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Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 33. (Read 46780 times)

member
Activity: 1577
Merit: 23
Is there a difference between running setgenerate true 4 in the console of the wallet and running the CPU cheetah miner?
It looks like there is but before I do install & run it I want to be sure.

-Dave



Big difference.   "setgenerate true 4" on full node wallet usually does not yield good mining results.  This is because DynDiff with constantly changing difficulty level confuses full node wallet too.
The only time this is good is right after reset where the base difficulty is lowest level.  Most of time,  Cheetah cpu mining will out perform this.

Cheetah can be optimized too.  In the video I recommended using interval 10 ,  check every 10 seconds.  This could be shortened to 5, or crazily enough, change this to 1, meaning check every second to
decide start or stop solo CPU mining.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
Is there a difference between running setgenerate true 4 in the console of the wallet and running the CPU cheetah miner?
It looks like there is but before I do install & run it I want to be sure.

-Dave

member
Activity: 1577
Merit: 23
Another spike diff level block mined at:
http://nengexplorer.mooo.com:3001/block/bb4c571e4622c069dc8c7a5119c443c3ae7dc7884a13b8b1fb88cfa954aab96e

The base difficulty stays at 244136 until the next reset.  ASIC/GPU mining is going to be very poor for next 1 day or two.  CPU cheetah solo miners are going to mine pretty much all the blocks until reset
member
Activity: 1577
Merit: 23
base diff has reset to low level. GPU/ASIC mining should be back.
member
Activity: 1577
Merit: 23
Another spike diffculty block mined at:
http://nengexplorer.mooo.com:3001/block/3aeb93ef8a0b52e5c6bc19ce7adb8d36470c32774abbbdcf28b27177968da90e

block number 832933

This means that for next 1 day or two,  Cheetah CPU solo miners will get pretty much all the block.
member
Activity: 1577
Merit: 23
base diff has reset to an extremely low level.  Now GPU or small ASIC solo miners should do well.
member
Activity: 1577
Merit: 23
why so higher diff?

Part of DynDiff algorithm. The first 3 seconds of 244k Spike difficulty was designed to protect against instant mining and against 51% attack. Usually block won't be mined on this spike diff level. If it does, which it did, then it stays as base diff untill next reset. The base diff reset happens every 1440 blocks
jr. member
Activity: 124
Merit: 0
why so higher diff?
member
Activity: 1577
Merit: 23
Coin:   NENG
Blockhash:   e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
Confirmations:   27
Height:   824340
Time:   2019-10-01 12:28:16 (1569932896)
Difficulty:   244136.93371901
Bits:   1a44b82f
Nonce:   3082086231
Version:   2
Size:   604 bytes
Previous Hash:   3f6325eedb43055ed4cf033dc379ca88b7dbacf558173f52b86827ba75e4e212
Next Hash:   267bf39edd9c3e9c784033f317ead51ae0dc621599050ed6de9725d302529b18
Merkle Root:   1dcbe9ab0485142e5969422839d2c4b335cfbebd7145993bb2a2da65c469d345
Transactions:   2

mined my pool ))) https://pool.ga

Just noticed that moments ago. This sky high base difficulty now makes NENG not ASIC/GPU minable for a while now.

Just a quick calculation, it could take weeks before NENG becomes ASIC minable again.  Best case is two days.
member
Activity: 1577
Merit: 23
For a near term next several days or weeks,  only Cheetah CPU solo miners can find blocks.   NENG now is almost 100% CPU mining coin for now.

An unusual event happened on NENG block chain.  The first Spike difficulty level block was found:
http://nengexplorer.mooo.com:3001/block/e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
block number 824340  with difficulty of 244136.9.  This spike level was difficulty within first 3 seconds.  This also means that base difficulty is reset to 244k.  Pretty much all mining reward now goes to Cheetah CPU solo miners until the base difficulty works down to very low level from 244k.  No GPU nor ASIC can find blocks for a while because the base difficulty is sky high. The base difficulty wind down could be several days or weeks.
newbie
Activity: 105
Merit: 0
Coin:   NENG
Blockhash:   e87c334fc6a9cb10571c45ddb7ba1fa2fcdfaf12ffceb445dcb60f4254ed655a
Confirmations:   27
Height:   824340
Time:   2019-10-01 12:28:16 (1569932896)
Difficulty:   244136.93371901
Bits:   1a44b82f
Nonce:   3082086231
Version:   2
Size:   604 bytes
Previous Hash:   3f6325eedb43055ed4cf033dc379ca88b7dbacf558173f52b86827ba75e4e212
Next Hash:   267bf39edd9c3e9c784033f317ead51ae0dc621599050ed6de9725d302529b18
Merkle Root:   1dcbe9ab0485142e5969422839d2c4b335cfbebd7145993bb2a2da65c469d345
Transactions:   2

mined my pool ))) https://pool.ga
newbie
Activity: 641
Merit: 0
hard to make any neng now - hashrate is high now
newbie
Activity: 641
Merit: 0
NENG MINING POOL - FEE 1% Payouts are made automatically every 1 hours


-o stratum+tcp://pool.ga:3433 -u NijiLwfGU3LqZAK3u7D69u58WKseixsMoZ -p c=NENG

admin e-mail [email protected]



great i mine neng at your pool

i want to mine quebecoin scrypt algo also  to your pool  Smiley
if you add this coin - you have only neng now
newbie
Activity: 105
Merit: 0
NENG MINING POOL - FEE 1% Payouts are made automatically every 1 hours


-o stratum+tcp://pool.ga:3433 -u NijiLwfGU3LqZAK3u7D69u58WKseixsMoZ -p c=NENG

admin e-mail [email protected]
newbie
Activity: 641
Merit: 0
https://altmarkets.io/voting 

good exchanger to list and cheap  - by voting   under $50

member
Activity: 1577
Merit: 23
I do appreciate the work that is done here!

