Diemaster 2 is a Lenox blade
http://www.bandsawbladesdirect.com/product_info.php/cPath/21_25/products_id/34
As Rob mentions it's possible to strip teeth off a blade.
The rule of thumb is 3 teeth per thickness of stock.
so on 1/8" stock that's 3x8=24 TPI
1/4" 3x4= 12 TPI
Generally I use 18 TPI as a good compromise
If you're pressing hard on a to coarse blade the teeth could strip
Check the speed you are on, I forget the SFPM but the fastest pulley belt combo is too fast.
Try the slowest speed, in this case "slow is smooth and smooth is fast"
It's possible with high speed and high pressure you are work hardening your blade material.
I use a pump oil can to keep the cut cool.
And be sure you install the blade with the teeth down, it's possible for the blade to turn inside out and install it upside down.