It's getting slightly easier to spot scam coins now, good job!
Topic: [ANN][MAG] MAGNET - GOES STELLAR - More in description / magnetwork.io - page 94. (Read 83023 times)
November 14, 2017, 03:17:35 PM
I'm glad to see the community is smarter now. First posts immediately pointing out the large block height and hash.
It's getting slightly easier to spot scam coins now, good job!
It's getting slightly easier to spot scam coins now, good job!
November 14, 2017, 03:06:59 PM
too bad linux wallet binary is broken...uses dynamic libs.
unable to easily build from source either; I've built plenty of wallets.
Too much effort required...giving up on this one.
unable to easily build from source either; I've built plenty of wallets.
Too much effort required...giving up on this one.
November 14, 2017, 02:25:25 PM
This stories that we need 25 MN's to secure network is plain stupid. Miners will make their own nodes and secure network, we dont need your 25 that will take our rewards and you still have huge premine. So basicaly you are also taking all profit from miners that want to be fast and make their masternodes as soon as possible.
November 14, 2017, 02:22:10 PM
Bounty !!!!!!! 
November 14, 2017, 02:20:47 PM
I want to Bounty program.
November 14, 2017, 02:18:54 PM
Give the dev a break
Good luck with project dev
Exactly, I'm sure it's simple miss-understanding. The dev shows good intentions and i'm gonna give him the benefit of the doubt. Good luck with project dev
November 14, 2017, 02:16:16 PM
So block reward is 100 now - developer's masternodes are getting 50% reward from each block. Really bad launch.
November 14, 2017, 02:14:40 PM
Give the dev a break
Good luck with project dev
Good luck with project dev
November 14, 2017, 02:08:59 PM
OFFICIAL ANNOUNCMENT
We fixed the premine problem.
Claim to be "no premine" was removed from the ANN thread.
We are sorry for the misinformation. Our intention was to come out with a proper and tested mainnet where we can develope on.
Magnet Network was running 10 days before the ANN so we can test out the MN payments, how the network holds up to the biggeer mining power etc.
Most of the mined coins (around 1.8 millions) will be the basis for trading on exchange. Without anybody selling there cannot be any trading going on at the start.
There will be no massive dump and running from the project. Soon there will be a proper website with more info how and what will happen in the future.
Until then happy mining for the early birds!
We fixed the premine problem.
Claim to be "no premine" was removed from the ANN thread.
We are sorry for the misinformation. Our intention was to come out with a proper and tested mainnet where we can develope on.
Magnet Network was running 10 days before the ANN so we can test out the MN payments, how the network holds up to the biggeer mining power etc.
Most of the mined coins (around 1.8 millions) will be the basis for trading on exchange. Without anybody selling there cannot be any trading going on at the start.
There will be no massive dump and running from the project. Soon there will be a proper website with more info how and what will happen in the future.
Until then happy mining for the early birds!
just check the pool.... all 0 shares for those solo miners!
November 14, 2017, 02:07:53 PM
Code:
-a x11 -o stratum+tcp://mnpool.net:3533 -u YOURWALLET -p c=MAG
November 14, 2017, 02:05:21 PM
360G/H, ,,,, dev mining this with professional rigs or what ?
Why not just premine, and leave chance to more solo miners ?
Why not just premine, and leave chance to more solo miners ?
November 14, 2017, 02:04:15 PM
OP says "No Premine"
Already at block 9900+ and 250 GH/s. Minutes from launch.
Scam.
too bad, liked the ANN at first..Already at block 9900+ and 250 GH/s. Minutes from launch.
Scam.
and out of the blue the ANN title was changed ! lol
November 14, 2017, 02:03:00 PM
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.
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.
I don't want to argue, but I think that "no premine" means fair start from 0 block. There is 250k genesis block and almost 10k blocks instamine, so be honest - delete "no premine" from announce.
Anyway good luck and bye, I am out.
November 14, 2017, 02:02:24 PM
WE NEED MORE POOL
November 14, 2017, 02:02:06 PM
LOL, how does a HERO member on Bitcointalk not understand how this works?
I will say, at least he's a honest about dumping over 1.9M coins once exchange hits..
I will say, at least he's a honest about dumping over 1.9M coins once exchange hits..
Quote
Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.
I think account sales are allowed on BitCoinTalk. I don't know if it's a bought account (I have no reason to think it is), but you can easily imagine that the account rank possibly has nothing to do with the level of knowledge about Crypto.
November 14, 2017, 01:59:13 PM
Super clueless... disappointed. Had a really good looking ANN then you drove it right off a cliff
November 14, 2017, 01:57:37 PM
We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.
Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.
Why are you so stupid. You make nice looking wallet, you have decent looking ANN and seems like you know ur stuff, but obviously you are idiot. If you say premine then on launch we start from block 0. ALso you have 250k coins and will make 25 MASTERNODES so you will reduce profits of every investor by A LOT.
And what is nicehash port?? wtf is this, not everyone have asics.
I think if the dev is really serious in bringing this project on the table, he will answer the above statement in a diplomatic way, in which, the reason behind doing such act will be reasonable here.
Maybe just transparency is needed to gain his loyal supporters so as not to receive accusations from left to right. And maybe thru time, he will prove that his coin is worth mining.
November 14, 2017, 01:57:08 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.
How much premine? Node for sync?
November 14, 2017, 01:56:01 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.
November 14, 2017, 01:53:41 PM
OP says "No Premine"
Already at block 9900+ and 250 GH/s. Minutes from launch.
Scam.
Already at block 9900+ and 250 GH/s. Minutes from launch.
Scam.
We have been setting up the masternodes (and actually still are) for the network to be stable from the start. This is the standard procedure for setting up networks.
The same goes for the hashrate - this is needed for the network to be safe from outside attacks.
Most of the coins that were mined during testing the mainnet period will be sold cheaply on the exchange once its established.
Why are you so stupid. You make nice looking wallet, you have decent looking ANN and seems like you know ur stuff, but obviously you are idiot. If you say premine then on launch we start from block 0. ALso you have 250k coins and will make 25 MASTERNODES so you will reduce profits of every investor by A LOT.
And what is nicehash port?? wtf is this, not everyone have asics.
+9900 blocks * 200 = 1 980 000
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