[ANN] [BAM] BamitCoin [X11] POS - EXCHANGE BLOCK EXPLORER

[Bamit-Dev]

http://s5.postimg.org/xq0j9iidj/logo.png

MINING HAS ENDED. PURE POS NOW

http://s5.postimg.org/js9mw3mh3/specs.png

- Name: Bamit
- Ticker: BAM
- Algo: X11
- Block time: 60 seconds
- Block reward: 101-116
- PoW Supply: 947307 BAM
- Last PoW block: 8640 6 Days PoW
- PoS Interest: 23% per year
- RPC Port: 9988
- Coinbase Maturity: 80
- 1% Premine (Block 1)
- Fair Start (No reward Blocks 2-10)
- Reward Blocks begin on block 11

http://s5.postimg.org/ir9e6z5hj/pools.png

http://s5.postimg.org/jxhr9tsp3/binpool.jpg

http://s5.postimg.org/6v4yswcxz/suprnova_logo_1_big.jpg

http://s5.postimg.org/3jy00d30n/exchanges.png

EXCHANGE: https://yobit.net/en/trade/BAM/BTC
EXCHANGE:
EXCHANGE:

http://s5.postimg.org/di0l3vix3/source.png

WINDOWS QT5 (FEATURES): https://mega.co.nz/#!C9UEwQJR!E13wlrvwGaXEgh6H3PBCK2anct5abMcjDct9tvacy_U
MAC (BASIC): https://mega.co.nz/#!b4FmXRoB!HAx2g-OZUrRwwO8xxX_qQfOdjuKHrTpvXIk-bCpAmNs
GITHUB: https://github.com/bamit-dev/bamit
CONF:
rpcuser=user
rpcpassword=pass
rpcport=9988
p2port=9977
addnode=167.114.82.232
addnode=208.89.215.215
server=1
daemon=1
listen=1
gen=0

Adjust as needed but leave the addnodes

http://s5.postimg.org/lakmqgps7/purpose.png

 BamitCoin [BAM] is offered as an alternative cryptocurrency to bitcoin and
utilizes the X-11 algorithm which is an algorithm that uses 11 different hashing
functions to calculate the block header. Bamit is a hybrid model offering
Proof of Stake mining while Proof of Work mining is active.
 The purpose of this coin was to introduce miners and investors to a coin
with a short PoW and high PoS interest with fast staking.

It is my hope that with these specs the coin will last a significant
amount of time on the exchanges and gain significant volume and value.

Once the coin reaches an exchange I plan on engaging the community with
a logo contest.

I released this coin with a wallet that already has IRC chat and a built in
block explorer.

Future plans include reworking the wallet design and offering a staking Android wallet.

I am a miner and an investor myself and I just thought we needed a
good old fashioned honest coin for a change.

http://s5.postimg.org/r5b8pu2dj/roadmap.png

CONVERT WINDOWS WALLET TO QT5: Complete

http://s5.postimg.org/mjd22aumf/bamit_qt5.jpg

ADD CHAT TO WINDOWS QT5 WALLET: Complete

http://s5.postimg.org/y8qp14haf/bamit_chat.jpg

ADD BLOCK EXPLORER TO WINDOWS QT5 WALLET: Complete

http://s5.postimg.org/5bpczgh3b/bamit_blocks.jpg

BUILD MAC WALLET: Complete

http://s5.postimg.org/e8053e7pj/bamit_mac.jpg

2 NODES LIVE PRE-LAUNCH: Complete

AFTER LAUNCH -
EXCHANGES: Complete
RICH LIST: Complete http://bamit.blockrunner.info/
LIVE WEB BLOCK EXPLORER: Complete http://bamit.blockrunner.info/

[1714977383]

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[1714977383]

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[1714977383]

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[1714977383]

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[Toninho]

[Nthused]

This is going to be fun, many coin launches scheduled in the next week.

[Bamit-Dev]

http://s5.postimg.org/u3654cnt3/Rich.gif

[PoopieLaxitive31]

Wow all the hate on this tread. At least he actually announces a launch. How rare is that these days. It's usually ninjas or ICOs.

[Abraham_samad]

this coin just for fun and may be just joke in this week

[Tina1736]

New bitcoin?
 

