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

[blockonomy]

Hi everyone! What happened with    http://magnetpool.io? it's offline again

It's http://magnetpool.io:8080

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[blockonomy]

I was getting 200 to 300 coins per day from masternode, just 2 weeks ago. For the last week, i just got 100 coins once in two or three days.
Even when i was receiving 200-300 coins, i was also staking. I set staking to off 2 days ago. What do you think about this problem? Is it usual?

Likely unrelated - Reward type is as random as flipping a coin since Magnet is 50% PoS and 50% PoW hybrid.

[bitChipper]

Frederic seems like a solid developer alone, not sure about the other dev, not much info out there.

I know that the roadmap and whitepaper discusses renewable energies but it looks like Frederic has a background in mobile gaming. Will this
looked to be utilized with the magnetwork?

Also can you buys elaborate more on the fork thats planned for this year?

[Wananavu99]

I was getting 200 to 300 coins per day from masternode, just 2 weeks ago. For the last week, i just got 100 coins once in two or three days.
Even when i was receiving 200-300 coins, i was also staking. I set staking to off 2 days ago. What do you think about this problem? Is it usual?

How many MN's two weeks ago and how many were added between that time?  Perhaps more MN's are causing payouts to decrease? 

[Bibi187]

Actually reward is less them 100 Mag per day, so dont expect PoW MN reward so much.

End of month actually you will get 25 to 30 reward i assume.

So 2500 to 3000 Mag, depend on your luck.

Anyway MAG will grown more, i am a holder !

[thesilex]

I was getting 200 to 300 coins per day from masternode, just 2 weeks ago. For the last week, i just got 100 coins once in two or three days.
Even when i was receiving 200-300 coins, i was also staking. I set staking to off 2 days ago. What do you think about this problem? Is it usual?

How many MN's two weeks ago and how many were added between that time?  Perhaps more MN's are causing payouts to decrease? 

It was 380 MNs two weeks ago. Now almost 600. I was getting at least 200 coins per day. But i did not receive anything in the past 4 days.

[JMVB]

http://magnetwork.io/ANNimg/magnetLogoSL.png

MAGNET
X11 POS/POW+Masternodes

http://magnetwork.io/ANNimg/ov.png

Our network is designed so anyone can benefit from holding and supporting the coin.
Magnet will be mining oriented. We strongly believe mining plays crucial role in cryptocurrencies and in their security.
We will find a way to run our own miners on solar power efficiently and direct our resources at researching the solar-mining tech.

http://magnetwork.io/ANNimg/specs.png

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.

http://magnetwork.io/ANNimg/wallets.png

http://magnetwork.io/ANNimg/winWallet.pnghttp://magnetwork.io/ANNimg/macWallet.pnghttp://magnetwork.io/ANNimg/linuxWallet.png

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.

http://magnetwork.io/ANNimg/contact.png

Source Code
GitHub

Slack
https://magnetworks.slack.com/
Slack Invite
For technical attention and problem solving join slack and find a way to #techsupport channel

Twitter
https://twitter.com/magnetwork_io

Discord
https://discord.gg/EtEGyEn

Explorer
http://explorer.magnetwork.io/

Magnet Mining Pools
OFFICIAL
http://magnetpool.io:8080/
stratum+tcp://magnetpool.io:3000
OTHERS
http://miningpool.shop

Masternode Setup Guide
DOWNLOAD

Tool for checking on Your masternode
http://magnetwork.io/checkmn/



MAGNET is now available on www.coinexchange.io


www.magnetwork.io

http://magnetwork.io/ANNimg/magnet-80.png


 
 
 

[cmejia1978]

hi there! about to start mining MAG, but have no wallet, any suggestions? Thanks! Tried to register to http://coinexchange.io/ but they throw me an error, all day long, thanks!

[cmejia1978]

by the way I have iOS so how do I set up my local wallet? Thank you, first time ever to setup a local wallet, by the way! 

[theonionman]

Are there any plans to host bootstrap files so that we can get the blockchain sync done faster? My wallet says I have 23 connections but I've been waiting for 3 days for my blocks to download. Nothing wrong with my connection as it speed tests at 29Mbps. This is the only wallet I've had with this problem as most wallets sync super fast. 

