Topic: [NENG]Nengcoin - Litecoin on Steroids - Scrypt for All Miners - page 37. (Read 46901 times)

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.

How much coins CPU solo miners getting per day. Wanna compare to Moonlander 2 running on pool.

Thanx!

Not possible on NENG for CPU only pool.  All CPU miners are solo miners.

CPU miners can have two choices: Cheetah method, good for small CPU or casual miners.  Or a dedicated 24 hours solo miners, good for big CPU machine.

https://wadax.io/trade/NENGBTC  we need little volume to stay on this exchange  - Delisting coins 1th of may.

can setup cpu mining pool?

NENG airdrop is raised to 100,000 NENG per person, up to 1000 participant.  Checkout the Ann page for sign up and follow NENG twitter and get the award!

Announcement of NENG Fiat Project for all U.S. Residents

As part of disclosure, ShorelineCrypto is investigating Fiat USD/NENG purchase offering using our parent company banking relations and Square service offerings.    We believe the USD/NENG purchase offering can be launched in multiple phases starting from 2019 Q2 to all U.S. residents by imposing a very low purchase limit while ShorelineCrypto can be still complying with all the anti-money laundering laws in U.S.A.  Legally, cost of doing fiat/NENG in USA is extremely high because of all the banking, money service regulations. However, there should be minimum cost or regulation and no need for KYC if we only allow small dollar purchase of NENG with strict maximum cap at ShorelineCrypto.  

The motivation of NENG Fiat project is to boost the NENG acceptance as important crypto currency for retail and trading usage and improve the liquidity of NENG trading.  Currently a buyer buy NENG from exchange, and decide to sell NENG immediately, the buyer would face 50% immediate loss because the bid/ask spread on NENG trading is very high and liquidity is poor on NENG.  When this fiat project launches at ShorelineCrypto,  ShorelineCrypto will operate hedging positions using Square bitcoin service and convert to DOGE to buy NENG at equivalent doge pair price in ShorelineCrypto exchange so that buyer of NENG will no longer face huge loss from immediate sell in the future.

We believe miners and traders should also see better NENG trading price in the future so that they can dump their mining rewards at higher price because of liquidity boost from Fiat project hedging.

In the long run, a successful fiat project on NENG can put NewEnglandcoin as niche alternative for small dollar fiat entry into crypto market for U.S. residents.  Currently most U.S. buyers convert their USD to bitcoin at Coinbase or Germini etc, then transfer their bitcoin to an exchange to sell for dogecoin or any other altcoins.  It works well for large amount at $100 USD or more even on a bitcoin transaction fee of $1.  However, if one wants to buy or sell $1 to $5 USD dollar, the bitcoin transaction fees are too high.    Here we can offer a low fee method of buying NewEnglandcoin with $1 to $5 USD, then convert to dogecoin at almost no loss, and then transfer the dogecoin out of ShorelineCrypto to wherever you want to trade or use dogecoin.

Bitcoin is gold, Litecoin is silver, Dogecoin can be said as copper.  Dogecoin has huge listings at multiple exchanges and can be converted to bitcoin easily at exchange with low fees.  With NENG/DOGE trading pair at ShorelineCrypto exchange and utilizing the capability of dogecoin popularity and low transaction fees, this NENG fiat project has the potential to put NENG into important coin in U.S.A crypto market.

Announcement for Mobile Miner Project Initiation
Immediately today, we initiate a new mobile miner project for evaluations and implementation. The NENG mobile miner will offer Android/iPhone users to mine NENG on their cell phone and receive NENG reward daily. Of course, the mobile mining is not a true mining, just a simulation on cell phones to allow users to receive rewards, say 100 NENG per day.
At this early stage, we foresee the eventual working mobile miner for NENG will be some javascript based web page where cell phones can register and click for rewards daily.  The project is going to be planned and implemented in multiple quarters and the funding source will come from donation from NENG communities.

Conclusion
NewEnglandcoin (NENG) is underpriced at only fraction of market cap of NewYorkcoin while the security of NewEnglandcoin is significant better against 51% attacks.  Even on population or GDP comparison against NYC, NENG should trade significantly higher.
Also stay tuned in bitcointalk Ann or DISCORD for further news of NENG Fiat project and NENG Mobile Miner project.

