Sprouting Bitbean is 10X more profitable than mining - page 7.

plasmodesmata

full member

Activity: 403

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my Beans can beat your Beans in a fight

Quote from: CryptoPicknAxe on January 29, 2018, 03:55:18 PM

Quote from: plasmodesmata on January 29, 2018, 03:38:09 PM

Quote from: CryptoPicknAxe on January 29, 2018, 03:34:27 PM

Quote from: plasmodesmata on January 29, 2018, 02:20:43 PM

Quote from: Travis726 on January 29, 2018, 02:12:57 PM

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.

CryptoPicknAxe

newbie

Activity: 28

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Quote from: plasmodesmata on January 29, 2018, 03:38:09 PM

Quote from: CryptoPicknAxe on January 29, 2018, 03:34:27 PM

Quote from: plasmodesmata on January 29, 2018, 02:20:43 PM

Quote from: Travis726 on January 29, 2018, 02:12:57 PM

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...

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: CryptoPicknAxe on January 29, 2018, 03:34:27 PM

Quote from: plasmodesmata on January 29, 2018, 02:20:43 PM

Quote from: Travis726 on January 29, 2018, 02:12:57 PM

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.

CryptoPicknAxe

newbie

Activity: 28

Merit: 0

Quote from: plasmodesmata on January 29, 2018, 02:20:43 PM

Quote from: Travis726 on January 29, 2018, 02:12:57 PM

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.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: Travis726 on January 29, 2018, 02:12:57 PM

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

Travis726

newbie

Activity: 102

Merit: 0

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).

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: Travis726 on January 29, 2018, 01:08:17 PM

Im not saying it isnt worth doing (once I have some spare funds ill likely buy some). But the title may be misleading. We cant buy them for the same price you did, and the price makes all the difference in the world, especially when it comes to PoS coins as it directly impacts how many coins you get, aka how many you get from staking. So your number are just that...YOUR numbers, the numbers if you bought in april of last year (both the gpu's and the beans).

I guess im knitpicking, just saying the title should be "sprouting bitbeans has been 10x more profitable for me" or something. It may be even better now, I have no idea (wouldnt even know where to start with the math

edit: actually based on a quick glance, the price of bean in usd has gone up like 500x. So assuming you could get the video cards at the same price, (you cant right now, but that may change before too long), and all other factors were the same as last year (it never is). The mining would actually be more profitable..... right? (you never mentioned electricuty costs ect though)

Good points! I definitely spend more on electricity with mining versus sprouting. The rigs have 1600w power supplies. The BeanMachine only has a 600w power supply and it doesn't use all 600 watts.

I have kinda paid attention to the GPU prices, they are pretty ridiculous at the moment. I keep wanting to put a RX Vega on the BeanMachine but that price keeps rising... Through Beans I have made my ROI on all my equipment costs so I just want to keep it all running for a few more years for pure profit.

Nitpicking is fine. It helps clear up questions about an issue.

Travis726

newbie

Activity: 102

Merit: 0

Im not saying it isnt worth doing (once I have some spare funds ill likely buy some). But the title may be misleading. We cant buy them for the same price you did, and the price makes all the difference in the world, especially when it comes to PoS coins as it directly impacts how many coins you get, aka how many you get from staking. So your number are just that...YOUR numbers, the numbers if you bought in april of last year (both the gpu's and the beans).

I guess im knitpicking, just saying the title should be "sprouting bitbeans has been 10x more profitable for me" or something. It may be even better now, I have no idea (wouldnt even know where to start with the math

edit: actually based on a quick glance, the price of bean in usd has gone up like 500x. So assuming you could get the video cards at the same price, (you cant right now, but that may change before too long), and all other factors were the same as last year (it never is). The mining would actually be more profitable..... right? (you never mentioned electricuty costs ect though)

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: MagicSmoker on January 29, 2018, 11:48:06 AM

Quote from: plasmodesmata on January 29, 2018, 10:59:13 AM

That will increase as synchronization continues. firewall and antivirus settings may need to be adjusted. Mine has over 60 connections. Some people have over 100. Connections matter when your block is being solved at the same time as another. if theirs wins you get orphan block, if yours win they get the orphan.

Yeah, the wallet took longer than I felt was normal/average to start syncing but it is now up to 16 connections and about 10% done.

