Sprouting Bitbean is 10X more profitable than mining - page 2.

abhiseshakana

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Quote from: jerry0 on March 22, 2019, 10:25:48 PM

What does that mean get 5x block in two months with 100000 beans? How much beans is that when you say 5x per month?

Don't you know the block reward from sprouting is always 1000 beancash? So when I said there is 5x block reward in two months it's mean you will get 5000 beancash rewards in total from (24/7) sprouting within two months (12 days for each block rewards). Your chance of getting block rewards depends on your balance and sprouting difficulty, you can calculate it here https://sproutingcalculator.com/

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Wait so if you use your regular computer for this and have it turned on while you do other things, this will increase your electricity by a lot? Thus sprouting uses lot of energy on your computer?

Sprouting doesn't consume much energy but if you can reduce the electricity cost by turn off the display, why not.

jerry0

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What does that mean get 5x block in two months with 100000 beans? How much beans is that when you say 5x per month?

Wait so if you use your regular computer for this and have it turned on while you do other things, this will increase your electricity by a lot? Thus sprouting uses lot of energy on your computer?

abhiseshakana

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Quote from: jerry0 on March 22, 2019, 01:03:32 PM

okay so can someone give me the steps to sprout bitbean?

How much minimum bitbean would i need? Would i need at least 100000 bitbean?

There is no minimum balance to start sprouting, but the best way to increase your odds of getting block reward (1000 beancash) quickly by putting more bitbean in your wallet. With 100000 beans you should get 5x block reward in two months.

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So if i have that much and have my computer on 24/7, how much bitbean would i earn a month? And in a year i earn 12x it right? But are there like high electricity cost or anything like this with this program open all the time? Is it fine if you use your regular computer that you do everything on it or its better to use a separate computer?

If you have an old laptop/notebook, you can use it for sprouting and you can reduce your electricity cost by turn off your laptop display or you can buy cheap VPS to run the sprouting wallet 24/7.

jerry0

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okay so can someone give me the steps to sprout bitbean?

How much minimum bitbean would i need? Would i need at least 100000 bitbean?

So if i have that much and have my computer on 24/7, how much bitbean would i earn a month? And in a year i earn 12x it right? But are there like high electricity cost or anything like this with this program open all the time? Is it fine if you use your regular computer that you do everything on it or its better to use a separate computer?

Also assuming bitbean stays same price the entire time, wouldn't you be earning interest so to speak on it? And if you how much percentage?

So if someone buys 1 million bitbean, they could make decent money doing this by sprouting it assuming the price stays the same? Because that would be a nice way to make passive income.

dragonmike

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Quote from: ZombieWorm on March 21, 2019, 05:23:14 PM

Quote from: MagicSmoker on March 13, 2019, 05:56:20 AM

I use an old laptop for my wallets and set the screen turn-off time when not being used to 5 minutes so it consumes hardly any power - maybe 20W-40W or so.

I like the idea of the PoS coins but this really gets ones goat up when people in the space bang on about energy waste and how PoW is demonised (not you MagicSmoker, but thanks for reminding me about this rant). This example is leaving a machine on round the clock to stake and consuming energy just for that purpose...

Really strange as its around half of what a 1060 can draw that full tilt mining (well on a light algo like phi etc you can go conservatively get under 80w) so in a nutshell not really saving the planet is it?

Think about the fact that staking takes literally zero computing power, so you can run several wallets on one machine and still draw very little power. Nobody says you have to use one PC per wallet... So get yourself a few staking wallets, install them on a PC that's on all the time by default (server, HTPC, whatever) and profit. Simple.

Cellerex

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Guys, there are thousands of alternative mining methods. POS is nice, of course, but the concept that the developer of Sound Money Coin offers I like more. The coin is already being traded on the exchange. Today, you can get a coin by spending a penny. Look, you will not regret!

ZombieWorm

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Quote from: MagicSmoker on March 13, 2019, 05:56:20 AM

I use an old laptop for my wallets and set the screen turn-off time when not being used to 5 minutes so it consumes hardly any power - maybe 20W-40W or so.

I like the idea of the PoS coins but this really gets ones goat up when people in the space bang on about energy waste and how PoW is demonised (not you MagicSmoker, but thanks for reminding me about this rant). This example is leaving a machine on round the clock to stake and consuming energy just for that purpose...

Really strange as its around half of what a 1060 can draw that full tilt mining (well on a light algo like phi etc you can go conservatively get under 80w) so in a nutshell not really saving the planet is it?

jerry0

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Okay so to do this, you need minimum 100000 beancash? Or is 10000 too little?

