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

[lutche]

why magnet qt wallet is syncing very slow in comparison of others ? is there any reason ?

It was always very fast in here

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[Peter Sm.]

Good evening.

Thanx a lot for explanation, but still I have questions.

If nethash changes and it is a cause of blocks-per-day fluctuations,
why thereis so big and stable difference between declared (960)
and calculated (1650+) blocks per day? Is it only problem of difficulty's function or
there are some other problems?

MAGs have mined alot, in whitepaper about 35 millions for 1'st year and now
we have almost half of this quantity.

Will see what explanations will give us the dev.
Hope soon and will be fixed if it is mistake.

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?

It is include POS Block.
Block time seem only count for POW block

First of all sorry for not being able to check here as much as in the beginning of the network. Growing network needs more attention than ever before.



Lets go with the explanations!

I quickly resolve another message here on the forum, before answering the quoted one.
Whoever posted here that we "raped" the chain before going public.

No, we did not. Here - https://bitcointalk.org/index.php?topic=2402932.msg26041886#msg26041886 - on page 32 there is an explanation and if You need more - feel free to read through the whole ANN thread to get even better picture. We fight the FUD a lot and give out many explanations on the topic.


Next about the blocktime info.

If You check our explorer here - http://explorer.magnetwork.io/ You can see easily that often 2-3 blocks are found within a minutes time.
We are still a small growing network and the hashrate fluctuations create this effect so blocks are found faster.

This is no scam or anything particular happening actually. When we gain more momentum after releasing some of our main features in 4-5 months time, the hashrate stability will improve and blocks will be found in a more stable rate. Blocktime in specs always refers to the numeric value in the source code that is the basis for algorithm when re-targeting difficulty, but this is almost never consistent with the real-time results.

So it all depends what difficulty adjust algo chain is using.


We are a fork of Transfercoin and chose to inherit their custom algo for difficulty adjust. We use exponential moving for re-targeting (very similar to Kimoto).
The other classic way to go is to use re-target "family" of simply taking the average and adjusting it  by X, but in case of a big hashrate spike, it would take forever to even out the difficulty.
Our algo re-targets in 6 blocks, doesn't matter the size of the spike. This solution may bring faster blocks at the start of the chain when smaller hashrates and more fluctuations, but does not get the chain stuck in case of hashrate spikes (that we have had a lot actually).

So suggesting that we have done anything to manipulate the code in our favor (chain "raping" accusation etc.) is simply ignorant. If You check our GitHub, You can see that we have been forked 14 times and starred by other developers 18 times at the time of writing this. If there was any trouble with the code, any backdoor or malicious entries - developers would have found those fairly quickly and our story would have ended. Instead we have 1000+ MNs on the network and very supportive community of 500-1000 users on slack/Discord.

In conclusion - if we are not here answering every day, we are working on the chain. Lot of FUD often comes from not knowing all the pieces to the puzzle. One way to stay in the loop is to follow our developers blog.
Last post there will share some light on whats to come in near future - http://magnetwork.io/2018/02/04/developer-diaries-from-the-trenches/

Best way is actually to join our Discord channel for live help and info. We (dev team / support / community) are 24/7 there to answer questions and help out - https://discord.gg/EtEGyEn

[bitChipper]

Is there a MN hosting service that supports MAG?

I think there is some shared MN/ MN hosting services available if you get into the discord channel but please be careful who you deal with. Verify with other community members first before you engage in a MN service, alot of scams going around.

[The_Don]

why magnet qt wallet is syncing very slow in comparison of others ? is there any reason ?

It was always very fast in here

used bootstrap now its really fast

[lovinder]

https://i.imgur.com/Zovyl62.png

The MN Manager app has now been released in Beta for Android!
Current version provides the same functionalities as the online check tool (www.magnetwork.io/checkmn/) for masternodes.

Features
 - search and create custom list for masternodes you own
 - check real-time network statistics
 - browse the explorer for any masternode on the network

Upcoming
 - iOS release
 - real-time masternode reward notifications
 - more data monitoring options


READ MORE ABOUT THE RELEASE - http://magnetwork.io/2018/02/17/we-are-live-on-google-play/

I am Buying the little dips guys. I hope you will prove those people wrong who calling it scam.


 

[yavlad]

cкиньтe пoжaлyйcтa ccылкy для кoшeлькa и мacтepнoды  Win 64

[zagorx1]

Added MAGNET coin
on poolmin.com


Fee only 0.5% - Random 0% fee


Payment every 1 hour

Code:

-a x11 -o stratum+tcp://mine.poolmin.com:3533 -u <WALLET_ADDRESS> -p -c=MAG

With the profitability tool just enter your hash rate and find how much you get




[/center

[trgnn]

The MN Manager app has now been released in Beta for Android!
Current version provides the same functionalities as the online check tool (www.magnetwork.io/checkmn/) for masternodes.

Features
 - search and create custom list for masternodes you own
 - check real-time network statistics
 - browse the explorer for any masternode on the network

Upcoming
 - iOS release
 - real-time masternode reward notifications
 - more data monitoring options


READ MORE ABOUT THE RELEASE - http://magnetwork.io/2018/02/17/we-are-live-on-google-play/

I am Buying the little dips guys. I hope you will prove those people wrong who calling it scam.


 

People called Dash and ETH a scam too.

[lionmax]

Magnet added to ezpool.net




----====== Miner settings =====-------

stratum+tcp://eu.ezpool.net:2882
Username: your_magnet_address
pass : x

===============================

Good luck !

