How to Mine Beam (BEAM)? Complete Beginner’s Guide

3 min readOct 8, 2020

Confidential, fast, easy to use

Leading the way to confidential DeFi

About Beam:
- Implementation built from scratch of the Mimblewimble protocol
- Open source code written in C++
- Modified Equihash mining algorithm
- Funded through a treasury model
- Capped emission: 262 million

Confidentiality

All transactions are private. No information about transaction participants is stored in the blockchain.

Versatility

“Scriptless Script” technology allows implementation of a wide variety of transaction types beyond simple transmissions of value; for example, atomic swapping, escrow, and time-locked transactions.

Opt-in auditability

To comply with relevant regulations, a wallet can be configured to attach digitally signed documentation (eg invoices or contracts) to all transactions in a cryptographically unforgeable way. In turn, specific auditors can be granted permission to inspect the complete list of transactions along with all the attached documents.

Confidential assets

Мultiple asset types (eg real estate tokens, corporate debts and simply new currencies) can be created and exchanged via BEAM confidential transaction mechanisms.

Scalability

The “cut-through” feature of Mimblewimble helps to avoid excessive computational overhead, making the BEAM blockchain orders of magnitude smaller than any other blockchain implementation.

Sustainability

Open source, implemented from scratch, community-governed, and backed by the Beam Growth Pool: 20% of block mining rewards goes to this pool to incentivize development and promotion of BEAM.

Usability

A wallet for desktop and mobile, designed to support day-to-day usage for both individual and small business users. The built-in dashboard makes budget management easy, featuring actionable spend and earning insights.

Compatibility

An industry-proven Equihash algorithm was selected to ensure broad adoption by existing GPU miners. BEAM comes with an extensive set of tools for running and managing mining nodes.

Enjoy the Code: https://github.com/BeamMW
Website: https://beam.mw/
Reddit: https://www.reddit.com/r/beamprivacy
Discord: https://discord.com/invite/BHZvAhg
Telegram: https://t.me/BeamPrivacy

Now that we know the details about Beam, let’s get to mining some BEAM!

Beam (BEAM) Mining Pool: Those who have no idea about mining can easily start mining by watching this video.

Step 1 — Create Beam (BEAM) Wallet Address

Before you Start Mining, you need a wallet address. There are various options for having an BEAM wallet.

Wallet: https://beam.mw/downloads/mainnet
Exchange Wallet: Binance, Gate.io, HotBit, TradeOgre

Step 2 — Download Mining Software

There are many miner applications where you can mining Beam. Below we have explained in detail how to organize them.

Step 3 — Edit the bat File

lolMiner v1.23+ (Windows, Linux, AMD)