[LTBc] The most profitable alt coin to mine is...

[monbux]

Looks very interesting, I'll give this a try... It seems a bit too good to be true though, lol.
Edit: so I'm looking around, and everything looks pretty cool   Thanks for this

[mikerbiker6]

if it is legit adam will be out of ltbc soon.
It is meant for legitimate contributions but people will leech of this money source.
I could for example make a hundred accounts and go spamming on the forum and make lots of coins.
That would be totally ridiculous.

[crackerhead]

if it is legit adam will be out of ltbc soon.
It is meant for legitimate contributions but people will leech of this money source.
I could for example make a hundred accounts and go spamming on the forum and make lots of coins.
That would be totally ridiculous.

Check out the distibution breakdown here: https://docs.google.com/spreadsheets/d/1GzytNblMx8xBmUczX7sPC8QitkJrrRirNrh2AJtjy1Q/edit#gid=508171322

The weekly distribution is a fixed amount. Even if you create 100 accounts, you are essentially diluting your own profits.

[crackerhead]

Do you have to verify your address to be eligible to recieve coins?

This is common question people are asking. Can you tell me what part of sign up process asks you to verify your address ? I'd like to fix OP so people are not confused.

on this site:
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-126-make-it-costly-to-be-big

it tells you to go to "my profile".
but the ltb address is now under account settings.
In address manager you can verify you address, but it is not told that you have to do it.
Hence the confusion.

It is a bit confusing, sorry about that. Address verification is not required, it is a feature that will be used in the future, you can read about it here: http://letstalkbitcoin.com/forum/post/verify-address

What is important however is that you create an LTBcoin compatible address (Your address will be valid if you created it in counterwallet).

[crackerhead]

I'm working on an official announcement thread for LTBcoin. I will have it up in a few hours.

Very cool! We need an official thread on BitcoinTalk. Thanks fordoing it!
Were did you post it? Let me link it in the OP.

Here's the official thread: https://bitcointalk.org/index.php?topic=712944.0

I will be adding a FAQ section as well, to help answer the more basic questions.

[mikerbiker6]

The total amount distributed per week is constant.
So if you own multiple accounts you get a bigger cut, or am I seeing it wrong?

[crackerhead]

The total amount distributed per week is constant.
So if you own multiple accounts you get a bigger cut, or am I seeing it wrong?

Technically you are right, but you would probably earn more LTBcoin if you did all these things below, instead of creating 10 accounts and not using them much.

• Create a LTB account
  
• Posting on the LTB forums
  
• Write an article for LTBcoin
  
• Visit a content page for the first time
  
• Comment on an episode or article
  
• Listen to Podcasts and Submit the Magic Word
  
• Work for LTBcoin at the Job Board
  
• Tipping (Coming Soon)
  

I took that list from here: https://bitcointalk.org/index.php?topic=712944.0

[Alchemix]

I joined, seems cool.
I will post here after my first week or 2 letting people know my experience.
Cheers

[belltown]

I joined, seems cool.
I will post here after my first week or 2 letting people know my experience.
Cheers

Thanks man! Let me know if you have any questions.

[belltown]

The total amount distributed per week is constant.
So if you own multiple accounts you get a bigger cut, or am I seeing it wrong?

Actually I think you are wrong. Proof or Participation pays per activity. It shouldn't matter how many accounts generated the activity, was it one or many.

Lets say the only activity you do is you post on forums. It shouldn't matter if one account generated 100 posts, or you created 100 accounts and you made 1 post from each of them. You still gonna be paid for 100 posts.

[tom14cat14]

This will be for you guys to decide but you should check out Firecoin's new multi pool for probability. We have tripled the price in a week. With a peak of 1000% gain. Could be very profitable for miners. http://www.firecoinpool.com/

[belltown]

Do you have to verify your address to be eligible to recieve coins?

This is common question people are asking. Can you tell me what part of sign up process asks you to verify your address ? I'd like to fix OP so people are not confused.

on this site:
http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-126-make-it-costly-to-be-big

it tells you to go to "my profile".
but the ltb address is now under account settings.
In address manager you can verify you address, but it is not told that you have to do it.
Hence the confusion.

Thank you for reporting it! I've created a new guide and updated Step 2 in OP.

[iflewtoday32]

signed up under your referrel and followed all steps correctly. I'll report back in a week or so

[ezimedia]

So I can not just add a btc address to my LTBTC profile.... it needs to be... an address from counterwallet.. or what.... bit confused there...

[Alchemix]

So I can not just add a btc address to my LTBTC profile.... it needs to be... an address from counterwallet.. or what.... bit confused there...

Im 99% sure the BTC address has to be created on CounterWallet.
No big deal, takes 10 seconds.

GL dude and welcome to the LTB fam

[mikerbiker6]

The total amount distributed per week is constant.
So if you own multiple accounts you get a bigger cut, or am I seeing it wrong?

Actually I think you are wrong. Proof or Participation pays per activity. It shouldn't matter how many accounts generated the activity, was it one or many.

Lets say the only activity you do is you post on forums. It shouldn't matter if one account generated 100 posts, or you created 100 accounts and you made 1 post from each of them. You still gonna be paid for 100 posts.

I believe you get diminishing returns. So with 100 posts on 1 account I wouldn't recieve as much as on a 100 accounts with 1 post.

source:
https://docs.google.com/document/d/1L7HmE8IupFiSrfqk9BgNa4Zg9XogqtScyQjTw0k2xCc/edit?pli=1
(posted by EternalWingsofGod)

[Coinshot]

I got my first coins yesterday. I think this was the last free distribution.

[Alchemix]

I got my first coins yesterday. I think this was the last free distribution.

How many posts did you make, and how many coins did you earn? (if you dont mind me asking)

[Coinshot]

I got my first coins yesterday. I think this was the last free distribution.

How many posts did you make, and how many coins did you earn? (if you dont mind me asking)

Signed up last Saturday and made 5-6 posts and a couple of comments. I listen to the podcasts anyway, so the magic words were a bonus. I earned around 10,594 Coins.

There is also a new referral program, so please use mine if you are signing up
http://letstalkbitcoin.com?ref=5756af5c

[busminer]

Russian translation