WAM Coin: A RandomX Fork of Bitcoin Core v28.1 (Launching Sept 15, 2026)

Topic ID
5591218
Thread author
Waleed Al80
Thread added to tracking
2026-08-17 00:10 UTC
Last scan
2026-10-13 00:11 UTC
Generated
2026-10-13T00:11:21Z
Original thread on bitcointalk.org ↗

About the coin (primary summary)

  • What the coin is: WAM Coin (ticker likely WAM)
  • Mining algorithm: RandomX
  • CPU‑only or not: CPU mining is supported (RandomX makes CPU mining competitive); not indicated that the coin is exclusively CPU‑only
  • Brief description: WAM Coin — a fork of Bitcoin Core v28.1 with a hard cap of 22 000 000 coins, 2‑minute blocks and an initial subsidy of 50 WAM. Uses RandomX PoW, difficulty adjustment algorithm DarkGravityWave v3 (recalculation each block), 5 % treasury withdrawal up to block 400 000 and a founders‑reserved fund of 2 000 000 WAM, unlocking at 20 % per year until 2030 (founder + treasury = 12.5 % of emission). Testnet already launched with two seed nodes (France, Singapore); a preliminary release is ready on GitHub (≈11 MB, requires libevent and libsqlite3).
  • Where to mine/pool: not specified
  • Wallet/links: GitHub — https://github.com/wam-coin-official/wam-coin website — https://wamcoin.org Telegram — https://t.me/wam_coin_updates X (Twitter) — https://x.com/WAMCoinCore
  • Community reaction: the author publishes an announcement and a subsequent update about work on listings on exchanges (XeggeX, TradeOgre, NonKYC, Bisq) and invites code review and bug reports via a private bug bounty; no direct comments from participants in the provided excerpts.

Update history (deltas)

2026-08-21 00:13 UTC — 3 new posts

  • Main topic of new posts: Clarification of earlier statement about negotiations with exchanges; admission of error and lack of real agreements on listing WAM Coin before mainnet launch.
  • Key news/updates:
  • Founder Waleed Al80 admitted that in the previous post he mistakenly listed XeggeX, TradeOgre and NonKYC as contacted platforms; in reality inquiries were sent to Komodo Wallet, BasicSwap DEX, Bisq, Maya Protocol, Haveno and Block DX.
  • No agreements, accepted applications or listing timelines exist; promises of trading infrastructure and liquidity from day one are not substantiated.
  • Technical features of the coin (RandomX, DGW v3, 22 M cap, treasury withdrawal, etc.) remain unchanged and verifiable.
  • Mainnet launch still scheduled for 15 September 2026.
  • Issues/complaints:
  • User visibleplayer accused the project of fraud (“Dumb scammer”), pointing to false information about listings and lack of real market value.
  • No price, no ability to buy or sell WAM before mining; the coin currently has no market value and may never be listed.
  • Overall tone: negative/skeptical – community doubts the credibility of statements and sees risk of scam.

2026-08-25 00:13 UTC — 2 new posts

  • Main topic of new posts: the author calls the community to test the testnet, review the code and prepare for a mandatory update before the mainnet launch on 15 September 2026.
  • Key news/updates:
  • Testnet launched 20 August, with two independent nodes (Europe and North America) joining; stratum pool pays every 10 minutes on port 3336, two Electrum servers are running.
  • Release v0.1.5 – mandatory update before mainnet; nodes of older versions (v0.1.4 and earlier) when launching mainnet will refuse valid blocks and end up on an isolated chain without errors.
  • Two real vulnerabilities were found in the consensus code (Redis access without a password and a race condition in share accounting); both fixed, changes published in the repository.
  • A bug bounty was announced for auditing the consensus changes (link to SECURITY.md).
  • Scripts provided for verifying supply, patches and cleanup (verify_supply.py, patch_upstream.py, sweep.sh).
  • Binary files v0.1.3 and v0.1.4 were deliberately removed; replacement with v0.1.5 is recommended.
  • Issues/complaints: no explicit complaints; noted that testnet coins have no real value and have already been burned, and that the consensus audit was unpaid.
  • Overall tone: neutral‑call‑to‑action – emphasis on the need for verification and community help, without hype around price or profit promises.

