honglu69 (OP)
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April 02, 2019, 02:14:15 AM |
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Clarifications on Twitter Airdrop / Graphic Bounty: Graphic Re-design bounty has deadline April 30, 2019, community will review the quality of logo submission and decide award. However, twitter airdrop does not have any deadline. We will award twitter airdrop in a more frequent base. Currently the response is not that great. Hopefully more people will sign up and get the airdrop or the bounty. https://bitcointalk.org/index.php?topic=5124335.0 |
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honglu69 (OP)
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April 08, 2019, 12:33:57 AM
Last edit: April 10, 2019, 04:10:56 PM by honglu69 |
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Announcement of NENG Fiat Project for all U.S. Residents
As part of disclosure, ShorelineCrypto is investigating Fiat USD/NENG purchase offering using our parent company banking relations and Square service offerings. We believe the USD/NENG purchase offering can be launched in multiple phases starting from 2019 Q2 to all U.S. residents by imposing a very low purchase limit while ShorelineCrypto can be still complying with all the anti-money laundering laws in U.S.A. Legally, cost of doing fiat/NENG in USA is extremely high because of all the banking, money service regulations. However, there should be minimum cost or regulation and no need for KYC if we only allow small dollar purchase of NENG with strict maximum cap at ShorelineCrypto.
The motivation of NENG Fiat project is to boost the NENG acceptance as important crypto currency for retail and trading usage and improve the liquidity of NENG trading. Currently a buyer buy NENG from exchange, and decide to sell NENG immediately, the buyer would face 50% immediate loss because the bid/ask spread on NENG trading is very high and liquidity is poor on NENG. When this fiat project launches at ShorelineCrypto, ShorelineCrypto will operate hedging positions using Square bitcoin service and convert to DOGE to buy NENG at equivalent doge pair price in ShorelineCrypto exchange so that buyer of NENG will no longer face huge loss from immediate sell in the future.
We believe miners and traders should also see better NENG trading price in the future so that they can dump their mining rewards at higher price because of liquidity boost from Fiat project hedging.
In the long run, a successful fiat project on NENG can put NewEnglandcoin as niche alternative for small dollar fiat entry into crypto market for U.S. residents. Currently most U.S. buyers convert their USD to bitcoin at Coinbase or Germini etc, then transfer their bitcoin to an exchange to sell for dogecoin or any other altcoins. It works well for large amount at $100 USD or more even on a bitcoin transaction fee of $1. However, if one wants to buy or sell $1 to $5 USD dollar, the bitcoin transaction fees are too high. Here we can offer a low fee method of buying NewEnglandcoin with $1 to $5 USD, then convert to dogecoin at almost no loss, and then transfer the dogecoin out of ShorelineCrypto to wherever you want to trade or use dogecoin.
Bitcoin is gold, Litecoin is silver, Dogecoin can be said as copper. Dogecoin has huge listings at multiple exchanges and can be converted to bitcoin easily at exchange with low fees. With NENG/DOGE trading pair at ShorelineCrypto exchange and utilizing the capability of dogecoin popularity and low transaction fees, this NENG fiat project has the potential to put NENG into important coin in U.S.A crypto market.
Announcement for Mobile Miner Project Initiation
Immediately today, we initiate a new mobile miner project for evaluations and implementation. The NENG mobile miner will offer Android/iPhone users to mine NENG on their cell phone and receive NENG reward daily. Of course, the mobile mining is not a true mining, just a simulation on cell phones to allow users to receive rewards, say 100 NENG per day.
At this early stage, we foresee the eventual working mobile miner for NENG will be some javascript based web page where cell phones can register and click for rewards daily. The project is going to be planned and implemented in multiple quarters and the funding source will come from donation from NENG communities.
Conclusion
NewEnglandcoin (NENG) is underpriced at only fraction of market cap of NewYorkcoin while the security of NewEnglandcoin is significant better against 51% attacks. Even on population or GDP comparison against NYC, NENG should trade significantly higher.
Also stay tuned in bitcointalk Ann or DISCORD for further news of NENG Fiat project and NENG Mobile Miner project.
