[ANN] BitBean is Now Bean Cash | First v3 POS | First 20MB Max Blocks | 7+ Yrs.

[vella85]

new to this coin, anyone knows what is the average annual staking return in % ?

Welcome to the BitBean community. I believe there is no set annual staking return as BitBean is a lot like Bitcoin where when you sprout you earn the full reward in 1k beans a lot like mining a block on Bitcoin you get the full reward if solo mining of course. Like I have been saying with 500k beans sprouting you should earn around 1k beans a day or every second day so you can get a rough estimate on how many beans you can earn per year on that. Also depends on the network weight when sprouting your beans. So a rough estimate would be around 20k to 30k beans per month on 500k sprouting 24/7 so 240k to 360k per year average. It could be less like I said due to the network weight.

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[thoth-Atlantian]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

[yeswepump]

I had some BITB on the irc channel but the tipbot is no longer responding.

Is there any plan to resume the irc tipbot operation?

Thanks

[vella85]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

[thoth-Atlantian]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

[viparmenia]

If you would release the Commandline Client for linux without gui, it would be easier to rent a VPS servers and run them on it.

[vella85]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

[freebitcoins4u]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

how many coins i need to hold at my wallet to get 5k a week?
i consider re-entering the coin as the price went down.

[EddyGameta]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

how many coins i need to hold at my wallet to get 5k a week?
i consider re-entering the coin as the price went down.

You can try to hold 500K bitbean to get 5K a week, with 10M Bitbean i got around 100K a week. I just hope this coin will have a nice price for other crypto pair such as doge/ltc/or xmr

[vella85]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

how many coins i need to hold at my wallet to get 5k a week?
i consider re-entering the coin as the price went down.

You can try to hold 500K bitbean to get 5K a week, with 10M Bitbean i got around 100K a week. I just hope this coin will have a nice price for other crypto pair such as doge/ltc/or xmr

Well I hold and sprout just a little over 500k beans and get 5k beans each week but in the last 3 days I have yet to sprout any beans even though the estimate time says 1 day but it's been saying that for 3 days now. So like I also say it does depend on the network weight as some days it's less compared to other days. When there is a lot of trading volume it seems to be less network weight and it gives us people sprouting with a smaller amount more of a chance to sprout some beans.

[Kosheen]

Noob question.
What is the prediction to this coin value?
0.00001000btc ?
enjoy this tech and I hope to see a lot of progress for it.

[vergegod]

So as far as I understand BITB is POS and has bigger blocks than BTC (much faster).

Looking at it objectively, many coins out there. . . now have POS and are much faster than BTC.

My question is. . . what then makes BITB unique or different ?

[viparmenia]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

how many coins i need to hold at my wallet to get 5k a week?
i consider re-entering the coin as the price went down.

You can try to hold 500K bitbean to get 5K a week, with 10M Bitbean i got around 100K a week. I just hope this coin will have a nice price for other crypto pair such as doge/ltc/or xmr

Well I hold and sprout just a little over 500k beans and get 5k beans each week but in the last 3 days I have yet to sprout any beans even though the estimate time says 1 day but it's been saying that for 3 days now. So like I also say it does depend on the network weight as some days it's less compared to other days. When there is a lot of trading volume it seems to be less network weight and it gives us people sprouting with a smaller amount more of a chance to sprout some beans.

Sounds very promising to have 1% Profit per week that nobody could get even per year.
But one need to check it for a Long term otherwise 1% per week means 200% profit, just doubbleling the investment each year?!

[vella85]

I was going to take profits from BNT and sink into another 250k of BITB I think this little lull on low volume is just before an explosion, but BNT keeps going up so I will have to wait. Hope i dont miss it.

At the moment BitBean is still going down so I think you still have some more time before the price starts to go back up. I think a lot of people are accumulating more and more Beans each day getting ready for the next rally. I'm happy with sprouting each day waiting for the day BitBean is at 1k sats.

Yeah I see, I thought that set up was sure to move up. I am staking about 5k a week so happy to let that idle away for now.

Yeah it did look like it was going to go back up but has since been going down which may well be a great time for people to get in on BitBean and for us long term holders to accumulate some more before we see the next rise in price. I also average around 4k to 5k beans per week from sprouting which is fine with me.

how many coins i need to hold at my wallet to get 5k a week?
i consider re-entering the coin as the price went down.

You can try to hold 500K bitbean to get 5K a week, with 10M Bitbean i got around 100K a week. I just hope this coin will have a nice price for other crypto pair such as doge/ltc/or xmr

Well I hold and sprout just a little over 500k beans and get 5k beans each week but in the last 3 days I have yet to sprout any beans even though the estimate time says 1 day but it's been saying that for 3 days now. So like I also say it does depend on the network weight as some days it's less compared to other days. When there is a lot of trading volume it seems to be less network weight and it gives us people sprouting with a smaller amount more of a chance to sprout some beans.

