What is sumcoin (sum) mining?
Mining is also the mechanism used to introduce Sumcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.
How is the mining rate calculated?
Looking to learn more? Disclosure: Mining metrics are calculated based on a network hash rate of 174,837,926,620 GH/s and using a BTC - USD exchange rate of 1 BTC = $ 60,788.41 . These figures vary based on the total network hash rate and on the BTC to USD conversion rate.
How do I calculate the cost of my Cloud Mining Service?
If you're using a cloud mining service, fill out the cost of your contract, and any maintenance or pool fees you may incur. Next, simply click calculate. The estimated result is based on the current price of SUMO to USD along with the current difficulty level of Sumokoin.
How do I run sumcoin as a node?
To run as a Node, follow the how to guide. Sumcoin wallet is available on both iOS and Android via the App Store and Google Play. The Sumcoin blockchain is a distributed ledger, which simply means that a ledger is spread across the network among all peers in the network, and each peer holds a copy of the complete ledger.