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

[Minerspain]

What is the minimum tx fee recommended for this coin?

I've already found it, is 0.01 

[1715407350]

1715407350

[1715407350]

1715407350

[1715407350]

1715407350

[Miguelpt]

Multipools aims to be a provider of pools for multiple algorithms and coins in order to help with general blockchain decentralization and bring lower fees to our mining community.

As a launching promotion we will keep the fees at 0.5% for 7 days. After that the fees will be 1% with random happy hours of 0%

Welcome to our MAG Coin Pool.

Pool URL:

• https://magnet.multipools.club/

Specs:

• Dedicated Server
• DDoS Protection
• User Friendly Interface
• Payments when every block arrives
• Server Located in Europe
• 1% fee
• NiceHash mining supported

Please feel free to share your feedback with us and we are more than welcome to review it and improve our service.

Send us your feedback to:

• Email: Support@multipools.club
• Telegram Official Channel: https://t.me/multipools

Come chat with us on:

• Telegram Support group: https://t.me/joinchat/GP6HXwxiGzDKiBucyWvbWQ

Now let’s mine!

Bitcointalk pool ANN: https://bitcointalk.org/index.php?topic=2707100.new#new

[blockonomy]

What is the minimum tx fee recommended for this coin?

I've already found it, is 0.01 

In fact the minimum transaction fee is calculated as follow: minFee = 1 + (Bytes / 1000) * 0.0001
So for most transaction 0.0001 will work fine, anything higher may speed up the processing but is not needed right now as the network is far from being congestioned.

[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.

I doubt many were concerned about my ability to get the blockchain synced but I'm happy to announce I was able to get everything working. I believe I had some corruption going on as I ended up just nuking out the whole .magnet directory and re-setting up with the bootstrap from the beginning and I was up and running in a few minutes. Thanks guys for all the help!

[Minerspain]

What is the minimum tx fee recommended for this coin?

I've already found it, is 0.01 

In fact the minimum transaction fee is calculated as follow: minFee = 1 + (Bytes / 1000) * 0.0001
So for most transaction 0.0001 will work fine, anything higher may speed up the processing but is not needed right now as the network is far from being congestioned.

you're right!

Thanks!!

[The_Don]

this one is good project currently iam earning good amount of money from it

[bitChipper]

Yes it is a decent project with nice see saw MN rewards, the setup of the masternode was a bit different but still easy

highly recommend if you are looking for good passive mn income

[Patron7]

Friends, the exchange Coinexchange has so much bad reputation that it seems to be a scam there are many unresolved tickets, it is possible to access another exchange for all MAG owners since the price is going down due to that

https://bitcointalk.org/index.php?topic=1532173.240

[traffer]

are there any pools where i can mine just MAG? with stats and account

[bitChipper]

Friends, the exchange Coinexchange has so much bad reputation that it seems to be a scam there are many unresolved tickets, it is possible to access another exchange for all MAG owners since the price is going down due to that

https://bitcointalk.org/index.php?topic=1532173.240

I havent had hardly any issues with coinexchange other than the occasional downtime that almost every exchange is going through
at the moment.

But i do think that Magnet needs to get listed on another exchange, I think we should go for cryptopia, but really any second
exchange would be good, just in case for some reason coinexchange.io goes down we would have a back up market.

[pitt59]

lol can coinexchange.io list btcz  btcz has no pre mine, no ico, no dev fee, we have been asking you to list us there for a long time already and we cant pay for exchange fees we wanted cryptopia but 5btc is insane since only miners are pirching a few sats per day to get listed on a few exchanges, and i can say thou tradesatoshi is a really small exchange they didnt charge us to be listed there

and i can say coinexchange i have no problem just that on 5 exchanges i use its the last choice cos they dont have much coins that i have, cryptopia was last well until etn was listed there

[AY000804]

I don't really have issue at coinexchange.io too, just feeling that if there is any change that mag can list on more major exchange to stop people to keep pumping and dumping mag.

[blockonomy]

Hello please help, can you give me biggest MAGNET pool, i am mining on miningpool.shop, but it is pool skip many blocks.

Feel free to try http://magnetpool.io:8080

Last 24 hours, pool paid miners for 30000 MAG:

http://35.202.4.153:3001/tx/d0abaff3ff5b92eb44cb6929a4604839c47ccc7e1e3742cba0b9cf4c1fdcd990
http://35.202.4.153:3001/tx/4017edf2612dcc10f792d19560a03541b97195e789bf31e18476639cf6141da1

[DeadAbrasiveness]

This is a newbie question!

