Topic: [ANN][MAG] MAGNET - GOES STELLAR - More in description / magnetwork.io - page 69. (Read 83023 times)
December 08, 2017, 11:35:06 AM
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
December 08, 2017, 10:52:08 AM
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
i guess value of magnet coin will rise about 60% within a next month
December 08, 2017, 04:45:06 AM
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 December 08, 2017, 04:32:05 AM
Good jobs dev
I think this is good network.
Thank you!
I think this is good network.
Thank you!
December 08, 2017, 04:03:42 AM
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. December 08, 2017, 04:01:07 AM
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?
December 07, 2017, 08:44:26 PM
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
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.
December 07, 2017, 07:06:55 PM
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.
December 07, 2017, 04:42:02 PM
Quote
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
December 07, 2017, 04:32:10 PM
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
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!
December 07, 2017, 02:45:32 PM
Quote
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?
December 07, 2017, 10:49:59 AM
Developer! Why is a day only once 100 coins came in and the rest of the trifle 0.0000...well Written and on the website 195 coins per day , and 331 mnrank coin per day.And there really is 100 coins only! 
PoW = 200 Mag so masternodes receive 100 Mag when they win PoW.
PoS = coin-day * 7% / 365 so masternodes receive X Mag depending on the staking amount.
The screen above shows that your masternode received 5 rewards. 4 of which are PoS and one is PoW. Now this is like flipping a coin, eventually you will end up with around 50% PoS and 50% PoW.
One more important thing, verify that you have disabled staking (staking=0) in your configuration file as this could potentially reset your rank and you would lose a chance at an actual PoW reward whenever your coin stake wins the block. PoS rewards are typically small as the network supply is still small too but we can easily see a day where staking rewards will outperform PoW rewards.
mnrank.com shows wrong data for Magnet. The reward is much lower (about half of what is listed there).
No wonder why the MAG price is sinking..
I wrote the listing script here http://magnetwork.io/checkmn and I made sure that the calculation displays correct average - it has always done so. You just did not bother to check it yourself. Now I understand you are frustrated because you got the wrong information from a 3rd party website, however there is a major difference between frustration and spreading lies for not checking our official pages.
Again, we have nothing to do with numbers displayed on MNRanks, I have no idea how they calculate their estimate and our official MN page shows an average that is not inflated (feel free to check the script!) hence the major difference between the 2 numbers.
Again here is it:
90 seconds per block = 960 blocks daily in average.
50% PoW, 50% PoS means 48000 MAG through PoW + INSIGNIFICANT_AMOUNT through PoS (my script entirely ignores this amount, how more fair can you be?).
You take this and divide by the number of masternodes and there you go, it gives you an average of earnings per masternodes.
YET, things to consider.
1) A very high standard deviation because the rewards vary from ~0 to 100 MAG. So you may see masternodes earning 400 MAG and others less than 1 MAG with yet an average of 200 MAG, we have been explicit about this - always.
2) The network conditions being constantly on the move, the arithmetic mean would not pretend to hold long enough to be practically observed.
Hope this ends the lies my friend.
December 07, 2017, 08:41:50 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
No, it makes no sense to buy again.. because of the "system" of 50/50 even those 200 MAGs are not sure..
I haven't received anything during the last 24h (other than the 0.023423432 transactions which mean almost nothing)
For me this coin is the worst in terms of MN. I'm happy I sold for a profit - this is because of the BTC price rise.
I bought at ~3000 USD and sold at ~$4000 plus ~3000 MAGs made in the first days, when it was profitable.
Just go check yourself - http://magnetwork.io/checkmn/
Take a random MN and see the rewards - for example:
http://35.202.4.153:3001/address/MbzGsNuYAsibJbDfnFmhQFcYNsGMPTdih9
Check the last two days: it's 100 or 200 MAGs total.
and because the "randomness" in choosing PoW/PoS you'll have great chances to receive nothing
I don't have a problem getting 100 MAG/week but the information to be accurate, and devs don't care about that.
So to be fair the right ROI/reward should be listed. This helps the coin itself, if people think they were fooled they will dump.
Actualy, it is a simple math, block generation is 90 sec. so you have 960 blocks in 24 hours. If you will divide them on 250 MN you will get ~3.8 block per MN. But recieving those 3.8 blocks depend from your luck. Its like mining. So it seems like mnranks are correct.
December 07, 2017, 06:58:59 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
No, it makes no sense to buy again.. because of the "system" of 50/50 even those 200 MAGs are not sure..
I haven't received anything during the last 24h (other than the 0.023423432 transactions which mean almost nothing)
For me this coin is the worst in terms of MN. I'm happy I sold for a profit - this is because of the BTC price rise.
I bought at ~3000 USD and sold at ~$4000 plus ~3000 MAGs made in the first days, when it was profitable.
Just go check yourself - http://magnetwork.io/checkmn/
Take a random MN and see the rewards - for example:
http://35.202.4.153:3001/address/MbzGsNuYAsibJbDfnFmhQFcYNsGMPTdih9
Check the last two days: it's 100 or 200 MAGs total.
and because the "randomness" in choosing PoW/PoS you'll have great chances to receive nothing
I don't have a problem getting 100 MAG/week but the information to be accurate, and devs don't care about that.
