I first posted about the site the DEV had registration closed while he was working on bugs before he officially launched. Registration should be open now. You might try registering again and it should work this time.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: joelao95 on June 27, 2016, 10:05:23 PM

Quote from: cryptonit on June 27, 2016, 01:28:57 PM

effective ratio in coin rollout
POW vs POS is like 10:1
one of the next releases should get that into 1:1 or even 1:2

because people who POS have to invest and hold coins
people who POW can instant sell coins and still earn and market suffer from constant sellpressure

people buy coins to be able stake them generate buy pressure

that POS returns on global coin rollout is so low is because 60% of total coins dont participate in POS
because of the ruleset that require u to run ur wallet 24/7
basically a very good idea
just the balance in POW vs POS coin rollout doesnt fit any longer
while at POW more coins are rolled out if less people participate
at POS are less coins rolled out if less people participate

to make POS similar and reward people more if there is less competition
a static POS blockrewward instead a year based pos reward can help
this way u also clear able to estimate how much POS coins are produced each year

Thanks for the inputs, cryptonit. I can see your points; however, I'm afraid that this would suppress the miners' interests:

1) I always believe that staking should not be a major channel of minting coins, and never..

2) Though we have issues in PoW, we have to find solutions, instead of dropping it off...

in my opinion the rewards should fit at least to the amount of block produced

for now 2/3 of blocks are POS blocks and protecting the network
https://chainz.cryptoid.info/xmg/#!extraction

2/3 of blocks and protecting the network for 1/10 of the daily rewards
there is something wrong

i can understand if u say u want POW to stay a major coin rollout source
but serious the balance between POW and POS is not right at this moment

Coins-R-Us

full member

Activity: 156

Merit: 100

I agree with Abiky, Magi is my most favorite altcoin too!
For so many reasons: It has a great name and coin image,
for starters. Magi can be mined on any regular computer or
tablet or android phone, even. Designed for a more fair and even
distribution, which increases decentralization. It stakes much
faster than peercoin, which takes forever to stake lol.

I use the coin image as my avatar at some bitcoin poker sites.
Also the huge community attracted me to this coin, and now
we have active development going on. These are exciting times!

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: cryptonit on June 27, 2016, 01:28:57 PM

effective ratio in coin rollout
POW vs POS is like 10:1
one of the next releases should get that into 1:1 or even 1:2

because people who POS have to invest and hold coins
people who POW can instant sell coins and still earn and market suffer from constant sellpressure

people buy coins to be able stake them generate buy pressure

that POS returns on global coin rollout is so low is because 60% of total coins dont participate in POS
because of the ruleset that require u to run ur wallet 24/7
basically a very good idea
just the balance in POW vs POS coin rollout doesnt fit any longer
while at POW more coins are rolled out if less people participate
at POS are less coins rolled out if less people participate

to make POS similar and reward people more if there is less competition
a static POS blockrewward instead a year based pos reward can help
this way u also clear able to estimate how much POS coins are produced each year

Thanks for the inputs, cryptonit. I can see your points; however, I'm afraid that this would suppress the miners' interests:

1) I always believe that staking should not be a major channel of minting coins, and never..

2) Though we have issues in PoW, we have to find solutions, instead of dropping it off...

joelao95

legendary

Activity: 1190

Merit: 1009

Coin of the Magi!

Quote from: 111magic on June 27, 2016, 09:48:14 AM

Thanks all for the nice responses!
--------------------------------------------------------
GOOD NEWS: Magi's Proof of Interest campaign IV will come! More info will follow!

Magic, you sure? I hope we will not burn your time, and burn it permanently. You know, I had a hard time, and have to take time to recover. Anyway, let's discuss. I'll also need to discuss with you about the PoI rule. Let's not put any launch time until we discuss and fully get ready.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: 111magic on June 27, 2016, 09:48:14 AM

Thanks all for the nice responses!
--------------------------------------------------------
GOOD NEWS: Magi's Proof of Interest campaign IV will come! More info will follow!

That is very good to hear. I have been so excited about this and been anxious to join it since it was announced. I'd bet that this will be the best Proof of Interest campaign yet. Magi's cheap prices makes it a good entry point to grab some coins before POI starts. Then, after the interest is paid you will get a nice profit when the price increases. It will be a win-win situation. I'm very glad that XMG keeps moving forward. Among the list of altcoins that I hold, this is my most favorite. I mine, stake and hold XMG. Grin

batesresearch

legendary

Activity: 2424

Merit: 1148

Hey guys,

We are planning some Coin Magi focused discounts on our ordering system starting in the next few weeks, if anyone has any ideas they would like to bring forward for discount offers please let us know.

We would like to thank the Coin Magi team for the long support of CryptoCloudHosting!

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: 111magic on June 27, 2016, 09:48:14 AM

Thanks all for the nice responses!
--------------------------------------------------------
GOOD NEWS: Magi's Proof of Interest campaign IV will come! More info will follow!

Great news, looks like there are a lot of things going on right now. Hopefully that will generate more interest.

Will the sig campaign be running at the same time as the POI? If so, that could really help boost volume.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

effective ratio in coin rollout
POW vs POS is like 10:1
one of the next releases should get that into 1:1 or even 1:2

because people who POS have to invest and hold coins
people who POW can instant sell coins and still earn and market suffer from constant sellpressure

people buy coins to be able stake them generate buy pressure

that POS returns on global coin rollout is so low is because 60% of total coins dont participate in POS
because of the ruleset that require u to run ur wallet 24/7
basically a very good idea
just the balance in POW vs POS coin rollout doesnt fit any longer
while at POW more coins are rolled out if less people participate
at POS are less coins rolled out if less people participate

to make POS similar and reward people more if there is less competition
a static POS blockrewward instead a year based pos reward can help
this way u also clear able to estimate how much POS coins are produced each year

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: 111magic on June 27, 2016, 09:48:14 AM

Thanks all for the nice responses!
--------------------------------------------------------
GOOD NEWS: Magi's Proof of Interest campaign IV will come! More info will follow!

This really is a good news! I hope this is 10 times more succesful than the last one! Waiting patiently for the details of this campaign. This is a good timing as for the wallet update gather interest, this Proof of Interest will add up to the effect of the update! I wish to see more and more new holder of XMG to come into this thread!

111magic

legendary

Activity: 1750

Merit: 1005

Thanks all for the nice responses!
--------------------------------------------------------
GOOD NEWS: Magi's Proof of Interest campaign IV will come! More info will follow!

starmman

legendary

Activity: 1484

Merit: 1029

Quote from: 111magic on June 25, 2016, 05:23:24 PM

Sorry guys. I will be offline or less online for few days. I was talking with lionheart78 on https://coinmagi.slack.com/ when I received a message that my wife had a scooter accident.
She will be ok but it will take some time.
I will be working on the rules for the new Proof of Interest campaign. ( only 5k XMG and I have the fund we need for this campaign)
I you all have some ideas about improvements for that awesome campaign, pls post it here.
Regards
111magic

Sorry to hear that! I hope your wife recovers well.
Take care

Coins-R-Us

full member

Activity: 156

Merit: 100

Quote from: dqy007 on June 26, 2016, 09:40:04 PM

see https://rawx.io/poll.html,old trading platform revision,

The link should be: https://rawx.io/poll.html for anyone interested.

But I don't see Magi anywhere so I don't know why it was posted here.
(You can request the coin to be added, however.)

dqy007

member

Activity: 81

Merit: 10

see https://rawx.io/poll.html,old trading platform revision,

Topic: [ANN] [XMG] MAGI | CPU mining | mPoW | mPoS | [MagiPay] - page 652. (Read 2376030 times)