Author Topic: [ANN][AIRDROP]NewEnglandcoin: A Coin 10x Faster than Bitcoin with Rich Culture  (Read 2171 times)

honglu69

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Cheetah_CpuMiner officially suport linux  Ubuntu 18.04  machine.  Readme documentation on front page has been updated on Ubuntu 18.04 CPU mining on NENG:
https://github.com/ShorelineCrypto/cheetah_cpuminer
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honglu69

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There are a lot more CPU miners on NewEnglandcoin  than months ago when I first posted on bitcointalk altcoin mining thread.  At that point, my old linux PC can mine 1.5 million NENG per day on Cheetah.
Now the reward is much less, maybe 1/5 of what used to be.  Still CPU mining can be fun and less demanding if you only do it casually on your own PC when you work or read online. It can be on low resource without affecting other activities.  It adds a reward on Desktop PC or laptop.  Running a full node,  mining 300,000 NENG per day on a PC is still quite impressive rewarding CPU mining experience.

GPU solo miners and small ASIC solo miners probably are the dominant force on DynDiff Scrypt coin NENG mining together with CPU miners.  Big ASIC miners are disadvantaged by the new algorithm hard fork upgrade recently. 
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honglu69

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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
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honglu69

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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 10 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.
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honglu69

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NewEnglandcoin twitter airdrop raised to 100,000 NENG per person, up to 1000 total winners
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