Beam 2020 Week #51 - Come Mine with Beam
Covering November 14th - December 20th 2020
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Beam News
The last week was an eventful one not only for Beam but the wider crypto industry, particularly with the regulation surrounding it, and proposals for additional. Thanks FinCEN for the Beam shoutout :D
Beam Mining
As always, Beam miners are the ever important component in the Beam Proof of Work consensus. They add transactions to blocks, and keep the chain moving. The Beam chain is secured by GPU miners, with the last hard fork cementing BeamHashIII as the POW algo moving forward. As with any network, decentralisation is paramount, and increasing the accessibility for miners plays a key component in this. With the upcoming increase in the Ethereum DAG size, this leaves those mining with 4GB cards short on the requirements for ETH mining.
All is not lost however, as Beam comes to the rescue! Miners with 4GB cards can jump ship, and start hashing on the Beam network, with 4GB card support (and even 3GB in some cases). And at the time of writing, Beam is among the most profitable coins to mine.
So don’t stand idle. Let your fellow miners know where to point their rigs, and get the Beam network as secure as ever! The best place to check out for mining related resources is on site at https://beam.mw/mining, and https://www.raskul.com.
For mining farms who want to mine on the Beam network but don't want the complications of pool fees, remember Beam has an open source pool software and full how-to guide at https://github.com/r45ku1/beam-mine
An example of this pool software can be seen at https://pool.raskul.com
For those looking to get amongst, jump into the Beam Discord or Miners Chat on Telegram, and propagate your queries to your peers.
Beam Accepted Here
This week in Beam Accepted Here, we bring you MMPOS and Hive OS
Keeping with the mining theme, both MMPOS and Hive OS support payment in Beam. The two operating systems are are built for GPU mining, and supporting the experience for miners the world over. Be sure to check them out!
Research and Development
The development steams ahead with work progressing on both BeamX and the upcoming Eager Electron 5.3 release. The later expected to drop towards the beginning of 2021, and BeamX expected a little later in Q1 2021. You can follow the latest happenings on EE 5.2 on GitHub, and if you look close enough, you’ll see an additional ERC20 pair for Atomic Swaps that’ll no doubt peak your interest! 👀
Community
The latest months we have been working on a Beam Outreach platform to increase Beam awareness and reward individuals for their ongoing efforts in taking Beam to the world. We are now at the stage of opening this up to earlier Beta testers, to help shape the platform, and improve upon what we have before opening in the coming weeks to the wider community.
If you are looking to get involved in the Beta testing of the Beam Outreach platform, reach out to @ansui on Telegram, and let us know why you would be a great fit for Beam Outreach!
More on the community front:
Beam Africa pushed an AMA over the weekend with Onomor Eseoghene, CEO of Raqqu.
Beam will be having a workshop for the Encode Club Hackathon coming up on the 6th of January. More details will come for those looking to join and partake in the workshop.
Beam Doge Atomic Swaps are live in EE 5.2
Sign up, stay tuned, and see you all next week!
Got news or articles to include in these newsletters? Any feedback? Any suggestions?
Drop us a line on marketing@beam.mw or follow us on Twitter.
Ethereum has a daily issuance of about $ 7M worth, while Beam's is close to $ 18K. So if even 1% of Ethereum miners switch to Beam, they'd see their income drop nearly four-fold, and their profitability go way negative. In conclusion, Beam can only absorb a tiny tiny fraction of Ethereum miners.