One NGK computing power, three types of mining: NGK, SPC, VAST

Ngk
3 min readApr 9, 2021

Most projects in the current blockchain focus on four types of consensus mechanisms: PoW (Proof of Work), PoS (Proof of Stake), DPoS (Delegated Proof of Stake) and PoC (Proof of Capacity). The PoW consensus mechanism requires professional miners. As the ecological foundation of the mining machine, when the difficulty of mining increases, it will lead to excessive concentration of computing power and cause centralized community development. The cases such as mining tyrants are frequent, and they are prone to 51% attacks that cause transaction rollbacks and users to lose assets. The scalability and the performance are low. In addition, the high energy consumption that caused by many repetitive calculations is also one of the reasons why PoW is criticized. Although PoS, DPoS, PoC and other modes can reach consensus without consuming huge amount of computing power, they rely on tokens. The number of blocks produced has formed a new centralization trend, and the implementation process is complicated and easy to fork. It is necessary to run many nodes to ensure the normal blockchain network. This will cause network traffic pressure and security loopholes in the intermediate steps.

NGK, SPC, VAST

Currently, the NGK blockchain adopts the DPOSS consensus mechanism. The mainnet established only 21 block producers and subscribed for the entire network. The number is very limited. Compared with traditional mining machines, the NGK requires a one-time investment and purchase, and the currency for the mining machine is limited and locked. After mining, you must continue to reinvest to obtain benefit. While NGK has adopted the computing power formed by 21 block producers in different regions, and it is permanently effective and does not need to be reinvested. As long as you hold the computing power, you can issue the corresponding amount of NGK as your personal income every day, and the issued NGK can be used in the trading market, or you can also continue to hold NGK and wait for the price to rise in order to achieve a multiplier profit. When you want to leave the market and don’t want to participate in NGK, all you need to do is simply cash out your capital by selling the computing power, which means that you can enter and exit anytime without any restrictions.

NGK

A computing power is about US$10. You are required to purchase a minimum of 21 units to start mining, and the maximum profit of static layout can reach about 20%, excluding currency price increase, SPC and VAST.

Now 1 USDN=1 USDT=1 USD; it is very suitable for our ecological construction participants.

For example, if you invest 10000 USDN, the monthly return rate is 10%; if you open two more accounts, you can achieve 18% monthly return; the formula is: 10%*(100%+50%+30%). According to the specific data, Level 1 computing power: 200~1000 USDN monthly return rate of 4%; Level 2 computing power: 1000~5000 USDN monthly return rate of 6%; Level 3 computing power: 5000~10000 USDN monthly return rate of 8%; Level 4 computing power: 10000~20000 USDN monthly return rate 10%; and the “Hundredfold Energy Program” of NGK’s native token, NGK will be divided into three phases: the consensus period and traffic is the king. We will comprehensively increase the understanding of NGK by 1 million NGK users worldwide, and deepen the global users’ understanding of NGK. Other than understanding the NGK project, we also help them to understand NGK technology, promoting to more people.

--

--