2026-08-29 00:12 UTC — 2 new posts

  • Main topic of new posts: release of miner v0.1.6 fixing the “silent” pool issue, and registration of WAM Coin in SLIP‑0044/SLIP‑0173 standards.
  • Key news/updates:
  • v0.1.6: the miner now treats a connection as dead after 10 minutes of complete data silence and automatically reconnects; consensus unchanged, nodes v0.1.5 and v0.1.6 remain compatible.
  • WAM Coin received coin type 5718349 (SLIP‑0044) and bech32 prefixes wam, twam, wamrt (SLIP‑0173), recorded in the SatoshiLabs registry, avoiding collisions with other projects.
  • Issues/complaints:
  • In the previous miner version the connection could remain “half‑open” on TCP, continuing work on an outdated job for hours with no failure indicator; the issue was only discovered indirectly (a fan stopped).
  • Overall tone: neutral‑positive – critical bug fixed and official recognition obtained via SLIP registration, without negative project assessment.

2026-09-05 00:12 UTC — 1 new post

• Main topic of new posts: Published final status of the WAM Coin project 11 days before mainnet launch, confirming parameters and premine conditions.

• Key news/updates:

  • Mainnet launch date and time: 15 September 2026, 00:00 UTC.
  • Confirmed algorithm RandomX, block time 120 seconds, DGW v3, subsidy 50 WAM, halving every 200 000 blocks (~9.1 months).
  • Premine of 2 000 000 WAM in the genesis block, fully locked by consensus for the first year.
  • Treasury withdrawal of 5 % of the subsidy up to height 400 000.
  • Ports: p2p 9555, rpc 9554; SLIP‑44 5718349 registered.
  • Codebase: Bitcoin Core v28.1, MIT license.
  • No presale, ICO, airdrop, exchange listings or token‑sale; everyone starts from the same block.

• Issues/complaints: none (no problems or claims noted in this post).

• Overall tone: neutral‑informative, emphasizing transparency and verifiability before launch.

2026-09-09 00:11 UTC — 1 new post

Main topic of new posts:

Release of WAM Coin v0.1.7, which adds built‑in fixed seed nodes and fixes misleading strings in the CLI; the update is not mandatory and does not change consensus rules.

Key news/updates:

  • The binary is compiled with fixed seed nodes, so new nodes can find the network even if DNS is unavailable or spoofed.
  • Fixed 37 lines in eleven files (including wam‑cli) that previously suggested running bitcoind and displayed bitcoin‑cli help; now messages refer only to WAM Coin.
  • The update is not mandatory: nodes running v0.1.6 continue to validate the same blocks and connect to the same peers.
  • It is stated that the change does not affect testnet hashrate.

Issues/complaints:

  • The post explicitly says that hashrate is not fixed by this update; no other complaints are expressed.

Overall tone: neutral‑informative, with a slight positive emphasis on increased resilience to DNS spoofing.

2026-09-13 00:11 UTC — 1 new post

Main topic of new posts:

Announcement of the release of v0.1.8 WAM Coin with signed binaries for Windows and macOS, including both node and miner in a single release.

Key news/updates:

  • Signed archives for Linux (x86_64), Windows (x86_64) and macOS (Apple Silicon); a single checksum list and one offline key.
  • No need for WSL, installers or building from source — just unpack the archive and run from the terminal.
  • Compatibility check: each binary synchronized with the test chain from genesis and agreed with Linux nodes at heights 0, 1, 5000 and 6000 (including verification of the 5 % treasury rule at block 1).
  • Release available on GitHub: https://github.com/wam-coin-official/wam-coin/releases/tag/v0.1.8

Issues/complaints: none mentioned.

Overall tone: positive — highlights progress in making mining accessible to ordinary Windows and macOS users.

