Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 2. (Read 46973 times)

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!

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.

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?

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.

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?

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

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


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

Difficulty 0.0?? Hmm.

I'd rather use the legit wallet. Thanks!!

komodo is nice solution for crypto with atomic swaps

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

Is there a trick to get the wallet released June 6th, 2022 to sync? Not using that Komodo bullshit whatever that is.

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/

Nengcoin (NENG) is listed at nonKYC.io Exchange
We are excited to announce that Nengcoin (NENG) is listed at NonKYC Exchange on two trading pairs (NENG/USDT and NENG/DOGE). Please be aware that nonKYC does impose minimum deposit and minimum withdraw ($1 USD equivalent). Happy trading fellow Nengsters!
https://nonkyc.io/

Proposal to Raise Fund for nonKYC.io Listing Immediately - Treasury/Donation

High Level Summary - raise about $1000 USDT listing fee for nonKYC.io immediately and apply for listing on Sunday Jan 21, 2024
Projected listing date: Next week, Jan 22 - 23, 2024

Source of funding - Community Treasury + Donation from Dev.

Cheetahcoin has been listed at nonKYC.io with great result.  NonKYC.io is much better centralized exchange than SouthXchange with great liquidity as seen
in past Cheetahcoin trading actions.  There is need to act fast and list into a good CEX at low cost immediately, not to drag on feet.  The more CEX with great
liquidity is better, but the reality is that donation raising takes time as seen in last SouthXchange listing period 3 years ago during last bitcoin bull market. The community was stronger with much more activities in discord/reddit, but donation was not easy, it took several months and effort from all teams actions. We can not afford such long wait and effort for first CEX listing.  

The listing fee is low enough that solution is ready in this proposal.

Funding source: Donation from dev (Hong) and Treasury funding , see below details.

- Treasury funding on NENG only,  no other coins.  The current treasury balance:

(1) Donation balance - 663 million NENG,  came from past donation for the Hack events for community use, but never used before.  
http://nengexplorer.mooo.com:3001/address/NMiWtMQg98v6mmhAXasGD95HjzYP9ivCGG
(2) Excess NENG reserve for WNENG backing - 733 million
This was the 1% premine to back up WNENG 1:1. There are only 740 million WNENG that needs backing. The NENG reserve was reserved too much.  
The current community treasury holding includes 1473 million NENG plus insignificant WNENG holdings.
http://nengexplorer.mooo.com:3001/address/NdN2uarD1uahqHWmr4SXvysiJyyxXCqvYZ

1.473 billlion minus 740 million for 1:1 WNENG backing, the excess NENG = 733 million NENG

Total above (1) + (2) combined = 1396 million NENG
Using pre-southXchange shut down date pricing about 0.00000300 DOGE pricing then, this was about 4188 DOGE or 350 USD of treasury funding in USDT.

-  Donation from Dev Hong - remaining balance of $1000 USDT, or 650 USDT

Total combined:  enough funding for nonKYC.io CEX application immediately. Dev Hong will exchange above 1.396 billion NENG for fair value of USDT
If any member have issue or concerns, please raise the issue in discord at:
https://discord.gg/UPeBwgs

WNENG  issue - WNENG is out of SouthXchange.  There is chance to list WNENG into atomicDEX trading in the future, working with @cipi on Komodo
discord already.  The WNENG/BNB trading in Pancakeswap continues without change.  

southx is closing down tomorrow, i wouldn't send anything there
use Komodo Wallet to trade NENG: https://github.com/KomodoPlatform/komodo-wallet-desktop/releases

You can buy Nengecoin at SouthXchange https://main.southxchange.com/

I say keep it in your personal wallet until it is listed on a new exchange  https://nengcoin.org/wallet/

Hello admin,

Which exchange trades Nengecoin?

To which exchange should we send Nengecoins?

southXchange Shutdown on  January 31st 2024

SouthXchange announced shut down notification on its web page earlier today that it will stop trading and deposit on January 15th 2024 and completely shut down on Jan 31, 2024, which will be last withdraw date from its wallet.  SouthXchange is our main centralized exchange for trading while
dex trading in Komodo Wallet/AtomicDEX will continue as usual.
Please  be aware of this southXchange shut down event and withdraw your Cheetahcoin, Nengcoin, Dogecoin along with other coins from this exchange before the shut down date.

The full text of southXchange shut down notice:
 https://southxchange.gorgias.help/en-US/important-update-regarding-southxchange-383212

Nengcoin (NENG) is listed at CoinGecko

Great news today. Nengcoin (NENG) just get listed at the world's largest independent cryptocurrency data aggregator or cryptocurrency chart / quote web site Coingecko.

NENG web site:
https://www.coingecko.com/en/coins/nengcoin


Coingecko also has its own Android and iOS phone app for tracking and charting all the listed coins including Nengcoin.  You can now put NENG into watchlist or portfolio in its web or phone app.  Currently Coingecko tracks two Nengcoin active trading markets:  southXchange and Komodo Wallet (or  AtomicDEX in other web sites). 

Nengcoin has been listed at other three coin tracking/quote web sites and phone apps already: Coinpaprika, Live Coin Watch, Coincodex,  along with other smaller web sites such as CoinCheckup, Coinranking, Blockspot, etc.

DOGE network congestion impacting atomicDEX trading
DOGE network congestion impacting atomicDEX trading
Right now dogecoin network is congested with high fees. Be careful of trading atomicdex for DOGE pair. KMD pair DEX trading is not impacted for now. Checkout Komodo discord for the issue discussion.

The dogecoin pair (CHTA/DOGE, NENG/DOGE) trading in atomicdex with komodo wallet (desktop or phones) is unlikely to be successful now until the DOGE network congestion is over or Komodo upgrade their code base to allow high fees in trading. The default DOGE fee (0.01 DOGE) is hard coded in atomicdex coin repo code base and will stay unconfirmed in doge mempool at this moment forever. A new code fix has been proposed in Komodo discord support channel, but still pending for code review and for future upgrade approval.

The network congestion in bitcoin and ETH were common in the past. It is rare event in dogecoin history. Last time DOGE network congestion lasted for about 1 week months ago because of DRC-20 meme minting craziness.