Installation is like installing any Windows program. We are just going to use the windows GUI with only CPU miner in this tutorial, since it has been reported that outside miners can achieve better performance. There are wallets for Windows, Mac and Linux, as well as wallets with built in miners, and their own mining software. Since these addresses are not permanent to increase privacy, for mining we will need to generate an ID and set it to never expire. This feels a lot like the cryptocurrency experience we are used to. Because this is a very different system than everyone in cryptocurrency is used to, Beam has IDs that is how you connect wallets to each other. One of the biggest design differences is there are not suppose to be any addresses in the system, and the wallets communicate (they do not have to be online) with each other to send crypto. The reason were covering a wallet setup in this tutorial is because the mimblewimble protocol coins are designed much differently when compared to the other cryptocurrencies. In this tutorial we are also going to show the wallet setup process. I then exclude the top level folder from the antivirus and that excludes all the mining software. What I like to do, is I make one folder and then put all of my mining software in sub folders. 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. Secondly, most mining software will get flagged as a virus from virus scanners. First make sure you have the latest drivers for your GPU’s. So before we start this tutorial, I have two tips for making the most out of your mining experience. Now that we know the details about Beam, let’s get to mining some BEAM! Some General Mining Tips

The main differences from the users perspective is Grin allows for IP, file and address based transactions, while beam uses temporary ID’s that help wallets communicate with each other, and has the ability to create permanent ID’s since regular ID’s change after each connection to a wallet, to increase privacy. Beam is a lot different in architecture of the system, compared to Grin.

You might have heard about Grin, which was the second cryptocurrency to come out with a version of the mimblewimble protocol. I suggest everyone who wants to mine this coin, reads our article, since it talks about how they are able to accomplish this, as well as how this differs from Monero and ZCash.īeam is using the Equihash 150/5 protocol, is written in C++ and is open to allowing ASICS at some point.

Scalability, and reduced blockchain size.Their is a lot of information about this protocol but the main points are: Beam is the first coin to launch that incorporates a version of the mimblewimble protocol.

Best coin mining for beginners