SUQA cryptocurrency is just more than 3 month old coin. But within a short period of time its shown a lots of progress and has gained huge  attention among the GPU mining community. This coin has been listed on most of the popular mining pools, CoinMarketCap and more than 4 exchanges. Moreover the amount of activity on the forums seems quite overwhelming for such a new project. So what’s so special about SUQA? It features a new Proof of Work algorithm called X22i, the coin is fast, has introduced a new scheme to reward its investors and what else?

In this beginners guide I’ll see what is SUQA coin and how to mine SUQA? Here I’ll point out the main features of SUQA, its technical specifications, types of wallet, wallet setup, miners for X22i, hashrates, mining pools, calculator, mining configuration for X22i algorithm and few other information / links to get you started with this project..

What is SUQA?

SUQA is a new peer to peer, open source, Proof of Work cryptocurrency launched on September 26, 2018. This coin is designed for mass adoption – says the team behind it and this coin has the following features:


Even though SUQA is based on Bitcoin blockchain: it is 75 times more scalable than Bitcoin. The block time is 2 minutes and this coin is amazingly fast that is it can handle up to 533 transactions per second. Moreover SUQA blockchain allows you to make instant payments with almost no transaction fees. The maximum supply of SUQA is capped at 1.18 billion coins and this project had no premine, no presale nor an ICO. But all these aspects can be found on most crypto projects these days. So what is the unique selling point of SUQA?


SUQA Features:

The project is brand new and just like other altcoins the roadmap mostly has a mention on bounty, exchange listing and rewards giveaway. This may change as the coin progress further but what we currently found interesting is the following 2 features. This coin has a brand new algorithm called X22i which claims to be ASIC, FPGA and Quantum resistant. In addition to this SUQA has come up with an new interest system which rewards its investors and motivates people to hold SUQA. Let’s now take a look into these features.

SUQA Use Cases:

SUQA currency can be used in any digital transaction where other cryptocurrencies like Bitcoin is being used. The major use of SUQA currency in a real world ecosystem is SUQA Foundation where no other cryptocurrency except SUQA can be used.

Suqa Foundation is a Decentralized Autonomous Philanthropist Organization that rewards everyone inside its ecosystem generously, securely and transparently without fees, to foster the growth of the Blockchain.

There will be 3 microsites of SUQA Foundation Platform where the SUQA currency can be utilized. The platform will consist of Cryptolancers(anyone related to crypto), Blockchain Startup Companies and Charities.

Specifications

Coin name: SUQA
Ticker : SUQA
Algorithm : X22i
Coin Type: POW
Max. supply: 1,078,740,313+10%dev fee
Block Time: 2 minutes
Max Block Size: 16mb
Max tx/s: 533 tx/s
Difficulty Retarget Algo: DarkGravityV3
RPC port: 20971
P2P port: 20970
Ico: No
Pre-Mine: No
Masternode: No
Pre-Sale: No
Dev-Fee: 9.09%
Genesis: 26 September, 2018

Block rewards
 
1 to 22,000: 10,000  = 220,000,000
22,001 to  50,000: 5,000  = 139,995,000
50,001 to 100,000: 2.500 =124,997,500
100,001 to 200,000: 1.250 = 124,998,750
200,001 to  400.000: 625= 124,999,375
400,001 to 1,500,000: 312,5=343,749,688
TOTAL SUPPLY: 1,078,740,313  plus 9.09%
for founders fee will be mined in 5.78 years.

MAX TOTAL : 1,186,614,344 SUQA



Technical Details:

X22i-Algo

X22i is a new, innovative, complex and most advanced Proof of Work algorithm developed by SUQA. This is one of the most power efficient hashing algorithms and mining X22i is similar to Lyra2z or PHI2. it runs cooler and doesn’t consumes much power. Also this algorithm is basically designed with both GPU and CPU miners in mind and it is highly resistant to ASIC, FPGA and QUANTUM computers.

SUQA is based on X22i which stands for 22 algorithm intelligence and it is a much longer algorithmic chain than any existing variants. The goal of this algorithm is to resist ASIC and FPGAs and it does very well by implementing multiple features over X11 PoW algorithm. The complex chain of 22 different algorithms creates a need for larger chip space and it makes manufacturing of ASIC or FPGA pretty costly. In addition to this; as a Future-Proof to resist quantum computers it also includes SWIIFTX hash function.

Time-Lock Deposit

One of the biggest problem with most cryptocurrency is lack of adoption. To welcome new investors and to motivate miners SUQA created a scheme to reward its users. This is not masternodes or Proof of Stake; but a similar pattern that rewards its users for holding funds. This feature is called Time-Lock Deposit which gives investors 5% APR interest from their term deposits. To further encourage early adopters the annual percentage rate is set to 25% for the first 3 months.