2026-09-17 00:13 UTC — 3 new posts

Recap of new posts about WAM Coin

Main topic of new posts

WAM Coin announced mainnet launch, published current network statistics and fixed several technical issues related to the mining pool and wallet distribution. The author also responded to project criticism and detailed the bugs that were fixed.

Key news/updates

  • Mainnet launch: WAM mainnet has been running for 12 hours, network hashrate 384, blocks generated roughly every ~2 minutes
  • Pool issue fix:
  • Pool fee: the pool now takes 0 % fee (previously operators profited from miners)
  • Share‑threshold bug: the problem was that the share‑difficulty threshold was calculated with the same formula as the ceiling, causing all miners to get stuck at one price point. Fixed — miners that made 3 shares in 8 hours now receive 6 shares in the first half‑minute after restart
  • Concentration analysis: previously one miner controlled 79.2 % of the shares of the last 48 blocks (reduced to 6 miners). This was due to one operator creating a private pool for solo mining

Issues/complaints

  • Before the fixes: error in the share‑difficulty threshold calculation — all miners waited hours for a single share because the same rule was used for both minimum and

2026-09-21 00:13 UTC — 2 new posts

Main topic of new posts: Discussion of the current state of WAM Coin mining after mainnet launch: hash‑rate concentration in the largest pool, published reward distribution metrics and the release of client v0.1.9.

Key news/updates:

  • Mainnet launched 2026‑09‑15; at height 3 149 the network hash‑rate is ~412 kH/s (RandomX, CPU), difficulty 0.0104, target block time 120 s.
  • Throughout the chain there have been 17 unique miner‑finders, the largest pool found 61.2 % of all blocks.
  • In the last 7 days the largest pool found 72.1 % of blocks, distinct finders = 10; the two largest pools have almost identical hash‑rates (~299 kH/s and ~293 kH/s).
  • In a short window of 47 blocks the largest pool controlled 51.1 % of blocks (the 50 % threshold for applying for exchange listing).
  • The pool address is not the final holder: of 548 addresses that received WAM, 540 are final recipients, the largest of which holds 25.8 % of all received funds.
  • Client v0.1.9 released (optional update), which sets nMinimumChainWork on mainnet, protecting nodes from forged history; older versions accept the same blocks without the update.

Issues/complaints:

  • High concentration of mining power in one pool (over 50 % in short windows, 61.2 % overall) creates a risk of reorganization and violates the project condition that a finder > 50 % disqualifies listing.
  • Need to attract additional hash‑rate from other miners to meet listing rules and reduce centralization.
  • No explicit scam accusations, but expressed concern about the current reward distribution and the influence of the large pool on the network.

Overall tone: Neutral with concern — the author presents factual data and emphasizes the need for greater decentralization, without direct accusations.

2026-09-25 00:13 UTC — 2 new posts

Main topic of new posts: Discussion of the pool fee change at pool.wamcoin.org from 0 % to 1 % and a question about the software used for a private pool.

Key news/updates:

  • The fee at pool.wamcoin.org was raised from 0 % to 1 % to match the level of other existing WAM pools.
  • Four pools are already operating in the network (pool.wamcoin.org, wam.ariabrain.com, stratum.cryptopickaxe.co.uk and a forthcoming fourth), considered an achievement for the project in its first month.
  • The change requires no action from miners; everything continues to work as before.

Issues/complaints: No explicit complaints or problems; the fee increase is presented as a neutral business decision.

Overall tone: Neutral‑informative, with a slight positive note regarding the development of pool infrastructure.

2026-09-29 00:11 UTC — 2 new posts

Main topic of new posts: Developer Waleed Al80 announced the availability of solo mining for WAM Coin and simultaneously published his own pool for the network, placed in the project repository.

Key news/updates:

  • Miner wam-miner version 0.1.10 released with --solo mode (mining directly against a personal node via getblocktemplate) and --check mode to verify block validity without hashing.
  • The miner works on Linux, Windows and macOS; each build launches a regtest node and performs --check to confirm build correctness.
  • The repository now includes a pool under pool/ written in Node.js, using Redis for share and balance storage, a PPLNS payout algorithm, and interaction with wamd via RPC.
  • Documentation docs/POOL_OPERATOR.md provides a step‑by‑step guide for pool operators; an invitation to run own pools and ask questions is included.