NENG Security, Decentralization Value & 2 Announcements

https://github.com/ShorelineCrypto/NewEnglandCoin/releases/download/2019Q2_report/NENG_Security_Decentralization_Value.pdf

• No Hard Fork in 2019 Q2 or in Near Future
• NENG v1.2.x Hard Fork Evaluation
• NENG 51% Attack Cost - $10,000 USD
• Decentralization - Solo Mining Up, Mining Pool Down
• What if 51% Attackers Utilize GPU fleet?
• NENG Valuation is Dirt Cheap
• Announcement of NENG Fiat Project for all U.S. Residents
• Announcement for Mobile Miner Project Initiation

Clarifications on Twitter Airdrop / Graphic Bounty:

Graphic Re-design bounty has deadline April 30, 2019, community will review the quality of logo submission and decide award.

However,  twitter airdrop does not have any deadline.  We will award twitter airdrop in a more frequent base.

Currently the response is not that great. Hopefully more people will sign up and get the  airdrop or the bounty.

https://bitcointalksearch.org/topic/bountyairdropnewenglandcoin-graphic-resign-909-million-twitter-100000-5124335

Update on April 1, 2019:  Large NENG buying at ShorelineCrypto Exchange on April 1 was related to 020Londoncoin (O2O) listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  O2O fee payment event happened on April 1, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin

ShorelineCrypto ads for new coin listing:
https://bitcointalksearch.org/topic/exchange-shorelinecrypto-zero-withdraw-fee-listing-fee-0005-001-btc-5121953

Report from ShorelineCrypto Exchange on large NENG deposit issue that couple of members encountered over past several days:



This issue is documented at :
https://github.com/ShorelineCrypto/NewEnglandCoin/issues/2

For now, this is NENG software bug issue unresolved and simply let members be aware of it in handling exchange deposit and withdraw.  Eventually this will be fixed in the NENG core software itself.    

Update: the safe amount to avoid deposit being stuck is 50 million NENG or less one at a time.  When doing multiple deposit continuously, make sure to stop and wait when the accumulative multiple deposit size is close to 50 million NENG.

Renamed Twitter Bounty to Twitter Airdrop.  1000 NENG per twitter following is really an airdrop, not much of work as bounty.

Update on Mar 27, 2019:  Large NENG buying at ShorelineCrypto Exchange on March 24 was related to Stackbit(SBIT) listing at ShorelineCrypto as disclosure.  ShorelineCrypto new coin listing fee was cut dramatically recently to 0.01 BTC.  There is 50% listing fee discount if the coin listing fee is paid exclusively on NewEnglandcoin (NENG).  SBIT fee payment event happened on March 24, 2019.

We expect that NewEnglandcoin (NENG) demand will rise in the future if more coins are listed at ShorelineCrypto Exchange.  It will be beneficial if all NENG members spread the word of ShorelineCrypto exchange to attract more listings.  The details of new coin listing is at:
https://shorelinecrypto.com/add_coin

low volume at https://wadax.io

NewEnglandcoin  Twitter bounty and Graphic Redesign bounty has launched.  Please spread the word as wide as possible.

Twitter Bounty

Follow NENG twitter and receive 1000 NENG on Twitter Bounty to up to 5000 winners

Graphic Redesign Bounty


Top one award: 90.9 million NENG
Top 50 Winners: 100,000 NENG / person
Event Timing:  March 25, 2019 - April 30 2019
Event Address:  NewEnglandcoin DISCORD at:  https://discord.gg/UPeBwgs

Please complete above Twitter Bounty requirement first.  Then
follow Below Steps to qualify for the Bounty:
(1) Required:  submit your own designed NENG logo picture in gif, png jpg or any other common graphic file format into DISCORD "bounty-submission" board
(2) Optional:  submit a second graphic for logo or any other marketing purposes into "bounty-submission"  board. 
(3) Complete below form.

 Please limit your submission to no more than two total. Delete any wrongly submitted or undesired graphics in the board.  Contact DISCORD @honglu69#5911  or @krypton#6139 if you have any issues.

Twitter/Graphic Redesign bounty sign up:
https://goo.gl/forms/L0vcwmVi8c76cR7m1