[ANN] BITCOINEREUM - NO ICO - NO PRE-MINE - LAUNCHED IN 2017

[btcmtoken]

NO ICO - NO AIRDROP - NO PRE-MINE - LAUNCHED IN 2017

Start Mining Now!

BITCOINEREUM ON THE NEWS!
https://cointelegraph.com/news/mining-with-no-special-equipment-token-uses-bitcoin-principles-on-ethereum-blockchain

Smart contract Address
0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e

Symbol
BTCM / BITCOINEREUM

Decimals
8

Twitter

@btcmtoken

Website

http://bitcoinereum.com

Block Explorer

https://etherscan.io/token/0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e

Exchanges

Shushiswap ETH/BTC

Source Code

https://etherscan.io/address/0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e#code

What is Bitcoinereum?

Bitcoinereum is a Bitcoin like Minable Ethereum ERC20 Token, the first of this kind.

Launched in 2017, it brings the Bitcoin Supply mechanism into a Smart Contract allowing a bitcoin like currency to run on the ethereum blockchain.

It is a bitcoin community token, anyone can mine Bitcoinereum!

Mining Reward

The mining reward of Bitcoinereum is the same as bitcoin in its perfect conditions.

Initially, 50 coins are generated every 10 minutes (same like bitcoin in the beginning).

The Mining is done by calling the function Mine() of the Smart Contract.

Users only require to have few ETH in their wallets to pay the ethereum network fees.

To avoid mining monopoly and better distribution, each call to the Mine() function delivers 1 BTCM to the sender, only a total of 50 calls are allowed per 10 minutes (totaling the max of 50 coins generated per 10 minutes).

Reward Halving

Like in bitcoin, Bitcoinereum comes with reward halving.

Every 4 years the Mining Reward will be halved.

Supply

The total max supply is 21,000,000 BTCM, same like in bitcoin.

Coins can only be generated via Mining, there is no other possibility to generate coins.

The initial Supply is 0 BTCM.

It will take approximately 132 years to mine all BTCM.

How to Mine

All instructions here: http://bitcoinereum.com/#mine-btcm

[1714791167]

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[1714791167]

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[btcmtoken]

Wish I knew where to start

How to Mine

You can mine with any Ethereum wallet that supports Smart Contracts.

For this example we will use Myetherwallet.com:

1. Open https://www.myetherwallet.com/

2. Click on the "Contracts" tab

3. In the "Contract Address" field insert the BTCM Smart Contract Address: 0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e

4. In the "ABI / JSON Interface" insert the ABI located here: https://pastebin.com/5Djhmm8n

5. Scroll down to the area "Read / Write Contract" select the function "Mine"

6. Load your ETH wallet, Click on "Write", Generate and send the Transaction (Make sure you have some ETH, network Fees apply)

7. If the Mining is successful you will get 1 BTCM (1 BTCM per call).

All Transactions can be verified on the Bitcoinereum block explorer here: https://etherscan.io/token/0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e

The source code can be verified here: https://etherscan.io/address/0x03df4c372a29376d2c8df33a1b5f001cd8d68b0e#code

To verify what's the current reward period check the function RewardStart and RewardEnd, these functions return the start and end of a reward period in Unix format, to convert it to real time use a Unix Time Converter website (Example: https://www.epochconverter.com/)

[butterface]

So i have to call the function Mine everytime i want to mine a Token? That's a lot of transaction fees... I don't think it's worth it

[llyfee4u]

So i have to call the function Mine everytime i want to mine a Token? That's a lot of transaction fees... I don't think it's worth it

Exactly my thought, following these procedure, you may actually end up out of pocket.  I'm not entirely convinced its worth it as it stands.

[btcmtoken]

So i have to call the function Mine everytime i want to mine a Token? That's a lot of transaction fees... I don't think it's worth it

You decide how much you want to pay for the transaction fees.

You can reduce the gas price for your transactions, however, the lower the gas price the slower the transaction will be processed.

[free2yu]

Too complicated, there is no picture operation instructions ？

[kaedcoin]

Too expensive for a token without roadmap, whitepaper and so on... sorry.

But good idea anw.

[Bulista]

WOW now this sounds like a good token 

Finally a REAL BTC Token on ethereum! 1 Million times times ahead of all the premined BTC like tokens like eBTC

[Bulista]

Too expensive for a token without roadmap, whitepaper and so on... sorry.

But good idea anw.

What do you mean too expensive? You can mine for few $ cents

[Captain_Planet]

So you want to grow your coins on our money. oh go on.

[zdeni82]

I tried few times and it is working properly.
Interesting concept.
This coin should be expensive thou

[2012]

How this could be like bitcoin both are opposite of each other the original supply must be over 16 million and mining reward is so huge what you are offering. This is nothing just another shit scam coin you must fork the original chain and make airdrop on based on snapshot of blockchain than move forward like BCH.

[saugwurm]

It seems like a POSToken clone to me
How to get some if theres no Airdrop and no exchange yet? You plan to make an ICO?

EDIT:
Ok sorry, now I get it. interessting project

[@Hakermania@]

Interesting project did mine almost 2 coin already but off course it cost to mine , we only have to setup  for lower gas on myethwallet and we  get the coin.

[codemaster]

I'm going to spend more than I win, it's not worth it

[yabbadabba]

first try nothing. in this link https://pastebin.com/5Djhmm8n do copy and paste the text only or text and raw paste data?

[dragon_l]

well.im mining another now.i cost 6 ether to get 3000bte.
http://bitcoineum.com/
https://etherscan.io/token/0x73dd069c299a5d691e9836243bcaec9c8c1d8734
this project runs more than 3months.it has a mining pool now.
tons ether burns,maybe more than 1m dollars.

[vobid]

Pretty cool idea some how. Guess I'll try it for some, wasted 5$ for more idiotic things

[vietdungvn]

The fee about 0.26USD/1 BITCOINEREUM

[gost111]

the project is certainly interesting , mining for Ethereum , but how much will the coin that is the question ?