Issues/complaints: No problems or complaints were noted in the new posts.

Overall tone: Positive and inviting — focus on miner independence and expanding pool infrastructure.

2026-10-05 00:11 UTC — 2 new posts

Main topic of new posts: Release of version 0.1.11 WAM Coin with a solo‑miner fix and addition of a graphical wallet, plus announcement of the coin’s listing on a decentralized exchange via an atomic swap in the Komodo/GLEEC registry.

Key news/updates:

  • Solo miner fixed: it now stores each piece of work until its base block disappears from the chain, logs unsent blocks and exits with an error instead of a silent crash; the fix was confirmed on mainnet (block 11385 accepted after 97 seconds).
  • Added graphical wallet wam-qt (Linux, Windows, macOS) – a separate downloadable package supporting wallet creation/encryption, sending and receiving; available at https://wamcoin.org/downloads/v0.1.11/
  • WAM Coin entered the Komodo/GLEEC coin registry (22 September 2026) and now trades via atomic swap; the required_confirmations field was changed from 60 to ~15, reducing swap time from ~2 hours to ~10 minutes, with no listing fee charged.
  • Deposit depth remains at 60 confirmations to allow a two‑hour window for deposits, although the swap cancellation window has been reduced to ~30 minutes.

Issues/complaints:

  • Before the fix the solo miner lost roughly two‑thirds of found blocks, resulting in zero revenue over nine hours with the same hardware that on a pool produced several blocks.
  • Reducing the required confirmations for swaps lowers protection against a possible chain‑rewriting attack (the vulnerability window shrank from two hours to about half an hour).

Overall tone: Positive/neutral – emphasis on fixing a critical bug, expanding functionality (GUI wallet) and successful market entry without fees, while noting technical nuances that require attention.

2026-10-09 00:11 UTC — 1 new post

  • Main topic of new post: Mining guide for WAM Coin — how to mine solo or via pools, with hash‑rates, rewards and resource links.
  • Key news/updates:
  • Solo mining block reward is 47.5 WAM (full subsidy after the 5 % treasury deduction).
  • Approximate block‑finding times at different hash‑rates: 3 kH/s → ~2 h, 6 kH/s → ~1 h, 12 kH/s → ~35 min.
  • Three public pools each with a 1 % fee: pool.wamcoin.org:3333, wam.ariabrain.com:3333, stratum.cryptopickaxe.co.uk:6040 (all PPLNS).
  • For solo mining you need your own node with server=1 and a miner with the --solo flag (v0.1.11 or newer).
  • Step‑by‑step guide: https://wamcoin.org/mine/ and live explorer: https://explorer.wamcoin.org
  • Issues/complaints: None listed.
  • Overall tone: Positive — the author provides useful information for miners, emphasizing simplicity and availability of options.

2026-10-13 00:11 UTC — 2 new posts

  • Main topic of new posts: Discussion of mining methods (solo and pools) and announcement of bounty payouts for discovered code vulnerabilities.
  • Key news/updates:
  • A mining guide was published: solo mining is available starting with version v0.1.11, requires a personal node with server=1 and the --solo flag; approximate hash‑rates and expected block times are listed.
  • Four public pools have been launched (including the official pool.wamcoin.org:3333 with a 1 % fee), all responded to Stratum connections on the day of publication.
  • Two community members (Alboy and chovy) each received 10 000 WAM for finding and describing bugs in the pool and consensus; the fixes were incorporated and documented in SECURITY.md.
  • Total treasury payouts amounted to 20 000 WAM.
  • Issues/complaints: No complaints or critical remarks were expressed; only the lack of a market price was noted as a fact.
  • Overall tone: Positive/neutral — focus on network functionality, transparency of payouts and gratitude for community contributions.