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

[Damage_Dealer]

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.

This is a very serious accusation, and a pretty reasonable one. Dev, please explain yourself and bring some valid reasons for the community to invest in your coin, because if you ask me personally, I was thinking of heavily investing in MAG, but in the light of this new information, I decided against it for the time being. I believe other users have the same way of thinking now. Is there going to be a dev dump (which will of course destroy the price of the coin)? What about the pre-mine?

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[mrcroco]

Magnet-QT is now available on Mac OS X (10.12 and above).

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


Current version: 1.2.1 compatible with 1.2.0 (same chain) on all systems.

Previous versions:
You can build the wallet on previous macOS version with Homebrew. Download the magnet sources from GitHub, edit the qmaker script with your dependency then run the following command: ./qmaker && make

To access data folder on OS X - Alt(Option) + Finder > GO > Library.
When the Library opens find Application Support > Magnet

Congrats Dev. The best answer and best way to go with community information!

[mrcroco]

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.

This is a very serious accusation, and a pretty reasonable one. Dev, please explain yourself and bring some valid reasons for the community to invest in your coin, because if you ask me personally, I was thinking of heavily investing in MAG, but in the light of this new information, I decided against it for the time being. I believe other users have the same way of thinking now. Is there going to be a dev dump (which will of course destroy the price of the coin)? What about the pre-mine?

Scan the Mag Explorer http://magnetwork.io/checkmn/
You can figure by yourself all MN have average rewards in sync with maths dev explainations over and over. Can we ask other topics now?
I have 2 MN. i got 1400Mag in the last 24h hours and got very low the 48h before.

Please share your feedback when information is not findable publicly. I've been scammed this summer by mining offer fuckers but i don't think this coin is a scam. At least after having check information by myself.

MNs OK , coin price low due to all eyes on BTC Madness but i have faith. Best answer given by dev. Mac Wallet delivery!! Congrats

Dev in some way i understand questions. Try share more your daily life working whatever is good day or not. You can be surprised how community will support you.

Dev don't sleep and communicate. Community respect dev silent. Dev silent is not forcely bad signal. I  will now close my mouth and setup my Mac-Mag wallet (Not Pacman) i've been expected for some time.

my 2cts

[lovinder]

 

I could still say a profitable coin if you are mining X11 . Dash mining is turning $4 a day and on other Hand $15/ Day you are getting on MAG . I would hold them for years

Trust this guy. With the replies he is giving and work he is putting towards it.

He seems like serious and proactive about it.

Good luck. I am mining MAG for a week now and will mine MAG for more than a Month.

[Parn]

Magnet-QT is now available on Mac OS X (10.12 and above).




Current version: 1.2.1 compatible with 1.2.0 (same chain) on all systems.

Previous versions:
You can build the wallet on previous macOS version with Homebrew. Download the magnet sources from GitHub, edit the qmaker script with your dependency then run the following command: ./qmaker && make

To access data folder on OS X - Alt(Option) + Finder > GO > Library.
When the Library opens find Application Support > Magnet

Good Work, i hope magnet double's it price soon.

[PhaseshiftUK]

My Magnet masternode seems to keep stopping and I can't work out why.  I've had no rewards for 4 days now.  I thought it was the wallet causing issues (running the MN on a VPS, wallet on Windows) as it would regularly update the status to "Updating network list", so kept the wallet shut, but it's definitely an issue on the MN side.  I'll check and post from the logs a bit later, but any ideas?

[blockonomy]

My Magnet masternode seems to keep stopping and I can't work out why.  I've had no rewards for 4 days now.  I thought it was the wallet causing issues (running the MN on a VPS, wallet on Windows) as it would regularly update the status to "Updating network list", so kept the wallet shut, but it's definitely an issue on the MN side.  I'll check and post from the logs a bit later, but any ideas?

Ok feel free to join on Slack for direct / live help in setting up your MN. If the logs reveal a particular issue let us know here otherwise. Running cold wallet on/off should have no impact on the rewards once the MN is activated.

[Nicky_funny]

Good jobs dev
I think this is good network.
Thank you!

[Vababaika]

Hope price increase soon 

I've noticed that when nicehash went down and network hashrate lowered the price also fell  so it seems we need to wait nicehash back online 

[caotuananh2512]

i think this coin there will be potential in the future because i see DEV team magnet coin extremely profestional and social accept very much
 i guess value of magnet coin  will rise about 60% within a next month

[karbi]

Hi friends, Is it still time to invest in this transaction and is there any hope that the price will rise again and thank you for the answer

[mrsray]

I am thinking about grabbing a mag masternode and would also like to know thoughts from mag mn owners    It looks like a good project with potential.  How is the wallet working?  Good rewards?  Active community?

[mrcroco]

Communication is more intense on Slack where dev are mostly available 24h

I think price currently is remant sale.

2MN setup 4 days running time 2200 MAG reward

All good dev

[mrsray]

thanks for the info 

[tmkn]

Communication is more intense on Slack where dev are mostly available 24h

I think price currently is remant sale.

2MN setup 4 days running time 2200 MAG aw

All good dev

The problem is that too much MAG is generated daily, the devs did this to attract the miners/ MN.
The price won't go up unless more masternodes are set up.
But MNs get a very low reward because of the 50% so you can run a mn 2-3 days without getting anything.
So people get fooled by the mnrank.com statistics which is wrong - the rewards are much lower than what is listed there.

Not to mention the coinexchange "incident".

[mrsray]

tmkn, with that being said, would you recommend a mn?     what would you say is the correct daily profit?  roi?

[Parn]

tmkn, with that being said, would you recommend a mn?    what would you say is the correct daily profit?  roi?

i get 200-300 MAG  daily, for me its profitable.


200*7 days = 1400 MAG  at current price:  0.30*1400 = 420 USD weekly.

[tmkn]

tmkn, with that being said, would you recommend a mn?     what would you say is the correct daily profit?  roi?

I had two but sold them. Initially they were ok (~400/day) but very low reward afterwards.
For me the last two days generated ~100/day/mn. So a roi of 100 days.

[tmkn]

tmkn, with that being said, would you recommend a mn?     what would you say is the correct daily profit?  roi?

It could be risky if there are no people buying mag for masternodes - you need to consider that.
Personally I wouldn't buy now.

[mrsray]

thank you for all your advice  and information