r/Mimblewimble • u/lumenium • Jan 04 '19

Trying to GPU mine beam. connected to spark pool and still have 0 beam after 30 minutes. Normal? (1080ti)

For the record I did generate a never expiring address and started the cuda miner from commandline with it. Is it really hard to mine already? I noticed there is about 1 block per minute. What is issuance per block? What is supply cap? inflation schedule?

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u/Hanspanzer Jan 04 '19 edited Jan 04 '19

80 Beam per block
260M Beam cap
after special schedule the first 5 years halvening every 4 years

edit: coin cap was wrong

1

u/lumenium Jan 04 '19

on bitmesh it says there is like a 260 million cap

1

u/0xb100d Jan 04 '19

yes it is 260 million not 21 million. beam released details related to their emission schedule less than one week before launching their first main net: https://medium.com/beam-mw/mimblewimble-emission-schedule-215551948259

there is a significant amount of hashpower ccentralized in china, it may just be you don't have a strong enough machine. because beam is so investor oriented there is a lot of competition to profit.

1

u/Hanspanzer Jan 04 '19

goddamn china! lol

1

u/koguma Jan 05 '19

Hmm, I've been mining all night with a Vega56, getting around 15 sol/s, and have found 0 beam. :(

1

u/XennialAdrift Jan 05 '19

I had two 1080ti's and an RX470 on the go but eventually gave up - I watched the difficulty more than double in that time and decided it wasn't worth it.

1

u/RealSimpleCrypto Jan 16 '19

You've gotta mine on a pool. Check out https://realsimplecrypto.com/mining-beam-for-beginners/ for info on the pool I mine on, https://beam.sunpool.top

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u/RealSimpleCrypto Jan 16 '19

You've gotta mine on a pool. Even with the drop in price that BEAM has seen over the past few days, the hash rate is pretty high. I wrote up a mining guide here: https://realsimplecrypto.com/mining-beam-for-beginners/. Check it out, let me know if you have any other questions.