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honglu69 (OP)
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April 09, 2019, 02:33:58 AM
Last edit: April 10, 2019, 04:12:13 PM by honglu69 |
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NENG airdrop is raised to 100,000 NENG per person, up to 1000 participant. Checkout the Ann page for sign up and follow NENG twitter and get the award!
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dalaocoin
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April 10, 2019, 01:54:02 AM |
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can setup cpu mining pool?
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honglu69 (OP)
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April 10, 2019, 02:58:26 PM |
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can setup cpu mining pool?
Not possible on NENG for CPU only pool. All CPU miners are solo miners. CPU miners can have two choices: Cheetah method, good for small CPU or casual miners. Or a dedicated 24 hours solo miners, good for big CPU machine. |
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kurbeks
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April 10, 2019, 06:00:10 PM |
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How much coins CPU solo miners getting per day. Wanna compare to Moonlander 2 running on pool.
Thanx!
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honglu69 (OP)
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April 10, 2019, 07:08:48 PM
Last edit: April 10, 2019, 10:58:04 PM by honglu69 |
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How much coins CPU solo miners getting per day. Wanna compare to Moonlander 2 running on pool.
Thanx!
Just my data over past couple of days, very low end 10 year old Intel PC, two core on linux, about 100,000 NENG per day solo CPU mining on Cheetah. I think a better CPU machine may be several times better than that. But there are a lot more CPU miners. When I first announced Cheetah here, the old PC was getting 1 million NENG + per day. Not possible recently on any regular PCs or Macs. |
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honglu69 (OP)
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April 10, 2019, 08:03:51 PM |
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New ads presenting NENG as an experience of bitcoin mining for FUN: Are you interested in running bitcoin miner just for fun? Do you want to have a taste of running a bitcoin full node in your own PC? Well, you can not do that now at your home window/mac PC, not even on a linux because bitcoin full node is several hundreds of GB size and syncing the full chain will take weeks or months if not impossible. Further more, any CPU or GPU mining bitcoin is not profitable, you may not get any coin for days even if you just want to try and experience to see what it is for fun. Here comes NewEnglandcoin (NENG). You can mine 100,000 NENG per day in a two core PC running a full node. NewEnglandcoin is bitcoin clone at v0.8.7.5. NENG has DynDiff algorithm on top of scrypt. In order to honor Bitcoin, all the GUI wallet of NewEnglandcoin shows the version tag: "Satoshi:0.8.7.5". NewEnglandcoin (NENG) is the only coin that we are aware of that allows CPU/GPU/ASIC mining simultaneously and allows CPU miners to obtain decent rewards in a desktop window/MacOs/Linux machine together with GPU/ASICs. NewEnglandcoin (NENG) is also offering 100,000 NENG airdrop and can be traded at exchange now on doge pair. Bitcointalk Ann: https://bitcointalk.org/index.php?topic=5027091.0 |
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honglu69 (OP)
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April 12, 2019, 10:28:52 PM |
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One legal hurdle passed for ShorelineCrypto fiat/NENG project: According to U.S. anti-money laundering regulation as below: https://www.fincen.gov/fact-sheet-msb-registration-ruleRegistration requirement with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury, "in an amount greater than $1,000 in currency or monetary or other instruments for any person on any day, in one or more transactions. " For now, the planned USD/NENG fiat project launch will have very strict upper amount limit well below $1000 USD per person. Or even adding all the crypto trading volume at current ShorelineCrypto on all coins, the volume will be well below this $1000 USD per person limit. Therefore, no KYC, no restriction now is fully complying with U.S. regulations and AML laws today regardless of crypto currency status on regulations. ShorelineCrypto will fully comply with U.S. regulations in its NENG trading and near term launch of fiat USD/NENG project. |
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honglu69 (OP)
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April 19, 2019, 02:21:05 PM |
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Base difficulty on NENG now is reset to very low level, close to zero. GPU mining is dominating now.
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Mariia_BT
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★Bitvest.io★ Play Plinko or Invest!
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April 19, 2019, 02:53:44 PM |
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Base difficulty on NENG now is reset to very low level, close to zero. GPU mining is dominating now.
on the one hand - it is not good enough. but from the other - it has the opposite meaning. it means something is getting better. we can see an update to the structure |
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Spekske
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April 20, 2019, 01:40:13 AM |
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NENG can be mined at https://coincave.nl miningpool.
