After the Beam mainnet went live, the computing power skyrocketed, or because of the participation of Ethereum miners
At 10:00 p.m. on January 3, the recently popular privacy coin project Beam mainnet was officially launched, attracting many small coin mining players.
The picture is taken from
The picture is taken fromBeam Blockchain Explorer
As can be seen from the figure above, within 41 minutes of the launch of the Beam mainnet, the computing power of the network continued to increase, and the number of blocks produced on the network once rose from 65 blocks per minute to 151 blocks. However, as the difficulty of the network is adjusted, the speed of block production drops rapidly. According to Wang Fuqiang, a partner of the BitMesh exchange who has been following Beam all the way, the computing power of the Beam network has risen from 30,000 Sol/s at the beginning to more than 1 million Sol/s.
As for the reason, Wang Fuqiang believes that these computing power may come from Ethereum miners or even graphics card miners that have been shut down.
Because the price of Ethereum continues to slump, many graphics card miners choose to shut down. However, recently, privacy coins based on the MimbleWimble protocol have become popular, and many miners may want to take this opportunity to turn against the wind. The Ethereum network will usher in a fork on January 16. At that time, the block reward will be reduced from 3 Eth to 2 Eth, and the income will drop by 1/3. This also prompts many miners to actively look for new mining targets.
Of course, the computing power of the Beam network is much lower than that of the Zcash network, which is also based on the Equihash algorithm. according toZchaThe current computing power of Zcash exceeds 100 million.
image description
The picture is taken fromBeam Blockchain Explorer
In the secondary market, Beam has also begun to circulate through the exchange BitMesh and over-the-counter transactions.
BitMesh operated by Wang Fuqiang's team is one of the few exchanges that has launched Beam. according toBitMeshThe picture is taken from
The picture is taken fromBitmesh
As for the sale of 1 BTC, Wang Fuqiang said that some miners might be hyping it up. Compared with the 80,000 Beams that have been dug up, Beam currently traded on the exchange is considered a minority.
As for the problems that occurred at the beginning of the launch, an industry source who did not want to be named said that currently only two mining pools, the Spark Pool and the Bee Pool, are mining Beam. Previously, F2Pool announced that it would support miners to mine Beam, "but actually did not enable mining".
Spark Mining Pool has been testing to mine Beam a long time ago. "Bee Pool did it relatively late. Within 2 hours after the launch of the Beam mainnet, Bee Pool continuously dug 200 orphan blocks."
Hu Qingquan said that an orphan block is a block that has not found a suitable solution and has not been successfully synchronized with the main chain. There were also a large number of orphaned blocks when Ethereum was first launched, but the project rewarded miners who dug out orphaned blocks. As of now, it is not known that Beam has rewards for orphaned blocks.
The implication is that miners who follow the bee mining pool to dig out orphaned blocks may not be rewarded.
