Topic: [ANN][MGN] | 🚀MAGNA COIN🚀 | MASTERNODES | ZEROCOIN | ATOMIC SWAPS [ANN] - page 30. (Read 23947 times)

guys, the developer has nothing to do with it. I put it on my nicehash pool. Decreased speed, you can soon get blocks)))

1. We are not staking 2 million MGN. The main pre-mine wallet has been disabled for pos. In actual fact we are staking a fraction of coins from secondary wallets. The staking is done to strengthen the network. Read the ANN and you can see that any coins gained from the pre-mine will be burnt once the network is strong enough.
2. All of the rewards from developer masternodes are getting burnt.The only reason they are running is to create network stability. Read the ANN.
3. The coin is not supposed to be mined. The 70/30 split was put in place to discourage people from mining.
4. People can stake, so I don't know what you're talking about.
5. 1000 satoshi is a very modest price. Under $200k market cap, which is considerably lower than other coins offering similar features.

Congrats

I minig a solo on Radeon Vega 56 and you are all losers 

Height
2923
Size
189
Number of Transactions
1
Value Out
0.00000000 MGN
Fees
0.00000000 MGN
Generated
14.85000000 MGN
Timestamp
2017-11-23 03:14:45
Difficulty
1493.3314
Bits
455860886
Nonce
2146116467
Version
3
Hash
0000000000111e01b2f42fca23d815729c3569fc8ff5085481919e9ade2513eb
Merkle Root
f361cc8e8f522f3457833d38b22f84d38dc8455aaf96ac0539d44837f0002227


Block 2923. POW (!)
Who has found?

You haven't incentivized anything other than paying you to obtain a suitable amount of coins. PoW is showing minuscule rewards provided they stay long enough to actually find a block.

What you have here is an ICO scam in a fair launch costume.

Somebody is getting all the blocks and it aint the public pool...

Hello DEV.
I sent pm.

I think many are assuming the devs have a super strong mining rig, making it impossible for others to mine. The reality is that the 70/30 split is in place to deincentivise pow.

Anybody have 75Gh/s I can borrow so I can get 10 of these bad boys?

The master node will also take 70% of each mined block. So you forgot to say that the Dev will take 70% of all miners work and that is if they can ever find a block. 2.7 GH/s on public pool showing 44 minutes to find a block

So for now you have.

1. YOUR already staking 2000000 MGN. (about 100+ coins by POS block)

2. YOUR working masternodes.

3. YOUR mined 1400+ POW blocks.

Community have.

1. No POW mining.

2. No staking.

3. Can buy you coins for 1000 sat for 1 coin.

Good job.

Still not a single block on public pool...

Firstly, there was never a private mining pool. The large hash rate was a result of network overload from staking, which is completely normal. It clearly states in the ann that all of the rewards gained from staking and masternodes from devs would be burnt once there were 70 active nodes running. The only reason we are staking is to increase network stability. With a pre-mine already it would be irrational to create baseless FUD through use of a private mining pool.

You've effectively made it PoS/MN where the only way to accumulate a sufficient amount of coins is by purchasing them directly from you.

Also, I hope you know that saying it's not an ICO doesn't make it not an ICO.

For reference: "In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies"

You may want to go back and relabel this post before a moderator removes it.

we do not intend to keep this coin as pow, this is going to be pure pos soon

NiceHash(xxxGH/s) was solo mining.
We can not mine 1coin.

Coin-name is good, but the algorithm is shit.

for those who are actually willing to read, this is working on pos now, there is no private pool and miner,

here is the proof

2017-11-23 00:01:52 CreateNewBlock(): total size 1000
2017-11-23 00:01:52 CPUMiner : proof-of-stake block found bb86d085f7832996e36bbb                                                                                                                                                             72560ec12266b42524f01cacb8440a4e262bfe9510
2017-11-23 00:01:52 CPUMiner : proof-of-stake block was signed bb86d085f7832996e                                                                                                                                                             36bbb72560ec12266b42524f01cacb8440a4e262bfe9510
2017-11-23 00:01:52 CBlock(hash=bb86d085f7832996e36bbb72560ec12266b42524f01cacb8                                                                                                                                                             440a4e262bfe9510, ver=3, hashPrevBlock=0000000000196ce4c8578ab901bec9e6dd3247448                                                                                                                                                             018fdcb0b607afb419f1149, hashMerkleRoot=ef3639c5d3cf89c509742706d5aaf43e36cd8e0d                                                                                                                                                             29c3458439560f70014f7620, nTime=1511395342, nBits=1b2dc7c7, nNonce=0, vtx=2)
  CTransaction(hash=1120d93a8b, ver=1, vin.size=1, vout.size=1, nLockTime=0)
    CTxIn(COutPoint(000000000000000000000000000000000000000000000000000000000000                                                                                                                                                             0000, 4294967295), coinbase 025b0b0101)
    CTxOut(nValue=0.00000000, scriptPubKey=)

  CTransaction(hash=7a2233063a, ver=1, vin.size=1, vout.size=3, nLockTime=0)
    CTxIn(COutPoint(05fb94625abe30da1f81b0c5e89d9602d31049ae82b45cf40f033f3375c4                                                                                                                                                             0200, 1), scriptSig=30450221008415d0a96a08a5)
    CTxOut(nValue=0.00000000, scriptPubKey=)
    CTxOut(nValue=19.89792000, scriptPubKey=02ad70bf00191dfad0b973892300e6)
    CTxOut(nValue=9.80000000, scriptPubKey=OP_DUP OP_HASH160 3bf784a03976)

  vMerkleTree:  1120d93a8b35deffa96b6dcb25493815b574ff0f55c8e86edbdcc0f63dda0110                                                                                                                                                              7a2233063a7508f9508073b543650eb480e655822d256f03be7919bd4b0b0d11 ef3639c5d3cf89                                                                                                                                                             c509742706d5aaf43e36cd8e0d29c3458439560f70014f7620

By the way.

75 Gh/s is 7.5 Baikal Giant x10 ASIC.

Good hardware to test how net works