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

[Germining]

No.

[syncmaster913n]

Seems we are adding roughly 40-60 new members to Telegram every day - considerably more than the 10-15 we used to get a few months ago. At this pace, we should be past 2,000 members in around two days.

Question to Telegram admins: do we have some sort of statistics / charts showing the Telegram user-base growth trend? Is something like that available in the admin back-end?

[AlexanderDumas]

Hi There!
Is there anyone with some decent experience in pool mining at some of the reputable pools and using a rig with at least  4000/8000/Hs that has mined successfully at any of the sumo pool?

For mining successfully i mean getting a payout which is within 5% of the estimate on whattomine, or of the Sumo pools calculators.
If you mine ETN, ETH or XMR to a reputable pool like Nanopool for 24 hours with a reliable rig like mines, you get more or less what the estimate on whattomine or their calculator states. I mean 5% difference max, can be more, can be less of your "reported hashrate", but it hardly fall to far off the "reported hashrate" of your rig or PC. Even NiceHash delivers within 5% of the estimated output.

I have tested  3 pools (Hashvault, Fairpool, Bohemian) for a few days with an 8500H/s rig and they all output about 30/45% less payout of the "reported hashrate" and even their calculator estimate on their own pool web page.

For example at Sumo FairPool, I had an estimate of 5.2 for the whole 24 hours that the 8500 Hs rig was working, which was perfectly on line with Whattomine estimate, and at the end I have got only 3.4 sumo in 24 hours. I had worst results at the other 2 pools mentioned above.
I know that there may be a discrepancy between "reported hashrate" from the rig and final accepted share and paid output, but it normally even out in 24hours and never exceed 5% discrepancy, unless your are mining at a sh... pool like it may be the case of sumo pools.

Here bear the question, since we are talking about a small coin that is pumped and dumped at least once a week. Are they pumping the coin to attract people to mine even the coin believers fan boys with a laptop CPU on order to have hashing power to keep this gig running?
That is what the picture looks like: small time crooks pumping a penny stock ala Soprano's.

No wonder these SUMO pools cannot gather the traffic from big top miners with thousands of rigs each, that any XMR or ETN pool can.

Any educated opinion and experience is welcome.

Cheers.

[Germining]

My guess: Sumokoin's diff changes a lot (quicker). Sumo had some botnet issues at the start. Devs implemented an unique diff algo. It changes the diff very fast (according to the networks hr of course). We had a lot and big changes in hr the last weeks. Check what the average HR was
 Take that to check the (theoretical) outcome. The numbers should match.

[syncmaster913n]

Here's my quick personal summary of the past few days for Sumokoin:

• Sumo was officially accepted by Next.exchange and will be added to their trading platform. See here: https://twitter.com/NextExchange/status/951929556667109377
• Sumo passed the $10 price mark for the second time yesterday. Currently steadily sitting between $9.50 and $10.
• On January 13, Sumokoin's Cryptopia orderbook size was around 70 BTC - I believe this is the largest it has ever been. Up until 6-7 weeks ago, an orderbook size of a few BTC was the norm.
• As of today, our Telegram group is approaching 1,900 members. To put this in perspective, consider that we had 1,600 members as recently as January 6. This means around 300 new members joined us during the past week alone.
• Around 38 BTC in orders on Cryptopia would take Sumo past 100k satoshi per coin.
• Our Telegram community is ralying for yet another vote to hopefully get us onto a new exchange.
• As of today, a single Sumo is worth 30x what it was worth seven weeks ago. And yet we are still at a relatively tiny market cap of 27 million.
• Official Twitter account passes 3,200 followers, and our tweets see an average of between 50 and 100 "likes," with more of them approaching the upper end of that range in recent days.
• This tweet currently has 109 likes: https://twitter.com/sumokoin/status/952246731026157568. For comparison, consider that Monero's Twitter account currently has 231,000 followers (72 times more than Sumokoin), but most of their tweets currently see an average of 200-300 "likes", and many seem to get as few as 40-50. This is NOT a jab at Monero. It's only intended to show how active and committed our community is.

Let's see what next week brings.

[AlexanderDumas]

My guess: Sumokoin's diff changes a lot (quicker). Sumo had some botnet issues at the start. Devs implemented an unique diff algo. It changes the diff very fast (according to the networks hr of course). We had a lot and big changes in hr the last weeks. Check what the average HR was
 Take that to check the (theoretical) outcome. The numbers should match.