By the way, Happy Birthday to NENG!

@honglu69

Have you ever thought of listing NENG at a further Exchange, despite it is the underlying curreny of your platform?

At the moment you are still under 20% mined coins, e.g. Yobit would cost not too much, compared to others.

https://yobit.net/en/addcoin/

In a year or so it might be perhaps - too late. As in a bull run the fees for listings will strongly rise as it has been in 2017/2018, I do expect.

And: A further listing could be a promotion tool for your scrypt-coins-platform shoreline-crypto, as well.

Greetings!

n.

Congratulations for 1 year of NewEnglandcoin!

For the question of more listing on more exchanges.  The road block is mainly the funding.  To be honest, there are really no funding from anywhere for paying that much (0.1 btc) for other exchanges for NENG.
Other than the funding, there are no issues for listing in other exchanges, as dev I will provide as much as support including wallet compiling etc work or advise for it to happen.

I myself now have dual role in crypto world.  First, I am  dev of NewEnglandcoin under voluntary base with no pay.  I do not expect to have any pay beyond you specified, an already 0.8 billion premine NENG for dev team mainly for development on software side.  Second,  I operate a local New England business ShorelineCrypto exchange for profit.  They are closely related because of NENG, but they are two different kind of purpose and I am trying my best to separate these two without affecting either.  They should benefit each other in the long run in my take.

The motivation for me on NewEnglandcoin initially was mainly an educational or intellectual curiosity bases.  I love bitcoin, and in the last two years I invested quite a lot in bitcoin personally. and that is my main investment interest in crypto world. I am not bitcoin maximalist and believe there are other coins for utility and cultural reasons.  Here comes NENG.  initially was a coin for me to learn bitcoin,  bitcoin-RPC programming, shoreline exchange setup,  bitcoin mining,  51% attack prevention with DynDiff etc.  I live in New England, and this is where my love is culturally, that is naturally a coin for New England, used for my business ShorelineCrypto exchange.

In the long run,  NENG is in comfortable position the way I see it.  First shorelinecrypto exchange operate in low cost fashion and I have funding here available for it to run no matter what for at least next several years.
This means that no matter what NENG will be traded 24 hours a day and 7 days a week in next several years in no matter what to crypto world bull/bear mood.   I myself is committed to NENG dev so that we have at least one dev on the coin no matter what.

What the coin lacks is the marketing and community interest side.  Compared to NewYorkcoin (NYC), the community activity is drastically smaller, and probably that is why NENG only trades at less than 1% of market cap of New York coin.  I would hope the community gets much bigger and a community based committee takes over the decision making on this coin for funding, donation, marketing activities, more exchange listing etc.  The community is not there, we are still in this stage where dev activity is actually a lot more stronger than community activities.

On the other hand, this may be a reason for other people to join.   Low price also means bigger profit in the future when the community/dev actions together push this coin price higher.
jr. member
Activity: 100
Merit: 1
Pool for Future-Airdrops already at 9.000.000 NDL
I do appreciate the work that is done here!

By the way, Happy Birthday to NENG!

@honglu69

Have you ever thought of listing NENG at a further Exchange, despite it is the underlying curreny of your platform?

At the moment you are still under 20% mined coins, e.g. Yobit would cost not too much, compared to others.

https://yobit.net/en/addcoin/

In a year or so it might be perhaps - too late. As in a bull run the fees for listings will strongly rise as it has been in 2017/2018, I do expect.

And: A further listing could be a promotion tool for your scrypt-coins-platform shoreline-crypto, as well.

Greetings!

n.
member
Activity: 1577
Merit: 23
NewEnglandcoin (NENG) is Selected as Shoreline Tradingbot First Supported Coin

What is Shoreline TradingBot?
Shoreline TradingBot is open sourced project that offers simple trading strategy for cryptocurrency listed at ShorelineCrypto Exchange. The current trading strategies available are "buysell", "buyonly", "sellonly" on fixed price and fixed amount.

ShorelineCrypto Exchange API interface will be used in this python code.

NewEnglandcoin (NENG) will be Tested
While the tradingbot is expected to work on all coins listed at ShorelineCrypto exchange, only NewEnglandcoin (NENG) on DOGE-NENG pair will be tested fully by dev.

github source:  
https://github.com/ShorelineCrypto/shoreline_tradingbot
member
Activity: 1577
Merit: 23
NENG graphic logo bounty is extended to September 30, 2019.  August new sign up for airdrop is paid out.  Bots signup with no twitter following were automatically excluded and disqualified for twitter airdrop.
member
Activity: 1577
Merit: 23
base diff just reset to very low level. Another boom for GPU miners.
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