Heat oil in a large Dutch oven. Sprinkle beef cubes with salt and pepper, then coat with flour. Brown the beef in the Dutch oven. Work in batches and do not over crowd the pan. Add more oil when needed.
Remove the beef from the Dutch oven and place into a large crock pot.
Add the carrots, potatoes, onion, and mushrooms.
Add the beer, beef broth, paprika, hot sauce, thyme, salt, and pepper.
Cover and cook on high for 4 to 5 hours or low for 8 hours.