Pages:
Author

Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners (Read 45944 times)

member
Activity: 1545
Merit: 23
Nengcoin v2.4.0 Released - Hard Fork on Height 5438386


This is Nengcoin core hard fork release on version v2.4.0 for all users and miners with full Version tag "v2.4.0.0-randomSpike-P13x".  This is major release with hard fork forks so that all miners/users are required to upgrade to new version wallet. The extra character P in full version stand for new feature of automatic rolling 96 blocks deep re-organization Protection implemented in this release.

This new version v2.4.0 will fork on first cheetah block after block height 5438386 for sure. The new release also includes rolling 96 blocks checkpoint feature to protect against 51% attack.  Any hidden mined chains that require more than 96 blocks of block re-organization will be rejected and orphaned by full nodes even if the attacking hidden chain has more work than the public chain.   The hard fork event is projected to happen in 1 and half month or in early June, 2024.

Wallet download sites:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v2.4.0


This hard fork release fully implemented our previously released hard fork proposal.  Please read full text of proposal for details:

https://github.com/ShorelineCrypto/nengcoin/releases/tag/v2.4.0_proposal
member
Activity: 1545
Merit: 23
Nengcoin v2.4 Hard Fork Proposal, Rolling 96 Blocks Checkpoints
Hong Lu, Developer of Nengcoin & ShorelineCrypto
04/07/2024


Nengcoin v2.4 Hard Fork Upgrade Proposal

Here we announce that the new coming nengcoin core software release will be on v2.4.0 version with full version tag in wallet “"v2.4.0.0-randomSpike-P13x".   This new release is major upgrade release that will be expected to have hard fork.  The main purpose of this new release is to significantly enhance Nengcoin security model to protect against 51% attack (double spending) with new major feature of auto-finalizing block once they reached a certain depth (current proposal is 96 blocks, but subject to change on actual release).  

New feature summary:
(1) Hard fork at block height TBD,  cheetah diff drop by 20x to 0.000244 and spike diff rise 2x to 244k
(2) Enable auto-finalizing block on and after 96 blocks

* Auto-rolling 96 Blocks Checkpoints
* Security and Effectiveness of Auto-rolling Checkpoints Feature
* My Bitcoin Journey/Philosophy on Blocksize War
* Reviving Android Phone /  CPU Mining
* Timestamp Attack or Timestamp Game?

For full text of the report, checkout pdf or word doc at:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v2.4.0_proposal
member
Activity: 1545
Merit: 23
NOMP-neng v1.0.0 released at github

NOMP-neng is an open sourced solo private pool that allows Neng
coin crypto miners to easily deploy scrypt NOMP mining pool on linux on docker.

https://github.com/ShorelineCrypto/NOMP-neng

Scrypt miners on USB ASIC (futurebit moonlander2, Gridseed 5chip, etc) can run private pool easily with NOMP-neng at home. Decentralization, Own your NENG Full Node at home! Suitable for CPU, GPU, USB ASIC, ASIC for all Rig Miners!

https://twitter.com/shorelinecrypto/status/1773178711254217144
member
Activity: 1545
Merit: 23

I downloaded and installed NENG wallet from the following address:
https://github.com/ShorelineCrypto/nengcoin/releases

For faster syncing of NENG wallet,

Can you put the nod codes of this wallet here?


You can addnode in your conf file, and restart wallet. to add nodes, get from explorer:

http://nengexplorer.mooo.com:3001/network

click menu button "Add Nodes",  24 lines of add nodes will show up,  copy and paste those into your "nengcoin.conf" file at bottom, save and then restart full node.

No,  those nodes will not likely hard coded into core wallet.  There will be other method like I said about on conf files. The nodes are plenty, they change all the time.
newbie
Activity: 96
Merit: 0

I downloaded and installed NENG wallet from the following address:
https://github.com/ShorelineCrypto/nengcoin/releases

For faster syncing of NENG wallet,

Can you put the nod codes of this wallet here?
member
Activity: 1545
Merit: 23

Hi admin

I downloaded and installed the NENG wallet,

At the bottom of the Network Traffic Page,

Synchronization duration is shown to be 5 years and 21 weeks,

Syncing is too slow,

Is there a way to make sync faster?

Make sure you use the latest core version v2.3.0.  There are many nodes, you should sync within 1 day or 2 if connected with other peers.

