[ANN]BitMiles (BTMi) Launched - First Cryptogenic Frequent-Flyer Miles

[br0ken]

BitMiles (BTMi)
 
BitMiles (BTMi) - the official cryptogenic equivalence of frequent-flyer miles (which is known to be more valuable than money). BitMiles can be used as a means of exchange and a store of value (very much the same as your traditional flyer miles).
 
Our plan with BitMiles is simple - real world use and business adoption !
We aim to grow BitMiles into becoming the preferred (cryptogenic) ffm alterative, globally
BitMiles will not be strapped down to a specific airline (can be used with/by any airlines that choose to partner with, and adopt the BitMiles program
BitMiles holders will eventually (our aim) be able to redeem their BitMiles for air travel, air travel discounts (such as lounge access, class upgrades and additional benefits), and everyday goods and services (groceries/restaurants) - similar to your traditional ffm
Unlike your traditional ffm, BitMiles will be non-unidirectional - allowing the back and forth exchange from BitMiles to/from fiat currency (meaning that you can buy/sell BitMiles without any hassle)
BitMiles may be distributed by CC companies (as well as any other BitMiles partners) as an incentive - allowing you to obtain BitMiles (without having to participate in the actual mining thereof)
 
Website
http://bitmiles.org/

White Paper & Roadmap
https://www.dropbox.com/s/fl8m8b4d1odrocg/BTMi-White-Paper.pdf (Currently being updated)
 
Block Explorer / Crawler
http://blocks.bitmiles.org/
 
Contact
admin@bitmiles.org
support@bitmiles.org
 
SPECIFICATIONS

Algorithm:  Scrypt POW (N=1024, r=1, p=1)
0 transaction fees
60 Second block target (1440 P/Day)
6 confirmations needed for transaction
Coinbase maturity = 120 - allowing spending only after 1hr30min
Difficulty retargets once per block (Using DigiShield for protection against multi-pools and an over-inflation)
Total BitMiles to put into cirulation = 4832660000 (4.83Billion)
Linear designed mile production (reward will halve 3 x to a minimum reward of 300 miles p/block)
Blocks 6 - 120 will produce 0 BitMiles (giving miners 2 hours to set up equipment)
Block 120 - 44640 starting blocks (31 days) will have 500 BitMiles per block (lower starting reward to avoid pump/dump)
After 31 days (initial period), block rewards will increase to 2400 BitMiles p/block (over 2 years mining period)
Halving (/2) will start on block 1051200 and end on block 4204800
Mining operations will cease after year 8 (linear designed production of 4.83b)
 
BLOCK REWARDS

0 - 5 = Premine of 0.08% for further development, bounties, promotion, giveaways, and payments (incentive based distribution)
6 - 120 = 0 miles p/block (giving miners 2 hours to set up equipment)
121 - 44640 = 500 miles p/block (low starting block reward to prevent pump/dump)
44641 - 1051200 = 2400 miles p/block (year 1-2)
1051201 - 2102400 = 1200 miles p/block (year 2-4)
2012401 - 3153600 = 600 miles p/block (year 4-6)
3153601 - 4204800 = 300 miles p/block (year 6-8)
 
PREMINE

0.08% for further development, bounties, promotion, giveaways, and payments (incentive based distribution)
 
STATS / RANKINGS

Coming Soon
 
DOWNLOADS
 
Windows
https://github.com/rspublishing/bitmiles-winqt
https://www.dropbox.com/s/5o416j5dw5yyxcs/bitmiles-winqt.zip?dl=0
 
MacOS
Coming Soon
 
Linux
https://github.com/rspublishing/bitmiles-linuxqt
 
Source Code
https://github.com/rspublishing/bitmiles-source
 
Sample BitMiles.conf
rpcuser=username
rpcpassword=password
rpcallowip=127.0.0.1
rpcport=29155
port=29156
gen=0
server=1
addnode=95.85.60.246
addnode=104.236.140.97

PORTS
RPC Port:  29155
P2P Port:  29156
 
POOLS
http://ispace.co.uk/coindetails/?coin=btmi
suchpool.pw/btmi
http://btmi.coin-miners.info/
http://btmi.minerpools.com/
http://btmi.binpool.com/
http://aikapool.com/btmi

EXCHANGES

LazyCoins Exchange
https://lazycoins.com/trade#btmi-btc

C-CEX Exchange
BTMi/BTC Market : https://c-cex.com/?p=btmi-btc
BTMi/USD Market : https://c-cex.com/?p=btmi-usd

Bittrex Exchange
https://bittrex.com/Market/Index?MarketName=BTC-BTMI
 
SOCIAL

Twitter
https://twitter.com/bitmilesco
 
Facebook
https://www.facebook.com/bitmiles
 
Reddit
Coming Soon
 
SERVICES / OTHER

Market Capitalization (CoinMarketCap - BTMi Price and Charts)
http://coinmarketcap.com/currencies/bitmiles/

BTMi/USD Converter
http://www.cryptoconversions.com/converter/btmi_usd.html

Cryptoprices
http://www.cryptopricing.com/prices.php

SPENDING (will be updated as adopted and integrated by merchants)

