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

[sharpshot]

This is one of the few coins I can mine easily with my CPU.  I don't make much but it's nice to do when I'm using my PC for other things.  Electricity is so expensive in the UK, I don't do much GPU mining and I like CPU, because I can still do most things with my PC while mining.  Hope this coin grows, would be nice to see it in the top 100.

[ninjaskip]

Where would you put Sumokoin in the ranking of all those anon coins out there? Like Zcoin and Zcash etc. Is it really superior to Monero or does the advancement of the anon tech also come with other pitfalls? Would it be possible for Monero to upgrade the code base with what you have and if yes, why don't they do it?

[sumogr]

Where would you put Sumokoin in the ranking of all those anon coins out there? Like Zcoin and Zcash etc. Is it really superior to Monero or does the advancement of the anon tech also come with other pitfalls? Would it be possible for Monero to upgrade the code base with what you have and if yes, why don't they do it?

In privacy Sumokoin is at the same level as Monero and this is 100% provable so there are no major differences in the anon tech.
Sumokoin at the moment is as anonymous and private as Monero.

BUT
What differentiates it from Monero is that Monero propagates through hard forks and patches. Sumokoin had just one hard fork, at the beginning, in order to introduce a new diff algo to deter nicehashers and cpu farms with extremely high hashing power to take advantage of the lag of the difficulty adjustment of the original cryptonote diff algo and gain the majority of the blocks while leaving the network stalled in high difficulty when it reached the proper relative value. This is why it is most of the times the most profitable coin to mine at whattomine even though its price at the moment is ridiculously low.
No further hard forks are anticipated.

Sumokoin also has RingCT and 12 mixins from day one, from the first coin minted so there are no traceable transactions in its chain, Monero had to hard fork recently in order to introduce compulsory ringCT so all transactions before that are potentially traceable.
Sumokoin has arguably a better coin emission plan (check the ANN) which doesnt emit all coins at the first couple of years making it commercially more attractable since it will reach maximum block reward when wishfully will be adopted by markets and the need of circulating coins volume will be greater.

Devs will be merging subaddresses capability to core this month that will enhance its privacy ( Monero already did ) devs are at the last stages of testing at the moment.

Sumokoin has a more easy to use and presentable GUI wallet which adds to the easy to use but 100% mentality of the coin.

Devs have plans to differentiate further from Monero but keeping the privacy principle attached so all innovations applied will not affect the fungibility and the 100% anonymity of the coin.

[d3athgu1s3]

Where would you put Sumokoin in the ranking of all those anon coins out there? Like Zcoin and Zcash etc. Is it really superior to Monero or does the advancement of the anon tech also come with other pitfalls? Would it be possible for Monero to upgrade the code base with what you have and if yes, why don't they do it?

In privacy Sumokoin is at the same level as Monero and this is 100% provable so there are no major differences in the anon tech.
Sumokoin at the moment is as anonymous and private as Monero.

BUT
What differentiates it from Monero is that Monero propagates through hard forks and patches. Sumokoin had just one hard fork, at the beginning, in order to introduce a new diff algo to deter nicehashers and cpu farms with extremely high hashing power to take advantage of the lag of the difficulty adjustment of the original cryptonote diff algo and gain the majority of the blocks while leaving the network stalled in high difficulty when it reached the proper relative value. This is why it is most of the times the most profitable coin to mine at whattomine even though its price at the moment is ridiculously low.
No further hard forks are anticipated.

Sumokoin also has RingCT and 12 mixins from day one, from the first coin minted so there are no traceable transactions in its chain, Monero had to hard fork recently in order to introduce compulsory ringCT so all transactions before that are potentially traceable.
Sumokoin has arguably a better coin emission plan (check the ANN) which doesnt emit all coins at the first couple of years making it commercially more attractable since it will reach maximum block reward when wishfully will be adopted by markets and the need of circulating coins volume will be greater.

Devs will be merging subaddresses capability to core this month that will enhance its privacy ( Monero already did ) devs are at the last stages of testing at the moment.

Sumokoin has a more easy to use and presentable GUI wallet which adds to the easy to use but 100% mentality of the coin.

Devs have plans to differentiate further from Monero but keeping the privacy principle attached so all innovations applied will not affect the fungibility and the 100% anonymity of the coin.

Well said and detailed explanation!

[cryptomaxsun]

In the logs of the daemon there is an IP address of the nodes. This is bad in terms of anonymity.
Is it possible to hide the IP addresses in the logs for more privacy?

