[ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏

[blubbaer]

Hm.. so they broke the coin? because my elektrizitie is expensive as fuack in my country i stopt mining a weak ago  and as try to stabelize the coin i bought some power myself but just releasing 10Gh/s over a long time span to make this less profitable.. We only need 3 MH/s sec constant and healthy splittet between many users and it will not be profitable. The 2nd thing is dont push the price so high! it must be kind of low and not rentable for such things... and u may delte the high diff port on the pool page but it ist still there you can easy guess the port at 6666

Coin is not broken and the price based on the current mining difficulty is just right. The thing is that sudden hash flashes from nicehash increased the difficulty so high that the coin cannot be mined with the current "real", "organic" (call it as you like) mining hash power. Three options, we either wait for the difficulty to low by itself so blockchain gets moving again until a nicehasher shows up to and it rises again (this will eventually kill the coin as noone is going to invest in it), we either keep the blockchain moving by devs buying their own hashpower for suddent bursts (which leads nowhere) or there is the option to fork the chain and make the difficulty rising smoothly when flash hashing occurs. In my opinion forking is the only solution and the sooner it is done the better as the coin circulation is still low and there is only one exchange involved.

Yep we are not stuck.
I think we have reached the peak difficulty and will go down, painfully slow for the moment, because most miners we would need for a faster down ramp hopped to other coins.^^
19512 was found by sumo.sumominer.com
Deamon shows 19513 so I expect 3-6h for the next block.
Possibly someone learns for the future, but new players will try the identical path.
The dev will come up with something and renting hashing power gets more expensive atm. so still we could be slowed down next time with 3 up to 6Mh which equals difficulty....^^

I can only recommend having a decent minimum hash power on the coins you hold and at least a working daemon.
See it as an Investment, if you don't care for the coin the coin will not grow.

It is not that expensive it kind of pay off... my own Pc has higher powercost/hs than the prices there. I do my part and rent 10gh/s.. there was only around 6 mh/s total for rent, if some of you are doing the same thing, there is less free for attacking and we get a secure base

You cannot persuade people to lose money to support a coin. Any coin. A fork will solve the difficulty issue for good in order for sumokoin to grow both in value and in users

I dont wanted to, but u dont loose money you get around the same value in coins back, at the moment equal to the price of the buy poitions on the market, if u want to buy coins u can do it his way.. for you personal no difference. But i agree the problem hast to be solved another way......... okay the price dropped than it is not an good way  * edit nope its still high

[syncmaster913n]

Much academic read and test to implement good flash-hashing protection algorithm, however

Of course, it's understandable.

[sumoshi]

Global Hashrate and Block Height is stuck at 19506 for the past 4-5 hours. Do we have a fork?

A hardfork to solve this issue is highly considered now by devs. Here is a good read https://github.com/monero-project/research-lab/issues/3

Thank you for staying on top of this, I'm sure everyone here greatly appreciates it.

Much academic read and test to implement good flash-hashing protection algorithm, however

Haruto will write scripts to simulate a few scenarios for consideration

[aracoin]

Hello sumo community!
Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

BTW I could do html coding and Japanese translations if help is required!

[sumogr]

Hello sumo community!
Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

BTW I could do html coding and Japanese translations if help is required!

PM the devs my friend and offer your help. Either sumoshi or billaue

[Mynero]

Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

Technical features are not the only thing that is important to the success of a cryptocurrency. Personally I hope that Sumokoin devs are better or more interested in marketing than Monero devs, who seem to think that tech is all that matters and who appear to be eager to drive investors away from the coin.

[syncmaster913n]

Looks like difficulty is slowly dropping / new miners joining.

[RomanV]

Again on nicehash appeared order no speed limit. Again on the main pool..

[joosep]

Yes, here we go: Hash Rate: 3.76 MH/sec
Couple normal payouts and again...

[sumogr]

Mine a cpu coin or another cryptonight coin and with the profits buy Sumo. There is no other way at the moment

[RomanV]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

[levyashin]

Mine a cpu coin or another cryptonight coin and with the profits buy Sumo. There is no other way at the moment

i think thats a better way.

first people buys sumo, it brings higher prices than mine is cheaper than actually buying.

