[ANN]🌟New York Gold Coin (NYG) [SCRYPT]🌟 - New Economic and Mining Incentives

[newyorkgoldcoin]

New York Gold is a fork of the New York Coin codebase with improvements.
Github:
https://github.com/newyorkgoldcoin/nygoldcoin

Developers:
https://twitter.com/newyorkgoldcoin

Block explorers:
http://easypool.win/explorer/NYG

Websites:
http://newyorkgold.info

Mining Pools:
https://newyorkcoinpool.com

New economic and mining incentives:

• Rewards future miners with an increasing reward schedule
• Random reward system starting at block 10001
• Final block reward of 1 to 1111 NYG (Random)

Code improvements:

• Addresses start with N
• Approximately 10x less coin supply than NYC
• Windows wallet compiled with openssl 1.0.2n

Port: 19920
Testnet: 19922
RPC port 19923
Peermagic bytes: 0d0d0d0d

Max coins?
Unlimited - just like Doge

Coin type?
New York Gold is a Scrypt-based Proof of Work coin using the Kimoto Gravity Well.

Block Info
30 second Block Targets

Blocks 0-20
Reward: 1M NYG
Blocks 21 - 100
Reward: 1111 NYG
Blocks 101 - 500
Reward: 10K NYG
Blocks 501 - 1700
Reward: 5K NYG
Blocks 1701 -10000
Reward: 5555 NYG

REWARD DROP AT BLOCK 10001 - RANDOM REWARDS BEGIN:

Blocks 10001 - 20000
Reward: 1 to 1111 NYG (Random)

Blocks 20001 - 30000
Reward: 1 to 1299 NYG (Random)

Blocks 30001 - 40000
Reward: 1 to 3299 NYG (Random)

Blocks 40001 - 50000
Reward: 1 to 6499 NYG (Random)

Blocks 50001 - 60000
Reward: 1 to 12499 NYG (Random)

Blocks 60001 - 100000
Reward: 1 to 49K NYG (Random)

REWARD DROP AT BLOCK 100,001
Blocks 100001 - 200000
Reward: 1 to 1111 NYG (Random)

Blocks 200001 - 300000
Reward: 1 to 1299 NYG (Random)

Blocks 300001 - 400000
Reward: 1 to 2999 NYG (Random)

Blocks 400001 - 500000
Reward: 1 to 4999 NYG (Random)

REWARD DROP AT BLOCK 500,001
Blocks 500001 - 700000
Reward: 1 to 1499 NYG (Random)

Blocks 700001 - 1000000
Reward: 1 to 1799 NYG (Random)

FINAL REWARD DROP AT BLOCK 1,000,001
Blocks 1,000,001 to infinity
Reward: 1 to 1111 NYG (Random)

Total current supply
(Added up block by block on 04/05/2018)
81,991,199 NYG

Important info:

1) This software is experimental and provided AS IS.
2) We own approximately 19 million NYG from the premine.
3) We are not programming experts, so there may be bugs and / or vulnerabilities present in the code. Use at your own risk.

The wallet address containing the 19 million NYG:
NPqfxtAEnCgD9AWQeKCrKbsVMJJk27UTEV

Transaction ID:
http://easypool.win/explorer/NYG?txid=3757103d2c4cc36972e2a638795b4153a8610885087a1fc106c75703f0977a3d

Message:
New York Gold 2018!

Signature:
IMM6KgoE6/F0zW0K2Lm1fdEychIuVEqJIQQzZXtAWJPnSbWsDcg3DM8Uvmkg3+aMxjRwLYJ+xSwW5Vxx0ZQhMSw=

You can to verify the above information using the NYG wallet. Go to File, Verify Message, and enter the address in the first field. Then enter message in the second field, then enter the signature in the third field.

[1714002770]

1714002770

[1714002770]

1714002770

[1714002770]

1714002770

[1714002770]

1714002770

[1714002770]

1714002770

[user0000001]

start blocks: 3452
you forgot to talk about the premine  ! where can we see the road map? site
thanks for the pool assembled quickly

[newyorkgoldcoin]

start blocks: 3452
you forgot to talk about the premine   !

Thank you. Mining was made available to the public at block height 21 on Twitter.
Right now the reward is still 5555 NYG, but this will drop at block 10,001.

https://twitter.com/newyorkgoldcoin

[venit4u]

Mining pool:
http://easypool.win

Code:

-a scrypt -o stratum+tcp://easypool.win:3433 -u <WALLET_ADDRESS> -p c=NYG 

No registration required!
Payments every hour!  

[kreatoralex]

What is the purpose of the coin? Any idea of using a coin

[newyorkgoldcoin]

Mining Incentives:
https://imgur.com/a/TMZKZ

Can someone with permissions repost the image?