[DevOfDev]

- 1% Premine (Block 1)

+1

but your design is very bad

im not see future about this coin,

can you give me reason why i must buy or mining this coin?

[Bamit-Dev]

All pre-launch requirements are met.
This coin ready to rock and roll.

Someone asked why mine this coin. Well why mine ANY coin? We mine altcoins in the hope that we can make a little BTC and have some fun in meanwhile.
I made this coin with a short PoW and a fast PoS. It will perform well and should last a while on the exchanges.

Enjoy

[crunck]

Hmm well this one just got a little more interesting.

Wallet features added, Dev communicating, and not predicting we will all be millionaires from this coin.

Perhaps this is one to mine a little

Who knows huh ?

[Bamit-Dev]

Hmm well this one just got a little more interesting.

Wallet features added, Dev communicating, and not predicting we will all be millionaires from this coin.

Perhaps this is one to mine a little

Who knows huh ?

Thank you. 3 days to launch.

[OverEasy]

I like these short PoW coins. I'll mine this one. Hope SuprNova jumps in.

[Tina1736]

Only POW?

[andrepierre]

Only POW?

No, according to OP POS is 23% per year.

[skyline247]

Only POW?

 It states PoS interest 23% per year in OP, so assume it's PoS as well.

[skyline247]

Only POW?

No, according to OP POS is 23% per year.

  Beat me to it. Sorry. :-)

[Bamit-Dev]

Yes this coin is a 6 day PoW with a high interest PoS

The block explorer / rich list is complete. Links provided shortly after launch.

[Bamit-Dev]

BinPool is our first pool. As soon as I get the link to the pool I will post it.

Thank you BinPool!

[ocminer]

I'll add a Pool for you guys:

https://bam.suprnova.cc

Logo @ https://www.suprnova.cc

[bit1]

Good Pos but Not aproved!  ........

[Bamit-Dev]

Thank you SuprNova. Adding you now...

[BittrexCoin]

@BinPool - http://bam.binpool.com - our pool up and launch for pre-reg

DEV added link to logo

[Bamit-Dev]

BinPool your logo now links to the pool.

[BittrexCoin]

BinPool your logo now links to the pool.

thanks

[Matthaggie]

Looks like fun, I will mine it as well

[cohnhead]

dev...questions...
how many coins is premine...is it 9,470?
at what block does POS start....after POW or during

[Bamit-Dev]

Block 1 has been mined for 9473 coins. That transaction will be visible in the block explorer when we go live.
Staking begins on block 2000

static const int MODIFIER_INTERVAL_SWITCH = 2000;

[cohnhead]

the POS starts at block 2000...what is last POW block......and if they overlap...doesn't that serve to lower total coin supply

[kubuminer]

guys intensive pre-reg and wait start. 2 hours to launch

[iGotSpots]

You should PM me a link or email your source to iGotSpots@GorillaStake.com so I can take a look - Has nothing to do with mining, I won't even compile or set up a node, just want to vet

[skyline247]

  So many new coins to mine. Haven't seen coins with a long PoW stage in a while. Now there's like 3 of them. What to do, what to do. I think I'll mine this one, looks good.

[ocminer]

5 mins to go...

[ifightformerkel]

@ ocminer

i joined your pool, than
i made the batch file, but when i double click on it than it appear for 0.1 seconds and then its disappear, what make i wrong?

[ocminer]

@ ocminer

i joined your pool, than
i made the batch, but when i double click on it than it appears for 0.1 seconds and than its dissaper, what make i wrong?

uh.. you'd need the error message so we can have a closer look. run the batch from a command prompt or enter "pause" and the end of the patch and the window should stay open

[superman1314]

wallet?

[Matthaggie]

Anyone mining?

[Bamit-Dev]

OP updated

[cico76]

BAM ! launch failed  

[ifightformerkel]

Anyone mining?

no it is not possible for me

i dont know why

i made the batch file, but when i double click on it than it appears for 0.1 seconds and than its dissaper.

[ocminer]

Okay, Pool is up

[cico76]

BAM ! BAM ! BAM ! Everything OK !!! 

