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

[tf2addict]

I'm using the GUI wallet, works great.  It even has an address book and a notes field for putting notes on transactions.

I wish Sumo was on Bittrex but I do have a Cryptopia account.  Sumo should have a nice pop if and when it gets added to more exchanges.  It may go nowhere but I think it's worth investing a small amount in case of future mooning.

[fitz123]

I really want to buy some sumo because I like everything about this coin...except..the wallet. I'm just an inept non techie and I like things simple. I run windows 7 because I hate 10. Yes..I can get to the command prompt and type a bunch of stuff in there but it seems a bit complex. I ran the miner to check it out and that was really nice..but I quit after realizing my crummy hashrate of 48hs wasn't squat. I know I can get some sumo on cryptonia..but how do they store it? Seems to me I have to create a wallet within the cli and then go in there and do a bunch of fancy stuff every time I want to check..or transfer..or receive? Is there a simpler way to actually "manage" transactions for this coin? I think it has great potential and is at a good price now. Thanks!

Hi there, you don't have to use the cli-wallet there's also a nice GUI version which you can easily download from http://sumokoin.org
Then you create a wallet, make sure you write down your mnemonic seed in case you need to restore your wallet later. Then buy some bitcoin on any btc-fiat exchange site and transfer it to Cryptopia. After the btc transaction gets enough confirmations on the blockchain you'll be ready to make a buy order for SUMO.

Thanks..downloaded it and it looks pretty straightforward. Question is..does this have to sync up every time you use it or can you do transactions and then wait for it to sync later? All I really care about is transactions going in and out smoothly and not getting lost in a blockchain black hole until the sync is complete. Seems like it takes quite a while to sync so I'm wondering if it's usable during the sync?

[tf2addict]

I really want to buy some sumo because I like everything about this coin...except..the wallet. I'm just an inept non techie and I like things simple. I run windows 7 because I hate 10. Yes..I can get to the command prompt and type a bunch of stuff in there but it seems a bit complex. I ran the miner to check it out and that was really nice..but I quit after realizing my crummy hashrate of 48hs wasn't squat. I know I can get some sumo on cryptonia..but how do they store it? Seems to me I have to create a wallet within the cli and then go in there and do a bunch of fancy stuff every time I want to check..or transfer..or receive? Is there a simpler way to actually "manage" transactions for this coin? I think it has great potential and is at a good price now. Thanks!

Hi there, you don't have to use the cli-wallet there's also a nice GUI version which you can easily download from http://sumokoin.org
Then you create a wallet, make sure you write down your mnemonic seed in case you need to restore your wallet later. Then buy some bitcoin on any btc-fiat exchange site and transfer it to Cryptopia. After the btc transaction gets enough confirmations on the blockchain you'll be ready to make a buy order for SUMO.

Thanks..downloaded it and it looks pretty straightforward. Question is..does this have to sync up every time you use it or can you do transactions and then wait for it to sync later? All I really care about is transactions going in and out smoothly and not getting lost in a blockchain black hole until the sync is complete. Seems like it takes quite a while to sync so I'm wondering if it's usable during the sync?

After installation you have to wait for the initial sync.  In the future it shouldn't take that long to sync unless you haven't opened the wallet in a long, long, time.  It appears you can't do anything while syncing though.

[RomanV]

Hmm.. I see only bot trades on cryptopia. Is there any news about the bigger exchanges?

[tf2addict]

Transactions seem slow this morning, I've had a receive in the pool for 40 minutes with 0 confirms so far.

[fitz123]

Transactions seem slow this morning, I've had a receive in the pool for 40 minutes with 0 confirms so far.

I guess my piddly little purchase over there this morning didn't make a dent.
I guess I'll leave them with crytpopia for a while and move them to the wallet later today. Someone mentioned the coin needs to get on a few more exchanges and a little boost of promotion...I think it has a future so I cashed in some ripple and I'll sit on the sumo for a while. I think it's an infant coin ready to grow...but who knows?

[Germining]

Sumokoin is a lowcapcoin. Dev are working on the core to implement Sumo's next big feature (subaddresses)
Since dev won't go for marketing bevor the work is done, it is quite natural for a small coin to loose volume (and value).

But imho this is honest & true developement without the urge to pump just for the sake of it.

I respect Sumokoin's dev for this decision and support their way of thinking. You don't see this often in times of crazy ICOs, only driven by big marketing shemes...

[RomanV]

Sumokoin is a lowcapcoin. Dev are working on the core to implement Sumo's next big feature (subaddresses)
Since dev won't go for marketing bevor the work is done, it is quite natural for a small coin to loose volume (and value).

But imho this is honest & true developement without the urge to pump just for the sake of it.

