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

[rodyw]

Wow, the hashrate is 91.83 MH/s at this very moment, that is insane, given the current SUMO price...
I think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!

Nope it was a sudden jump of 60 MH/s which can be only a huge botnet trying its luck. As you can see the diff spiked immediately due to our responsive diff algo and there is a delay of the current block which means that the botnet is out already. Within the next couple of blocks hashrate will dramaticaly drop. They ve just managed to mine 1 or 2 blocks and they departed

The last time I checked the difficulty was only around 2G, something I hadn't seen for a while. That was probably just before this spike began.

[chenjl84]

SUMOKOIN please keep the positive feedback and gradual motivation of the community. Attract more investors to participate.

[kampaeros]

www.sg-pool.com, a 0% fee mining pool, is still seeking more miners to come and support us!
With lowered payouts to 0.2 SUMO, smaller hashrates miners are very welcome!
So far we have found 3 blocks and are looking to add more together with you.

Still looking for more people to come support and decentralise SUMO network.
Pool is still 0% fee.

[roboadvisorcoin]

Sumokoin is on the top list of our RoboAdvisor, an artificial intelligence based plattform that offers cryptocurrency news and forecasts.
According to our robot's forecasts, Sumokoin has an upside probability of 53.85% for the next month and an expected return of >+30% .
Soon we will offer the possibility to bet on the trend of this token.

[9ine]

i like me some sushi

[onionpealer]

Wow, the hashrate is 91.83 MH/s at this very moment, that is insane, given the current SUMO price...
I think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!

Nope it was a sudden jump of 60 MH/s which can be only a huge botnet trying its luck. As you can see the diff spiked immediately due to our responsive diff algo and there is a delay of the current block which means that the botnet is out already. Within the next couple of blocks hashrate will dramaticaly drop. They ve just managed to mine 1 or 2 blocks and they departed

The last time I checked the difficulty was only around 2G, something I hadn't seen for a while. That was probably just before this spike began.

Once the Baikal Giant-N hits the market the difficulty will spike and it will stay high for ever more, time to look for a new coin to mine unless SumoKoin finds a way to defeat this ASIC.
https://www.baikalminer.com/product12.php

[crafty]

Buying ASICs to mine and earn is a bad idea imo. Unless you become one of the first ones to get your hands on the hardware, its not worth it. Even if you get in the first batch, ROI drops quickly as diff rapidly increases.

[online987659329]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

[h0g0f0g0]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

WTF? Any plans to fork away from ASICs?

[sumogr]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

WTF? Any plans to fork away from ASICs?

https://twitter.com/sumokoin/status/974190977714933760

[cryptonist]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

WTF? Any plans to fork away from ASICs?

https://twitter.com/sumokoin/status/974190977714933760

I'd like for the devs to consider differentiating themselves from Monero with this opportunity. Don't use the same logic XMR team is using to fork away, maybe provide a little bit extra to really show how good the team is. If the team simply copies XMR, we'll continue to experience more FUD.

Regardless, it is great to see the team is ready to combat ASICs. I was almost considering switching my Vegas to another algo.

[rodyw]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

WTF? Any plans to fork away from ASICs?

https://twitter.com/sumokoin/status/974190977714933760

Good to see that a reaction is given so fast. I think a lot of people, including me, was unsure about the future of mining Sumo with GPU's

[sumogr]

another beast from Bitmain!

https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F

Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s

WTF? Any plans to fork away from ASICs?

https://twitter.com/sumokoin/status/974190977714933760

Good to see that a reaction is given so fast. I think a lot of people, including me, was unsure about the future of mining Sumo with GPU's

We are working on our own tweak as well, aim is to make the algo completely asic resistant (there is a interesting approach on that which we are attempting) and change the gpu to cpu ratio in favor of gpus (to mitigate botnet's impression on the network's hashrate). If we are overrun we fork asap on Monero's tweak (thank you guys by the way, what misled us is the fact each asic manufacturer was using his entire production of asics to harvest. Thus their hashrate had botnet-like behavior on the network) and apply ours on a later date. So everything's good I guess Thank you all for the interest!

[jpdorn]

So, there wont be an open discussion about embrace or not ASIC's by community?

[sumogr]

So, there wont be an open discussion about embrace or not ASIC's by community?

So you think we should embrace ASICs?
Give me a good reason and I ll give you ten bad ones

[jpdorn]

So, there wont be an open discussion about embrace or not ASIC's by community?

So you think we should embrace ASICs?
Give me a good reason and I ll give you ten bad ones

My opinion is irrelevant, im talking about sumokoin community; since youre changing algo mining youre automatically creating a new altcoin.

[cryptonist]

So, there wont be an open discussion about embrace or not ASIC's by community?

So you think we should embrace ASICs?
Give me a good reason and I ll give you ten bad ones

My opinion is irrelevant, im talking about sumokoin community; since youre changing algo mining youre automatically creating a new altcoin.

I'd agree with you if this were 2011. Forking to combat ASICs is the new normal. As is, Baikal and Bitmain have probably been mining via ASICs for a couple of months, if not longer. No need to waste another month to acquire consensus around a fork and cause more drama.

[Germining]

So, there wont be an open discussion about embrace or not ASIC's by community?

We have a lot of platforms where one can discuss. You can do it here, or (even better) on our telegram channel. What more of an open discussion do you think of?

[RIGED]

anything ASIC has become centralised as only big investment is able to mine it efficiently

i mine crypto first for busting the banks and then for all other reasons, this distance from centralised power is a step in the positive

[Cyan_Antares]

Bitmain ASIC miners are deeply affecting GPU mining profitability --this video came out today and wanted to share.

https://www.youtube.com/watch?v=crBfzz13Fu8