I love your idea of a small magnet on your machine for pins. Can you use it safely due to the size so it won't interfere with your machine's computer. I have always heard you can't have any magnets close to your machine. For my scissors I use the 3M command strips with the hook & velcro & attach to the side of my machine & hang them. I love using magnetic pincushions but am afraid of the computer part, I purchased a small Singer and was told not to get it even close to a magnetic.