So to be fair the right ROI/reward should be listed. This helps the coin itself, if people think they were fooled they will dump.
December 07, 2017, 06:33:50 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
No, it makes no sense to buy again.. because of the "system" of 50/50 even those 200 MAGs are not sure..
I haven't received anything during the last 24h (other than the 0.023423432 transactions which mean almost nothing)
For me this coin is the worst in terms of MN. I'm happy I sold for a profit - this is because of the BTC price rise.
I bought at ~3000 USD and sold at ~$4000 plus ~3000 MAGs made in the first days, when it was profitable.
Just go check yourself - http://magnetwork.io/checkmn/
Take a random MN and see the rewards - for example:
http://35.202.4.153:3001/address/MbzGsNuYAsibJbDfnFmhQFcYNsGMPTdih9
Check the last two days: it's 100 or 200 MAGs total.
and because the "randomness" in choosing PoW/PoS you'll have great chances to receive nothing
December 07, 2017, 06:13:52 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
No, it makes no sense to buy again.. because of the "system" of 50/50 even those 200 MAGs are not sure..
I haven't received anything during the last 24h (other than the 0.023423432 transactions which mean almost nothing)
For me this coin is the worst in terms of MN. I'm happy I sold for a profit - this is because of the BTC price rise.
I bought at ~3000 USD and sold at ~$4000 plus ~3000 MAGs made in the first days, when it was profitable.
Just go check yourself - http://magnetwork.io/checkmn/
Take a random MN and see the rewards - for example:
http://35.202.4.153:3001/address/MbzGsNuYAsibJbDfnFmhQFcYNsGMPTdih9
Check the last two days: it's 100 or 200 MAGs total.
and because the "randomness" in choosing PoW/PoS you'll have great chances to receive nothing
December 07, 2017, 06:04:48 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
December 07, 2017, 06:03:16 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
lol, I had two MNs and I sold them both, one yesterday, one today
I'm just trying to issue a warning to check twice what mnrank is saying..
below the details of the transaction for the second MN
Status: 222 confirmations
Date: 12/7/2017 08:48
To: coinexchange Mxxxxxxx
Debit: -10001.00 MAG
Transaction fee: -0.05 MAG
Net amount: -10001.05 MAG
Transaction ID: xxxxxxx
And on coinexchange:
2017-12-07 08:31:07 sell 0.00002880 4030.82370234 0.11608772 0.00017413 0.11591359
2017-12-07 08:31:07 sell 0.00002905 5676.74692651 0.16490950 0.00024736 0.16466214
2017-12-07 08:31:07 sell 0.00002906 89.78391053 0.00260912 0.00000391 0.00260521
December 07, 2017, 05:54:27 AM
A note to those wanting to buy / set up MNs:
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
- the data on mnrank.com, masternodes.online is not correct - the ROI is not 1168.92% - 320 coins/day.
As per the discussion I had yesterday with the dev on slack, he admitted the data is not correct but (obviously) they do not plan to do anything about it, since it's good marketing (but actually a lie)
Dev said that http://magnetwork.io/checkmn/ lists is the correct reward, i.e. 189 MAG/day, but this also incorrect, because it is an average over several days and the number of masternodes increased significantly (now ~250). So creating an average for the last week is misleading because the current reward is much smaller.
Here is my statistics for my own node.You jump to your own conclusion, here is the data:
last 9 days - 3100 with an average of 344/day, but:
-over the last 3 days, MN received 400 MAG meaning an average of 133 MAG / day (ROI = 75 days, 486%/year vs 1186% listed on mnrank)
People are buying MAG thinking they will get 1186%/year but the real ROI is much lower.
Make a wise decision
yeah, Dont set up masternodes, because that man losing his MN rewards!He spent money for the MN and you will steal his profit if you will setup MNs!
December 07, 2017, 05:51:07 AM
Developer! Why is a day only once 100 coins came in and the rest of the trifle 0.0000...well Written and on the website 195 coins per day , and 331 mnrank coin per day.And there really is 100 coins only!
http://images.vfl.ru/ii/1512541557/78703406/19704022_m.png
http://images.vfl.ru/ii/1512541557/78703406/19704022_m.png
PoW = 200 Mag so masternodes receive 100 Mag when they win PoW.
PoS = coin-day * 7% / 365 so masternodes receive X Mag depending on the staking amount.
The screen above shows that your masternode received 5 rewards. 4 of which are PoS and one is PoW. Now this is like flipping a coin, eventually you will end up with around 50% PoS and 50% PoW.
One more important thing, verify that you have disabled staking (staking=0) in your configuration file as this could potentially reset your rank and you would lose a chance at an actual PoW reward whenever your coin stake wins the block. PoS rewards are typically small as the network supply is still small too but we can easily see a day where staking rewards will outperform PoW rewards.
mnrank.com shows wrong data for Magnet. The reward is much lower (about half of what is listed there).
No wonder why the MAG price is sinking..
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