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

[Wexlike]

its really funny in what strange ways you can "earn" crypto currencies. i m really looking forward to the future, this is so interesting to watch and be a part of.

"mining" coins through posting/creating content, that's just incredible awesome!

[asdlolciterquit]

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

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

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 www.letstalkbitcoin.com You will not get much coins unless you do what Step 3 says
• You don't need to do anything crazy in terms of Step 3 activity. The optimal strategy is to have at least 5 forum posts per week

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

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

i don't understand: you have earn 0,1 btc in 1 days???

edit: the payout is every week.
Anyways, if i've understood well, 1post=1000LTBcoin  more or less?

[belltown]

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

Thanks guys and welcome! I've updated the guide with this

[busminer]

Russian translation

If you add russian translation in start topic that will be good for russian ^)

[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?

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)

Yes there are diminishing returns, but the PoP worth of your comments get reset daily. Also keep in mind the other ways to improve your PoP score. For example, if someone upvotes your article comments, your PoP score increases. No one is going to upvote a spammy comment though.

I'm sure if you tried hard enough, you could find a way to "game" the system, and earn marginal returns. However I think you would find it to be much easier and rewarding to just "play by the rules"

[franckuestein]

Is this really working, guys? Anyone else tried It?

It sounds really good but I don't want to waste time doing something for nothing... you know 

[belltown]

<< Let me just takeout the flag >> -belltown
Russian translation

If you add russian translation in start topic that will be good for russian ^)

Added pyccкий пepeвoд инcтpyкций in OP

[busminer]

<< Let me just takeout the flag >> -belltown
Russian translation

If you add russian translation in start topic that will be good for russian ^)

Added pyccкий пepeвoд инcтpyкций in OP

Thanks !

[belltown]

Is this really working, guys? Anyone else tried It?

It sounds really good but I don't want to waste time doing something for nothing... you know 

It does work. Just on this page you have 2 messages from different users with proof that this works. Look at the other pages in this thread. Proofs are everywhere.

[Fakhoury]

May you clear this for me please

1. 1 Post, equal how many LTBcoins ?

2. May you list please ALL things I can do that get me coins, and how much coin per activity, like x coins for commenting and so.

3. What is the "content" people talking about ? The blog posts or the content at content garden ?

4. How shall I calculate how much I will be having on the next Sunday ?

5. Is there any rules so the one don't bypass it ?

[crackerhead]

May you clear this for me please

1. 1 Post, equal how many LTBcoins ?

2. May you list please ALL things I can do that get me coins, and how much coin per activity, like x coins for commenting and so.

3. What is the "content" people talking about ? The blog posts or the content at content garden ?

4. How shall I calculate how much I will be having on the next Sunday ?

5. Is there any rules so the one don't bypass it ?

Sorry for being vague, but it is impossible to calculate the amount of LTBcoin you will receive. Every time a new person registers and is active, the pool gets diluted, and everyone earns a bit less. LTBcoins supply also gets slightly lower each week. A lot of your questions are answered here: https://bitcointalk.org/index.php?topic=712944.0

1, read more about PoP, unfortunately I can not give you any exact amounts.
2. I have a list here: It is under "How to mine" section https://bitcointalk.org/index.php?topic=712944.0
3. Content includes articles, podcasts, and the forum posts. Anything you can comment on basically.
4. Here are all the stats for the weeks, scroll to the bottom for "Earning Metrics", it tells you how much each action is worth http://letstalkbitcoin.com/ltbcoin-stats
5. The rules are don't spam. I am not sure how spammers will be dealt with, I need to talk to adam about that.

[Taxidermista]

Here is what I've earned on LetsTalkBitcoin last week. Very similar to earnings in the previous week, but I was more active this time:

This is nice. May I ask how do you transfer your LTBC to Melotic without BTC to pay those high fees?

[belltown]

This is nice. May I ask how do you transfer your LTBC to Melotic without BTC to pay those high fees?

Unfortunately you'll have to send some btc dust to your account to be able to pay the transfer fee I know. This sucks.

[scottsecret]

Can I gain coins by posting anywhere that does not benefit this Adam guy?

[asdlolciterquit]

This is nice. May I ask how do you transfer your LTBC to Melotic without BTC to pay those high fees?

Unfortunately you'll have to send some btc dust to your account to be able to pay the transfer fee I know. This sucks.

some...how many?

[Taxidermista]

This is nice. May I ask how do you transfer your LTBC to Melotic without BTC to pay those high fees?

Unfortunately you'll have to send some btc dust to your account to be able to pay the transfer fee I know. This sucks.

some...how many?

From the Counterwallet help: "...each Counterparty action requires approximately 0.0005 BTC to perform".

[belltown]

From the Counterwallet help: "...each Counterparty action requires approximately 0.0005 BTC to perform".

From my experience, I don't think I was ever charged more then 0.0003 btc for the counterparty transaction, but often it was just 0.0001 btc. I didn't research what I depends on. If somebody knows, please share with us.

[Traffic4u]

Just registered under your link.
Need help to earn here 

[belltown]

Just registered under your link.
Need help to earn here  

Repeat step 3 in OP. Get coins. Sell. High five!

[franckuestein]

Registered!

Let's try it and see the next payment on saturday! Hope to receive some BTC to invest soon