SUQA is a name of an ancient coin from Nepal that has been used for thousands of years and it also means ‘to wait’ (Time-Lock) in Somali language.
I see a lot of people talking about this new project and I have decided to check it out too. Apparently, SUQA is more than just another new GPU minable shitcoin. It is a project with a vision and a solid team that backs it up.
Let’s quickly review it to then get into how to mine it.
What is SUQA?
With so much pumping and dumping going on, most new startups are trying new measures to stabilize the market and to motivate people to hold their coins. It’s easier to hold a coin when you know that its value might increase in the future. It is even easier to do so when the network rewards you for holding it.
Several startups (LUX/AKA)have implemented masternodes and/or PoS mining to give investors more reasons to hodl. SUQA went one step further by simply rewarding people who hold the coins in their wallets. We are talking about 5% APR and 25% for the first 3 months to encourage early adopters and investors.
In fact, to make things even easier, investors are not even required to have their wallets online in order to receive the monthly rewards. This makes it a lot cheaper for most of us who do not have our own server machines with static ip’s.
The final goal of SUQA is way more ambitious than to be just another cryptocurrency – SUQA aims to become an ecosystem for Cryptolancers, Blockchain Startups, and Charities. This means that the coin will have a real usage and this, ideally, means that its value will be growing over time (Read the detail whitepaper and the roadmap here).
Unlike most other modern cryptos, SUQA is resistant to ASICs, FPGAs and Quantum Computers (which are a threat to cryptography most don’t take seriously enough). Only CPUs and GPUs are allowed into the network. That being said, SUQA is very eco-friendly and mining it with GPU does not require a lot of power.
In order to achieve immunity to ASICs, SUQA is based on the X22i algorithm that has the following structure and features:
- It is a brand new algo that is not a clone or copy of any existing ones.
- It features a very complex chain of 22 algorithms that either require a GPU or a huge ASIC with a lot of chip space. Manufacturing such an ASIC is possible but pretty costly.
- The X22i algo requires four times more memory than any other existing one. Again, manufacturing an ASIC with such memory architecture is possible but very expensive.
- A hard fork twice a year keeps the ASICs away. We have seen this strategy work for several coins, one of which is Monero – a couple weeks ago it has successfully forked for the second time. Even if a company decides to manufacture a batch of extremely expensive ASICs for the X22i algo, a fork will render those useless in very little time.
- Last but not least, it enjoys an algorithm chain called SWIFFTX that provides quantum resistance
Here is what the SUQA coin offers to the end user (besides mining, we will be hopefully selling and spending those coins):
- Almost No Transaction Fees
- Full replay protection and unique wallet addresses
- Time locked interest (as mentioned above)
- 75 times more scalability than Bitcoin.
SUQA is a free open-source project that is community-driven. The main builders are experienced blockchain developers who get a growing support of the international crypto community. I have done some background checks on the identities of the developers and they seem to be real people who are involved in the project.
- POW Algorithm: X22i
- Block Time: 120s
- Max Block Size: 16mb
- Max Supply: 1.18 billion SUQA
- Transaction Per Sec.: 553
- Dev Fee: 10%
- ICO: No
- Pre-Mine: No
- Masternodes: No
- Genesis: 26 September, 2018
How to Mine SUQA Coin
Here is a quick intro for how to mine SUQA Coin. I will publish soon a better tutorial comparing the miners performances and benchmark different GPU like GTX 1050 Ti, GTX 1060, GTX 1070 (Ti), GTX 1080 (Ti), RTX 2080 (Ti), RX 570, RX 580 4GB/8GB.
How to mine SUQA with Nvidia GPUs
- For Nvidia GPUs i am going to use CryptoDredge latest version miner with latest drivers installed cuda 10; download precompiled version ; download original source
- Unzip the archive, replace current address with your own and run START-SUQA.bat (download .bat file only)
- copy paste .bat file content: CryptoDredge -a x22i -o stratum+tcp://m.1stminingpool.com:3223 -p c=SUQA -u SPeuiPTtRP5Z4EqyeNvZ4z9y5iuXFPAQ7B -i 20
MSI GTX 1080 Ti
- Hashrate: 13.5 Mh/s
- Clocks: +150/+0
- Power Limit: 65%
How to mine SUQA with AMD GPUs
Sapphire RX 580 8GB
- Hashrate: 3.25 Mh/s
- Clocks: 1400/+2000
- Power Limit: default
Despite the project being in its initial state, SUQA is growing extremely fast. The coin easy to mine and its ASIC-resistant algorithm makes it a very solid pick for GPU mining. As with most new projects reviewed here, mining and holding seems to be the best strategy for now. The coin is listed only in a couple small exchangers and devs are still working on partnering with bigger ones. Overall, I’d say that people who enjoy hodling their freshly mined coins might find SUQA the most interesting.
Let me know if this review and guide helped you!
You can donate SUQA here: SPeuiPTtRP5Z4EqyeNvZ4z9y5iuXFPAQ7B
Thank you for reading. As always, your comments, suggestions and questions are welcome.
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Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.