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Author Topic: [ANN][CPU MINING][AIRDROP] NewEnglandcoin: Anti-51% Attack, Anti-instant Mining  (Read 27831 times)
honglu69
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April 02, 2019, 01:45:46 AM
Last edit: April 02, 2019, 02:02:06 AM by honglu69
 #201

Update on April 1, 2019:  Large NENG buying at ShorelineCrypto Exchange on April 1 was related to 020Londoncoin (O2O) listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  O2O fee payment event happened on April 1, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin

ShorelineCrypto ads for new coin listing:
https://bitcointalk.org/index.php?topic=5121953.0

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 02, 2019, 02:14:15 AM
 #202

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

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
honglu69
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April 07, 2019, 11:58:15 PM
 #203

NENG Security, Decentralization Value & 2 Announcements

https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf

  • No Hard Fork in 2019 Q2 or in Near Future
  • NENG v1.2.x Hard Fork Evaluation
  • NENG 51% Attack Cost - $10,000 USD
  • Decentralization - Solo Mining Up, Mining Pool Down
  • What if 51% Attackers Utilize GPU fleet?
  • NENG Valuation is Dirt Cheap
  • Announcement of NENG Fiat Project for all U.S. Residents
  • Announcement for Mobile Miner Project Initiation

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
honglu69
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April 08, 2019, 12:33:57 AM
Last edit: April 10, 2019, 04:10:56 PM by honglu69
 #204

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.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 09, 2019, 02:33:58 AM
Last edit: April 10, 2019, 04:12:13 PM by honglu69
 #205

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!

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 10, 2019, 01:54:02 AM
 #206

can setup cpu mining pool?
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April 10, 2019, 12:16:45 PM
 #207

https://wadax.io/trade/NENGBTC  we need little volume to stay on this exchange  - Delisting coins 1th of may.
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April 10, 2019, 02:58:26 PM
 #208

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.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 10, 2019, 06:00:10 PM
 #209

How much coins CPU solo miners getting per day. Wanna compare to Moonlander 2 running on pool.

Thanx!
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April 10, 2019, 07:08:48 PM
Last edit: April 10, 2019, 10:58:04 PM by honglu69
 #210

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.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 10, 2019, 08:03:51 PM
 #211

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

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 12, 2019, 10:28:52 PM
 #212

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-rule

Registration 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. 

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 19, 2019, 02:21:05 PM
 #213

Base difficulty on NENG now is reset to very low level, close to zero.  GPU mining is dominating now.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 19, 2019, 02:53:44 PM
 #214

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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April 20, 2019, 01:40:13 AM
 #215

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.

honglu69
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April 22, 2019, 01:47:33 AM
 #216

NENG Fiat Project is Launched by ShorelineCrypto

Immediately 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

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 22, 2019, 02:57:21 AM
 #217

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.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 22, 2019, 10:44:48 AM
 #218

NENG Fiat Project is Launched by ShorelineCrypto

Immediately 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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April 22, 2019, 03:35:31 PM
 #219

NENG Fiat Project is Launched by ShorelineCrypto

Immediately 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. 

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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April 22, 2019, 03:48:08 PM
 #220

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.

NewEnglandcoin (NENG) is a 700x bargain compared to NewYorkcoin (NYC).  Buy NENG at ShorelineCrypto at https://shorelinecrypto.com
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