[ANN][BMR] Bitmonero - a new coin based on CryptoNote technology - LAUNCHED

[bengtåke]

Looks like solo is still fine even at diff 260k -- even with a single modern quad you should still be getting a few blocks per day.

I think probably solo will be dead around 750k for unix users, but we will have pools up by then.

Yeah, got my first block in a few hours with my 2500k. Guess I burned my luck for a while

[eizh]

Comkort exchange is working now on BCN integration. Let's vote for Bitmonero integration also!

https://comkort.com/vote

The current situation with BCN is that it won the vote and the site admins couldn't figure out how to integrate it. They said they'd reach out to BCN devs but I don't think they're aware that this is a deepweb project. BCN devs may not respond at all. To get BMR on there, you'll need to be able to help them understand the API.

[tacotime]

They can reach out to me @ dev.mc2@gmail.com if they need help too (it doesn't look easy contacting them)

[eizh]

They can reach out to me @ dev.mc2@gmail.com if they need help too (it doesn't look easy contacting them)

It's a Russian company so I'm not sure how easy it will be to communicate with them but I submitted a ticket giving this contact info.

[btc-mike]

Bitmonero was added to The CPU Coin List.

Please let me know if you know the missing info or there are errors.

mike

[tacotime]

They can reach out to me @ dev.mc2@gmail.com if they need help too (it doesn't look easy contacting them)

It's a Russian company so I'm not sure how easy it will be to communicate with them but I submitted a ticket giving this contact info.

thank you

[David Latapie]

I am almost certain you are in this for a quick buck and could care less about the message and the technology.

Not on that one, I don't plan to sell my Bitmonero. <teaser>We actually an agenda</teaser>.

[mickey_miner]

Interesting coin.  I mine few blocks

[eizh]

This coin desperately needs a better first post. It still looks like a pre-announcement. I've made one so here you go. Credit to the CryptoNote guys for the nice images and David Latapie for mining guide. Change as you see fit and post it ASAP because the current situation is untenable given that we don't even have a website. It's fundamentally unfair to newcomers and linking to CryptoNote and BCN is not sufficient.

Title: [ANN][BMR] Bitmonero - an anonymous coin based on CryptoNote technology

<Or something similar. Definitely say that it's anonymous.>

<fancy logo goes here>

Bitmonero (BMR) is a new coin using the CryptoNote protocol. It's based on Bytecoin (BCN), which was coded from scratch and is not a descendent of Bitcoin. BMR was launched on April 18, 2014.

Specifications:

• Algorithm: CryptoNight (64-bit CPU-only)
• Max supply: ~18.4 million
• Block reward: Smoothly varying using the formula (M - A) / (2^20) / (10^12) where M = 2^64 -1, A = supply mined to date.
• Difficulty: retargets at every block

Windows binary
Linux source
(OSX binaries not yet available)

Freenode: #bitmonero
Reddit: http://www.reddit.com/r/bitmonero

Announcements

[Logo contest - till 28 April - bounty 300 BMR]: https://bitcointalk.org/index.php?topic=580155

FAQ

- What is CryptoNote?

CryptoNote is the technology that allows creation of anonymous egalitarian cryptocurrencies. You can visit their website here. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design.

Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and unlinkable transactions accomplished by creating one-time keys for individual payments. Ring signatures are explained below and you can read the white paper for the details. The images below come from CryptoNote's website.

A normal signature looks like this. There's only one participant.



A ring signature obscures identities because it only proves that a signer belongs to a group.



This allows a high level of anonymity in cryptocurrency transactions. You can think of it as decentralized mixing.



- What is Bytecoin (BCN)?

Bytecoin was the first CryptoNote-based coin. It was apparently released on the deepweb in July 2012. It did not surface on the clearweb until March 2014.

Important: This is not a Bytecoin relaunch or not a Bytecoin replacement but a Bytecoin fork. Bytecoin has its own long history, community and stakeholders we don't know much about. I respect them and their decisions even if I don't understand them now. An intention to relaunch coin is always harmful for everybody involved. Fork is a right way to contribute to community in case you don't agree with decisions already made.

- What are the features of this coin?

