Metcalfe's law on value of Nengcoin and Cheetahcoin
Metcalfe's law states that the value of a telecommunications network is proportional to the square of the number of connected users of the system (n2).
Metcalfe's law on value of Nengcoin and Cheetahcoin for me is the number of full nodes on the network, how many users and traders and miners and hodlers, and wallet addresses. Probably two metrics, how many wallet address and full node on the network are main metrics. Full node count is likely to be the most obvious for the success. The value will skyrocket when we scale up.
Nengcoin and Cheetahcoin, bitcoin on mobile phones, a heaven for USB ASIC miners, litecoin and dogecoin on steroids.
My current estimate for both Nengcoin and Cheetahcoin is that full nodes count on both coins are around 100 to 200 full nodes. Long term goal is for both NENG and CHTA to have more full nodes than ethereum, which has 10,000 full nodes around world with $200 billion USD market cap. Short term goal is for 1000/2000 full nodes with rocket price discovery going up. As full node counts sky rocket, both coins should moon on price in 2021!
Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 11. (Read 46813 times)
Nengcoin Hit All Time High Price (USD) on 3/12/2021
There were heavy buying Nengcoin/Cheetahcoin over past two days. By our account, Nengcoin (NENG) price hit all time high on USD term.
Data source
(1) NENG/DOGE trading price was obtained from ShorelineCrypto exchange database raw data, published here:
https://github.com/ShorelineCrypto/shoreline_lt_chart
Using Rstudio, the raw daily trading price/volume can be sorted in Rstudio to find the highest trading price.
(2) DOGE/USD price was obtained from yahoo finance as excel sheet download.
We used DOGE/USD closing price as the daily price for calculation. https://finance.yahoo.com/quote/DOGE-USD/history/
Result of Highest NENG/DOGE price in History
Sheet manually calculated in LibreOffice as shown below, the old all time high trading price on USD was on 08/09/2019 with 539 million daily trading volume at high price of 0.00039 DOGE price. Because dogecoin price rose significantly already over past 2 years, on USD term, today (03/12/2021) NENG price is highest at 2.744E-06 USD, almost 2.4x times more on USD than the peak price of Auguest 9, 2019 for NENG.
Please checkout the sheet table details at:
https://www.reddit.com/r/nengcoin/comments/m3zmp8/nengcoin_hit_all_time_high_price_usd_on_3122021/
There were heavy buying Nengcoin/Cheetahcoin over past two days. By our account, Nengcoin (NENG) price hit all time high on USD term.
Data source
(1) NENG/DOGE trading price was obtained from ShorelineCrypto exchange database raw data, published here:
https://github.com/ShorelineCrypto/shoreline_lt_chart
Using Rstudio, the raw daily trading price/volume can be sorted in Rstudio to find the highest trading price.
(2) DOGE/USD price was obtained from yahoo finance as excel sheet download.
We used DOGE/USD closing price as the daily price for calculation. https://finance.yahoo.com/quote/DOGE-USD/history/
Result of Highest NENG/DOGE price in History
Sheet manually calculated in LibreOffice as shown below, the old all time high trading price on USD was on 08/09/2019 with 539 million daily trading volume at high price of 0.00039 DOGE price. Because dogecoin price rose significantly already over past 2 years, on USD term, today (03/12/2021) NENG price is highest at 2.744E-06 USD, almost 2.4x times more on USD than the peak price of Auguest 9, 2019 for NENG.
Please checkout the sheet table details at:
https://www.reddit.com/r/nengcoin/comments/m3zmp8/nengcoin_hit_all_time_high_price_usd_on_3122021/
First cheetah diff block after hard fork:
https://spools.online/explorer/NENG?height=2663069
The cheetah difficulty changed after hard fork. See above link, the block was mined by CPU miners at cheetah diff = 0.0078
https://spools.online/explorer/NENG?height=2663069
The cheetah difficulty changed after hard fork. See above link, the block was mined by CPU miners at cheetah diff = 0.0078
Currently many pools are on old chains. As far as I am aware, only Cminors and spools.online are on correct v1.6.x chain:
https://spools.online/explorer/NENG
Note: note that spools.online just did a wallet refresh from beginning, so it is on old blocks, catching up.