Okay if you have 100000 beancash to do this, how many would you get a month on average if you have your computer on 24/7? If you have it on 12 hours a day then its half that right? But does this increase your electricity by a lot or anything like this?

So what if someone has 1 million beancash? Of course that isn't even lot of money because of how much its worth now. So if they have it on all year 24/7, they expect to earn how much beancash? So basically assuming beancash stays same price the entire year, they are basically earning interest off of this? So how much percent interest is this roughly in a year if it being on 24/7? Say 1 million beancash... you earn how much per month and how much per year? Because if it stay same price, isn't this better than money in the bank so to speak?

MagicSmoker

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Quote from: jerry0 on March 13, 2019, 02:24:29 AM

How much beans are you getting a week or month with the 10000 beancash you have? Im curious but does using the wallet to sprout so to speak use a lot of electricity or anything like that?

So if you have your computer on at least 12 hours a day, that is not enough to sprout the bean? I checked the site and it seem you earn 250 beancash for every 10000 beancash every month according to that calculator. But that is incorrect? Thats only if you have your computer on 24/7 for an entire month? So if only 12 hours a day everyday, you get 125 beancash a month?

Incorrect six ways to Sunday.

Block reward from staking (sprouting) is 1000 BeanCash, so if the calculator says you'll make 250 BITB/BEAN per month then it will take you, on average, 4 months to receive a stake (sprout). Assuming the wallet is open 24/7, that is.

If the wallet is only open 12 hours per day then it will take twice as long to receive a sprout (again, a statistical process). Consequently, the larger the number of BITB/BEAN in your wallet the more accurate the sprouting calculation tends to be. I use an old laptop for my wallets and set the screen turn-off time when not being used to 5 minutes so it consumes hardly any power - maybe 20W-40W or so.

jerry0

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How much beans are you getting a week or month with the 10000 beancash you have? Im curious but does using the wallet to sprout so to speak use a lot of electricity or anything like that?

So if you have your computer on at least 12 hours a day, that is not enough to sprout the bean? I checked the site and it seem you earn 250 beancash for every 10000 beancash every month according to that calculator. But that is incorrect? Thats only if you have your computer on 24/7 for an entire month? So if only 12 hours a day everyday, you get 125 beancash a month?

michellee

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Quote from: abhiseshakana on March 12, 2019, 10:45:33 PM

Quote from: jerry0 on March 12, 2019, 12:57:51 PM

Okay so what is the official beancash wallet? So don't bother keeping it in an exchange then?

Wait so you mean have my computer turned no as long as possible and the wallet as well to sprout the beans? What exactly is sprouting? So we can get more beancash by having the wallet opened or something? Example you have 10000 beancash. You keep your computer on for 12 hours a day with the wallet open, what do you get after a day, a week, a monmth?

Sprouting is staking .. so you need numerous beancash balance in your wallet and it requires 6 hours for the balance to mature (after the coins transfer to your wallet) before using it for sprouting. More mature balance that you hold, more reward you can get.

To calculate the sprouting reward, you can visit this link https://sproutingcalculator.com/

I already visit the website, and I see that we need more than 100k if we want to earn a big bean, and I tried with 10k, and it's only getting a very small bean. We need to wait for a year or more before we can earn nice amount and I think we need to rent a VPS which could stay online in 24 hours a day. If we use a personal computer, I think we can use an old computer which we don't use it for anything so we could try to sprout the bean.

abhiseshakana

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Quote from: jerry0 on March 12, 2019, 12:57:51 PM

Okay so what is the official beancash wallet? So don't bother keeping it in an exchange then?

Wait so you mean have my computer turned no as long as possible and the wallet as well to sprout the beans? What exactly is sprouting? So we can get more beancash by having the wallet opened or something? Example you have 10000 beancash. You keep your computer on for 12 hours a day with the wallet open, what do you get after a day, a week, a monmth?

Sprouting is staking .. so you need numerous beancash balance in your wallet and it requires 6 hours for the balance to mature (after the coins transfer to your wallet) before using it for sprouting. More mature balance that you hold, more reward you can get.

To calculate the sprouting reward, you can visit this link https://sproutingcalculator.com/

jerry0

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Quote from: dragonmike on March 01, 2019, 07:31:09 AM

All I can say is I've been sprouting beans ever since I bought and had my wallet open. Daily.

The only shame is that the coin has lost a lot of value since last summer and the staking hasn't compensated for the price drop.

