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Author Topic: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io  (Read 53640 times)
idev
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November 14, 2017, 06:27:19 PM
 #1




MAGNET
X11 POS/POW+Masternodes



Our network is designed so anyone can benefit from holding and supporting the coin.
Magnet is community oriented, but at the same time we are driven by our vision so the network is able to withstand the intensity and speed of how everything in blockchain technology progresses.

We believe mining plays crucial role in cryptocurrencies’ security in the future. We are currently researching into renewable energies and how to use them efficiently in the mining process. In time this research will grow into a platform for investing in renewable energy mining with scalable farm sizes.



Name: MAGNET
Ticker: MAG



Algoritm:  x11
Type: Hybrid POS/POW
Both running forever after coin has matured

Blocktime: 90 sec per block

Masternodes
Requirement: 10 000
Masternode Rewards: 50% of the mining rewards

POS
Yearly interest: 7%
Min. Staking Age: 24 hours / 960 confirms
Max. Staking Age: 48 days

POW
Blockreward: 200
Blockreward Halving: every 360 000 blocks


Total coins created when matured: estimate 144 000 000 coins


250 000 MAGs was extracted in first block for setting up healthy amount (25) of Masternodes before going public.
This is needed for network safety and all future rewards are used to sustain the network.

Mainnet was run 9 days before the official [ANN] to test out masternode behaviour and network strength.





We have now updated the wallet so the seeds initialization is automatic. The wallet will first connect to our DNS seeds initializers to discover active nodes then fallback to a list of hardcoded nodes should it fail.
Note that the process may take a few minutes to initialize and start syncing but is now fully automated.

---

To Access Magnet Wallet Data Folder

Win
Locate folder %Appdata%/Magnet

Linux
Ctrl+H in Home folder should reveal .magnet folder.
If not - start the wallet and close to create it.

Mac OS X
Alt(Option) + Finder > GO > Library.
When the Library opens find Application Support > Magnet

-

Close wallet and open magnet.conf file from data folder.
Paste following code in magnet.conf file.

Code:
rpcallowip=127.0.0.1
rpcport=17179
rpcuser=INSERT_YOUR_USERNAME
rpcpassword=INSERT_YOUR_PASSWORD
server=1
daemon=1
listen=1
staking=1
port=17177
debug=all
addnode=35.195.167.40:17177
addnode=35.199.188.194:17177
addnode=104.196.155.39:17177
addnode=35.197.228.109:17177
addnode=35.198.35.45:17177
addnode=35.197.145.93:17177
addnode=35.199.1.114:17177
addnode=35.201.4.254:17177
addnode=35.188.240.39:17177
addnode=35.199.48.8:17177
addnode=146.148.79.31:17177
addnode=104.196.202.240:17177
addnode=35.195.122.245:17177
addnode=35.198.82.29:17177
addnode=35.200.247.198:17177
addnode=35.200.22.69:17177
addnode=35.201.14.20:17177
addnode=35.198.23.18:17177
addnode=104.199.194.138:17177
addnode=35.185.189.143:17177

Save and re-open the wallet for network syncing.



Source Code
GitHub

Discord
https://discord.gg/EtEGyEn
For technical attention and problem solving join Discord and find a way to #tech-support channel

Slack
https://magnetworks.slack.com/
Slack invitations are closed, we recommend Discord for fastest support.

Twitter
https://twitter.com/magnetwork_io

Explorer
https://explorer.magnetwork.io/
http://explorer2.magnetwork.io/

Magnet Mining Pools
OFFICIAL
http://magnetpool.io/
stratum+tcp://magnetpool.io:3533
OTHERS
madpool.xyz
https://magnet.multipools.club/
http://igloopool.org/
http://mag.poolforcoin.com
http://ezpool.net/

Masternode Setup Guide
DOWNLOAD

Tools
https://magnetwork.io/checkmn/
-
https://www.crypto-coinz.net/coin-info/?42-MAGNET-MAG-X11-calculator/
https://altmix.org/coins/11-Magnet/miningCalculator
https://masternodes.online/
http://mymasternode.com/
http://mnrank.com/
https://github.com/h99178/magnet_install_vps



MAGNET is available to trade on

www.cryptopia.co.nz

www.coinexchange.io

www.crypto-bridge.org

www.crex24.com

www.bitebtc.com

-

Magnet devs posting in this thread: idev and blockonomy

www.magnetwork.io




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dunca.marin
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November 14, 2017, 06:30:28 PM
 #2

others... exhanges dou you plan..?
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November 14, 2017, 06:32:46 PM
 #3

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.

crypt0biwan
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November 14, 2017, 06:34:56 PM
 #4

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.

too bad, liked the ANN at first..

PoSToken - First PoS Token|Free Airdrop|No ICO
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November 14, 2017, 06:36:02 PM
 #5

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.

too bad, liked the ANN at first..
same, out
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November 14, 2017, 06:37:16 PM
 #6

sinchronize wallet with 3 week history.It is second announce?
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November 14, 2017, 06:38:26 PM
 #7

https://www.virustotal.com/ru/file/d6b9e091a698b47dc54fe4473578fe0e583a21f3768820fdb40da617e898c3f8/analysis/1510684674/
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November 14, 2017, 06:41:55 PM
 #8

Do these Devs think we are stupid? Lol, I love how they just hope no one will see that they've raped the blockchain prior to posting an ANN..

