What is bee coin mining?

The Bee network is a decentralized infrastructure. It uses blockchain technology whereby its native token is used to power the platform. However, before we get to know more about Bee coin mining, we will look at how this cryptocurrency operates in general. Those who wish to join the Bee network are required to have a referral.

Is the Bee coin worth anything?

At the moment, there is no monetary value attached to the coin but there are plans to change that in the future. Amazingly, the Bee network has 7 million users in less than 4 months of existence. That’s huge, don’t you think? Keep reading to learn more about the Bee network and its Bee coin. Click on any item above to read its contents immediately.

Who is considered a miner in bee?

Every player in the Bee network is considered a miner, as they have the opportunity to mine for tokens within the network at a base rate. They will be required to log into the platform every 24 hours to start the Bee crypto mining process. The next player in the scene is the referrer. All mines have the possibility of being referrers.

What determines the supply of bee coin?

The number of network users determine the supply of Bee coin. When the network was first launched, the coin was mined at 1.6 Bee/hr. By the time the user base increased to 100,000, the mining rate halved to 0.8 Bee/hr. It further halved to 0.4 Bee/hr. at 1 million users (which is where we are now).