The first reports on the "Space Magnetic Sail" concept appeared more 30 years ago. During the period since some hundreds of research and scientific works have been published, including hundreds of research report by professors at major famous universities. The author herein shows that all these works related to Space Magnetic Sail concept are technically incorrect because their authors did not take into consideration that solar wind impinging a MagSail magnetic field creates a particle magnetic field opposed to the MagSail field. In the incorrect works, the particle magnetic field is hundreds times stronger than a MagSail magnetic field That means all the laborious and costly computations in revealed in such technology discussions are useless: the impractical findings on sail thrust (drag), time of flight within the Solar System and speed of interstellar trips are essentially worthless working data! The author reveals the correct equations for any estimated performance of a Magnetic Sail as well as a new type of Magnetic Sail (without a matter ring).