[ANN] ZUMY | PoW MINING | Masternode | No ICO | Fair Launch |

[TheCryptoKing0611]

So about 1,080 ZUMY will be mined per day, right?

Does that mean it'll be nearly two years until 50% of the circulating supply is fairly mined/staked, and 50% is the 640,000 premined by founders?

Right now devs own 99.3% of circulating supply, and it'll be years before that percentage drops below 50%.

[wanderingwisp]

mining as I speak. Devs have 640000 in a wallet ZCdmmjkvwkR33uAEdxoNMHDaAaxYmiV11d

Current coin supply as of this post is: 640473.5

Not sure how they got 640000 coins when the block reward was 0.5 before switching to 1.6.  

Edit: I see where the 640k is coming from.

https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FO7YEZPD.png&t=596&c=auVKmCJ0Et8RtQ

[zumy]

So about 1,080 ZUMY will be mined per day, right?

Does that mean it'll be nearly two years until 50% of the circulating supply is fairly mined/staked, and 50% is the 640,000 premined by founders?

Right now devs own 99.3% of circulating supply, and it'll be years before that percentage drops below 50%.

I understand your concerns completely – and myself as a crypto enthusiast would feel the same ; We have no presale, no ICO. As much as we're funding out of our pockets too however we need a solid premine to allow us to excel forward - many great projects have them. And I firmly do believe that once our dev teams launched our own two masternodes in Feb this year - we would have proven that we're working on a project and deserve then.
I’d urge you to read our whitepaper, look at what we're doing we just launched what this space and see how we're going to take this forward.

In the whitepaper we explain how we’re using each coin and the purpose of them. Each coin moved out we’d explain the reason why and how it’s being used. We’re using the premine for only a year to get us going as a project. Once that has reached the excess premine is all burnt – this is highlighted clearly in our monthly update where we list what we’ve spent the premine on and where it went.  You can find this on our site once added and on our discord.

We’ll post it on bitcointalk too

The development team will only be running two masternodes in total. And will take 2000 coins a month.

[24Kt]

mining as I speak. Devs have 640000 in a wallet ZCdmmjkvwkR33uAEdxoNMHDaAaxYmiV11d

Current coin supply as of this post is: 640473.5

Not sure how they got 640000 coins when the block reward was 0.5 before switching to 1.6.  

Edit: I see where the 640k is coming from.

Let's see how transparent they will be in the utilization of their premine. In most cases, masternode projects don't hold ICO because they generate money via mn selling. That's easy money and less effort as compared to running an ICO.

[YaYMiner]

Going to jump in on this while it's good. I love cpu mining and there is quite a bit out there but this project looks very promising. I always got the most profit CPU mining with the Argon2d etc algo compared to the rest. I am mining Zumy now with hopes it will succeed. I guess we gotta wait and see how it goes.

[netto7]

Q2 is list to exchange?

[sherm77]

Zumy mining is going great!

[mixasik]

Q2 is list to exchange?

Q2 is to launch our own exchange. xD We'll launch on another exchange soon - there's not enough circulation right now for their to be a sustaible exchange, or enough time for people to evaluate the value of the coin


There are two low volume exchanges who are newly launched:
https://exuex.pro/market/BTC-ZMY
https://exchange.tourcoin.info/


However we haven't placed these in our sites or publicly promoted them - due to being low volume and always a risk for users. We'd always want to list our coin somewhere with large stable markets.

where? where your coin trading on tourcoin? there is nothing. Lying isnt good

[DarkInventory777]

Q2 is list to exchange?

Q2 is to launch our own exchange. xD We'll launch on another exchange soon - there's not enough circulation right now for their to be a sustaible exchange, or enough time for people to evaluate the value of the coin


There are two low volume exchanges who are newly launched:
https://exuex.pro/market/BTC-ZMY
https://exchange.tourcoin.info/


However we haven't placed these in our sites or publicly promoted them - due to being low volume and always a risk for users. We'd always want to list our coin somewhere with large stable markets.

where? where your coin trading on tourcoin? there is nothing. Lying isnt good

Exchange link https://exuex.pro/market/BTC-ZMY does not work. ?