Below is also online for reference, the explorer has not updated to latest block, but the web site should show a shaddow how much blocks number total, how much nodes connected, that can be a guide. Also below difficulty on menu is correct difficulty currently.
http://nengexplorer.mooo.com:3001/
https://spools.online/explorer/NENG
Note: note that spools.online just did a wallet refresh from beginning, so it is on old blocks, catching up.
Below is also online for reference, the explorer has not updated to latest block, but the web site should show a shaddow how much blocks number total, how much nodes connected, that can be a guide. Also below difficulty on menu is correct difficulty currently.
http://nengexplorer.mooo.com:3001/
Nengcoin has successfully Hard Forked on Block Height with Shallow Reset
Nengcoin (NENG) has successfully hard forked on block height 2655921. The last block that old wallet (v1.5.x version) can sync with v1.6.x is block height 2655920.
Please also note that after the hard fork, effectively Nengcoin had a shallow reset to diff = 0.00244. This is another boom for USB ASIC/GPU solo miners. The shallow reset is purely caused by hard fork, not a common type of reset we saw before.
See below block hash details on the hard fork:
Nengcoin (NENG) has successfully hard forked on block height 2655921. The last block that old wallet (v1.5.x version) can sync with v1.6.x is block height 2655920.
Please also note that after the hard fork, effectively Nengcoin had a shallow reset to diff = 0.00244. This is another boom for USB ASIC/GPU solo miners. The shallow reset is purely caused by hard fork, not a common type of reset we saw before.
See below block hash details on the hard fork:
Code:
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblock 4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5
{
"hash" : "4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5",
"confirmations" : 332,
"size" : 189,
"height" : 2655920,
"version" : 2,
"merkleroot" : "76a992bab827e1ecff58467f553990859574f5566829187d2b3156bbaeec9df6",
"tx" : [
"76a992bab827e1ecff58467f553990859574f5566829187d2b3156bbaeec9df6"
],
"time" : 1615352336,
"nonce" : 13908,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "f2d50ddce3910a8ffe14036c2a81512734334070c906f5b6598a1c0957c30f84",
"nextblockhash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblockhash 2655921
0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblock 0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a
{
"hash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a",
"confirmations" : 333,
"size" : 189,
"height" : 2655921,
"version" : 2,
"merkleroot" : "d808051ff1516b4df41f5fe9b7ac63cad44cac8c185c4c5b14260bb556317e52",
"tx" : [
"d808051ff1516b4df41f5fe9b7ac63cad44cac8c185c4c5b14260bb556317e52"
],
"time" : 1615352479,
"nonce" : 77997,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5",
"nextblockhash" : "8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblockhash 2655922
8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblock 8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d
{
"hash" : "8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d",
"confirmations" : 335,
"size" : 205,
"height" : 2655922,
"version" : 2,
"merkleroot" : "d01753b8cc024f2c73c681d3643f722c46038ecf2c67f8140f7de4d936db607f",
"tx" : [
"d01753b8cc024f2c73c681d3643f722c46038ecf2c67f8140f7de4d936db607f"
],
"time" : 1615352483,
"nonce" : 2794033059,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a",
"nextblockhash" : "ba4304d19664836af9c7a6c88684df7038ca7b1945d4752c011550461081ddc6"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$
$ ./nengcoind getblock 4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5
{
"hash" : "4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5",
"confirmations" : 332,
"size" : 189,
"height" : 2655920,
"version" : 2,
"merkleroot" : "76a992bab827e1ecff58467f553990859574f5566829187d2b3156bbaeec9df6",
"tx" : [
"76a992bab827e1ecff58467f553990859574f5566829187d2b3156bbaeec9df6"
],
"time" : 1615352336,
"nonce" : 13908,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "f2d50ddce3910a8ffe14036c2a81512734334070c906f5b6598a1c0957c30f84",
"nextblockhash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblockhash 2655921
0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblock 0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a
{
"hash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a",
