Topic: Sprouting Bitbean is 10X more profitable than mining - page 6. (Read 20100 times)
I cannot get the wallet to sync. 0 connections on two rigs.
So, I d/l'ed the wallet about an hour ago and I am only seeing a single connection to the network and even that is spotty. How many peers is your wallet connected to?
Lol, right as I type this I am now connected to 2 peers... Still, the above question pertains.
Lol, right as I type this I am now connected to 2 peers... Still, the above question pertains.
Two days later and my wallet is only about 60% synced up... I've seen slow wallets/blockchains but this is ridiculous. Looks like I am going to have to hunt down the blockchain file and manually d/l it.
I think thats my biggest complaint myself. Once I got the blockchain I backed up the blk0001.dat and txleveldb file so I wouldnt have to go through that again. Its like a pretty woman leading you on. You want her soooooooooooooo bad and she teases you a bit then moves out of reach.... but once you catch her, woo! lol
So, I d/l'ed the wallet about an hour ago and I am only seeing a single connection to the network and even that is spotty. How many peers is your wallet connected to?
Lol, right as I type this I am now connected to 2 peers... Still, the above question pertains.
Lol, right as I type this I am now connected to 2 peers... Still, the above question pertains.
Two days later and my wallet is only about 60% synced up... I've seen slow wallets/blockchains but this is ridiculous. Looks like I am going to have to hunt down the blockchain file and manually d/l it.
So 100,000 beans cost you $1,162.40 (Current price $0.011745) and if it spouts once per week to make 1,000 more beans which is worth $11.745 Correct?
crazy how the price has grown... I remember when I was buying millions of BITB at a time like I was spending monopoly money.
nope, lol. nice try though. good for a laugh!
So 100,000 beans cost you $1,162.40 (Current price $0.011745) and if it spouts once per week to make 1,000 more beans which is worth $11.745 Correct?
HAhaha I was hoping the link would be a video of this guy. You didn't disappoint!
I would say to fear them both then...Bittrex is playing shenenigans with people's deposits alltogether, by instantly locking them up for no reason...Just talked to a friend who's account was locked, and additional docs were asked by Bittrex support. BCT forum is full of such stories. Bleutrade-never heard about. Cryptopia at least works now as opposed to december, when, yes, they halted bean deposits and withdrawal for a month.
I've never had problems with Bittrex. I guess they all have their foibles. Is Cryptopia really working again? their thread is full of folks having new issues.
Cryptopia and Bittrex have been pretty solid for me. Cryptopia dropped their LTC and DOGE markets in December(?) and that seems to have fixed a lot of their speed issues. I hope find a way to get them back. Haven't used Bleutrade either. Will check them out.
I would say to fear them both then...Bittrex is playing shenenigans with people's deposits alltogether, by instantly locking them up for no reason...Just talked to a friend who's account was locked, and additional docs were asked by Bittrex support. BCT forum is full of such stories. Bleutrade-never heard about. Cryptopia at least works now as opposed to december, when, yes, they halted bean deposits and withdrawal for a month.
I've never had problems with Bittrex. I guess they all have their foibles. Is Cryptopia really working again? their thread is full of folks having new issues.
I would say to fear them both then...Bittrex is playing shenenigans with people's deposits alltogether, by instantly locking them up for no reason...Just talked to a friend who's account was locked, and additional docs were asked by Bittrex support. BCT forum is full of such stories. Bleutrade-never heard about. Cryptopia at least works now as opposed to december, when, yes, they halted bean deposits and withdrawal for a month.
I have 2 6 rx580 mining rigs. I also have about 4M Bitbeans on a dedicated "Bean Machine"
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?
I've never heard of it. Can you inbox me details on how to get started? Thanks
Its pretty easy. I bought my first beans on POSW but you can buy some on Bittrex or Bleutrade.
Download the wallet on www.bitbean.org/downloads if on windows its version 1.1.2.2rc
After download it needs to synchronize with the network, this can take a few days unless you can get a snapshot from someone.
after its fully synchronized transfer Beans from exchange wallet to your PC and let them sit. depending on how many you buy it can help if you send them in the amount of blocks that would optimize sprouting. Example: you have 100k beans, send ten 10,000 Bean blocks, if a million then ten 100k blocks. You can also adjust this in Bean control.
