Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 36. (Read 46675 times)

will there be more exchanges ?

need more exchanges！

If you have GPU or ASIC,  mine NENG in same way as a typical scrypt coin (such as litecoin, dogecoin or New york coin).

If you want to mine with CPU,  desktop or laptop (Intel PC or Mac or Linux),  follow Cheetah software README on github page, scroll down a bit there:

https://github.com/ShorelineCrypto/cheetah_cpuminer

I would also like to get this coin.Where can I find instructions for setting up a miner for the processor?I see the pools, but I didn’t understand how to mine.

First round of airdrop was paid for 100k NENG each.

The twitter airdrop is still ongoing until max 1000 is hit.

Graphic logo bounty reward is still ongoing extending the deadline to May 31, 2019.

Again,  the base difficulty of the mining is reset to quite a low number now.  GPU miners should join now.

Good work! Bitcoin from a coin to trade is transformed into a means of saving capital. In the future, all trade paired will be relative to other coins (Litecoin, Dogecoin). The sooner people accept this fact, the faster the crypto market will come to life.

The first Fiat NENG/USD purchase went through yesterday successfully for the dollar amount $5 USD for total of 20 million NENG.

The process is still manual, the NENG trading liquidity is still quite poor. But it is starting point. We have hope and confidence that NENG will become a niche and important cryptocurrency in the long run.

Cheer for New England!

Clarification on non-U.S. users:

A member in DISCORD raised question whether UK users can buy NENG with USD or not.  The fiat project rely on Cash App, which we thought that it is only available in U.S.   But indeed Cash App is in UK too with restricted functions.  In U.S.A,  user can buy sell withdraw bitcoin in Cash App while the U.K. version of Cash App has no bitcoin feature.  We do not know whether cross border US/UK payment in USD is allowed or not.  My gut feeling is NOT.

ShorelineCrypto is not going to restrict countries in Fiat NENG project.  If a UK member can pay with Cash App in USD cross border, yes, he/she can buy NENG with fiat USD at offered price.

NENG Community can either vote or pay for other larger liquid exchange.  Currently NENG dev team is mainly focused on software development on Fiat project and the Mobile Miner Project.

If community want to do that for other liquid exchange, dev can facilitate or help on that, for example,  set up donation funds.  But we do not want to focus our time on those activities for now. 

Sweet news. Any plan to integrate NENG into larger more liquid exchange?

Unfortunately for now, the mining for GPU is a bit unpredictable, not constant. For example, now the base diff is close to 3, and GPU can mine NENG, but the small ASIC now works better than GPUs.

NENG Fiat Project is Launched by ShorelineCrypto

Immediately today, ShorelineCrypto launch NENG/USD purchase for all U.S. residents. Any U.S. citizen or resident who has a debit card can purchase NewEnglandcoin with USD. At the initial launch, all transactions are manual and a weekly purchase limit of $5 USD per person is imposed on all persons.

ShorelineCrypto will improve the NENG fiat project service user interface and is expected to gradually to make the transaction instant in the future.

Please visit page for details of how to purchase NENG easily with USDs with just a cell phone or a computer:  
https://shorelinecrypto.com/buy_neng

NENG can be mined at https://coincave.nl miningpool.
Based in the Netherlands, running on SSD's and growing fast since restarting on april 7, 2019.
Over 30 coins onboard.

on the one hand - it is not good enough. but from the other - it has the opposite meaning. it means something is getting better. we can see an update to the structure

Base difficulty on NENG now is reset to very low level, close to zero.  GPU mining is dominating now.

One legal hurdle passed for ShorelineCrypto fiat/NENG project:

According to U.S. anti-money laundering regulation as below:
https://www.fincen.gov/fact-sheet-msb-registration-rule

Registration requirement with the Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of Treasury,
"in an amount greater than $1,000 in currency or monetary or other instruments for any person on any day, in one or more transactions. "

For now, the planned USD/NENG fiat project launch will have very strict upper amount limit well below $1000 USD per person. Or even adding all the crypto trading volume at current ShorelineCrypto on all coins, the volume will be well below this $1000 USD per person limit. Therefore, no KYC, no restriction now is fully complying with U.S. regulations and AML laws today regardless of crypto currency status on regulations.

ShorelineCrypto will fully comply with U.S. regulations in its NENG trading and near term  launch of fiat USD/NENG project. 

New ads presenting NENG as an experience of bitcoin mining for FUN:

Are you interested in running bitcoin miner just for fun?  Do you want to have a taste of running a bitcoin full node in your own PC?

Well, you can not do that now at your home window/mac PC, not even on a linux because bitcoin full node is several hundreds of GB size and syncing the full chain will take weeks or months if not impossible.  Further more,  any CPU or GPU mining bitcoin is not profitable, you may not get any coin for days even if you just want to try and experience to see what it is for fun.

Here comes NewEnglandcoin (NENG).  You can mine 100,000 NENG per day in a two core PC running a full node.   NewEnglandcoin is bitcoin clone at v0.8.7.5.  NENG has DynDiff algorithm on top of scrypt.  In order to honor Bitcoin,  all the GUI wallet of NewEnglandcoin shows the version tag: "Satoshi:0.8.7.5".  NewEnglandcoin (NENG) is the only coin that we are aware of that allows CPU/GPU/ASIC mining simultaneously and allows CPU miners to obtain decent rewards  in a desktop window/MacOs/Linux machine together with GPU/ASICs.

NewEnglandcoin (NENG) is also offering 100,000 NENG airdrop and can be traded at exchange now on doge pair.

Bitcointalk Ann:  https://bitcointalk.org/index.php?topic=5027091.0

Just my data over past couple of days, very low end 10 year old Intel PC, two core on linux, about 100,000 NENG per day
solo CPU mining on Cheetah.  

I think a better CPU machine may be several times better than that.  But there are a lot more CPU miners.  When I first announced Cheetah here, the old PC was getting 1 million NENG + per day.  Not possible recently on any regular PCs or Macs.