Topic: [ANN] [SUMO] SUMOKOIN - 🔏 Digital Cash For Highly-Confidential Transactions 🔏 - page 5. (Read 202421 times)

cryptopia closed exchange SUMO, any news for new exchage ?

New Sumokoin pool ready for Asics with 0.5% fee.

Web URL: http://sumo.superpools.online     

Asics Setup:

url: stratum+tcp://sumo.superpools.online:4999
Worker: Wallet_Address
Pass: x OR worker_name

Enjoy!

dont do that just hodl, reason is the asic will drive the diff so sky high it's going to get harder to mine them:)

my 120kH/s gpu farm is now off your network you stupid morons
waiting for Tx to exchange, so I can dump the remaining 700 coins market order, expect an instant -30%

never again anything to do with you

badbye

As it seems SUMOKOIN will never really recover. The price will either have this consistency or drop down

I don't really care what happened behind the scenes. Looks like nobody from dev team really cares about informing community and maintaining the communication going.
Whichever fork stays with cnheavy I'll stick with that. I do not think this is gonna end up as 1 satoshi, there is so much power in community that it will survive. But the immature folks that caused this should have no power to influence future of this coin.

I suggest to rebrand and keep going but with well established communication. And burn the frickin premine, it's so shady as hell.
That's my 2c.

ASIC Sumo is dead headed to 1 satoshi, it will collapse just like ETN then stupid devs thought moving to ASICs wouldn't harm value of coin and now looking at ASIC resistant algos again. RYO is only hope to salvage anything from this project. 

sumoshit(CN) & RYO(Heavy)

On twitter they say they already changed to cryptonight, but my miners are still set to Cryptonight Heavy and pool is accepting it.

So its accepting cryptonight heavy and cryptonight at the same time or are they just dumb enough to say they changed to cryptonight without doing it yet?

Unfortunately, my antivirus does not allow me to open your site. tell me, what is the cardinality of your token different from monero? is the other team? and what is the reason for this name?

The Big Fracking Miner has a Sumo Pool now: http://pool.sumokoin.frackingminer.com

Sumokoin's features are really awesome. Its security system is really great. Where is Bounty?

Wanted to single this out, as it's quite important, and bears repeating: Even if the goal of the devs is to pump & dump this coin, they (either camp) are gaining nothing by having this strife continue.  The old dev team's actions just compound confusion on top of that strife -- which strikes me as more of an emotional knee-jerk reaction, rather than some well-reasoned strategy.  Cutting off your nose to spite your face, as it were.  To my knowledge, they are under no financial burden by using CN-Heavy (no license or royalties), and this really would only serve to anger exchanges -- hard forks generally seem to require more effort on the part of exchanges compared to soft forks.  It seems reasonable that short notice would only compound this issue.

No, that's too easy. ASICs are not inherently bad, but it depends on the exact coin and its ecosystem we are talking about. I  case of SUMO/RYO, I see the following:

- XMR and SUMO supporters somewhat overlap. Applying ASIC resistance was a community decision on XMR and what I have gathered, applying it to SUMO was received positively. Deciding against it therefore is probably a decision against a majority of users. This is just interpolation, so I could be wrong here.

- SUMO is a small coin which is in danger of being 51%-attacked. This is true, ASICs or not, but I have the feeling, that with GPU mining staying profitable, you'll keep more people onboard who are actually intersted in the well-being of the coin, while with ASICs, you'll have just a few guys to mine it at best.

SUMO is exposed to attacks either way and it might be prudent to think about alternatives to its current model. MAybe merge mining with XMR would be possible, I don't know, but something like that might be worth a deeper look.

In any case, the current market situation is a strong signal by holders of the coin, that they are not agreeing with what the devs are doing at the moment. I know this is obvious, but it needs to be said. The dev team is spreading fear, uncertainty and doubt right now. It is in their interest to improve on this.

Yes, asic's are a curse that the cryptoworld should do what it can to get rid of.

a lot of you guys will look at these posts in 2 years from now, when all crypto will run on ASIC or FPGA and you will see how overconservative and shortsighted you were, trying to keep everything to GPU's, it's like KODAK making promotion for Polaroid when digital camera's were on the rise. You have just been caught up by technology and yes, that's maybe a sad thing but you all know, never fight a trend in this business.

exactly.  since there's currently only one chain, their rationale makes no sense.  there is no risk of your coins not getting to you.  so you have to wonder what their real intentions are.  *conspiracy*

More, based on how little time there is before this fork happens (and the lack of specific details involved), there's no guarantee that if they do remit your coins, that that transaction would be fully confirmed/honored by both chains.

Cryptopia is going to "protect my balance" by not letting me withdraw it to myself?  That's bullshit.  Not acceptable.

I agree with you.