Just got an email today stating that POW is done and the coin is moving to a full POS system. Was that previously announced or is that a fork in the coin ? Probably already answered but I'm not able to read hundreds of pages of text lol
Fork.
The regime is desperately trying to stop the inevitable total disaster.
IIRC they always stated that PoW mining will last for a full year.
"5 million coins per month during year 1 will be awarded through PoW mining."
They have to pull the plug now because the coin is almost dead and BTC funds (3MrNuksZ1VePU3dGiSQFiouWerJUJgDkfH) are nearing zero.
The story goes something like this:
Although the PoW share is ridiculously small, the miners want to sell part of their earnings.
Now, because nobody at all wants to buy Neucon, Daniel Kaufman (the master of scams and sock-puppets) had to buy all of his own coins on bittrex. Along with unsuccessful marketing, zero innovation, slow development and technical problems the price has been going down nevertheless.
The only way for the regime around Daniel to leave this coin in a at least comatose state is by killing the supply side (miners). The remaining part of the supply is under control (the foundations/regime hold more than 99% of all the coins) and the remaining coins are in the hands of 5 to 10 die-hard-uber-idiots (James, superman, darteous, et al.). They have their coins in long-term locked staking accounts and don't want to crash the price anyway.
Now the only chance for Daniel is to start another marketing offense and try to sell some of his billions of coins to noobs, while the die-hard-uber-idiots have their tiny amounts of coins locked away. Which - just for the sake of completeness - are designed in a way that if you want to exit early, you get no interest at all.
The final round of Neucon.