[ANN][MAG] MAGNET - GOES STELLAR - More in description / magnetwork.io

[thiec]

I got a MAG Masternode which I set up yesterday.  I looked today and it seems that my "mined" coin is 0.09943835.

Is this correct?  Seems very low for a Masternode, isn't it?

Please advise.

Its not MN Rewards. Its stake rewards
You will have MN Reward probably in 2 days if you stay in MN List

[1715189532]

1715189532

[1715189532]

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[1715189532]

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[1715189532]

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[D3Pool]

MAGNET is now being mined on D3Pool.eu - high profitability multipool

Link: D3pool.eu
ANN: https://bitcointalk.org/index.php?topic=2904614.0
Fee: only 0.5%

We have an active team & fast responding support - join us on Facebook - Twitter

[hyipupdates]

Yeah thanks for that thiec,

I just checked this morning and got a MN reward... though I understand it's not consistent and there may be days with and other days without.  Been following the discord chat since yesterday.
appreciate your reply.

I got a MAG Masternode which I set up yesterday.  I looked today and it seems that my "mined" coin is 0.09943835.

Is this correct?  Seems very low for a Masternode, isn't it?

Please advise.

Its not MN Rewards. Its stake rewards
You will have MN Reward probably in 2 days if you stay in MN List

[lutche]

magnet needs 24hrs cash volume, only 50k usd is very little, need millions to become a strong currency.

[Peter Sm.]

magnet needs 24hrs cash volume, only 50k usd is very little, need millions to become a strong currency.

Step by step is the best.
Till the end of 2018 1MAG will cost no less then 10$.

[thiec]

http://magnetwork.io/checkmn/

998 MASTERNODES

2 more, we will will 4 digit MN Holder

edit : now 1002
I just dont understand, with price keep drop, why also increase of MN? it should be decrease since somebody release their bags

[lutche]

idev, I've never heard of this exchange CREX24, I hope it's trustworthy

[TonyGaruda88]

Dev, the average project offers a design so anyone can benefit from holding and supporting the coin, but not all projects work. Are there other offers that are more interesting than that? I pray that your renewable energy research works out as planned.

[lutche]

I also hope that it is true, but if it does not, I believe it will not influence the price of the currency as much.

[lutche]

They have smart contract design and other things, the masternodes, and a quick transaction.

http://tinypic.com/r/mae692/9

[ras grio]

Masternodes and Developers in the miners need help!

Antminer d3 was a tall investment, hold your coins for a long time, stop selling your coins. The MAG price falls, while the others rise, help increase the price of the increase with the BID and ASK option.

I'm going to shut down my mining company if you continue, you earn about MAG 40,000 per day per machine and MAG 10 per day per machine.

[ras grio]

look the market

 

2018-02-10 14:17:52   sell   0.00004680   55.00000000   0.00257400
2018-02-10 14:17:27   sell   0.00004680   64.43122472   0.00301538
2018-02-10 14:15:56   sell   0.00004680   14.55570327   0.00068121
2018-02-10 14:14:41   sell   0.00004680   590.00000000   0.02761200
2018-02-10 14:14:37   sell   0.00004680   272.27952551   0.01274268
2018-02-10 14:14:23   sell   0.00004680   900.00000000   0.04212000
2018-02-10 14:13:09   sell   0.00004680   357.83247261   0.01674656
2018-02-10 14:12:21   sell   0.00004680   694.00000000   0.03247920
2018-02-10 14:12:20   sell   0.00004680   427.35042735   0.02000000
2018-02-10 14:11:49   sell   0.00004680   46.00000000   0.00215280
2018-02-10 14:10:18   sell   0.00004680   234.29641446   0.01096507
2018-02-10 14:10:17   buy   0.00004680   145.60170563   0.00681416
2018-02-10 14:10:15   sell   0.00004301   64.43122472   0.00277119
2018-02-10 14:10:15   sell   0.00004302   180.07769215   0.00774694
2018-02-10 14:10:15   sell   0.00004306   590.00000000   0.02540540
2018-02-10 14:08:19   buy   0.00004307   67.20945367   0.00289471
2018-02-10 14:04:19   sell   0.00004307   32.35243125   0.00139342
2018-02-10 14:02:34   buy   0.00004307   67.64756875   0.00291358
2018-02-10 14:01:59   sell   0.00004307   432.35243125   0.01862142
2018-02-10 13:58:46   sell   0.00004307   127.62037140   0.00549661

[Peter Sm.]

Can somebody epxplain what happens with MAG specifications?

In whitepaper says:

Block Time: 90 secs per block.
Block Reward: 200
Block Reward Halving: every 360 000 blocks

So, it is 24*3600/90=960 blocks per 24h

I put command "getinfo" in the console of debug window of the latest magnet wallet
and it says for now 10.02.2018/20:16:

{
    "version" : "v1.3.0.0-61403",
    "protocolversion" : 61403,
    "walletversion" : 60000,
    "darksend_balance" : 0.00000000,
    "newmint" : 0.00000000,
    "stake" : 0.00000000,
    "blocks" : 151856,
    "timeoffset" : 1,
    "moneysupply" : 14718352.13753063,
    "connections" : 13,
    "proxy" : "",
    "difficulty" : 47615.84673888,
    "testnet" : false,
    "keypoololdest" : 1511982826,
    "keypoolsize" : 1001,
    "paytxfee" : 0.00010000,
    "mininput" : 0.00000000,
    "unlocked_until" : 0,
    "errors" : ""
}

We are at block #151856

151856/960=151.18 days or more than 5 months BUT the project was started in November of 2017,
about 3 months before, not 5 months.