[joosep]

Price is down and hashrate too 

[sumogr]

Price is down and hashrate too 

Yes, I believe that would be a good solution for keeping the nicehashers away for the time being. Keeping the price down

[Bierbam]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

Hm... I just randomly checked it this time but that does look abnormal compared to previous occurrences, but I'm a noob regarding nicehash so it could be complete rubbish^^

This time he got several time nearly the full available bandwidth from nicehash which shouldn't be easily doable.

You can run a test for compatibility for free with nice hash and it reported max. difficulty 20k.
So you can pay what you want you won't get all of nicehash bandwith as they need higher difficulty.
Because of this there should always be 1-2MH with a lot less to pay in the list.
E.g some other none SUMO pools accept higher difficulty.
I'm still more or less exchanging a bunch of my old mined XMR to new ones for the trial^^

I don't really care what that means, it will be solved or not.
Just wanted to mention it because just looks wrong, ethically speaking, that someone(no finger pointing) has more control over the official pool as we currently know there should be.
So if you care, re-think it as that behavior, to do the possible, is not a problem for the majority of humans on the world, because of that I don't care.

PS if i calculated in my head right, the price down is no problem, he still made profit.

[sumogr]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

Hm... I just randomly checked it this time but that does look abnormal compared to previous occurrences, but I'm a noob regarding nicehash so it could be complete rubbish^^

This time he got several time nearly the full available bandwidth from nicehash which shouldn't be easily doable.

You can run a test for compatibility for free with nice hash and it reported max. difficulty 20k.
So you can pay what you want you won't get all of nicehash bandwith as they need higher difficulty.
Because of this there should always be 1-2MH with a lot less to pay in the list.
E.g some other none SUMO pools accept higher difficulty.
I'm still more or less exchanging a bunch of my old mined XMR to new ones for the trial^^

I don't really care what that means, it will be solved or not.
Just wanted to mention it because just looks wrong, ethically speaking, that someone(no finger pointing) has more control over the official pool as we currently know there should be.
So if you care, re-think it as that behavior, to do the possible, is not a problem for the majority of humans on the world, because of that I don't care.

PS if i calculated in my head right, the price down is no problem, he still made profit.

I know nothing of crypto as well, I am a complete noob, but I agree with you, it is kind of strange indeed.... It is also strange that this only happens to the official pool. It is also strange that the network hashrate never corresponds with the pools'. It is strange that the block times do not correspond. To tell you the truth i think someone is manipulating the difficulty keeping it high.... How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

[Bierbam]

How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

current Hash rate and difficulty always has to respond to an amount of blocks and a time period.
So possible the 720 blocks mentioned which are likely as we only have ~530 blocks since people droped new hashrate above the average ~100KHs
In this case the math can't compete with the fluctuation and you have the coin hopper and hashrate punsher problem.
So this time we will be stuck a longer period if we behave like last time, something I already mentioned some time ago.

Block
19565 net hash 1.25 MH/s,
19578 net hash 799.29 kH/s
20007 net hash 501.01 kH/s,
20158 net hash 468.59 kH/s -> 520 blocks most of them mined with 2MHs and above and still dropping^^

Just an update, it looks like we are already on the way.
20179 net hash 654.93 kH/s
Actually it's interesting. Could recommend it for a student like "Human behavior with new technologies and profit within the  crypto-currency miner scene." 

[sumoshi]

How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

current Hash rate and difficulty always has to respond to an amount of blocks and a time period.
So possible the 720 blocks mentioned which are likely as we only have ~530 blocks since people droped new hashrate above the average ~100KHs
In this case the math can't compete with the fluctuation and you have the coin hopper and hashrate punsher problem.
So this time we will be stuck a longer period if we behave like last time, something I already mentioned some time ago.

Block
19565 net hash 1.25 MH/s,
19578 net hash 799.29 kH/s
20007 net hash 501.01 kH/s,
20158 net hash 468.59 kH/s -> 520 blocks most of them mined with 2MHs and above and still dropping^^

Just an update, it looks like we are already on the way.
20179 net hash 654.93 kH/s
Actually it's interesting. Could recommend it for a student like "Human behavior with new technologies and profit within the  crypto-currency miner scene." 

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

[syncmaster913n]

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

Thanks devs.

Once new GUI wallet is up and we are listed on some higher volume exchange it should also help with organic hashrate.

[FIEX]

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

Nice to see active devs on this coin!
This means a good future. Keep it up! SUMO!!!