Sprouting Bitbean is 10X more profitable than mining - page 8.

MagicSmoker

full member

Activity: 420

Merit: 184

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.

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: MagicSmoker on January 29, 2018, 06:48:59 AM

Quote from: AlphaInterceptor on January 28, 2018, 09:40:43 PM

Good for you, welcome to the club. Next time please try something first, before critisizing it.

That is among the dumbest things I have read on this forum so far. Firstly, I was asking questions, not criticizing. Secondly, the worst possible investment approach is to go buy something /then/ learn why you shouldn't have bought it in the first place. In this case I did a minimum of research before spending a whopping $11 in BTC to add this coin to my portfolio; do not think for one second that my spending that princely sum is in any way an endorsement of the coin, nor me joining some club.

Now either learn to discuss things in a civil manner without resorting to endless ad hominem attacks or kindly STFU. If you cannot restrain yourself from being an ass then I will simply add you to my ignore list and continue living my life in blissful ignorance of your own.

HAHAHA

it is a long time since, i ve seen such an incompetent clown.
And as you correctly said your 11$ does not add up anything to this wonderful community.
I was just trying to be nice to an idiot who came in, having no clue about where he is and what is his purpose here.
So i will restrain from nice manners and tell you- GTFO, we will live and earn money happily without your nonentity personality. Grin

NoxX

sr. member

Activity: 462

Merit: 252

I don't care about beans or whatever, but why is this in the mining section when it is clearly a promotion for a coin?

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: AlphaInterceptor on January 28, 2018, 09:40:43 PM

Good for you, welcome to the club. Next time please try something first, before critisizing it.

That is among the dumbest things I have read on this forum so far. Firstly, I was asking questions, not criticizing. Secondly, the worst possible investment approach is to go buy something /then/ learn why you shouldn't have bought it in the first place. In this case I did a minimum of research before spending a whopping $11 in BTC to add this coin to my portfolio; do not think for one second that my spending that princely sum is in any way an endorsement of the coin, nor me joining some club.

Now either learn to discuss things in a civil manner without resorting to endless ad hominem attacks or kindly STFU. If you cannot restrain yourself from being an ass then I will simply add you to my ignore list and continue living my life in blissful ignorance of your own.

EDIT - As predicted, I am now ignoring AlphaInterceptor.

bk2000

member

Activity: 78

Merit: 10

Sounds a bit silly, but hey, I like a good ROI. Also market cap is still pretty low on this coin - has plenty of upside room in the event some whales start to buy in.

ronnylov

member

Activity: 276

Merit: 13

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.

kraster010

newbie

Activity: 3

Merit: 0

Im in this coin since november and i like the profit it gaves to me.
Sprouts keeps coming with a good flow.

I would like to see more marketing and advertising from the dev team tho. I think very little is done in order to promoting this coin which is a shame.

The community is wonderfull and im not regretting this investment and i think the future is bright!

#keepsprouting

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: nsummy on January 28, 2018, 10:41:40 PM

Quote from: plasmodesmata on January 28, 2018, 10:33:37 PM

Quote from: nsummy on January 28, 2018, 10:15:08 PM

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

um there are stores and parking garages that accept Bitbean. I know of a few and I have sold stuff for Bitbean, its accepted. 2B now but there are other coins with higher, much higher, circulations. The higher supply is for facility sake and to make it easier for wider adoption. Why the animosity? What did the beans do to hurt you?

You asked why people aren't doing this, and I told you. Name a coin that has a higher circulation. And I am talking about a true coin, not a token. Verge comes to mind but at least that has privacy measures built-in and an actual purpose. That said, explain how this coin is unique and better than something like Dash?

Also this thread does not belong in the mining section. Bitbean is a strictly PoS coin, you can't mine it.

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...

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: nsummy on January 28, 2018, 10:41:40 PM

Verge comes to mind but at least that has privacy measures built-in and an actual purpose.