[kubuminer]

Guys @BinPool - http://bam.binpool.com/ - up too

[jgaspar]

Amazing!

21 people are mining this with a combined 6.9 Gh.

Why?

[Matthaggie]

stratum auth failed??? oops got it...

[CjMapope]

dont try run it on win8, insta crash the wallet lol. Compatibility change ftw works tho

[Bamit-Dev]

Syncing web explorer. http://bamit.blockrunner.info/

[cohnhead]

i'll ask again...maybe someone can answer....the POS starts at block 2000...what is last POW block......and if they overlap...doesn't that serve to lower total coin supply....thereby making the premine more significant

[skyline247]

i'll ask again...maybe someone can answer....the POS starts at block 2000...what is last POW block......and if they overlap...doesn't that serve to lower total coin supply....thereby making the premine more significant

 Stated in OP....
   - Last PoW block: 8640 6 Days PoW

[skyline247]

Amazing!

21 people are mining this with a combined 6.9 Gh.

Why?

  Why not?

[superman1314]

We need an exchange

[Bamit-Dev]

We need an exchange

On it
It always helps when they hear from a lot of people. Tweet / contact your favorite exchange and let them know.

[kubuminer]

BinPool have only 1 miner (((

[cohnhead]

if POS kicks in at block 2000 and POW ends at block 8640...doesn't that mean that blocks 2000 thru 8640 can be solved either POS or POW.....and if that is true ...that if they are solved POS.... doesn't that mean less overall coin supply....thereby making the premine actually much larger than 1%.

[Bamit-Dev]

BinPool have only 1 miner (((

Please stay up Binpool. This coin runs 6 days and many more will mine it. Also good to spread hash around

[Bamit-Dev]

if POS kicks in at block 2000 and POW ends at block 8640...doesn't that mean that blocks 2000 thru 8640 can be solved either POS or POW.....and if that is true ...that if they are solved POS.... doesn't that mean less overall coin supply....thereby making the premine actually much larger than 1%.

At block 2000 staking begins. Depending on weight you may earn interest on the coins in your wallet. That's it. Its called a hybrid. At block 8640 we go pure PoS.

[cohnhead]

so if block is solved POS...the reward is interest based on staking.. but if solved POW the reward is 101 to 116 BAM. Given that the bulk of the blocks can be solved with either method...would it be expected that the total coin supply will be much less than what is stated in OP?

like xra coin...in op it stated a total supply of 160million but final supply was more 75million...due to blocks being solved POS......but in the case of xra there was no premine.

[bones261]

so if block is solved POS...the reward is interest based on staking.. but if solved POW the reward is 101 to 116 BAM. Given that the bulk of the blocks can be solved with either method...would it be expected that the total coin supply will be much less than what is stated in OP?

like xra coin...in op it stated a total supply of 160million but final supply was more 75million...due to blocks being solved POS......but in the case of xra there was no premine.

Yes, the total coin supply will end up being less then what is on the OP. So, if the premine bothers you, move on.

[cohnhead]

it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.

[skyline247]

it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.

  I don't think the Dev lied per-se. I think it was just a miscalculation. If you feel uneasy about it, just don't mine. Simple as that.

[bones261]

it doesn't bother me that coin is premined...just trying to understand dynamics.....it does bother me that the dev has to lie about what the percentage of the total coin supply the premine really is.

  I don't think the Dev lied per-se. I think it was just a miscalculation. If you feel uneasy about it, just don't mine. Simple as that.

Yes, I guess the dev could have used statistical calculations (calculus) and give us the range of percentages within 5 standard deviations of the mean. 

[cohnhead]

or after POW he could agree to burn premined coins that exceed 1% of money supply...simple enough and solves the problem....what you say dev?

[Matthaggie]

My wallet crashes as soon as it opens?? Any ideas

[bathrobehero]

My wallet crashes as soon as it opens?? Any ideas

Mine did as well in Sandboxie which is usually the case with fancy wallets. Probably a missing dependency or wrong version.

Funny thing is that I found 5 blocks (wts) while not clicking the error message but as soon as I clicked it the wallet exited.

