Ninjastic
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Re: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io
by
blockonomy
on 30/01/2018, 23:07:56 UTC
Quote from: bitChipper on January 30, 2018, 08:05:09 PM
Quote from: MOProgress on January 30, 2018, 09:30:01 AM
Quote from: HendrixJimi on January 29, 2018, 12:39:42 PM
Magnet coin is great! Are you experienced? The coin is very powerful in staking: I stake with 850 MGN and I earn 0.1 MAG/days. I want to buy more today on https://www.coinexchange.io/market/MAG/BTC - it's quite underrated, but must have a future. Thanks and Hodl Magnet!  Wink

So it means if I stake 8.5k it will give 1MAG/day, so with the 8.5K I will earn 30MAG/Month. Damn I am buying more. Thanks for this information.

I don't think those numbers are correct with staking, also at 8500 MAG you should just go ahead and buy the addition 1500 and
get a masternode at 10k Mag.

With a masternode after you set it up following guides in discord you will be making on average ~85 Mag per day. Good luck
The calculation is 8500 * 7% annual returns from staking (595 mag) so a rate of 1.6 MAG daily.
The formula uses coin-day unit so it is almost a guaranteed return despite the PoS mining randomness as each day without win adds a multiplier (up to 48 days).
I would however agree that for a 1.5K additional investment, a masternode would produce greater returns on that amount.