Coin Magi (XMG)

Magi

$0.265222 USD (-3.34%)
BTC (-3.34%)
Market Cap
$2134817.0
USD
8049171.0 XMG
Volume (24h)
$5515.54
USD
20795.936988636 XMG
Circulating Supply
8049171.0
Magi
Max Supply
NA        
Magi

Coin MAGI is a decentralized digital payment platform that is designed to run without any interference from authorities or any intermediary and without any downtime as well. Payments can be made using MAGI anywhere without incurring any fee. It is also possible for anyone to issue MAGI coins by using a minting process powered by software and their PC.

The System Of Coin Magi (XMG)

MAGI is focused on keeping the maintenance of its block system low cost by using devices that are cost effective. To ensure fairness, affordability and energy efficiency, MAGI wants to make mining available to everyone. It is one of the few cryptocurrencies that’s aiming to provide an even playing field for those wanting to transact using digital coins but are unable to invest in the expensive equipment needed for the process. A hybrid version of the proof-of-stake and proof-of-work protocols is used for the purpose.

About mPoW Of Coin Magi (XMG)

The proof-of-work protocol of MAGI is known as mPoW is a network-dependent system that requires some amount of computational work to ensure protection from DoS attacks. Those who solve complex queries related to cryptography are adequately rewarded. It helps validate transactions and also in the creation of new blocks and on the generation of new coins. The MAGI network is effectively managed and governed by mPoW so that it remains within a specific scale.

About mPoS Of Coin Magi (XMG)

The proof-of-stake protocol of MAGI is called mPoS and is used for reaching a distributed consensus through operations. The mPoS system is designed to thwart potential attacks that can be possibly launched either by accumulation of a large number of coins or by offline staking time. Both these situations are areas of security concerns for the platform. Both mPoS and mPoW works on the attraction-repulsion model. The hybrid design allows the platform to enjoy the benefits of both these mechanisms.

The M-Wallet Of Coin Magi (XMG)

At the core of the currency system of MAGI is m-core which has been incorporated as an m-wallet. It is available in two types – the GUI wallet and the Daemon wallet. The P2P open source wallet acts as a public ledger for the MAGI system and determines the best block chain constituting genuine transactions. The m-Wallet can be used for sending and receiving coins, for mining coins using mPoW and for minting coins using mPoS protocol.

The Numbers Of Coin Magi (XMG)

The total circulating supply of XMG, the coin associated with the platform, is 7,730,281. The market cap for XMG is $11,882,679. The currency trades at $1.54 and is ranked at 394 position in the cryptocurrency market.

Hashgains Mining Plan

TOPAZ
$ 175
0.5 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
RUBY
$ 350
1 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
EMERALD
$ 1750
5 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
SAPPHIRE
$ 3500
10 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
 
Customized
$ 175
0.5 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
TOPAZ
$ 200
500 MH/s
Maintenance Fees per GH/s/day
$ 0.12935
Contract Duration
24 Months
RUBY
$ 400
1 GH/s
Maintenance Fees per GH/s/day
$ 0.12935
Contract Duration
24 Months
EMERALD
$ 2000
5 GH/s
Maintenance Fees per GH/s/day
$ 0.12935
Contract Duration
24 Months
SAPPHIRE
$ 4000
10 GH/s
Maintenance Fees per GH/s/day
$ 0.12935
Contract Duration
24 Months
 
Customized
$ 200
500 MH/s
Maintenance Fees per GH/s/day
$ 0.12935
Contract Duration
24 Months
TOPAZ
$ 125
5 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
RUBY
$ 625
25 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
EMERALD
$ 1250
50 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
SAPPHIRE
$ 2500
100 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
 
Customized
$ 125
5 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
TOPAZ
$ 125
10 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
RUBY
$ 625
50 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
EMERALD
$ 1250
100 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
SAPPHIRE
$ 2500
200 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
 
Customized
$ 125
10 MH/s
Maintenance Fees per GH/s/day
$ 3.2435
Contract Duration
24 Months
TOPAZ
$ 100
0.5 KH/s
Maintenance Fees per KH/s/day
$ 0.299
Contract Duration
24 Months
RUBY
$ 500
2.5 KH/s
Maintenance Fees per KH/s/day
$ 0.299
Contract Duration
24 Months
EMERALD
$ 1250
6.25 KH/s
Maintenance Fees per KH/s/day
$ 0.299
Contract Duration
24 Months
SAPPHIRE
$ 2500
12.50 KH/s
Maintenance Fees per KH/s/day
$ 0.299
Contract Duration
24 Months
 
Customized
$ 100
0.5 KH/s
Maintenance Fees per KH/s/day
$ 0.299
Contract Duration
24 Months
TOPAZ
$ 49
10 H/s
Maintenance Fees per GH/s/day
$ 0.6435
Contract Duration
24 Months
RUBY
$ 245
50 H/s
Maintenance Fees per GH/s/day
$ 0.6435
Contract Duration
24 Months
EMERALD
$ 490
100 H/s
Maintenance Fees per GH/s/day
$ 0.6435
Contract Duration
24 Months
SAPPHIRE
$ 980
200 H/s
Maintenance Fees per GH/s/day
$ 0.6435
Contract Duration
24 Months
 
Customized
$ 49
10 H/s
Maintenance Fees per GH/s/day
$ 0.6435
Contract Duration
24 Months
TOPAZ
$ 350
1 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
RUBY
$ 1750
5 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
EMERALD
$ 3500
10 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
SAPPHIRE
$ 5250
15 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
 
Customized
$ 350
1 TH/s
Maintenance Fees per GH/s/day
$ 0.00032435
Contract Duration
24 Months
TOPAZ
$ 50
10 GH/s
Maintenance Fees per GH/s/day
$ 0.0049
Contract Duration
24 Months
RUBY
$ 250
50 GH/s
Maintenance Fees per GH/s/day
$ 0.0049
Contract Duration
24 Months
EMERALD
$ 500
100 GH/s
Maintenance Fees per GH/s/day
$ 0.0049
Contract Duration
24 Months
SAPPHIRE
$ 1250
250 GH/s
Maintenance Fees per GH/s/day
$ 0.0049
Contract Duration
24 Months
 
Customized
$ 50
10 GH/s
Maintenance Fees per GH/s/day
$ 0.0049
Contract Duration
24 Months