And finally i do some researches.

I open my transactions and take two points:

1. txid: 46615bd7d579ed98b9ae8ab1e85d4a15bda3a2dff7564fc3d6860f10fc4bc502  at 02.12.2017, 14:01 / 115814 confirmations
2. txid: 67fb03fa05ea16f2c3d470bb926209228c7d508fe73742bd98d7fba746380fd5 at 20.12.2017, 13:51 / 86227 confirmations

So, from 1 to 2 was 115814-86227=29587 blocks
29587/(20-2)=1644 blocks per day which is greater than specified 960 blocks/day

Lets take some other points:

3. txid: 95dfb03afec12ddf0f1a64b59077bb04236ff228e5b806922db1d050d1b2775e at 19.12.2017, 10:00 / 88129 confirmations
4. txid: 6d4afb499e3eafa0b3076ca03c5607347aa9fd0baf973a563141fba606db53d5 at 03.02.2018, 10:08 / 12092 confirmations

So, from 3 to 4 was 88129-12092=76037 blocks
76037/46=1652 blocks per day, almost the same like from 1'st case

Could somebody explain all this?

[ras grio]

The silence scares me and the story of Peter Sm appears, sometimes the developers have explanations.

Friends who have MAG in their wallets send to Coinexchage, the volume of the coin in the market has increased the value of the coin.

[lutche]

the 50 mag I have I leave in Exchange, does the value really increase if the amount of MAG is too high in Exchange? I did not know that interfered with the value of money.
Still lacking the CREX24 to start receiving Mag and sell there the value will go back up a little if the volume is good
For beginners miners low is good, but for those who have lots, lots of money the high value is insignificant. to be between 0.6 and 0.3 until the middle of the year is good to get the coins mining, then if the currency rises again the difficulty will increase so much that you will not have to get 0.01 MAG per day, the amount of D3 antminer that will flood into the Magnet will be insane if its value starts to rise.

[yetme]

Can somebody epxplain what happens with MAG specifications?

In whitepaper says:

Block Time: 90 secs per block.
Block Reward: 200
Block Reward Halving: every 360 000 blocks

So, it is 24*3600/90=960 blocks per 24h

Have you seen the hashrate recently? It spikes up to 400t/h. That's a lot of hashing power. That's why blocks are being generated so fast. 

[bts378]

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.

[MahxM]

Trying to setup a masternode following the exact instructions at (http://magnetwork.io/wp-content/uploads/2018/01/COLD_WALLET_SETUP_TUTORIAL-FOR-BEGINNERS.pdf). Tried several times with fresh VPS instances from Vultr, all three times I received the following message when executing the ./magnetd command:

./magnetd: error while loading shared libraries: libboost_system.so.1.62.0: cannot open shared object file: No such file or directory

Any ideas. I'm using Ubuntu 17.10 x64.

Thank you

[thiec]

Trying to setup a masternode following the exact instructions at (http://magnetwork.io/wp-content/uploads/2018/01/COLD_WALLET_SETUP_TUTORIAL-FOR-BEGINNERS.pdf). Tried several times with fresh VPS instances from Vultr, all three times I received the following message when executing the ./magnetd command:

./magnetd: error while loading shared libraries: libboost_system.so.1.62.0: cannot open shared object file: No such file or directory

Any ideas. I'm using Ubuntu 17.10 x64.

Thank you

You have same mistake like i did before
You are missing some important file. In that instruction, a char is mising, try use this one :

Code:

sudo apt-get install build-essential libtool automake autotools-dev autoconf pkg-config libssl-dev libgmp3-dev libevent-dev bsdmainutils

You have to make sure use command ./magnetd result is

Code:

Error: To use magnetd, you must set a rpcpassword in the configuration file:
/home/contact/.magnet/magnet.conf

[thiec]

the 50 mag I have I leave in Exchange, does the value really increase if the amount of MAG is too high in Exchange? I did not know that interfered with the value of money.
Still lacking the CREX24 to start receiving Mag and sell there the value will go back up a little if the volume is good
For beginners miners low is good, but for those who have lots, lots of money the high value is insignificant. to be between 0.6 and 0.3 until the middle of the year is good to get the coins mining, then if the currency rises again the difficulty will increase so much that you will not have to get 0.01 MAG per day, the amount of D3 antminer that will flood into the Magnet will be insane if its value starts to rise.

D3 is bad investment and its a curse for X11 algo. All coins that use X11 algo will not give you profit right now, because of D3 itself.
Every coin that get good demand and have the price rise will get "hash boom" because miner moving to more profitable coin and in the end decrease your earning (in coin) and finally the price (in $)

The only hope for D3 is the rising price of DASH (with associate with bitcoin price), if DASH price is good then all good X11 coin will follow the line, as i believe MAG will do.