In this start mining guide, you will learn about Beam and how to mine beam.
What is Beam?
Beam is an anonymous cryptocurrency based on the Mimblewimble privacy protocol. Grin uses the same protocol, that's why the two coins are often mentioned together.
The main Mimblewimble feature is the ability to get rid of the major part of data about old transactions. This feature lets the blockchain remain private and light, so users don't have to spend several days to download it.
Beam developers point out other advantages of their cryptocurrency. It's user-friendly, has a capped coin supply and was launched without funds from ordinary people, that is without ICO.
How to mine beam?
So before we start this tutorial, I have two tips for making the most out of your mining experience. First make sure you have the latest drivers for your GPU's. Secondly, the most mining software will get flagged as a virus from virus scanners. Because of this, if your mining on your normal everyday use or gaming computer that has an antivirus installed, you will want to exclude the mining software from the antivirus
Beam Mining
Beam works on Beamhash – a modified PoW algorithm for Equihash 150.5 mining. One block is created approximately every minute. Each block is about 1MB and contains around 1,000 transactions. Since the network is encrypted, Beam is mined using an SSL connection.
What To Use For Beam Mining.
GPU Hashrate
While the network is protected against ASICs, mining will be available only on GPUs. Nvidia and AMD with at least 4 GB memory will work, although GTX 1060 with 3 GB can also mine Beam for now. Here's the performance of different GPUs.
Nvidia Beam Hashrate:
Nvidia GTX 1050 Ti 4 GB – 8.5 Sol/s
Nvidia GTX 1060 3/6 GB – 14 Sol/s
Nvidia GTX 1070 8 GB – 24 Sol/s
Nvidia GTX 1070ti 8 GB – 28.5 Sol/s
Nvidia GTX 1080 8 GB – 31 Sol/s
Nvidia GTX 1080 ti 11 GB – 41 Sol/s
Nvidia GTX 1660 6 GB – 14 Sol/s
Nvidia GTX 1660 ti 6 GB – 16 Sol/s
Nvidia RTX 2060 6 GB – 26 Sol/s
Nvidia RTX 2070 8 GB – 32 Sol/s
Nvidia RTX 2080 8 GB – 41.5 Sol/s
Nvidia RTX 2080 ti 11 GB – 48.2 Sol/s
And here is AMD Beam Hashrate:
AMD RX 470 4/8 GB – 7 Sol/s
AMD RX 480 4/8 GB – 10 Sol/s
AMD RX 570 4/8 GB – 10 Sol/s
AMD RX 580 4/8 GB – 11 Sol/s
AMD RX 590 8 GB – 14 Sol/s
AMD Vega56 8 GB – 18 Sol/s
AMD Vega64 8 GB – 20 Sol/s
AMD Radeon VII 16 GB – 24 Sol/s
GPU Setup For Beam Mining
If you have Nvidia or AMD graphics cards, we recommend using lolMiner. Bat file is presented below.
lolMiner.exe --algo BEAM-III --pool beam.2miners.com:5252 --user YOUR_ADDRESS.RIG_ID --pass x
NiceHash And MiningRigRentals Settings For Beam Mining
You can also earn Beam without rigs thanks to hashing power rental services. Here are settings for Nicehash.
Algorithm: BeamV3
Pool Host: beam.2miners.com:5353
Workername: YOUR_ADDRESS
Password: x (!LETTER 'X'!)
Here are settings for MiningRigRentals.
Algorithm: Equihash 150,5
Pool Host: beam.2miners.com:5252
Workername (-u): YOUR_ADDRESS
Password (-p): x (!LETTER 'X'!)