Based in the Netherlands, running on SSD's and growing fast since restarting on april 7, 2019.
Over 30 coins onboard.
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honglu69 (OP)
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April 22, 2019, 01:47:33 AM |
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NENG Fiat Project is Launched by ShorelineCryptoImmediately today, ShorelineCrypto launch NENG/USD purchase for all U.S. residents. Any U.S. citizen or resident who has a debit card can purchase NewEnglandcoin with USD. At the initial launch, all transactions are manual and a weekly purchase limit of $5 USD per person is imposed on all persons. ShorelineCrypto will improve the NENG fiat project service user interface and is expected to gradually to make the transaction instant in the future. Please visit page for details of how to purchase NENG easily with USDs with just a cell phone or a computer: https://shorelinecrypto.com/buy_neng
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honglu69 (OP)
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April 22, 2019, 02:57:21 AM |
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Base difficulty on NENG now is reset to very low level, close to zero. GPU mining is dominating now.
on the one hand - it is not good enough. but from the other - it has the opposite meaning. it means something is getting better. we can see an update to the structure Unfortunately for now, the mining for GPU is a bit unpredictable, not constant. For example, now the base diff is close to 3, and GPU can mine NENG, but the small ASIC now works better than GPUs. |
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kurbeks
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April 22, 2019, 10:44:48 AM |
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NENG Fiat Project is Launched by ShorelineCryptoImmediately today, ShorelineCrypto launch NENG/USD purchase for all U.S. residents. Any U.S. citizen or resident who has a debit card can purchase NewEnglandcoin with USD. At the initial launch, all transactions are manual and a weekly purchase limit of $5 USD per person is imposed on all persons. ShorelineCrypto will improve the NENG fiat project service user interface and is expected to gradually to make the transaction instant in the future. Please visit page for details of how to purchase NENG easily with USDs with just a cell phone or a computer: https://shorelinecrypto.com/buy_neng Sweet news. Any plan to integrate NENG into larger more liquid exchange? |
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honglu69 (OP)
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April 22, 2019, 03:35:31 PM |
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NENG Fiat Project is Launched by ShorelineCryptoImmediately today, ShorelineCrypto launch NENG/USD purchase for all U.S. residents. Any U.S. citizen or resident who has a debit card can purchase NewEnglandcoin with USD. At the initial launch, all transactions are manual and a weekly purchase limit of $5 USD per person is imposed on all persons. ShorelineCrypto will improve the NENG fiat project service user interface and is expected to gradually to make the transaction instant in the future. Please visit page for details of how to purchase NENG easily with USDs with just a cell phone or a computer: https://shorelinecrypto.com/buy_neng Sweet news. Any plan to integrate NENG into larger more liquid exchange? NENG Community can either vote or pay for other larger liquid exchange. Currently NENG dev team is mainly focused on software development on Fiat project and the Mobile Miner Project. If community want to do that for other liquid exchange, dev can facilitate or help on that, for example, set up donation funds. But we do not want to focus our time on those activities for now. |
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honglu69 (OP)
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April 22, 2019, 03:48:08 PM |
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Clarification on non-U.S. users:
A member in DISCORD raised question whether UK users can buy NENG with USD or not. The fiat project rely on Cash App, which we thought that it is only available in U.S. But indeed Cash App is in UK too with restricted functions. In U.S.A, user can buy sell withdraw bitcoin in Cash App while the U.K. version of Cash App has no bitcoin feature. We do not know whether cross border US/UK payment in USD is allowed or not. My gut feeling is NOT.
ShorelineCrypto is not going to restrict countries in Fiat NENG project. If a UK member can pay with Cash App in USD cross border, yes, he/she can buy NENG with fiat USD at offered price.
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honglu69 (OP)
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April 24, 2019, 04:08:52 PM |
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The first Fiat NENG/USD purchase went through yesterday successfully for the dollar amount $5 USD for total of 20 million NENG.
The process is still manual, the NENG trading liquidity is still quite poor. But it is starting point. We have hope and confidence that NENG will become a niche and important cryptocurrency in the long run.
Cheer for New England!
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