Edit: I'm sure he'll make some bullshit excuse on how he posted the github files at time of him/his friends mining.
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November 14, 2017, 06:42:44 PM
 #9

Quote
No Premine

250k genesis block and 3 weeks of hidden mining. GET OUT.

idev
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November 14, 2017, 06:43:46 PM
 #10

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.


We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.
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November 14, 2017, 06:45:26 PM
 #11

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.


We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.

Stability huh? It's called a testnet..

And selling all of those coins cheaply? Yeah, I'm out. If you're going to set the low price from the start, not worth my electricity. Pretty reckless actions from the start of a project. People are using their equipment to mine, and you're just going dump and run away with the profits. Well I guess you're honest about it LOL
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November 14, 2017, 06:49:34 PM
 #12

DEV EXCHANGE Huh Huh Huh Huh Huh Huh+
THE EXACT NUMBER MONTH AND YEAR Huh Huh Huh Huh Huh Huh
Brucelats
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November 14, 2017, 06:50:41 PM
 #13

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.


We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.

Why are you so stupid. You make nice looking wallet, you have decent looking ANN and seems like you know ur stuff, but obviously you are idiot. If you say premine then on launch we start from block 0. ALso you have 250k coins and will make 25 MASTERNODES so you will reduce profits of every investor by A LOT.

And what is nicehash port?? wtf is this, not everyone have asics.


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Lizus-payments               
° Masternodes ° Payment system ° Foundation ° Upcoming smart contracts °
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Angelo38
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November 14, 2017, 06:53:27 PM
 #14

Do not reach or download the wallet and I leave
The premine left the difficulty very high
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November 14, 2017, 06:53:31 PM
 #15

Quote
No Premine

250k genesis block and 3 weeks of hidden mining. GET OUT.

Testing period was around 10 days and not 3 weeks. If You are trying to raise FUD then please at least be precise.
Masternode network without previously setup masternodes cannot work and be safe for users. Common practice is to setup masternodes before going public.

There have been couple of incidents where testnet safe network did not perform well in real environment so that was our decision to run mainnet for 10 days and see how it performs.


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November 14, 2017, 06:53:38 PM
 #16

Dev has a 1.9M coins he's going to dump once it's listed on an exchange. He stated, he'd sell for cheap. I grantee right after that dump the project dies..
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November 14, 2017, 06:53:41 PM
 #17

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.


We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.

Why are you so stupid. You make nice looking wallet, you have decent looking ANN and seems like you know ur stuff, but obviously you are idiot. If you say premine then on launch we start from block 0. ALso you have 250k coins and will make 25 MASTERNODES so you will reduce profits of every investor by A LOT.

And what is nicehash port?? wtf is this, not everyone have asics.

+9900 blocks * 200 = 1 980 000
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November 14, 2017, 06:55:20 PM
 #18

OP says "No Premine"

Already at block 9900+ and 250 GH/s.  Minutes from launch.

Scam.


We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.

Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.

Why are you so stupid. You make nice looking wallet, you have decent looking ANN and seems like you know ur stuff, but obviously you are idiot. If you say premine then on launch we start from block 0. ALso you have 250k coins and will make 25 MASTERNODES so you will reduce profits of every investor by A LOT.

And what is nicehash port?? wtf is this, not everyone have asics.

+9900 blocks * 200 = 1 980 000

Yeah, exactly, he clearly stated he's going to dump when the exchange lists. STAY away from this project, you'll get REKT.

Quote
Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.
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November 14, 2017, 06:56:01 PM
 #19

Quote
No Premine

250k genesis block and 3 weeks of hidden mining. GET OUT.

Testing period was around 10 days and not 3 weeks. If You are trying to raise FUD then please at least be precise.
Masternode network without previously setup masternodes cannot work and be safe for users. Common practice is to setup masternodes before going public.

There have been couple of incidents where testnet safe network did not perform well in real environment so that was our decision to run mainnet for 10 days and see how it performs.




The fact of the matter is:

1) You lied when you said no pre-mine because of genesis block

2) You have admitted you are going to sell coins on the exchange, which is a dev dump.

3) Your excuses are shitty, you could have used a testnet.  Or you could have run the mainnet for only a day or a few hours.  Or you could have tested with mainnet then re-launched with same parameters.

Pre-mines are allowed in crypto.  Lying about them, then being defensive when called out, is not.  You will probably get some hopeful suckers to mine and buy your coin, so you will still profit.  But I hope the majority here will not support it.  You should feel ashamed.  Your excuses about security concerns are silly, as no one is attacking a coin this young, and you have over-centralized the coin for yourself, WHICH IS JUST AS DANGEROUS BECAUSE IT MEANS YOU CONTROL THE NETWORK.

Scam.

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November 14, 2017, 06:57:08 PM
 #20

Quote
No Premine

250k genesis block and 3 weeks of hidden mining. GET OUT.

Testing period was around 10 days and not 3 weeks. If You are trying to raise FUD then please at least be precise.
Masternode network without previously setup masternodes cannot work and be safe for users. Common practice is to setup masternodes before going public.

There have been couple of incidents where testnet safe network did not perform well in real environment so that was our decision to run mainnet for 10 days and see how it performs.




How much premine? Node for sync?

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