Sprouting Bitbean is 10X more profitable than mining - page 9.

Dtrucksguitarfan

jr. member

Activity: 53

Merit: 1

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

evgenyron

newbie

Activity: 4

Merit: 0

Guys, who`s done it with MiningNow alrdy? (https://miningnow.online/). Read on the internet bout it, everything seems to be clear. And most importantly, large investors, such as RUSAL and ordinary players can participate in the ICO. It`s not an often thing...

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

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

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.

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

/

Can you explain these Bitbeans? I trust a currency that has faucets, it's important when roadmapping a coin to develop the community from the ground up.

I have DLed the QT wallet and am going to use a faucet for the moment. How many coins are needed to stake?

Over here in Beanland we 'sprout'. Sprouts are 1000 beans and the general reward comes once a week for 100k beans, once a day for 500k Beans and several times a day for 1M. on a bad day I sprout 5x and more than 12 on a good day

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

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.

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.

Kozlov

full member

Activity: 212

Merit: 100

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.

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

/

Can you explain these Bitbeans? I trust a currency that has faucets, it's important when roadmapping a coin to develop the community from the ground up.

I have DLed the QT wallet and am going to use a faucet for the moment. How many coins are needed to stake?

MagicSmoker

full member

Activity: 420

Merit: 184

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.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

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?

fluxy12

jr. member

Activity: 145

Merit: 1

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

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: MagicSmoker on January 28, 2018, 11:42:51 AM

Quote from: AlphaInterceptor on January 28, 2018, 11:29:31 AM

Quote from: MagicSmoker on January 28, 2018, 10:44:42 AM

Maybe few have heard of it? It sounds both interesting and Ponzi-like. You just let a bunch of BitBeans sit in a wallet to collect Proof of Stake awards or what?

Ponzi is in your head, buddy. It is not some BitConnect pyramid dingleberry. Bean Cash is POS 3.0 and true project with a future.

Right, so 4M coins generating an average of 50k coins per week works out to an interest rate of 1.25% per week. Compound that over the course of 1 year results in a near doubling of the number of coins (+90%) to 7.6M (depending on how long the awarded coins have to mature before they can participate in PoS, etc.).

I'm not being skeptical to be an ass, just pointing out that a 90% annualized interest rate is pretty juicy...

Ethereum will be POS in the near future. Half of new coins coming out are POS 3.0. POS 3.0 was by the way introduced by Bean Cash.

And year by year there will be more and more POS coins and that technology will improve. You must be crazy to call it juicy.

Listen, go find smthng like Bernard L. Madoff Investment Securities hedge fund, which was approved by SEC, and which came out to be a hardcore ponzi, and better invest in it.
While we are going to be making money on promising cryptocurrencies.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Juicy is very apt...
which is why I dont understand why isnt everyone doing this? its too easy. It blows all the other POS coins out of the water. there's even a video to this affect..

https://www.youtube.com/watch?v=RGGRO3esMa8

MagicSmoker

full member

Activity: 420

Merit: 184

Quote from: AlphaInterceptor on January 28, 2018, 11:29:31 AM

Quote from: MagicSmoker on January 28, 2018, 10:44:42 AM

Maybe few have heard of it? It sounds both interesting and Ponzi-like. You just let a bunch of BitBeans sit in a wallet to collect Proof of Stake awards or what?

Ponzi is in your head, buddy. It is not some BitConnect pyramid dingleberry. Bean Cash is POS 3.0 and true project with a future.

Right, so 4M coins generating an average of 50k coins per week works out to an interest rate of 1.25% per week. Compound that over the course of 1 year results in a near doubling of the number of coins (+90%) to 7.6M (depending on how long the awarded coins have to mature before they can participate in PoS, etc.).

I'm not being skeptical to be an ass, just pointing out that a 90% annualized interest rate is pretty juicy...

AlphaInterceptor

full member

Activity: 277

Merit: 101

Quote from: MagicSmoker on January 28, 2018, 10:44:42 AM

Maybe few have heard of it? It sounds both interesting and Ponzi-like. You just let a bunch of BitBeans sit in a wallet to collect Proof of Stake awards or what?

Ponzi is in your head, buddy. It is not some BitConnect pyramid dingleberry. Bean Cash is POS 3.0 and true project with a future.

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

Ponzi? No, its just POS (proof of Bean!). Beans grow new sprouts daily, relative to the amount of Beans you own and each sprout is 1000 Beans... which is worth around 13$ right now.

MagicSmoker

full member

Activity: 420

Merit: 184

Maybe few have heard of it? It sounds both interesting and Ponzi-like. You just let a bunch of BitBeans sit in a wallet to collect Proof of Stake awards or what?

plasmodesmata

full member

Activity: 403

Merit: 109

my Beans can beat your Beans in a fight

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?

Topic: Sprouting Bitbean is 10X more profitable than mining - page 9. (Read 20093 times)