Ohhhhhh, it's this Verge, which turned out to be a non-privacy dummy coin.

https://hackernoon.com/why-verge-is-a-scam-and-fails-to-offer-real-privacy-6fbcab232fb5

I see you "understand" "a lot " about cryptocurrencies. Grin

Dash and Bean Cash has different approach and different purposes. But looks like you are not savvy to understand that. Grin

nsummy

full member

Activity: 1179

Merit: 131

Quote from: plasmodesmata on January 28, 2018, 10:33:37 PM

Quote from: nsummy on January 28, 2018, 10:15:08 PM

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

um there are stores and parking garages that accept Bitbean. I know of a few and I have sold stuff for Bitbean, its accepted. 2B now but there are other coins with higher, much higher, circulations. The higher supply is for facility sake and to make it easier for wider adoption. Why the animosity? What did the beans do to hurt you?

You asked why people aren't doing this, and I told you. Name a coin that has a higher circulation. And I am talking about a true coin, not a token. Verge comes to mind but at least that has privacy measures built-in and an actual purpose. That said, explain how this coin is unique and better than something like Dash?

Also this thread does not belong in the mining section. Bitbean is a strictly PoS coin, you can't mine it.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: AlphaInterceptor on January 28, 2018, 10:34:22 PM

Quote from: nsummy on January 28, 2018, 10:15:08 PM

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

HAHAHAHA

Dont forget to say that it grew around 30000% from 2015. Please dont blow your FUDgy pants, when it hits another all time high. Grin

IKR! I multiplied my money many times over this past year.

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: plasmodesmata on January 28, 2018, 10:33:37 PM

What did the beans do to hurt you?

Beans hurt his FUDgy brain, Grin

dont pay attention to this troll.

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: nsummy on January 28, 2018, 10:15:08 PM

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

HAHAHAHA

Dont forget to say that it grew around 30000% from 2015. Please dont blow your FUDgy pants, when it hits another all time high. Grin

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Quote from: nsummy on January 28, 2018, 10:15:08 PM

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

um there are stores and parking garages that accept Bitbean. I know of a few and I have sold stuff for Bitbean, its accepted. 2B now but there are other coins with higher, much higher, circulations. The higher supply is for facility sake and to make it easier for wider adoption. Why the animosity? What did the beans do to hurt you?

nsummy

full member

Activity: 1179

Merit: 131

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

Why isn't everyone doing this?

Because Bitbean is a shitcoin that has been around since 2015 and its only worth a penny a coin. The coin provides nothing new that other coins don't do. Its not used anywhere, and its only benefit is to buy and hold so that you can get more of this worthless currency. This coin is just printing money. There are 2 billion coins in circulation!

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: MagicSmoker on January 28, 2018, 08:55:24 PM

Quote from: Kozlov on January 28, 2018, 07:05:07 PM

Interesting use of 'tossers', then 'mom'. You mixed British and American well. /aside

You should see me mix metaphors, then!

Quote from: plasmodesmata on January 28, 2018, 07:44:58 PM

lol, Timeshares! Silverleaf... man what ever happened with those folks?

As to the hyperinflationary thing. I understand that. That's why I don't mess with redd or ESP. With Bitbean it was created after Doge so they saw the stupid thing Doge did releasing all those coins at once. They have it planned so there's like 90 years worth of growth. So its scaled to gradually grow instead of some crazy developer yelling: here's some coins! come what may! They paid attention to Gavin Andreson and followed his suggestions for how he would fix Bitcoins scaling issues and built that into the coin from day 1. 20mb block sizes, lightening fast transactions and they pioneered POS v3.

If the pure torture of sitting through the sales pitch didn't kill off timeshares, nor the fact you couldn't sell them later on for without taking at least a 50% haircut, then the South Park episode lampooning would have definitely struck the mortal blow (is that a coup de main or a coup de grace or what?).

Okay, bitbeans sound interesting and they are listed on Bittrex so that is definitely a good sign; none of this low-rent stocks.exchange or cryptopia crap. I was testing out PoS with TZC, as it is both PoW and PoS, but I probably won't see a block reward for 9+ months unless I vastly increase my holdings.

EDIT - what the hell, only 112 sats so I bought 1000. After I do some more altcoin trading I'll buy some more.

