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Mattthev
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October 29, 2017, 02:40:03 PM |
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is Sumokoin still profitable enough for miners, particularly AMD miners?
If I set my hashrates to WhatToMine then SUMO is second best for profit after ETH today. |
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d3athgu1s3
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October 29, 2017, 04:55:38 PM |
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is Sumokoin still profitable enough for miners, particularly AMD miners?
If I set my hashrates to WhatToMine then SUMO is second best for profit after ETH today. If electric bill is free, anything is profitable! |
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jpdorn
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October 29, 2017, 05:00:05 PM |
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I'm trying to understand the whole project, but the only differences from monero seems to be the nice UI/UX programs and some minor(unnecessary) parameters changes, yet a big premine. Also this sentence "Sumokoin aims at stability while Monero gets breakthroughs via a series of hardforks (that may put some pressure on exchanges/payment services). It does not mean there won't be any hardfork in Sumokoin, but not in near future (probably not in years).", this doesn't seems like an advantage for you.
Moreover, i dont even see this as backup, because we already have Boolberry, Aeon, and even Karbowanec, with 0% premine.
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sumogr
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October 29, 2017, 05:28:29 PM |
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I'm trying to understand the whole project, but the only differences from monero seems to be the nice UI/UX programs and some minor(unnecessary) parameters changes, yet a big premine. Also this sentence "Sumokoin aims at stability while Monero gets breakthroughs via a series of hardforks (that may put some pressure on exchanges/payment services). It does not mean there won't be any hardfork in Sumokoin, but not in near future (probably not in years).", this doesn't seems like an advantage for you.
Moreover, i dont even see this as backup, because we already have Boolberry, Aeon, and even Karbowanec, with 0% premine.
I would suggest to study the roadmap and take a closer look to the coin's development. Indeed for anyone hitting upon the coin by chance the first impression created is similar to yours. |
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jpdorn
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October 29, 2017, 05:41:15 PM |
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I'm trying to understand the whole project, but the only differences from monero seems to be the nice UI/UX programs and some minor(unnecessary) parameters changes, yet a big premine. Also this sentence "Sumokoin aims at stability while Monero gets breakthroughs via a series of hardforks (that may put some pressure on exchanges/payment services). It does not mean there won't be any hardfork in Sumokoin, but not in near future (probably not in years).", this doesn't seems like an advantage for you.
Moreover, i dont even see this as backup, because we already have Boolberry, Aeon, and even Karbowanec, with 0% premine.
I would suggest to study the roadmap and take a closer look to the coin's development. Indeed for anyone hitting upon the coin by chance the first impression created is similar to yours. Im indeed wants to come in to the project, but again, i dont see significantly changes from the upstream to suceed my interest, please TL;DR to your words, so i can have a reference @sumogr. |
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sumogr
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October 29, 2017, 05:48:10 PM |
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I'm trying to understand the whole project, but the only differences from monero seems to be the nice UI/UX programs and some minor(unnecessary) parameters changes, yet a big premine. Also this sentence "Sumokoin aims at stability while Monero gets breakthroughs via a series of hardforks (that may put some pressure on exchanges/payment services). It does not mean there won't be any hardfork in Sumokoin, but not in near future (probably not in years).", this doesn't seems like an advantage for you.
Moreover, i dont even see this as backup, because we already have Boolberry, Aeon, and even Karbowanec, with 0% premine.
I would suggest to study the roadmap and take a closer look to the coin's development. Indeed for anyone hitting upon the coin by chance the first impression created is similar to yours. Im indeed wants to come in to the project, but again, i dont see significantly changes from the upstream to suceed my interest, please TL;DR to your words, so i can have a reference @sumogr. If it's ok, in order not to repeat the same things again i ll paste you the reply i gave to another crypto enthousiast at Sumokoin's mining thread It was an overstatement. There are no major differences between Sumokoin and Monero besides the pow diff algo ( which in my very humble opinion is better and more responsive than all cryptonight coins, giving a hard time to cpu farms and botnets thus making the coin more profitable to miners https://github.com/sumoprojects/sumokoin/pull/10 ), the RingCT from the start (thus having no traceable legacy in its blockchain), the 12 mixins from day one (which is an overkill in terms of privacy) and the better emission scheme (this last one is just a personal and subjective opinion of mine, i cannot prove it). Sumokoin is only 6 months old but it has a solid GUI wallet for all OSs ( Windows, Linux, Mac ), its very profitable to mine ( most of the time it is the most profitable cryptonight coin on whattomine ), has a nice, big community, lots of pools ( www.sumopools.com ), will implement subaddresses in the next GUI version the following month ( so will Monero I guess ), a very good roadmap and 4 devs that have proven their skill up to now and they deliver on what they promise on time. We strive to grow alongside Monero and not against it. There is no competition whatsoever. Monero will always be the first and 100% private cryptonote based coin and will be a pioneer in all future developments. Our devs strive to follow Monero's path and wherever they think its possible improve and implement some of its features Very nice, thanks for explanation  I will more look at it by myself. |
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jpdorn
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October 29, 2017, 06:12:26 PM |
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@sumogr, [...]have proven their skill up to now and they deliver on what they promise on time.[...], what are they promising?
"There is no competition whatsoever." If you wants to become the better, you are competing, if you dont wants to become the better, theres no reason to lives.
