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Topic: [ANN] BEAM | Mimblewimble | Private | Scalable | No ICO | No Pre Mine - page 51. (Read 77231 times)

legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
I messed around on Sparkpool and mined a single, 1 BEAM.    Sent payment to my wallet. It never shows up.     Here's the issue with the BEAM wallet i have found.  

1) If you mine to an address that expires, will never arrive
2) If you delete a created payment address, payment will not come to the deleted address even though it was initially created in your same wallet.
3) If you have to restore from seed while mining, you can no longer receive the mining rewards in your mining account because you cannot re-create the same addresses you were mining to after you restore the wallet with the seed.

In my instance, I had created about 10 non expiring addresses to mine on several pools, ended up deleting several of them that I didnt end up using, and copied a deleted address to my batch file I was using to mine with by mistake (instead of one of the active ones).    Again, it was just 1 BEAM, but it clearly shows that if you delete the address, you can't get them back.   On sharkpool, I have a balance in an address that is no longer on my wallet, so it will never show up.

I have since fixed by using an unexpiring listed address, but a word for everyone to make sure you are mining to an active address on your wallet, and don't restore from seed or you won't get your coins either.     I'm not sure if this is meant to be this way or what.   This has to have happened to others I would think.

This is normal. The mistakes are on your side.
 IF you have read HOW TO USE WALLET instructions before using it, this wouldnt have happened.
And like in all other wallets.. you take a backup of your WALLET.DB file and restoring it after using seed will get back your "never expiring addresses" and all the funds.
So please keep your SEED, Password and the wallet.db file safely (BACKUP)



AFAIK the point of a seed is to not have to backup anything else apart from this single piece of information as the addresses should be derived form the seed. If BEAM enforces users to backup the seed AND the wallet.db then this defeats the point of the seed.
BEAM team please clarify this.



Absolutely correct.
sr. member
Activity: 581
Merit: 253
I messed around on Sparkpool and mined a single, 1 BEAM.    Sent payment to my wallet. It never shows up.     Here's the issue with the BEAM wallet i have found.  

1) If you mine to an address that expires, will never arrive
2) If you delete a created payment address, payment will not come to the deleted address even though it was initially created in your same wallet.
3) If you have to restore from seed while mining, you can no longer receive the mining rewards in your mining account because you cannot re-create the same addresses you were mining to after you restore the wallet with the seed.

In my instance, I had created about 10 non expiring addresses to mine on several pools, ended up deleting several of them that I didnt end up using, and copied a deleted address to my batch file I was using to mine with by mistake (instead of one of the active ones).    Again, it was just 1 BEAM, but it clearly shows that if you delete the address, you can't get them back.   On sharkpool, I have a balance in an address that is no longer on my wallet, so it will never show up.

I have since fixed by using an unexpiring listed address, but a word for everyone to make sure you are mining to an active address on your wallet, and don't restore from seed or you won't get your coins either.     I'm not sure if this is meant to be this way or what.   This has to have happened to others I would think.

This is normal. The mistakes are on your side.
 IF you have read HOW TO USE WALLET instructions before using it, this wouldnt have happened.
And like in all other wallets.. you take a backup of your WALLET.DB file and restoring it after using seed will get back your "never expiring addresses" and all the funds.
So please keep your SEED, Password and the wallet.db file safely (BACKUP)



AFAIK the point of a seed is to not have to backup anything else apart from this single piece of information as the addresses should be derived form the seed. If BEAM enforces users to backup the seed AND the wallet.db then this defeats the point of the seed.
BEAM team please clarify this.

hero member
Activity: 1316
Merit: 546
Monday Hit Me Every week
where i can download the wallet, i trying to download on official website beam but there link doents working actualy ?
hero member
Activity: 1792
Merit: 536
Leading Crypto Sports Betting & Casino Platform
Where this coin can be bought at this moment ? I see discussion where someone wants to sell at $1 that looks nice offer. I just joined telegram but till need time to understand what has been discussed. A coin with such features and lot of positive hype is really cheap at this price and looks good investing opportunity without any doubt.

here for example
https://www.hotbit./exchange?symbol=BEAM_BTC
after we go to coinmarketcap and whattomine
price of this coin be increase, but this is my opinion.

do not use Hotbit
Why?

the majority of their volume is fake.
they have a min cashout of 500Beam
they demanded a fee of 0.3ETH to allow a deposit of 0.23ETH from me.


avoid Hotbit.

Very good reasons, IOU 1+sM

I do not know the details of trading on this exchange. I have not sold a single coin. I just watch the price chart. Thank you for warning about the problem.


+1 to this. i deposited a few BEAM tokens on HOTBIT. the transfer got confirmed and it took so long to even show as pending in my account history so i went to their telegram support group.

the replies of the admins/mods their were very robotic i really thought i was possibly chatting with bots. i opened a ticket about my problem support asked me to screenshot my transactions history and the deposit address of my exchange wallet for BEAM.

when i kept asking on telegram why my deposit did not go thru, they banned me.

AVOID HOTBIT everyone !!!
legendary
Activity: 1288
Merit: 1033
How total supply? cmc write 1 744 160 BEAM. it's really?
copper member
Activity: 328
Merit: 3
Beam me up Scotty!
copper member
Activity: 328
Merit: 3
Beam me up Scotty!
legendary
Activity: 1876
Merit: 1005
I didn't use Hotbit yet so don't know how that use fee for withdrawal. Someone told me that are charging 600 BEAM as fees that is hard to believe as this is too much even at current price. It is very good price just wanted to make sure before reaching at decision whether it is true or not, anyone can put light on this will be welcomed.
member
Activity: 518
Merit: 11
Beam is one of few projects that i keep track on. Hope team will not leave the project on halfway.
legendary
Activity: 1197
Merit: 1000
Guys - for your info - I opened a pool for Beam as well - take a look here: https://www2.coinmine.pl/beam/index.php

feeleep
newbie
Activity: 18
Merit: 0
I messed around on Sparkpool and mined a single, 1 BEAM.    Sent payment to my wallet. It never shows up.     Here's the issue with the BEAM wallet i have found.  