"confirmations" : 333,
"size" : 189,
"height" : 2655921,
"version" : 2,
"merkleroot" : "d808051ff1516b4df41f5fe9b7ac63cad44cac8c185c4c5b14260bb556317e52",
"tx" : [
"d808051ff1516b4df41f5fe9b7ac63cad44cac8c185c4c5b14260bb556317e52"
],
"time" : 1615352479,
"nonce" : 77997,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "4920d40223708a1ce5994cf7d03ebaa247285804ede8a7f58d77ce72a60576a5",
"nextblockhash" : "8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblockhash 2655922
8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$ ./nengcoind getblock 8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d
{
"hash" : "8017341cd1753782c5e6a73cc283209294f97d0deaed3ccdd985d1fc9bd53f8d",
"confirmations" : 335,
"size" : 205,
"height" : 2655922,
"version" : 2,
"merkleroot" : "d01753b8cc024f2c73c681d3643f722c46038ecf2c67f8140f7de4d936db607f",
"tx" : [
"d01753b8cc024f2c73c681d3643f722c46038ecf2c67f8140f7de4d936db607f"
],
"time" : 1615352483,
"nonce" : 2794033059,
"bits" : "1e019999",
"difficulty" : 0.00244138,
"previousblockhash" : "0d04bb6e7b9cd75ecb364ee75281978761ce1d9d8ca6cdc66fcf98db0490e49a",
"nextblockhash" : "ba4304d19664836af9c7a6c88684df7038ca7b1945d4752c011550461081ddc6"
}
hlu@mx:~/nengcoin_v1.6.0.0_ubuntu16.04
$
For the reset yesterday, I mined 220k NENG on my GPU solo mining setup, GTX 1050 Nvidia card. USB ASIC, moonlander2 on two rotating nodes setup mined total of 1.98 million NENG on this reset.
One day after this reset, which was today earlier NENG had another reset. Two resets in a row. This second reset was shallower, I did not mine GPU, only on USB ASIC. My moonlander2 solo mining on two rotating nodes mined another 1.24 million NENG today.
Yesterday was almost 2 million NENG, today more than 1 million, two days in a row, together more than 3 million NENG mined on my small USB ASIC solo rig with only 3.5 Mh/s hash rate.
One day after this reset, which was today earlier NENG had another reset. Two resets in a row. This second reset was shallower, I did not mine GPU, only on USB ASIC. My moonlander2 solo mining on two rotating nodes mined another 1.24 million NENG today.
Yesterday was almost 2 million NENG, today more than 1 million, two days in a row, together more than 3 million NENG mined on my small USB ASIC solo rig with only 3.5 Mh/s hash rate.
February 27, 2021, 10:04:10 PM
Base diff just reset to low level, boom for USB ASIC/GPU solo miners
base difficulty of NENG has reset to 0.002 just minutes ago. Another boom for GPU or USB ASIC solo miners.
Below screen shot is my GPU Nvidia GTX 1050 cards, mined 5 blocks of NENG in a few minutes on solo mining mode:
https://www.reddit.com/r/nengcoin/comments/lu3uj0/base_diff_just_reset_to_low_level_boom_for_usb/
base difficulty of NENG has reset to 0.002 just minutes ago. Another boom for GPU or USB ASIC solo miners.
Below screen shot is my GPU Nvidia GTX 1050 cards, mined 5 blocks of NENG in a few minutes on solo mining mode:
https://www.reddit.com/r/nengcoin/comments/lu3uj0/base_diff_just_reset_to_low_level_boom_for_usb/
February 25, 2021, 01:31:21 AM
Nengcoin v1.6.0.4 Released - Linux Devices on Arm
Nengcoin v1.6.0.4 released with hard fork at block height 2655920. This release is mainly for those arm linux devices such as Raspberry Pi or cloud VPS on arm cpus. The Ubuntu 18.04 on arm64 or armhf is particular interesting as it has an option to compile boost library from source to fix any hardware related issues.
Linux on Arm device wallets Arm (armhf or arm64):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.4
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
Nengcoin v1.6.0.4 released with hard fork at block height 2655920. This release is mainly for those arm linux devices such as Raspberry Pi or cloud VPS on arm cpus. The Ubuntu 18.04 on arm64 or armhf is particular interesting as it has an option to compile boost library from source to fix any hardware related issues.
Linux on Arm device wallets Arm (armhf or arm64):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.4
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
February 24, 2021, 11:23:54 PM
2nd wallet in windows10 for reserve
For those who want to do second wallet for reserve wallet in windows10 or trying to do USB ASIC solo mining that need a second wallet, checkout this: https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.0
Download the windows10 wallet file, it has README and also the reserve wallet bat file.