This is similar to term deposit provided by banks. You deposit a fixed amount, lock it in and earn interest on APR. In cryptocurrency it is similar to PoS and Masternodes except users don’t have to go through complex setup process nor need to keep their wallets open. A feature like this not only encourages investors. But also motivates exchange to list this currency as they can earn interest amount from customer deposits.

SUQA foundation:

There are many popular digital currencies available today but SUQA plans not to be just another cryptocurrency. The main use case of this currency is to be used in SUQA foundation. It is a decentralized, autonomous, philanthropist organization and an ecosystem for Blockchain startups, Cryptolancers and Charities. To faster the growth of blockchain the SUQA foundation rewards users within its ecosystem and did we mention about the 10% founders fee. There are no premine or ICOs but there is a 10% dev fee taken from every mined block. It will be used to fund developers, exchange listing and bounties.


Documentation
WhitePaper (EN): https://suqa.org/file/2018/10/suqa-whitepaper.pdf
WhitePaper (RU): https://suqa.org/file/2018/10/suqa-whitepaper-ru.pdf
WhitePaper (TR): https://suqa.org/file/2018/10/suqa-whitepaper-tr.pdf
OnePager: https://suqa.org/file/2018/10/suqa-onepager.pdf
X22i Algoritm: https://suqa.org/file/2018/10/x22i-proof-of-work-algorithm.pdf

GitHub
https://github.com/SUQAORG

Wallets
Windows-Qt
https://github.com/SUQAORG/SUQA-CORE/releases/tag/v1.0

Linux
https://github.com/SUQAORG/SUQA-CORE/releases/tag/v1.0
configure command to help people having problems compiling the wallet on linux:
"./configure --disable-tests --with-incompatible-bdb --disable-shared --with-pic --with-bignum=no --with-gui=qt5 --disable-hardening CPPFLAGS=-fPIC"

Miner


V1.0 Windows 10-64 bit, Nvidia Cuda 9.2 ccminer x22i specific miner.

https://github.com/SUQAORG/ccminer-x22i/releases/tag/v1.0.0

SUQA Mac Wallet is released. https://github.com/SUQAORG/SUQA-CORE/releases

https://coinguides.org/solo-mining-guide/

Solo mining example:

ccminer -a x22i -s 5 --no-longpoll --coinbase-addr=<your_receiving_address> -o http://localhost:20971/ -u <your_wallet_rpc_username> -p <your_wallet_rpc_password>

Pool mining example :

ccminer -a x22i -o stratum+tcp://preferredpool:port-u Weblogin.WorkerName -p WorkerPassword

Sample OC settings: PL 65, Core +100, memory + 300 (for all nvidia cards)

Memory clock matters, play with it!

If you get errors when starting the miner, set the wallet language to english

Pools

Pool List Page: https://suqa.org/suqa-pools/ or https://discord.gg/qrtU7Y9

SUQA Calculator
https://www.coincalculators.io/coin.aspx?crypto=suqa-mining-calculator
https://whattomine.com/coins/277-suqa-x22i

Explorer
http://suqaexplorer.com/
https://altmix.org/coins/114-SUQA
https://poolexplorer.com/coin/5401
https://miningpoolstats.stream/suqa

Find Us
https://suqa.org
Exchanges: https://suqa.org/suqa-exchanges/
https://coinmarketcap.com/currencies/suqa
https://www.coingecko.com/en/coins/suqa
https://coincheckup.com/coins/suqa
Telegram: https://t.me//Suqafoundation
Telegram Rus: https://t.me/SUQA_Russian
Telegram Chinese: https://t.me/suqachina
Telegram Africa: https://t.me/Suqaafrica
Telegram Indonesia: https://t.me/suqaindonesia
Telegram Italy: https://t.me/suqaitalianchat
Telegram Turkish: https://t.me/SuqaTR
Telegram Vietnamese: https://t.me/suqavietnamese
Discord: https://discord.gg/qrtU7Y9
Twitter: https://twitter.com/SUQAfoundation
Facebook: https://www.facebook.com/SUQAFoundation
https://www.reddit.com/r/suqa/
https://www.reddit.com/r/gpumining/comments/9oed9c/new_gpu_algo_x22i_from_the_suqa_coin_project/
Roadmap: https://suqa.org/file/2018/10/suqa-roadmap.pdf
SUQA Whitepaper: https://suqa.org/file/2018/10/suqa-whitepaper.pdf
X22i Algo Whitepaper: https://suqa.org/file/2018/10/x22i-proof-of-work-algorithm.pdf