[CjMapope]

My wallet crashes as soon as it opens?? Any ideas

1: "Unblock" in properties
2: Run as admin
3: Change compatibility to "Win7" if your on 8

Should fix wallet issues

[Matthaggie]

My wallet crashes as soon as it opens?? Any ideas

1: "Unblock" in properties
2: Run as admin
3: Change compatibility to "Win7" if your on 8

Should fix wallet issues

That did it, thanks

[bones261]

Are these cause for concern?
In main.h
static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.23 * COIN

In main.cpp
 nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN

They look funny to me, IMHO. I thought using decimals should be avoided. Please educate me.

Edit: I've now took a look at the source code for Peercoin, Blackcoin, Positron, Clams & 10k. None of them seem to use decimals. Also, the above formula does not account for leap years. Sorry to rain on everyone's parade.
This line in main.h does not make sense to me either,
static const int64_t MIN_TX_FEE = 0.001 * CENT

Dev, please advise.

[bathrobehero]

1: "Unblock" in properties
2: Run as admin
3: Change compatibility to "Win7" if your on 8

Should fix wallet issues

Do you want to get malware and get your wallets stolen? Because that's how you get malware and get your wallets stolen.

If you're not running wallets in a limited Sandboxie, a virtual amchine or on a throwaway OS then it's just a matter of time when you get your wallets (and maybe even your browser's saved login/passwords for exchanges) stolen.

[Bamit-Dev]

Well I guess math genius I am not. Decided to make it hybrid and didn't take that into account. Sorry bout that. I doubt it amounts to many coins. Check the block explorer and you can see I left 472 in the wallet anyways. I will just destroy those or leave them there.

Lots of coins use decimals. Lots don't. There are no mandatory requirements for coding these things and that's what makes them great and different. Who wants a bunch of clones?

I think some of the seniors said it best. If something bothers you just move on.

I have contacted some exchanges and waiting to hear back. Tweet your fav exchanges a lot. @bittrex @yobit @whatever

Thank you for mining my coin. I hope I have created something we can all make a buck or 2 or 100 on....

[bones261]

Thanks for responding dev. I'm going to mine a little more now and then wait until block 2000, just so I have my own peace of mind that everything is in order when it comes to the POS.

[hashmaster1]

Dev you have done a good job with this coin keep the good work up .....i am mining this coin let's bring it to the moon....

[cohnhead]

hi dev...thanks for addressing concerns.......23% interest for pos to me is unsustainable and would have preferred something less sexy...like 1%-3%...but its your baby......so wtf...you've got my hashing for awhile...good luck

[chris190]

exchange?

[iju76]

Hi dev, i can't download wallet from mega, please replace to another filehosting

[skyline247]

  I've tweeted to Bittrex and C-Cex asking to add BamitCoin. No news yet. Maybe everyone should do the same. 

[Bamit-Dev]

I have contacted Bittrex and Yobit. I agree its very important that all miners contact the exchanges.

[melisande]

I have contacted Bittrex and Yobit. I agree its very important that all miners contact the exchanges.

OP, this is a nice coin project but as you have already started talking with some exchanges it means you are in for real business, however i would advise to start with small exchange platform rather than big one like bittrex but join bittrex when you have gained mometum from other platform otherwise it could lead to early death of your coin BUT if you insist on bittrex, i think they have instant add coin method there for a small fee.
Goodluck.

[Bamit-Dev]

I am talking to exchanges other then Bittrex.

Exchanges tend to respond better when there is a lot of support for a coin. So the more people talk and tweet the better.

[pineapples]

BamBit would have been better name

[pineapples]

Are these cause for concern?
In main.h
static const int64_t MAX_MINT_PROOF_OF_STAKE = 0.23 * COIN

In main.cpp
 nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN

They look funny to me, IMHO. I thought using decimals should be avoided. Please educate me.

Edit: I've now took a look at the source code for Peercoin, Blackcoin, Positron, Clams & 10k. None of them seem to use decimals. Also, the above formula does not account for leap years. Sorry to rain on everyone's parade.
This line in main.h does not make sense to me either,
static const int64_t MIN_TX_FEE = 0.001 * CENT

Dev, please advise.

COIN is generally 10000 or more.
so .23 * COIN would be 23000 in this case.