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Call_Me_Bambi
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October 29, 2017, 06:17:47 PM |
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is Sumokoin still profitable enough for miners, particularly AMD miners?
If I set my hashrates to WhatToMine then SUMO is second best for profit after ETH today. If electric bill is free, anything is profitable! If your electricity bill if free then Ether is more profitable than Sumo (or other Cyyptonote coins), but I found that Ethash miners take about 20%-25% more electricity than Cryptonote miners. Even if Ether is more profitable if electricity cost are a factor then Sumo is more profitable. I found I can't rely on Whattomine to give real-world power consumption values, mine are always higher than what Whattomine says. |
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Germining
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October 29, 2017, 06:27:47 PM |
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@sumogr, [...]have proven their skill up to now and they deliver on what they promise on time.[...], what are they promising?
"There is no competition whatsoever." If you wants to become the better, you are competing, if you dont wants to become the better, theres no reason to lives.
But you don't have to compete with everybody... Sumokoin's DEV clearly stated that they respect Monero and they even collect donations. So imho there is no competition between xmr and sumo. |
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jpdorn
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October 29, 2017, 07:08:25 PM |
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@Germining yeah, but there's already 3 coins using cryptonight with active development exactly like sumo, i'm trying to gather the differential from Sumo to others, so far i've only found the h-huge premine and nice UI/UX developments. I see the devs with nice intentions, but this alone cant make up for.
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Germining
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October 29, 2017, 07:28:21 PM |
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@jp it is on you to decide  perhaps wait until dev merged subadresses |
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BlackHash
Newbie
 Offline
Activity: 2
Merit: 0
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October 29, 2017, 11:51:00 PM |
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is Sumokoin still profitable enough for miners, particularly AMD miners?
If I set my hashrates to WhatToMine then SUMO is second best for profit after ETH today. If electric bill is free, anything is profitable! If your electricity bill if free then Ether is more profitable than Sumo (or other Cyyptonote coins), but I found that Ethash miners take about 20%-25% more electricity than Cryptonote miners. Even if Ether is more profitable if electricity cost are a factor then Sumo is more profitable. I found I can't rely on Whattomine to give real-world power consumption values, mine are always higher than what Whattomine says. My rig mining Ethash = 920 W, mining Cryptonote= 640 W from the wall. I love cryptonote for mining  |
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stoffu
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October 30, 2017, 08:52:18 AM |
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Sumokoin's DEV clearly stated that they respect Monero and they even collect donations. So imho there is no competition between xmr and sumo.
1) There have been no proof of donation to Monero. 2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam. |
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Germining
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October 30, 2017, 09:03:28 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. |
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stoffu
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October 30, 2017, 09:06:17 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. Both points 1) and 2) are facts. How can I be scamming? |
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Germining
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October 30, 2017, 09:12:46 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. Both points 1) and 2) are facts. How can I be scamming? None of your posts ever contained any facts. But hey - do what you have to do! Edit: Just to write an very honest answer: You keep saying Sumo is a Scam just bcs there is a premine. There are tons of coins with a premine which are not scams (etherium and so on). I've never read a comment of you calling one of those coins a scam. You scam exclusivly on Sumokoin without any particular reason (or is there one?). There is 0 indikation that dev will missuse the premine. I don't expext you to answer honestly to this and I don't expect you to stop your comments. I just wanted to get this of my mind. |
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stoffu
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October 30, 2017, 09:15:33 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. Both points 1) and 2) are facts. How can I be scamming? None of your posts ever contained any facts. But hey - do what you have to do! It is a fact that Sumokoin has 10% premine, and that there have been no proof of donation to Monero. Do you deny it? |
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sumogr
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October 30, 2017, 09:18:23 AM |
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Sumokoin's DEV clearly stated that they respect Monero and they even collect donations. So imho there is no competition between xmr and sumo.
1) There have been no proof of donation to Monero. 2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam. Stoffu please stick with Monero that apparently you support and love and I dont blame you for that and stop considering Sumokoin as a threat. It is not. However it makes me happy to know that such a "knowledgable" Monero person ( you are all over Monero's git trying to solve Monero users issues ) considers a 7 months old coin a threat ( although I repeat it is not a threat to Monero ). |
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sumogr
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October 30, 2017, 09:23:05 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. Both points 1) and 2) are facts. How can I be scamming? None of your posts ever contained any facts. But hey - do what you have to do! It is a fact that Sumokoin has 10% premine, and that there have been no proof of donation to Monero. Do you deny it? It is also a fact that Ethereum has a 17% premine but I dont see you on their thread shouting scam. Is there a particular reason for you being so eager to receive the donation to Monero? No one set a date for the donation, why you worry so much about it? Its something we want to do, you are making it sound like Monero Project asked us to |
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Germining
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October 30, 2017, 09:25:07 AM |
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1) There have been no proof of donation to Monero.
2) Donating to Monero doesn't magically make Sumokoin legitimate. It's a scam.
The only thing here that is a scam is you my friend. Keep on posting I love you. Both points 1) and 2) are facts. How can I be scamming? None of your posts ever contained any facts. But hey - do what you have to do! It is a fact that Sumokoin has 10% premine, and that there have been no proof of donation to Monero. Do you deny it? You did not write "Sumokoin has a 10% premine" up there, did you? You wrote something different. On the first page it is written that "First year donations will be given to monero. Sumo is not a year old yet. Anyway, continue doing what you believe in. Anyway I still love you. |
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