Sounds very promising to have 1% Profit per week that nobody could get even per year.
But one need to check it for a Long term otherwise 1% per week means 200% profit, just doubbleling the investment each year?!

Well like I say it's just an estimate as it does depend on the network weight so yes some weeks could be 1% and others could be less like last week where it was less due to not sprouting any beans in 3 days. I got a sprout today so I'm off to a good start this week so I'll see where I end up at the end of the week. Also a lot depends on the price of BitBean as well so there is a lot of factors to determine the weekly/yearly percentage.

[viparmenia]

https://www.youtube.com/watch?v=6z3C-gn_9w8 DIY about bitbean sprouting

[thoth-Atlantian]

Just picked up another 100k 

I had 2 sprouts on one day twice in a row, one of second ones orphaned but that will come through at some other time.

Even at this price it's still $3 USD per sprout. pretty easy way to have $$$ flowing in.

[mehdi74]

If high low price remove in bittrex!

[viparmenia]

Just picked up another 100k 

I had 2 sprouts on one day twice in a row, one of second ones orphaned but that will come through at some other time.

Even at this price it's still $3 USD per sprout. pretty easy way to have $$$ flowing in.

Did you get sprouted for 100k only?

I have over 2000k and it brings at most 1k per day.

[viparmenia]

I have been stacking some Bitbeans for while, but i have questions for devs.

What is bitbean long term agenda?

For what i can spend Bitbeans today and future?

Does Bitbean have valuation strategy?

Q1:  What is BitBean's long term agenda?

A:  BitBean's foremost long term and existing goal, is to be a transaction-focused digital currency for everyday use (on-line for micro-payments, person-to-person transfers of value, and consumer-to-merchant.)  that is fast..simple and secure.

For merchants, BitBean offers an incentive to retain BitBean instead of converting to fiat right away. This is enabled by Sprouting BitBeans and earning rewards, by participating in the network and confirming transactions. Merchants can then use newly Sprouted BitBean (1 SPROUT = 1,000 BitBean) to give out to their customers as "Loyalty" incentives, or to keep for them-self as a hedge against market fluctuations. Long term, the goal for BitBean is to be a stable digital currency that maintains value (resistant to pump and dumps) and makes it easy to convert between other digital currencies and spend anywhere Bitcoin is accepted. A Point of Sale solution is under going development and will provide a complete solution incorporating BitBean as a native payment method along with other common payments. The point-of-sale solution will be offered under a separate Company entity, not directly affiliated with Bean Core. With a BitBean mobile app, users will be able to convert Bitcoin to BitBean and vis-versa without a third party exchange, from within the "wallet" and allow direct purchase using BitBean via the BitBean network. The advantage of being able to transact with BitBean directly, is that transactions are instant and the merchant can be given a guarantee that the funds transferred are not double spent in a very short period.(BitBean has a target confirmation time of 1 minute or less! After 6 confirmations on the network, settlement is considered complete. BitBean are able to be spent again with only 1 confirmation, but 6 confirmations are recommended for large transfers.)

A:  BitBean is a scale-able digital currency and with further improvements being made to core, will be in a position to compete with PayPal level of transactions on a global scale (1,300-2,000 tps), but decentralized - with holders of BitBean owning the network and value being determined by the market.

Q2:  Other than speculative value, what can I buy with BitBean today and in the future?

A:  Currently, there are only a few marketplaces where you can spend BitBean, links can be found at the top of this thread in our ANN under the heading "SERVICES". It is expected that as BitBean develops into a mature digital currency, this will grow.

A:  In the near future, beanstore.co will be launched, offering real beans(food), coffee and other bean related goods for sale with BitBean. It will also allow BitBean as a value-added to other goods, to be purchased with credit cards.

Q3:  Does BitBean have valuation strategy?

A:  BitBean's valuation strategy is based on a long-term plan, of creating real demand for its use and acceptance into the marketplace, as a fast..simple and secure method of payment. Use cases include, but are not limited to, micro-payments (ex. transferring value for content creators, to purchasing computational resources) to actual transfers of value for purchasing real goods and services (on-line via eCommerce or in-person via traditional brick and mortar merchants). Our formulation for achieving the strategy includes a focus on maintaining an honest, stable, secure and long-term digital currency. BitBean's network is among one of the strongest PoS based crypto-currency networks, being in operation for nearly two years, rock solid reliability and no hardforks. BitBean has maintained an average of 70% of BitBean actively sprouting with well over 100 active nodes world-wide currently.


If you should have any other questions, please feel free to ask in our PUBLIC LIVE CHAT facility.

Happy Holidays to you and yours!

Any news about The point-of-sale solution and bitbean app with own exchange?

[viparmenia]

If high low price remove in bittrex!

The "capitalisation" on Bittrex is droped below 20BTC.
Seems everybody selling and no buyers are there resulting to high volatility.

Devs must be more active otherwise people are losing interest.