Post
Topic
Board Announcements (Altcoins)
Re: [ANN][MAG] X11 POS/POW+Masternodes MAGNET / magnetwork.io
by
bitChipper
on 14/03/2018, 21:43:44 UTC
I agree, the project is underestimated.... But will it be possible to change the situation over time?

yes

since late last year magnet has been exploited by big miners who institute their own parameters and block masternode payments, if your running a masternode right now the rewards are decreased dramatically because of this...the developers/community have been searching for a fix

but it shows that their are miners out there with big wallets who are interested in this coin and are willing to expend alot of resources to get alot of MAG.....alot of people on discord have been praising this but on the contrary it could be bad for the market in the future..

overall Mag is still a good masternode coin with committed development and long term holders, the price action really represents an overall bear trend in masternode coins in general plus the constant exploit of these miners.

in price relative to bitcoin i think and hope 1300-1500 sats is the floor

You see it depend. If some miners decide to stop mining it because it seems not really profitable, difficulty and global hashrate will drop meaning it will be more profitable to those big wallet miners who will jump in again and dump again. The price will drop further if you smaller miners decide to stop and move on to another coin.

Yup good point, we will have to see how it pans out, its been a shared frustration between all the masternode operators yet total masternode count seems to be increasing, but at this point it almost makes more sense to stake if you have multiple masternodes.