August 17, 2026

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Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay]

Re: [ANN][XMG] Coin Magi | CPU mining | PoS-II | PoM | Unique BLK reward | [MagiPay]

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Elar

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Hey ! Long time since my last come. And sadly, after another try to reach up my wallet on my Pi, I got a blk[something] error. I do not know what we said last time about this, but I might be generous if the problem is solved tonight !

Hey bud, do you use the new wallet? What if you follow the new release guide?

You mean on the Pi ? This thing is so much a mess to use. I wish I could extract whatever I need to and put in on my Windows computer and do whatever is needed there. Can I do this in some way ?

I don’t know the Pi, if it’s a linux OS you just need the wallet.dat file located in the .magi folder in the /home from your user. Install the magi wallet in windows and put the wallet.dat in the blockchain folder, I think it is located under %APPDATA% by default, I changed the blockchain folder on my setup so I don’t exactly know where is it by default. Do a backup of your wallet.dat before doing anything if you accidentally delete this file you will lose your magi.

seems like 4chan is going to try to pump the coin  this weekend

Can you provide a link to the thread? Would be great to check out

I’d be interested in seeing that link too =) I probably need to think about spreading out my order chains a little further apart. My broardband is currently down so had to tether my bot to my phone – I think I need to think about moving onto cloud hosting LOL

I found this : https://boards.4chan.org/biz/thread/1894421/xmg-magi-xmg-general-thread#p1895051

It’s your bot on poloniex ? he was annoying when I tried to buy some Magi last night lol I had to buy at the sellers price to get quickly my magi before going to bed Smiley

Re: [ann][xmg] coin magi | cpu mining | pos-ii | pom | unique blk reward | [magipay]

Elar

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Activity: 10

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Hey ! Long time since my last come. And sadly, after another try to reach up my wallet on my Pi, I got a blk[something] error. I do not know what we said last time about this, but I might be generous if the problem is solved tonight !

Hey bud, do you use the new wallet? What if you follow the new release guide?

You mean on the Pi ? This thing is so much a mess to use. I wish I could extract whatever I need to and put in on my Windows computer and do whatever is needed there. Can I do this in some way ?

I don’t know the Pi, if it’s a linux OS you just need the wallet.dat file located in the .magi folder in the /home from your user. Install the magi wallet in windows and put the wallet.dat in the blockchain folder, I think it is located under %APPDATA% by default, I changed the blockchain folder on my setup so I don’t exactly know where is it by default. Do a backup of your wallet.dat before doing anything if you accidentally delete this file you will lose your magi.

I can not find the wallet.dat file on my Pi (and yes it is running on a Linux OS). I browsed manually the files and could not find it, nor with the search function.

If your wallet run as root he would be in /root/.magi

The .magi folder is a hidden folder, navigate to /root and type the command “ls -al” it will show you all the folders if you don’t see the .magi folder do the same in the user’s /home folder who run the wallet.

I’ve setup the whole wallet many times for my solo mining tests and I don’t see another places where he can be.

Re: [ann][xmg] coin magi | cpu mining | pos-ii | pom | unique blk reward | [magipay]

joelao95

Hey ! Long time since my last come. And sadly, after another try to reach up my wallet on my Pi, I got a blk[something] error. I do not know what we said last time about this, but I might be generous if the problem is solved tonight !

Hey bud, do you use the new wallet? What if you follow the new release guide?

You mean on the Pi ? This thing is so much a mess to use. I wish I could extract whatever I need to and put in on my Windows computer and do whatever is needed there. Can I do this in some way ?

I don’t know the Pi, if it’s a linux OS you just need the wallet.dat file located in the .magi folder in the /home from your user. Install the magi wallet in windows and put the wallet.dat in the blockchain folder, I think it is located under %APPDATA% by default, I changed the blockchain folder on my setup so I don’t exactly know where is it by default. Do a backup of your wallet.dat before doing anything if you accidentally delete this file you will lose your magi.

I can not find the wallet.dat file on my Pi (and yes it is running on a Linux OS). I browsed manually the files and could not find it, nor with the search function.

I hope you found .magi folder as mentioned by Elar. I’m afraid you have a different db version from official release, so moving wallet.dat to windows won’t work. One simple thing is to empty all stuffs under .magi folder except for wallet.data, and relaunch your magid or qt wallet; let’s see what happens then.

Re: [ann][xmg] coin magi | cpu mining | pos-ii | pom | unique blk reward | [magipay]

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Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’

After calling bitcoin a ‘fad’ and a ‘pyramid scheme’ the man who called the dot com bubble has admitted that he does not understand what is driving the value of bitcoin, which keeps rising seemingly unhindered.


While many, including traditional investors, come around to bitcoin and get on board with the digital currency that keeps breaking records in terms of its value, some are still stubbornly skeptical, and a little confused.

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Where is the Value?

Howard Marks, the billionaire investor who made his name on Wall Street from calling some major investment bubbles, including the Dotcom bubble, said on CNBC’s Fast Money Halftime Report that he can’t figure out the actual value of bitcoin.

Speaking about this new-age currency, Marks said:

It’s not a medium of exchange, it’s a medium of trading, so I can’t see any intrinsic value, I don’t understand what’s behind bitcoin.

He later added:

For me, there is only one kind of investing: When you look at something, you don’t think, ‘Is it going up or down tomorrow?’ … You say, ‘What is the intrinsic value?’ and then you say, ‘Can I buy it for less? […] There is no intrinsic value in bitcoin.

Value of Bitcoin tops $4000

Value Keeps on Rising

Despite this doyen of traditional investing stating that there is no intrinsic value to the most famous digital currency, its value recently topped $4,000. As such, there are very few assets in the world that can even come close.

Fundstrat co-founder Tom Lee, CEO of Ritholtz Wealth Management Josh Brown as well as another investing legend Bill Miller, are all in the opposite camp of Marks’ as they have thrown their full support behind this up and coming skyrocketing asset.

Lee believes it will be the top performing asset at the end of the year while Miller has said that he is the proud owner of bitcoin.

Don't get left behind

Left Behind

Marks was happy to concede on the show that perhaps the digital currency was a technology and an asset that he was simply too old to understand.

“Maybe I’m just too old and too much of a dinosaur to understand bitcoin,” Marks said jokingly.

However, Marks has still been bold enough to compare bitcoin to other bubbles that have gone back as far as the 1900 Tulip mania in the Netherlands. It is through his popular memos that the former Oaktree Capital co-chairman warned about a crash in bitcoin.

Should people worry about what these traditional investors think? Is bitcoin breaking the mold and setting its own precedents? Let us know in the comments below!


Images courtesy of CoinMarketCap, Shutterstock, Thomas Lee/Bloomberg

The post Legendary Investor Howard Marks Admits ‘I Don’t Understand What’s Behind Bitcoin’ appeared first on Bitcoinist.com.