Thank you for chiming in.

I obviously did that, before making a long post like the one above.
And wasted a lot of time watching paint drying on the screen, if you get the picture.
Since I am used to mine at Nanopool with ETH, ETN, XMR, PSC, i get the average within an hour, sometimes with ETN it takes 6 hours with a small rig with 3 cards, but not with the more powerful rigs of 6 GPU. At the end of the day, week or month, it never fail me.
So when I began mining Sumo, I was surprised of the discrepancy and therefore, since the eventual reward $$$ initially had good promises, I went on checking further to make sure there was nothing wrong on my side. I did tests separated by two weeks on 3 different pools with a 5 GPU Rig and a fairly powerful 2 GPU PC.
The result has always been 35% to 45% off the mark.

So if there is one of the SUMO team lurking, I would suggest to whoever is responsible for the gig, to take a clear look at the tools they have (calculators on the pools and what ever feeds the datas to whattomine) and make them give the right picture. Credibility is a must.
I understand that doing so, it will lower the amount of people who are willing to mine for 30/40% less.
Then people would obviously point their GPUs to ETN, XMR or Nicehash.

[wtfpdf]

Hi There!
Is there anyone with some decent experience in pool mining at some of the reputable pools and using a rig with at least  4000/8000/Hs that has mined successfully at any of the sumo pool?

For mining successfully i mean getting a payout which is within 5% of the estimate on whattomine, or of the Sumo pools calculators.
If you mine ETN, ETH or XMR to a reputable pool like Nanopool for 24 hours with a reliable rig like mines, you get more or less what the estimate on whattomine or their calculator states. I mean 5% difference max, can be more, can be less of your "reported hashrate", but it hardly fall to far off the "reported hashrate" of your rig or PC. Even NiceHash delivers within 5% of the estimated output.

I have tested  3 pools (Hashvault, Fairpool, Bohemian) for a few days with an 8500H/s rig and they all output about 30/45% less payout of the "reported hashrate" and even their calculator estimate on their own pool web page.

For example at Sumo FairPool, I had an estimate of 5.2 for the whole 24 hours that the 8500 Hs rig was working, which was perfectly on line with Whattomine estimate, and at the end I have got only 3.4 sumo in 24 hours. I had worst results at the other 2 pools mentioned above.
I know that there may be a discrepancy between "reported hashrate" from the rig and final accepted share and paid output, but it normally even out in 24hours and never exceed 5% discrepancy, unless your are mining at a sh... pool like it may be the case of sumo pools.

Here bear the question, since we are talking about a small coin that is pumped and dumped at least once a week. Are they pumping the coin to attract people to mine even the coin believers fan boys with a laptop CPU on order to have hashing power to keep this gig running?
That is what the picture looks like: small time crooks pumping a penny stock ala Soprano's.

No wonder these SUMO pools cannot gather the traffic from big top miners with thousands of rigs each, that any XMR or ETN pool can.

Any educated opinion and experience is welcome.

Cheers.

Hello, I have 2 ~7kH rigs, tried both in several SUMO pools (the official one, hashvault and fairpool) and payouts were always very close to estimates. I've never seen diferencies higher the ~5-10%

[infinitytech]

Infinity Pools

http://sumo.infinity-net.ro

Spread the love and hashing power

Low 0.01% fee & 0.1 minimum Payout - come one,come all ...



Working on more pools, just let me know what coin you want.

[AlexanderDumas]

[/quote]

Hello, I have 2 ~7kH rigs, tried both in several SUMO pools (the official one, hashvault and fairpool) and payouts were always very close to estimates. I've never seen diferencies higher the ~5-10%

[/quote]
Hi, thank you for chiming in!
So you should be getting around 4 to 4.2 sumo per rig, are you?

[yyz13857180757]

sumokoin will be listed on next.exchange! Hope to see it on more exchanges soon

Be patient and wait for Sumokoin to be listed on the next stock exchange. The price of SUMO has increased a lot. You should be satisfied and keep your usual heart and let it develop slowly. Don't worry too much.

[visdude]

What do the experts on here think about what happens when 600,000 premined Sumos in "Wallet 1" gets released from the make-believe and self-imposed escrow and dumped into the market in 6 months time? Wouldn't the anticipated event itself create havoc on the market just before it actually happens let alone the eventual dumping?

