MAGNETX11 POS/POW+Masternodes
Our network is designed so anyone can benefit from holding and supporting the coin.
Magnet will be mining oriented. We strongly believe mining plays crucial role in cryptocurrencies and in their security.
We will find a way to run own miners on solar power efficiently and direct our resources at researching the solar-mining tech.
Name: MAGNET
Ticker: MAG
Algoritm: x11
Type: Hybrid POS/POW
Both running forever after coin has matured
Blocktime: 90 sec per block
MasternodesRequirement: 10 000
Masternode Rewards: 50% of the mining rewards
POSYearly interest: 7%
Min. Staking Age: 24 hours / 960 confirms
Max. Staking Age: 48 days
POWBlockreward: 200
Blockreward Halving: every 360 000 blocks
Total coins: 144 000 000
250 000 MAGs was extracted in first block for setting up healthy amount (25) of Masternodes before going public.
This is needed for network safety and all future rewards are used to sustain the network.
Mainnet was run 9 days before the official [ANN] to test out masternode behaviour and network strenght.
To Access Magnet Wallet Data FolderWin Locate folder %Appdata%/Magnet
LinuxCtrl+H in Home folder should reveal .magnet folder.
If not - start the wallet and close to create it.
-
Close wallet and open magnet.conf file from data folder.
Paste following code in magnet.conf file.
rpcallowip=127.0.0.1
rpcport=17179
rpcuser=INSERT_YOUR_OWN
rpcpassword=INSERT_YOUR_OWN
server=1
daemon=1
listen=1
staking=1
port=17177
debug=all
addnode=35.195.167.40:17177
addnode=35.199.188.194:17177
addnode=104.196.155.39:17177
addnode=35.197.228.109:17177
addnode=35.198.35.45:17177
addnode=35.197.145.93:17177
addnode=35.199.1.114:17177
addnode=35.201.4.254:17177
addnode=35.188.240.39:17177
addnode=35.199.48.8:17177
addnode=146.148.79.31:17177
addnode=104.196.202.240:17177
addnode=35.195.122.245:17177
addnode=35.198.82.29:17177
addnode=35.200.247.198:17177
addnode=35.200.22.69:17177
addnode=35.201.14.20:17177
addnode=35.198.23.18:17177
addnode=104.199.194.138:17177
addnode=35.185.189.143:17177
Save and re-open the wallet for network syncing.
Source CodeGitHubSlackhttps://magnetworks.slack.com/Slack InviteFor technical attention and problem solving join slack and find a way to #techsupport channel
Twitterhttps://twitter.com/magnetwork_ioMagnet Mining Poolhttp://magnetpool.io:8080/stratum+tcp://magnetpool.io:3000
MAGNET will soon be available on www.coinexchange.iowww.magnetwork.io