Topic: [ANN] SONM • Decentralized Fog Computing - page 16. (Read 444710 times)

It is true that I myself also think that it is very likely that SONM is still able to grow again, but we also do not know, of course, so it will be better to continue to follow the development

If bitcoin price rises, it's only make sonm price in $ increased, not with their btc price. Too bad i didn't sell my sonm when their price still above 3k sats, now it's turned like dust.

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This is true. IIRC, there was a voting contest and SONM placed on 4th place but still get listed on binance.

How can a person with 1000+ posts have no idea what he is talking about?
Thats so pathetic.
Team never ever paid to be listed on any exchange.
They even said :we will never pay to be listed.
They dont give a fuck that now US holders of Sonm are screwed and have nowhere to trade the tokens.
They got listed on Binance, cause back at the time there were listings based on community votes and Sonm community managed to
win one of the contest.Without Binance this clown parade would have already been out of top 600 and long forgotten.
I have been saying since November last year that there are tens of red flags and shady things behind Sonm.Those who listened and cared to
do their own research lost less.For those who still hold i can only tell you that next months the price will be even lower.
Team are selling tens of millions of their tokens.They already said: we promised a supercomputer , you got it.
Now they are turning into private company with fiatgates and dont even care about the token...

As long as it stays in Binance, there's a chance SONM will grow again, the good thing is it still has a volume.
I'm sure the team are still here working for the project as if I'm not mistaken, they paid a decent amount of money just to be listed in Binance.

From many days we are not hearing any new news from the Company side, of course, sometime it will take to release the latest news. We should carefully hangover our token as long as possible because already the prices of the market are recovering.

you are right there are so many choices right now but if market goes more high then sonm token price will rise for sure, right now only top ten crypto currencies are going up in prices specially bitcoin when price will stable then token prices will start rise. SNM token is on binance but the real thing is sonm project developments with some major developments news could take the price high

First, i never think if binance will delist Sonm, i was just replied from other's post. I even say "if", if you didn't noticed.
Second, this token only has 88 btc as their volume trade, not sure people will start to pump this because of there are so many other choice out there

Please, just relax, stop thinking that it will be delist in Binance, I guess this time they would not do that as the market is bullish, when altcoins begin to pump, sure SONM will also rise and that would create great volume which Binance will benefit.

Hi;

As we can see on profitability calculator, they seems to be focused 2017 based Nvidia GPU cards for now. And it is very strange that, if you have less than 6x 1080 Ti GPU in your rig you can't profit. I mean,  according to the profitability calculator, the 6x 1080 Ti GPU rig would earn $ 6.0130 a day, but the 5x 1080 Ti GPU rig would earn $ 0.0821 a day. The mining architecture logic that the team established here did not seem right to me.

Kind regards

If indeed it will have a bad impact, of course, I hope binance will not erase the coin and hopefully it will not become the most important reality, just follow the progress

I can 99% sure if SONM will be end if binance delist this token, because approx 97% from daily total trade SONM is from binance. But i still don't know what's their criteria to delist a token from binance, its either based on low volume trade or other reason

it looks like things will get worse if the binance delist these coins and the team must do better to find investors so that the project continues

Will SNM team add to more exchanges? IF binance delists you its game over.

Hi adamvp, unfortunately, SONM Platform doesn't support AMD GPUS for now. 

How profitable is to support SONM network now?
How much is it complicated to start? How much time and knowledge is needed ?
(And if it is possible to use AMD GPU's? I saw a post saying about nVidia's gpu's but I have only Radeon's so I wonder if SONM is worth of my efforts...)

as you said this idea is not that easy to make it real i agree but when sonm team work hard they can be success in this project, now a days companies needs super computing, and what if all they needs could be in place (sonm), right now competition is hard,
if they give revenue to dev before proper product development then things will be changed < good point thanks

They have liquidated their money and most of the platforms were launched in a few years before already sold all of their ethereum and bitcoin to the market. This time if they can't create a proper product that will give the dev revenue and the platform will totally die asap.
For me, the idea of supercomputing looks crap because i can't even see where it can give benefit for anyone.

To make it a success is not easy as you said dude.

ICO raised money was a long ago situation. i don't think that sonm team still holds the raised money in coins. by my point of view they convert that whole raised money into fiat for the project development. sonm did good and take the project that far. best wishes for the team and i hope they will do more for develop the project and make it success

I hope during they raised the $40 million when the market situation is in an upward trend but now the values decreased a lot in the market which makes us hold. Whether there is any proof whether the team has dumped the coins for a low price. In future, we might see the active updates from the team will help the coin to increase its price.

From CEO, https://t.me/sonm_eng/287775

Hello again.

I would not bother everyone with long explanations and will jump directly to what you want to know.

Here is the official summary regarding situation with Rays and Sonm:

(1) While working on a commercial services, what we initially called "Sonm Services", we decided to take rendering as first case to be implemented. It was initially named "Sonm Rays", which lately evolved into RaysRender.com. It will be a private company, a normal company. Background of this story (why separate, why not Sonm, why companyetc) may be searched in this chat.

(2) I clearly mentioned a couple of weeks earlier (https://t.me/sonm_eng/285685), that service (Rays) will burn tokens from revenue and surprised to see this despair regarding possible Rays profit. Rays will use 70% of its operational profits to buyback SNM from market and burn them. The exact mechanics are to be elaborated, including legal part which is yet uncertain, but it will be known what EthAddr is used and burned SNM will be trackable to the origin of exchange cold wallet. We can't implement any kind of dividends because of the utility nature of token. However, Rays being free from obligations and based on free will would like to burn tokens from profit for the sake of human kind.

(3) Sonm marketplace will definitely be updated to introduce Suppliers' deposits (https://t.me/sonm_eng/285686). The mechanic will be described in the upcoming article about SNM tokenomics. The idea was discussed in this chat before and searchable. Briefly this is to make PART of the tokens from deals stay on the sidechain much longer, than being immediately withdrawn to exchange. Holding a deposit will directly rise a worker's priority to get high rewards tasks, possibly outbidding even existing reward program. Proportionally to the deposit amount, which is proportional to worker's turnover.

(4) This is a general scheme and a public commitment. Details be elaborated and published when ready.

*** Not an investment advice, DYOR!

I am back to chat silence challenge, sadly my month is reset.