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Author Topic: [LTBc] The most profitable alt coin to mine is...  (Read 19214 times)
belltown
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July 23, 2014, 06:32:39 PM
 #1

I’m always on the hunt for the most profitable altcoin to mine. Recently I was shocked to realize that I’m getting the most profit from the coin that doesn’t even use a computer to mine. This is the coin of “Lets Talk Bitcoin” and you mine it through “Proof of participation”. Basically you just post in ltb forums, leave comments, argue with people, you do the same what you would on bitcointalk, but you are getting paid for it in LTBcoins and you’re paid a lot.

Example:
Last week I’ve made maybe 10 posts in the forum (not even that much) and listened to podcast that counts as additional 5 forum posts.

I was paid 15900 LTBcoins at the end of the week.
I’ve sold them on the the exchange for 555 satoshi each = 0.088 BTC
This is insane! This is a way more then I got from my mining that week.

Guide to mining:
Step 1. Create new account at http://letstalkbitcoin.com?ref=083d7a26 (I would appreciate if you would use my referral link)

Step 2. Create your LTBcoin address and link it to your account. Great step by step guide with pictures is here http://letstalkbitcoin.com/forum/post/work-in-progress-dont-reply-yet?ref=083d7a26

Step 3. Start posting to forums in Community section, make comments on shows, just do normal stuff you would do on bitcointalk, but do it here instead http://letstalkbitcoin.com/forum/board/all?ref=083d7a26

Step 4. Adam will pay you each Saturday, you sell here https://www.melotic.com/markets/ltbc-btc

Important:
Since I've helped several new users I've noticed common mistakes new people are making. Please read this:
  • Don't just register under my link and expect coins. You need to complete both Step 1 and Step 2.
  • You're paid for each activity your do on Let'sTalkBitcoin. You will not get much coins unless you do what Step 3 says
  • The optimal strategy is to do 1-2 forum posts per day, but not all at once.


More info:
About LTBcoin https://bitcointalk.org/index.php?topic=712944.0
Activities that earn you coins http://letstalkbitcoin.com/ltbcoin-for-the-audience?ref=083d7a26
Proof of participation https://docs.google.com/document/d/1L7HmE8IupFiSrfqk9BgNa4Zg9XogqtScyQjTw0k2xCc/edit?pli=1
Русский перевод инструкций https://bitcointalk.org/index.php?topic=714069.0

Why do I tell you this?
Once you realize how easy and profitable it is to mine LTBcoins I hope you can do me a small favor by creating account using my referal link. I’ll get some LTBcoins from your referral and you will get some insane profits from this new coin.

Also if you forgot to register through my link you can still do it. Please go to letstalkbitcoin site, click on your username in top right corener => Account Settings  => enter "belltown" in Referred By => Submit

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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dwma
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July 23, 2014, 07:42:06 PM
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What is the difference between this and other pump and dumps ?  You're pumping a coin and the person pays you coins as a reward?  What am I missing in this equation ?
belltown
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July 23, 2014, 08:44:14 PM
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You can't really apply pump and dump to LTBcoin. The value of the coin comes from the fact that that's the only way to buy advertising slots on Let's Talk Bitcoin show. So the value of the coin will correlate with how valuable advertizing on the show is. You can't really pump the coin too much because advertizing has limited value, also you can't really dump the coin all the way to 0 because advertizing does not cost 0 also.

And Adam from "Let's Talk Bitcoin" is kind of the person you might trust, right? Smiley

Anyway whatever it is the coin is very profitable at the moment. Maybe it will change with the time once more people "mine" it, so coins are divided between more people. But at the moment the party goes on for "miners".
 

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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July 23, 2014, 11:40:27 PM
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You can't really apply pump and dump to LTBcoin. The value of the coin comes from the fact that that's the only way to buy advertising slots on Let's Talk Bitcoin show. So the value of the coin will correlate with how valuable advertizing on the show is. You can't really pump the coin too much because advertizing has limited value, also you can't really dump the coin all the way to 0 because advertizing does not cost 0 also.

And Adam from "Let's Talk Bitcoin" is kind of the person you might trust, right? Smiley

Anyway whatever it is the coin is very profitable at the moment. Maybe it will change with the time once more people "mine" it, so coins are divided between more people. But at the moment the party goes on for "miners".
 

Registered with your link.

Please suggest me how I'll earn this coin.

Thanks
belltown
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July 24, 2014, 12:45:15 AM
 #5


Registered with your link.

Please suggest me how I'll earn this coin.

Thanks

Thank you!

You are earning LTBcoins for each post you make on the ltb forums (see Step 3 in the Guide). Every Saturday Adam calculates the value by some complicated formula and send you coins to the address you created in Step 2 of the Guide.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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July 24, 2014, 01:44:25 AM
 #6

Hey man what are you doing watering down our distribution amounts??