I'm considering getting a MAG MN but don't know whether to based on my maths.

Now, please bear with me, because I don't know if my conclusion from my maths is right.

Based on the figures from coinmarketcap.com, MAG has a circulating supply of 9,255,958 MAG with a total supply of 9,505,958 MAG. This means there are 250,000 MAG still be mined.

If 30,000 MAG are mined a day based on the post from blockonomy, that means in 8.3 days, all the MAG will be mined.

Does this mean that the end of MAG is in sight?

Thanks in advance for your help in clearing this up for me

[More.Hash]

This is a newbie question!

I'm considering getting a MAG MN but don't know whether to based on my maths.

Now, please bear with me, because I don't know if my conclusion from my maths is right.

Based on the figures from coinmarketcap.com, MAG has a circulating supply of 9,255,958 MAG with a total supply of 9,505,958 MAG. This means there are 250,000 MAG still be mined.

If 30,000 MAG are mined a day based on the post from blockonomy, that means in 8.3 days, all the MAG will be mined.

Does this mean that the end of MAG is in sight?

Thanks in advance for your help in clearing this up for me

You are mixing things.

On the one hand there is a maximum of coins that can be created. This information is usually given in the ANN of the coin.

Coinmarketcap uses only the number of already EXISTING coins.
In this calculation they deny the coins that are in the hands of the devs (here 25 MN/10000 each). That are the 250.000 coins you mean.

[yetme]

Based on the figures from coinmarketcap.com, MAG has a circulating supply of 9,255,958 MAG with a total supply of 9,505,958 MAG. This means there are 250,000 MAG still be mined.

here's the math. correct me, if I'm wrong:

total supply (according to devs) is ~ 100 000 000
9,5 mil are already on the market, but 6,4 mil is locked up in masternodes,
so the real circulating supply is about 3,1 million MAGs

we still have ~90 millions to go, that's plenty of time, so don't worry

[DeadAbrasiveness]

This is a newbie question!

I'm considering getting a MAG MN but don't know whether to based on my maths.

Now, please bear with me, because I don't know if my conclusion from my maths is right.

Based on the figures from coinmarketcap.com, MAG has a circulating supply of 9,255,958 MAG with a total supply of 9,505,958 MAG. This means there are 250,000 MAG still be mined.

If 30,000 MAG are mined a day based on the post from blockonomy, that means in 8.3 days, all the MAG will be mined.

Does this mean that the end of MAG is in sight?

Thanks in advance for your help in clearing this up for me

You are mixing things.

On the one hand there is a maximum of coins that can be created. This information is usually given in the ANN of the coin.

Coinmarketcap uses only the number of already EXISTING coins.
In this calculation they deny the coins that are in the hands of the devs (here 25 MN/10000 each). That are the 250.000 coins you mean.

I knew something was wrong with my conclusions - thank you for elaborating

[bitChipper]

Friends, the exchange Coinexchange has so much bad reputation that it seems to be a scam there are many unresolved tickets, it is possible to access another exchange for all MAG owners since the price is going down due to that

https://bitcointalk.org/index.php?topic=1532173.240

I have heard that the fee to get listed on to cryptopia has been paid we are just waiting for the addition... I just heard that don't quote me on it

[More.Hash]

This is a newbie question!

I'm considering getting a MAG MN but don't know whether to based on my maths.

Now, please bear with me, because I don't know if my conclusion from my maths is right.

Based on the figures from coinmarketcap.com, MAG has a circulating supply of 9,255,958 MAG with a total supply of 9,505,958 MAG. This means there are 250,000 MAG still be mined.

If 30,000 MAG are mined a day based on the post from blockonomy, that means in 8.3 days, all the MAG will be mined.

Does this mean that the end of MAG is in sight?

Thanks in advance for your help in clearing this up for me

You are mixing things.

On the one hand there is a maximum of coins that can be created. This information is usually given in the ANN of the coin.

Coinmarketcap uses only the number of already EXISTING coins.
In this calculation they deny the coins that are in the hands of the devs (here 25 MN/10000 each). That are the 250.000 coins you mean.

I knew something was wrong with my conclusions - thank you for elaborating

Always look if they mean max supply (that are the 21.000.000 for BTC for example), or if they rely to the total supply. That number is an indicator for the so far generated coins. Circulating supply is what I wrote above (total minus the coins in the hands of the devs)

[AcesWild]

The Mac wallet doesn't work.

I've tried opening it on OS 10.9.5 and 10.13, and the wallet doesn't open.

Anyone else have this issue?