EDIT
util.h

static const int64_t COIN = 100000000;

so COIN * 23 = big integer..

[ariliz]

I am talking to exchanges other then Bittrex.

Exchanges tend to respond better when there is a lot of support for a coin. So the more people talk and tweet the better.

and?

[YoBit]

Bamit [BAM] is listed: https://yobit.net/en/trade/BAM/BTC
Bamit Dice: https://yobit.net/en/dice/BAM

[jerowacik]

wow . now this coin have exchange .
I dont believe this 

I no yet mine this , my feel say bad ..
Overall.. good luck For community ..

Crypto just for profit

[Bamit-Dev]

OP edited for our first exchange.
Thank you YoBit

https://yobit.net/en/trade/BAM/BTC

Stay tuned for more good news

[Matthaggie]

Don't sell too cheap guys and girls, Make this coin hard to get, not hard to want.. 

[tiggytomb]

I will grab a few of these and see how it works out, if it doesn't work out then I'll just be shouting godbamit

[Bamit-Dev]

I am working on awareness now. Will be many tweets over the next few days.
We have interest from other exchanges. Just working it out if possible.

[Mightymoo]

I am working on awareness now. Will be many tweets over the next few days.
We have interest from other exchanges. Just working it out if possible.

I just bought 10k first alt I've bought into in a few months looking forward to seeing where this goes xD

[Bamit-Dev]

I am working on awareness now. Will be many tweets over the next few days.
We have interest from other exchanges. Just working it out if possible.

I just bought 10k first alt I've bought into in a few months looking forward to seeing where this goes xD

Thanks! Pop that into your wallet for some fun fast staking.
Yobit coin price is cheap right now. Buy it up folks.

[Bamit-Dev]

YoBit market data now live on Bamit Block Explorer

http://bamit.blockrunner.info/

[Mightymoo]

Put in another order for 10k on yobit xD if this hits bittrex with good development it can easily hit 10k sats

[Bamit-Dev]

PoW ends in a bit. I see the usual dumpers on YoBit but the majority of the coins are still being staked. Now its time for the investors to get on board.

Good things coming to those that wait

[Bamit-Dev]

We are PoS only now.

Thank you SuprNova and BinPool

I am seeing low buys from non-investors.

Great time to buy up coins and stake them

[Bamit-Dev]

Block Explorer has been reconfigured to reflect PoS difficulty.

http://bamit.blockrunner.info/

[Mightymoo]

I bought some more xD Are you planning on getting BAM on bittrex? It would help with adoption due to a bigger market

[Bamit-Dev]

I am in discussions with Bittrex. Seems to be going my way but who knows lol.

[Mightymoo]

I am in discussions with Bittrex. Seems to be going my way but who knows lol.

Lol xD Rare these days finding active devs Keep up the good work

[Bamit-Dev]

Bittrex has responded. If they see enough support for this coin they will list at their discretion.

So if we want it on Bittrex the volume needs to increase on Yobit.

In the meanwhile I am working on another exchange and a few other things to increase value.

[Mightymoo]

Bittrex has responded. If they see enough support for this coin they will list at their discretion.

So if we want it on Bittrex the volume needs to increase on Yobit.

In the meanwhile I am working on another exchange and a few other things to increase value.

nice good work

[Oldriga]

DEV please say something about coin 

[hashmaster1]

Wallet wont sync   

[trannamtan]

BAM pump on YOBIT  

BAM / BTC Last: 0.00007800 24High: 0.00009621 24Low: 0.00000158

24V: 17,59 btc , + 5120 %

 nice...

good luck For community ..

[CjMapope]

BAM pump on YOBIT 

BAM / BTC Last: 0.00007800 24High: 0.00009621 24Low: 0.00000158

24V: 17,59 btc , + 5120 %

 nice...

good luck For community ..

lol, just another locked wallet ;p   yobit pumping and dumping on the noobs tht trade there

what a joke. 

[cohnhead]

thought coin was dead a long time ago.
dam yobit ....wonder how much of the pump is just them and how much is actually from traders
maybe they list pyramid coin next lol

[cico76]

Noo that's incredible !!! 
I mined this coin long time ago just for fun, sold everything and now... pump !
Crypto world have no logic.