I mean I'm all for people participating in the LTB community, but couldn't you have waited until the initial distribution phase ended?
belltown
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July 24, 2014, 06:06:25 AM
 #7

Hey man what are you doing watering down our distribution amounts??


I guess you're right. There is fixed amount of coins that will be distributed each week. The more people know about LTBcoin, the more people will take part in the distribution each week so less each gets. I guess it's same as with any other alt coin I mined before. In then beginning it's super profitable, but as time goes by more and more people start mining it so it's getting less and less profitable. I guess sooner or later all good things end.

I remember long time ago XPM cost about 0.007 BTC and I mined like 50 of them each week. Crazy times. I guess now the same is happening with LTBcoin.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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July 24, 2014, 09:35:34 AM
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Hey man what are you doing watering down our distribution amounts??


I guess you're right. There is fixed amount of coins that will be distributed each week. The more people know about LTBcoin, the more people will take part in the distribution each week so less each gets. I guess it's same as with any other alt coin I mined before. In then beginning it's super profitable, but as time goes by more and more people start mining it so it's getting less and less profitable. I guess sooner or later all good things end.

I remember long time ago XPM cost about 0.007 BTC and I mined like 50 of them each week. Crazy times. I guess now the same is happening with LTBcoin.

I think Adam's "Proof of Participation" implementation is a pretty sound idea because it is kind of hard to game the creation of original material that is thought-provoking and not just suspicious of fraud.

Its also smart for him to only accept LTBcoin for his advertising because that gives it value, and in a way we want him to succeed because we want his airtime to be worth more money, basically.
belltown
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July 24, 2014, 02:17:27 PM
 #9

Added info about exchange, activities that earn coins etc.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
Bernhard33
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July 24, 2014, 02:49:44 PM
 #10

Registered with your link.

Any tip who to earn this coin.

Thanks
belltown
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July 24, 2014, 05:22:50 PM
 #11

Registered with your link.

Any tip who to earn this coin.

Thanks

Thank you for registering using my link!

Is this you http://letstalkbitcoin.com/profile/user/bernhard ? For some reason it doesn't show LTBcoin Compatible Address in your profile. For example here is how it looks in my account: http://letstalkbitcoin.com/profile/user/belltown

Did you complete step 2 of Mining Guide? It's not enough to just register using the link, you need to complete both Step 1 and Step 2. Also you need to do activity described in Step 3, each activity on LTB earns coins.

Let me know if I should improve any steps of the guide if they are confusing.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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July 24, 2014, 10:45:21 PM
 #12

If someone would like to use my referral like that would be greatly appreciated. I registered under OP. Let's keep this going. Ideally I'd like to see what the referral system gives so I only need one semi active person to use my link.

Thanks
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July 25, 2014, 02:07:16 AM
 #13

I've been following (mining) LTBc for a few weeks now and mentally I have been thinking that the rewards programs are really addictive. I find myself posting on other forums or listening to podcasts and thinking that I shouldn't waste my time on communities that don't have mechanisms to reward the participants. Wonder if this will end up catching on elsewhere...

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July 25, 2014, 05:36:52 AM
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An even cooler registration link.. http://letstalkbitcoin.com?ref=c53024f1 ..I joke...but please do use.
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July 25, 2014, 06:40:19 AM
 #15


The best way to do this is by using  this link
 
Best returns, I promise!  Smiley


maurya78
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July 25, 2014, 08:05:41 AM
 #16

Sounds a little too good to be true as these things usually do
Will take a look though, thanks

belltown
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July 25, 2014, 02:11:39 PM
 #17

Ok guys. Tomorrow is a payday. Please make sure you have at least 5 forum posts on LTB forum! This is critical. Adam runs some promotion that the way it works you get a lot of LTBcoins specifically for the first 5 posts in the week. About half of 15900 LTBc I mentioned in the OP comes from that fact that I have 5+ posts. So if you don't have 5 posts already please make more by end of day.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
d3stroy
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July 25, 2014, 02:22:12 PM
 #18

Is this true or you just want to make us register with referral links?

0.088 BTC (?)  Shocked Grin
belltown
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July 25, 2014, 03:23:58 PM
 #19

Is this true or you just want to make us register with referral links?

0.088 BTC (?)  Shocked Grin

This is sreenshot of the sale:

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
belltown
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July 25, 2014, 05:13:37 PM
 #20

I've helped several new users and I've noticed common mistakes people are making. I've added Important section in OP.

Since tomorrow is payday please read Important section and make sure you did everything right so you get paid. I'm getting referal bonus only if you get paid, so I'm highly motivated to help you Smiley Please let me know if you have any questions.

How I've earned 0.088 BTC for making few forum posts on LetsTalkBitcoin
▄▄▄▄▄▄▄▄▄▄▄▄ https://bitcointalk.org/index.php?topic=707439.0 ▄▄▄▄▄▄▄▄▄▄▄▄
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