I respect Sumokoin's dev for this decision and support their way of thinking. You don't see this often in times of crazy ICOs, only driven by big marketing shemes...

Yeah.. By the way and when the developers will open the wallets with premine? July 2018 first 600k? Given the very slow progress of this can be a problem. Not much time left.
I leave a few thousand sumo on the future. Still think the project is interesting. But now a lot of promising projects, there is faster things move. And from the developers themselves something little news. Subaddress nice, but on the market will not greatly affected.
What about hitbtc? 5-6 BTC listing on the 6 months or I mistake? I think not a bad option if so..
I mean, what cryptopia obviously artificially maintained the price of 4-5K now. The last time I bought 4K sumo with difficulty. Nobody wanted to sell at a reasonable price now. It is laughter and not bidding.

[Germining]

I guess Hitbtc won't help. At least not now. Fees for 6 month are about 15btc (about 5 for one time source code check and about 10 for 6 month listing).

A lot of money if you ask me. Anyway it is not my decision to make 

I still don't get the fear of the premine. I can't figure out a single scenario were it would be good to dump it...

If the coin won't be successfull until the first premine is set free, there is no reason to cash out since you simply can't.

If the coin is successfull, a little cash out would not hurt at all.

However, I discussed the premine far to often. I hold a couple of Sumo and I won't sell them anytime soon. However, everybody has to make up his own mind about the premine.

[RomanV]

I guess Hitbtc won't help. At least not now. Fees for 6 month are about 15btc (about 5 for one time source code check and about 10 for 6 month listing).

A lot of money if you ask me. Anyway it is not my decision to make 

I still don't get the fear of the premine. I can't figure out a single scenario were it would be good to dump it...

If the coin won't be successfull until the first premine is set free, there is no reason to cash out since you simply can't.

If the coin is successfull, a little cash out would not hurt at all.

However, I discussed the premine far to often. I hold a couple of Sumo and I won't sell them anytime soon. However, everybody has to make up his own mind about the premine.

Yes, "5 BTC for one time source code check" LOL.
We'll see.. I only want to decide, how many the sumo to keep.
And when the release subaddress functionality?

[Germining]

The roadmap states that subaddresses will be ready this month. There is already new activity on Sumo's git. If I was you, I would keep all my Sumo. There is no point in selling them at this low price anyway 

[RomanV]

Yes, thank's, I'll hold the main part.
But in any case, I think the developers need more time to marketing. Technically, the coin is not bad looking.

[bzyzny]

Here's a thought for sumokoin pool operators, increase minimum payout threshold to 1 or 2 sumo. I see some pools will payout in amounts less than 1 sumo, this causes block chain bloat. Maybe when net hashrate is much higher it will make sense for smaller payouts, but for now it is just generating a large number of small tx, which will cause large database size.

[tf2addict]

Here's a thought for sumokoin pool operators, increase minimum payout threshold to 1 or 2 sumo. I see some pools will payout in amounts less than 1 sumo, this causes block chain bloat. Maybe when net hashrate is much higher it will make sense for smaller payouts, but for now it is just generating a large number of small tx, which will cause large database size.

I agree. SOAT pool pays out .1 SUMO, that's ridiculous, that's like a couple minutes of mining time for me.  I don't know how often they pay out but I don't need need 10 payouts a day.  Twice a day is more than enough.  It would be best if it were configurable but the pool software just doesn't support that.

[Germining]

Hello guys,

Make sure to join Sumokoin on telegram and follow them on twitter!

[beeelzebub]

Hello guys,

Make sure to join Sumokoin on telegram and follow them on twitter!

My telegram full of airdrop tokens and don't use it anymore, only for form filling. But now adding twitter, thanks.

[Germining]

Make a new telegram account and join sumo. We have a very nice community!

[bzyzny]

I agree. SOAT pool pays out .1 SUMO, that's ridiculous, that's like a couple minutes of mining time for me.  I don't know how often they pay out but I don't need need 10 payouts a day.  Twice a day is more than enough.  It would be best if it were configurable but the pool software just doesn't support that.

Forget which one(s) but I tried a pool that had no minimum, it was sending payouts of 0.05 or less! It would be nice to have option like you said, because I understand some people may have very low or very high hash rate

[sumoshi]

FYI, I and Haruto are working on subaddress for Sumokoin. Some performance issues need to be fixed currently.

We hope to merge code and release next binary version by Nov 20. New GUI wallet version with subaddress feature will be released soon after the merge.

Thank you all for kind supports.

[crd007]

Somethings wrong with the official pool? Switched to it because my other pool went offline and I was mining for over an hour now with 2.5 Kh/s and still no pending balance .. nothing. Whats wrong here? I'll stop mining sumo coin for now until this is fixed!