If you do not like the full core node syncing speed, maybe not to use core,  instead, I recommend to use Komodo Wallet (Linux, windows, macOS, android, iOS) or electrum-NENG wallet. Both are light wallet and there is almost no syncing issue using either light wallet to hold NENG.
newbie
Activity: 96
Merit: 0

Hi admin

I downloaded and installed the NENG wallet,

At the bottom of the Network Traffic Page,

Synchronization duration is shown to be 5 years and 21 weeks,

Syncing is too slow,

Is there a way to make sync faster?
member
Activity: 1545
Merit: 23
Spike Block Mined at Height 5028038
A spike block at height 5028038 was mined at difficulty = 122k. Security mechanism of this coin is triggered and this 122k difficulty stay as regular difficulty for big ASIC rigs until next difficulty adjustment.
explorer for spike block mined:
http://nengexplorer.mooo.com:3001/block/91565c1c7825b366a2726fc692e9fb148cb91af29276908cb449e4a4e58d7ba4
member
Activity: 1545
Merit: 23
Yes, that dominant miner most likely is a big CPU miners with very big CPU resources like gaming-level high end of PC or MacOS and mining NENG.  Historically there are only a few powerful CPU miners mining NENG and lack of miner competition means dominant of rewards.

No I do not believe this is failure of "randomSpike".  I do not have gamining PC.  If you want reward of NENG and you do and are willing to compete in mining NENG, yes, you will join the big miner reward on low diff period.  You can be this "unknown" miner if you want to be. Mining is free market competition on open sourced coin.
  
This coin is scrypt coin, but it is special kind of scrypt that for ALL miners including non-ASIC miners.  There is nothing wrong if during low diff period, big ASIC miners are not dominant miners. This is a feature of this coin.

Oh, more likely CPU not GPU? Interesting. Usually high end gaming PCs have good GPUs but not necessarily super expensive CPUs. Interesting feature of the coin. I will try mining with CPUs and see how it goes.

Thanks again for the replies!

at low diff, this coin is more CPU than GPU just my guess.  miners do not disclose how they mined. But I heard from miners bits here and there from discord that knew that big CPU solo miners (or pool solo miners, either way) were into this coin at low diff.

At high diff, this coin is more of ASIC big rigs play just like litecoin/dogecoin.  In the middle ground, maybe USB ASIC play.  Here and there, android phone miners on "Cheetah_CPuminer" software platform solo miners will pick up full blocks on low % of rewards.  

I never heard of loud noise from GPU miners in the recently past. Certainly it is possible to mine from GPU side, I just do not know.  In early years of NewEnglandcoin solo mining (before the name change), GPU solo miners were very profitable on this coin at low diff fast reset. But time changed and algorithm changed on GPU side.

If you try yourself, make sure you mine on solo mode. Best if you can do home based solo wallet setup. The next best is solo mode at pool. The worst is shared mode at pool.
member
Activity: 130
Merit: 10
Yes, that dominant miner most likely is a big CPU miners with very big CPU resources like gaming-level high end of PC or MacOS and mining NENG.  Historically there are only a few powerful CPU miners mining NENG and lack of miner competition means dominant of rewards.

No I do not believe this is failure of "randomSpike".  I do not have gamining PC.  If you want reward of NENG and you do and are willing to compete in mining NENG, yes, you will join the big miner reward on low diff period.  You can be this "unknown" miner if you want to be. Mining is free market competition on open sourced coin.
  
This coin is scrypt coin, but it is special kind of scrypt that for ALL miners including non-ASIC miners.  There is nothing wrong if during low diff period, big ASIC miners are not dominant miners. This is a feature of this coin.

Oh, more likely CPU not GPU? Interesting. Usually high end gaming PCs have good GPUs but not necessarily super expensive CPUs. Interesting feature of the coin. I will try mining with CPUs and see how it goes.

Thanks again for the replies!
member
Activity: 1545
Merit: 23
Please read white paper and possibly checkout github source code if you can on Nengcoin (NENG) security model behind the low diff you are seeing now.

So far, we have not been attacked on 51% for about 2 years.  note that NENG has been in CEX trading from SouthXchange to now nonKYC.io bigger exchange all day long, only recent couple of weeks that we had no trading at CEX and only light trading at DEX recently.

I don't have time for that, but thanks I appreciate the info.

Can you explain why it's so hard to mine with ASICs? Is that due to the randomSpike thing?

Also, how is "Unknown" basically getting like 90% of all new blocks? Is that a sign of randomSpike failing? If you look at the wallet it's being mined to, that person has about 201m NENG: http://nengexplorer.mooo.com:3001/address/NVi9VDFwRjYA2GiFrZ7KZmSf1gmDdaFCx6 Or am I missing the point of the randomSpike feature?



Yes, that dominant miner most likely is a big CPU miners with very big CPU resources like gaming-level high end of PC or MacOS and mining NENG.  Historically there are only a few powerful CPU miners mining NENG and lack of miner competition means dominant of rewards.

No I do not believe this is failure of "randomSpike".  I do not have gamining PC.  If you want reward of NENG and you do and are willing to compete in mining NENG, yes, you will join the big miner reward on low diff period.  You can be this "unknown" miner if you want to be. Mining is free market competition on open sourced coin.
  
This coin is scrypt coin, but it is special kind of scrypt that for ALL miners including non-ASIC miners.  There is nothing wrong if during low diff period, big ASIC miners are not dominant miners. This is a feature of this coin.
member
Activity: 130
Merit: 10
Please read white paper and possibly checkout github source code if you can on Nengcoin (NENG) security model behind the low diff you are seeing now.