[zumy]

Q2 is list to exchange?

Q2 is to launch our own exchange. xD We'll launch on another exchange soon - there's not enough circulation right now for their to be a sustaible exchange, or enough time for people to evaluate the value of the coin


There are two low volume exchanges who are newly launched:
https://exuex.pro/market/BTC-ZMY
https://exchange.tourcoin.info/


However we haven't placed these in our sites or publicly promoted them - due to being low volume and always a risk for users. We'd always want to list our coin somewhere with large stable markets.

where? where your coin trading on tourcoin? there is nothing. Lying isnt good

Exchange link https://exuex.pro/market/BTC-ZMY does not work. ?

They're having an update of some sort. We're not supporting any of these exchanges - hence links deleted.

[wattana992]

https://focus-pool.com
Eu server

Code:

-a argon2d250 -o stratum+tcp://eu.focus-pool.com:4238 -u <WALLET_ADDRESS> -p c=ZMY

Asia server

Code:

-a argon2d250 -o stratum+tcp://asia.focus-pool.com:4238 -u <WALLET_ADDRESS> -p c=ZMY

[zumy]

Hope you're all doing well. Over the last couple of days it was alleged the Argon2d 250 could be mined with a GPU.

During the initial concept and design of Zumy, the algorithm at that point that had been most successful to meet the objectives was the Argon 2d.  Argon works as a password hashing algorithm using the memory access to allow CPU's to thrive in comparison to GPU's. As technology and crypto currency develops it was always a possibility that work arounds and modifications to Mining software would inevitably happen. Our stance from day one on Zumy's GPU ability was positive. If one was to be developed we'd 100% release it and it's binaries to allow people to use GPU and make a fair choice between which they feel is the most effective.

As it stands it would appear we have a GPU miner created by a developer for our specific Algo Argon2d250. The zumy team didn't create this miner.  Due to the miner being released - our first point of call is to test it  The development team tonight are running GPUs and collating results.

Regardless of the results we promised that we'd release the miners for both. As if a developer can make a GPU miner - anyone can and all people of Zumy as part of our decentralised network need to be able to access all opportunities available for them to mine with - if we don't do this then many members of our community would never now leading to centralised mining.

As a small disclaimer for all Zumy isn't the only coin which now has GPU miners open on Argon2d - this has only came in recent light.

We're extremely glad this came to light within the early days of Zumy preventing people if the GPU miners are proven tonight to be effective, that the community and the project isn't affected at all.

GPU Miner : non official https://github.com/zumy/multiminer



Zumy is flexible and dynamic to cope with economic and technological changes.

[xnyz]

CRDS fork nice :-) https://github.com/CRDS/Credits

[zumy]

CRDS fork nice :-) https://github.com/CRDS/Credits

It's features with the Argon2d implemention we were impressed with - we did make this well known publicly. We even took the lengths to add into our wallets a copyright message too.

[netto7]

https://nosuchpool.cloud


down again and again

[zumy]

https://nosuchpool.cloud


down again and again

I've contacted them - they have 7 day's to fix the issue or we'll remove them off our list of Active pools.

[zumy]

https://nosuchpool.cloud


down again and again

As an update for you sir, seems like they're back up. I recieved an email just now - and it seems good to me.

[magonrus]

CPU mining only? Really?!!!
GPU miner (support for CRDS, ZMY, DYN, ARG, UIS) - https://github.com/bogdanadnan/multiminer

Look at https://pool.rplant.xyz/workers/ZGhSLGyeaaHWZ7wKfiAMfSMCNjih9dumjH:

1060_i5
 113.60 KH/s (Now)
 129.52 KH/s (Avg)

1061
 104.86 KH/s (Now)
 139.78 KH/s (Avg)

1062
 139.81 KH/s (Now)
 116.02 KH/s (Avg)

970
 113.60 KH/s (Now)
 118.10 KH/s (Avg)

[bad name]

how long payment from icemining

[netto7]

how long payment from icemining

around 7hour