Good for you, welcome to the club. Next time please try something first, before critisizing it.

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: MagicSmoker on January 28, 2018, 06:40:58 PM

Quote from: plasmodesmata on January 28, 2018, 01:29:11 PM

Whats wrong with POS coins?

Its not a promotion I am asking a serious question. Sprouting beans is the most profitable method of satoshi generation I have found. Is there some drawback to POS that I don't know about?

The one drawback I can think of off the top of my head is that PoS is hyperinflationary unless block reward is reduced after every n blocks. You end up needing a Weimar Republic style wheelbarrow to haul enough cryptocurrency around to pay for a Pepsi... metaphorically speaking, of course.

And for you tossers that keep suggesting I sign up with Madoff (currently serving a rather lengthy prison term, as I recall) I am ASKING QUESTIONS TO LEARN MORE, NOT TO SHOOT DOWN YOUR PRECIOUS COIN. I am skeptical by nature and don't necessarily believe that every "fantastic opportunity" is, indeed, such. It probably has something to do with my mom dragging me to a timeshare sales presentation just so she could get a free camera.

Well, then if you not here to troll, you should not mix something you have no idea about with ponzi from your first post. Otherwise get the reaction you deserve.
It's nice that you mention pepsi, which is overblown in value drink, and cost almost nothing to produce.
What kind of hyperinflation you are talking about if less than 1% of world population use cryptocurrencies and even less people know about POS system, which NOW works better than most banks. And people make money on it.And Bean Cash is on the top of that.World economy easily digests this factors in such a scale.
You must be really newbie in economy to mention Weimar Republic style wheelbarrow in a hyperinflated world of fiat money, which has zero value in most cases, and is not backed anymore by gold, but indeed is backed by government cash printing machines. Blockchain is deflatory by its nature, and POS system evens it up. Therefore giving the possibilty to earn money to people.
Well if you dont like Mr. Madoff style of investment. Try smthng more conservative go open a deposit in the bank and get a free cover for your iphone. Just be sure to choose your bank carefully, they crash a lot lately, you know. But on the other hand you would still have an iphone cover. Wink

sotoshihero

hero member

Activity: 850

Merit: 504

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?

Thats great. I like also the idea of POS or Proof of Stakes. I have some tokens like MNX and POS Token too. Bitbean's being a POS coin is new to me. It seems its already expensive now, isnt it? Will check this coin and thanks for the information.

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: Kozlov on January 28, 2018, 07:05:07 PM

Interesting use of 'tossers', then 'mom'. You mixed British and American well. /aside

You should see me mix metaphors, then!

Quote from: plasmodesmata on January 28, 2018, 07:44:58 PM

lol, Timeshares! Silverleaf... man what ever happened with those folks?

As to the hyperinflationary thing. I understand that. That's why I don't mess with redd or ESP. With Bitbean it was created after Doge so they saw the stupid thing Doge did releasing all those coins at once. They have it planned so there's like 90 years worth of growth. So its scaled to gradually grow instead of some crazy developer yelling: here's some coins! come what may! They paid attention to Gavin Andreson and followed his suggestions for how he would fix Bitcoins scaling issues and built that into the coin from day 1. 20mb block sizes, lightening fast transactions and they pioneered POS v3.

If the pure torture of sitting through the sales pitch didn't kill off timeshares, nor the fact you couldn't sell them later on for without taking at least a 50% haircut, then the South Park episode lampooning would have definitely struck the mortal blow (is that a coup de main or a coup de grace or what?).

Okay, bitbeans sound interesting and they are listed on Bittrex so that is definitely a good sign; none of this low-rent stocks.exchange or cryptopia crap. I was testing out PoS with TZC, as it is both PoW and PoS, but I probably won't see a block reward for 9+ months unless I vastly increase my holdings.

EDIT - what the hell, only 112 sats so I bought 1000. After I do some more altcoin trading I'll buy some more.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

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.

Topic: Sprouting Bitbean is 10X more profitable than mining - page 8. (Read 20087 times)