Escrowed Wallets

Majority of premined coins (98%) are locked in the following wallets:

Wallet 1:

Code:

Address: SumonzyoAnidrp3B6WhbntJLRJsPRD7LiSd2e5HjRV9h6qWj6ia2ihgRXn8ZwmwfQgZ1mL9EkcsBcELL4h84v1yhMF9opLgjM1j
Viewkey: e6e58faa93dba88315f67f53cba9413ebf0f423badb62696aa28ce6c0db2df00
Locked amount: 600,000 -- Until height#: 153600 (July 2018)

Wallet 2:

Code:

Address: SumonzyopdC7egt7MWhJcNfR3ktmfWqPNcu3Sb9aejAZ48W4a1ZW95vjXyQDuLLg2gSN8GkP3474R2wRr1h9ggy2BUHhbrLJJ51
Viewkey: 25ba5fa5abb5f99962754001ff631e01684f9a59871d798a20a1658ba31c950c
Locked amount: 900,000 -- Until height#: 285091 (July 2019)

Wallet 3:

Code:

Address: SumonzyoK3hCffFQ8djaKZhokmPZsiuEaeLfEtnJfTXVQV3ce3mNHKHQ5kYLPVfNMsS7dhmyHihvhfKU6xXCrmaL4RVDo8eR3gB
Viewkey: 1a8c55e52f7f80da3dfd2eadf71a74afb3242c20168ad888b57f483dbc38b00e
Locked amount: 1,100,000 -- Until height#: 416581 (July 2020)

Dev Wallet:

Code:

Address: Sumoo4aMxWbLgqVazxbiNNFSDyhBEonRf99KmceTEnYUCWUQR2gXF1617P8xQxaMcGi5BAU7juzThSTboV6e1gitSjkfjq2zgY2
Viewkey: e12497b6dc6c2cbaf7b311e54b93e4e5f6367acda69a49f9ef20c51d9c689f00
Locked amount: 6,100,000 -- Until height#: 416581 (July 2020)

[Germining]

Sure... the price will pump bcs we all are excited to be able to pay the listing fees for big exchanges.   Can't wait for the first wallet to be released.

For the noobs: the wallets are locked until a specific block gets reached (Visdude was nice enough to quote Sumoshi's post so you can see the block). Unfortunately Visdude does not know the cryptonote command that locks the wallets (even though devs explained it here a few times and it workes the same way for his beloved xmr...).

By the way: happy birthday Visdude. I missed you  

[nick1492]

Sumokoin price has already gain so much ground in terms of pricing. A great anonymous coin to invest too. Lets see if this coin can reach the Bittrex enlistment.

[visdude]

Okay. For the sake of transparency and accuracy, please state the specific Cryptonote command and what does it do exactly? That said, who did the locking and who does the unlocking? In other words, who controls the escrow itself? Is it even relevant when it is already on record that 600,000 Sumos will be released into the wild in 6 months or are you just trying very hard to divert attention from this fact and its effect on the market by making it all about me as usual which is getting very old already. Please stay on topic and give us a factual answer/explanation. I did say "experts" and obviously you are not.

Again, what do the experts on here think about what happens when 600,000 premined Sumos in "Wallet 1" gets released from the make-believe and self-imposed escrow and dumped into the market in 6 months time? Wouldn't the anticipated event itself create havoc on the market just before it actually happens let alone the eventual dumping?

[tuiputui]

This guys just released the mobile wallet and many things long in the roadmap recently.... do you think a Scam would take all that effort?....Why would Sumoshi pay his own bitcoins to list on cryptopia is he plans to screw things later?

It´s 2018 Dude... if you want free money, just run a crappy ICO.. collect 1$million or 2.. and run away....

What will happend with the premine is what happends with most ICO coming out this days... THEY WILL DO MARKETING... THEY WILL APPLY FOR EXCHANGES (nor less than 100BTC to go binance, not les than 55 hitBTC).. They will be able to pay many community members who make good proposals but right now they can´t get anything in exchange.. Bounties.. Take the project where it should be if we didn´t live in a ICO world... and we are just settling everything for that moment...  if you like community based projects there´s plenty of them here... any new one of those gets over the top 200 without funds this days..  
If that´s not ok with you... Then pass... It´s ok with me and many like me... and that´s my bet to see Sumo success

What do the experts on here think about what happens when 600,000 premined Sumos in "Wallet 1" gets released from the make-believe and self-imposed escrow and dumped into the market in 6 months time? Wouldn't the anticipated event itself create havoc on the market just before it actually happens let alone the eventual dumping?