1) If you mine to an address that expires, will never arrive
2) If you delete a created payment address, payment will not come to the deleted address even though it was initially created in your same wallet.
3) If you have to restore from seed while mining, you can no longer receive the mining rewards in your mining account because you cannot re-create the same addresses you were mining to after you restore the wallet with the seed.

In my instance, I had created about 10 non expiring addresses to mine on several pools, ended up deleting several of them that I didnt end up using, and copied a deleted address to my batch file I was using to mine with by mistake (instead of one of the active ones).    Again, it was just 1 BEAM, but it clearly shows that if you delete the address, you can't get them back.   On sharkpool, I have a balance in an address that is no longer on my wallet, so it will never show up.

I have since fixed by using an unexpiring listed address, but a word for everyone to make sure you are mining to an active address on your wallet, and don't restore from seed or you won't get your coins either.     I'm not sure if this is meant to be this way or what.   This has to have happened to others I would think.

This is normal. The mistakes are on your side.
 IF you have read HOW TO USE WALLET instructions before using it, this wouldnt have happened.
And like in all other wallets.. you take a backup of your WALLET.DB file and restoring it after using seed will get back your "never expiring addresses" and all the funds.
So please keep your SEED, Password and the wallet.db file safely (BACKUP)

jr. member
Activity: 251
Merit: 4
need miner for gpu with memory less then 4 gb.
New trend in crypto make cards with less than 8G VRAM useless ... It's sad but seems true
sr. member
Activity: 463
Merit: 256
need miner for gpu with memory less then 4 gb.
legendary
Activity: 1526
Merit: 1012
obvious money grab is obvious, nice graphic sheet tho.
member
Activity: 952
Merit: 17
raskul
Anyone seen a mining profitability calculation for BEAM? Assume its minimal given most big GPU hash is on it?

I think f2pool has a calc, not sure how accurate it is though.
jr. member
Activity: 54
Merit: 2
Anyone seen a mining profitability calculation for BEAM? Assume its minimal given most big GPU hash is on it?
member
Activity: 952
Merit: 17
raskul
Can You PLEASE specify MAX supply and emission in the OP
Do the early ''investors'' really get 20% of the CentralFUND?

No they don't. They get 40% of the treasury fund.


The treasury fund is 20% of all mined coins.

and 40% of that 20% is reserved for the private investors.
I reckon this project has done right. It never pretended to be anything that it is not... it's a startup business and startups need funds. We can all see the sheer amount of work going into this on a daily basis and as far as i am concerned, i can mine and my coins stay in my wallet it's all good. There is always a risk with a DAG like mimblewimble but with the funding this project has, it means they can choose which developers they want to assist when needed. I have every confidence in both grin and beam.
And of course, old skool pools like http://beam.sunpool.top really turn me on... its like 2011 all over again

Does this mean that 8% of all mined BEAM is paid out to the 13 Corporations in the 'Investors' section of the BEAM website every quarter year forever?

Beam is not unlimited supply, so not entirely "forever". The 20% treasury tax is only taken during the first 5 years. This is how I understand it.

you should read the position paper https://docs.beam.mw/BEAM_Position_Paper_v0.2.2.pdf
newbie
Activity: 6
Merit: 0
Can You PLEASE specify MAX supply and emission in the OP
Do the early ''investors'' really get 20% of the CentralFUND?

No they don't. They get 40% of the treasury fund.


The treasury fund is 20% of all mined coins.

and 40% of that 20% is reserved for the private investors.
I reckon this project has done right. It never pretended to be anything that it is not... it's a startup business and startups need funds. We can all see the sheer amount of work going into this on a daily basis and as far as i am concerned, i can mine and my coins stay in my wallet it's all good. There is always a risk with a DAG like mimblewimble but with the funding this project has, it means they can choose which developers they want to assist when needed. I have every confidence in both grin and beam.
And of course, old skool pools like http://beam.sunpool.top really turn me on... its like 2011 all over again

Does this mean that 8% of all mined BEAM is paid out to the 13 Corporations in the 'Investors' section of the BEAM website every quarter year forever?
member
Activity: 952
Merit: 17
raskul
Can You PLEASE specify MAX supply and emission in the OP
Do the early ''investors'' really get 20% of the CentralFUND?

No they don't. They get 40% of the treasury fund.


The treasury fund is 20% of all mined coins.

and 40% of that 20% is reserved for the private investors.
I reckon this project has done right. It never pretended to be anything that it is not... it's a startup business and startups need funds. We can all see the sheer amount of work going into this on a daily basis and as far as i am concerned, i can mine and my coins stay in my wallet it's all good. There is always a risk with a DAG like mimblewimble but with the funding this project has, it means they can choose which developers they want to assist when needed. I have every confidence in both grin and beam.
And of course, old skool pools like http://beam.sunpool.top really turn me on... its like 2011 all over again
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
Can You PLEASE specify MAX supply and emission in the OP
Do the early ''investors'' really get 20% of the CentralFUND?

No they don't. They get 40% of the treasury fund.


The treasury fund is 20% of all mined coins.
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