[pauq]

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

OFFICIAL ANNOUNCEMENT

MAG/LTC

Due higher fees on BTC transactions, community reached out with a request for MAG/LTC pair on coinexchange.io
CE reacted fast and here it is!
https://www.coinexchange.io/market/MAG/LTC


OFFICIAL POOL NEWS

In order to provide a better service and mining experience. We are now in the process of updating the pool software for magnetpool.io so miners currently connected to our existing pool stratum will lose connection.
We will post an announcement once the update process has completed and instructions on how to connect your miner to the new software which will be available on http://magnetpool.io
Payments will be made to all miners on existing stratum ports after the last connection is dropped.

nicee

[madcow1713]

super cool on the Pairing. That will drive support.

[DudeNamedSteve]

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

OFFICIAL ANNOUNCEMENT

MAG/LTC

Due higher fees on BTC transactions, community reached out with a request for MAG/LTC pair on coinexchange.io
CE reacted fast and here it is!
https://www.coinexchange.io/market/MAG/LTC


OFFICIAL POOL NEWS

In order to provide a better service and mining experience. We are now in the process of updating the pool software for magnetpool.io so miners currently connected to our existing pool stratum will lose connection.
We will post an announcement once the update process has completed and instructions on how to connect your miner to the new software which will be available on http://magnetpool.io
Payments will be made to all miners on existing stratum ports after the last connection is dropped.

nicee

Nice value add. The fee issue settled down, but the more pairs the more market share. Way to go!

On another topic, https://imgur.com/a/K3SkI
The official pool has been down for some time. My backup pool just paid out, alerting me something was up.
No machines can connect, two sites, so it's the main pool. Is there cloudflare, this a ddos?

Awesome coin. Hope we can help alert the right folks!

[bitChipper]

The MN Manager app has now been released in Beta for Android!
Current version provides the same functionalities as the online check tool (www.magnetwork.io/checkmn/) for masternodes.

Features
 - search and create custom list for masternodes you own
 - check real-time network statistics
 - browse the explorer for any masternode on the network

Upcoming
 - iOS release
 - real-time masternode reward notifications
 - more data monitoring options


READ MORE ABOUT THE RELEASE - http://magnetwork.io/2018/02/17/we-are-live-on-google-play/

This is a good sign, probably more development like this to come. An app like this doesn't surprise me givin the experience of the development team.

Still thinking that at these prices MAG could be a good buy, the spike the other day from ~2800sats to +4000sats kind of confirms that, someone scooped up some masternodes there for sure.

[DudeNamedSteve]

No comments about the official pool being offline for two days now?

Update: they posted about it on their Twitter. New pool is live. Disregard. Thanks for good updates Dev team, sorry to have missed them.

[DudeNamedSteve]

No comments about the official pool being offline for two days now?

Update: they posted about it on their Twitter. New pool is live. Disregard. Thanks for good updates Dev team, sorry to have missed them.

There was also a pool news 4-5 posts before Yours  

...and yes - usually twitter is the fastest place for updates!

You're spot on, end user issue
Keep up the great work man.

[blockonomy]

Great. dev very hard work

+1 

[iuhkymt]

https://i.imgur.com/jp6SPI1.png

MN Manager Update 1.05

- Added reward notifications.
Add your masternodes to favorites to receive real-time notifications on your mobile for PoW and PoS rewards.
- Network estimates are now updated every 24h and averages calculated based on historical data (no extrapolation).
- Fixed an issue with back button reloading the app.

Enjoy! Feedback welcome.

Wow, cool. How about it's real ROI for Magnet Masternode operations?

[blockonomy]

MN Manager Update 1.05

- Added reward notifications.
Add your masternodes to favorites to receive real-time notifications on your mobile for PoW and PoS rewards.
- Network estimates are now updated every 24h and averages calculated based on historical data (no extrapolation).
- Fixed an issue with back button reloading the app.

Enjoy! Feedback welcome.

Wow, cool. How about it's real ROI for Magnet Masternode operations?

The current averages (in-app) are calculated from rewards earned on previous day, unless major network change these results are very close to expectations. We will also add detailed statistics pertaining to single masternodes in upcoming updates. More annouce will be made, stay tuned.

[bitChipper]

MN Manager Update 1.05

- Added reward notifications.
Add your masternodes to favorites to receive real-time notifications on your mobile for PoW and PoS rewards.
- Network estimates are now updated every 24h and averages calculated based on historical data (no extrapolation).
- Fixed an issue with back button reloading the app.

Enjoy! Feedback welcome.

From last year I remember there only being around 30 masternode coins on masternodes.online....now there are like 130..so it seems like this masternode coin craze is getting to the point of being over saturated, I couldnt find any other coin that has an app like this so its good to see yall active and trying to bring something unique to magnetwork. Great job, im interested to see how the fork will play out this year.

[klucho]

Windows wallet looks really bad on virustotal
https://www.virustotal.com/#/file/39bda1ff32766967ef7d8dc2b9e679b04a4e03314d07f1c527dc5abd7f1c9711/detection
AhnLab-V3 Trojan/Win32.IRCbot.C2268319
CAT-QuickHeal Trojan.BitcoinMiner
Endgame malicious (moderate confidence)
Kaspersky  not-a-virus:RiskTool.Win32.BitCoinMiner.iscy
McAfee  Artemis!1769CC786572
McAfee-GW-Edition  Artemis
nProtect Trojan/W32.IRCBot.31049728
Qihoo-360 Win32/Sorter.AVE.CryptLocker.HY
Sophos AV Generic PUA MC (PUA)
TrendMicro-HouseCall Suspicious_GEN.F47V0131
ZoneAlarm not-a-virus:RiskTool.Win32.BitCoinMiner.iscy