Topic: [ANN][MGN] | 🚀MAGNA COIN🚀 | MASTERNODES | ZEROCOIN | ATOMIC SWAPS [ANN] - page 21. (Read 23947 times)

A new wallet update with nodes-vps.com compatibility  is in the process of being done. We are in contacts with a high profile 32,000 follower Twitter account to help spread the word of Magna. Over the coming weeks, we  plan on doing random airdrops over social channels  so I advise everyone to join the slack and discord.

What's going on in the project 
What's the plan for outreach on socials 

Yup. Coin earnings are great when you get in early!

While there are not huge technology changes,  the fact each block is small at 15 coins going down to 10 in less than 90 days should allow the supply to stay relatively low and avoid massive oversupply.

Dev, did coinexchange give you an anticipated date of listing?

This looks like a short-term project, the block reward is higher in the first several months, and they list their coins on some small exchanges which is known to be listed easily. Although this coin combines the masternode and zero protocol, but nothing really new to our society. I am sorry for the negative comment.

for everyone struggling on how to make their POS work. this is how i fixed my problem:

1. make sure that you have coins that are old enough for staking. not sure about how old the coins should be but im guessing about 3 hours
 since the Min stake age is 3 hours. you can verify this by turning on coin control on options then going to send and selecting inputs. there should be a date column there to verify how old your coins are.

2. once you have verified that you have coins that are old enough. close the wallet then open it again. then before it synchronizes completely unlock the wallet for staking. this was the only i could enable my staking. if i unlocked the wallet after it synchronizes completely the staking doesnt start.

hope this works for you guys. happy staking . . . 

can't really answer your first question since im not running my masternode on linux, im using windows. but you should be able to access the debug console once you open the magna wallet. not sure..

about your question about the port. yes you should put the port behind the IP. i personally don't use the bind command since it makes the wallet crazy in windows. haha

hi dev, can you tell me about youre coin for the future ? i interesting with this and i will keep my eyes on you, thanks

maybe someone can help me.
I want to run a masternode.
I guess that I´ve set up the wallet+config file on my primary computer correctly.

I´v running a VPS with Ubuntu as well. I would say that my setting should be okay, but when I try to start masternode by using my primary computer I get the following message:
"Failed to start masternode. Invalid IP address"

Any ideas?

the only thing I didn´t was to start the masternode on the VPS. Do I have to start the masternode directly on the VPS or should I be able to start it on my primary computer?
Thats what is written in the masternode quick guide, but I don´t know how to open debug console on my VPS...

9. To start running the Masternode, inside Masternode Server MGN wallet, enter the debug console and type this command: masternode start-alias alias


and another question:

Do I have to put the port behind the IP address. xx.xx.xxx.xxx:57821?

Inside Masternode Server, navigate to MGN data directory, default area (for Linux) is ~/.mgn, and edit mgn.conf to show this:

rpcuser=randomUsername
rpcpassword=randomPassword
rpcallowip=127.0.0.1
listen=1
server=1
daemon=1
logtimestamps=1
maxconnections=256
masternode=1
externalip=xx.xx.xxx.xxx:57821
bind=xx.xx.xxx.xxx:57821
masternodeaddr=xx.xx.xxx.xxx:57821
masternodeprivkey=yourMasternodeGenKey

replace rpcuser and rpcpassword with your own secure values.

I think this is a very good coin for everyone trying out masternodes.
the price is still very cheap and the earnings is good plus setting up the masternode is very easy.

yea, node works good! Waiting for the good price!

earned 146 coins in 24 hours. not bad 

MagnaCoin is available on LycheeBit.
23 blocks have been found last 24 hours : http://www.lycheebit.com/site/block?id=2029

No registration is needed :

• Stratum  : lycheebit.com:4033
• User     : YOUR_MGN_ADDRESS
• Password : c=MGN

• Website  : http://www.lycheebit.com/
• Payout   : Every hour
• Fee      : 1.00 %

Example of CCMiner command line :

Peers list :


Happy mining

How i can swap itcan u say for me?

They are trying to keep active, i think we should patient now because they can't do everything in just 1-2 day.

Not really nice to assume chain splits when people say it has nothing to do with Amazon since they tried various hosts. Especially not nice when there is no chain explorer for the coin so one cannot check the transaction to see if it  checks out and the problem in on developer's side.

That's how it works. Regardless of coin amount in the entry that generated POS reward the whole entry goes to maturing for the new cycle.

the same feeling...Hope dev will start active work with coin promo.

we will add magnacoin to node-vps.com - when we can compile it. - so, tomorrow looks like the day it will be added

Hello all, I'd like to address some of the issues people have been having with their wallets. Some node holders have been experiencing issues associated with random chain splits. This has led to the mining of orphan blocks, which do not generate valid rewards. I  assumed the problems  people were having was a consequence of the chain getting confused from the rapid addition of new masternodes. In actual fact, the problems stem from using Amazon Cloud servers. I don't know why, but there appears to be network issues when using Amazon servers. I strongly advise using vultr as a reliable and cheap alternative. Secondly, I suggest people run the node on a proper Linux server and keep it separate from the windows wallet.


Also, with regards to https://node-vps.com/web/, a new wallet update is being released tomorrow which will make the code compatible. So stay tuned

I like where things are going. Rewards are relatively low per block which should drive the price nicely. Dip today gave me a chance to a bunch of coins at a low risk price...