Bitcoin Forum

Hi Guys,

We are in the process of updating LTB from the Scrypt algorithm to the NeoScrypt algorithm. While this was certainly not an easy choice (due to all the available options out there) - we feel that NeoScrypt will be one of the next generation POW algorithms. Our decision was based on several factors, some of which includes the following:

1. ASIC resistant of course
2. GPU and CPU mining friendly
3. Consumes less memory than Scrypt
4. low - medium budget user friendly (for those who can't afford huge ASIC rigs) - fair distribution

We thank you for your patience while we update our algorithm (along with a few other minor things). The update will be available within the next 2 days (we will post) - and the switchover to NeoScrypt will happen on block 110000 (1-2 weeks). Here are a few links of interest:

Documentation / White Papers:
https://github.com/ghostlander/NeoScrypt
http://www.feathercoin.com/neo-scrypt-press-release.pdf
http://phoenixcoin.org/archive/neoscrypt_v1.pdf

Thanks

>1. ASIC resistant of course


that's what X11 guys said and there are X11 asics being tested right now and mining X11 coins secretly

you can run but you can't hide...

True! However, we'll keep running and changing  ;D

seems like a lot of work to delay the inevitable but best of luck!

It seems to be the second coin with this algorithm!   :)

Third. (Well 3.5 sort of)

Feathercoin, Phoenixcoin, and Litebar will be the third. However there was also a short lived Neocortex - but that didn't use the correct options of Neoscrypt despite using the neoscrypt algorithm codebase.

i think ufocoin also has neoscript already so 4th .. but we still in top list  ;D -edit- damn just found imperiumcoin. also neoscrypt. so were nr 5.  :) . top5 still good  ;D

doing our testing now :D updates will be posted

smashing some bugs. we'll be up and running soon, guys. Thanks so much for your patience

nice!! good hearing your on top of it!! keep up the great work!!

hope you squashed those bugs..  ;D


crunching those blocks

any pools ready for the fork to neo?

this is sad..
no neo wallets, only source!
private mining going on hoping price will jump.

i have no idea why some idiot uses time to update source but releases no wallets?

or its just first neoscrypt coin fork turning out private mining scam?

https://pp.vk.me/c621124/v621124623/199f/pbzQeSe_6V4.jpg

clearly seen who loves and appreciates his coin with the same amount of coins

tricky #$$hole . first using me and squadra to push it towaards the block for switching to other algo. stealing our coins with the pool and now mining this solo.

am i close?

great work !!