[themen1260]

New update & Runing York Gold Coin on POOL

https://asiapool.trade/images/152x152.png

asiapool.trade

-a scrypt -o stratum+tcp://miner.asiapool.trade:3433 -u wallet addr  -p c=NYG 

Payout every hour !

Welcome mining !

[Pegleku]

I'll help with my humble support to spread the word everywhere. Good luck with your project!

[newyorkgoldcoin]

What is the purpose of the coin? Any idea of using a coin

The purpose is to experiment with different mining incentives over time!

If you check out this graph you can see how the rewards change over time:
https://imgur.com/a/TMZKZ

Current block height: 5395
Fixed reward 5555 NYG
Reward drops to 1111 NYG at block height 10,001. Then it slowly increases.

At block height 60,001 the real party begins! (Miners get up to 49K NYG per block)

Then it drops again and slowly increases over time.

Then, one final drop to 1111 forever.
Miners get between 1 and 1111 NYG per block after block height 1,000,001!

[grand96]

We need exchange!

[tradebitpool]

no discord server? or explorer?

[crazypool]

wheres is the community server ,website,explorer , what kind of launch is this come on guys seriously

[newyorkgoldcoin]

wheres is the community server ,website,explorer , what kind of launch is this come on guys seriously

Community block explorers:

https://crazypool.ca/explorer/NYG
http://easypool.win/explorer/NYG
https://angrypool.com/explorer/NYG

[Reyd]

maybe you should think about purpose, whitepaper, block explore, marketing, and exchange. try to listed on small exchange like tradesatoshi.com and crex24.com. it would be nice for NYG

[azzalea25]

New York Gold is a fork of the New York Coin codebase with improvements.
Github: https://github.com/newyorkgoldcoin/nygoldcoin
Developers: https://twitter.com/newyorkgoldcoin
Community block explorers:

https://crazypool.ca/explorer/NYG
http://easypool.win/explorer/NYG
https://angrypool.com/explorer/NYG

New economic and mining incentives:

• Rewards future miners with an increasing reward schedule
• Random reward system starting at block 10001
• Final block reward of 1 to 1111 NYG (Random)

Code improvements:

• Addresses start with N
• 60 second block time which means half the issuance rate of NYC
• Difficulty adjusts every 5 minutes instead of 2 hours (Kimoto Gravity Well)
• Approximately 10x less coin supply than NYC
• Windows wallet compiled with openssl 1.0.2n

Port: 19920
Testnet: 19922
RPC port 19923
Peermagic bytes: 0d0d0d0d

Max coins?
Unlimited - just like Doge

Coin type?
New York Gold is a Scrypt-based Proof of Work coin using the Kimoto Gravity Well.

Block Info
60 second Block Targets, KGW difficulty readjustment every 5 minutes

Blocks 0-20
Reward: 1M NYG
Blocks 21 - 100
Reward: 1111 NYG
Blocks 101 - 500
Reward: 10K NYG
Blocks 501 - 1700
Reward: 5K NYG
Blocks 1701 -10000
Reward: 5555 NYG

REWARD DROP AT BLOCK 10001 - RANDOM REWARDS BEGIN:

Blocks 10001 - 20000
Reward: 1 to 1111 NYG (Random)

Blocks 20001 - 30000
Reward: 1 to 1299 NYG (Random)

Blocks 30001 - 40000
Reward: 1 to 3299 NYG (Random)

Blocks 40001 - 50000
Reward: 1 to 6499 NYG (Random)

Blocks 50001 - 60000
Reward: 1 to 12499 NYG (Random)

Blocks 60001 - 100000
Reward: 1 to 49K NYG (Random)

REWARD DROP AT BLOCK 100,001
Blocks 100001 - 200000
Reward: 1 to 1111 NYG (Random)

Blocks 200001 - 300000
Reward: 1 to 1299 NYG (Random)

Blocks 300001 - 400000
Reward: 1 to 2999 NYG (Random)

Blocks 400001 - 500000
Reward: 1 to 4999 NYG (Random)

REWARD DROP AT BLOCK 500,001
Blocks 500001 - 700000
Reward: 1 to 1499 NYG (Random)

Blocks 700001 - 1000000
Reward: 1 to 1799 NYG (Random)

FINAL REWARD DROP AT BLOCK 1,000,001
Blocks 1,000,001 to infinity
Reward: 1 to 1111 NYG (Random)

Good concept, but we need web, wp, roadmap, block exp, wallet windows and exchanger

[kurbeks]

Good concept. But need more detailed ANN as others suggested.

[dlsa]

plis make discord channel, and when exchange ?

[newyorkgoldcoin]

We're not planning to get on exchanges, but if it happens that's cool. We are focusing on development at the moment.

[grand96]

Why then this project is needed? Without an exchange, without offsite. Dead project.

[grand96]

I want sell 6000000 NYG. Offers in PM.