[sumogr]

In the logs of the daemon there is an IP address of the nodes. This is bad in terms of anonymity.
Is it possible to hide the IP addresses in the logs for more privacy?

By checking the logs all you can figure out is which ips are running a daemon. You cannot tell if a wallet is running on it and transacations are performed through this ip and even if you intercept a transmission you will never know the recipient let alone the amount.
Verge people (who by the way have a rich list at their blockexplorer site   go figure how anonymous their coin is ) tried to magnify this issue and tried to disprove the absolute privacy of Monero but of course failed miserably.
Hence its not illegal or compromising secutiry the fact that you are running a daemon ( pools by default are running daemons that doesnt mean that you can trace their rewards or the miners ips ).
If for any other reason you really want your daemon ip not to show then run it on vpn or tor

[Mattthev]

This is one of the few coins I can mine easily with my CPU.  I don't make much but it's nice to do when I'm using my PC for other things.  Electricity is so expensive in the UK, I don't do much GPU mining and I like CPU, because I can still do most things with my PC while mining.  Hope this coin grows, would be nice to see it in the top 100.

SUMO is not best for CPU mining... If you want to CPU mine Cryptonote coin mine AEON, it is probably better choice. SUMO mine with GPU.

[sumogr]

This is one of the few coins I can mine easily with my CPU.  I don't make much but it's nice to do when I'm using my PC for other things.  Electricity is so expensive in the UK, I don't do much GPU mining and I like CPU, because I can still do most things with my PC while mining.  Hope this coin grows, would be nice to see it in the top 100.

SUMO is not best for CPU mining... If you want to CPU mine Cryptonote coin mine AEON, it is probably better choice. SUMO mine with GPU.

aeon will give you more hashes due to cryptonight lite algo but SUMO is still more profitable to mine with CPU even though the hashes acquired will be less (much lower network difficulty)

[cryptonist]

SUMO team, what is the plan yo add SUMO to more exchanges? Are you already talking to potential exchanges and any timeline regarding the process?

Also, one thing I haven’t liked about privacy coins is the slow transaction speed. As a suggestion, would love you guys to make this feature of fast transactions part of the roadmap (assuming it is feasible). That alone would be a HUGE differentiator for you guys.

[minerlai]

would there be plans to add masternodes like what Zencash is planning to do?

[witch]

SUMO team, what is the plan yo add SUMO to more exchanges? Are you already talking to potential exchanges and any timeline regarding the process?

Also, one thing I haven’t liked about privacy coins is the slow transaction speed. As a suggestion, would love you guys to make this feature of fast transactions part of the roadmap (assuming it is feasible). That alone would be a HUGE differentiator for you guys.

Maybe we can organize a crowdfunding campaign to collect funds for an exchange listing.

What do you think about that? Anyone interested in participating?

[sumogr]

SUMO team, what is the plan yo add SUMO to more exchanges? Are you already talking to potential exchanges and any timeline regarding the process?

Also, one thing I haven’t liked about privacy coins is the slow transaction speed. As a suggestion, would love you guys to make this feature of fast transactions part of the roadmap (assuming it is feasible). That alone would be a HUGE differentiator for you guys.

Maybe we can organize a crowdfunding campaign to collect funds for an exchange listing.

What do you think about that? Anyone interested in participating?

LOL ok can you gather the below amount that HitBTC officialy asked from the dev team?

Price - 5 BTC, non-refundable for code checking

Basic Offer

6 months listing —— 9 BTC /per currency pair*
12 months listing —--- 15 BTC /per currency pair*

Lifetime listing: 3 pairs, unlimited listing + Blog Post = 50 BTC

We have cryptopia and livecoin currently (both of which were paid out of the devs own money (4 BTC for each exchange = 8 BTC in total 56000 usd at current rate) and there is hardly any volume in livecoin.
Big exchanges are unreachable at the moment cause they ask for huge fees, this is a great part of the reason the premine was kept for cause if you want to enlist at least three big exchanges you must have at hand big amounts of BTC and its tremendously difficult to gather such money from donations.
So be patient guys and use the two current exchanges

[rodyw]

SUMO team, what is the plan yo add SUMO to more exchanges? Are you already talking to potential exchanges and any timeline regarding the process?

Also, one thing I haven’t liked about privacy coins is the slow transaction speed. As a suggestion, would love you guys to make this feature of fast transactions part of the roadmap (assuming it is feasible). That alone would be a HUGE differentiator for you guys.

