another beast from Bitmain!
https://shop.bitmain.com/productDetail.htm?pid=000201803132107063379CD35Gxy064F
Hashing algorithm: CryptoNight
Power consumption: 550W
Hashrate: 220KH/s
Topic: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏 - page 40. (Read 202439 times)
March 15, 2018, 09:47:25 AM
March 15, 2018, 09:45:51 AM
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.
March 15, 2018, 08:42:40 AM
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 departedI think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!
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
March 15, 2018, 06:43:22 AM
i like me some sushi
March 15, 2018, 06:42:44 AM
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.
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.
March 15, 2018, 12:41:28 AM
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.
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.
March 15, 2018, 12:03:41 AM
SUMOKOIN please keep the positive feedback and gradual motivation of the community. Attract more investors to participate.
March 13, 2018, 08:08:52 PM
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 departedI think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!
March 13, 2018, 05:45:14 PM
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 I think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!
March 13, 2018, 05:24:46 PM
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?!
I think we'll soon see some dumps. Nicehash gotta pay its electricity bills, right?!
March 13, 2018, 11:58:57 AM
You can use Livecoin and Cryptopia.
There is also Tradeogre.
Tiny exchange but I am starting to really like it. Lower volume right now but the fees are tiny too.
Not a TO shill just a miner trying to pass a tip.
I can't trust cryptopia anymore.
March 13, 2018, 11:13:43 AM
ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of 20 kH/s.
Now bear with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take 2,000 ASICs mining Sumokoin only.
Each ASIC costs 3600$, which means that people will have to spend 7.2 million dollars to buy ASICs and mine only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcap
Now lets talk about Monero, Monero's average total hashrate is 1 GH/s https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart
In order just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take 50,000 ASICs mining Monero only.
Each ASIC costs 3600$ which means that people will have to spend 180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
There is not a 60w ASIC, this is a scam, does anyone else see this?
Who is selling, will just keep the money and then run away, this world of crypto-coins there are many scams.
The multiple connector is probably because they have 3 ASIC motherboard in the ASIC itself so each card will consume 20w (seems low but we are talking ASIC here and the calculation is actualy quite simple)
March 13, 2018, 11:05:23 AM
ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of 20 kH/s.
Now bear with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take 2,000 ASICs mining Sumokoin only.
Each ASIC costs 3600$, which means that people will have to spend 7.2 million dollars to buy ASICs and mine only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcap
Now lets talk about Monero, Monero's average total hashrate is 1 GH/s https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart
In order just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take 50,000 ASICs mining Monero only.
Each ASIC costs 3600$ which means that people will have to spend 180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
There is not a 60w ASIC, this is a scam, does anyone else see this?
Who is selling, will just keep the money and then run away, this world of crypto-coins there are many scams.
The multiple connector is probably because they have 3 ASIC motherboard in the ASIC itself so each card will consume 20w (seems low but we are talking ASIC here and the calculation is actualy quite simple)
March 13, 2018, 01:30:29 AM
You can use Livecoin and Cryptopia.
As Germining says, use these exchanges to change Sumokoins into Bitcoins and after that, use Coinbase to change Bitcoins into Dollars. 
March 12, 2018, 05:45:30 PM
You can use Livecoin and Cryptopia.
March 12, 2018, 04:15:59 PM
Hi all,
I am a new miner, I started mining 1 month ago with Monero but it was really slow with my GPUs (2 KH/s).
So I looked around and I found this Sumokoin, in December it was 10$ so I thought it could grow.
Could you please explain me how can I convert Sumo to real money ? I know I should use an exchange website.
But which one ?
I am a new miner, I started mining 1 month ago with Monero but it was really slow with my GPUs (2 KH/s).
So I looked around and I found this Sumokoin, in December it was 10$ so I thought it could grow.
Could you please explain me how can I convert Sumo to real money ? I know I should use an exchange website.
But which one ?
March 12, 2018, 06:02:36 AM
Well, I've bought one and if it arrives and will work 
I will make a review of it.
I will make a review of it. March 12, 2018, 05:52:33 AM
ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of 20 kH/s.
Now bear with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take 2,000 ASICs mining Sumokoin only.
Each ASIC costs 3600$, which means that people will have to spend 7.2 million dollars to buy ASICs and mine only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcap
Now lets talk about Monero, Monero's average total hashrate is 1 GH/s https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart
In order just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take 50,000 ASICs mining Monero only.
Each ASIC costs 3600$ which means that people will have to spend 180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
There is not a 60w ASIC, this is a scam, does anyone else see this?
Who is selling, will just keep the money and then run away, this world of crypto-coins there are many scams.
March 11, 2018, 03:32:49 PM
ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of 20 kH/s.
Now bare with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take 2,000 ASICs mining Sumokoin only.
Each ASIC costs 3600$, which means that people will have to spend 7.2 million dollars to buy ASICs and mine only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcap
Now lets talk about Monero, Monero's average total hashrate is 1 GH/s https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart
In order just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take 50,000 ASICs mining Monero only.
Each ASIC costs 3600$ which means that people will have to spend 180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
Maybe a better question would have been 'is it an issue?' Apparently not. Thank you for your explanation.
March 11, 2018, 02:29:58 PM
ASICs for cryptonight were recently announced. How is the Sumo team going to address this issue?
This ASIC (if a 60Watt ASIC really exists) has an output of 20 kH/s.
Now bear with me
Sumokoin has a global hashrate at the moment of 20 MH/s while its peak was 60 MH/s. Lets use an average of 40 MH/s
In order just to double the average total network hashrate of Sumokoin, which is 40,000kH/s, it would take 2,000 ASICs mining Sumokoin only.
Each ASIC costs 3600$, which means that people will have to spend 7.2 million dollars to buy ASICs and mine only Sumokoin with them
This is 2.3 times more money than the entire Sumokoin current marketcap
Now lets talk about Monero, Monero's average total hashrate is 1 GH/s https://www.coinwarz.com/network-hashrate-charts/monero-network-hashrate-chart
In order just to double the average total network hashrate of Monero which is 1,000,000kH/s it would take 50,000 ASICs mining Monero only.
Each ASIC costs 3600$ which means that people will have to spend 180 million dollars to buy ASICs and mine only Monero with them.
Baikal must produce and sell hundreds upon hundreds of thousand asics for them to have any actual effect on any coin
IMHO it would be irresponsible to risk the integrity of the coin for an insufficiently proven threat.
EDIT: If an ASIC with an output so large that can potentially affect our network's total hashrate is produced in the future then we will start considering a solution, but that's a hypothetical issue, not a real current one, so we wish to remain focused on improving our coin cryptographically atm.
Jump to: