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

[Jeronimo99]

Coin:   NENG
Blockhash:   e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
Confirmations:   27
Height:   824340
Time:   2019-10-01 12:28:16 (1569932896)
Difficulty:   244136.93371901
Bits:   1a44b82f
Nonce:   3082086231
Version:   2
Size:   604 bytes
Previous Hash:   3f6325eedb43055ed4cf033dc379ca88b7dbacf558173f52b86827ba75e4e212
Next Hash:   267bf39edd9c3e9c784033f317ead51ae0dc621599050ed6de9725d302529b18
Merkle Root:   1dcbe9ab0485142e5969422839d2c4b335cfbebd7145993bb2a2da65c469d345
Transactions:   2

mined my pool ))) https://pool.ga

[1713543164]

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[1713543164]

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[1713543164]

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[honglu69]

For a near term next several days or weeks,  only Cheetah CPU solo miners can find blocks.   NENG now is almost 100% CPU mining coin for now.

An unusual event happened on NENG block chain.  The first Spike difficulty level block was found:
http://nengexplorer.mooo.com:3001/block/e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
block number 824340  with difficulty of 244136.9.  This spike level was difficulty within first 3 seconds.  This also means that base difficulty is reset to 244k.  Pretty much all mining reward now goes to Cheetah CPU solo miners until the base difficulty works down to very low level from 244k.  No GPU nor ASIC can find blocks for a while because the base difficulty is sky high. The base difficulty wind down could be several days or weeks.

[honglu69]

Coin:   NENG
Blockhash:   e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
Confirmations:   27
Height:   824340
Time:   2019-10-01 12:28:16 (1569932896)
Difficulty:   244136.93371901
Bits:   1a44b82f
Nonce:   3082086231
Version:   2
Size:   604 bytes
Previous Hash:   3f6325eedb43055ed4cf033dc379ca88b7dbacf558173f52b86827ba75e4e212
Next Hash:   267bf39edd9c3e9c784033f317ead51ae0dc621599050ed6de9725d302529b18
Merkle Root:   1dcbe9ab0485142e5969422839d2c4b335cfbebd7145993bb2a2da65c469d345
Transactions:   2

mined my pool ))) https://pool.ga

Just noticed that moments ago. This sky high base difficulty now makes NENG not ASIC/GPU minable for a while now.

Just a quick calculation, it could take weeks before NENG becomes ASIC minable again.  Best case is two days.

[dalaocoin]

why so higher diff?

[honglu69]

why so higher diff?

Part of DynDiff algorithm. The first 3 seconds of 244k Spike difficulty was designed to protect against instant mining and against 51% attack. Usually block won't be mined on this spike diff level. If it does, which it did, then it stays as base diff untill next reset. The base diff reset happens every 1440 blocks

[honglu69]

base diff has reset to an extremely low level.  Now GPU or small ASIC solo miners should do well.

[honglu69]

Another spike diffculty block mined at:
http://nengexplorer.mooo.com:3001/block/3aeb93ef8a0b52e5c6bc19ce7adb8d36470c32774abbbdcf28b27177968da90e

block number 832933

This means that for next 1 day or two,  Cheetah CPU solo miners will get pretty much all the block.

[honglu69]

base diff has reset to low level. GPU/ASIC mining should be back.

[honglu69]

Another spike diff level block mined at:
http://nengexplorer.mooo.com:3001/block/bb4c571e4622c069dc8c7a5119c443c3ae7dc7884a13b8b1fb88cfa954aab96e

The base difficulty stays at 244136 until the next reset.  ASIC/GPU mining is going to be very poor for next 1 day or two.  CPU cheetah solo miners are going to mine pretty much all the blocks until reset

[DaveF]

Is there a difference between running setgenerate true 4 in the console of the wallet and running the CPU cheetah miner?
It looks like there is but before I do install & run it I want to be sure.

-Dave

[honglu69]

Is there a difference between running setgenerate true 4 in the console of the wallet and running the CPU cheetah miner?
It looks like there is but before I do install & run it I want to be sure.

-Dave

Big difference.   "setgenerate true 4" on full node wallet usually does not yield good mining results.  This is because DynDiff with constantly changing difficulty level confuses full node wallet too.
The only time this is good is right after reset where the base difficulty is lowest level.  Most of time,  Cheetah cpu mining will out perform this.

Cheetah can be optimized too.  In the video I recommended using interval 10 ,  check every 10 seconds.  This could be shortened to 5, or crazily enough, change this to 1, meaning check every second to
decide start or stop solo CPU mining.

[honglu69]

base difficulty has already reset to a very low level.

[nxtraordinary]

base difficulty has already reset to a very low level.

Unfortunately this dilution seems like a waste to me at such low prices in altcoin sector.


Midst of August 2019  I wrote here about that problem.
https://bitcointalk.org/index.php?topic=5027091.msg52181230#msg52181230
 
Hence there existet 14 Billion of 84 Billion of NENG.
Only two months later we do have 18 Billions of 84 Billion of NENG.

DYODD

I will hodle, of course, because I do love the concept and the coin.
BUT I want to set a red flag for those who think: "Its simply a good coin, because it is a new coin and it is also fast by SCRYPT Algorythm."

Dilution here is VERY high, so diversify, all you guys out there, my saying:

"Don't make Nillions from Billions."

I will buy no further NENG but whatch from time to time.

Greez,
n.

[shotgun1969]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

[honglu69]

POOL GA pool owner: please respond to complain in the discord. If not, this pool will be removed from the first ann page post next week.

[honglu69]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

Make sure you have good connection to nodes and enough disk space, it should not be issue for going through:
http://nengexplorer.mooo.com:3001/network

Wallet software needs to be latest as well.

[shotgun1969]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

Make sure you have good connection to nodes and enough disk space, it should not be issue for going through:
http://nengexplorer.mooo.com:3001/network

Wallet software needs to be latest as well.

thats all cool i am on current wallet vs i am on my 10th time thru and just asking for some love here dude    help a fellow miner and trader out i have like 500 wallets that i can run in network ok      this isnt my first rodeo i went thru to many updates of blockchain before i asked for help

[shotgun1969]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

Make sure you have good connection to nodes and enough disk space, it should not be issue for going through:
http://nengexplorer.mooo.com:3001/network

Wallet software needs to be latest as well.

could i ask how hard is it to make a good blockchain files upload for everyone to use.   please  and thankyou

[honglu69]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

Make sure you have good connection to nodes and enough disk space, it should not be issue for going through:
http://nengexplorer.mooo.com:3001/network

Wallet software needs to be latest as well.

could i ask how hard is it to make a good blockchain files upload for everyone to use.   please  and thankyou

I will see what I can do for you. One way is to put a bootstrap file in Google drive for you to download. Not worth it for most people, sounds that you need this.

[shotgun1969]

Does anyone have a good blockchain file upload i can get i seem to keep getting stuck on blk 732391 and i have a good nodes but it keeps hitting that block just like someone is stuck there and wont shut off there shitty wallet.    thanks in advance

Make sure you have good connection to nodes and enough disk space, it should not be issue for going through:
http://nengexplorer.mooo.com:3001/network

Wallet software needs to be latest as well.

could i ask how hard is it to make a good blockchain files upload for everyone to use.   please  and thankyou

I will see what I can do for you. One way is to put a bootstrap file in Google drive for you to download. Not worth it for most people, sounds that you need this.

I dont know why my linux wallet wouldnt update i went 12 full rounds and it got stuck on that block each time. Before i went to bed i downloaded the windows wallet and let it update and it was fully updated overnight.   put the dat in from the linux box and its working good now.