BrieHost (Hosting)
https://www.briehost.com/knowledgebase/464/BitMiles-BTMi.html

OP TRANSLATIONS

Dutch : https://bitcointalk.org/index.php?topic=912570

Proof of Premine Burn (see: https://bitcointalk.org/index.php?topic=892298.msg9843749#msg9843749)

Code:

[earlz@test2 src]$ ./BitMilesd getrawtransaction d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727 1
{
    "hex" : "0100000001b02461cc34461668cf8734c5fc0bcc3944a0f119e61bf4b50cd30ddac8f3c499000000006a47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597fffffffff02000a2faf118701001976a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac00e6b2234b3810001976a914000000000000000000000000000000000000000088ac00000000",
    "txid" : "d6ab6f201c62c2a73981fc6f981a80742d552408bc70d53df30254a1e67a2727",
    "version" : 1,
    "locktime" : 0,
    "vin" : [
        {
            "txid" : "99c4f3c8da0dd30cb5f41be619f1a04439cc0bfcc53487cf68164634cc6124b0",
            "vout" : 0,
            "scriptSig" : {
                "asm" : "304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901 0331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f",
                "hex" : "47304402205391d7a9c34796f13c38ca5e1f519de928963b6e603c139a0030694b4438cde302205976d2fd653e94ccc13a88505dcf571447925757855d1b802096df75949c4e6901210331fc670d1b8d387ccd93d101b287802b8c1da9afd542acd74d34e4aac67d597f"
            },
            "sequence" : 4294967295
        }
    ],
    "vout" : [
        {
            "value" : 4299850.00000000,
            "n" : 0,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 dcab874265889bb3c1508be0dad15bc434af1b5b OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914dcab874265889bb3c1508be0dad15bc434af1b5b88ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bYr4qS3ZeEgZyi9ngzVvQ1Knigk5FeeYQc"
                ]
            }
        },
        {
            "value" : 45654950.00000000,
            "n" : 1,
            "scriptPubKey" : {
                "asm" : "OP_DUP OP_HASH160 0000000000000000000000000000000000000000 OP_EQUALVERIFY OP_CHECKSIG",
                "hex" : "76a914000000000000000000000000000000000000000088ac",
                "reqSigs" : 1,
                "type" : "pubkeyhash",
                "addresses" : [
                    "bCjGhELVMLPUWqrN5fK6Df8sVsuBWTKAVN"
                ]
            }
        }
    ],
    "blockhash" : "fdb52da9df5d3136b3851751948b430abda350f34ca3070f0316a7ad98cec6f5",
    "confirmations" : 7,
    "time" : 1418623898
} 

[1714995285]

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[1714995285]

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[Shadow_Runner]

404...cheat with links at launch?



{
"blocks" : 95,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.17494666,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 508057,
"pooledtx" : 0,
"testnet" : false
}

[dezoel]

will waiting for an exchange..,
also pool...,

[br0ken]

404...cheat with links at launch?



{
"blocks" : 95,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 1.17494666,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"networkhashps" : 508057,
"pooledtx" : 0,
"testnet" : false
}

Hi Shadow_Runner

Thanks for pointing this out. Fixed !!

[br0ken]

will waiting for an exchange..,
also pool...,

already working on the pools. exchanges will also follow. Stick around .. this is going to be well worth it !

[wisnon]

Pools Where?

[xinbinbin]

池子池子

[dezoel]

will waiting for an exchange..,
also pool...,

already working on the pools. exchanges will also follow. Stick around .. this is going to be well worth it !

good luck for this, I'll keep following your coin...,

[wisnon]

Block time?

[br0ken]

will waiting for an exchange..,
also pool...,

already working on the pools. exchanges will also follow. Stick around .. this is going to be well worth it !

good luck for this, I'll keep following your coin...,

Thanks so much! 

[ldp5500]

Pools?

[br0ken]

Block time?

60 Sec. 1440 P/day

[br0ken]

Pools?

We are in contact with a few potential Pool ops. Please keep an eye on our OP.

[CryptoSiD]

http://suchpool.pw/btmi up, please add to pools list

[br0ken]

http://suchpool.pw/btmi up, please add to pools list

Thanks a million  Awesome !! Adding to OP now

[james42]

Looks like an OK coin, dev you may want to consider destroying some of that premine

[scorpio18]

http://btmi.coin-miners.info/ is up and running   , dev can you please add my pool to pool list 

[br0ken]

http://btmi.coin-miners.info/ is up and running   , dev can you please add my pool to pool list 

Done! Thanks so much  

[NoobKidOnTheBlock]

I encrypted my wallet and now it won't let me unlock it at all?

[TimC]

I encrypted my wallet and now it won't let me unlock it at all?

Did you type the wallet unlock command in the debug window?

From the Menu Selections choose Help -> Debug
When the debug window pops up click on the 'Console' tab. Then enter the wallet unlock command.


walletpassphrase <passphrase> <timeout>

The above steps unlock my wallet so it does unlock after being encrypted.