But oh well, that's the same picture everywhere. We're all waiting for the bull market to come back...

How much are you getting by sprouting? Example you have 5000 or 10000 bitbean. So you sprout it but how much you get a week or month? So you telling me if you sprout it... say with 10000 bitbean... after say a month, you can get 10 or so? Im randoming thinking of a number.

jerry0

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Okay so what is the official beancash wallet? So don't bother keeping it in an exchange then?

Wait so you mean have my computer turned no as long as possible and the wallet as well to sprout the beans? What exactly is sprouting? So we can get more beancash by having the wallet opened or something? Example you have 10000 beancash. You keep your computer on for 12 hours a day with the wallet open, what do you get after a day, a week, a monmth?

xxcsu

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Quote from: jerry0 on February 10, 2019, 02:00:28 PM

Im bit confused here. So if you have beancash, you could store it in a wallet to get more beancash? Something similar to like waves where they give out rewards etc?

You need to have your beancash wallet open 24/7, or as much time as possible, this way you are "sprouting" your beans.
You can find a Bean Cash Sprouting Calculator HERE

Quote from: jerry0 on February 10, 2019, 02:00:28 PM

Also thoughts on beancash? I bought a while back and the price has dropped huge already.

Every coins price dropped huge in the past year

BTC from 20000$ to 3900$
ETH from 1300$ to 130$
ETC from 40$ to 4.5$
LTC from 300$ to 52$
BCH from 3500$ to 133$
BITB from 0.027$ to 0.000794$ ( BeanCash )
.....and more and more and more ...
as of Marc-03-2019

Quote from: jerry0 on February 10, 2019, 02:00:28 PM

Also thoughts on beancash?

My thoughts on beancash and on all other coins are HERE

MagicSmoker

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Quote from: dragonmike on March 09, 2019, 09:29:48 AM

Quote from: MagicSmoker on March 09, 2019, 08:35:16 AM

Lol... I finally got a sprout on my original 5000 BITB after a year. Too bad I need to get 10 more sprouts just to break even. Roll Eyes

...
Well, at least you know you did everything correctly!
Basically your holding just increased by 20% in a year, what are you complaining about? Grin

Tbh the problem with staking and sprouting with smaller coins is that they just cannot sustain their own inflation. Add a nice bear market on top of it and you've got your little personal disaster! Cheesy

Yeah, a similar thing happened with TrezarCoin, but at least they are developing a use case called TrezarTravels; BitBean or BeanCash or whatever the fuck this disaster is called has absolutely nothing going on except inflation. Bring on the Weimar Republic style wheelbarrows to carry around $100 worth of BEAN.

Meh, I'm feeling a bit salty these days because my last running mining rig decided to start throwing a bunch of Kernel Power errors and it's been a year since I had to mess with pixel clock patcher and all the other fun stuff that goes along with getting AMD cards to mine.

dragonmike

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Quote from: MagicSmoker on March 09, 2019, 08:35:16 AM

Quote from: MagicSmoker on October 03, 2018, 05:01:52 PM

I bought 5000 BITB in two lots of 2500 back in March and February, spending around $38 total, IIRC. It's now worth $16 and I haven't received a single sprout in all that time...

Lol... I finally got a sprout on my original 5000 BITB after a year. Too bad I need to get 10 more sprouts just to break even. Roll Eyes

Crypto - the dotcom bubble 2.0

Well, at least you know you did everything correctly!
Basically your holding just increased by 20% in a year, what are you complaining about? Grin

Tbh the problem with staking and sprouting with smaller coins is that they just cannot sustain their own inflation. Add a nice bear market on top of it and you've got your little personal disaster! Cheesy

MagicSmoker

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Quote from: MagicSmoker on October 03, 2018, 05:01:52 PM

I bought 5000 BITB in two lots of 2500 back in March and February, spending around $38 total, IIRC. It's now worth $16 and I haven't received a single sprout in all that time...

Lol... I finally got a sprout on my original 5000 BITB after a year. Too bad I need to get 10 more sprouts just to break even. Roll Eyes

Crypto - the dotcom bubble 2.0

dragonmike

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All I can say is I've been sprouting beans ever since I bought and had my wallet open. Daily.

The only shame is that the coin has lost a lot of value since last summer and the staking hasn't compensated for the price drop.

But oh well, that's the same picture everywhere. We're all waiting for the bull market to come back...

jerry0

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Any future with bitbean or beancash as now its called?

Topic: Sprouting Bitbean is 10X more profitable than mining - page 2. (Read 20087 times)