http://magnetwork.io/ANNimg/magnetLogoSL.png

MAGNET
X11 POS/POW+Masternodes

http://magnetwork.io/ANNimg/ov.png

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 our own miners on solar power efficiently and direct our resources at researching the solar-mining tech.

http://magnetwork.io/ANNimg/specs.png

Name: MAGNET
Ticker: MAG



Algoritm:  x11
Type: Hybrid POS/POW
Both running forever after coin has matured

Blocktime: 90 sec per block

Masternodes
Requirement: 10 000
Masternode Rewards: 50% of the mining rewards

POS
Yearly interest: 7%
Min. Staking Age: 24 hours / 960 confirms
Max. Staking Age: 48 days

POW
Blockreward: 200
Blockreward Halving: every 360 000 blocks


Total coins created when matured: estimate 144 000 000 coins


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 strength.

http://magnetwork.io/ANNimg/wallets.png

http://magnetwork.io/ANNimg/winWallet.pnghttp://magnetwork.io/ANNimg/macWallet.pnghttp://magnetwork.io/ANNimg/linuxWallet.png

We have now updated the wallet so the seeds initialization is automatic. The wallet will first connect to our DNS seeds initializers to discover active nodes then fallback to a list of hardcoded nodes should it fail.
Note that the process may take a few minutes to initialize and start syncing but is now fully automated.

---

To Access Magnet Wallet Data Folder

Win
Locate folder %Appdata%/Magnet

Linux
Ctrl+H in Home folder should reveal .magnet folder.
If not - start the wallet and close to create it.

Mac OS X
Alt(Option) + Finder > GO > Library.
When the Library opens find Application Support > Magnet

-

Close wallet and open magnet.conf file from data folder.
Paste following code in magnet.conf file.


Save and re-open the wallet for network syncing.

http://magnetwork.io/ANNimg/contact.png

Source Code
GitHub

Slack
https://magnetworks.slack.com/
Slack Invite
For technical attention and problem solving join slack and find a way to #techsupport channel

Twitter
https://twitter.com/magnetwork_io

Discord
https://discord.gg/EtEGyEn

Explorer
http://explorer.magnetwork.io/

Magnet Mining Pools
OFFICIAL
http://magnetpool.io:8080/
stratum+tcp://magnetpool.io:3000
OTHERS
http://miningpool.shop

Masternode Setup Guide
DOWNLOAD

Tool for checking on Your masternode
http://magnetwork.io/checkmn/



MAGNET is now available on www.coinexchange.io


www.magnetwork.io

http://magnetwork.io/ANNimg/magnet-80.png