Beam has completed its second Proof of Work change from BeamHashII to BeamHashIII. The change of mining algo, and additional upgrades, went on without a hitch, exactly as expected. Check out the recap of the fork, along with the team reactions.
Now is the time for Beam miners to get their mining rigs up and running, and find the best and most suitable mining software to mine Beam on the new algo. Our Miner Community Strategy Manager, Raskul, has set up a short survey for miners - as we try to collate a matrix of GPU hashrates, to further inform our community of all viable options and their respective capabilities.
If you are a Beam miner, head on over and complete the survey!
We also want to encourage all miners to ensure the robustness of the Beam network and utilise pools that are doing their part in helping decentralise Beam.
Open Source Pool Software
If you didn’t already notice, there is also a pool software that anyone can run and optimisations have been made immediately after block 777,777.
The open source pool features a plethora of functions like;
Plug and Play: No need for miners to request payouts - they just open their Beam wallet after a confirmed block and their mined Beams will land.
MYSQL Database: Optimised backend database in MYSQL giving you full access to transactions and payouts, with easy manual payout abilities.
Unique shares calculator, BASiC: the payment processor rewards the finder of each block with a variable bonus based on the block-found sharediff.
Find out more about BASiC.
Privacy & Anonymity: the pool does not publish publicly which address is the finder of blocks.
A recent stress test on the software showed great efficiency with the optimised code, it even comes with a dedicated high difficulty port at which a miner can use in conjunction with 3rd party hashrate rental services.
If you are renting large amounts of hashrate from such platforms as NiceHash or MiningRigRentals for any duration of time, you would do very well to use the open source pool software!
So we urge you all, however large or small your mining capabilities, help Beam tend upon its own network health - spread the hashrate to your own pool, or allow smaller pools the chance to compete with larger pools.
Most importantly, you can find the open source and free to use code, with a detailed how-to guide, here: https://github.com/r45ku1/beam-mine
Raskul has the pool code up and in action, so head on over and point some hash his way: https://pool.raskul.com/
If you are using miniZ mining software on your mining rig, your command line is even shorter for this pool! Read more here.
Research & Development
With the latest Hard Fork behind them, Beam devs continue pushing forwards with more exciting updates to look forward to
Work has started on the 5.1 of the GUI wallet. This release will come with Breaking Linkability support, Atomic Swap improvements including SegWit support, automatic fee rate extraction, and much more
Work has started on Beam side chains POC. This will allow the creation of MW chains that run independently, but allow moving Beams and Confidential Assets from the main chain to the side chain and back. This will greatly extend the possibilities for innovation and applications, including different consensus types and integrating various types of smart contracts.
Hardware and Web wallet are in the final stages of testing and will be released to Testnet soon
Work has begun on GhostDAG
A huge week for Beam in the press, with coverage on the Hard Fork, and Beams shift towards our focus on Confidential DeFi that comes with the upgrades. Show your support and like/clap/comment/retweet the great coverage to show the strength of the Beam community!
Beam to Make Its First Move Towards Private DeFi With June 2020 Hard Fork, from Cointelegraph
Beam reboots DeFi - with Privacy, by Cointelligence
Beam将在第二次硬分叉升级中添加对DeFi应用的隐私保护, From PANews
隐私加密货币Beam计划在6月28日硬分叉升级中添加对DeFi应用的隐私保护, From Block Beats
隐私币“Beam”希望重塑去中心化金融 - 找百倍币 上牛币圈 - 牛币圈, by Niubiquan
Beam 已完成 Eager Electron 5.0 网络硬分叉升级, by ChainNews
Beam进展|审计功能开发中! by Virst VIP
Gizlilik Altcoin'i Beam, DeFi Hamlesi İçin Hard Forka Gidiyor, from Kripto Koin
What is Beam (BEAM) Coin? The Complete Beginners Guide, by Cedric Egbon
Let's take a look at this new PRIVACY trend in DeFi, by the Bitcoin Family
BEAM CRYPTO PROJECT REVIEW 2020, by JRNY Crypto
Beam's Upcoming Hardfork Will Pave The Way Towards Private DeFi, from Crypto News Point
Privacy-Focused Crypto, Beam, to Jump Into DeFi With ‘Confidential Assets’ In Upcoming Hard Fork, from the Bitcoin Exchange Guide
Beam’s Hard Fork Plans to Increase DeFi Privacy, by Crypto Potato
Beam set to execute a second major hard fork, from Brave New Coin
Beam completes its hard fork, from The Cryptonomist
Sign up, stay tuned, and see you all next week!
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