i see this as a pointless endeavor. it doesn't matter whether the asics are stuck for several minutes to several hours, the difficulty will still be based upon such a high difficulty do to the ASICS just mining, that the miner is now paying to mine the coin with thier cpu with no possibility of any return.
it's a novel idea, but a pointless endeavor. You have a better chance of return if you buy a lottery ticket.
I of course disagree with "pointless endeavor" view. For the moment, this algorithm change is merely to make NENG CPU minable coin. This is breaking the monopoly of ASIC centralization mining.
Decentralization is always goal of bitcoin, litecoin or dogecoin or NewEnglandcoin cryptocurrencies. Over the past several weeks when I alone ran alpha version of Cheetah, roughly 10% to 20% of block rewards were obtained by CPU miners. The majority went to ASIC miners. My 10 year old 2 core linux PC yielded 1 million NENG per day in average. Some rare lucky days my Linux running cheetah obtained 5 million NENG per day
What you are correct is that the cost of CPU mining of NENG is much higher than ASIC. Therefore, I foresee the current CPU miner of NENG are casual miners. When one
use PC (linux or window), just run cheetah to get some reward. Then shut down when one sleep. Another usage are for those masternode Linux miners.
Masternode software does not take much CPU or memory resources. Just run a version of cheetah, and NENG full node within the same cloud linux machine, then obtain additonal rewards with no additional cost.
Wait for my release of technical white paper of NewEnglandcoin within days. I will explain next level dynamic difficulty algorithm upgrade to be used against 51% attackers and to secure the NENG blockchain.
