Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io
by
hta
on 24/01/2018, 19:56:47 UTC
BUYER BEWARE

As most any that has a Magnet Masternode has noticed, there has been a giant decrease in the amount of MN rewards being received.
Well I solved the mystery and Dev has yet to fix the issue.

In this POW/MN system, the block reward should be split 50/50, but Malicious miners with modified code have been able to steal all 100% of block rewards using a modified client. Most anyone with a Magnet MN will tell you that around the 17th of Jan rewards stopped flowing in. well here are some address that would explain such a event.

http://35.202.4.153:3001/address/MqKNXBYjeFXiGUXG1FWrhXnhvc6rpTMmTH
http://35.202.4.153:3001/address/McLNfUNcDcHgSL1JNzjgTivXcL4RnmsWxw

I won't go into detail as to how the code was modified but know that I may have found 3 more address doing the same.

Proceed with Caution.

Well, I have a MN and I received 5 rewards of 100 MAG each, starting from 19th, so I am not sure what you discovered but whatever it was, the developer must have fixed it.

No the developer has not fixed it. Some people are still getting rewards during  Malicious miners downtime. Dev stated themselves that they were aware of issue but chose not to disclose.
I invested and invested in MAGS at a cheap price, and now MAG's prices have dropped by more than 60% and my MN is not rewarded, DEV hides the problem. cross it (and force people to lift the Hash up high to eliminate the hacker, how funny, how lifted when I exploit the rewards of only 50% hackers, and I also no money to invest MAG ). Maybe I was wrong to believe in this coin