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PROOF OF WORK, PROOF OF STAKE, MASTERNODES

About

Our network is designed so anyone can benefit from holding and supporting the coin.

Magnet is community oriented, but at the same time we are driven by our vision so the network is able to withstand the intensity and speed of how everything in blockchain technology progresses. In the first Year lot of our attention will go towards Magnet Wallet. User experience will be overall smoother and richer in features. Masternode owners will have more tools at their disposal. Added tutorials and documentation will bring clarity to users on all levels of experience. New wallet (MW2.0) features will make developing on the Magnetwork available for other developers. All the features will be implemented step by step to preserve maximum network security while opening up to new possibilties.

We believe mining plays crucial role in cryptocurrencies’ security in the future. We are currently researching into renewable energies and how to use them efficiently in the mining process. In time this research will grow into a platform for investing in renewable energy mining with scalable farm sizes. Green Investing part of our growing Magnet infrastructure is the youngest and will be available for the public in 2018. Our goals for the near future can be found  in the Roadmap section of our website.

MAGNET IS GROWING TO BE A TRANSPARENT AND ACCESSIBLE PAYMENT OPTION FOR USERS TO EXCHANGE VALUE SAFELY.
We all work to be better people tomorrow and hope to take this mentality into the existence with Us.


Wallet Synchronization Guide

To Access Magnet Wallet Data Folder
Windows 
Locate folder %Appdata%/Magnet
Linux
Ctrl+H in Home folder should reveal .magnet folder.
If not – start the wallet and close to create it.
MacOS 
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.

rpcallowip=127.0.0.1
rpcport=17179
rpcuser=INSERT_YOUR_USERNAME
rpcpassword=INSERT_YOUR_PASSWORD
server=1
daemon=1
listen=1
staking=1
port=17177
debug=all
addnode=35.195.167.40:17177
addnode=35.199.188.194:17177
addnode=104.196.155.39:17177
addnode=35.197.228.109:17177
addnode=35.198.35.45:17177
addnode=35.197.145.93:17177
addnode=35.199.1.114:17177
addnode=35.201.4.254:17177
addnode=35.188.240.39:17177
addnode=35.199.48.8:17177
addnode=146.148.79.31:17177
addnode=104.196.202.240:17177
addnode=35.195.122.245:17177
addnode=35.198.82.29:17177
addnode=35.200.247.198:17177

MINING POOL

Start mining Magnet today, we have our official mining pool ready for you. Please head over to Magnetpool.io

Pool fee 0.5%

stratum+tcp://magnetpool.io:3000 Diff: 0.00001526
stratum+tcp://magnetpool.io:3001 Diff: 16
stratum+tcp://magnetpool.io:3002 Diff: 100
stratum+tcp://magnetpool.io:3003 Diff: 500
(IP 52.170.193.38)

When setting up the miner use Your Magnet Address as Username so we know where to send the rewards.
Automated payments – enjoy our no minimum every 12H payments.

MASTERNODES

GUIDE FOR COLD WALLET MASTERNODE ON LINUX FOR BEGINNERS DOWNLOAD
GUIDE FOR HOT WALLET MASTERNODE ON LINUX DOWNLOAD
GUIDE FOR COLD WALLET + MASTERNODE ON LINUX VPS: DOWNLOAD

Keep in mind that staking = 0 line must be added to the magnet.conf file for accurate Masternode Ranking.
Default is staking = 1 so Masternode ranking resets with every staking reward.

MASTERNODE REQUIREMENT
10000 MAG

Soft Lock Update
Masternode owners have the ability to “soft” lock the masternode collateral. When the option is turned on, the wallet will not select masternode transaction as input to new transactions. This behavior can be overridden by using the Coin Control Features and explicitly selecting the collateral. Simply add the following line to your config file to use: masternodesoftlock=1

Masternode Tools
http://magnetwork.io/checkmn/
http://mnrank.com
http://masternodes.online
https://www.crypto-coinz.net/master-node-calculator/

WHITE PAPER 1.0

FAQ

GET MAGNETIZED

MAGNET is available to trade on these Exchanges :

TEAM


THOUGHT

Holds everything together.

Roland
Head Developer

LOGIC

Makes it happen.

Frederic Rezeau
Head Developer

VOICE

Supports the ones in need.

Nord
Community support