We have a community chat on matter most, PM your email and I can invite you.
I'd previously been curious about BitBean / Bean Cash before I started mining. Might take a gander at it now that you say they can be bought on POSW just to see what it can do. Didn't realize that. Can I buy them with POSW or did you still buy them with BTC? Any feedback would be appreciated. I don't see how I can do this in my POSWallet.
Oh its been a really long time since I was on POSW, I was just saying thats where I first found i tand noticed in was increasing faster than POSW. Now you can buy from Bittrex of Bleutrade. Stay away from Cryptopia, too many problems.
Interesting. Have you been on POSW since they put out their new wallet in the fall? We all know they had big issues in the summer but they've gotten back on track, as far as I can see. What kind of probs have you had with Cryptopia? Withdrawals? I've used them semi regularly since I got into the space last summer and haven't had any issues (at least in comparison to Etherdelta, Bitfinex, Coincheck, etc).
nope, I sold off my 5000 POSW and bought more Beans. Their staking rewards were sickly, just anemic. I never looked back.
Cryptopia is playing shenanigans with the Bean wallets. Bittrex or Bleutrade are the good exchanges for Bean.
I have 2 6 rx580 mining rigs. I also have about 4M Bitbeans on a dedicated "Bean Machine"
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?
Initial investment in Bitbean: about 2000$ (April last year)
Initial investment in rigs: about 6000$
I use my mining payouts to buy Beans: 4000-5000 Beans each week worth.
I sprout 40,000-60,000 Beans each week.
Why isn't everyone doing this?
I've never heard of it. Can you inbox me details on how to get started? Thanks
Its pretty easy. I bought my first beans on POSW but you can buy some on Bittrex or Bleutrade.
Download the wallet on www.bitbean.org/downloads if on windows its version 1.1.2.2rc
After download it needs to synchronize with the network, this can take a few days unless you can get a snapshot from someone.
after its fully synchronized transfer Beans from exchange wallet to your PC and let them sit. depending on how many you buy it can help if you send them in the amount of blocks that would optimize sprouting. Example: you have 100k beans, send ten 10,000 Bean blocks, if a million then ten 100k blocks. You can also adjust this in Bean control.
We have a community chat on matter most, PM your email and I can invite you.
I'd previously been curious about BitBean / Bean Cash before I started mining. Might take a gander at it now that you say they can be bought on POSW just to see what it can do. Didn't realize that. Can I buy them with POSW or did you still buy them with BTC? Any feedback would be appreciated. I don't see how I can do this in my POSWallet.
Oh its been a really long time since I was on POSW, I was just saying thats where I first found i tand noticed in was increasing faster than POSW. Now you can buy from Bittrex of Bleutrade. Stay away from Cryptopia, too many problems.
Interesting. Have you been on POSW since they put out their new wallet in the fall? We all know they had big issues in the summer but they've gotten back on track, as far as I can see. What kind of probs have you had with Cryptopia? Withdrawals? I've used them semi regularly since I got into the space last summer and haven't had any issues (at least in comparison to Etherdelta, Bitfinex, Coincheck, etc).
Hello!
If i understood you correctly - no, you cant buy beans through your wallet.
You need to get them off one of the exchanges and then transfer them to your Bean Cash wallet.
I would suggest Bittrex or Cryptopia. Feel free to ask any questions if you need help.
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Ah, ok, got it. Yes, I knew they could be had on Bittrex and Cryptopia. I'd meant that I saw something in the POSW wallet itself mentioning about Bitbean / Bean Cash at some point, so I thought you'd meant that there was some way to exchange them for some POSW tokens. I'll look it up. Cheers!
What is a good amount of Bitbeans for staking? 100, 1000, 100k or 1mil+?
It depends upon what you can afford. 100k-1M is a good start. 100k will see a sprout once a week. 1M will see a couple sprouts a day.