1. It uses the Bytecoin(BCN)/CryptoNote code base.

2. Started from scratch (i.e. from genesis block).

3. Emission schedule has a flatter curve (close to Bitcoin's original curve).

4. Bitmonero - BMR (monero = coin in the Esperanto language).

5. Block target = 60 seconds.

6. Penalty-free block size is increased.

CryptoNote doesn't have hard limits: all parameters are adaptive. Max block size is adaptive also. It is recalculated the same way difficulty is. In case miner creates block bigger than 1*CURRENT_MAX_BLOCK_SIZE the penalty is applied to block reward (i.e. block reward is decreased). In case miner creates block bigger than 2*CURRENT_MAX_BLOCK_SIZE such block will not be accepted by network.

For blocks below penalty-free block size this logic isn't applied. I.e. even in the blockchain with all blocks empty you can create a block of this size with full block reward. In reference code this penalty-free block size is 10Kb - this is good for 2-3 anonymous transactions (anonymous means mixing factor is 5 or more). It's better to have a bit more.

7. Decimal point has been moved from BCN (18.446 million max supply instead of 184.46 billion). This is purely a UI change - technically there will be 2^64 - 1 atomic units (roughly 10^19).

8. Merged mining with Bytecoin will be added soon.

Mining

Important: CryptoNote can only work on a 64-bit OS.

There's no pool implementation yet so solo mining is the only option.

Credit to David Latapie for the guide below:

Linux tutorial

Open two terminals
For each terminal be sure to go to the folder where you have you binaries (on a graphical interface, the fastest way it to drag-and-drop a file from the file manager then remove the name of the file to have only the folder)

On terminal 1, type this command

Code:

./bitmonerod

Let it sync. Don't close (once the daemon is active, you can use show_hr to get your hashrate or set_log 1/2/3 to change the verbosity of the logs). If you close the daemon whilst you are mining, mining will stop (obviously) and if you open the daemon again the mining won't resume (you must use the start_mining command on the wallet for that).

On terminal 2, type this command:

Code:

./simplewallet --generate-new-wallet=name_of_my_wallet.bin

You will be prompted for a password. Be careful, you won't have to type a confirmation so beware of typos!
Close the wallet with the "exit" command.

Now type this command:

Code:

./simplewallet --wallet-file=name_of_my_wallet.bin

and enter your password. If you forgot your password or mistyped it at creation time, delete every file starting with name_of_my_wallet.bin and start over. Every Bitmonero would be lost forever, so it's important that you do it just after the creation, before any mining.

Windows tutorial
You can use the command line as above. You can also use the batch file shown below. Paste the text into notepad and save it as a .bat file. Note that you can change the name of your wallet file if you want (it's wallet.bin here). Double click the .bat file then go down to mining after waiting for terminal 1 to sync.

Code:

@echo off

tasklist /FI "IMAGENAME eq bitmonerod.exe" 2>NUL | find /I /N "bitmonerod.exe">NUL
if not %ERRORLEVEL% == 0 (
  echo Starting node...
  start /MIN bitmonerod.exe
) else (
  echo Node already started.
)

tasklist /FI "IMAGENAME eq simplewallet.exe" 2>NUL | find /I /N "simplewallet.exe">NUL
if not %ERRORLEVEL% == 0 (
  if exist wallet.bin.keys (
    echo Starting previous wallet...
    start simplewallet.exe --wallet wallet.bin
  ) else (
    echo Starting new wallet...
    start simplewallet.exe --generate-new-wallet wallet.bin
  )
) else (
  echo Wallet already started.
)

Mining
And now the good stuff: mining!
Since the wallet can command the daemon (miner), enter this in the wallet terminal:

Code:

start_mining <number of threads>

(to get your number of threads use "nproc" on Linux and "sysctl -n hw.ncpu on" Mac; on Windows, either get a utility for this or use this formula: number of CPU (usually 1) x number of cores x 2 (if no support for Hyperthread, remove the x2)
Or course, you don't have to use all your threads (especially if you are using your computer for something else such as simultaneous GPU mining).

You can mine to a specific address by typing this in the daemon terminal (not the wallet terminal):

Code:

start_mining <address> <number of threads>

By the way: if you want to know your hashrate, type show_hr in bitmonerod. And if you want to change the amount of information in the daemon, use set_log 1 (least info) to set_log 3 (max info).

How can you know that you are actually mining? Check you CPU usage :-) If it less than 80% chances are you are not mining.

I hope this tutorial will prove useful.

Address for tips:

Code:

46ctfLBhgyzJm61oTtDfu9GbVhG7ito4fNiQjdZcB5bL3mz5ejQrPD29uEkDHFzCVTHGFqAdG456w6ivYp7K23SiGREUiQe

Other

- I want to help with development / design / marketing ...

Please PM me.