Maybe we can organize a crowdfunding campaign to collect funds for an exchange listing.

What do you think about that? Anyone interested in participating?

LOL ok can you gather the below amount that HitBTC officialy asked from the dev team?

Price - 5 BTC, non-refundable for code checking

Basic Offer

6 months listing —— 9 BTC /per currency pair*
12 months listing —--- 15 BTC /per currency pair*

Lifetime listing: 3 pairs, unlimited listing + Blog Post = 50 BTC

We have cryptopia and livecoin currently (both of which were paid out of the devs own money (4 BTC for each exchange = 8 BTC in total 56000 usd at current rate) and there is hardly any volume in livecoin.
Big exchanges are unreachable at the moment cause they ask for huge fees, this is a great part of the reason the premine was kept for cause if you want to enlist at least three big exchanges you must have at hand big amounts of BTC and its tremendously difficult to gather such money from donations.
So be patient guys and use the two current exchanges

It's strange to see the low volume in Livecoin. I really like this exchange and I think it has a quite a bit of traders but also a lot of different coins. The only thing I don't like is that you have to be logged in to see the markets.

[jamesmd]

New SUMO Pool, 0% Fees and Dedicated High end hardware!

intensepool.net

We need your help to improve our hashrate! Found another block today! Come on guys, join us

   Host: sumo.intensepool.net

   Ports:

• 4444: Low End Hardware
• 6666: Mid Range Hardware
• 9999: High End Hardware

Hourly payments when blocks are found!

Location, Newcastle UK.

[rodyw]

New SUMO Pool, 0% Fees and Dedicated High end hardware!

intensepool.net

We need your help to improve our hashrate! Found another block today! Come on guys, join us

   Host: sumo.intensepool.net

   Ports:

• 4444: Low End Hardware
• 6666: Mid Range Hardware
• 9999: High End Hardware

Hourly payments when blocks are found!

Location, Newcastle UK.

Seriously, what's the difference with the post of yesterday!? You better watch out, because it's going to look like spamming the threads with your pool.

[Foxcor]

SUMO team, what is the plan yo add SUMO to more exchanges? Are you already talking to potential exchanges and any timeline regarding the process?

Also, one thing I haven’t liked about privacy coins is the slow transaction speed. As a suggestion, would love you guys to make this feature of fast transactions part of the roadmap (assuming it is feasible). That alone would be a HUGE differentiator for you guys.

Maybe we can organize a crowdfunding campaign to collect funds for an exchange listing.

What do you think about that? Anyone interested in participating?

LOL ok can you gather the below amount that HitBTC officialy asked from the dev team?

Price - 5 BTC, non-refundable for code checking

Basic Offer

6 months listing —— 9 BTC /per currency pair*
12 months listing —--- 15 BTC /per currency pair*

Lifetime listing: 3 pairs, unlimited listing + Blog Post = 50 BTC

We have cryptopia and livecoin currently (both of which were paid out of the devs own money (4 BTC for each exchange = 8 BTC in total 56000 usd at current rate) and there is hardly any volume in livecoin.
Big exchanges are unreachable at the moment cause they ask for huge fees, this is a great part of the reason the premine was kept for cause if you want to enlist at least three big exchanges you must have at hand big amounts of BTC and its tremendously difficult to gather such money from donations.
So be patient guys and use the two current exchanges

What do you think about this exchanger?
https://yobit.net/en/addcoin/
Many Russian miners and traders use it.

[RomanV]

What do you think about this exchanger?
https://yobit.net/en/addcoin/
Many Russian miners and traders use it.

A bad exchange with a bad reputation. And they don't add CryptoNote coins.

[d3athgu1s3]

What do you think about this exchanger?
https://yobit.net/en/addcoin/
Many Russian miners and traders use it.

A bad exchange with a bad reputation. And they don't add CryptoNote coins.

Not sure what's the issue is, apart from their crappy UI, it is working perfectly for me though.

[RomanV]

What do you think about this exchanger?
https://yobit.net/en/addcoin/
Many Russian miners and traders use it.

A bad exchange with a bad reputation. And they don't add CryptoNote coins.

Not sure what's the issue is, apart from their crappy UI, it is working perfectly for me though.

I lost money there. Transfer on a credit card not came. Tech. support just closed the ticket. This problem not only for me. They closing coins wallets and pump\dump it. But this wallets normal working on the other exchanges.

[HSCrew]

The only bad thing I see in this coin is the name. Just change it