Sprouting Bitbean is 10X more profitable than mining

[DevelopmentBank]

Bitbean hah, i saw this post too back in January and considered investing in it.

So, any inputs from those who did? Did you guys really earn something from this sprouting gig or did it's value tank like almost every other coin out there?

[1714098284]

1714098284

[MagicSmoker]

Bitbean hah, i saw this post too back in January and considered investing in it.

So, any inputs from those who did? Did you guys really earn something from this sprouting gig or did it's value tank like almost every other coin out there?

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, despite that the wallet has been synced and running more or less continuously on a laptop I set up specifically for running wallets. So, this experiment has played out exactly as I expected based on the amount of money I was willing to put into it... 

[dragonmike]

Bitbean hah, i saw this post too back in January and considered investing in it.

So, any inputs from those who did? Did you guys really earn something from this sprouting gig or did it's value tank like almost every other coin out there?

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, despite that the wallet has been synced and running more or less continuously on a laptop I set up specifically for running wallets. So, this experiment has played out exactly as I expected based on the amount of money I was willing to put into it... 

You're doing something wrong... or you aren't holding enough coins to allow for sprouting, possibly.
I bought over a million coins mid july, and I've been sprouting in batches of 1000 every couple of days ever since. It's held its value fairly well too in the grand scheme of bear market crypto so I'm not down much at all.

Working as intended, I'd say!

[MagicSmoker]

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, despite that the wallet has been synced and running more or less continuously on a laptop I set up specifically for running wallets. So, this experiment has played out exactly as I expected based on the amount of money I was willing to put into it... 

You're doing something wrong... or you aren't holding enough coins to allow for sprouting, possibly.
I bought over a million coins mid july, and I've been sprouting in batches of 1000 every couple of days ever since. It's held its value fairly well too in the grand scheme of bear market crypto so I'm not down much at all.

Working as intended, I'd say!

Yeah, two key things you did different from me: you bought at a much more attractive price - I was wrong, my average cost was closer to 0.01 per BITB, or $50 total - and you bought way more of it. I have considered buying more over the past few months to give me a better chance of sprouting, but seeing as this project doesn't do anything new or have an interesting use case I haven't bothered.

[plasmodesmata]

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, despite that the wallet has been synced and running more or less continuously on a laptop I set up specifically for running wallets. So, this experiment has played out exactly as I expected based on the amount of money I was willing to put into it... 

You're doing something wrong... or you aren't holding enough coins to allow for sprouting, possibly.
I bought over a million coins mid july, and I've been sprouting in batches of 1000 every couple of days ever since. It's held its value fairly well too in the grand scheme of bear market crypto so I'm not down much at all.

Working as intended, I'd say!

Yeah, two key things you did different from me: you bought at a much more attractive price - I was wrong, my average cost was closer to 0.01 per BITB, or $50 total - and you bought way more of it. I have considered buying more over the past few months to give me a better chance of sprouting, but seeing as this project doesn't do anything new or have an interesting use case I haven't bothered.

the Bear market. OUCH. My mining rigs have been off for months but Beans are still sprouting strong and generating satoshis daily. 5000 beans really isn't enough to make a micrometeorite worth of impact. But I would like to drop one nugget of information on you: https://www.youtube.com/watch?v=olEo8pSSPiE

[MagicSmoker]

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, despite that the wallet has been synced and running more or less continuously on a laptop I set up specifically for running wallets. So, this experiment has played out exactly as I expected based on the amount of money I was willing to put into it... 

the Bear market. OUCH. My mining rigs have been off for months but Beans are still sprouting strong and generating satoshis daily. 5000 beans really isn't enough to make a micrometeorite worth of impact. But I would like to drop one nugget of information on you: https://www.youtube.com/watch?v=olEo8pSSPiE

Sure, the interval between sprouts with just 5k beans is quite extended, but I should have received at least one sprout by now (it's been 9 months). I may buy another 15k beans to bring the sprouting interval down to around 2 months, but no way am I going to spend more than this token amount - another $18, basically - on a project I otherwise never viewed as anything but an interesting experiment.

[invisiblefriend321]

i have a drop over 10k in a wallet ...

it says expected time to earn reward is 92 days

it has been synched for 23 days now ?


 

[plasmodesmata]

i have a drop over 10k in a wallet ...

it says expected time to earn reward is 92 days

it has been synched for 23 days now ?


 

10k Beans is very few...I've had 6 sprouts today. not enough for me so I'm turning my mining rigs back on... its cold in the house anyway.

[invisiblefriend321]

kinda a wasted project  IMO 

[xxcsu]

kinda a wasted project  IMO 

From your view, probably every coin is a wasted project right now 

[invisiblefriend321]

kinda a wasted project  IMO  

From your view, probably every coin is a wasted project right now  

actually quite opposite -i have some incredible investments in this area ! - wish u didn't judge .. but i understand i spoke poorly about the beans ..? i wanna luv the project !


i held my coins for over a year -- then decided to throw in wallet to try the sprouting ..... its been months with no sprouts
.. have not had much luck ?   no sprouting ... and long time estimate from wallet ?

im glad its working for you but it must be selective ??

im all about decentralized blockchain especially bitcoin of course !



maybe you could offer some assistance if the sprouting really works ?

I have no problems staking other coins or running my nodes ?

but this sprouting is not working ?

thx in advance

namaste

[jerry0]

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?


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

[jerry0]

Any future with bitbean or beancash as now its called?

[dragonmike]

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...

[MagicSmoker]

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. 

Crypto - the dotcom bubble 2.0

[dragonmike]

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. 

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?

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! 

[MagicSmoker]

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

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!  

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.

[xxcsu]

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

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

Also thoughts on beancash?

My thoughts on beancash and on all other coins are HERE

[jerry0]

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?

[jerry0]

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.