- I want to integrate new currency in my sevices (pools, block explorers, exchanges etc)

Please check API pages: https://wiki.bytecoin.org/wiki/Main_Page
API is far from being complete. Please PM me for comments or ask on CryptoNote forum: https://forum.cryptonote.org/

- I want to give you money for this project

Here is a donation address in BCN: 27swAkuqXB2M2YNhxjP9qngei9iRdTsH6b2PX7K4ffpugpf3hqiuRUUQvKLxny2iE1hbUANgF81CXL2 v3AiB45v7SmRaPGd

Translations:

[Portuguese] https://bitcointalk.org/index.php?topic=563927.0

References:

[1] CryptoNote technology page: https://cryptonote.org/inside.php
[2] CryptoNote forum: https://forum.cryptonote.org/
[3] CryptoNote white paper: https://cryptonote.org/whitepaper.pdf
[4] Bytecoin (BCN) site: https://bytecoin.org/
[5] Bytecoin (BCN) wiki: https://wiki.bytecoin.org/
[6] Bytecoin (BCN) main thread: https://bitcointalk.org/index.php?topic=512747
[7] Bytecoin (BCN) mining guide: https://bitcointalk.org/index.php?topic=544715

[cinming]

is there other mirrors for windows binary file?
if not, will some1 please upload to another file hosting for me?
i cannot download from mega.co.nz

[Patejl]

I need help. How to compile this in Ubuntu 14?

[David Latapie]

I need help. How to compile this in Ubuntu 14?

Someone compiled the binaries for ubuntu. It is on my IRC log that I cannot access atm, but maybe the person will read this thread.

[x0rcist]

is there other mirrors for windows binary file?
if not, will some1 please upload to another file hosting for me?
i cannot download from mega.co.nz

try this https://anonfiles.com/file/557536bff04c9dbb85d290233850873b

eizh; that OP looks great!! +1

[Stanford]

New coin based on cryptonote, interesting.

I am curious how much is this one differ from the original one ?  advantages/ disadvantages?

Also wonder to hear any opinion about Bitmonero's perspective in future.

[cryptofella]

I need help. How to compile this in Ubuntu 14?

I couldn't build it on Ubuntu 14 but on 13.10 it builds like described on page 14:

diff is too high now for solo, unless you are a botnet 
that is strange because on bytecoin at diff 600k I could mine ~1 block per day, here diff is only 120k but no block for almost 24 h.
Maybe OP should contact minergate to add BMR pool 

edit: now there is a source for minergate miner https://github.com/amjuarez/bytecoin

Solo should be okay, I have been getting blocks still solo.  May just be unlucky.  Try compiling in ubuntu linux 13.10, you usually get about 3x higher hash rates than windows.

Only 13.10 has the correct dependencies, do not download 14.4!!!

Compile in this way:

Code:

sudo apt-get install libboost-all-dev cmake
cd $HOME/your_bitmonero_directory/
mkdir build
make -j4

[GreekBitcoin]

This coin desperately needs a better first post. It still looks like a pre-announcement. I've made one so here you go. Credit to the CryptoNote guys for the nice images and David Latapie for mining guide. Change as you see fit and post it ASAP because the current situation is untenable given that we don't even have a website. It's fundamentally unfair to newcomers and linking to CryptoNote and BCN is not sufficient.

Title: [ANN][BMR] Bitmonero - an anonymous coin based on CryptoNote technology

<Or something similar. Definitely say that it's anonymous.>

<fancy logo goes here>

Bitmonero (BMR) is a new coin using the CryptoNote protocol. It's based on Bytecoin (BCN), which was coded from scratch and is not a descendent of Bitcoin. BMR was launched on April 18, 2014.

Specifications:

• Algorithm: CryptoNight (64-bit CPU-only)
• Max supply: ~18.4 million
• Block reward: Smoothly varying using the formula (M - A) / (2^20) / (10^12) where M = 2^64 -1, A = supply mined to date.
• Difficulty: retargets at every block

Windows binary
Linux source
(OSX binaries not yet available)

Freenode: #bitmonero
Reddit: http://www.reddit.com/r/bitmonero

Announcements

[Logo contest - till 28 April - bounty 300 BMR]: https://bitcointalk.org/index.php?topic=580155

FAQ

- What is CryptoNote?

CryptoNote is the technology that allows creation of anonymous egalitarian cryptocurrencies. You can visit their website here. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design.

Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and unlinkable transactions accomplished by creating one-time keys for individual payments. Ring signatures are explained below and you can read the white paper for the details. The images below come from CryptoNote's website.