Escrowed Wallets

Majority of premined coins (98%) are locked in the following wallets:

Wallet 1:

Code:

Address: SumonzyoAnidrp3B6WhbntJLRJsPRD7LiSd2e5HjRV9h6qWj6ia2ihgRXn8ZwmwfQgZ1mL9EkcsBcELL4h84v1yhMF9opLgjM1j
Viewkey: e6e58faa93dba88315f67f53cba9413ebf0f423badb62696aa28ce6c0db2df00
Locked amount: 600,000 -- Until height#: 153600 (July 2018)

Wallet 2:

Code:

Address: SumonzyopdC7egt7MWhJcNfR3ktmfWqPNcu3Sb9aejAZ48W4a1ZW95vjXyQDuLLg2gSN8GkP3474R2wRr1h9ggy2BUHhbrLJJ51
Viewkey: 25ba5fa5abb5f99962754001ff631e01684f9a59871d798a20a1658ba31c950c
Locked amount: 900,000 -- Until height#: 285091 (July 2019)

Wallet 3:

Code:

Address: SumonzyoK3hCffFQ8djaKZhokmPZsiuEaeLfEtnJfTXVQV3ce3mNHKHQ5kYLPVfNMsS7dhmyHihvhfKU6xXCrmaL4RVDo8eR3gB
Viewkey: 1a8c55e52f7f80da3dfd2eadf71a74afb3242c20168ad888b57f483dbc38b00e
Locked amount: 1,100,000 -- Until height#: 416581 (July 2020)

Dev Wallet:

Code:

Address: Sumoo4aMxWbLgqVazxbiNNFSDyhBEonRf99KmceTEnYUCWUQR2gXF1617P8xQxaMcGi5BAU7juzThSTboV6e1gitSjkfjq2zgY2
Viewkey: e12497b6dc6c2cbaf7b311e54b93e4e5f6367acda69a49f9ef20c51d9c689f00
Locked amount: 6,100,000 -- Until height#: 416581 (July 2020)

[Germining]

Sure... devs will make an instand sell order, destroying the price and their hard work. You got it all figured out  

How the funds are locked was explained a lot. Look it up yourself. The wallet is locked until a specific block id reached. Only way to get it out earlier is HF.

Why am I telling you this... You know it yourself...

[treanski]

i hope some of you had some buyorders @4500 bäm instant profit

[visdude]

Thanks. I appreciate all your efforts in trying to answer my question. However, you're still being very defensive and illusive about it and deviating from the gist of my question not to mention that your replies are all based on assumptions and not based on relative history and common knowledge regarding market dynamics. Sarcasm doesn't answer my legitimate question either...only indicates juvenile tendencies. My question is very specific. The answer should be a "yes" or a "no" followed by an explanation validating the "yes" or "no" answer. Very simple.

Again, what do the experts on here think about what happens when 600,000 premined Sumos in "Wallet 1" gets released from the make-believe and self-imposed escrow and dumped into the market in 6 months time? Wouldn't the anticipated event itself create havoc on the market just before it actually happens let alone the eventual dumping?

[danvelvet33]

i hope some of you had some buyorders @4500 bäm instant profit

Damn! I have seen that but did not have order and free BTC, so I had to sell some other coins and missed that prise , but got some for 53000.
 I sold my Sumo earlier at 62000  and  planned to buy it back  , so I am good now. Will keep it  now.

[Germining]

The answer should be a "yes" or a "no" followed by an explanation validating the "yes" or "no" answer. Very simple.

Again, what do the experts on here think about what happens when 600,000 premined Sumos in "Wallet 1" gets released from the make-believe and self-imposed escrow and dumped into the market in 6 months time? Wouldn't the anticipated event itself create havoc on the market just before it actually happens let alone the eventual dumping?

You expect people to guess what the market will do in the future? You question is not specific nor can one give an answer. And who are those "experts" you try to talk to? What's your guess? What are devs going to do with the coins the "took hostage" (just trying to quote you so you get my train of thought ...

You ask for an opinion. A guess at best. I'm in no way defensive, I just correct your false statements.