[JMVB]

that is a good suggestion ..... It would be great to achieve bootstrap

[blockonomy]

Are there any plans to host bootstrap files so that we can get the blockchain sync done faster? My wallet says I have 23 connections but I've been waiting for 3 days for my blocks to download. Nothing wrong with my connection as it speed tests at 29Mbps. This is the only wallet I've had with this problem as most wallets sync super fast. 

We have had this problem before and it works if You add more nodes to the conf file. 23 connections is good, but if they all are not in the same region as Your machine then it can take a long time.

Also try to add maxconnections=35 for example (magnet.conf) to increase the availability through connection count.

[thecentennial]

Why has MAG crapped out today?

[lovinder]

Why has MAG crapped out today?

Best thing is Buy the Dip

[zhongzy]

OFFICIAL ANNOUNCEMENT

There was bootstrap requested by the community many times in past few days.
We have uploaded a bootstrap file (http://magnetwork.io/Wallets/bootstrap.zip) to speed up the initial chain validation. You should extract bootstrap.dat into your wallet data folder and restart the wallet. It should allow any wallet to fully validate the Magnet blockchain in <30 minutes regardless of the internet connection speed. This file will be updated twice a month.
File checksum:
SHA256(bootstrap.zip)= 69b1618e539d774ec145e76c956f42d8042fbcd4fe201ac6531f01708dc8e058

P.S. Lot of request were made because of slow sync on VPS machines. To solve this problem, add line add maxconnections=50 to Your config file so it allows more connections. Number can be changed according to the needs.

ok ,i already changed my config file ,thanks dev ！

[CoinNLD]

Buy the dip! This is a good project. I have Masternode running and receiving 100 Mag a day now.
Join Discord and you can see that dev team is active. Responding in minutes.

In weekends sometimes these dumps after big pumps happen

[theonionman]

https://i.imgur.com/XwNpQle.png

OFFICIAL ANNOUNCEMENT

There was bootstrap requested by the community many times in past few days.
We have uploaded a bootstrap file (http://magnetwork.io/Wallets/bootstrap.zip) to speed up the initial chain validation. You should extract bootstrap.dat into your wallet data folder and restart the wallet. It should allow any wallet to fully validate the Magnet blockchain in <30 minutes regardless of the internet connection speed. This file will be updated twice a month.
File checksum:
SHA256(bootstrap.zip)= 69b1618e539d774ec145e76c956f42d8042fbcd4fe201ac6531f01708dc8e058

P.S. Lot of request were made because of slow sync on VPS machines. To solve this problem, add line add maxconnections=50 to Your config file so it allows more connections. Number can be changed according to the needs.

Thank you very much for this! But I am still having issues... I first tried your suggestion of adding maxconnections=50 to the config file and restarting the wallet but it never connects to more than 20-some nodes and is still unbearably slow to sync. I have all the nodes added to the config from the main magnetwork.io instructions so unless there are more to add from elsewhere I should be good here. I then put the bootstrap file into my ~/.magnet directory and restarted the wallet. The bootstrap.dat file immediately changed to bootstrap.dat.old and after waiting a full hour it is no further along in the sync process than before. Very very slow. I've used bootstrap files for a number of other wallets without issues but typically they were on windows. I am in the process of setting up a temporary ubuntu box today to test this locally to see if I get the same results and if not, hopefully I can just copy over the .magnet directory and get this working. Thanks again for your suggestions and help thus far. I am determined to get this to work and I hope to have success today.

[CoinNLD]

https://i.imgur.com/XwNpQle.png

OFFICIAL ANNOUNCEMENT

There was bootstrap requested by the community many times in past few days.
We have uploaded a bootstrap file (http://magnetwork.io/Wallets/bootstrap.zip) to speed up the initial chain validation. You should extract bootstrap.dat into your wallet data folder and restart the wallet. It should allow any wallet to fully validate the Magnet blockchain in <30 minutes regardless of the internet connection speed. This file will be updated twice a month.
File checksum:
SHA256(bootstrap.zip)= 69b1618e539d774ec145e76c956f42d8042fbcd4fe201ac6531f01708dc8e058

P.S. Lot of request were made because of slow sync on VPS machines. To solve this problem, add line add maxconnections=50 to Your config file so it allows more connections. Number can be changed according to the needs.

Ok did it! Thanks Dev. Rewards of masternode are coming in nicely since a couple of days. Keep up good work!

[Omnopon)]

It is good that you made seeds initialization automatic, in order to make it completely decentralize.

[Minerspain]

What is the minimum tx fee recommended for this coin?