The content is also on github web at: https://github.com/ShorelineCrypto/nengcoin/tree/master/doc/Win_install
For those who want to do second wallet for reserve wallet in windows10 or trying to do USB ASIC solo mining that need a second wallet, checkout this: https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.0
Download the windows10 wallet file, it has README and also the reserve wallet bat file.
The content is also on github web at: https://github.com/ShorelineCrypto/nengcoin/tree/master/doc/Win_install
February 24, 2021, 12:05:11 PM
How to solve phone mining Dead Chain on reset
Problem:
This NENG reset put my android phone cheetah cpu mining into mining dead chain.
The solution:
stop NENG wallet, or kill the NENG wallet process, restarting NENG wallet solved the issue
Details of technical report:
https://www.reddit.com/r/nengcoin/comments/lrhieu/how_to_solve_phone_mining_dead_chain_on_reset/
Problem:
This NENG reset put my android phone cheetah cpu mining into mining dead chain.
The solution:
stop NENG wallet, or kill the NENG wallet process, restarting NENG wallet solved the issue
Details of technical report:
https://www.reddit.com/r/nengcoin/comments/lrhieu/how_to_solve_phone_mining_dead_chain_on_reset/
February 24, 2021, 12:31:26 AM
Nengcoin v1.6.0.3 Released - Chromebook on x64/Arm
Nengcoin v1.6.0.3 released with hard fork at block height 2655920
Chromeos wallets on x86_64 or Arm (64 bits or 32 bits):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.3
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
Nengcoin v1.6.0.3 released with hard fork at block height 2655920
Chromeos wallets on x86_64 or Arm (64 bits or 32 bits):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.3
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
February 22, 2021, 10:16:13 PM
Nengcoin v1.6.0.2 Released - Android Phone on Arm (arm64 armhf)
Nengcoin v1.6.0.2 released with hard fork at block height 2655920
Android phone/tablet wallets on 64 bits or 32 bits Arm (arm64 and armhf):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.2
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
Nengcoin v1.6.0.2 released with hard fork at block height 2655920
Android phone/tablet wallets on 64 bits or 32 bits Arm (arm64 and armhf):
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.2
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
February 21, 2021, 05:26:15 PM
Nengcoin v1.6.0.1 Released - 9 Distros of Linux on x64 Wallets
Nengcoin v1.6.0.1 released with hard fork at block height 2655920
Linux wallets of 9 distros with upgrade instructions:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.1
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
Nengcoin v1.6.0.1 released with hard fork at block height 2655920
Linux wallets of 9 distros with upgrade instructions:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.1
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
February 21, 2021, 03:12:49 PM
base diff reset to low, boom for GPU/USB ASIC solo miners
base diff just reset to a low number, 0.002. another boom for solo miners on USB ASIC or GPU.
Below is my Nvidia GTX 1050 card solo mining NENG now.
https://www.reddit.com/r/nengcoin/comments/lp5gzq/base_diff_reset_to_low_boom_for_gpuusb_asic_solo/
Update 2 hours later:
Diff rose to 0.01. no longer profitable for my GPU solo mining, just shut down My GPU (Nvidia GTX 1050 card), mined 340k NENG in 2 hours of mining. Not bad
base diff just reset to a low number, 0.002. another boom for solo miners on USB ASIC or GPU.
Below is my Nvidia GTX 1050 card solo mining NENG now.
https://www.reddit.com/r/nengcoin/comments/lp5gzq/base_diff_reset_to_low_boom_for_gpuusb_asic_solo/
Update 2 hours later:
Diff rose to 0.01. no longer profitable for my GPU solo mining, just shut down My GPU (Nvidia GTX 1050 card), mined 340k NENG in 2 hours of mining. Not bad
February 21, 2021, 02:08:48 AM
Nengcoin v1.6.0.0 Released - Win/MacOS Wallets
Nengcoin v1.6.0.0 released with hard fork at block height 2655920
Windows and MacOS wallets with upgrade instructions:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.0
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
Nengcoin v1.6.0.0 released with hard fork at block height 2655920
Windows and MacOS wallets with upgrade instructions:
https://github.com/ShorelineCrypto/nengcoin/releases/tag/v1.6.0.0
This is major release and all new and existing NENG members are required to upgrade wallet. The old version of wallet will not sync at the first cheetah block after block height 2655920
February 15, 2021, 08:54:18 PM
NENG core v1.6.x Hardfork Proposal
Full Report
https://github.com/ShorelineCrypto/nengcoin/releases/download/v1.6.x_proposal/NENG_v1.6.x_Hardfork_Proposal.pdf
- Big CPU Miner Timestamp Attack on v1.5.x
- Security Threat from Big CPU Miner Timestamp Attack
1. Short Term Security Threat - Negligible
2. Long Term Security Threat – Negative Effect on ASICs - Economic Fallout from Big CPU Miner Timestamp Attack
- What about Spike Block triggering 100% CPU Mining Afterwords?
