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

[honglu69]

It appears that all ASIC left NENG mining. Now CPU cheetah solo miners are dominating almost all the rewards.

Correction, not all left, large hashrate of big asic left. CPU miners are getting big chunk of rewards.

[honglu69]

base difficulty has reset overnight to a low level. GPU small ASIC solo miner boom.

Odd, did not see that much in a bump of what I usually get. I only check the miners once a week, it's 2 cpus, 2 moonlander2 and a NVidia 1650 card.
Usually when you post the reset notice I come back to 75m to 100m coins. Now, barely at 25m. How long was is low for?

Also, looks like the pool on the old chain has stopped. That or they stopped updating their stats page.

Stay safe.

-Dave

It was a shallow dip to a low level,  not the typical type of drop to rock bottom.  The shallow dip provided a good boom for less than 1 day only.

[honglu69]

A spike difficulty block was mined:
http://nengexplorer.mooo.com:3001/block/8b91747fbf042316488968d196754477039ffc0a5da2a20fb1d75c8a8de63e85

This would trigger CPU cheetah solo miners to 100% dominate the mining rewards until the next reset.  Until next reset, the spike difficulty becomes base difficulty effectively.

At 244k difficulty level, a few L3 ASIC won't find any new blocks. Only Cheetah CPU solo miners can find blocks.

[honglu69]

base difficulty has reset to very low level, close to zero.  Boom for GPU or USB small ASIC solo miners

[honglu69]

Just captured moments ago from https://miningpoolstats.stream/newenglandcoin :

   

NewEnglandCoin  NewEnglandCoin (NENG) Scrypt Network 25.42 MH/s Hashrate 249.07 MH/s Blocks in last 100 79 unknown Block Height   Last Found

1.     zpool.ga 236.12 MH/s 9 -10.9 1482028 1482028 4 min

2.     findblocks.com 6.54 MH/s 5 +4.3 1482023 1482023 5 min

3.     cminors-pool.com 6.41 MH/s 7 +6.6 1482029 1482025 4 min

In summary,  zpool has 236.12 mh/s hashrate,  only found 9 out of 100 blocks.    findblocks has 6.54 Mh/s, found  5 out of last 100 blocks.
Right now NENG block chain is at reset day, 0.06 base difficulty.  At reset day,  big hashrate means very little in winning rewards.

On base reset day,  the NENG mining is disproportionately in favor of small GPU solo miners and small ASIC (most likely on USB) solo miners and also small mining pools.

[honglu69]

Based on explorer, it is likely another spike difficulty block was mined by big ASIC rig.  The base difficulty effectively go back to
244k and more or less 100% mining dominance by CPU cheetah solo miners.

[honglu69]

base difficulty reset again to low level.  Another boom for GPU solo miners and solo USB ASIC miners.

[honglu69]

base difficulty reset again to low level, shallow reset.  Another boom for GPU solo miners and solo USB ASIC miners.

[honglu69]

Looks like big ASIC rigs all left NENG mining. Now CPU cheetah solo miners are dominating on the rewards.

[honglu69]

A shallow reset to a low base difficulty below 1.  boom for small USB ASIC solo miners and gpu solo miners

[Sparks60]

do not use https://dtrade.ga/ it is a scam they WILL steal your coins
this is correct they scammed me also!

[honglu69]

big ASIC miners appear to have left. CPU cheetah solo miners are dominating on rewards

[Quantic coin]

exchange please??

[honglu69]

exchange please??

https://shorelinecrypto.com/market/DOGE-NENG

[honglu69]

base difficulty reset again to a low level. boom for solo GPU miners or USB ASIC miners

[honglu69]

base difficulty reset again to a very low level. Boom for GPU/USB ASIC solo miners.

[honglu69]

Earlier today base difficulty reset again to a very low level. Boom for GPU/USB ASIC solo miners.

[honglu69]

a spike block was mined by big ASIC:
http://nengexplorer.mooo.com:3001/block/cb74a62ca7fc768d39242af2fd089d83a816789b28d6ca1692c765571d1b01fd

This spike diff will stay as base diff until reset. CPU Cheetah solo miners will dominate until next base difficulty reset.

Right now NENG is not minable for GPU or ASIC miners. Only CPU miners can mine now.

[honglu69]

base difficulty has just reset to very low level, boom for GPU or USB ASIC solo miners.

[honglu69]

base difficulty has just reset to very low level, a new boom for GPU or USB ASIC solo miners.