A normal signature looks like this. There's only one participant.



A ring signature obscures identities because it only proves that a signer belongs to a group.



This allows a high level of anonymity in cryptocurrency transactions. You can think of it as decentralized mixing.



- What is Bytecoin (BCN)?

Bytecoin was the first CryptoNote-based coin. It was apparently released on the deepweb in July 2012. It did not surface on the clearweb until March 2014.

Important: This is not a Bytecoin relaunch or not a Bytecoin replacement but a Bytecoin fork. Bytecoin has its own long history, community and stakeholders we don't know much about. I respect them and their decisions even if I don't understand them now. An intention to relaunch coin is always harmful for everybody involved. Fork is a right way to contribute to community in case you don't agree with decisions already made.

- What are the features of this coin?

1. It uses the Bytecoin(BCN)/CryptoNote code base.

2. Started from scratch (i.e. from genesis block).

3. Emission schedule has a flatter curve (close to Bitcoin's original curve).

4. Bitmonero - BMR (monero = coin in the Esperanto language).

5. Block target = 60 seconds.

6. Penalty-free block size is increased.

CryptoNote doesn't have hard limits: all parameters are adaptive. Max block size is adaptive also. It is recalculated the same way difficulty is. In case miner creates block bigger than 1*CURRENT_MAX_BLOCK_SIZE the penalty is applied to block reward (i.e. block reward is decreased). In case miner creates block bigger than 2*CURRENT_MAX_BLOCK_SIZE such block will not be accepted by network.

For blocks below penalty-free block size this logic isn't applied. I.e. even in the blockchain with all blocks empty you can create a block of this size with full block reward. In reference code this penalty-free block size is 10Kb - this is good for 2-3 anonymous transactions (anonymous means mixing factor is 5 or more). It's better to have a bit more.

7. Decimal point has been moved from BCN (18.446 million max supply instead of 184.46 billion). This is purely a UI change - technically there will be 2^64 - 1 atomic units (roughly 10^19).

8. Merged mining with Bytecoin will be added soon.

Mining

Important: CryptoNote can only work on a 64-bit OS.

There's no pool implementation yet so solo mining is the only option.

Credit to David Latapie for the guide below:

Linux tutorial

Open two terminals
For each terminal be sure to go to the folder where you have you binaries (on a graphical interface, the fastest way it to drag-and-drop a file from the file manager then remove the name of the file to have only the folder)

On terminal 1, type this command

Code:

./bitmonerod

Let it sync. Don't close (once the daemon is active, you can use show_hr to get your hashrate or set_log 1/2/3 to change the verbosity of the logs). If you close the daemon whilst you are mining, mining will stop (obviously) and if you open the daemon again the mining won't resume (you must use the start_mining command on the wallet for that).

On terminal 2, type this command:

Code:

./simplewallet --generate-new-wallet=name_of_my_wallet.bin

You will be prompted for a password. Be careful, you won't have to type a confirmation so beware of typos!
Close the wallet with the "exit" command.

Now type this command:

Code:

./simplewallet --wallet-file=name_of_my_wallet.bin

and enter your password. If you forgot your password or mistyped it at creation time, delete every file starting with name_of_my_wallet.bin and start over. Every Bitmonero would be lost forever, so it's important that you do it just after the creation, before any mining.

Windows tutorial
You can use the command line as above. You can also use the batch file shown below. Paste the text into notepad and save it as a .bat file. Note that you can change the name of your wallet file if you want (it's wallet.bin here). Double click the .bat file then go down to mining after waiting for terminal 1 to sync.

Code:

@echo off

tasklist /FI "IMAGENAME eq bitmonerod.exe" 2>NUL | find /I /N "bitmonerod.exe">NUL
if not %ERRORLEVEL% == 0 (
  echo Starting node...
  start /MIN bitmonerod.exe
) else (
  echo Node already started.
)

tasklist /FI "IMAGENAME eq simplewallet.exe" 2>NUL | find /I /N "simplewallet.exe">NUL
if not %ERRORLEVEL% == 0 (
  if exist wallet.bin.keys (
    echo Starting previous wallet...
    start simplewallet.exe --wallet wallet.bin
  ) else (
    echo Starting new wallet...
    start simplewallet.exe --generate-new-wallet wallet.bin
  )
) else (
  echo Wallet already started.
)

Mining
And now the good stuff: mining!
Since the wallet can command the daemon (miner), enter this in the wallet terminal:

Code:

start_mining <number of threads>

(to get your number of threads use "nproc" on Linux and "sysctl -n hw.ncpu on" Mac; on Windows, either get a utility for this or use this formula: number of CPU (usually 1) x number of cores x 2 (if no support for Hyperthread, remove the x2)
Or course, you don't have to use all your threads (especially if you are using your computer for something else such as simultaneous GPU mining).

