Magento 1.7 NGINX configuration

This config works for Magento version 1.7:

server {
    listen       80 deferred;
                server_name  example.com;
    root         /usr/share/nginx/magentofolder;

  location / {
      index           index.html index.php;   ## Allow a static html file to be shown first
          try_files         $uri $uri/ @handler;   ## If missing pass the URI to Magento's front handler
  }

  location /admin/ {
    client_body_timeout       3600;
    keepalive_timeout         3600 3600;
    send_timeout              3600;
    auth_basic           "Restricted"; ## Message shown in login window
        auth_basic_user_file htpasswd; ## See /etc/nginx/htpassword
        autoindex            on;
  }

    ## These locations would be hidden by .htaccess normally
    location /app/                { deny all; }
    location /includes/           { deny all; }
    location /lib/                { deny all; }
    location /media/downloadable/ { deny all; }
    location /pkginfo/            { deny all; }
    location /report/config.xml   { deny all; }
    location /var/                { deny all; }
    location /lib/minify/         { allow all; }  ## Deny is applied after rewrites so must specifically allow minify

    location /var/export/ { ## Allow admins only to view export folder
        auth_basic           "Restricted"; ## Message shown in login window
        auth_basic_user_file htpasswd; ## See /etc/nginx/htpassword
        autoindex            on;
    }

        #### only use this if you use MAGMI
  location /magmi/ {
        auth_basic           "Restricted"; ## Message shown in login window
        auth_basic_user_file htpasswd; ## See /etc/nginx/htpassword
        autoindex            on;
      }

    location @handler { ## Magento uses a common front handler
        rewrite / /index.php;
    }

    location ~ .php/ { ## Forward paths like /js/index.php/x.js to relevant handler
        rewrite ^(.*.php)/ $1 last;
    }

    location ~ .php$ { ## Execute PHP scripts
    # Zero-day exploit defense.
    # http://forum.nginx.org/read.php?2,88845,page=3
    # Won't work properly (404 error) if the file is not stored on this server, which is entirely possible with php-fpm/php-fcgi.
    # Comment the 'try_files' line out if you set up php-fpm/php-fcgi on another machine.  And then cross your fingers that you won't get hacked.
    try_files     $uri =404;
        expires        off; ## Do not cache dynamic content
        fastcgi_pass   phpcgi;
        fastcgi_index  index.php;
        #fastcgi_param  HTTPS $fastcgi_https;
        fastcgi_param  SCRIPT_FILENAME  $document_root$fastcgi_script_name;
        fastcgi_param  MAGE_RUN_CODE default; ## Store code is defined in administration > Configuration > Manage Stores
    fastcgi_param  MAGE_RUN_TYPE store;
        include        fastcgi_params; ## See /etc/nginx/fastcgi_param
        fastcgi_param HTTPS on;  #otherwize Magento doesn't know it's https and you'll create a redirect loop
}

}

via Magento.