[ANN] [ABAS] ABAS Token: PoW mined Bitcoin with Staking on Arbitrum One Chain

[ABAS_Token]

ABAS Token

Tokenized bitcoin PoW mineable with Staking on the Arbitrum One Blockchain.

https://abastoken.org

Link to ABAS Discord

ABAS Token is a ERC20 adaptation for the Arbitrum One Chain of the original 0xbitcoin project on Ethereum along with Vether for auctions and Synethix for Staking rewards .

The reason why ABAS is born: after the DeFi massive widespread on the Ethereum mainnet, gas fees for transactions have become too high. This has a relevant and heavy impact on all the projects, and particularly if considering mined-tokens: submitting solutions and claiming rewards have become too expensive.
The alternative is offered by the Layer 2 Chains: with its low gas fees, fastness and smart-contract execution capabilities, it is the most suitable environment to give rebirth to bitcoin through the tokenized minable asset ABAS.  Along with a new idea for mining called slow mining, the longer the reward takes to solve the greater the reward.  Since hashrate isn't used to secure the network, we can reward slower answers and by design uses less hash power, allowing the token to be dual mined with any other Cryptocurrency.
To further penalize fast answers a Ethereum fee per mint is introduced for miners that faster they mint, the more Ethereum they pay the contract (that gets distributed to future miners(50%) and stakers(50%)

ABAS token features:

Arbitrum One BlockChain

Contract address: 0x0B549125fbEA37E52Ee05FA388a3A0a7Df792Fa7

Token symbol: ABAS

Token decimals: 18

Total supply: 52 500 000

ChainID: 42161 (Arbitrum One)



Start mining now (SOLO MINING!! no pools yet):

You can download the Windows CPU & GPU miner here
or here on Github
Download the Linux GPU on Github here

Target contract address: 0x0afaF0C46B1cA13B204a516BF5c0314674f4930D


You have to use an address with some ETH on the Arbitrum One blockchain to pay the (small) gas fees.

Start with MinABASPerMint: 3.5 and move it up to your prefered level.

Tested both with CPU (Intel/AMD) and GPU (NVIDIA, older and newer).


Viva La Mineables!!
-Untouchable


We have open sourced all code @:
https://github.com/AbasToken/ABAS_Code_Public

[jharris9931]

Why are you not using github for your miner download?

[StianNOR]

Great quastion. smell some fish here.

[jharris9931]

Probably has something fishy embedded in the mining program.

[Xal0lex]

Probably has something fishy embedded in the mining program.

You can download and check this file for viruses on the same service VirusTotal. Who's stopping you? I downloaded and checked, there are no viruses in this file. Only one engine unknown to me shows that this file is "unsafe". Maybe there is some malware in the file that VirusTotal cannot detect, I don't know. There have already been such cases on this forum. That's why I don't encourage anyone to use this application. As they say, DYOR.

[bcn2048]

nothing fishy here, I asure you
dev has long tradition in crypto and he even offered mining fees return to miners becacuse abas needed restart (corrections in contract)

[ABAS_Token]

Why are you not using github for your miner download?

https://github.com/AbasToken/ABAS_Miner_Code
It is on Github now, I will post the source code in the next 2 days or so.
Thank you for the critique.

Probably has something fishy embedded in the mining program.

You can download and check this file for viruses on the same service VirusTotal. Who's stopping you? I downloaded and checked, there are no viruses in this file. Only one engine unknown to me shows that this file is "unsafe". Maybe there is some malware in the file that VirusTotal cannot detect, I don't know. There have already been such cases on this forum. That's why I don't encourage anyone to use this application. As they say, DYOR.

We will upload the source to the miner. For now we have also uploaded the files to github.

https://github.com/AbasToken/ABAS_Miner_Code

We work hard to be a pillar in this community.  We will upload even more evidence we are not doing anything fishy.

We have open sourced all code @:
https://github.com/AbasToken/ABAS_Code_Public
Miner Download on Github @ https://github.com/AbasToken/ABAS_Miner_Code

[bcn2048]

ann is missing link to discord channel, so here it is: https://discord.gg/4KqferEE

[ABAS_Token]

ann is missing link to discord channel, so here it is: https://discord.gg/4KqferEE

Added to main post, thank you!

[ABAS_Token]

We have launched a Ubuntu/Linux GPU & CPU Miner for ABAS.  Please see
https://github.com/AbasToken/ABAS_Linux_Miner
For instructions

[ABAS_Token]

We have relaunched with better tokenomics and in an effort to prevent private ASIC farms we have capped difficulty at 4 TH/s for the token.  This along with a fee the quicker you mine it (along with less reward), will help prevent griefing by ASICs and high hashrate individuals!