You can mine to a specific address by typing this in the daemon terminal (not the wallet terminal):

Code:

start_mining <address> <number of threads>

By the way: if you want to know your hashrate, type show_hr in bitmonerod. And if you want to change the amount of information in the daemon, use set_log 1 (least info) to set_log 3 (max info).

How can you know that you are actually mining? Check you CPU usage :-) If it less than 80% chances are you are not mining.

I hope this tutorial will prove useful.

Address for tips:

Code:

46ctfLBhgyzJm61oTtDfu9GbVhG7ito4fNiQjdZcB5bL3mz5ejQrPD29uEkDHFzCVTHGFqAdG456w6ivYp7K23SiGREUiQe

Other

- I want to help with development / design / marketing ...

Please PM me.

- I want to integrate new currency in my sevices (pools, block explorers, exchanges etc)

Please check API pages: https://wiki.bytecoin.org/wiki/Main_Page
API is far from being complete. Please PM me for comments or ask on CryptoNote forum: https://forum.cryptonote.org/

- I want to give you money for this project

Here is a donation address in BCN: 27swAkuqXB2M2YNhxjP9qngei9iRdTsH6b2PX7K4ffpugpf3hqiuRUUQvKLxny2iE1hbUANgF81CXL2 v3AiB45v7SmRaPGd

Translations:

[Portuguese] https://bitcointalk.org/index.php?topic=563927.0

References:

[1] CryptoNote technology page: https://cryptonote.org/inside.php
[2] CryptoNote forum: https://forum.cryptonote.org/
[3] CryptoNote white paper: https://cryptonote.org/whitepaper.pdf
[4] Bytecoin (BCN) site: https://bytecoin.org/
[5] Bytecoin (BCN) wiki: https://wiki.bytecoin.org/
[6] Bytecoin (BCN) main thread: https://bitcointalk.org/index.php?topic=512747
[7] Bytecoin (BCN) mining guide: https://bitcointalk.org/index.php?topic=544715

Very good! This must be 1st post ! Also there is a logo contest somewhere in the forum.

[TTM]

Since Cryptonote act like a decentralized mixing method, it only make transaction become harder to trace, not completely untraceable as OP claimed.



It's quite similar to Darkcoin which is self claimed to be anonymous currency, but privacy of both is not strong enough for people who crave for a comletely anonymous currency, like myself.

Cryptonote is cool but i think i'll wait till May/June for Zerocash realease.

[cocoakrispies]

Since Cryptonote act like a decentralized mixing method, it only make transaction become harder to trace, not completely untraceable as OP claimed.

It's quite similar to Darkcoin which is self claimed to be anonymous currency, but privacy of both is not strong enough for people who crave for a comletely anonymous currency, like myself.

Cryptonote is cool but i think i'll wait till May/June for Zerocash realease.

You completely left out ring signatures, and the public and private one-use keys in your understanding. Please re-read those sections of the source, and then re-explain yourself.

[tacotime]

New coin based on cryptonote, interesting.

I am curious how much is this one differ from the original one ?  advantages/ disadvantages?

Also wonder to hear any opinion about Bitmonero's perspective in future.

Only in a few ways:
1.) 1 min blocks.
2.) Money supply decimal is shifted so total supply is in the tens of millions.
3.) Money supply distribution is much slower (more similar to Bitcoin's instead of releasing 80% of currency in 2 years).
4.) Base block size without penalty is 20 KB instead of 10 KB.

Other than that it's the normal CryptoNote 2.0 privacy.

[GreekBitcoin]

New coin based on cryptonote, interesting.

I am curious how much is this one differ from the original one ?  advantages/ disadvantages?

Also wonder to hear any opinion about Bitmonero's perspective in future.

Only in a few ways:
1.) 1 min blocks.
2.) Money supply decimal is shifted so total supply is in the tens of millions.
3.) Money supply distribution is much slower (more similar to Bitcoin's instead of releasing 80% of currency in 2 years).
4.) Base block size without penalty is 20 KB instead of 10 KB.

Other than that it's the normal CryptoNote 2.0 privacy.

Well you can also still solo mine too. Got 4 blocks over the night