Topic: [ANN][MAG] MAGNET - GOES STELLAR - More in description / magnetwork.io - page 45. (Read 83023 times)

Masternode is running, I will see if it's working during the next 24 hours.

Hi! Also there was such a problem. The complete reinstallation from scratch helped.

Hi everyone,

As stab, I created a MAG masternode on Linode (same configuration than Vultr with 1CPU, 1GB RAM (with swap) for 5$).
I follow the setup guide and it's work, I see "online" on "masternodes monitoring tool", but after a few hours, the masternode become expired.
If I start again the masternode with the wallet, it's ok, but a few hours later, again "offline / expired".

Do you have ideas in order to find where is the problem?
To be sure I disable the firewall for now.
Thank you!

The calculation is 8500 * 7% annual returns from staking (595 mag) so a rate of 1.6 MAG daily.
The formula uses coin-day unit so it is almost a guaranteed return despite the PoS mining randomness as each day without win adds a multiplier (up to 48 days).
I would however agree that for a 1.5K additional investment, a masternode would produce greater returns on that amount.

Happening in spikes so looks more environmental that linked to the process itself.
How is your firewall setup? (I'd recommend you disable everything and only open up 17177 if not already)\
Also maybe worth enabling DDOS on that box (Vultr has an option), would be cheaper than upscaling the VPS.
Hope this helps.

Good day!
I have one problem with masternode setting. I use VPS wich I have bought here vultr.com. At first I have started with $5 VPS (25GB SSD, 1 CPU, 1024MB Memory), as I could see later, this CPU is not enough for masternode and it always fall down. I have upgrade my VPS to 60GB SSD, 2 CPU, 4096MB Memory, and still get overloaded CPU, but it is pretty powerful processor.


Can you help me to solve that?
Thanks!

OFFICIAL ANNOUNCEMENT

We have now updated the wallets to 1.3.0. This is a major MANDATORY update, please read attentively.

IMPORTANT NOTES
As voted by our community on Discord (join fork_voting channel to see results), we are implementing a hard fork at block 145000 (in about 7 days) to address masternode payments. It is highly recommended that you update your wallets, node and masternode software now to prevent any issue and service interruption.

SECLUDED BLOCK PAYMENTS
From height 145000, the consensus will verify that Proof-of-Work blocks include at least 2 outputs of which one pays for 50% of total outputs (a tolerance of 1 CENT is allowed either way). The maximum amount rewarded is still determined through previous consensus rules.
Any block not adhering to the above new rule will only be accepted if the total output amount does not exceed 25% of the current Proof-of-Work maximum reward. This allows secluded Proof-of-Work miners (no connection to masternodes) to still broadcast blocks but will prevent the unfair advantage of collecting the entire coinbase reward while also incentivizing them to work with masternodes and maximize their mutual profits (X2).
Additionally, for preparing the work on our blockchain-based solution (payment enforcement through smart contracts), we added an option which allows a node to gather depth data statistics on payments when enabled.

ADDITIONAL UPDATES
- fixed unlock issue with wallet password (staking only).
- performance improvements (Windows GUI CPU).
- configuration files are now accessible through menus.

LINKS
Github source: https://github.com/magnetwork/magnet
Wallets: http://magnetwork.io/#wallet
Guidelines for Fork: http://magnetwork.io/2018/01/26/upcoming-fork-impact-and-guidelines/

I don't think those numbers are correct with staking, also at 8500 MAG you should just go ahead and buy the addition 1500 and
get a masternode at 10k Mag.

With a masternode after you set it up following guides in discord you will be making on average ~85 Mag per day. Good luck

So it means if I stake 8.5k it will give 1MAG/day, so with the 8.5K I will earn 30MAG/Month. Damn I am buying more. Thanks for this information.

So it means if I stake 8.5k it will give 1MAG/day, so with the 8.5K I will earn 30MAG/Month. Damn I am buying more. Thanks for this information.

Magnet coin is great! Are you experienced? The coin is very powerful in staking: I stake with 850 MGN and I earn 0.1 MAG/days. I want to buy more today on https://www.coinexchange.io/market/MAG/BTC - it's quite underrated, but must have a future. Thanks and Hodl Magnet! 

Magnet coin is great! Are you experienced? The coin is very powerful in staking: I stake with 850 MGN and I earn 0.1 MAG/days. I want to buy more today on https://www.coinexchange.io/market/MAG/BTC - it's quite underrated, but must have a future. Thanks and Hodl Magnet!