What is a good amount of Bitbeans for staking? 100, 1000, 100k or 1mil+?
Instead of selling your mined coins and buying something else like these beans and sprouts there is an alternative to hold the coins you have mined. If you are lucky the coin rise in value and you gain profit without generating new coins by PoS. Have you compared how much you would have earned by holding the coins you mined instead of changing them to beans? It could be an interesting comparison.
hmmmm, not really. since Bitbean is POS I sell the mined coin as soon as possible to get those satoshis sprouting more. The production rate is 10x faster so the mined coin would have to increase in value 10 fold to match the Beans. That could happen but I'd rather not wait.
Well I mined intense coins back in november and then I got like 15000 coins per day with 4.5 kH/s cryptonight. Price was below 10 sat. Today price is around 230 sat so that is more than 20 times higher in just two months. I doubt I had gained more by selling them and buying bitbeans.
ahhhhh that's pretty great. Hadn't heard of that coin before. Still mining it?
Yeah the price of gpu's is crazy right now. It should calm down in the coming couple months I think as the difficulty continues to catch up to the price. As someone that wants to upgrade his gpu to actually game on its frustrating s hell lol. I refuse to pay markup prices for almost anything on principal alone (if nothing else).
They have been saying GPU price was supposed to be coming down for months. Its to the point where I'm starting to think that crypto is a scam by the computer companies to sell components. lol
It is crazy right now. I've got two small rigs. One with 1050 ti's and one with rx 550's. I paid approx $130 each for the 1050 ti's last June and about $90 - 100 for the rx 550's last fall. Now, the 1050 ti's are going for about $280 and the lowly rx 550's are completely back-ordered.
Anyway, thanks for posting about Bean Cash. I hadn't heard of it. I'll definitely check it out.
What are you mining?
and thanks, this cryptospace has many opportunities to build wealth. A little knowledge can go a long way.
My 1050 ti's are doing neoscrypt at the moment, switching between GoByte, Crowd Coin, Vivo, etc. The rx 550's are bios modded and doing cryptonote (sumokoin and electroneum, mostly). So far, the only algorithm that I've found for the rx 550, where it really excels, is cryptonote. Still on the hunt...
Have you tried XMR? Dwarfpool is really stable. I was a Nicehash refuge and found my way into the Dwarfpool and been there since. I feel like it might not be as profitable but its very stable and my rigs have been happily mining away with no downtime.
Yeah, I used Dwarfpool for part of last summer mining Monero. They are really reliable. For the last few months, I've been chasing max return, and that's lead to sumo/etn/aeon and a few other cryptonote coins. If my "real" job gets super busy, I'll probably to back to XMR on dwarf or nanopool. There is something to be said for "set it and forget it."
Instead of selling your mined coins and buying something else like these beans and sprouts there is an alternative to hold the coins you have mined. If you are lucky the coin rise in value and you gain profit without generating new coins by PoS. Have you compared how much you would have earned by holding the coins you mined instead of changing them to beans? It could be an interesting comparison.
hmmmm, not really. since Bitbean is POS I sell the mined coin as soon as possible to get those satoshis sprouting more. The production rate is 10x faster so the mined coin would have to increase in value 10 fold to match the Beans. That could happen but I'd rather not wait.
Well I mined intense coins back in november and then I got like 15000 coins per day with 4.5 kH/s cryptonight. Price was below 10 sat. Today price is around 230 sat so that is more than 20 times higher in just two months. I doubt I had gained more by selling them and buying bitbeans.
My 1050 ti's are doing neoscrypt at the moment, switching between GoByte, Crowd Coin, Vivo, etc. The rx 550's are bios modded and doing cryptonote (sumokoin and electroneum, mostly). So far, the only algorithm that I've found for the rx 550, where it really excels, is cryptonote. Still on the hunt...
The 1050 Ti is surprisingly good at equihash - I got about 190 Sols/s out of mine when I was still mining with it (I managed to snag an RX 570 then 6 1060's and even a couple of 1080's before prices went totally nuts). I would think the RX 550 would be best used mining Cryptonote (haven't tried) so not really surprised you found the same.
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