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

[syncmaster913n]

Much academic read and test to implement good flash-hashing protection algorithm, however

Of course, it's understandable.

[sumoshi]

Global Hashrate and Block Height is stuck at 19506 for the past 4-5 hours. Do we have a fork?

A hardfork to solve this issue is highly considered now by devs. Here is a good read https://github.com/monero-project/research-lab/issues/3

Thank you for staying on top of this, I'm sure everyone here greatly appreciates it.

Much academic read and test to implement good flash-hashing protection algorithm, however

Haruto will write scripts to simulate a few scenarios for consideration

[aracoin]

Hello sumo community!
Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

BTW I could do html coding and Japanese translations if help is required!

[sumogr]

Hello sumo community!
Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

BTW I could do html coding and Japanese translations if help is required!

PM the devs my friend and offer your help. Either sumoshi or billaue

[Mynero]

Can someone explain to me in a non technical way, why sumo is(or how it aims to be) better than monero?
Better security? Faster transactions? Targeting a different market?

Technical features are not the only thing that is important to the success of a cryptocurrency. Personally I hope that Sumokoin devs are better or more interested in marketing than Monero devs, who seem to think that tech is all that matters and who appear to be eager to drive investors away from the coin.

[syncmaster913n]

Looks like difficulty is slowly dropping / new miners joining.

[RomanV]

Again on nicehash appeared order no speed limit. Again on the main pool..

[joosep]

Yes, here we go: Hash Rate: 3.76 MH/sec
Couple normal payouts and again...

[sumogr]

Mine a cpu coin or another cryptonight coin and with the profits buy Sumo. There is no other way at the moment

[RomanV]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

[levyashin]

Mine a cpu coin or another cryptonight coin and with the profits buy Sumo. There is no other way at the moment

i think thats a better way.

first people buys sumo, it brings higher prices than mine is cheaper than actually buying.

[joosep]

Price is down and hashrate too 

[sumogr]

Price is down and hashrate too 

Yes, I believe that would be a good solution for keeping the nicehashers away for the time being. Keeping the price down

[Bierbam]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

Hm... I just randomly checked it this time but that does look abnormal compared to previous occurrences, but I'm a noob regarding nicehash so it could be complete rubbish^^

This time he got several time nearly the full available bandwidth from nicehash which shouldn't be easily doable.

You can run a test for compatibility for free with nice hash and it reported max. difficulty 20k.
So you can pay what you want you won't get all of nicehash bandwith as they need higher difficulty.
Because of this there should always be 1-2MH with a lot less to pay in the list.
E.g some other none SUMO pools accept higher difficulty.
I'm still more or less exchanging a bunch of my old mined XMR to new ones for the trial^^

I don't really care what that means, it will be solved or not.
Just wanted to mention it because just looks wrong, ethically speaking, that someone(no finger pointing) has more control over the official pool as we currently know there should be.
So if you care, re-think it as that behavior, to do the possible, is not a problem for the majority of humans on the world, because of that I don't care.

PS if i calculated in my head right, the price down is no problem, he still made profit.

[sumogr]

Hash Rate: 4.17 MH/sec
Close high diff port urgent! Or will ...**

Hm... I just randomly checked it this time but that does look abnormal compared to previous occurrences, but I'm a noob regarding nicehash so it could be complete rubbish^^

This time he got several time nearly the full available bandwidth from nicehash which shouldn't be easily doable.

You can run a test for compatibility for free with nice hash and it reported max. difficulty 20k.
So you can pay what you want you won't get all of nicehash bandwith as they need higher difficulty.
Because of this there should always be 1-2MH with a lot less to pay in the list.
E.g some other none SUMO pools accept higher difficulty.
I'm still more or less exchanging a bunch of my old mined XMR to new ones for the trial^^

I don't really care what that means, it will be solved or not.
Just wanted to mention it because just looks wrong, ethically speaking, that someone(no finger pointing) has more control over the official pool as we currently know there should be.
So if you care, re-think it as that behavior, to do the possible, is not a problem for the majority of humans on the world, because of that I don't care.

PS if i calculated in my head right, the price down is no problem, he still made profit.

I know nothing of crypto as well, I am a complete noob, but I agree with you, it is kind of strange indeed.... It is also strange that this only happens to the official pool. It is also strange that the network hashrate never corresponds with the pools'. It is strange that the block times do not correspond. To tell you the truth i think someone is manipulating the difficulty keeping it high.... How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

[Bierbam]

How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

current Hash rate and difficulty always has to respond to an amount of blocks and a time period.
So possible the 720 blocks mentioned which are likely as we only have ~530 blocks since people droped new hashrate above the average ~100KHs
In this case the math can't compete with the fluctuation and you have the coin hopper and hashrate punsher problem.
So this time we will be stuck a longer period if we behave like last time, something I already mentioned some time ago.

Block
19565 net hash 1.25 MH/s,
19578 net hash 799.29 kH/s
20007 net hash 501.01 kH/s,
20158 net hash 468.59 kH/s -> 520 blocks most of them mined with 2MHs and above and still dropping^^

Just an update, it looks like we are already on the way.
20179 net hash 654.93 kH/s
Actually it's interesting. Could recommend it for a student like "Human behavior with new technologies and profit within the  crypto-currency miner scene." 

[sumoshi]

How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

current Hash rate and difficulty always has to respond to an amount of blocks and a time period.
So possible the 720 blocks mentioned which are likely as we only have ~530 blocks since people droped new hashrate above the average ~100KHs
In this case the math can't compete with the fluctuation and you have the coin hopper and hashrate punsher problem.
So this time we will be stuck a longer period if we behave like last time, something I already mentioned some time ago.

Block
19565 net hash 1.25 MH/s,
19578 net hash 799.29 kH/s
20007 net hash 501.01 kH/s,
20158 net hash 468.59 kH/s -> 520 blocks most of them mined with 2MHs and above and still dropping^^

Just an update, it looks like we are already on the way.
20179 net hash 654.93 kH/s
Actually it's interesting. Could recommend it for a student like "Human behavior with new technologies and profit within the  crypto-currency miner scene." 

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

[syncmaster913n]

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

Thanks devs.

Once new GUI wallet is up and we are listed on some higher volume exchange it should also help with organic hashrate.

[FIEX]

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

Nice to see active devs on this coin!
This means a good future. Keep it up! SUMO!!!

[JC1DA]

How on earth my deamon shows a global hashrate 483KH/sec at this moment and the official pool is running at 1.02 MH/s at the same time... Come on....

current Hash rate and difficulty always has to respond to an amount of blocks and a time period.
So possible the 720 blocks mentioned which are likely as we only have ~530 blocks since people droped new hashrate above the average ~100KHs
In this case the math can't compete with the fluctuation and you have the coin hopper and hashrate punsher problem.
So this time we will be stuck a longer period if we behave like last time, something I already mentioned some time ago.

Block
19565 net hash 1.25 MH/s,
19578 net hash 799.29 kH/s
20007 net hash 501.01 kH/s,
20158 net hash 468.59 kH/s -> 520 blocks most of them mined with 2MHs and above and still dropping^^

Just an update, it looks like we are already on the way.
20179 net hash 654.93 kH/s
Actually it's interesting. Could recommend it for a student like "Human behavior with new technologies and profit within the  crypto-currency miner scene." 

Devs are considering some algos for re-targeting diff that can response to flash-hashrate in just a few blocks and make attackers little profit (however, as far as we know, none of them are perfect). We'll have to do a lot of tests, pushing it to testnet first and hardfork will come in a week or so.

Great job devs. Hope it will be fixed soon. So atm, keep the price as low as possible forks.