Base difficulty has reset to low level, boom for solo GPU/USB ASIC miners

Base difficulty has reset to very low level. Boom for solo GPU and solo USB ASIC miners

diff becomes very high recently.  Not GPU minable any more.

NewEnglandcoin v1.4.1.0 Released - Windows/Mac Wallet with New Logo

A NENG wallet new versions released.
https://github.com/ShorelineCrypto/NewEnglandCoin/releases/tag/v1.4.1.0

All windows and MacOS users are recommended to upgrade, although not required for existing users.
The new wallet has the new logo from the recent winning logo bounty approved by community logo commission.

Just made a windows 10 wallet and a conf file with current live IPs:

https://github.com/ShorelineCrypto/slfi/releases/tag/v1.1.1.0

Final Tally for Nvidia GTX 1050 on reset today
Nov 7, 2020 rest GPU solo mining report

4 and half hours into GPU solo mining on GTX 1050. 191 blocks mined. On wallet, excluding orphaned blocks, about 1.37 million NENG on GPU for less than 5 hours mining. Worth about 343 DOGE on current NENG trading price. 343 DOGE is about $0.92 USD. Less than 5 hours of GPU mining NENG with slightly less than 1 USD dollar reward.

Base diff is at 0.02. This is not profitable for my GPU. I am shutting down my GPU GTX 1050 for today reset. This is about 4 and half hours of mining. My GPU will be back on NENG solo mining on next reset.

Total counting: 1.37 million NENG in 4 and half hours of solo mining NENG on GPU. This reward is half of what used to be mainly because of NENG halfening. Block reward is only half of what used to be. The actual block mined on my GPU GTX 1050 Nvidia card is very solid

Base Difficulty Reset, boom for GPU/USB ASIC solo miners

Base difficulty just reset to almost zero now. Another boom for GPU or USB ASIC solo miners

SLFI Delisting Warning Removed

The community PoS mining has stepped up.  The blocks mined by exchange and community over past 24 hours is more than 1700 blocks.
SLFI blockchain is largely normal on operation.

Selfiecoin delisting warning at ShorelineCrypto Exchange is removed.

SLFI Delisting Warning Removed

The community PoS mining has stepped up.  The blocks mined by exchange and community over past 24 hours is more than 1700 blocks.
SLFI blockchain is largely normal on operation.

Selfiecoin delisting warning at ShorelineCrypto Exchange is removed.

Small chunks in a wallet seems to be working.  Today just restarted wallet, hundreds of blocks were mined.

First NewEnglandcoin(NENG) Blockchain Halfening

NewEnglandcoin(NENG) has successfully completed its first halfening at 2.1 million block number, checkout:
http://nengexplorer.mooo.com:3001/block/33f4b7895de336e0bff3a1c844c4cc89dfb362a889a971c2692582b24ef5b3b5

My final GPU solo mining tally on Reset

My final GPU solo mining tally, 6 hours of mining on Nvidia GTX 1050, 190 blocks on ccminer, the actual earned NENG was 2.62 million NENG in wallet. Many were orphaned, so that not truly 190 blocks. 2.62 million NENG on 6 hours mining on an old GPU.

I have shut down my GPU. My GPU will come back to NENG on next reset day.

Base difficulty reset, Boom for  GPU solo miners

NENG base difficulty has reset to almost zero just now. All GPU solo miners should fire up solo miners into the NENG rain. Another boom for GPU/USB ASIC solo miners

Explanation on "Spike" Concept, 51% Attack Security Protection

Spike block mined at at 244,000 difficulty https://media.discordapp.net/attachments/516702014160502814/773772918123528242/spike_diff.gif?width=1440&height=483

Screen shot Picture from explorer: https://quanticoin.quantic.best/explorer/NENG

Just want to make sure NENG miners understand this concept of "spike". See above chart, between 14:00 to 15:00 at bottom of chart, there was a big spike, a needle pointing toward sky. Difficulty at 244,000. This difficulty was higher than DigiByte scrypt difficulty now. Now DigiByte has market cap of 265 million USD while NENG has $21,000 USD market cap. Now if 51% attacker can not double spend attack DigiByte, he/she can not attack NENG either because we have same difficulty as DigiByte now for ASIC rigs.

When spike block is mined, a 51% attack security mechanism triggered, All GPU/ASIC can mine is at this 244,000 difficulty. Either mine or walkaway. Currently there is no known loop hole or known method otherwise. Now for CPU miners on Cheetah_Cpuminer, CPU solo miners can continue to mine at diff = 0.000244

I am pretty sure there are GPU or ASIC miners around the world will try to mine at 0.000244. But NENG has this for almost two years, no known method so far. Only CPU miners on Cheetah_Cpuminer software can mine at difficulty = 0.000244.

I hope my screenshot from Quantic explorer and the explanation above on "spike", Cheetah_Cpuminer will make sense for new members. This method randomSpike is discovered by NewEnglandcoin (NENG) dev team, by me 1st time in the world. In other word, this was not known until we discovered it and implemented into NENG.

Alert for all GPU solo miners

Because spike block was mined.  It is most likely that NENG blockchain will reset to almost zero diff one day from now.  Tomorrow is likely to be the time that your GPU can solo mine NENG for millions within one day!

A Spike block was mined, at block number 2093118 :

https://quanticoin.quantic.best/explorer/NENG?height=2093118

This spike block difficulty will serve as base diff until next reset.  Now Cheetah CPU miners will dominate mining close to 100% until reset.

I agree with you.  I did not pay attention to this coin's history that much.  I knew at some point in 2019, SLFI blockchain was moving fine.  Now the blockchain is going toward death.  Only a few blocks per day. Actually today there are no blocks so far.

Have one big wallet with lots of coins staking. The linux GUI wallet showing expected time to earn rewards is 0 seconds. But wait for minutes and almost 1 hour, nothing earned, no blocks rewards.

Not good. PoS is wacky, difficult to understand staking of PoS mining.  

I recall days ago that I had SLFI wallet staking, expected time was 30 days, but I got 1 rewards an hour after. This estimate does not mean reality somehow.  

Checked today's 7 transactions block reward, total of 21.7 million SLFI.  Economics of SLFI does not look good. Currently there are 5 billion SLFI on the info from wallet.  The mining reward total is more than current total of supply there per year. So much inflation, plus with wallet concentration, no decentralization issue.  Heavy CPU usage when wallet is chopped into small chunks. Ton of issue.  

First day experiment with thousands of address deposit does not look good.  The server takes a lot CPU, 100% load.  SLFI coins are not mature, no staking in significant way. So far 7 blocks were mined today.

Now a new experiment to fix the quasi-dead SLFI blockchain.  A large amount of SLFI coins was chopped into thousands of small coins, deposit into thousands of addresses in a wallet.

The hope was that there are so many different chunk of coins in a wallet that I control  So coin age may kick one chunk into 8 hours of maturing, the other chunks should keep going and generate blocks for SLFI blockchain.  

Not sure this experiment will salvage the almost-dead blockchain or not. Let's see.