- Details of v1.6.x Hard Fork Upgrade
Full Report
https://github.com/ShorelineCrypto/nengcoin/releases/download/v1.6.x_proposal/NENG_v1.6.x_Hardfork_Proposal.pdf
February 12, 2021, 11:37:34 AM
Im syncing now for more than one day and all was fine. Today since block 2354921 im stuck, waiting now 2 1/2 hours for progress. Anyone same problem or know how to fix the issue?
Try to add more addnote ips for speeding up syncing. There are many IPs for addnode in "liver-nodes" of discord. The discord link is on first page of bitcointalk Ann page here.
February 12, 2021, 07:08:03 AM
Im syncing now for more than one day and all was fine. Today since block 2354921 im stuck, waiting now 2 1/2 hours for progress. Anyone same problem or know how to fix the issue?
https://i.imgur.com/IK2696g.png
https://i.imgur.com/IK2696g.png
February 09, 2021, 10:58:01 PM
The date that Nengcoin became mobile minable is the v1.4.0.0 release below:
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
This is date that mobile phones (android) can mine profitably on NENG day by day. Now with dual mining with Cheetahcoin (CHTA), the current android mining side is quite profitable in android platform.
There is no proof of any other decentralized coins with real reasonable profitable mining experience in android or iphone before Jul 15, 2020
Jul 15, 2020 - NENG v1.4.0 Released for Android Mining and Ubuntu 20.04 support
This is date that mobile phones (android) can mine profitably on NENG day by day. Now with dual mining with Cheetahcoin (CHTA), the current android mining side is quite profitable in android platform.
There is no proof of any other decentralized coins with real reasonable profitable mining experience in android or iphone before Jul 15, 2020
February 09, 2021, 09:57:24 PM
Dispute False Claim by Pi
We noticed some false claims made by Pi that pi is the first one that is mineable on a phone. It is false claim by Pi. In fact we believe pi is scam.
Here is why. Ask this question, is pi decentralized blockchain?
The answer obvious is no. Pi has no blockchain. They may come up with blockchain, but it says will have some kind of KYC. Have you heard of crypto mining, real mining need KYC?
The best I can say it is kind of "airdrop" Pi is doing airdrop pretending to be "mining". Airdrop is not mining. call it as it is.
Mining is real work. It is your equipment plus electricity cost and your own labor (installation, operation,etc) providing a security to a block chain in exchange for a block reward.
We know it is easy to mine lots of coins of NENG/CHTA in android phones. but that is still lots of competition and competing for block reward while providing a decentralized security. Pi is not it.
The fact of the matter is, undisputably, the world first mobile minable decentralized coin is Nengcoin (NENG).
We noticed some false claims made by Pi that pi is the first one that is mineable on a phone. It is false claim by Pi. In fact we believe pi is scam.
Here is why. Ask this question, is pi decentralized blockchain?
The answer obvious is no. Pi has no blockchain. They may come up with blockchain, but it says will have some kind of KYC. Have you heard of crypto mining, real mining need KYC?
The best I can say it is kind of "airdrop" Pi is doing airdrop pretending to be "mining". Airdrop is not mining. call it as it is.
Mining is real work. It is your equipment plus electricity cost and your own labor (installation, operation,etc) providing a security to a block chain in exchange for a block reward.
We know it is easy to mine lots of coins of NENG/CHTA in android phones. but that is still lots of competition and competing for block reward while providing a decentralized security. Pi is not it.
The fact of the matter is, undisputably, the world first mobile minable decentralized coin is Nengcoin (NENG).
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