I found that calculator earlier; it looks like you need around 25k BEAN to find a block every month. Sure wish there was a calculator like this for TZC staking...

Yeah wallet synchronization takes a while its because they haven't 'fiddled' with the blockchain. Integrity has been maintained.

I started off with that much the first time. When I was very new to crypto. Then bought 250k, then 2.5M for a while I was spending every cent that wasn't nailed down on Beans. Now it just builds more beans for me. Easy passive income. Mining rigs keep running too but can buy less and less Beans with my payouts. And have to send another GPU for RMA... sprouting is so much easier.

MagicSmoker

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Activity: 420

Merit: 184

Quote from: plasmodesmata on January 29, 2018, 10:59:13 AM

That will increase as synchronization continues. firewall and antivirus settings may need to be adjusted. Mine has over 60 connections. Some people have over 100. Connections matter when your block is being solved at the same time as another. if theirs wins you get orphan block, if yours win they get the orphan.

Yeah, the wallet took longer than I felt was normal/average to start syncing but it is now up to 16 connections and about 10% done.

I found that calculator earlier; it looks like you need around 25k BEAN to find a block every month. Sure wish there was a calculator like this for TZC staking...

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: MagicSmoker on January 29, 2018, 08:22:40 AM

Quote from: plasmodesmata on January 28, 2018, 11:34:22 PM

Also I was comparing it to mining... Bitbean is much more profitable. Redd and Doge have much higher circulation. MUCH. We understand you don't like Bitbean but there is a great deal of money to be made with it. You don't need it and that's fine but others are interested...

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.

That will increase as synchronization continues. firewall and antivirus settings may need to be adjusted. Mine has over 60 connections. Some people have over 100. Connections matter when your block is being solved at the same time as another. if theirs wins you get orphan block, if yours win they get the orphan.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: MagicSmoker on January 29, 2018, 10:39:04 AM

Lol, and you all thought I was a tough customer... Grin

Naahhh you're good man. I got what you were saying.

We have a sprouting calculator. Its pretty decent.

http://sproutingcalculator.com/

I'm trying to bulk up Beans so I can retire... and have my Lambo. lol

plasmodesmata

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Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: ronnylov on January 29, 2018, 05:30:26 AM

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.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: fluxy12 on January 29, 2018, 09:18:53 AM

You come here to promote your unsignificant POS crypto, what did you expect as a reaction ?

Go beg somewhere else, maybe the idiot fishing will be better.

awww look a newbie saying noob things. It was a comparison and a serious question. Try to understand whats going on before giving a knee-jerk reaction.

MagicSmoker

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Activity: 420

Merit: 184

Lol, and you all thought I was a tough customer... Grin

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: jayhal on January 29, 2018, 09:27:25 AM

Quote from: plasmodesmata on January 28, 2018, 08:06:30 PM

Quote from: Dtrucksguitarfan on January 28, 2018, 07:51:41 PM

Quote from: plasmodesmata on January 28, 2018, 10:30:18 AM

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?

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.

Digital Drug Lord

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Activity: 308

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Quote from: fluxy12 on January 28, 2018, 01:17:56 PM

i don't see any interest with this beanthing, is this promotion post or something ? i don't like POS cryptos at all and will never buy 1

Piece of shit cryptos and master nodes are a nice sneaky way to say ico

You have to spend and spend and spend then the devs can run off

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: jayhal on January 29, 2018, 09:27:25 AM

Quote from: plasmodesmata on January 28, 2018, 08:06:30 PM

Quote from: Dtrucksguitarfan on January 28, 2018, 07:51:41 PM

Quote from: plasmodesmata on January 28, 2018, 10:30:18 AM

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?

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.

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.

jayhal

jr. member

Activity: 32

Merit: 2

Quote from: plasmodesmata on January 28, 2018, 08:06:30 PM

Quote from: Dtrucksguitarfan on January 28, 2018, 07:51:41 PM

Quote from: plasmodesmata on January 28, 2018, 10:30:18 AM

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?

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.

fluxy12

jr. member

Activity: 145

Merit: 1

You come here to promote your unsignificant POS crypto, what did you expect as a reaction ?

Go beg somewhere else, maybe the idiot fishing will be better.

Topic: Sprouting Bitbean is 10X more profitable than mining - page 7. (Read 20087 times)