Exclusive for small GPU/CPU Miners - How to Steal a Block from ASIC MinersWhen all ASIC miners left, sure, GPU/CPU miners can step in and mine NENG happily. Now that ASIC miners are back , and now with 1Gh/s hashing rate. If
GPU/CPU miners join pool now, most likely would get almost nothing with huge electricity cost.
Are there any chance for CPU/GPU when ASIC miners are into NENG mining? Yes. Below is real story of how I did it with 4 CPU windows PC, with only maybe 200 Kh/s hashing power,
less than 0.02% of total networking hashing power, still got a block mined today. Here is screen shot proof:
https://ibb.co/VSWQBdsThis is the block I mined at block chain, for above screen shot:
http://nengexplorer.mooo.com:3001/tx/202b9b6c6dc290fb71d8f1dd68aa5af2288ebd1644ebbcdb763ab7cd37d48858The reason I was able to a mine a block with CPU is because of newly implemented dynamic hashing adjustment algorithm, mining pool ASIC miners will get stuck couple of times a day by my observation today. When the ASIC miners stuck at pool, usually it stuck for 20 minutes up to 1 hour finding no blocks. The new algorithm says that when the block time is more than 2 minutes, the difficulty is almost zero. When ASIC miners stuck at pool, CPU GPU solo-miners can act and steal a block as I did above. There is only one chance. Once one block get stolen, the ASIC miners will wake up and scoop all the blocks afterwards.
When ASIC miners are into pool heavily, CPU or GPU miners have no chance at pool. Just wait and observe the NENG blockchain movement, wait. When the chain appears to be stuck, act immediately and solo-mine and steal a block. Yes any one can steal a block like I did from ASIC miners with just a regular PC and a NENG wallet.
Update on Oct. 2019: GPU also gets stuck on DynDiff algorithm, same as ASIC. Only CPU solo miners with Cheetah can mine smoothly when ASIC/GPU get stuck. The article was published before this knowledge was found later.