Sumokoin Mining Pools: Ultimate Guide

If you are new to mining, the easiest way to choose a SUMO mining pool would be by looking at their hash rate. Higher numbers indicate, that the it is more efficient and will be a reliable source of income. Here you can see a list of the best five Sumokoin mining pools based on their hash rate. The key parameters here are the market share, the server location, the reward system and the fee:

These are the main factors you need to look out for. I have explored in detail any additional information, including the different types of reward systems, separately.

I also recommend that you consider choosing several backup pools, in case your first choice goes down for some reason. After all, I am talking about technology and sudden malfunctions are just part of the process. When you have more than one pool in your configuration, your mining software automatically switches and keeps you mining.

List of Mining Pools Without Registration

If you’re concerned about sharing identifiable information such as an email address, I suggest you take a look at the table below. I have provided you with the top Sumokoin mining pools that require no registration. In essence, all you need to do to join, is copy/paste the quick start string for each pool, which we’ve provided.

Let’s assume you have picked а pool from the table. Because Sumokoin is mined with GPUs, CPUs and ASICs, you need to download the mining software for GPUs and CPUs. ASICs come with it preinstalled. When you’re setting things up, find where you need to enter the “pool URL”. That is the place to copy/paste the provided quickstart configuration.

With ASICs, you need to log into the device’s management page and perform the same procedure. This way the you will index your workers, without to log onto the server’s web page. It is a good idea always to check if your mining gear is recognized by the mining pool you choose.

You can use my calculator here to see the profits you can make when joining a Sumokoin mining pool. The calculator is very simple to use, you just enter your currency, hash rate, the power consumption and electricity cost, and the pool fee. All that’s left is clicking on “calculate”. The useful thing about this tool is that you can also check your cloud mining profits. This is even easier – all you need to do is enter the hash rate and the pool fee. The calculations are done based on the current market price and difficulty, which vary constantly.

The output can be adjusted to show how much you can make for a day, a week, a month or a year. Furthermore, the approximate amount of coins you are going to mine is computable too. You can also see the power costs for the same time periods. If you are checking your Sumokoin cloud mining profits, you just need to make sure your earnings are greater than the cost of your contract.

To set up your own Sumokoin mining pool might sound really appealing. It can be very profitable too, as you will not only receive part of the mined rewards, but you can also collect fees from the participants. You will also be contributing to the decentralization of the mining power within the network. However, keep in mind that perhaps it won’t be an easy undertaking and it might take time and some technical knowledge. Here is a video offering a more in-depth explanation of what to do:

You can also rent a VPS and you’d only have to configure the mining pool software. This will take away your troubles in regard to setting up and maintaining the hardware.

The most visited SUMO server locations by miners are divided between Tokyo, Chicago and Frankfurt. Most pool servers are located mainly in Europe, Asia and the USA. This is because of either the low electricity costs and fast internet connectivity or the greater number of miners, as miners choose closer servers for a lower latency. This means fast data exchange and ensures higher probability of profits.

Centralization of Sumokoin Pools

Currently, mining power is fairly distributed among the main Sumokoin mining pools. There have been cases in which more than 60-70% of the power has been held by one. This can create the risk of a 51% attack, in which someone holds most of the hash rate and abuses the network for his own profit. This is, however, fairly unlikely to happen, as most miners prefer to avoid situations where they risk losing money and abandon that type of pools. Nevertheless, I advise you to join smaller ones, so you can contribute to the decentralization of power within the network.

Pool Distribution (calulate by blocks)

Pool	Hashrate Share
Hashvault	60%
Sumokoin	13%
Fairhash	8%
Easyhash	7%
Fairpool	2%
Other pools	10%

Evolution of Sumokoin

The Sumokoin project was created in 2017 as a Monero fork. It offered some very appealing features such as heightened security levels, privacy and fungibility, and quickly gained popularity in the mining community. Sumokoin pools are increasing in number and efficiency, and now more of them can be monitored. The main goals for the future are continued development and the release of new wallet features.