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

[Sturmer]

If sumo goes to a larger stock exchange and everyone starts to mine, did not the network fall again?
Sorry for my English

[bitcoingue]

So, as far as i understand it, everything works great ? 

[sumogr]

If sumo goes to a larger stock exchange and everyone starts to mine, did not the network fall again?
Sorry for my English

No because difficulty will rise due to the many miners but so will the price

[Germining]

If sumo goes to a larger stock exchange and everyone starts to mine, did not the network fall again?
Sorry for my English

No because difficulty will rise due to the many miners but so will the price

That is what we all hope for Wallet is here, everybody loves it. Now, we are all waiting for a new exchange. You've got lots of work to do, dev... I hope you have fun doing it

[sumogr]

If sumo goes to a larger stock exchange and everyone starts to mine, did not the network fall again?
Sorry for my English

No because difficulty will rise due to the many miners but so will the price

That is what we all hope for Wallet is here, everybody loves it. Now, we are all waiting for a new exchange. You've got lots of work to do, dev... I hope you have fun doing it

Hahahhahaha by the way I have to change my forum name. I am not a dev!!!

[Germining]

If sumo goes to a larger stock exchange and everyone starts to mine, did not the network fall again?
Sorry for my English

No because difficulty will rise due to the many miners but so will the price

That is what we all hope for Wallet is here, everybody loves it. Now, we are all waiting for a new exchange. You've got lots of work to do, dev... I hope you have fun doing it

Hahahhahaha by the way I have to change my forum name. I am not a dev!!!

I know I know... wasn't talking to you directly My mistake, sry!

[danrachita]

But there are not any blocks for a long time, is not this a vulnerability?

As i understand after some blocks if speed remain constant difficullty will go down to a normal vallue.
Was make like this to combat atacks with high speed for short time for high income and not to descurage them.
I am not sure if this is a vulnerabillity or not i just supose will help finally miners who mine constantlly on Sumokoin.
I am not sure i understand very well.
Maybe anyone else can explain better than me.
BR.

Someone applied very high hashrate to mine. That caused the difficulty to rise immediately. ( If it wasnt for the fix he would have succeeded in mining many blocks before the difficulty spiking ). Difficulty will drop with the next blocks mined.

Yes i understand that but as i see at this dificullty will take long time to find next blocks.
BR.

[bzyzny]

Does GUI wallet work on Linux or does that come later?

[bitcoingue]

For now, only Windows and Mac OS X.

[sumogr]

But there are not any blocks for a long time, is not this a vulnerability?

As i understand after some blocks if speed remain constant difficullty will go down to a normal vallue.
Was make like this to combat atacks with high speed for short time for high income and not to descurage them.
I am not sure if this is a vulnerabillity or not i just supose will help finally miners who mine constantlly on Sumokoin.
I am not sure i understand very well.
Maybe anyone else can explain better than me.
BR.

Someone applied very high hashrate to mine. That caused the difficulty to rise immediately. ( If it wasnt for the fix he would have succeeded in mining many blocks before the difficulty spiking ). Difficulty will drop with the next blocks mined.

Yes i understand that but as i see at this dificullty will take long time to find next blocks.
BR.

It is already falling. BH 26266 DIFF 669483952 This will happen a few times more untill these guys get in grips with the fact that applying huge hashpower instantly means no profits any longer. It is more profitable to apply a constant hash power of 20-30Khs if your intentions are to mine and dump (at least you keep the network running smoothly)

[sumogr]

Does GUI wallet work on Linux or does that come later?

A deb installer might come a bit later

[danrachita]

I supose they are using Nicehash for mining.
But as i see they will fail to get any profit.They dont have mining rigs mostly and rent from Nicehash to get fast profit.
Best solution for them is better to buy coins from Cryptopia because now price is still low and will rise very much in next days.
BR.

[Germining]

Why SUMO dont displayed on WhatToMine? Sometimes profitability can compare with ETH and ZEC... If it displays there, SUMO will be really good promoted, i guess.
(sorry my language skill. I hope you understand what i talking about)

I wrote an email to WTM. They responded just 1h later. They like the coin and perhaps they will list it next week. I hope this is ok for dev

[heratys111]

As i understand after some blocks if speed remain constant difficullty will go down to a normal vallue.
Was make like this to combat atacks with high speed for short time for high income and not to descurage them.
I am not sure if this is a vulnerabillity or not i just supose will help finally miners who mine constantlly on Sumokoin.
I am not sure i understand very well.
Maybe anyone else can explain better than me.
BR.

Someone applied very high hashrate to mine. That caused the difficulty to rise immediately. ( If it wasnt for the fix he would have succeeded in mining many blocks before the difficulty spiking ). Difficulty will drop with the next blocks mined.

Yes i understand that but as i see at this dificullty will take long time to find next blocks.
BR.

Yeah someone was NiceHashing then spent their BTC and bailed (leaving the difficulty high w/o throttling the difficulty back to a more natural network hash rate).  A few weeks back (June 13th to June 21st, before the fork on the 23rd) the difficulty was up in the 800 millions from similar actions of people and it was taking days to mine a block or two (for instance, the eight-day gap between block 20251 and 20252 -- both mined on the official pool).  Basically some individuals are being greedy but especially short-sighted because this discourages adoption -- it becomes difficult for people to mine and Sumo doesn't get distributed to as many people (who then have a larger stake in the currency).

The particularly funny thing is these people are spending BTC to do this and it may be cheaper to simply buy Sumo on the exchanges which would benefit them (in a smarter, more long-term way) and other Sumo-holders at the same time.

[bzyzny]

These kind of mining tactics are normal, but is especially noticeable when the network hash rate is not yet very high. Best solution is to get more people mining Sumokoin, that way if someone throws 20kh/s at it, it will not account for a large percent of the total net hash rate. The update to the difficulty adjustment algorithm does seem to smooth it out a lot though, good job devs

[DreamsAreLucid]

We need slack, telegram or discord where we can chat and communicate, why we still don't have them? One of the most important things....

[cryptovn83]

Can I mine this coin? I love SUMO and Japanese

[Cyndonald]

We need slack, telegram or discord where we can chat and communicate, why we still don't have them? One of the most important things....

Go ahead and make one for community reasons. There is a slack where the devs discuss beta tests and development but its completely technical and it has nothing to do with community issues. Make a community slack channel and send an invite to the devs

It's nice to see this comment . I will mine some coins for holding . How can I join this slack ? Please give me a link for slack . Thanks

[billaue]

Does GUI wallet work on Linux or does that come later?

Ubuntu version will come soon

[bzyzny]

OK thanks bill. Since you say "for Ubuntu" I assume it will be .deb, just curious if you have heard of/ considered using flatpak. Most distributions support the format now, and it allows easy compatibility and dependencies. I.e. one file that works on Ubuntu, fedora, suse etc. It is similar to Ubuntu snaps but more widely supported. Not sure if any other coins have used this format for wallets, or how hard it would be to package wallets in this format, but it could be useful method. Just an idea, something to help sumo stand out.

http://flatpak.org