[NENG]Nengcoin - A Decentralized Multi-Rig Solo Mining Scrypt Coin

[grand96]

Coin dead? Not news, price very low, almost no deals. Even there is no offsite.

[grand96]

The coin is moving forward.  It needs a better exchange and promotion of course.

Listing on the better exchange cost money. Who is willing to pay them if the developer does not want? I think you should not develop a coin if there is no money for its promotion.

[antminerguruguy]

The coin is moving forward.  It needs a better exchange and promotion of course.

Listing on the better exchange cost money. Who is willing to pay them if the developer does not want? I think you should not develop a coin if there is no money for its promotion.

I don't understand the exchange how much is 1 NENG worth in Dogecoin?  Bitcoin?  Litecoin?

[honglu69]

New source and wallet released.

Changes on code: Enabled dynamic hashing difficulty on mining to improve network stability when miners suddenly left.

code:
https://github.com/ShorelineCrypto/NewEnglandCoin/releases

[antminerguruguy]

New source and wallet released.

Changes on code: Enabled dynamic hashing difficulty on mining to improve network stability when miners suddenly left.

code:
https://github.com/ShorelineCrypto/NewEnglandCoin/releases

Grow up take your valueless crypto project and stuff it up your ass your helping no one like myself if you had a brain you would recommend a baikal n cryptonight lite mining pool so people like myself didn't get " YET AGAIN " get fucked over...

[honglu69]

Just explanation.  When miners left mining, NENG chain has been frozen for past couple of days.

My current solution is to put v1.1.0 release to make the chain to move again and this coin become CPU/GPU minable.  Otherwise the super-high difficulty that was created by past ASIC miners would stay there for days or weeks and the chain would be frozen for long time.   We can not just sit and let the chain frozen for days or weeks.
Something got to be done.

I am buying an ASIC miner to mine the NENG coin, but it would be days away.  This release would be just one intermediate fix for the current chain issue. More will be done if needed.

[freemind1]

After reading all your posts I continued asking the same question as at the beginning. What is the function or purpose of this currency? Thanks.

[Kasperiko]

No offense but damn even your announcement uses someone else's pictures from the stocks. Where we can look at the code and understand who is behind your team? Projects that are faster than bitcoin on the market are full but almost all of them are equal to one big zero.

[honglu69]

New Code v1.1.1 is released: bug fix for wallet syncing/indexing issue after blocks 94772.

This should be the stable release for the dynamic difficulty adjustment change  with well tested wallet syncing from beginning to end on both windows/linux platforms.

[honglu69]

After reading all your posts I continued asking the same question as at the beginning. What is the function or purpose of this currency? Thanks.

This will be suitable for New England Region People or enthusiastic friends of New England.   New England is important region of America and it deserves a special coin just like New York City does with its New York Coin.

This coin is designed for fast payment with low or no fees on micro-payment transactions.  Its blockchain is protected to be operating normally  in up or down market as its mining hashing rate will dynamically be adjusted suitable for CPU/GPU miners even if all ASIC miners leave in the future suddenly.  It is very suitable for retail and online transactions.

NewEnglandcoin also is very special as it has its own exchange ShorelineCrypto which will always support the coin for trading and coin development.  I am pretty confident that NENG will stay for very long time and will be important regional cryptocurrency for long period of time.  

  

[honglu69]

Dynamic Mining Difficulty Addjustment on NENG New Wallet is major success.  NENG blockchain is back on normal.

This  new update resolved chain frozen situation days ago. Even if all ASIC miners left as they did on Nov 20,  GPU or CPU miners can continue to mine NENG on low diff.
NENG coin does not exclude ASIC miners, which have been the major mining community before Nov. 20. But our chain can not be hostage to ASIC miners.  Even if all ASIC miners leave in the future,  NENG blockchain will be fine on operation as GPU/CPU miners can pick up the position and continue mining NENG on low hashing difficulty on the new algorithm.

[findblocks.com]

We have a error with this coin  and we will fix it asap so for now its removed

[honglu69]

Happy Mining

Code:

-a scrypt -o stratum+tcp://findblocks.com:3433 -u <WALLET ADDRESS > -p  c=NENGC  

Please add to the ANN Thanks

Not quite right on settings,  when I ran your pool with my ASIC,  the address search page showed up as Nasdacoin at your web page.

[findblocks.com]

We have a error with this coin  and we will fix it asap so for now its removed

[honglu69]

Exclusive for small GPU/CPU Miners - How to Steal a Block from ASIC Miners

When 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/VSWQBds

This is the block I mined at block chain, for above screen shot:
http://nengexplorer.mooo.com:3001/tx/202b9b6c6dc290fb71d8f1dd68aa5af2288ebd1644ebbcdb763ab7cd37d48858

The 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.  

[honglu69]

The above post was for linux  64 bits, Ubuntu linux.  But it also works for window 10.  I actually mined another block from window 10 (64 bits), just the wallet with solo mining. 

The more frequent ASIC miners got stuck on NENG blockchain, the more chance for small CPU/GPU solo miners to act and scoop a block immediately. 

[honglu69]

  I noticed that ASIC miners got stuck on blockchain more frequently today.  Hopefully many lucky CPU PC miners scored the blocks

[honglu69]

How to CPU Mine NENG with Window PC or Linux

Today  NENG blockchain becames CPU-minable almost.  The hashrate of ASIC miners are high, 1 Gh/s.  However, it apears that ASIC miners got stuck at pool every other blocks. This means
that when ASIC miners previous block was longer than 2 minutes,  PC window or Linux users can simply fire up GUI wallet,  click "help" -> click "Debug Windows" -> "Console" -> Type below text "setgenerate true".  You will be mining NENG, wait for several minutes,  you can mine one block.  Then "setgenerate false" to stop mining.  Only one block at a time. The next one or few blocks belong to ASIC miners.  Repeat next time when ASIC miners got stuck again.

[Bigger By The Day]

i mine neng  just to test  but i dont see any NENG  earnings

i mine now with 788.55 MH/s   zero NENG    for 4 hours

[kurbeks]

i mine neng  just to test  but i dont see any NENG  earnings

i mine now with 788.55 MH/s   zero NENG    for 4 hours

which pool?