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

[PGPpfKkx]

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

Any comment from dev?

Yes of course. There is a long explanation about this subject on page [8] of this ANN thread.

If You want the long story short - in the hurry we accidentally had words No Premine in ANN info.
There was a 9 day period of testing the mainnet before going public and 20 MNs set up to secure the network so people got mad about the No Premine part.
This got out of hand a bit with accusations of HUGE premine / scam etc.

On the page [8] i explain in detail how that the huge premine was actually 0.625% of the total coins and it is mostly being used for sustaining the network.

You are a scammer my friend. Oh, the word scammer was accidentally put here. I meant you are a nice person that will get rich because of idiots. Sorry, scratch rich and idiots. I mean yeah

[captainbluff]

Just tried to transfer 10K MAG from coinexchange to my wallet. Token has not arrived, seeing a "1" in coinexchange under withdrawal instead of a hash. Any ideas?

fixed by opening ticket with coinexchange

[Alexey Sukharev]

Any other exchanges are in the near future plans?

[orthodox]

https://i.imgur.com/CskC5GU.png

NEW WALLET 1.2.1 UPDATE

Masternode owners now have the ability to “soft” lock the masternode collateral. When the option is turned on, the wallet will not select masternode transaction as input to new transactions. This behavior can be overridden by using the Coin Control Features and explicitly selecting the collateral. Simply add the following line to your config file to use: masternodesoftlock=1
The GUI was incorrectly reporting “Not in the masternode list” while syncing to the Magnet Network (this can be a slow process as the network is still small). The message has been updated to report the appropriate reason. Additionally, in case of actual failure to start a masternode, the error message will be displayed in the list.
As usual don’t hesitate to reach out on Slack for faster assistance.
Enjoy!

http://magnetwork.io/ANNimg/winWallet.pnghttp://magnetwork.io/ANNimg/linuxWallet.png
Source Code
GitHub

Virus!!! My antivirus does not allow it to run and removes!!!
Why?

[Alexey Sukharev]

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Thanks for a big and clear answer. So we waiting.
The masternodes are growing fast. The reward is decreasing, so the price may go higher?

[cryptoman104]

Any roadmap or whitepaper, guys?

[dellzxd]

how put masternode online ?

[Alexey Sukharev]

Watch youtube for Transfercoin masternode setup. There are few videos there. I've used VPS.

[dellzxd]

why i get around 0.01 only ? masternode gives so little ?

[richpress]

why i get around 0.01 only ? masternode gives so little ?

Masternode rewards are half the block reward. If it's a POW block you will get 100 MAG, but if it's a POS block you get small amount since staking doesn't reward much yet (only 2+ million in circulation).
The number of payouts should be even between POW and POS, although sometimes I get unlucky and have all payouts as POS. And sometimes lucky and get most of the payouts as POW So just let it run longer and you'll see better results.

[captainbluff]

why i get around 0.01 only ? masternode gives so little ?

Let your MN run longer, you will see the true rewards

[chrondosia91989]

MAGNET has been added to...

cryptopool.xyz

1% fee, hourly payouts after first confirmed block, yiimp based pool

Dedicated discord channel for support!

Code:

-a x11 -o stratum+tcp://cryptopool.xyz:3533 -u yourwalletaddresshere -p c=MAG

Come hash with me!

[miningpooldotshop]

MAGNET Mining Pool

http://MiningPool.Shop

No register needed.. based on Yiimp pool..
Payout : Every 1hour
Fee  : 0.9% FEE

Code:

-o stratum+tcp://eu1.miningpool.shop:3533 -u <WALLET_ADDRESS> -p c=MAG

NICEHASH RENTAL

Code:

Pool host: eu1.miningpool.shop
Pool port: 3533
Pool user: Your_Wallet_Address
Pool pass: c=MAG
Algorithm: X11

Support Live Chat

[dandruff1138]

Nice to know about its POW

[Ferminer]

Any other exchanges are in the near future plans?

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Dev, why I run the master, it's some time it's active, and then disappears from the list? And changes its status from "masternode is running" to "updating network list". In this status there will be no rewards? The conf file is correct, creating masternode too.

[richpress]

Any other exchanges are in the near future plans?

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Dev, why I run the master, it's some time it's active, and then disappears from the list? And changes its status from "masternode is running" to "updating network list". In this status there will be no rewards? The conf file is correct, creating masternode too.

No, you will still get rewards when it says "updating network list" .

[blockonomy]

Any other exchanges are in the near future plans?

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Dev, why I run the master, it's some time it's active, and then disappears from the list? And changes its status from "masternode is running" to "updating network list". In this status there will be no rewards? The conf file is correct, creating masternode too.

No, you will still get rewards when it says "updating network list" .

Yes, the network is still small so it may take some time for the local wallet to update the list, during that time running masternodes are still getting rewards.

[Ferminer]

Any other exchanges are in the near future plans?

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Dev, why I run the master, it's some time it's active, and then disappears from the list? And changes its status from "masternode is running" to "updating network list". In this status there will be no rewards? The conf file is correct, creating masternode too.

No, you will still get rewards when it says "updating network list" .

Yes, the network is still small so it may take some time for the local wallet to update the list, during that time running masternodes are still getting rewards.

that is, do not do anything? Everything okay?

[richpress]

Any other exchanges are in the near future plans?

There will be at some point new exchanges added, but for now we concentrate on wallet development. Mac wallet is coming soon. Followed by a smaller wallet update and then we take some time to develop our initial ideas into the wallet. We possibly need a fork for this because most interesting concepts usually need to be programmed into the consensus layer. So before moving on to more exchanges - we need to decide on couple of fundamental ideas how we approach the future plans and what is needed. Being on an exchange means constant communication with the exchange every time wallet update comes out. So for now we hold back on exchanges, but we have seen couple of community initiated requests on smaller exchanges so this might happen before we plan it ourselves.

Dev, why I run the master, it's some time it's active, and then disappears from the list? And changes its status from "masternode is running" to "updating network list". In this status there will be no rewards? The conf file is correct, creating masternode too.

No, you will still get rewards when it says "updating network list" .

Yes, the network is still small so it may take some time for the local wallet to update the list, during that time running masternodes are still getting rewards.

that is, do not do anything? Everything okay?

Yes.

[rmmpg]

Love this project.

Easy to set my 1st masternode (~600 coins/day). Looking to set another masternode in next few days.

Keep the good work dev!