oraclize 'VM Exception: invalid JUMP'

Question

Here is my smart contract that uses oraclize to buy bitcoin with ether.

pragma solidity ^0.4.0;

import "https://github.com/oraclize/ethereum-api/oraclizeAPI_0.4.sol";

contract BuyBitcoin is usingOraclize {

    address owner;
    string public temp;


    function BuyBitcoin() {
        owner = msg.sender;

        OAR = OraclizeAddrResolverI(0x51efaf4c8b3c9afbd5ab9f4bbc82784ab6ef8faa);
        update();
    }

    function __callback(bytes32 myid, string result) {
        if (msg.sender != oraclize_cbAddress()) throw;
        result;
    }

    function update() payable {
        oraclize_query("URL", "json(https://www.shapeshift.io/shift).orderId", '{"withdrawal":"3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy", "pair":"eth_btc" , "amount" : 1000}');
    }

    function kill(){
        if (msg.sender == owner) suicide(msg.sender);
    }

}

Update :

I'm sending 0.01 ether as part of transaction

I can compile the contract but when I attempt to run the update function I receive 'VM Exception: invalid JUMP'

Have I omitted something with my contract ?

and using Javascript VM :

Have I missed a step ?

I'm using metamask and have ether in account :

Answer 1

It may be a bit late to get an answer for this. Probably you might be having an answer with you.

So here's my take on this problem. when you use solidity version ^0.4.0 and try to send value to the contract, 0.01 Ether in your case, you must use the default function provided in the solidity and use payable keyword as well.

This issue is most commonly being faced for those, who try to pull off similar stuff. Try doing that once.

Hope the observation helps.

Thanks.