So far, we have not been attacked on 51% for about 2 years.  note that NENG has been in CEX trading from SouthXchange to now nonKYC.io bigger exchange all day long, only recent couple of weeks that we had no trading at CEX and only light trading at DEX recently.

I don't have time for that, but thanks I appreciate the info.

Can you explain why it's so hard to mine with ASICs? Is that due to the randomSpike thing?

Also, how is "Unknown" basically getting like 90% of all new blocks? Is that a sign of randomSpike failing? If you look at the wallet it's being mined to, that person has about 201m NENG: http://nengexplorer.mooo.com:3001/address/NVi9VDFwRjYA2GiFrZ7KZmSf1gmDdaFCx6 Or am I missing the point of the randomSpike feature?

member
Activity: 1545
Merit: 23
Nengcoin (NENG) is listed at Coingecko!

We are excited to announce that Nengcoin (NENG) is listed at Coingecko with nonKYC trading pricing!
Coingecko is the world's largest independent cryptocurrency data aggregator. From now on, millions of crypto traders and users can find Nengcoin (NENG) chart and quote easily!

https://www.coingecko.com/en/coins/nengcoin

So we're just not going to talk about how the difficulty is 0.0 and the Network hash rate is 0.17MH/s as seen on: http://nengexplorer.mooo.com:3001/ when there's no way that can be accurate because some "Unknown" miner is getting like 99% of the blocks?

Is it potentially a 51% attack or something?





Please read white paper and possibly checkout github source code if you can on Nengcoin (NENG) security model behind the low diff you are seeing now.

So far, we have not been attacked on 51% for about 2 years.  note that NENG has been in CEX trading from SouthXchange to now nonKYC.io bigger exchange all day long, only recent couple of weeks that we had no trading at CEX and only light trading at DEX recently.
member
Activity: 130
Merit: 10
Nengcoin (NENG) is listed at Coingecko!

We are excited to announce that Nengcoin (NENG) is listed at Coingecko with nonKYC trading pricing!
Coingecko is the world's largest independent cryptocurrency data aggregator. From now on, millions of crypto traders and users can find Nengcoin (NENG) chart and quote easily!

https://www.coingecko.com/en/coins/nengcoin

So we're just not going to talk about how the difficulty is 0.0 and the Network hash rate is 0.17MH/s as seen on: http://nengexplorer.mooo.com:3001/ when there's no way that can be accurate because some "Unknown" miner is getting like 99% of the blocks?

Is it potentially a 51% attack or something?



member
Activity: 1545
Merit: 23
Nengcoin (NENG) is listed at Coingecko!

We are excited to announce that Nengcoin (NENG) is listed at Coingecko with nonKYC trading pricing!
Coingecko is the world's largest independent cryptocurrency data aggregator. From now on, millions of crypto traders and users can find Nengcoin (NENG) chart and quote easily!

https://www.coingecko.com/en/coins/nengcoin
member
Activity: 130
Merit: 10
Something is seriously wrong with this network! If poolmz.online has 96.2% of the hashrate, how are all these Unknown blocks getting mined? 96% of the network hash rate but 25 mins to find a block? :O

Code:
5018051		
5018050
5018049
5018048
5018047
5018046
5018045
5018044
5018043
5018042
5018041
5018040 poolmz.online 25 minutes

https://i.imgur.com/VgstNUV.png

Difficulty 0.0?? Hmm.

member
Activity: 130
Merit: 10
komodo is nice solution for crypto with atomic swaps

to sync you need to add addnote http://nengexplorer.mooo.com:3001/network  

I'd rather use the legit wallet. Thanks!!
jr. member
Activity: 148
Merit: 1
Is there a trick to get the wallet released June 6th, 2022 to sync? Not using that Komodo bullshit whatever that is.


komodo is nice solution for crypto with atomic swaps

to sync you need to add addnote http://nengexplorer.mooo.com:3001/network 
member
Activity: 130
Merit: 10
Is there a trick to get the wallet released June 6th, 2022 to sync? Not using that Komodo bullshit whatever that is.
member
Activity: 1545
Merit: 23
First Day Trading at nonKYC suppassed $100 USD volume

 
First day trading at nonKYC.io exchange for Nengcoin (NENG), aka NewEnglandcoin has been quite successful so far. The trading volume surpassed $100 USD.

Lot of site did not catch this and I found the best site showing pricing and mining hash rate action on this date is at miningpoolstats at:
https://miningpoolstats.stream/newenglandcoin

Note that miningpoolstats still shows our old name NewEnglandcoin while the ticker and symbol is correct.

Attached at reddit are top and bottom screen shot of first date trading and mining actions:

https://www.reddit.com/r/nengcoin/comments/19f1q12/first_day_trading_at_nonkyc_suppassed_100_usd/
Pages:
Jump to: